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.
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
ALBEMARLE CORPORATION
(Name of Issuer) |
Common Stock
(Title of Class of Securities) |
012653 10 1
(CUSIP Number) |
Floyd D. Gottwald, Jr.
William M. Gottwald
John D. Gottwald
James T. Gottwald
330 South Fourth Street
Richmond, Virginia 23219
Telephone No. 804-788-6000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
Copy to:
John Owen Gwathmey, Esq.
David I. Meyers, Esq.
Troutman Sanders LLP
Troutman Sanders Building
1001 Haxall Point
Richmond, Virginia 23219
February 8, 2008
(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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), 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 §240.13d-7 for other parties to whom copies are to be sent.
* | The remainder of this cover page shall be filled out for a reporting persons 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).
CUSIP No. 012653 10 1 | Page 2 of 10 |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Floyd D. Gottwald, Jr. |
|||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP (a) ¨ (b) x |
|||
3 | SEC USE ONLY
|
|||
4 | SOURCE OF FUNDS
PF |
|||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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
1,402,784 | |
8 SHARED VOTING POWER
None | ||
9 SOLE DISPOSITIVE POWER
1,402,784 | ||
10 SHARED DISPOSITIVE POWER
None |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,402,784 |
|||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
¨ | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.54%* |
|||
14 | TYPE OF REPORTING PERSON
IN |
CUSIP No. 012653 10 1 | Page 3 of 10 |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
William M. Gottwald |
|||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP (a) ¨ (b) x |
|||
3 | SEC USE ONLY
|
|||
4 | SOURCE OF FUNDS
PF |
|||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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
3,473,968 | |
8 SHARED VOTING POWER
831,763 | ||
9 SOLE DISPOSITIVE POWER
3,473,968 | ||
10 SHARED DISPOSITIVE POWER
831,763 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,305,731 |
|||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
¨ | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.74%* |
|||
14 | TYPE OF REPORTING PERSON
IN |
CUSIP No. 012653 10 1 | Page 4 of 10 |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
John D. Gottwald |
|||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP (a) ¨ (b) x |
|||
3 | SEC USE ONLY
|
|||
4 | SOURCE OF FUNDS
PF |
|||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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
2,067,843 | |
8 SHARED VOTING POWER
404,206 | ||
9 SOLE DISPOSITIVE POWER
2,067,843 | ||
10 SHARED DISPOSITIVE POWER
404,206 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,472,049 |
|||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
¨ | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.73%* |
|||
14 | TYPE OF REPORTING PERSON
IN |
CUSIP No. 012653 10 1 | Page 5 of 10 |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
James T. Gottwald |
|||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP (a) ¨ (b) x |
|||
3 | SEC USE ONLY
|
|||
4 | SOURCE OF FUNDS
PF |
|||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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
1,761,677 | |
8 SHARED VOTING POWER
444,509 | ||
9 SOLE DISPOSITIVE POWER
1,761,677 | ||
10 SHARED DISPOSITIVE POWER
444,509 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,206,186 |
|||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
¨ | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.43%* |
|||
14 | TYPE OF REPORTING PERSON
IN |
CUSIP No. 012653 10 1 |
Page 6 of 10 |
* | This Amendment No. 6 (Amendment No. 6) amends and restates the statement on Schedule 13D initially filed on February 23, 2001 with the Securities and Exchange Commission (the SEC) by Floyd D. Gottwald, Jr., William M. Gottwald, John D. Gottwald and James T. Gottwald (collectively, the Filers), as previously amended by Amendment No. 1 thereto filed with the SEC on March 31, 2003, Amendment No. 2 thereto filed with the SEC on October 20, 2004, Amendment No. 3 thereto filed with the SEC on January 25, 2005, Amendment No. 4 filed with the SEC on May 31, 2007 and Amendment No. 5 filed with the SEC on December 7, 2007 (such Schedule 13D as previously amended, the Schedule 13D), with respect to shares of common stock, $.01 par value (the Common Stock), of Albemarle Corporation (the Issuer). The purpose for the filing of this Amendment No. 6 is to update the reported holdings of the Issuers Common Stock by the Filers and to confirm that none of the Filers is a member of a group for purposes of Section 13(d)(3) and Rule 13d-5b of the Securities Exchange Act of 1934, as amended (the Exchange Act). There is no agreement among the Filers with respect to the voting or disposition of their shares of the Issuers Common Stock. To the extent prior filings of this Schedule 13D stated or implied the existence of a group consisting of one or more of the Filers, the Filers hereby disclaim any further membership in any such group. All further filings with respect to transactions in the securities reported upon in this statement on Schedule 13D will be filed, if required, by the Filers separately. As of the date hereof, none of the Filers owns 5% or more of the issued and outstanding shares of Common Stock, and therefore none of the Filers has any continuing requirement to file a statement on Schedule 13D. |
Item 1. | Security and Issuer. |
This statement relates to the Common Stock of the Issuer, a Virginia corporation having its principal executive offices at 330 South Fourth Street, Richmond, Virginia 23219.
Item 2. | Identity and Background. |
This statement on Schedule 13D is being filed on behalf of the Filers.
(a)-(c) The business address of Floyd D. Gottwald, Jr. is 300 Herndon Road, Richmond, Virginia 23229. Floyd D. Gottwald, Jr. is retired.
The business address of William M. Gottwald is 330 South Fourth Street, Richmond, Virginia 23219. The present principal occupation/employment of William M. Gottwald is Chairman of the Board of the Issuer.
The business address of John D. Gottwald is 1100 Boulders Parkway, Richmond, Virginia 23225. The present principal occupation/employment of John D. Gottwald is President and Chief Executive Officer of Tredegar Corporation (Tredegar). The address of Tredegars principal business office is 1100 Boulders Parkway, Richmond, Virginia 23225.
The business address of James T. Gottwald is 3600 River Road West, Goochland, Virginia 23063. The present principal occupation/employment of James T. Gottwald is farming.
(d)-(e) During the last five years, none of the Filers has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding is or was 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.
CUSIP No. 012653 10 1 |
Page 7 of 10 |
(f) The Filers are citizens of the United States of America.
Item 3. | Source and Amount of Funds or Other Consideration. |
This Amendment No. 6 relates to the updating of the number of shares of the Issuers Common Stock owned by the Filers as a result of sales by the Filers and to confirm that none of the Filers is a member of a group.
Item 4. | Purpose of Transaction. |
As of the date hereof, none of the Filers owns 5% or more of the issued and outstanding shares of Common Stock, and therefore none of the Filers has any continuing requirement to file a statement on Schedule 13D. Each of the Filers confirms that he is not a member of a group with respect to the Issuer within the meaning of Section 13(d)(3) and Rule 13d-5b of the Exchange Act.
Each of the Filers intends to hold for investment the shares of the Issuers Common Stock. Each of the Filers intends to continuously review their investment in the Issuer and reserves the right to change their plans or intentions and to take any actions that they may deem appropriate, including, among other things, acquiring additional securities of the Issuer or disposing of securities of the Issuer.
None of the Filers has any plans at the present time to engage in any extraordinary transactions involving the Issuer or any of its subsidiaries, such as a merger, reorganization or liquidation, nor do any of the Filers have any plans at the present time (i) to sell or transfer a material amount of the Issuers assets, (ii) to make any material change in the present capitalization or dividend policy of the Issuer, (iii) to change the board of directors or management of the Issuer, (iv) to make any other material change in the Issuers business or corporate structure, (v) to make any change in the Issuers articles of incorporation or bylaws or other actions that may impede the acquisition of control of the Issuer by any person, (vi) to cause a class of the Issuers securities to be delisted from a national securities exchange or to cease to be authorized to be quoted on an inter-dealer quotation system of a registered national securities association, (vii) to cause a class of equity securities of the Issuer to become eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act, or (viii) any action similar to any of those described in this Item 4.
Item 5. | Interest in Securities of the Issuer. |
(a) Number of share beneficially owned by each of the Filers:
(i) Floyd D. Gottwald, Jr. beneficially owns 1,402,784 shares of Common Stock of the Issuer, constituting 1.54% of such shares outstanding.
(ii) William M. Gottwald beneficially owns 4,305,731 shares of Common Stock of the Issuer, constituting 4.74% of such shares outstanding.
(iii) John D. Gottwald beneficially owns 2,472,049 shares of Common Stock of the Issuer, constituting 2.73% of such shares outstanding.
CUSIP No. 012653 10 1 |
Page 8 of 10 |
(iv) James T. Gottwald beneficially owns 2,206,186 shares of Common Stock of the Issuer, constituting 2.43% of such shares outstanding.
(b) With respect to the shares disclosed in Item 5(a) above1:
(i) | Floyd D. Gottwald has: |
A. | sole power to vote or to direct the vote 1,402,784 |
B. | shared power to vote or to direct the vote None |
C. | sole power to dispose of or to direct the disposition of 1,402,784 |
D. | shared power to dispose of or to direct the disposition of None |
(ii) | William M. Gottwald has: |
A. | sole power to vote or to direct the vote 3,473,968 |
B. | shared power to vote or to direct the vote 831,763 |
C. | sole power to dispose of or to direct the disposition of 3,473,968 |
D. | shared power to dispose of or to direct the disposition of 831,763 |
(iii) | John D. Gottwald has: |
A. | sole power to vote or to direct the vote 2,067,843 |
B. | shared power to vote or to direct the vote 404,206 |
C. | sole power to dispose of or to direct the disposition of 2,067,843 |
D. | shared power to dispose of or to direct the disposition of 404,206 |
(iv) | James T. Gottwald has: |
A. | sole power to vote or to direct the vote 1,761,677 |
B. | shared power to vote or to direct the vote 444,509 |
C. | sole power to dispose of or to direct the disposition of 1,761,677 |
D. | shared power to dispose of or to direct the disposition of 444,509 |
(c) On February 8, 2008, each of (i) William M. Gottwald, John D. Gottwald and James T. Gottwald as Trustees of Floyd, Jr.s Trust (the Trust) under the will of Floyd D. Gottwald, (ii) Floyd D. Gottwald, Jr. and (iii) Westham Partners, L.P., sold (a) an aggregate of 3,000,000 shares of Common Stock of the Issuer from the Trust representing all shares of Common Stock held by the Trust, (b) an aggregate of 300,000 shares of Common Stock from Floyd D. Gottwald, Jr., and (c) an aggregate of 700,000 shares of Common Stock from Westham Partners, L.P. each at a purchase price equal to $37.2174. Conagret Corporation is the general partner of Westham Partners, L.P. William M. Gottwald is the president of Conagret Corporation.
In addition, Floyd D. Gottwald, Jr. and William M. Gottwald made the following open market sales during the past 60 days, respectively:
Floyd D. Gottwald, Jr.
Date of Sale |
Sale Price |
Number of Shares | ||
February 12, 2008 |
$40.0414 | 29,202 | ||
February 13, 2008 |
$40.0039 | 30,798 | ||
February 13, 2008 |
$40.0039 | 100,000 | ||
February 13, 2008 |
$40.0039 | 43,102 | ||
February 14, 2008 |
$40.0000 | 6,898 |
William M. Gottwald
Date of Sale |
Sale Price |
Number of Shares | ||
February 11, 2008 |
$38.1020 | 28,200 | ||
February 11, 2008 |
$38.1400 | 270 |
Other than these transactions and the acquisition of minor amounts of Common Stock pursuant to the employee benefit plans of the Issuer, the disposition of minor amounts of Common Stock as gifts and the distribution of all shares of Common Stock from Westham Partners, L.P. to its partners, the Filers have not engaged in any transactions in the Issuers Common Stock in the past 60 days.
1 |
The amounts below do not include shares held by Merrill Lynch, Pierce, Fenner & Smith Incorporated as Trustee under the savings plan of the Issuer for its employees for the benefit of employees other than the Filers. It also does not include shares held by Frank Russell Trust Company, as Trustee for the Tredegar Corporation Retirement Savings Plan. Shares held by the Trustee under the Issuers savings plan for the benefit of the Filers are included in Items (5)(b)(i)-(iv) above. Shares held under the savings plans of the Issuer and Tredegar are voted by the Trustees in accordance with instructions solicited from employees participating in the plans. If a participating employee does not give the Trustees voting instructions, his or her shares are generally voted by the Trustees in accordance with the recommendations of the Issuers board of directors to its shareholders. |
CUSIP No. 012653 10 1 |
Page 9 of 10 |
(d) Other persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, all 831,763 shares described in Items 5(b)(ii)B. and D., all 404,206 shares described in Items 5(b)(iii)B. and D., and all 444,509 shares described in Items 5(b)(iv)B. and D. However, none of such persons individual interest relates to more than 5% of the class of securities for which this Schedule is filed.
(e) William M. Gottwald ceased to be the beneficial owner of 5% or more of outstanding shares of Common Stock of the Issuer on February 8, 2008. None of the other Filers beneficially owned more than 5% of the outstanding shares of Common Stock of the Issuer.
Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. |
This statement on Schedule 13D had previously been filed on behalf of the Filers because they could have been deemed to be a group for purposes of Rule 13d-1(c) and prior filings of this statement on Schedule 13D even though there was no agreement between or among them with respect to the purchase, sale or retention of the Issuers Common Stock. Pursuant to this Amendment No. 6, the Filers disclaim any further membership in such a group.
There are no contracts, arrangements, understandings or relationships (legal or otherwise) between any of the Filers and any other person with respect to the securities of the Issuer.
Item 7. | Material to be Filed as Exhibits. |
Exhibit 1 | Agreement between Floyd D. Gottwald, Jr., William M. Gottwald, John D. Gottwald and James T. Gottwald with respect to the filing of this Amendment No. 6 to Schedule 13D. |
CUSIP No. 012653 10 1 |
Page 10 of 10 |
SIGNATURES
After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Date: February 14, 2008
/s/ Floyd D. Gottwald, Jr. |
Floyd D. Gottwald, Jr. |
/s/ William M. Gottwald |
William M. Gottwald |
/s/ John D. Gottwald |
John D. Gottwald |
/s/ James T. Gottwald |
James T. Gottwald |
EXHIBIT INDEX
Exhibit 1 |
Agreement between Floyd D. Gottwald, Jr., William M. Gottwald, John D. Gottwald and James T. Gottwald with respect to the filing of this Amendment No. 6 to Schedule 13D. |