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Filing Details

Accession Number:: 0001140361-10-001605
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-01-12 12:00:00
Reporting Period:: 2010-01-11

Filing Date:: 2010-01-12
Accepted Time:: 2010-01-12 18:40:15
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
863456	Wet Seal Inc	WTSLA	Retail-Women's Clothing Stores (5621)	330415940

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1326150	Prentice Capital Management, Lp	623 Fifth Avenue, 32Nd Floor New York NY 10022		Yes	No	No	No
1326156	Michael Zimmerman	C/O Prentice Capital Management, L.p. 623 Fifth Avenue, 32Nd Floor New York NY 10022		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock ("Common Stock")	Acquisiton	2010-01-11	842,098	$2.75	3,591,134	No	4	C	Indirect	See Footnotes
Common Stock	Disposition	2010-01-11	420,000	$3.54	3,171,134	No	4	S	Indirect	See Footnotes
Common Stock	Disposition	2010-01-12	422,098	$3.46	2,749,036	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series D Warrants	Acquisiton	2010-01-11	842,098	$0.00	842,098	$2.75

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2010-01-14	No	4	C	Indirect

Footnotes

Michael Zimmerman ("Mr. Zimmerman") controls, and is responsible for the supervision and conduct of all investment activities of, Prentice Capital Management, LP ("Prentice Capital," together with Mr. Zimmerman, the "Reporting Persons"), the investment manager to a number of investment funds (including Prentice Capital Partners, LP, Prentice Capital Partners QP, LP, Prentice Capital Offshore, Ltd., Prentice Special Opportunities, LP, Prentice Special Opportunities Offshore, Ltd. and Prentice Special Opportunities Master, LP) and manages investments for certain entities in managed accounts (collectively, the "Investment Entities"). Except for 66,000 shares of restricted stock of the Company granted to Mr. Zimmerman in connection with his service as a director of the Company, the Reporting Persons hold the reported securities indirectly through the Investment Entities.
The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.
Immediately following the exercise of the Series D Warrants reported on this Form 4, the Reporting Persons held the following securities indirectly through the Investment Entities: 842,098 shares of Common Stock (the "Shares") and Series E Warrants exercisable into 2,683,036 shares of Common. Following the sale of the Shares as reported on this Form 4, the Reporting Persons hold the following securities indirectly through the Investment Entities: Series E Warrants exercisable into 2,683,036 shares of Common Stock. The warrants are exercisable at any time at the holder's election prior to their expiration date.
The Series D Warrants are exercisable at any time at the holder's election prior to the expiration date.