Sec Form 13G Filing - Timken Foundation of Canton filing for TIMKEN COMPANY (TKR) - 2021-02-12

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G
 
 
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
 
The Timken Company 

(Name of Issuer)
 
Common Shares, without par value

(Title of Class of Securities)
 
887389104

(CUSIP Number)
 
Calendar Year 2020

(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
     o  Rule 13d-1(b)
 
     o  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 the disclosures provided in a prior cover 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).
 


 
 

 
 
CUSIP No.  887389104      
 
      
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 Timken Foundation of Canton
34-6520254
   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a)   x
 (b)   o
   
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
  
 4,652,481
   
6 SHARED VOTING POWER
  
 0
   
7 SOLE DISPOSITIVE POWER
  
 4,652,481
   
8 SHARED DISPOSITIVE POWER
  
 0
   
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  
 4,652,481
   
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
  
 o
   
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  
 6.15%
   
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
  
 CO
 
FOOTNOTES
  
 
 
 

 
 
CUSIP No.  887389104      
 
      
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 Ward J. Timken
   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a)   x
 (b)   o
   
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
  
 459,563
   
6 SHARED VOTING POWER
  
 5,156,799
   
7 SOLE DISPOSITIVE POWER
  
 459,563
   
8 SHARED DISPOSITIVE POWER
  
 5,156,799
   
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  
 5,616,362
   
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
  
 o
   
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  
 7.42%
   
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
  
 IN
 
FOOTNOTES
  
 
 
 

 
 
CUSIP No.  887389104      
 
      
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 Joy A. Timken
   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a)   x
 (b)   o
   
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
  
 47,417
   
6 SHARED VOTING POWER
  
 5,247,460
   
7 SOLE DISPOSITIVE POWER
  
 47,417
   
8 SHARED DISPOSITIVE POWER
  
 5,247,460
   
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  
 5,294,877
   
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
  
 o
   
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  
 7.00%
   
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
  
 IN
 
FOOTNOTES
  
 
 
 

 
 
CUSIP No.  887389104      
 
      
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 W.R. Timken, Jr.
   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a)   x
 (b)   o
   
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
  
 103,465
   ; 
6 SHARED VOTING POWER
  
 4,698,502
   
7 SOLE DISPOSITIVE POWER
  
 103,465
   
8 SHARED DISPOSITIVE POWER
  
 4,698,502
   
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  
 4,801,967
   
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
  
 o
   
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  
 6.35%
   
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
  
 IN
 
FOOTNOTES
  
 
 
 

 
 
CUSIP No.  887389104      
 
      
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 Ward J. Timken, Jr.
   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a)   x
 (b)   o
   
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
  
 697,302
   
6 SHARED VOTING POWER
  
 4,714,291
   
7 SOLE DISPOSITIVE POWER
  
 697,302
   
8 SHARED DISPOSITIVE POWER
  
 4,714,291
   
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  
 5,411,593
   
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
  
 o
   
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  
 7.13%
   
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
  
 IN
 
FOOTNOTES
  
 
 
 

 
 
CUSIP No.  887389104      
 
      
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 Robert R. Timken
   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a)   x
 (b)   o
   
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
  
 13,800
   
6 SHARED VOTING POWER
  
 4,677,766
   
7 SOLE DISPOSITIVE POWER
  
 13,800
   
8 SHARED DISPOSITIVE POWER
  
 4,677,766
   
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  
 4,691,566
   
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
  
 o
   
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  
 6.2%
   
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
  
 IN
 
FOOTNOTES
  
 
 
 

 
 
CUSIP No.  887389104      
 
      
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 Henry H. Timken, II
   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a)   x
 (b)   o
   
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
  
 5,013
   
6 SHARED VOTING POWER
  
 4,664,136
   
7 SOLE DISPOSITIVE POWER
  
 5,013
   
8 SHARED DISPOSITIVE POWER
  
 4,664,136
   
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  
 4,669,149
   
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
  
 o
   
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  
 6.17%
   
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
  
 IN
 
FOOTNOTES
  
 
 
 

 
 
Item 1.

 
(a)
Name of Issuer
 
 
The Timken Company

 
(b)
Address of Issuer’s Principal Executive Offices
 
 
4500 Mt. Pleasant St. NW
North Canton, OH 44720

Item 2.

 
(a)
Name of Person Filing
 
 
(1)
Timken Foundation of Canton
 
 
(2)
Ward J. Timken
 
 
(3)
Joy A. Timken
 
 
(4)
W.R. Timken, Jr.
 
 
(5)
Ward J. Timken, Jr.
 
 
(6)
Robert R. Timken
 
 
(7)
Henry H. Timken, II

 
(b)
Address of Principal Business Office or, if none, Residence
 
 
(1)
Timken Foundation of Canton
200 Market Ave N
Suite 210
Canton, OH 44702
 
 
(2)
Ward J. Timken
200 Market Ave N
Suite 210
Canton, OH 44702
 
 
(3)
Joy A. Timken
200 Market Ave N
Suite 210
Canton, OH 44702
 
 
(4)
W.R. Timken, Jr.
200 Market Ave N
Suite 210
Canton, OH 44702
 
 
(5)
Ward J. Timken, Jr.
200 Market Ave N
Suite 210
Canton, OH 44702
 
 
(6)
Robert R. Timken
200 Market Ave N
Suite 210
Canton, OH 44702
 
 
(7)
Henry H. Timken, II
200 Market Ave N
Suite 210
Canton, OH 44702

 
(c)
Citizenship
 
 
(1)
Timken Foundation of Canton: Ohio
 
 
(2)
Ward J. Timken: United States of America
 
 
(3)
Joy A. Timken: United States of America
 
 
(4)
W.R. Timken, Jr.: United States of America
 
 
(5)
Ward J. Timken, Jr.: United States of America
 
 
(6)
Robert R. Timken: United States of America
 
 
(7)
Henry H. Timken, II: United States of America

 
(d)
Title of Class of Securities
 
 
Common Shares, without par value

 
(e)
CUSIP Number
 
 
887399103

 
Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 
(a)
o
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 
(b)
o
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 
(c)
o
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 
(d)
o
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

 
(e)
o
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 
(f)
o
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 
(g)
o
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

 
(h)
o
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 
(i)
o
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)
o
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J).

 
(k)
o
A group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

 
 
 

 
 
Item 4.
Ownership.
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 
(a)
Amount beneficially owned:
 
 
(1)
Timken Foundation of Canton: 4,652,481
 
 
(2)
Ward J. Timken: 5,616,362
 
 
(3)
Joy A. Timken: 5,294,877
 
 
(4)
W.R. Timken, Jr.: 4,801,967
 
 
(5)
Ward J. Timken, Jr.: 5,411,593
 
 
(6)
Robert R. Timken: 4,691,566
 
 
(7)
Henry H. Timken, II: 4,669,149

 
(b)
Percent of class:
 
 
(1)
Timken Foundation of Canton: 6.15%
 
 
(2)
Ward J. Timken: 7.42%
 
 
(3)
Joy A. Timken: 7%
 
 
(4)
W.R. Timken, Jr.: 6.35%
 
 
(5)
Ward J. Timken, Jr.: 7.13%
 
 
(6)
Robert R. Timken: 6.20%
 
 
(7)
Henry H. Timken, II: 6.17%

 
(c)
Number of shares as to which the person has:

 
(i)
Sole power to vote or to direct the vote:
 
 
 
(1)
Timken Foundation of Canton: 4,652,481
 
 
 
(2)
Ward J. Timken: 459,563
 
 
 
(3)
Joy A. Timken: 47,417
 
 
 
(4)
W.R. Timken, Jr.: 103,465
 
 
 
(5)
Ward J. Timken, Jr.: 697,302
 
 
 
(6)
Robert R. Timken: 13,800
 
 
 
(7)
Henry H. Timken, II: 5,013

 
(ii)
Shared power to vote or to direct the vote:
 
 
 
(1)
Timken Foundation of Canton: 0
 
 
 
(2)
Ward J. Timken: 5,156,799
 
 
 
(3)
Joy A. Timken: 5,247,460
 
 
 
(4)
W.R. Timken, Jr.: 4,698,502
 
 
 
(5)
Ward J. Timken, Jr.: 4,714,291
 
 
 
(6)
Robert R. Timken: 4,677,766
 
 
 
(7)
Henry H. Timken, II: 4,664,136

 
(iii)
Sole power to dispose or to direct the disposition of:
 
 
 
(1)
Timken Foundation of Canton: 4,652,481
 
 
 
(2)
Ward J. Timken: 459,563
 
 
 
(3)
Joy A. Timken: 47,417
 
 
 
(4)
W.R. Timken, Jr.: 103,465
 
 
 
(5)
Ward J. Timken, Jr.: 697,302
 
 
 
(6)
Robert R. Timken: 13,800
 
 
 
(7)
Henry H. Timken, II: 5,013

 
(iv)
Shared power to dispose or to direct the disposition of:
 
 
 
(1)
Timken Foundation of Canton: 0
 
 
 
(2)
Ward J. Timken: 5,156,799
 
 
 
(3)
Joy A. Timken: 5,247,460
 
 
 
(4)
W.R. Timken, Jr.: 4,698,502
 
 
 
(5)
Ward J. Timken, Jr.: 4,714,291
 
 
 
(6)
Robert R. Timken: 4,677,766
 
 
 
(7)
Henry H. Timken, II: 4,664,136

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 o .
 
Not applicable
 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
 
Other persons have the right to receive and, in certain cases, share the right to direct the receipt of the dividends from, and the proceeds from the sale of the Shares identified in this Schedule 13G. All of the trustees share the voting and dispositive power with respect to the 4,652,481 Shares held by the Foundation. All trustees disclaim any beneficial interest in these Shares held by the Foundation.

(i) Ward J. Timken – 504,318 Shares of the securities identified in this Schedule 13G are held by his wife, trusts, or foundations other than the Foundation. He disclaims any beneficial interest in these securities except for 419,750 shares held in trust in which he has a one-sixth interest as a lifetime income beneficiary.

(ii) Joy A. Timken – 594,979 Shares of the securities identified in this Schedule 13G are held by her husband, trusts, or foundations other than the Foundation. She disclaims any beneficial interest in these securities.

(iii) W.R. Timken, Jr – 46,021 Shares of the securities identified in this Schedule 13G are held by trusts, or foundations other than the Foundation. He disclaims any beneficial interest in these securities.

(iv) Ward J. Timken, Jr. – 61,810 Shares of the securities identified in this Schedule 13G are held by his wife or trusts. He disclaims any beneficial interest in these securities except for 53,000 shares held in trust in which he is a lifetime income beneficiary.

(v) Robert R. Timken - 25,285 Shares of the securities identified in this Schedule 13G are held by his wife or trusts. He disclaims any beneficial interest in these securities except for 19,250 shares held in trust in which he is a lifetime income beneficiary.

(vi) Henry H Timken II - 11,655 Shares of the securities identified in this Schedule 13G are held by trusts. He disclaims any beneficial interest in these securities except for 7,500 shares held in trust in which he is a lifetime income beneficiary.
 
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
 
This statement is being filed by the Foundation, an Ohio Private Charitable Foundation, and its voting trustees, Ward J. Timken, Joy A. Timken, W.R. Timken, Jr. Ward J. Timken, Jr, Robert R. Timken, and Henry H. Timken, II. They are voting as a group only with respect to the shares held by the Foundation. All other shares with shared power are reported individually, as detailed in Item 6.
 
Item 9.
Notice of Dissolution of Group
 
Not applicable
 
 
 

 
 
 
Item 10.
Certification
  
Not applicable.
 
 

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.
 
 
 The Timken Foundation of Canton
 
    
Date: February 12, 2021
By:
/s/  Mark Scheffler 
   Name: Mark Scheffler 
   Title:  Executive Director 
    
 
 
 
 The Timken Foundation of Canton
 
    
Date: February 12, 2021
By:
/s/  Ward J. Timken 
   Name: Ward J. Timken 
   Title:  Trustee 
    
 
 
 
 The Timken Foundation of Canton
 
    
Date: February 12, 2021
By:
/s/  Joy A. Timken 
   Name: Joy A. Timken 
   Title:  Trustee 
    
 
 
 
 The Timken Foundation of Canton
 
    
Date: February 12, 2021
By:
/s/  W.R.Timken, Jr. 
   Name: W.R.Timken, Jr. 
   Title:  Trustee 
    
 
 
 
 The Timken Foundation of Canton
 
    
Date: February 12, 2021
By:
/s/  Ward J. Timken, Jr. 
   Name: Ward J. Timken, Jr. 
   Title:  Trustee 
    
 
 
 
By:
 The Timken Foundation of Canton
 
    
Date: February 12, 2021
/s/  Robert R. Timken 
   Name: Robert R. Timken 
   Title:  Trustee 
    
 
 
 
 The Timken Foundation of Canton
 
    
Date: February 12, 2021
By:
/s/  Henry H. Timken, II 
   Name: Henry H. Timken, II 
   Title:  Trustee 
    
 
Footnotes:

Attention:
Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)