UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
THE TIMKEN COMPANY
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(Name of Issuer)
Common Stock Without Par Value
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(Title of Class of Securities)
887389104
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(CUSIP Number)
Patricia Nachtigal
Senior Vice President, General Counsel
Ingersoll-Rand Company
200 Chestnut Ridge Road
Woodcliff Lake, New Jersey 07677
(201) 573-3473
----------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 15, 2003
----------------------------------------------------------
(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 Sections 240.13d-1(e), 240.13(d)-1(f) or 240.13d-1(g),
check the following box |_|.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.
* 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 disclosures provided in a prior cover page.
The information required on 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).
(Page 1 of 8 Pages)
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Page 2 of 8 Pages
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CUSIP No. 887389104
--------- ---------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ingersoll-Rand Company
13-5156640
--------- ---------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) /_/
(b) /_/
--------- ---------------------------------------------------------------------
3. SEC USE ONLY:
--------- ---------------------------------------------------------------------
4. SOURCE OF FUNDS:
OO
--------- ---------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/_/
--------- ---------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
New Jersey
--------- ---------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0
BENEFICIALLY ------ --------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY EACH 9,395,973
REPORTING ------ --------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
0
------ --------------------------------------------------------
10. SHARED DISPOSITIVE POWER
9,395,973
-------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
9,395,973
-------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES:
/_/
-------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
11.0%
-------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON:
CO
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Page 3 of 8 Pages
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CUSIP No. 887389104
--------- ---------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ingersoll-Rand (Barbados) Holding Incorporated
c/o David King & Co.
First Floor
Trident House
Lower Broad Street
Bridgetown, Barbados
--------- ---------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) /_/
(b) /_/
--------- ---------------------------------------------------------------------
3. SEC USE ONLY:
--------- ---------------------------------------------------------------------
4. SOURCE OF FUNDS:
OO
--------- ---------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/_/
--------- ---------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
Barbados
--------- ---------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0
BENEFICIALLY ------ --------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY EACH 9,395,973
REPORTING ------ --------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
0
------ --------------------------------------------------------
10. SHARED DISPOSITIVE POWER
9,395,973
-------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
9,395,973
-------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES:
/_/
-------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
11.0%
-------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON:
CO
-------------------------------------------------------------------------------
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Page 4 of 8 Pages
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CUSIP No. 887389104
--------- ---------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ingersoll-Rand Global Holding Company Limited
Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
--------- ---------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) /_/
(b) /_/
--------- ---------------------------------------------------------------------
3. SEC USE ONLY:
--------- ---------------------------------------------------------------------
4. SOURCE OF FUNDS:
OO
--------- ---------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/_/
--------- ---------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
Bermuda
--------- ---------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0
BENEFICIALLY ------ --------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY EACH 9,395,973
REPORTING ------ --------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
0
------ --------------------------------------------------------
10. SHARED DISPOSITIVE POWER
9,395,973
-------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
9,395,973
-------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES:
/_/
-------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
11.0%
-------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON:
CO
-------------------------------------------------------------------------------
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Page 5 of 8 Pages
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CUSIP No. 887389104
--------- ---------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ingersoll-Rand Company Limited
Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
--------- ---------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) /_/
(b) /_/
--------- ---------------------------------------------------------------------
3. SEC USE ONLY:
--------- ---------------------------------------------------------------------
4. SOURCE OF FUNDS:
OO
--------- ---------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/_/
--------- ---------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
Bermuda
--------- ---------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0
BENEFICIALLY ------ --------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY EACH 9,395,973
REPORTING ------ --------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
0
------ --------------------------------------------------------
10. SHARED DISPOSITIVE POWER
9,395,973
-------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
9,395,973
-------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES:
/_/
-------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
11.0%
-------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON:
CO
-------------------------------------------------------------------------------
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Page 6 of 8 Pages
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CUSIP No. 887389104
Preamble
--------
This statement amends and supplements the Statement on Schedule 13D
originally filed on February 28, 2003, as amended and supplemented by
Amendment No. 1 to Schedule 13D filed on August 22, 2003 (the "Statement") by
Ingersoll-Rand Company, a New Jersey corporation ("IR"), Ingersoll-Rand
(Barbados) Holding Incorporated ("IRBHI"), a Barbados corporation, in its
capacity as the parent company of IR, Ingersoll-Rand Global Holding Company
Limited ("IRGHC"), a Bermuda corporation, in its capacity as the parent
company of IRBHI and Ingersoll-Rand Company Limited ("IR Bermuda"), a Bermuda
corporation, in its capacity as the parent company of IRGHC (together with IR,
IRBHI and IRGHC, the "Reporting Persons"), with respect to the common stock
without par value (the "Timken Common Stock") of The Timken Company, an Ohio
corporation ("Timken"). Unless otherwise defined herein, terms defined in the
Statement and used herein shall have the meanings given to them in the
Statement.
Item 4. Purpose of Transaction.
----------------------
Item 4 is hereby amended and supplemented by adding the following at
the end thereof:
Also see Item 6 below, the contents of which are incorporated herein
by reference.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of Timken.
--------------------------------
Item 6 is hereby amended and supplemented by adding the following at
the end thereof:
On October 15, 2003, IR entered into a Purchase Agreement with
Timken and Morgan Stanley & Co. Incorporated (the "Underwriter") with respect
to the sale by IR and the purchase by the Underwriter of all of IR's 9,395,973
shares of Timken Common Stock (the "IR Shares") at a purchase price per share
equal to $15.71. The transaction also includes the issue and sale by Timken and
the purchase by the Underwriter of 3,500,000 shares of Timken Common Stock
(the "Timken Shares") at the same purchase price.
Following execution and delivery of the Purchase Agreement, the
Underwriter will make a public offering of the IR Shares and the Timken Shares
at an initial public offering price of $15.85. Timken has filed with the
Securities and Exchange Commission shelf registration statements covering the
registration of the IR Shares and the Timken Shares under the Securities Act
of 1933, as amended, and will file a prospectus relating to the
above-referenced public offering with the Securities and Exchange Commission.
The Underwriter's obligation to consummate the purchase of the IR
Shares and Timken Shares is subject to the satisfaction of certain conditions
set forth in the Purchase Agreement, and is anticipated to occur on October 20,
2003, or such other date not later than ten business days thereafter as shall
be agreed upon by the Underwriter, Timken and IR.
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Page 7 of 8 Pages
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CUSIP No. 887389104
Item 7. Material to be Filed as Exhibits.
--------------------------------
Exhibit Description
------- -----------
1. Purchase Agreement among The Timken Company, Ingersoll-Rand
Company and Morgan Stanley & Co. Incorporated dated as of October 15, 2003.
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Page 8 of 8 Pages
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CUSIP No. 887389104
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.
INGERSOLL-RAND COMPANY
By /s/Timothy R. McLevish
-----------------------
Timothy R. McLevish
Senior Vice President &
Chief Financial Officer
INGERSOLL-RAND (BARBADOS) HOLDING
INCORPORATED
By /s/Ronald G. Heller
-----------------------
Ronald G. Heller
Secretary
INGERSOLL-RAND GLOBAL HOLDING COMPANY
LIMITED
By /s/Ronald G. Heller
-----------------------
Ronald G. Heller
Vice President &
Assistant Secretary
INGERSOLL-RAND COMPANY LIMITED
By /s/Timothy R. McLevish
-------------------------
Timothy R. McLevish
Senior Vice President &
Chief Financial Officer
Dated: October 17, 2003