-----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, NBoHSH03XEvjBgFwB386GL1y0R0ehoDH3g2DzLX+siNNfrrZHSr3EJWDGx46CQhY xxrsP5qremL4YV6Uzxf5gQ== 0000072971-96-000056.txt : 19960208 0000072971-96-000056.hdr.sgml : 19960208 ACCESSION NUMBER: 0000072971-96-000056 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960207 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VALSPAR CORP CENTRAL INDEX KEY: 0000102741 STANDARD INDUSTRIAL CLASSIFICATION: PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS [2851] IRS NUMBER: 362443580 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-10689 FILM NUMBER: 96512398 BUSINESS ADDRESS: STREET 1: 1101 THIRD ST SOUTH CITY: MINNEAPOLIS STATE: MN ZIP: 55415 BUSINESS PHONE: 6123757845 MAIL ADDRESS: STREET 1: 1101 THIRD STREET SOUTH CITY: MINNEAPOLIS STATE: MN ZIP: 55415 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NORWEST CORP CENTRAL INDEX KEY: 0000072971 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 410449260 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: NORWEST CTR STREET 2: SIXTH & MARQUETTE CITY: MINNEAPOLIS STATE: MN ZIP: 55479 BUSINESS PHONE: 6126671234 MAIL ADDRESS: STREET 1: NORWEST TOWER STREET 2: SIXTH & MARQUETTE CITY: MINNEAPOLIS STATE: MN ZIP: 55479 FORMER COMPANY: FORMER CONFORMED NAME: NORTHWEST BANCORPORATION DATE OF NAME CHANGE: 19830516 SC 13G/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 18) Valspar Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 920355 10 4 (CUSIP Number) Check the following box if a fee is being paid with this statement [ ]. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). *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). 13G CUSIP NO. 920355 10 4 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Norwest Corporation Tax Identification No. 41-0449260 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 (5) SOLE VOTING POWER SHARES 772,567 BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 2,910,218 EACH (7) SOLE DISPOSITIVE POWER REPORTING 184,664 PERSON (8) SHARED DISPOSITIVE POWER WITH 3,746,278 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,931,642 10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 17.9% 12) TYPE OF REPORTING PERSON* HC 13G CUSIP NO. 920355 10 4 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Norwest Bank Minnesota, National Association Tax Identification No. 41-0451159 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 (5) SOLE VOTING POWER SHARES 771,747 BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 2,910,218 EACH (7) SOLE DISPOSITIVE POWER REPORTING 183,844 PERSON (8) SHARED DISPOSITIVE POWER WITH 3,746,278 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,930,822 10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 17.9% 12) TYPE OF REPORTING PERSON* BK SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 18) DISCLAIMER: Information in this Schedule 13G is provided solely for the purpose of complying with Sections 13(d) and 13(g) of the Act and regulations promulgated thereunder, and is not to be construed as an admission that Norwest Corporation or any of its subsidiaries is the beneficial owner of the securities covered by this Schedule 13G for any purpose whatsoever. Item 1(a) Name of Issuer: Valspar Corporation Item 1(b) Address of Issuer's Principal Executive Offices: 1101 So. Third St. Minneapolis, MN 55418 Item 2(a) Name of Person Filing: 1. Norwest Corporation 2. Norwest Bank Minnesota, National Association (NBM) Item 2(b) Address of Principal Business Office: 1. Norwest Corporation Norwest Center Sixth and Marquette Minneapolis, MN 55479-1026 2. Norwest Bank Minnesota, National Association Norwest Center Sixth and Marquette Minneapolis, MN 55479-0001 Item 2(c) Citizenship: 1. Norwest Corporation: Delaware 2. NBM: United States Item 2(d) Title of Class of Securities: Common Stock Item 2(e) CUSIP Number: 920355 10 4 Item 3 The person filing is a: 1. Norwest Corporation: Parent Holding Company in accordance with 240.13d-1(b)(1)(ii)(G) 2. NBM: Bank as defined in Section 3(a)(6) of the Act Item 4 Ownership: (a) Amount beneficially owned: 3,931,642 shares (includes 3,930,822 shares deemed to be beneficially owned by NBM). (b) Percent of class: 17.9% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 772,567 (ii) Shared power to vote or direct the vote: 2,910,218 (iii) Sole power to dispose or to direct the disposition of: 184,664 (iv) Shared power to dispose or direct the disposition of: 3,746,278 Item 5 Ownership of Five Percent or Less of a Class: Not Applicable Item 6 Ownership of More than Five Percent on Behalf of Another Person: Persons other than Norwest Corporation and its subsidiaries have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, such securities. To the knowledge of Norwest Corporation, no interest of any such person represents more than 5% of the class. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: See Attachment A Item 8 Identification and Classification of Members of the Group: Not Applicable Item 9 Notice of Dissolution of Group: Not Applicable Item 10 Certification: By signing below, I 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. 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: February 6, 1996 NORWEST CORPORATION By: /s/ Laurel A. Holschuh Laurel A. Holschuh, Senior Vice President and Secretary ATTACHMENT A The Schedule 13G to which this attachment is appended is filed on behalf of the subsidiaries listed below, all of which are classified as banks in accordance with Regulation 13d-1(b)(1)(ii)(B), with the exception of Lindeberg Financial Corporation and Norwest Holding Company (together, the "Intermediate Holding Companies"), which are classified as parent holding companies in accordance with Regulation 13d-1(b)(1)(ii)(G). The Intermediate Holding Companies are wholly owned subsidiaries of Norwest Corporation. Norwest Corporation owns 80% of Norwest Bank Minnesota, National Association (NBM). The remaining 20% of NBM is owned by the Intermediate Holding Companies. Lindeberg Financial Corporation Norwest Bank Minnesota, National Association Norwest Bank Montana, National Association Norwest Bank New Mexico, National Association Norwest Holding Company -----END PRIVACY-ENHANCED MESSAGE-----