SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 10)*
The Valspar Corporation
(Name of Issuer)
Common Stock, $0.50 Par Value
(Title of Class of Securities)
920355104
(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).
(Continued on following page(s))
Page 1 of 4 Pages
<PAGE>
CUSIP No. 920355104 13G
1. NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
C. Angus Wurtele
###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER 5. SOLE VOTING POWER 3,771,300
OF SHARES
BENEFICIALLY 6. SHARED VOTING POWER 40,476
OWNED BY EACH
REPORTING 7. SOLE DISPOSITIVE POWER 3,771,300
PERSON WITH
8. SHARED DISPOSITIVE POWER 40,476
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,811,776
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.9%
12. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 4 Pages
<PAGE>
Item 1(a) Name of Issuer: The Valspar Corporation
--------------
Item 1(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
1101 Third Street South
Minneapolis, MN 55415
Item 2(a) Name of Person Filing: See Cover Page Item 1
---------------------
Item 2(b) Address of Principal Business Office or, if none, residence:
------------------------------------------------------------
821 Marquette Avenue, Suite 1700
Minneapolis, MN 55402
Item 2(c) Citizenship: See Cover Page Item 4
-----------
Item 2(d) Title of Class of Securities: Common
----------------------------
Item 2(e) CUSIP No.: See Cover Page
---------
Item 3 Statement Filed Pursuant to Rules 13d-1(b) or 13d-2(b):
-------------------------------------------------------
Not applicable
Item 4(a) Amount Beneficially Owned: See Cover Page Item 9
-------------------------
Item 4(b) Percent of Class: See Cover Page Item 11
----------------
Item 4(c) Number of Shares as to Which Such Person has:
--------------------------------------------
(i) sole power to vote or to direct the vote: See Cover
Page Item 5
(ii) shared power to vote or to direct the vote: See
Cover Page Item 6
(iii) sole power to dispose or to direct the disposition
of: See Cover Page Item 7
(iv) shared power to dispose or to direct the disposition
of: See Cover Page Item 8
Item 5 Ownership of Five Percent or Less of a Class: Not applicable
--------------------------------------------
Page 3 of 4 Pages
<PAGE>
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
---------------------------------------------------------------
Shares reported include 40,476 shares owned by spouse.
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:
---------------------------------------------------------
Not applicable
Item 9 Notice of Dissolution of Group: Not applicable
------------------------------
Item 10 Certification: Not applicable
-------------
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 as of December 31, 1999.
Dated: February 14, 2000
/s/ C. Angus Wurtele
----------------------------------
C. Angus Wurtele
Page 4 of 4 Pages
