SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report:
December 19, 1996
SALOMON INC
(Exact name of registrant as specified in its charter)
Delaware I-4346 22-1660266
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
Seven World Trade Center, New York, New York 10048
(Address of Principal Executive Offices) (Zip Code)
(212) 783-7000
(Registrant's Telephone No.)
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Item 5. Other Events
On December 2, 1996, Salomon Brothers Inc as representative of the
underwriters closed on its full overallotment option to purchase an
additional $60 million aggregate principal amount of Berkshire
Hathaway Inc.'s 1.00% Senior Exchangeable Notes due December 2,
2001. The overallotment exercise brought the principal amount of
the Note offering to $500 million. Assuming that Berkshire were to
deliver the maximum number of shares of Salomon Inc's common stock
deliverable upon exchange of the Notes, Berkshire would
beneficially own 12,545,437 shares of Salomon's common stock,
representing approximately 10.4% of the outstanding voting power of
Salomon.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Salomon Inc
(Registrant)
Date: December 19, 1996 By: /s/ Richard J. Carbone
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Controller
