SC 13G 1 sch13g022208.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Keystone Consolidated Industries, Inc. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 493422307 (CUSIP Number) December 31, 2007 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this schedule is filed: / / Rule 13d-1(b) / / Rule 13d-1(c) /X/ Rule 13d-1(d) 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). SCHEDULE 13G CUSIP No. 493422307 1 NAME OF REPORTING PERSON Carl C. Icahn S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 503,389 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 503,389 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 503,389 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.03% 12 TYPE OF REPORTING PERSON* IN SCHEDULE 13G CUSIP No. 493422307 1 NAME OF REPORTING PERSON Beckton Corp. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 503,389 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 503,389 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 503,389 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.03% 12 TYPE OF REPORTING PERSON* CO SCHEDULE 13G CUSIP No. 493422307 1 NAME OF REPORTING PERSON Icahn Enterprises G.P. Inc. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 503,389 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 503,389 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 503,389 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.03% 12 TYPE OF REPORTING PERSON* CO SCHEDULE 13G CUSIP No. 493422307 1 NAME OF REPORTING PERSON Icahn Enterprises Holdings L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 503,389 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 503,389 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 503,389 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.03% 12 TYPE OF REPORTING PERSON* PN SCHEDULE 13G CUSIP No. 493422307 1 NAME OF REPORTING PERSON AREH OIL & GAS CORP. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 503,389 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 503,389 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 503,389 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.03% 12 TYPE OF REPORTING PERSON* CO SCHEDULE 13G CUSIP No. 493422307 1 NAME OF REPORTING PERSON Cloud Holding LLC S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 503,389 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 503,389 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 503,389 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.03% 12 TYPE OF REPORTING PERSON* OO SCHEDULE 13G CUSIP No. 493422307 1 NAME OF REPORTING PERSON PSC Metals, Inc. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Ohio NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 503,389 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 503,389 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 503,389 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.03% 12 TYPE OF REPORTING PERSON* CO SCHEDULE 13G ITEM 1 (a) Name of Issuer: Keystone Consolidated Industries, Inc. (b) Address of Issuers Principal Executive Offices: 5430 LBJ Freeway, Suite 1740, Three Lincoln Centre, Dallas, Texas 75240. ITEM 2 Name, Address and Citizenship of Persons Filing (a) - (c) The persons filing this statement are Beckton Corp., a Delaware corporation ("Beckton"), Icahn Enterprises G.P. Inc., a Delaware corporation ("Icahn Enterprises GP"), Icahn Enterprises Holdings L.P., a Delaware limited partnership ("Icahn Holdings"), AREH Oil & Gas Corp., a Delaware corporation ("AREH Corp"), Cloud Holding LLC, a Delaware limited liability company ("Cloud Holding"), PSC Metals, Inc., an Ohio corporation ("PSC", and collectively with Beckton, Icahn Enterprises GP, Icahn Holdings, AREH Corp and Cloud Holding, the "Icahn Entities"), Carl C. Icahn, a citizen of the United States of America (Mr. Icahn collectively with the Icahn Entities, the "Icahn Group"). The principal business address and the address of the principal office of (i) Beckton, Icahn Enterprises GP, Icahn Holdings, AREH Corp and Cloud Holding is 445 Hamilton Avenue, Suite 1210, White Plains Plaza, White Plains, NY 10601, (ii) PSC is 5875 Landerbrook Drive, Suite 200, Mayfield Heights, OH 44124, and (iv) Mr. Icahn is c/o Icahn Associates Corp., 767 Fifth Avenue, 47th Floor, New York, NY 10153. (d) Title of Class of Securities: Common Stock, par value $0.01 ("Shares") (e) CUSIP Number for Common Stock: 493422307 ITEM 3 If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: NOT APPLICABLE (a) / / Broker or Dealer registered under Section 15 of the Act (15 U.S.C. 78o) (b) / / Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c) (c) / / Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c) (d) / / Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8) (e) / / An investment advisor in accordance with Section 240.13d- 1(b)(1)(ii)(E) (f) / / Employee Benefit Plan, or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F) (g) / / Parent Holding Company, in accordance with Section 240.13d- 1(b)(ii)(G) (h) / / A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813) (i) / / A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3) (j) / / Group, in accordance with Section 240.13d-1(b)(1)(ii)(J) ITEM 4 Ownership Ownership as of the filing date: (a - b) As of the close of the business day on February 22, 2008, the Icahn Group is deemed to beneficially own (as that term is defined in Rule 13d-3 under the Act), in the aggregate, 503,389 Shares, representing approximately 5.03% of the Issuer's outstanding Shares (based upon the 10,000,000 Shares stated to be outstanding as of February 11, 2008 by the Issuer in the Issuer's Form 424B3 filed with the Securities and Exchange Commission on February 12, 2008). Each of Mr. Icahn and each entity in the Icahn Group (other than PSC) is deemed to beneficially own (as that term is defined in Rule 13d-3 under the Act) 503,389 Shares which PSC directly owns. Each of Mr. Icahn and each entity in the Icahn Group (other than PSC) disclaims such beneficial ownership for all other purposes. (c) The information set forth in the cover pages hereto is herby incorporated in its entirety herein. ITEM 5 Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities check the following. [ ] NOT APPLICABLE ITEM 6 Ownership of More than Five Percent on Behalf of Another Person Other than the Icahn Group, no person is known to have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from, the sale of the Shares. ITEM 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company NOT APPLICABLE ITEM 8 Identification and Classification of Members of the Group Please see Exhibit 1 attached hereto. ITEM 9 Notice of Dissolution of Group NOT APPLICABLE ITEM 10 Certification By signing below each of the undersigned certifies that, to the best of each of the undersigned's knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having the purpose or effect. [Signature Page Follows] SIGNATURES After reasonable inquiry and to the best of the knowledge and belief of each of the undersigned certifies that the information set forth in this statement on Schedule 13G is true, complete and correct. Dated: February 22, 2008 PSC METALS, INC. By: /s/ Joseph King --------------- Name: Joseph King Title: Vice President AREH OIL & GAS CORP. By: /s/ Andrew Skobe ---------------- Name: Andrew Skobe Title: Chief Financial Officer CLOUD HOLDING LLC By: AREH Oil & Gas Corp., its sole member By: /s/ Andrew Skobe ---------------- Name: Andrew Skobe Title: Chief Financial Officer ICAHN ENTERPRISES HOLDINGS L.P. By: Icahn Enterprises G.P. Inc., its general partner By: /s/Andrew Skobe --------------- Name: Andrew Skobe Title: Chief Financial Officer ICAHN ENTERPRISES G.P. INC. By: /s/ Andrew Skobe ---------------- Name: Andrew Skobe Title: Chief Financial Officer BECKTON CORP. By: /s/ Keith Cozza --------------- Name: Keith Cozza Title: Treasurer /s/ Carl C. Icahn ----------------- Carl C. Icahn, Individually [Signature page of Schedule 13G - Keystone Consolidated Industries, Inc.] EXHIBIT 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, par value $.01 per share of Keystone Consolidated Industries, Inc. and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings. In evidence thereof, the undersigned, being duly authorized, have executed this Joint Filing Agreement this 22nd day of February, 2008. PSC METALS, INC. By: /s/ Joseph King --------------- Name: Joseph King Title: Vice President AREH OIL & GAS CORP. By: /s/ Andrew Skobe ---------------- Name: Andrew Skobe Title: Chief Financial Officer CLOUD HOLDING LLC By: AREH Oil & Gas Corp., its sole member By: /s/ Andrew Skobe ---------------- Name: Andrew Skobe Title: Chief Financial Officer ICAHN ENTERPRISES HOLDINGS L.P. By: Icahn Enterprises G.P. Inc., its general partner By: /s/ Andrew Skobe ---------------- Name: Andrew Skobe Title: Chief Financial Officer ICAHN ENTERPRISES G.P. INC. By: /s/ Andrew Skobe ---------------- Name: Andrew Skobe Title: Chief Financial Officer BECKTON CORP. By: /s/ Keith Cozza --------------- Name: Edward E. Mattner Title: Authorized Signatory /s/ Carl C. Icahn ----------------- Carl C. Icahn, Individually [Signature page of Schedule 13G - Joint Filing Agreement for Keystone Consolidated Industries, Inc.]