UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 10)* Stein Mart, Inc. ---------------- (Name of Issuer) Common Stock, $0.01 par value ----------------------------- (Title of Class of Securities) 858375-10-8 ----------- (CUSIP Number) December 31, 2004 ----------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [_] Rule 13d-1(c) [X] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on following page(s)) Page 1 of 6 Pages ----------------------------------- ------------------------ CUSIP No. 858375-10-8 Page 2 of 6 Pages ----------------------------------- ------------------------ ================================================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jay Stein -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 16,132,322 SHARES --------------------------------------------------- 6 SHARED VOTING POWER BENEFICIALLY 231,600 OWNED BY --------------------------------------------------- 7 SOLE DISPOSITIVE POWER EACH 16,132,322 REPORTING --------------------------------------------------- 8 SHARED DISPOSITIVE POWER PERSON 231,600 WITH -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,363,922 -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 38.5% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. ----------------------------------- ------------------------ CUSIP No. 858375-10-8 Page 3 of 6 Pages ----------------------------------- ------------------------ Item 1(a). Name of Issuer: --------- -------------- Stein Mart, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: --------- ----------------------------------------------- 1200 Riverplace Blvd. Jacksonville, FL 32207 Item 2(a). Name of Person Filing: --------- --------------------- Jay Stein Item 2(b). Address of Principal Business Office or, if none, Residence: --------- ----------------------------------------------------------- 1200 Riverplace Blvd. Jacksonville, FL 32207 Item 2(c). Citizenship: --------- ----------- United States Item 2(d). Title of Class or Securities: --------- ---------------------------- Common Stock, $0.01 par value Item 2(e). CUSIP Number: --------- ------------ 858375-10-8 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or ------ ------------------------------------------------------ 13d-2(b), check whether the person filing is a: ------------------------------------------------------- Inapplicable Item 4. Ownership as of December 31, 2004. ------ --------------------------------- (a) Amount Beneficially Owned: 16,363,922 shares* ----------------------------------- ------------------------ CUSIP No. 858375-10-8 Page 4 of 6 Pages ----------------------------------- ------------------------ (b) Percent of Class: 38.5% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 16,132,322 shares (ii) shared power to vote or to direct the vote: 231,600 (iii) sole power to dispose or to direct the disposition of: 16,132,322 shares (iv) shared power to dispose or to direct the disposition of: 231,600 * Shares consist of (i) 15,463,550 shares held by Stein Ventures Limited Partnership, the general partner of which is Carey Ventures, Inc., (ii) 429,450 shares held by the Jay Stein Foundation, (iii) 220,000 shares over which Mr. Stein serves as Custodian under the Florida Uniform Transfers to Minors Act and has sole voting and dispositive power, (iv) 2,422 shares held by Carey Ventures, Inc., a corporation wholly-owned by Jay Stein, (v) 16,900 shares held by Jay Stein, (vi) 200,000 held by Mr. Stein's spouse, Deanie Stein, and (vii) 31,600 shares held in a brokerage account by Deanie Stein. Item 5. Ownership of Five Percent or Less of a Class. ------ -------------------------------------------- Inapplicable Item 6. Ownership of More than Five Percent on Behalf of Another ------ -------------------------------------------------------- Person. ------ Inapplicable Item 7. Identification and Classification of the Subsidiary Which ------ ----------------------------------------------------------- Acquired the Security Being Reported on By the Parent Holding ------------------------------------------------------------- Company. ------- Inapplicable ----------------------------------- ------------------------ CUSIP No. 858375-10-8 Page 5 of 6 Pages ----------------------------------- ------------------------ Item 8. Identification and Classification of Members of the Group. ------ --------------------------------------------------------- Inapplicable Item 9. Notice of Dissolution of Group. ------ ------------------------------ Inapplicable Item 10. Certification. ------- ------------- Inapplicable ----------------------------------- ------------------------ CUSIP No. 858375-10-8 Page 6 of 6 Pages ----------------------------------- ------------------------ SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 14, 2005 /s/ Jay Stein ------------------------------- Jay Stein