UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
Fluke Corporation
(Name of Issuer)
Common Stock, Par value $0.25 Per Share
(Title of Class of Securities)
343856 10 0
(CUSIP Number)
W. Loeber Landau
Sullivan & Cromwell
125 Broad Street
New York, New York 10004
(212) 558-4000
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
October 28, 1996
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.
Check the following box if a fee is being paid with the statement |_|.
SEC 1746(12-91)
<PAGE>
SCHEDULE 13D
- ------------------- -------------
CUSIP No. 343856 Page 2 of 5
- ------------------- -------------
- -------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Philips Electronics N.V.
- -------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
2 (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
- -------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
The Netherlands
- -------------------------------------------------------------------------------
SOLE VOTING POWER
7 675,044
------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON WITH ------------------------------
SOLE DISPOSITIVE POWER
9 675,044
------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
675,044
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
00
- -------------------------------------------------------------------------------
-2-
<PAGE>
Item 1. Security and Issuer.
This Amendment No. 4, dated October 30, 1996 (this "Amendment"), to
the Statement on Schedule 13D, dated June 9, 1993 (the "Original Statement"), as
amended, filed by Philips Electronics N.V., a corporation organized under the
laws of The Netherlands ("Philips"), relates to the common stock, par value
$0.25 per share (the "Common Stock"), of Fluke Corporation, formerly known as
John Fluke Mfg. Co., Inc. (the "Issuer"). The information set forth herein
amends and supplements the information set forth in the Original Statement, as
amended. The address of the principal executive offices of the Issuer are
located at 6920 Seaway Boulevard, Everett, Washington 98203.
Item 4. Purpose of Transaction.
Philips acquired the shares of Common Stock beneficially owned by it
for the purpose of investment. Except as otherwise indicated in this Item 4,
Philips has no plan or proposals with respect to the Issuer that relate to or
could result in any of the actions specified in clauses (a) through (j) of Item
4 of Schedule 13D.
Philips intends to review on a continuing basis its investment in the
issuer and, subject to the terms and conditions of the Stock Purchase Agreement
dated May 26, 1993 (the "Stock Purchase Agreement") annexed to the Purchase
Agreement, dated February 26, 1993, which was filed as Exhibit I to the Original
Statement, may increase or decrease such investment. Philips has agreed,
pursuant to the Stock Purchase Agreement, to standstill arrangements and other
restrictions and Philips may only sell such Common Stock pursuant to certain
quantity and timing limitations. Pursuant to the Stock Purchase Agreement, the
Issuer has the right of first refusal to purchase any shares offered for sale by
Philips.
Item 5. Interest in Securities of the Issuer.
(a) and (b). Philips beneficially owns 675,044 shares (7.8%) of the
Common Stock of the Issuer. Philips is deemed to have sole voting and
dispositive power over 675,044 shares of such Common Stock.
(c). On October 15, 1996, 4,000 shares were sold in an open market
transaction for $152,000 ($38.00 per share). On October 16, 1996, 4,000 shares
were sold in an open market transaction for $153,500 ($38.375 per share). On
October 17, 1996, 4,000 shares were sold in an open market transaction for
$155,500 ($38.875 per share). On October 22, 1996, 4,000 shares were sold in an
open market transaction for $152,000 ($38.00 per share). On October 23, 1996,
700 shares were sold in an open market transaction for $26,600 ($38.00 per
share). On October 24, 1996, 4,000 shares were sold in an open market
transaction for $152,000 ($38.00 per share). On October 25, 1996, 4000 shares
were sold in an open market transaction for $152,000 ($38.00 per share).
Pursuant to an agreement on October 28, 1996, 100,000 shares were sold to
Hoefer, Arnett Inc. for $3,800,000 ($38.00 per share). Philips Electronics N.V.
has reduced its beneficial ownership of the Company to 675,044 shares through to
the date of this filing.
-3-
<PAGE>
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: November 1, 1996 PHILIPS ELECTRONICS N.V.,
a Netherlands corporation
By: /s/ D.G. Eustace *
Name: D.G. Eustace
Title: Executive Vice President
*By: /s/ L.A. Bezikos
Name: L.A. Bezikos
Title: Attorney-In-Fact
-4-
