-----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, Nn984sEozYdY2txSDpjbDeKsxXXZyik3M9pmsWFnd+TAjUn86bVs873ZNIjaqyTo BHPhjNHdmDDH0loFeXM+4g== 0000932799-04-000279.txt : 20041018 0000932799-04-000279.hdr.sgml : 20041018 20041018155052 ACCESSION NUMBER: 0000932799-04-000279 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041018 DATE AS OF CHANGE: 20041018 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MILCHOVICH RAYMOND J CENTRAL INDEX KEY: 0001221441 FILING VALUES: FORM TYPE: SC 13D MAIL ADDRESS: STREET 1: C/O FOSTER WHEELER LTD STREET 2: PERRYVILLE CORP PARK CITY: CLINTON STATE: NJ ZIP: 08809-4000 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FOSTER WHEELER LTD CENTRAL INDEX KEY: 0001130385 STANDARD INDUSTRIAL CLASSIFICATION: HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600] IRS NUMBER: 223802649 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-61743 FILM NUMBER: 041083275 BUSINESS ADDRESS: STREET 1: PERRYVILLE CORPORATE PARK STREET 2: SERVICE ROAD EST 173 CITY: CLINTON STATE: NJ ZIP: 08809 BUSINESS PHONE: 9087304270 SC 13D 1 sch13d.txt SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________ SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* Foster Wheeler Ltd. - -------------------------------------------------------------------------------- (Name of Issuer) Common Shares - -------------------------------------------------------------------------------- (Title of Class of Securities) G36535105 - -------------------------------------------------------------------------------- (CUSIP Number) John Doyle c/o Foster Wheeler Ltd., Perryville Corporate Park, Clinton NJ 08809 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 6, 2004 - -------------------------------------------------------------------------------- (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 Rule 13d-1(e), 13d-1(f) or 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 Rule 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 4 SCHEDULE 13D - ------------------------------------------------------------------------------- CUSIP No. G36535105 Page 2 of4 - ------------------------------------------------------------------------------ - --------------- -------------------------------------------------------------- 1 Name of Reporting Persons. I.R.S.Identification Nos. of above persons (entities only). RAYMOND J. MILCHOVICH - -- --------------------------------------------------------------------------- - -- --------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X - -- --------------------------------------------------------------------------- - -- --------------------------------------------------------------------------- 3 SEC Use Only - -- --------------------------------------------------------------------------- - -- --------------------------------------------------------------------------- 4 Source of Funds (See Instructions) SC - -- --------------------------------------------------------------------------- - -- --------------------------------------------------------------------------- 5 Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -- --------------------------------------------------------------------------- - -- --------------------------------------------------------------------------- 6 Citizenship or Place of Organization USA - -- --------------------------------------------------------------------------- - ---------- ------ ------------------------------------------------------------ Number of Shares Beneficially Owned by Each Reporting Person With 7 Sole Voting Power 16,848,793 ------ ----------------------------------------------------------- ------ ----------------------------------------------------------- 8 Shared Voting Power 0 ------ ----------------------------------------------------------- 9 Sole Dispositive Power 16,848,793 ------ ----------------------------------------------------------- 10 Shared Dispositive Power 0 - ----------- ------ ----------------------------------------------------------- - --- -------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 16,848,793 - --- -------------------------------------------------------------------------- - --- -------------------------------------------------------------------------- 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - --- -------------------------------------------------------------------------- - --- -------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 12.92% - --- -------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) IN - --------------- -------------------------------------------------------------- Page 3 of 4 SCHEDULE 13D Item 1 - Security and Issuer Type of Security: Common Shares Name of Issuer: Foster Wheeler Ltd. Issuer's Principal Place of Business: Perryville Corporate Park Clinton, NJ 08809 Item 2 - Identity and Background (a) Name of Reporting Person: Raymond J. Milchovich (b) Business address of Reporting Person: Foster Wheeler Ltd. Perryville Corporate Park Clinton, NJ 08809 (c) Present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted; The Reporting Person is currently the Chairman, President & Chief Executive Officer of the Issuer. The Reporting Person's business address is: Foster Wheeler Ltd. Perryville Corporate Park Clinton, NJ 08809 (d)-(e) During the last five years, the Reporting Person has neither been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), nor been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Citizenship: USA Item 3 - Source and Amount of Funds or Other Consideration Of the 16,848,793 Common Shares reported on this Schedule 13D: (i) 1,363,340 represent options to purchase Common Shares that have vested, or will vest within 60 days of the date hereof, that were granted to the Reporting Person pursuant to an Employment Agreement that the Reporting Person entered into with the Issuer; (ii) 15,484,453 Common Shares reported on this Schedule 13D were granted to the Reporting Person pursuant to Foster Wheeler Ltd.'s Management Restricted Stock Plan at a meeting of the Compensation Committee of Foster Wheeler Ltd. (the "Company") held on September 29, 2004; and, (iii) the remaining 1,000 Common Shares represent Common Shares granted to the Milchovich Family Trust, of which the Reporting Person is the trustee, pursuant to the Company's Management Restricted Stock Plan. On October 6, 2004, the New Jersey Bureau of Securities declared effective the registration of the shares described in (ii) and (iii) above, making the grant date for these awards October 6, 2004. Item 4 - Purpose of Transaction All holdings beneficially owned by the Reporting Person were received as executive compensation. Item 5 - Interest in Securities of the Issuer (a) The Reporting Person is the beneficial owner of 16,848,793 Common Shares, which represents 12.92% of the issued shares of the Company. (b) The Reporting Person has the sole power to vote or dispose of 15,485,453 Common Shares. Upon the exercise of options exercisable within 60 days of the date hereof, the Reporting Person would obtain the power to vote or dispose of an additional 1,364,340 Common Shares, or an aggregate of 16,848,793 Common Shares. (c) On September 29, 2004, pursuant to the Company's Management Restricted Stock Plan, the Company's Compensation Committee granted the Reporting Person 15,484,453 Common Shares and granted the Milchovich Family Trust an additional 1,000 Common Shares. The New Jersey Bureau of Securities declared the registration of such shares effective on October 6, 2004, making the grant date for these awards October 6, 2004. (d) Not applicable. (e) Not applicable. Item 6 - Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Not applicable. Item 7 - Material to be Filed as Exhibits Not applicable. Page 4 of4 SCHEDULE 13D 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. Date Signature Raymond J. Milchovich Name/Title The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) -----END PRIVACY-ENHANCED MESSAGE-----