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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
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ZENITH ELECTRONICS CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
989349 10 5
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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).
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CUSIP No. 989349 10 5 13G Page 2 of 7 Pages
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The First National Bank of Chicago 36-0899825
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
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SOLE VOTING POWER
5
NUMBER OF 90 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
2,335,540 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
2,335,540 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,335,630 shares
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
6.85%
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TYPE OF REPORTING PERSON*
12
BK
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CUSIP No. 989349 10 5 13G Page 3 of 7 Pages
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Chicago Corporation 36-2669970
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
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SOLE VOTING POWER
5
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
None except indirectly through one or more subsidiaries as reported
herein. See Item 4.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
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TYPE OF REPORTING PERSON*
12
HC
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Item 1(a). Name of Issuer:
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Zenith Electronics Corporation (the "Company")
Item 1(b). Address of Issuer's Principal Executive Offices:
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1000 Milwaukee Avenue
Glenview, Illinois 60025
Item 2(a). Name of Person Filing:
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First Chicago Corporation ("FCC") is filing this statement on behalf
of itself and its wholly-owned subsidiary, The First National Bank
of Chicago ("FNBC"). Exhibit A attached hereto contains the
agreement of FCC and FNBC to file joint disclosure statements on
Schedule 13G.
Item 2(b). Address of Principal Business Office:
------------------------------------
For FCC and FNBC:
One First National Plaza
Chicago, Illinois 60670
Item 2(c). Citizenship:
-----------
FNBC is a national banking association organized under the laws of
the United States. FCC is a corporation organized under the laws of
the State of Delaware.
Item 2(d). Title of Class of Securities:
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Common Stock (the "Common")
Item 2(e). CUSIP Number
------------
989349 10 5
Item 3. Type of Person Filing:
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(b) FNBC is a Bank as defined in section 3(a)(6) of the Act.
(g) FCC is a Parent Holding Company in accordance with
(S)240.13d-1(b)(ii)(G).
Item 4. Ownership:
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(a)-(b) FNBC holds solely in a fiduciary capacity 2,335,630 shares
of Common of the Company, representing approximately 6.85% of the
Company's outstanding Common. FCC may be deemed to beneficially own
the shares held by FNBC solely due to its ownership of FNBC and its
ownership of American National Bank and Trust Company of Chicago
("ANB") and First Chicago Trust Company of Illinois ("FCT"). ANB
holds solely in a fiduciary capacity 89,449 shares. FCT holds
solely in a fiduciary capacity 2,000
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shares. The shares of Common which FCC may be deemed to
beneficially own solely through its ownership of FNBC, ANB, and FCT
represent 7.11% of the outstanding Common.
(c) See items 5 through 9 and item 11 on pages two and three
hereof. ANB has sole voting power over 42,247 shares, shared voting
power over 43,602 shares and sole dispositive power over 89,449
shares. FCT has sole voting power over 2,000 shares.
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 Items 2(a) and 3.
Item 8. Identification and Classification of Member of the Group:
--------------------------------------------------------
Not applicable.
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.
Disclaimer
- ----------
First Chicago Corporation expressly declares that the filing of this
statement shall not be construed as an admission that First Chicago Corporation,
is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of
1934, the beneficial owner of any securities covered by this statement.
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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.
Date: February 11, 1994
FIRST CHICAGO CORPORATION
/s/ David P. Bolger
By: _______________________
David P. Bolger
Senior Vice President and
Treasurer
THE FIRST NATIONAL BANK OF CHICAGO
/s/ David P. Bolger
By: _______________________
David P. Bolger
Senior Vice President
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EXHIBIT A
AGREEMENT
---------
The undersigned hereby agree, pursuant to (S)240.13d-1(f)(1), that the
statement on Schedule 13G (including all amendments thereto) to which this
Agreement is attached is to be filed on behalf of each of the undersigned and
that First Chicago Corporation may file a Schedule 13G pursuant to Rule 13d-1
under the Securities Exchange Act of 1934, and all amendments to such Schedule,
with respect to shares of Common Stock of Zenith Electronics Corporation.
Date: February 11, 1994
FIRST CHICAGO CORPORATION
/s/ David P. Bolger
By: _______________________
David P. Bolger
Senior Vice President and
Treasurer
THE FIRST NATIONAL BANK OF CHICAGO
/s/ David P. Bolger
By: _______________________
David P. Bolger
Senior Vice President
