<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1)b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 2)*
Wells Fargo & Company
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
949740 10 4
--------------------------------
(CUSIP Number)
*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).
(Continued on following pages)
Page 1 of 33
<PAGE>
- ----------------------- ----------------------
CUSIP No. 949740 10 4 13G Page 2 of 33 Pages
- ----------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warren E. Buffet
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) /X/
(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
-------------------------------------------------------------
OWNED 6 SHARED VOTING POWER
EACH
REPORTING 6,690,218
-------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH -0-
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
6,690,218
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,718,218
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
- ----------------------- ----------------------
CUSIP No. 949740 10 4 13G Page 3 of 33 Pages
- ----------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Berkshire Hathaway, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) /X/
(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Corporation
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
-------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 6,690,218
-------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH -0-
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
6,690,218
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,690,218
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
HC,CO
- --------------------------------------------------------------------------------
<PAGE>
- ----------------------- ----------------------
CUSIP No. 949740 10 4 13G Page 4 of 33 Pages
- ----------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
National Indemnity Company
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) /X/
(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Nebraska Corporation
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
-------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 4,936,056
-------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH -0-
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,936,056
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,936,056
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.7%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IC
- --------------------------------------------------------------------------------
<PAGE>
- ----------------------- ----------------------
CUSIP No. 949740 10 4 13G Page 5 of 33 Pages
- ----------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
National Indemnity Company of the South
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) /X/
(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida Corporation
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
-------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 23,000
-------------------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
-0-
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
23,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 0.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IC
- --------------------------------------------------------------------------------
<PAGE>
- ----------------------- ----------------------
CUSIP No. 949740 10 4 13G Page 6 of 33 Pages
- ----------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
National Fire and Marine Insurance Company
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) /X/
(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Nebraska Corporation
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
-------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 12,097
-------------------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
-0-
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
12,097
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,097
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 0.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IC
- --------------------------------------------------------------------------------
<PAGE>
- ----------------------- ----------------------
CUSIP No. 949740 10 4 13G Page 7 of 33 Pages
- ----------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Redwood Fire and Casualty Insurance Company
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) /X/
(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Nebraska Corporation
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
-------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 12,097
PERSON WITH -------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
12,097
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,097
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 0.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IC
- --------------------------------------------------------------------------------
<PAGE>
- ----------------------- ----------------------
CUSIP No. 949740 10 4 13G Page 8 of 33 Pages
- ----------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cypress Insurance Company
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) /X/
(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California Corporation
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
-------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 15,000
-------------------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
-0-
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
15,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 0.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IC
- --------------------------------------------------------------------------------
<PAGE>
- ----------------------- ----------------------
CUSIP No. 949740 10 4 13G Page 9 of 33 Pages
- ----------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Columbia Insurance Company
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) /X/
(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Nebraska Corporation
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
-------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 1,272,839
-------------------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
-0-
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,272,839
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,272,839
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IC
- --------------------------------------------------------------------------------
<PAGE>
- ----------------------- ----------------------
CUSIP No. 949740 10 4 13G Page 10 of 33 Pages
- ----------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
National Liability & Fire Insurance Company
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) /X/
(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois Corporation
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
-------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 139,400
-------------------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
-0-
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
139,400
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
139,400
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IC
- --------------------------------------------------------------------------------
<PAGE>
- ----------------------- ----------------------
CUSIP No. 949740 10 4 13G Page 11 of 33 Pages
- ----------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Blue Chip Stamps
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) /X/
(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Corporation
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
-------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 169,340
-------------------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
-0-
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
169,340
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
169,340
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
- ----------------------- ----------------------
CUSIP No. 949740 10 4 13G Page 12 of 33 Pages
- ----------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wesco Financial Corporation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) /X/
(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Corporation
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
-------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 169,340
-------------------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
-0-
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
169,340
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
169,340
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
- ----------------------- ----------------------
CUSIP No. 949740 10 4 13G Page 13 of 33 Pages
- ----------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wesco Holdings Midwest, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) /X/
(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Nebraska Corporation
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
-------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 169,340
-------------------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
-0-
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
169,340
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
169,340
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
- ----------------------- ----------------------
CUSIP No. 949740 10 4 13G Page 14 of 33 Pages
- ----------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wesco-Financial Insurance Company
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) /X/
(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Corporation
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
-------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 129,340
-------------------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
-0-
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
129,340
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
129,340
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IC
- --------------------------------------------------------------------------------
<PAGE>
- ----------------------- ----------------------
CUSIP No. 949740 10 4 13G Page 15 of 33 Pages
- ----------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Precision Steel Warehouse, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) /X/
(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois Corporation
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
-------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 40,000
-------------------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
-0-
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
40,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 0.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
- ----------------------- ----------------------
CUSIP No. 949740 10 4 13G Page 16 of 33 Pages
- ----------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nebraska Furniture Mart, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) /X/
(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Nebraska Corporation
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
-------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 60,486
-------------------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
-0-
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
60,486
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
60,486
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
- ----------------------- ----------------------
CUSIP No. 949740 10 4 13G Page 17 of 33 Pages
- ----------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Fechheimer Bros. Company
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) /X/
(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California Corporation
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
-------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 85,000
-------------------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
-0-
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
85,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
85,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
ITEM 1(a). NAME OF ISSUER:
Wells Fargo & Company
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
420 Montgomery Street
San Francisco, California 94163
ITEM 2(a). NAME OF PERSONS FILING:
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
ITEM 2(c). CITIZENSHIP:
Warren E. Buffett
1440 Kiewit Plaza
Omaha, Nebraska 68131
United States Citizen
Berkshire Hathaway Inc.
1440 Kiewit Plaza
Omaha, Nebraska 68131
Delaware Corporation
National Indemnity Company
3024 Harney Street
Omaha, Nebraska 68131
Nebraska Corporation
National Indemnity Company of the South
3024 Harney Street
Omaha, Nebraska 68131
Florida Corporation
National Fire and Marine Insurance Company
3024 Harney Street
Omaha, Nebraska 68131
Nebraska Corporation
Redwood Fire and Casualty Insurance Company
3024 Harney Street
Omaha, Nebraska 68131
Nebraska Corporation
Cypress Insurance Company
1017 South Fair Oaks Avenue, P.O. Box 7008
Pasadena, California 91109
California Corporation
Page 18 of 33
<PAGE>
Columbia Insurance Company
3024 Harney Street
Omaha, Nebraska 68131
Nebraska Corporation
National Liability & Fire Insurance Company
3024 Harney Street
Omaha, Nebraska 68131
Illinois Corporation
Blue Chip Stamps
5901 South Eastern Avenue
Los Angeles, California 90040
California Corporation
Wesco Financial Corporation
315 East Colorado Boulevard
Pasadena, California 91109
Delaware Corporation
Wesco Holdings Midwest, Inc.
1440 Kiewit Plaza
Omaha, Nebraska 68131
Nebraska Corporation
Wesco-Financial Insurance Company
3024 Harney Street
Omaha, Nebraska 68131
Nebraska Corporation
Precision Steel Warehouse, Inc.
3500 North Wolf Road
Franklin Park, Illinois 60131
Illinois Corporation
Nebraska Furniture Mart, Inc.
700 South 72nd Street
Omaha, Nebraska 68114
Nebraska Corporation
The Fechheimer Bros. Company
4545 Malsbary Road
Cincinnati, Ohio 45252
Delaware Corporation
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
Page 19 of 33
<PAGE>
ITEM 2(e). CUSIP NUMBER:
949740 10 4
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or Dealer registered under Section 15 of the Act:
(b) [ ] Bank as defined in Section 3(a)(6) of the Act:
(c) [x] Insurance Company as defined in Section 3(a)(19) of the Act:
National Indemnity Company
National Indemnity Company of the South
Redwood Fire and Casualty Insurance Company
Cypress Insurance Company
Columbia Insurance Company
National Liability and Fire Insurance Company
Wesco-Financial Insurance Company
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act of 1940:
(e) [ ] Investment Advisor registered under Section 203 of the Investment
Advisers Act of 1940:
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund:
(g) [x] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G):
Berkshire Hathaway Inc.
Warren E. Buffett (an individual who may be deemed to control
Berkshire Hathaway Inc.
(h) [x] Group, in accordance with Rule 13d-1(b)(1)(ii)(H):
See Exhibit A
Page 20 of 33
<PAGE>
ITEM 4. OWNERSHIP
WARREN E. BUFFETT
(a) Amount Beneficially Owned:
6,718,218
(b) Percent of Class:
7.8%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
6,690,218
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
6,690,218
BERKSHIRE HATHAWAY INC.
(a) Amount Beneficially Owned:
6,690,218
(b) Percent of Class:
7.8%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
6,690,218
Page 21 of 33
<PAGE>
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
6,690,218
NATIONAL INDEMNITY COMPANY
(a) Amount Beneficially Owned:
4,936,056
(b) Percent of Class:
5.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
4,936,056
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
4,936,056
NATIONAL INDEMNITY COMPANY OF THE SOUTH
(a) Amount Beneficially Owned:
23,000
(b) Percent of Class:
Less than 0.1%
Page 22 of 33
<PAGE>
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
23,000
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
23,000
NATIONAL FIRE AND MARINE INSURANCE COMPANY
(a) Amount Beneficially Owned:
12,097
(b) Percent of Class:
Less than 0.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
12,097
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
12,097
Page 23 of 33
<PAGE>
REDWOOD FIRE AND CASUALTY INSURANCE COMPANY
(a) Amount Beneficially Owned:
12,097
(b) Percent of Class:
Less than 0.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
12,097
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
12,097
CYPRESS INSURANCE COMPANY
(a) Amount Beneficially Owned:
15,000
(b) Percent of Class:
Less than 0.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
15,000
Page 24 of 33
<PAGE>
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
15,000
COLUMBIA INSURANCE COMPANY
(a) Amount Beneficially Owned:
1,272,839
(b) Percent of Class:
1.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
1,272,839
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
1,272,839
NATIONAL LIABILITY AND FIRE INSURANCE COMPANY
(a) Amount Beneficially Owned:
139,400
(b) Percent of Class:
0.2%
Page 25 of 33
<PAGE>
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
139,400
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
139,400
BLUE CHIP STAMPS
(a) Amount Beneficially Owned:
169,340
(b) Percent of Class:
0.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
169,340
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
169,340
Page 26 of 33
<PAGE>
WESCO FINANCIAL CORPORATION
(a) Amount Beneficially Owned:
169,340
(b) Percent of Class:
0.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
169,340
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
169,340
WESCO HOLDINGS MIDWEST, INC.
(a) Amount Beneficially Owned:
169,340
(b) Percent of Class:
0.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
169,340
Page 27 of 33
<PAGE>
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
169,340
WESCO-FINANCIAL INSURANCE COMPANY
(a) Amount Beneficially Owned:
129,340
(b) Percent of Class:
0.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
129,340
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
129,340
PRECISION STEEL WAREHOUSE, INC.
(a) Amount Beneficially Owned:
40,000
(b) Percent of Class:
Less than 0.1%
Page 28 of 33
<PAGE>
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
40,000
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
40,000
NEBRASKA FURNITURE MART, INC.
(a) Amount Beneficially Owned:
60,486
(b) Percent of Class:
0.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
60,486
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
60,486
Page 29 of 33
<PAGE>
THE FECHHEIMER BROS. COMPANY
(a) Amount Beneficially Owned:
85,000
(b) Percent of Class:
0.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
85,000
(iii) sole power to dispose or direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
85,000
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.
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
See Exhibit A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
See Exhibit A
Page 30 of 33
<PAGE>
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable
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 purpose or effect.
SIGNATURES
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.
Dated this 13th day of February, 1998
/s/ Warren E. Buffett
- -------------------------
Warren E. Buffett
BERKSHIRE HATHAWAY INC. NATIONAL INDEMNITY COMPANY
By /s/ Warren E. Buffett By /s/ Warren E. Buffett
----------------------- ----------------------------
Warren E. Buffett Warren E. Buffett
Chairman of the Board Chairman of the Board
NATIONAL INDEMNITY COMPANY COLUMBIA INSURANCE COMPANY
OF THE SOUTH
By /s/ Warren E. Buffett By /s/ Warren E. Buffett
----------------------- ----------------------------
Warren E. Buffett Warren E. Buffett
Chairman of the Board Chairman of the Board
Page 31 of 33
<PAGE>
NATIONAL FIRE AND MARINE REDWOOD FIRE AND CASUALTY
INSURANCE COMPANY INSURANCE COMPANY
CYPRESS INSURANCE COMPANY
By /s/ Warren E. Buffett NATIONAL LIABILITY AND FIRE
-----------------------
Warren E. Buffett INSURANCE COMPANY
Chairman of the Board
BLUE CHIP STAMPS
WESCO FINANCIAL COPRORATION
WESCO HOLDINGS MIDWEST, INC.
WESCO-FINANCIAL INSURANCE
COMPANY
PRECISION STEEL WAREHOUSE,
INC.
THE FECHHEIMER BROS. COMPANY
NEBRASKA FURNITURE MART, INC.
By /s/ Warren E. Buffett
----------------------------
Warren E. Buffett
Attorney-in-Fact
Page 32 of 33
<PAGE>
EXHIBIT A
RELEVANT SUBSIDIARIES OF PARENT HOLDING COMPANY
MEMBERS OF THE FILING GROUP
PARENT HOLDING COMPANY:
Berkshire Hathaway Inc.
Warren E. Buffett (an individual who may be deemed to control Berkshire
Hathaway Inc.
RELEVANT SUBSIDIARIES THAT ARE INSURANCE COMPANIES AS DEFINED IN SECTION
3(a)(19) OF THE ACT:
National Indemnity Company
National Indemnity Company of the South
National Fire and Marine Insurance Company
Redwood Fire and Casualty Insurance Company
Cypress Insurance Company
Columbia Insurance Company
National Liability and Fire Insurance Company
Wesco-Financial Insurance Company
SUBSIDIARIES DIRECLY OWNING WELLS FARGO COMMON STOCK
THAT ARE NOT INSURANCE COMPANIES:
Precision Steel Warehouse, Inc.
Nebraska Furniture Mart, Inc.
The Fechheimer Bros. Company
Page 33 of 33
