<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2004-08-09</periodOfReport>

    <dateOfOriginalSubmission>2004-08-10</dateOfOriginalSubmission>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001001606</issuerCik>
        <issuerName>BLOUNT INTERNATIONAL INC</issuerName>
        <issuerTradingSymbol>BLT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000806085</rptOwnerCik>
            <rptOwnerName>LEHMAN BROTHERS HOLDINGS INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>745 SEVENTH AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10019</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>See footnote</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-08-09</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F2"/>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>29569.05</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2001-03-02</value>
            </exerciseDate>
            <expirationDate>
                <value>2013-03-02</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, par value $.01</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1971270</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">$29,569,051.31 aggregate principal amount of Convertible Preferred Equivalent Securities Due 2013 (the &quot;Securities&quot;) that bore interest at 12% per annum, compounding annually.  Until the fifth anniversary of the original issuance, the Securities paid interest in additional Securities rather than cash.</footnote>
        <footnote id="F2">The reported securities were called for redemption by the Issuer.</footnote>
        <footnote id="F3">Redemption price of $30,049,051.31 for entire issue.</footnote>
        <footnote id="F4">This form is a joint filing with the following affiliates of the Reporting Person: Lehman Brothers Inc., a Delaware corporation (&quot;LBI&quot;) LB I Group Inc., a Delaware corporation (&quot;LB I Group&quot;) Lehman Brothers MBG Partners 1999 (A) L.P., a Delaware limited liability partnership (&quot;MBG 1999 (A)&quot;) Lehman Brothers MBG Partners 1999 (B) L.P., a Delaware limited liability partnership (&quot;MBG 1999 (B)&quot;) Lehman Brothers MBG Partners 1999 (C) L.P., a Delaware limited liability partnership (&quot;MBG 1999 (C)&quot;)</footnote>
        <footnote id="F5">Lehman Brothers Capital Partners IV, L.P., a Delaware limited partnership (&quot;Capital Partners IV&quot;) Lehman Brothers Capital Partners III, L.P., a Delaware limited partnership (&quot;Capital Partners III&quot;) Lehman Brothers Merchant Banking Partners II Inc., a Delaware corporation (&quot;LB MBP II Inc.&quot;) Lehman Brothers Merchant Banking Partners II L.P., a Delaware limited partnership (&quot;LB MBP II&quot;) Lehman Brothers Offshore Partners II Ltd., a Bermuda corporation (&quot;LB Offshore II Ltd.&quot;) Lehman Brothers Offshore Investment Partners II L.P., a Bermuda limited partnership (&quot;LB OIP II&quot;) LB Blount Investment SPV LLC, a Delaware limited liability company (&quot;LB Blount SPV&quot;) LBI is a wholly-owned subsidiary of Holdings and the direct 100% parent of LB I Group. LB I Group is a wholly-owned subsidiary of LBI and is the general partner of Capital Partners IV, MBG 1999 (A), MBG 1999 (B) and MBG 1999 (C). MBG 1999 (A) is a limited partnership, the general partner of which is LB I Group.</footnote>
        <footnote id="F6">MBG 1999 (B) is a limited partnership, the general partner of which is LB I Group. MBG 1999 (C) is a limited partnership, the general partner of which is LB I Group. Capital Partners IV is a limited partnership, the general partner of which is LB I Group. Capital Partners III is a limited partnership, the general partner of which is Holdings. LB MBP II Inc. is a wholly-owned subsidiary of Holdings and the general partner of LB MBP II and a General partner of LB OIP II. LB MBP II is a limited partnership, the general partner of which is LB MBP II Inc. LB Offshore II Ltd. is a wholly-owned subsidiary of Holdings and a general partner of LB OIP II. LB OIP II is a limited partnership, the general partners of which are LB Offshore II Ltd. and LB MBP II Inc. All of the shares of Blount reported herein by the Reporting Persons were directly owned by LB Blount SPV.</footnote>
        <footnote id="F7">LB MBP II owns approximately 41.4% of the equity interests of LB Blount SPV. LB OIP II owns 27.0% of the equity interests of LB Blount SPV. Capital Partners III owns approximately 5.4% of the equity interests of LB Blount SPV. Capital Partners IV owns approximately 15.0% of the equity interests of LB Blount SPV. LB I Group owns approximately 7.1% of the equity interests of LB Blount SPV. MBG 1999 (A) owns approximately 3.6% of the equity interests of LB Blount SPV. MBG 1999 (B) owns approximately 0.4% of the equity interests of LB Blount SPV. MBG 1999 (C) owns approximately 0.1% of the equity interests of LB Blount SPV.</footnote>
    </footnotes>

    <remarks>JOINT FILER INFORMATION

Title of Security: 12% Convertible Preferred Equivalent Securities Due 2013 (the &quot;Securities&quot;)
Issuer &amp; Ticker Symbol: Blount International, Inc. (BLT)
Designated Filer: Lehman Brothers Holdings Inc.
Other Joint Filer(s):
Lehman Brothers Inc.
745 Seventh Avenue
New York, New York 10019
LB I Group Inc.
745 Seventh Avenue
New York, New York 10019
Lehman Brothers MBG Partners 1999 (A) L.P.
745 Seventh Avenue
New York, New York 10019
Lehman Brothers MBG Partners 1999 (B) L.P.
745 Seventh Avenue
New York, New York 10019
Lehman Brothers MBG Partners 1999 (C) L.P.
745 Seventh Avenue
New York, New York 10019
Lehman Brothers Capital Partners IV, L.P.
745 Seventh Avenue
New York, New York 10019
Lehman Brothers Capital Partners III, L.P.
745 Seventh Avenue
New York, New York 10019
Lehman Brothers Merchant Banking Partners II Inc.
745 Seventh Avenue
New York, New York 10019
Lehman Brothers Merchant Banking Partners II L.P.
745 Seventh Avenue
New York, New York 10019
Lehman Brothers Offshore Partners II Ltd.
745 Seventh Avenue
New York, New York 10019
Lehman Brothers Offshore Investment Partners II L.P.
745 Seventh Avenue
New York, New York 10019
LB Blount Investment SPV LLC
Lehman Brothers Offshore Partners II Ltd.
745 Seventh Avenue
New York, New York 10019
Date of Event Requiring Statement: August 9, 2004
Signature on behalf of Other Joint Filer(s):
/s/ Oliver Budde
Vice President and Authorized Signatory</remarks>

    <ownerSignature>
        <signatureName>/s/ Oliver Budde</signatureName>
        <signatureDate>2004-08-13</signatureDate>
    </ownerSignature>
</ownershipDocument>

