-----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, OD5pLU6a73S3WmPON4SkEv1OwgyR64mwaKD+jvWP4dKXLyfpQeupbf4snNdzUmtj +sDv4dlWhGdewu19XjuRhg== 0000950130-99-005126.txt : 19990906 0000950130-99-005126.hdr.sgml : 19990906 ACCESSION NUMBER: 0000950130-99-005126 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990826 FILED AS OF DATE: 19990903 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RECOVERY ENGINEERING INC CENTRAL INDEX KEY: 0000818203 STANDARD INDUSTRIAL CLASSIFICATION: REFRIGERATION & SERVICE INDUSTRY MACHINERY [3580] IRS NUMBER: 411557115 STATE OF INCORPORATION: DE FISCAL YEAR END: 0103 FILING VALUES: FORM TYPE: 3 SEC ACT: SEC FILE NUMBER: 000-21232 FILM NUMBER: 99705661 BUSINESS ADDRESS: STREET 1: 9300 NORTH 75TH AVENUE CITY: MINNEAPOLIS STATE: MN ZIP: 55428 BUSINESS PHONE: 6123155500 MAIL ADDRESS: STREET 1: 9300 NORTH 75TH AVENUE CITY: MINNEAPOLIS STATE: MN ZIP: 55428 COMPANY DATA: COMPANY CONFORMED NAME: PROCTER & GAMBLE CO CENTRAL INDEX KEY: 0000080424 STANDARD INDUSTRIAL CLASSIFICATION: SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS [2840] OTHER IRS NUMBER: 310411980 STATE OF INCORPORATION: OH FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 3 BUSINESS ADDRESS: STREET 1: ONE PROCTER & GAMBLE PLZ CITY: CINCINNATI STATE: OH ZIP: 45202 BUSINESS PHONE: 5139831100 3 1 FORM 3 +--------+ | FORM 3 | U.S. SECURITIES AND EXCHANGE COMMISSION +--------+ WASHINGTON, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 (Print or Type Responses) - -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* The Procter & Gamble Company ---------------------------------------------------------------------------- (Last) (First) (Middle) One Procter & Gamble Plaza ---------------------------------------------------------------------------- (Street) Cincinnati, Ohio 45202 ---------------------------------------------------------------------------- (City) (State) (Zip) 2. Date of Event Requiring Statement (Month/Day/Year) 8/26/99 -------------- 3. IRS Identification Number of Reporting Person if an Entity (Voluntary) 31-0411980 -------------- 4. Issuer Name and Ticker or Trading Symbol Recovery Engineering, Inc. ----------------------------------- (Symbol NASDAQ: REIN) --------------------------------- 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] Officer [ ] 10% Owner [X] Other (give title below) (specify below) (See attached) ---------------------------------------------------------------------------- 6. If Amendment, Date of Original (Month/Day/Year) ---------------------------- 7. 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 BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------ 1. Title 2. Amount of 3. Ownership Form: 4. Nature of of Securities Bene- Direct (D) or Indirect Bene- Security ficially Owned Indirect (I) ficial Ownership (Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5) - ------------------------------------------------------------------------------------------------------------------ Common Stock, par value $0.01 per share 1,192,150 (see attached) (I) (see attached) - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------ Reminder: Report on a separate line for each class of securities beneficially SEC 1473 (8-99) owned directly or indirectly. Page 1 of 3 * If the form is filed by more than one reporting person, see Instruction 5(b)(v).
TABLE II--DERIVATIVE SECURITIES BENEFICIALLY OWNED (e.g., puts, calls, warrants, options, convertible securities)
- ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conversion 5. Ownership 6. Nature of In- Security (Instr. 4) cisable and Underlying Derivative Security or Form of direct Bene- Expiration (Instr. 4) Exercise Derivative ficial Date Price Security: Ownership (Month/Day/ of Direct (D) (Instr. 5) Year) Derivative or In- ---------------------------------------------------- Security direct (I) Date Expira- Amount or (Instr. 5) Exer- tion Title Number of cisable Date Shares - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - -----------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: This Initial Statement of Beneficial Ownership on Form 3 (this "Form 3") is being filed by The Procter & Gamble Company, an Ohio corporation ("Procter & Gamble") and Tenzing, Inc. ("Merger Sub") a direct wholly owned subsidiary of Procter & Gamble. On August 26, 1999, Procter & Gamble, Merger Sub and Recovery Engineering, Inc., a Minnesota corporation ("REI") entered into an Agreement and Plan of Merger (the "Merger Agreement") providing for, among other things, the commencement by Merger Sub of a tender offer (the "Offer") to purchase all of the shares of common stock of REI for $35.25 per share in cash without interest and, following the Offer, the merger of REI and Merger Sub (the "Merger"). Simultaneously with the execution and delivery of the Merger Agreement, Procter & Gamble and Merger Sub entered into a Tender and Option Agreement dated as of August 26, 1999 (the "Tender and Option Agreement") with certain shareholders of REI (the "Major Shareholders") as follows: (i) WEC, Inc. (formerly known as Wanner Engineering, Inc.) - 596,100 shares; (ii) William F. Wanner, Jr. - 58,050 shares and 8,000 options exercisable within 60 days; and (iii) Brian F. Sullivan - 408,500 shares and 121,500 options exercisable within 60 days. Under the Tender and Option Agreement, the Major Shareholders have agreed, subject to the terms thereof, to tender all of their shares of common Stock of REI to Merger Sub pursuant to the Offer. The Major Shareholders have also granted Procter & Gamble and Merger Sub a proxy to vote their shares, representing approximately 19.3% of the issued and outstanding shares of common stock of REI as of August 25, 1999, in favor of the Merger. The Major Shareholders have also granted Procter & Gamble and Merger Sub an option to purchase their shares of common stock of REI under certain conditions. Simultaneously with the execution and delivery of the Merger Agreement, Procter & Gamble also entered into a Stock Option Agreement (the "Company Option") pursuant to which REI granted to Procter & Gamble an option to purchase 1,202,875 shares of common stock of REI, subject to the terms thereof. Procter & Gamble and Merger Sub disclaim beneficial ownership of these shares of common stock of REI. The foregoing summary of the Tender and Option Agreement and the Company Option is qualified in its entirety by reference to such agreements, which have been filed as exhibits to the Schedule 13D and the Schedule 14D-1 filed with respect to REI on September 1, 1999.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s Gretchen W. Price 9/2/99 ------------------------------- ----------------- **Signature of Reporting Person Date Gretchen W. Price on behalf of THE PROCTER & GAMBLE COMPANY Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. SEC 1473 (8-99) Page 2 of 3
-2- Joint Filer Information Name: Tenzing, Inc. Address: c/o The Procter & Gamble Company One Procter & Gamble Plaza Designated Filer: The Procter & Gamble Company Issuer & Ticker Symbol: Recovery Engineering, Inc. (REIN) Date of Event Requiring Statement: 8/26/99 Signature: TENZING, INC. By: /s/ Gretchen W. Price ----------------------------- Name: Gretchen W. Price Title: Vice President and Treasurer SEC 1473 (8-99) Page 3of 3 -3- -----END PRIVACY-ENHANCED MESSAGE-----