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OMB APPROVAL
OMB NUMBER: 3235-0145
Expires: August 31, 1991
Estimated average Burden
hours per response 14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
RMI TITANIUM COMPANY
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
74961H 10 4
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(CUSIP Number)
Check the following box if a fee is being paid with this statement.[ ] (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
* 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 the
disclosures provided in a prior cover page.
The information required in 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).
SEC 1745 (10-88)
Page 1 of 5 pages
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CUSIP No. 74961H 10 4
13G
Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
USX CORPORATION
IRS Employer Identification No. 25-0996816
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) X
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5 SOLE VOTING POWER
6,507,425 (1) - 42.42%
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6 SHARED VOTING POWER
Not applicable.
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7 SOLE DISPOSITIVE POWER
7,826,600 (1) - 51.02%
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8 SHARED DISPOSITIVE POWER
Not applicable.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,826,600
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
Not applicable.
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
51.02
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12 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 5 pages
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Item 1.(a)
The name of the Issuer is RMI Titanium Company
("Issuer").
Item 1.(b)
The address of the Issuer's principal executive offices is
1000 Warren Avenue, Niles, Ohio 44446.
Item 2.(a)
The name of the person filing is USX Corporation ("USX").
Item 2.(b)
USX's principal business office is located at
600 Grant Street, Pittsburgh, Pennsylvania 15219-4776.
Item 2.(c)
USX is a Delaware corporation.
Item 2.(d)
The title of the class of securities of the Issuer held by USX
is "Common Stock."
Item 2. (e)
The CUSIP Number of the subject securities is 74961H 10 4.
Item 3.
Not applicable.
Item 4. Ownership
(a) As of December 31, 1995, USX owned 7,826,600 shares of the
subject securities (hereinafter, the "USX Securities") and did
not have the right to acquire any other securities of the Issuer:
(i) through the exercise of any option, warrant or right; (ii)
through the conversion of a security; (iii) pursuant to the power
to revoke a trust, discretionary account, or similar arrangement;
or (iv) pursuant to the automatic termination of a trust,
discretionary account or similar arrangement.
(b) According to the Issuer, 15,339,893 shares of the subject
securities were outstanding on December 31, 1995. The amount of
shares set forth in Item 4(a) is, therefore, 51.02% of the class
of such securities outstanding on December 31, 1995.
Page 3 of 5 pages
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(c) (i) As of December 31, 1995, USX has the sole power to vote or
direct the vote of 6,507,425(1) shares of the subject
securities.
(ii) As of December 31, 1995, USX did not have shared power to
vote or direct the vote of any securities of the Issuer.
(iii) As of December 31, 1995, USX had the sole power to dispose
of or direct the disposition of 7,826,600 shares of the
subject securities.
(iv) As of December 31, 1995, USX did not have shared power to
dispose of or direct the disposition of any securities of
the Issuer.
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
No person, other than USX, has the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the
sale of, the USX Securities.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
USX does not represent a "group" filing this schedule pursuant to
Rule 13d-1(b)(ii)(H).
Item 9. Notice of Dissolution of Group
Not applicable.
Page 4 of 5 pages
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Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
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.
February 9, 1996
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Date
/s/ G. R. Haggerty
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G. R. Haggerty,
Vice President & Treasurer
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(1) As of December 31, 1995, 1,319,175 shares were held by Mellon Bank,
N.A., as Trustee, pursuant to a Voting Trust Agreement effective August 4, 1994.
See Exhibit 10.1 to the Issuer's report on Form 10-Q for the quarter ended June
30, 1994.
Page 5 of 5 pages
