-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, R7K2eZ3lVt3Bmyk2vkREduMxbryed99cuq2gTn0kcGI66a+gADZ+hQ7dU0YHTlrk 4BkC36BEsc/aTS6Z1W6TBg== 0000788714-01-500021.txt : 20010223 0000788714-01-500021.hdr.sgml : 20010223 ACCESSION NUMBER: 0000788714-01-500021 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: US INDUSTRIES INC /DE CENTRAL INDEX KEY: 0001056874 STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIP, EXCEPT ELEC & WARM AIR & PLUMBING FIXTURES [3430] IRS NUMBER: 223568449 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-55153 FILM NUMBER: 1538635 BUSINESS ADDRESS: STREET 1: 101 WOOD AVENUE SOUTH STREET 2: P O BOX 169 CITY: ISELIN STATE: NJ ZIP: 08830-0169 BUSINESS PHONE: 7327670700 MAIL ADDRESS: STREET 1: 101 WOOD AVENUE SOUTH STREET 2: PO BOX 169 CITY: ISELIN STATE: NJ ZIP: 08830-0169 FORMER COMPANY: FORMER CONFORMED NAME: USI INC DATE OF NAME CHANGE: 19980227 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SASCO CAPITAL INC / CT/ CENTRAL INDEX KEY: 0000788714 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 061149365 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 10 SASCO HILL RD CITY: FAIRFIELD STATE: CT ZIP: 06430 BUSINESS PHONE: 2032546817 SC 13G/A 1 usi13ga.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 2)* U.S. Industries Inc. _______________________________________________________________________________ (Name of Issuer) Common Stock, Par Value $0.01 Per Share ___________________________________________________________ (Title of Class of Securities) 912080108 ________________________________________________ (CUSIP Number) *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 the disclosures provided in a prior page. The information required in 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 pages (s)) Page 1 of 4 Pages CUSIP No. 912080108 13G Page 2 of 4 Pages (1) Names of Reporting Persons, S.S. or I.R.S. Ident. Nos. of Above Persons Sasco Capital, Inc. ______________________________________________________________________________ (2) Check the Appropriate Box if a Member of a Group* (a) / / (b) / X / ______________________________________________________________________________ (3) SEC Use Only ______________________________________________________________________________ (4) Citizenship or Place of Organization Fairfield, Connecticut ______________________________________________________________________________ Number of Shares (5) Sole Voting Power Beneficially Owned by 2,901,650 Each Reporting _______________________________________________ Person With (6) Shared Voting Power None _______________________________________________ (7) Sole Dispositive Power 6,057,600 _______________________________________________ (8) Shared Dispositive Power None ______________________________________________________________________________ (9) Aggregate Amount Beneficially Owned by Each Reporting Person 6,057,600 ______________________________________________________________________________ (10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* ______________________________________________________________________________ (11) Percent of Class Represented by Amount in Row (9) 8.0% ______________________________________________________________________________ (12) Type of Reporting Person* IA Page 3 of 4 Pages Item 1(a) Name of Issuer: The issuer of the securities to which this statement relates is U.S. Industries Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 101 Wood Avenue South Iselin, NJ 08830 Item 2(a) Name of Person Filing: Sasco Capital, Incorporated Item 2(b) Address of Principal Business Office: 10 Sasco Hill Road Fairfield, CT 06430 Item 2(c) Citizenship: Sasco Capital, Inc. is a Connecticut corporation whose office is at Fairfield, Connecticut. Item 2(d) Title of Class of Securities: Common stock, par value $0.01 per share. Item 2(e) CUSIP Number: 912080108 Item 3 This statement is filed pursuant to Rule 13d-1(b) and the person filing: Daniel L. Leary, Secretary, for Sasco Capital, Inc. Item 4 Ownership. The 6,057,600 acquired by Sasco Capital, Inc. constitute 8.0% of the Outstanding shares of U.S. Industries, Inc. Sasco Capital, Inc. has beneficial ownership to direct the disposition of only these 6,057,600 and has the sole power to vote 2,901,650 shares. Sasco Capital, Inc. has no shared powers with regards to any other shares of U.S. Industries Inc. Page 4 of 4 Pages Item 5 Ownership of 5% or less of a Class Not applicable. Item 6 Ownership of More than 5% on Behalf of Another Person. Not applicable. Item 7 Identification and Classification of the Subsidiary Which Acquired Security Being Reported on by the Parent Holding Company. Not applicable. Item 8 Identification and Classification of Members of the Group. Not applicable. Item 9 Notice of Dissolution of Group. Item 10 Certification. By signing below, I, Daniel L. Leary Secretary of Sasco Capital, Inc., certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. 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. _______________________________ Daniel L. Leary Secretary February 12, 2001 -----END PRIVACY-ENHANCED MESSAGE-----