SEC FORM
4
SEC Form 4
FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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OMB APPROVAL |
OMB Number: |
3235-0287 |
Estimated average burden |
hours per response: |
0.5 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b). |
1. Name and Address of Reporting Person*
THREE LINCOLN CENTRE |
5430 LBJ FREEWAY STE 1700 |
(Street)
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2. Issuer Name and Ticker or Trading Symbol
NL INDUSTRIES INC
[ NL ]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X |
Director |
X |
10% Owner |
X |
Officer (give title below) |
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Other (specify below) |
Chairman of the Board & CEO |
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3. Date of Earliest Transaction
(Month/Day/Year) 11/21/2007
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4. If Amendment, Date of Original Filed
(Month/Day/Year)
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6. Individual or Joint/Group Filing (Check Applicable Line)
X |
Form filed by One Reporting Person |
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Form filed by More than One Reporting Person |
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
1. Title of Security (Instr.
3)
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2. Transaction Date
(Month/Day/Year) |
2A. Deemed Execution Date, if any
(Month/Day/Year) |
3. Transaction Code (Instr.
8)
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4. Securities Acquired (A) or Disposed Of (D) (Instr.
3, 4 and 5)
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5.
Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr.
3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr.
4)
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7. Nature of Indirect Beneficial Ownership (Instr.
4)
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Code |
V |
Amount |
(A) or (D) |
Price |
Common stock $0.125 par value |
11/21/2007 |
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P |
|
300 |
A |
$9.95
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581,800 |
D |
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Common stock $0.125 par value |
11/21/2007 |
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P |
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1,700 |
A |
$9.97
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583,500 |
D |
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Common stock $0.125 par value |
11/21/2007 |
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P |
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200 |
A |
$9.98
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583,700 |
D |
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Common stock $0.125 par value |
11/21/2007 |
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P |
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200 |
A |
$9.99
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583,900 |
D |
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Common stock $0.125 par value |
11/21/2007 |
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P |
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7,600 |
A |
$10
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591,500 |
D |
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Common stock $0.125 par value |
11/26/2007 |
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P |
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800 |
A |
$9.63
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592,300 |
D |
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Common stock $0.125 par value |
11/26/2007 |
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P |
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100 |
A |
$9.65
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592,400 |
D |
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Common stock $0.125 par value |
11/26/2007 |
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P |
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500 |
A |
$9.67
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592,900 |
D |
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Common stock $0.125 par value |
11/26/2007 |
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P |
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200 |
A |
$9.68
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593,100 |
D |
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Common stock $0.125 par value |
11/26/2007 |
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P |
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400 |
A |
$9.69
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593,500 |
D |
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Common stock $0.125 par value |
11/26/2007 |
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P |
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15,900 |
A |
$9.7
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609,400 |
D |
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Common stock $0.125 par value |
11/26/2007 |
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P |
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400 |
A |
$9.74
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609,800 |
D |
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Common stock $0.125 par value |
11/26/2007 |
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P |
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1,100 |
A |
$9.75
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610,900 |
D |
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Common stock $0.125 par value |
11/26/2007 |
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P |
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400 |
A |
$9.67
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611,300 |
D |
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Common stock $0.125 par value |
11/26/2007 |
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P |
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200 |
A |
$9.66
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611,500 |
D |
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Common stock $0.125 par value |
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40,387,531 |
I |
By Valhi
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Common stock $0.125 par value |
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222,100 |
I |
By TFMC
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Common stock $0.125 par value |
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269,775 |
I |
By Spouse
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security (Instr.
3)
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2. Conversion or Exercise Price of Derivative Security
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3. Transaction Date
(Month/Day/Year) |
3A. Deemed Execution Date, if any
(Month/Day/Year) |
4. Transaction Code (Instr.
8)
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5.
Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr.
3, 4 and 5)
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6. Date Exercisable and Expiration Date
(Month/Day/Year) |
7. Title and Amount of Securities Underlying Derivative Security (Instr.
3 and 4)
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8. Price of Derivative Security (Instr.
5)
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9.
Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr.
4)
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10. Ownership Form: Direct (D) or Indirect (I) (Instr.
4)
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11. Nature of Indirect Beneficial Ownership (Instr.
4)
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Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Explanation of Responses: |
Remarks: |
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A. Andrew R. Louis, Attorney-in-fact, for Harold C. Simmons |
11/26/2007 |
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** Signature of Reporting Person |
Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* If the form is filed by more than one reporting person,
see
Instruction
4
(b)(v). |
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |
Exhibit 99
Additional Information
Valhi, Inc. ("Valhi"), Harold C. Simmons, Harold C. Simmons' spouse and
TIMET Finance Management Company ("TFMC") are the direct holders of
approximately 83.1%, 1.3%, 0.6% and 0.5%, respectively, of the outstanding
common stock of the issuer, NL Industries, Inc. ("NL"). Titanium Metals
Corporation ("TIMET") is the sole stockholder of TFMC.
Valhi Holding Company ("VHC"), Annette C. Simmons, The Combined Master
Retirement Trust (the "CMRT"), Harold C. Simmons, NL Industries, Inc. ("NL"),
Valhi, Inc. ("Valhi"), the Harold Simmons Foundation, Inc. (the "Foundation"),
the Contran Amended and Restated Deferred Compensation Trust (the "CDCT") and
Contran Corporation ("Contran") are the holders of approximately 29.9%, 11.6%,
9.5%, 4.3%, 0.9%, 0.5%, 0.2%, 0.1% and less than 0.1%, respectively, of the
outstanding shares of common stock of TIMET. NL's percentage ownership of TIMET
common stock includes 0.3% directly held by a subsidiary of NL. The ownership of
Ms. Simmons includes 20,824,200 shares of the issuer's common stock that she has
the right to acquire upon exercise of 1,561,815 shares of the issuer's 6 3/4%
Series A Convertible Preferred Stock, par value $0.01 per share (the "Series A
Preferred Stock"), that she directly owns. The percentage ownership of the
issuer's common stock held by Ms. Simmons assumes the full conversion of only
the shares of Series A Preferred Stock owned by her.
VHC, the Foundation, the CDCT and the CMRT are the direct holders of 92.5%,
0.9%, 0.4% and 0.1%, respectively, of the common stock of Valhi. Valhi Group,
Inc. ("VGI"), National City Lines, Inc. ("National") and Contran are the direct
holders of 88.6%, 10.4% and 1.0%, respectively, of the outstanding common stock
of VHC. National, NOA, Inc. ("NOA") and Dixie Rice Agricultural Corporation,
Inc. ("Dixie Rice") are the direct holders of approximately 73.3%, 11.4% and
15.3%, respectively, of the outstanding common stock of VGI. Contran and NOA are
the direct holders of approximately 85.7% and 14.3%, respectively, of the
outstanding common stock of National. Contran and Southwest Louisiana Land
Company, Inc. ("Southwest") are the direct holders of approximately 49.9% and
50.1%, respectively, of the outstanding common stock of NOA. Contran is the
direct holder of 100% of the outstanding common stock of Dixie Rice and
Southwest.
Substantially all of Contran's outstanding voting stock is held by trusts
established for the benefit of certain children and grandchildren of Harold C.
Simmons (the "Trusts"), of which Mr. Simmons is the sole trustee, or is held by
Mr. Simmons or persons or entities related to Mr. Simmons. As sole trustee of
the Trusts, Mr. Simmons has the power to vote and direct the disposition of the
shares of Contran stock held by the Trusts. Mr. Simmons, however, disclaims
beneficial ownership of any shares of Contran stock that the Trusts hold.
Harold C. Simmons is the chairman of the board and chief executive officer
of the issuer and the chairman of the board of each of TIMET, Valhi, VHC, VGI,
National, NOA, Dixie Rice, Southwest and Contran.
The Foundation directly holds approximately 0.2% of the oustanding shares
of TIMET common stock and 0.9% of the outstanding Valhi common stock. The
Foundation is a tax-exempt foundation organized for charitable purposes. Harold
C. Simmons is the chairman of the board and chief executive officer of the
Foundation and may be deemed to control the Foundation.
The CDCT directly holds approximately 0.1% of the outstanding shares of
TIMET common stock and 0.4% of the outstanding Valhi common stock. U.S. Bank
National Association serves as the trustee of the CDCT. Contran established the
CDCT as an irrevocable "rabbi trust" to assist Contran in meeting certain
deferred compensation obligations that it owed to Harold C. Simmons. If the CDCT
assets are insufficient to satisfy such obligations, Contran is obligated to
satisfy the balance of such obligations as they come due. Pursuant to the terms
of the CDCT, Contran (i) retains the power to vote the shares of Valhi common
stock held directly by the CDCT; (ii) retains dispositive power over such shares
and (iii) may be deemed the indirect beneficial owner of such shares.
The CMRT directly holds approximately 9.5% of the outstanding shares of
TIMET common stock and 0.1% of the outstanding shares of Valhi common stock.
Contran sponsors the CMRT to permit the collective investment by master trusts
that maintain the assets of certain employee benefit plans Contran and related
companies adopt. Harold C. Simmons is the sole trustee of the CMRT and a member
of the trust investment committee for the CMRT. Contran's board of directors
selects the trustee and members of the trust investment committee for the CMRT.
Mr. Simmons is a participant in one or more of the employee benefit plans that
invest through the CMRT. He disclaims beneficial ownership of any shares held by
the CMRT or the CDCT, except to the extent of his individual vested beneficial
interest, if any, in the assets held by the CMRT or the CDCT.
By virtue of the holding of the offices, the stock ownership and his
service as trustee, all as described above, (a) Mr. Simmons may be deemed to
control the entities described above and (b) Mr. Simmons and certain of such
entities may be deemed to possess indirect beneficial ownership of shares of NL
common stock that Valhi and TFMC hold directly. However, Mr. Simmons disclaims
beneficial ownership of the shares of NL common stock beneficially owned,
directly or indirectly, by any of such entities.
NL and a subsidiary of NL directly own 3,522,967 shares and 1,186,200
shares, respectively, of Valhi common stock. Pursuant to Delaware law, Valhi
treats the shares of Valhi common stock that NL and the subsidiary of NL own
directly as treasury stock for voting purposes and for the purposes of this
statement are not deemed outstanding.
Annette C. Simmons is the wife of Harold C. Simmons and direct owner of
269,775 of the issuer's common stock, 1,561,815 shares of the Series A Preferred
Stock, 343,675 shares of TIMET common stock and 43,400 shares of Valhi common
stock. Mr. Simmons may be deemed to share indirect beneficial ownership of such
securities. Mr. Simmons disclaims beneficial ownership of all securities that
his spouse holds directly.
Mr. Harold C. Simmons is the direct owner of 661,500 shares of the issuer's
common stock, 6,894,239 shares of TIMET common stock and 3,383 shares of Valhi
common stock.
A trust of which Harold C. Simmons and his spouse are co-trustees and the
beneficiaries are the grandchildren of his spouse, is the direct holder of
17,432 shares of TIMET common stock and 36,500 shares of Valhi common stock. Mr.
Simmons, as co-trustee of this trust, has the power to vote and direct the
disposition of the shares of Valhi common stock the trust holds. Mr. Simmons
disclaims beneficial ownership of any shares of Valhi common stock that this
trust holds.