-----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, U4Bsf1U06YatyDStq9cOb4Qzqt99DayDz0/HNEf2XQ+YY5BsJggmAlezSYgNHfnb MaOjKB74aZ6NRfGIkWua9Q== 0000950117-98-000597.txt : 19980324 0000950117-98-000597.hdr.sgml : 19980324 ACCESSION NUMBER: 0000950117-98-000597 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980323 SROS: NYSE GROUP MEMBERS: NEIL D. NICASTRO GROUP MEMBERS: NICASTRO LOUIS J SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WMS INDUSTRIES INC /DE/ CENTRAL INDEX KEY: 0000350077 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] IRS NUMBER: 362814522 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-33326 FILM NUMBER: 98571290 BUSINESS ADDRESS: STREET 1: 3401 N CALIFORNIA AVE CITY: CHICAGO STATE: IL ZIP: 60618 BUSINESS PHONE: 3129611111 MAIL ADDRESS: STREET 1: 3401 N CALIFORNIA AVE CITY: CHICAGO STATE: IL ZIP: 60618 FORMER COMPANY: FORMER CONFORMED NAME: WILLIAMS ELECTRONICS INC DATE OF NAME CHANGE: 19870519 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NICASTRO LOUIS J CENTRAL INDEX KEY: 0001042803 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: CLEFT RD CITY: MILL NECK STATE: NY ZIP: 11765 MAIL ADDRESS: STREET 1: CLEFT RD CITY: MILL NECK STATE: NY ZIP: 11765 SC 13D/A 1 LOUIS J. NICASTRO SC 13D AM. #2 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 2) WMS INDUSTRIES INC. (Name of Issuer) Common Stock, par value $0.50 per share (Title of Class of Securities) 929297109 -------------------------------------------- (CUSIP Number) Louis J. Nicastro Orrin J. Edidin c/o WMS Industries Inc. 3401 North California Avenue Chicago, Illinois 60618 Telephone: (773) 961-1111 -------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 19, 1998 -------------------------------------------- (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 / /. (Page 1 of 5 Pages) CUSIP NO. 929297109 13D PAGE 2 OF 5 PAGES 1. Name Of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) Louis J. Nicastro - ----------------------------------------------------------------------- 2. Check The Appropriate Box If A Member Of A Group (a) / / (b) / / - ----------------------------------------------------------------------- 3. SEC Use Only - ----------------------------------------------------------------------- 4. Source of Funds 00 - ----------------------------------------------------------------------- 5. Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Item 2(d) or 2(e) / / - ----------------------------------------------------------------------- 6. Citizenship Or Place Of Organization United States of America - ----------------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. Sole Voting Power 4,632 -------------------------------------------------------------- 8. Shared Voting Power 6,917,700 -------------------------------------------------------------- 9. Sole Dispositive Power 4,632 -------------------------------------------------------------- 10. Shared Dispositive Power -0- -------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned By Each Reporting Person 6,922,322 - ----------------------------------------------------------------------- 12. Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares / / - ----------------------------------------------------------------------- 13. Percent Of Class Represented By Amount In Row (11) 25.3% - ----------------------------------------------------------------------- 14. Type Of Reporting Person IN - ----------------------------------------------------------------------- CUSIP NO. 929297109 13D PAGE 3 OF 5 PAGES 1. Name Of Reporting Person I.R.S. Identification No. Of Above Person (Entities Only) Neil D. Nicastro - ----------------------------------------------------------------------- 2. Check The Appropriate Box If A Member Of A Group (a) / / (b) / / - ----------------------------------------------------------------------- 3. SEC Use Only - ----------------------------------------------------------------------- 4. Source of Funds Not Applicable - ----------------------------------------------------------------------- 5. Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Item 2(d) or 2(e) / / - ----------------------------------------------------------------------- 6. Citizenship Or Place Of Organization United States of America - ----------------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. Sole Voting Power 1,069,286 -------------------------------------------------------------- 8. Shared Voting Power 6,917,700 -------------------------------------------------------------- 9. Sole Dispositive Power 1,069,286 -------------------------------------------------------------- 10. Shared Dispositive Power -0- -------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned By Each Reporting Person 7,986,986 - ----------------------------------------------------------------------- 12. Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares / / - ----------------------------------------------------------------------- 13. Percent Of Class Represented By Amount In Row (11) 28.1% - ----------------------------------------------------------------------- 14. Type Of Reporting Person IN - ----------------------------------------------------------------------- CUSIP NO. 929297109 13D PAGE 4 OF 5 PAGES This Amendment No. 2 hereby amends the Statement on Schedule 13D, previously filed by Mr. Louis J. Nicastro and Mr. Neil D. Nicastro with respect to the common stock, par value $0.50 per share ("Common Stock"), of WMS Industries Inc., a Delaware corporation (the "Company"). Only the items specifically included below are amended, and the remainder of the Statement on Schedule 13D is unchanged. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Mr. Louis J. Nicastro exercised his options to purchase 629,554 shares of Common Stock on March 19, 1998. The aggregate exercise price for the shares was $13,437,200, and the funds used for this purpose were borrowed from CIBC Oppenheimer Corp. On March 19, 1998, Louis J. Nicastro sold such shares over the New York Stock Exchange pursuant to an S-8 prospectus for an aggregate net sale price, after commissions, of $18,886,620. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Mr. Louis J. Nicastro may be currently deemed the beneficial owner of 6,922,322 shares, or approximately 25.3% of the issued and outstanding shares of Common Stock of the Company (based upon 27,370,661 shares of Common Stock outstanding on March 19, 1998). Mr. Louis J. Nicastro has shared voting power with respect to 6,917,700 of such shares. Mr. Louis J. Nicastro does not have sole or shared dispositive power with respect to these 6,917,700 shares. Mr. Louis J. Nicastro has sole voting and dispositive power with respect to 4,632 of such shares. Mr. Neil D. Nicastro may be currently deemed the beneficial owner of 7,986,986 shares, or approximately 28.1% of the issued and outstanding shares of Common Stock of the Company (based upon 28,377,947 shares of Common Stock, consisting of 27,370,661 shares of Common Stock outstanding on March 19, 1998 and 1,007,286 shares of Common Stock issuable upon the exercise of options deemed to be outstanding for purposes of this calculation). Mr. Nicastro has shared voting power with respect to 6,917,700 of such shares. Mr. Nicastro does not have sole or shared dispositive power with respect to these 6,917,700 shares. Mr. Nicastro has sole voting and dispositive power with respect to 1,069,286 of such shares, 1,007,286 of which may be acquired by Mr. Nicastro pursuant to stock options within 60 days of the date of this Statement on Schedule 13D. Mr. Louis J. Nicastro and, if he is unable to perform his duties under the Proxy Agreement, Mr. Neil D. Nicastro share voting power with respect to 6,917,700 shares of Common Stock with Mr. Sumner M. Redstone, a citizen of the United States of America with a business address at 200 Elm Street, Dedham, Massachusetts 02026, and National Amusements, Inc., a Maryland corporation with a business address at 200 Elm Street, Dedham, Massachusetts 02026. CUSIP NO. 929297109 13D PAGE 5 OF 5 PAGES Based upon information contained in Amendment No. 20, dated January 7, 1997 to the Statement on Schedule 13D filed by Mr. Sumner M. Redstone with the Securities and Exchange Commission (the "Redstone 13D"), Mr. Redstone is currently the beneficial owner, with sole dispositive power and shared voting power, of 3,433,800 shares, or approximately 12.5% of the issued and outstanding Common Stock of the Company (based upon 27,370,661 shares of Common Stock outstanding on March 19, 1998). As a result of his stock ownership in National Amusements, Inc., Mr. Redstone is deemed the beneficial owner of an additional 3,483,900 issued and outstanding shares of Common Stock of the Company, for a total of 6,917,700 shares of Common Stock, or approximately 25.3% of the issued and outstanding shares of Common Stock of the Company (based upon 27,370,661 shares of Common Stock outstanding on March 19, 1998). Based upon information contained in the Redstone 13D, National Amusements, Inc. is currently the beneficial owner, with sole dispositive and shared voting power, of 3,483,900 shares, or approximately 14.4% of the issued and outstanding Common Stock of the Company (based upon 27,370,661 shares of Common Stock outstanding on March 19, 1998). During the past 60 days, the only transaction that either of the reporting persons participated in with respect to the Company's Common Stock was the one reported herein. Signatures After reasonable inquiry and to the best of our knowledge and belief, we certify that the information in this statement is true, complete and correct. /s/ Louis J. Nicastro - ---------------------------------- March 19, 1998 Louis J. Nicastro /s/ Neil D. Nicastro ----------------------------------- March 19, 1998 Neil D. Nicastro -----END PRIVACY-ENHANCED MESSAGE-----