SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Schultze Master Fund, Ltd.

(Last)

(First)

(Middle)

C/O SCHULTZE ASSET MANAGEMENT, LLC

3000 WESTCHESTER AVENUE

(Street)

PURCHASE

10577

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
OGLEBAY NORTON CO /OHIO/ [ OGBY.OB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $.01 par value	02/17/2005		S		44,913	D	$14.1992	351,879	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	02/18/2005		S		44,912	D	$14.0992	306,967	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	02/25/2005		S		95,000	D	$13.6047	211,967	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	03/17/2005		S		1,328	D	$16.0582	210,639	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	03/18/2005		S		19,841	D	$15.9353	190,798	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	03/22/2005		S		33,387	D	$15.9939	157,411	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	03/23/2005		S		4,729	D	$15.9263	152,682	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	03/28/2005		S		22,867	D	$16.0802	129,815	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	03/29/2005		S		19,435	D	$16.1287	110,380	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	03/31/2005		S		3,566	D	$16.0753	106,814	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	04/04/2005		S		2,279	D	$15.8229	104,535	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	04/05/2005		S		1,761	D	$15.751	102,774	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	04/06/2005		S		2,257	D	$15.5527	100,517	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	04/07/2005		S		4,557	D	$15.5261	95,960	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	04/11/2005		S		2,279	D	$15.5228	93,681	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	04/12/2005		S		14,990	D	$15.4928	78,691	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	04/13/2005		S		9,602	D	$15.2278	69,089	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	04/15/2005		S		9,100	D	$14.7095	59,989	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	04/18/2005		S		7,891	D	$14.266	52,098	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	04/19/2005		S		4,560	D	$14.2461	47,538	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	04/20/2005		S		6,477	D	$14.1771	41,061	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	04/21/2005		S		912	D	$14.133	40,149	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	04/22/2005		S		2,281	D	$14.1428	37,868	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	04/25/2005		S		7,866	D	$13.9487	30,002	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	04/28/2005		S		15,855	D	$13.513	14,147	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	05/02/2005		S		2,282	D	$13.4329	11,865	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	05/03/2005		S		1,825	D	$13.1962	10,040	D⁽¹⁾⁽²⁾
Common Stock, $.01 par value	05/03/2005		S		10,040	D	$12.948	0	D⁽¹⁾⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

Schultze Master Fund, Ltd.

(Last)

(First)

(Middle)

C/O SCHULTZE ASSET MANAGEMENT, LLC

3000 WESTCHESTER AVENUE

(Street)

PURCHASE

10577

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Schultze Asset Management, LLC

(Last)

(First)

(Middle)

3000 WESTCHESTER AVENUE

(Street)

PURCHASE

10577

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Schultze George J

(Last)

(First)

(Middle)

C/O SCHULTZE ASSET MANAGEMENT, LLC

3000 WESTCHESTER AVENUE

(Street)

PURCHASE

10577

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The reporting persons disclaim beneficial ownership of these shares except to the extent of the reporting persons' pecuniary interest in these shares.

2. Schultze Master Fund, Ltd., directly beneficially owns these shares; Schultze Asset Management, LLC indirectly beneficially owns these shares by its ownership of a percentage of Schultze Partners, LP and its role as General Partner of Schultze Partners, LP. George J. Schultze controls Schultze Asset Management, LLC.

	/s/ George J. Schultze, Director, on behalf of Schultze Master Fund, Ltd.	06/13/2005
	/s/ George J. Schultze, Managing Member, on behalf of Schultze Asset Management, LLC	06/13/2005
	/s/ George J. Schultze	06/13/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.