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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
KRONOS WORLDWIDE INC
[ KRO ]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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Director |
X |
10% Owner |
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Officer (give title below) |
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Other (specify below) |
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3. Date of Earliest Transaction
(Month/Day/Year) 04/20/2004
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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)
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Form filed by One Reporting Person |
X |
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 $0.01 par value |
04/20/2004 |
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J
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3,000 |
A |
$32
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16,038,846 |
I |
by Valhi
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Common Stock $0.01 par value |
04/21/2004 |
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J
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1,200 |
A |
$32
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16,040,046 |
I |
by Valhi
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Common Stock $0.01 par value |
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24,702,400 |
I |
by NL
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Common Stock $0.01 par value |
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5,180,738 |
I |
by Tremont
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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 |
1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
5430 LBJ FREEWAY |
SUITE 1700 |
(Street)
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1. Name and Address of Reporting Person*
5430 LBJ FREEWAY |
SUITE 1700 |
(Street)
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1. Name and Address of Reporting Person*
THREE LINCOLN CENTRE |
5430 LBJ FREEWAY STE 1700 |
(Street)
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1. Name and Address of Reporting Person*
5430 LBJ FREEWAY |
SUITE 1700 |
(Street)
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1. Name and Address of Reporting Person*
5430 LBJ FREEWAY |
SUITE 1700 |
(Street)
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1. Name and Address of Reporting Person*
5430 LBJ FREEWAY |
SUITE 1700 |
(Street)
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1. Name and Address of Reporting Person*
5430 LBJ FREEWAY |
SUITE 1700 |
(Street)
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1. Name and Address of Reporting Person*
5430 LBJ FREEWAY |
SUITE 1700 |
(Street)
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Explanation of Responses: |
Remarks: |
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A. Andrew R. Louis, Secretary, for Contran Corporation |
04/21/2004 |
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A. Andrew R. Louis, Secretary, for Valhi, Inc. |
04/21/2004 |
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A. Andrew R. Louis, Secretary, for National City Lines, Inc. |
04/21/2004 |
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A. Andrew R. Louis, Assistant Secretary, for NL Industries, Inc. |
04/21/2004 |
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A. Andrew R. Louis, Secretary, for Tremont LLC |
04/21/2004 |
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A. Andrew R. Louis, Attorney in fact, for Harold C. Simmons |
04/21/2004 |
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A. Andrew R. Louis, Secretary, for Dixie Holding Company |
04/21/2004 |
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A. Andrew R. Louis, Secretary, for Dixie Rice Agricultrual Corporation, Inc. |
04/21/2004 |
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A. Andrew R. Louis, Secretary, for NOA, Inc. |
04/21/2004 |
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A. Andrew R. Louis, Secretary, for Southwest Louisiana Land Company, Inc. |
04/21/2004 |
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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. |
Additional Information
Additional Information
NL, Industries, Inc.
("NL"),Valhi, Inc. ("Valhi") and Tremont LLC ("Tremont") are the holders of
50.5%, 32.8% and 10.6%, respectively, of the outstanding shares of common stock,
par value $0.01 per share ("Common Stock"), of the issuer.
Valhi and Tremont are the
direct holders of approximately 62.3% and 21.1%, respectively, of the
outstanding common stock of NL. Valhi is the direct holder of 100% of the
membership interests of Tremont. Valhi Group, Inc. ("VGI"), National City Lines,
Inc. ("National"), Contran Corporation ("Contran"), the Harold Simmons
Foundation, Inc. (the "Foundation"), the Contran Deferred Compensation Trust No.
2 (the "CDCT No. 2") and The Combined Master Retirement Trust (the "CMRT") are
the direct holders of approximately 77.6%, 9.1%, 3.1%, 0.9%, 0.4% and 0.1%,
respectively, of the outstanding shares of Valhi common stock. National, NOA,
Inc. ("NOA") and Dixie Holding Company ("Dixie Holding") 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. Dixie Rice Agricultural Corporation, Inc. ("Dixie Rice") is the direct
holder of 100% of the outstanding common stock of Dixie Holding. Contran is the
holder of 100% of the outstanding common stock of Dixie Rice and approximately
88.9% of the outstanding common stock of 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.
Harold C. Simmons is the
chairman of the board and chief executive officer of each of the issuer and NL
and the chairman of the board of each of Tremont, Valhi, VGI, National, NOA,
Dixie Holding, Dixie Rice, Southwest and Contran.
The Foundation directly holds
approximately 0.9% of the outstanding shares of Valhi common stock. The
Foundation is a tax-exempt foundation organized for charitable purposes. Harold
C. Simmons is the chairman of the board of the Foundation.
The CDCT No. 2 directly holds
approximately 0.4% of the outstanding shares of Valhi common stock. U.S. Bank
National Association serves as the trustee of the CDCT No. 2. Contran
established the CDCT No. 2 as an irrevocable "rabbi trust" to assist Contran in
meeting certain deferred compensation obligations that it owes to Harold C.
Simmons. If the CDCT No. 2 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 No. 2, Contran (i) retains the power to
vote the shares of Valhi common stock held directly by the CDCT No. 2, (ii)
retains dispositive power over such shares and (iii) may be deemed the indirect
beneficial owner of such shares.
The CMRT directly holds
approximately 0.1% of the outstanding shares of Valhi common stock. Valhi
established the CMRT to permit the collective investment by master trusts that
maintain the assets of certain employee benefit plans Valhi 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. Valhi's board of directors
selects the trustee and members of the trust investment committee for the CMRT.
Harold C. Simmons disclaims beneficial ownership of the shares of Valhi common
stock held by the CMRT, except to the extent of his individual vested beneficial
interest, if any, in the assets held by the CMRT.
By virtue of the holding of
the offices, the stock ownership and his services as trustee, all as described
above, (a) Harold C. Simmons may be deemed to control such entities and (b) Mr.
Simmons and certain of such entities may be deemed to possess indirect
beneficial ownership of shares directly held by certain of such other entities.
However, Mr. Simmons disclaims such beneficial ownership of the shares
beneficially owned directly or indirectly by any of such entities, except to the
extent of his vested beneficial interest, if any, in shares held by the CMRT and
his interest as a beneficiary of the CDCT No. 2. Mr. Harold Simmons disclaims
beneficial ownership of all shares of Common Stock that NL, Valhi or Tremont
directly holds.
Harold C.
Simmons' spouse is the direct owner of 35,233 shares of Common Stock and 69,475
shares of NL common stock. Mr. Simmons may be deemed to share indirect
beneficial ownership of such shares. Mr. Simmons disclaims all such beneficial
ownership.
Harold C.
Simmons directly holds 3,042 shares of Common Stock, 12,000 shares of NL common
stock (including stock options exercisable for 6,000 shares) and 3,383 shares of
Valhi common stock.
Valmont Insurance Company
("Valmont"), NL and a subsidiary of NL directly own 1,000,000, 3,522,967 and
1,186,200 shares of Valhi common stock, respectively. Valhi is the direct holder
of 100% of the outstanding common stock of Valmont. Pursuant to Delaware law,
Valhi treats the shares of Valhi common stock that Valmont, NL and the
subsidiary of NL own as treasury stock for voting purposes. For the purposes of
the percentage calculations herein, such shares are not deemed outstanding.