Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
THE TIMKEN COMPANY
--------------------------
(Name of Issuer)
Common Stock Without Par Value
--------------------------
(Title of Class of Securities)
887389104
--------------------------
(CUSIP Number)
Patricia Nachtigal
Senior Vice President, General Counsel
Ingersoll-Rand Company
200 Chestnut Ridge Road
Woodcliff Lake, New Jersey 07677
(201) 573-3473
------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 20, 2003
------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Sections 240.13d-1(e), 240.13(d)-1(f) or 240.13d-1(g),
check the following box |_|.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.
* 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).
(Page 1 of 7 Pages)
--------------------------------
Page 2 of 7 Pages
--------------------------------
CUSIP No. 887389104
- --------- ---------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ingersoll-Rand Company
13-5156640
- --------- ---------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |_|
- --------- ---------------------------------------------------------------------
3. SEC USE ONLY:
- --------- ---------------------------------------------------------------------
4. SOURCE OF FUNDS:
OO
- --------- ---------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
|_|
- --------- ---------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
New Jersey
- --------- ---------------------------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING POWER
BENEFICIALLY OWNED 0
BY EACH REPORTING
PERSON WITH
------ -------------------------------------------------
8. SHARED VOTING POWER
0
------ -------------------------------------------------
9. SOLE DISPOSITIVE POWER
0
------ -------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- ---------------------- ------ -------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
0
- --------- ---------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES:
|_|
- --------- ---------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
0%
- --------- ---------------------------------------------------------------------
14. TYPE OF REPORTING PERSON:
CO
- --------- ---------------------------------------------------------------------
--------------------------------
Page 3 of 7 Pages
--------------------------------
CUSIP No. 887389104
- --------- ---------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ingersoll-Rand (Barbados) Holding Incorporated c/o David
King & Co. First Floor
Trident House
Lower Broad Street
Bridgetown, Barbados
- --------- ---------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |_|
- --------- ---------------------------------------------------------------------
3. SEC USE ONLY:
- --------- ---------------------------------------------------------------------
4. SOURCE OF FUNDS:
OO
- --------- ---------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
|_|
- --------- ---------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
Barbados
- --------- ---------------------------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING POWER
BENEFICIALLY OWNED 0
BY EACH REPORTING
PERSON WITH
------ -------------------------------------------------
8. SHARED VOTING POWER
0
------ -------------------------------------------------
9. SOLE DISPOSITIVE POWER
0
------ -------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- ---------------------- ------ -------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
0
- --------- ---------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES:
|_|
- --------- ---------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
0%
- --------- ---------------------------------------------------------------------
14. TYPE OF REPORTING PERSON:
CO
- -------------------------------------------------------------------------------
--------------------------------
Page 4 of 7 Pages
--------------------------------
CUSIP No. 887389104
- --------- ---------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ingersoll-Rand Global Holding Company Limited
Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
- --------- ---------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) |_|
(b) |_|
- --------- ---------------------------------------------------------------------
3. SEC USE ONLY:
- --------- ---------------------------------------------------------------------
4. SOURCE OF FUNDS:
OO
- --------- ---------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
|_|
- --------- ---------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
Bermuda
- ---------------------- ------ -------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING POWER
BENEFICIALLY OWNED 0
BY EACH REPORTING
PERSON WITH
------ -------------------------------------------------
8. SHARED VOTING POWER
0
------ -------------------------------------------------
9. SOLE DISPOSITIVE POWER
0
------ -------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------- ---------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
0
- --------- ---------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES:
|_|
- -------- ---------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
0%
- --------- ---------------------------------------------------------------------
14. TYPE OF REPORTING PERSON:
CO
- --------- ---------------------------------------------------------------------
--------------------------------
Page 5 of 7 Pages
--------------------------------
CUSIP No. 887389104
- --------- ---------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ingersoll-Rand Company Limited
Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
- --------- ---------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |_|
- --------- ---------------------------------------------------------------------
3. SEC USE ONLY:
- --------- ---------------------------------------------------------------------
4. SOURCE OF FUNDS:
OO
- --------- ---------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
|_|
- --------- ---------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
Bermuda
- ---------------------- ------ -------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING POWER
BENEFICIALLY OWNED 0
BY EACH REPORTING
PERSON WITH
------ -------------------------------------------------
8. SHARED VOTING POWER
0
------ -------------------------------------------------
9. SOLE DISPOSITIVE POWER
0
------ -------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------- ---------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
0
- --------- ---------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: |_|
- --------- ---------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
0%
- --------- ---------------------------------------------------------------------
14. TYPE OF REPORTING PERSON:
CO
- --------- ---------------------------------------------------------------------
--------------------------------
Page 6 of 7 Pages
--------------------------------
CUSIP No. 887389104
Preamble
This statement amends and supplements the Statement on
Schedule 13D originally filed on February 28, 2003, as amended and
supplemented by Amendment No. 1 to Schedule 13D filed on August 22, 2003 and
Amendment No. 2 to Schedule 13D filed on October 17, 2003 (the "Statement") by
Ingersoll-Rand Company, a New Jersey corporation ("IR"), Ingersoll-Rand
(Barbados) Holding Incorporated ("IRBHI"), a Barbados corporation, in its
capacity as the parent company of IR, Ingersoll-Rand Global Holding Company
Limited ("IRGHC"), a Bermuda corporation, in its capacity as the parent
company of IRBHI and Ingersoll-Rand Company Limited ("IR Bermuda"), a Bermuda
corporation, in its capacity as the parent company of IRGHC (together with IR,
IRBHI and IRGHC, the "Reporting Persons"), with respect to the common stock
without par value (the "Timken Common Stock") of The Timken Company, an Ohio
corporation ("Timken"). Unless otherwise defined herein, terms defined in the
Statement and used herein shall have the meanings given to them in the
Statement.
Item 4. Purpose of Transaction.
----------------------
Item 4 is hereby amended and supplemented by adding the following at
the end thereof:
Also see Item 6 below, the contents of which are incorporated herein
by r
eference.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
---------------------------------------------------------------------
to Securities of Timken.
------------------------
Item 6 is hereby amended and supplemented by adding the following at
the end thereof:
On October 20, 2003, pursuant to a Purchase Agreement (the
"Purchase Agreement") dated as of October 15, 2003 among IR, Timken and Morgan
Stanley & Co. Incorporated (the "Underwriter"), IR sold and the Underwriter
purchased all of IR's 9,395,973 shares of Timken Common Stock (the "IR
Shares") at a purchase price per share equal to $15.71. The transaction also
included the issue and sale by Timken and the purchase by the Underwriter of
3,500,000 shares of Timken Common Stock (the "Timken Shares") at the same
purchase price.
In connection with its purchase of the IR Shares and the
Timken Shares, the Underwriter made a public offering of the IR Shares and the
Timken Shares at an initial public offering price of $15.85.
IR filed a copy of the Purchase Agreement as Exhibit 99.1 to
Amendment No. 2 to Schedule 13D dated October 17, 2003 ("Amendment No. 2").
References to, and descriptions of, the Purchase Agreement as set forth above
in this Item 6 are not intended to be complete and are qualified in their
entirety by reference to the full text of such agreement, a copy of which has
previously been filed as Exhibit 99.1 to Amendment No. 2 and is incorporated
herein by reference.
--------------------------------
Page 7 of 7 Pages
--------------------------------
CUSIP No. 887389104
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.
INGERSOLL-RAND COMPANY
By /s/Timothy R. McLevish
----------------------
Timothy R. McLevish
Senior Vice President &
Chief Financial Officer
INGERSOLL-RAND (BARBADOS) HOLDING INCORPORATED
By /s/Ronald G. Heller
----------------------
Ronald G. Heller
Secretary
INGERSOLL-RAND GLOBAL HOLDING COMPANY LIMITED
By /s/Ronald G. Heller
----------------------
Ronald G. Heller
Vice President &
Assistant Secretary
INGERSOLL-RAND COMPANY LIMITED
By /s/Timothy R. McLevish
----------------------
Timothy R. McLevish
Senior Vice President &
Chief Financial Officer
Dated: October 21, 2003