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Original Schedule 13D
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
IONICS INCORPORATED
(Name of Issuer)
Common Stock, $1.00 Par Value
(Title of Class of Securities)
46221810
(CUSIP Number)
Steven E. Ducommun
Bell, Boyd & Lloyd
70 West Madison Street, Suite 3200
Chicago, IL 60602 (312) 372-1121
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 28, 1993
(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 (X). (A fee
is not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* 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).
Page 1 of 4 Pages
<PAGE>
SCHEDULE 13D
CUSIP No. 46221810
Page 2 of 4 Pages
1 NAME OF REPORTING PERSON: Daniel J. Terra
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: Not applicable
a ( ) b ( )
3 SEC USE ONLY
4 SOURCE OF FUNDS: PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E): ( ) None
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER: 353,000
8 SHARED VOTING POWER: 0
9 SOLE DISPOSITIVE POWER: 353,000
10 SHARED DISPOSITIVE POWER: 0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 353,000
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: ( )
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 5.1
14 TYPE OF REPORTING PERSON: IN
<PAGE>
SCHEDULE 13D
CUSIP No. 46221810
Page 3 of 4 Pages
Item 1. Security and Issuer.
The class of equity securities to which this statement on Schedule 13D
relates is the common stock, $1.00 par value per share (the "Common Stock"), of
Ionics Incorporated (the "Company"), which has its principal executive offices
at 65 Grove Street, Watertown, Massachusetts 02172.
Item 2. Identity and Background.
(a) (b) (c) This statement is being filed by Daniel J. Terra. Mr. Terra's
principal business and office address is 990 Skokie Boulevard, Northbrook,
Illinois 60062. Mr. Terra's principal occupation is as Chairman of the Board of
of Lawter International, Inc., which is engaged in manufacturing printing ink
vehicles and resin.
(d) (e) Mr. Terra has not been, during the last five years, (a) convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors)
or (b) a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction pursuant to which he was or is, as a result of such
proceeding, subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
(f) Mr. Terra is a citizen of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration.
Mr. Terra purchased the Common Stock for a total of $20,548,892.70, all
from his personal funds.
Item 4. Purpose of Transaction.
The purpose of the transaction was the purchase by Mr. Terra of
Common Stock in the ordinary course of business for investment purposes.
Depending upon trading prices of the Common Stock and upon Mr. Terra's personal
financial position and goals from time to time, Mr. Terra may, subject to any
applicable statutory or other limitations, purchase additional Common Stock or
dispose of Common Stock in the open market, in privately negotiated
transactions, or otherwise. Mr. Terra does not have any present plans
or proposals which relate to or would result in any of the following:
(a) the acquisition by any person of additional securities of the Company, or
the disposition of securities of the Company, (b) an extraordinary corporate
transaction, such as a merger, reorganization or liquidation, involving the
Company or any of its subsidiaries, (c) a sale or transfer or a material amount
of assets of the Company or any of its subsidiaries, (d) any change in the
present Board of Directors or management of the Company, including any plans or
proposals to change the number or term of directors or to fill any other
existing vacancies on the board, (e) any material change in the present
capitalization or dividend policy of the Company, (f) any other material change
in the Company's business or corporate structure, (g) changes in the Company's
Restated Certificate of Incorporation or By-Laws or other actions which may
impede the acquisition of control of the Company by any person, (h) causing a
class of securities of the Company to be delisted from a national securities
exchange or to cease to be authorized to be quoted in an interdealer quotation
system of a registered national securities organization, (i) a class of equity
securities of the Company becoming eligible for termination of registration
pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934 or (j) any
action similar to any of those enumerated above. Mr. Terra retains the right
to evaluate his position in the future and change his intent with respect to
any of the foregoing actions.
Item 5. Interest in Securities of the Issuer.
(a) Mr. Terra is the beneficial owner of 353,000 shares of the Common
Stock which is equal to approximately 5.1 percent of the total issued and
outstanding Common Stock.
(b) Mr. Terra has the sole power to vote and dispose of the shares of the
Common Stock beneficially owned by him.
(c) Except as otherwise described herein, Mr. Terra has not engaged in
any transaction in the Common Stock during the past 60 days:
May 12, 1993 10,000 shares $43-3/4
May 28, 1993 10,000 shares $42-1/2
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of Issuer.
Mr. Terra does not have any contracts, arrangements, understandings or
relationships (legal or otherwise) with any person with respect to any
securities of the Company, including but not limited to transfer or voting of
any securities of the Company, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, division of profits or
loss, or the giving or withholding of proxies.
Item 7. Material Filed as Exhibits.
None.
<PAGE>
Page 4 of 4 Pages
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.
Dated: February 8, 1994 /s/ Daniel J. Terra
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Date Signature
