<PAGE>
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4 OMB APPROVAL
-----------------------------
[_] Check this box if no longer OMB NUMBER: 3235-0287
subject to Section 16. Form 4 Expires: December 31, 2001
or Form 5 obligations may Estimated average burden
continue. SEE Instruction 1(b). hours per response ...... 0.5
-----------------------------
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
Berkshire Hathaway Inc.
--------------------------------------------------------------------------------
(Last) (First) (Middle)
1440 Kiewit Plaza
--------------------------------------------------------------------------------
(Street)
Omaha Nebraska 68131
--------------------------------------------------------------------------------
(City) (State) (Zip)
Justin Industires, Inc. (JSTN)
--------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
--------------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)
--------------------------------------------------------------------------------
4. Statement for Month/Year July 2000
--------------------------------------------------------------------------------
5. If Amendment, Date of Original (Month/Year)
--------------------------------------------------------------------------------
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
----- ------
Officer (give Other (Specify
----- title below) ------ below)
----------------------------------
--------------------------------------------------------------------------------
7. Individual or Joint/Group Filing Reporting (Check Applicable Line)
Form filed by One Reporting Person
----
X Form filed by More than One Reporting Person
-----
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature
(Instr. 3) action action or Disposed of (D) Securities Form: of Indirect
Date Code Beneficially Direct Beneficial
Owned at (D) or Ownership
(Instr. 8) (Instr. 3,4 and 5) End of Month Indirect
(Month/ ------------ -------------------------- ------------ --------- -----------
Day/ Code V Amount (A) or Price (Instr. 3 (I)
Year) (D) and 4) (Instr. 4) (Instr. 4)
-------------------------- ---------- ------ ---- -------- ------ ------ -------------- ------------ -------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 7/25/2000 J/1/ 24,737,927 A $22.00 24,737,927 D
-------------------------- ---------- ------ ---- ---------- ------ ------ -------------- ------------ -------------
Common Stock 8/1/2000 J/2/ V 1,053,702 A $22.00 25,791,629/3/ D
-------------------------- ---------- ------ ---- ---------- ------ ------ -------------- ------------ -------------
-------------------------- ---------- ------ ---- ---------- ------ ------ -------------- ------------ -------------
-------------------------- ---------- ------ ---- ---------- ------ ------ -------------- ------------ -------------
-------------------------- ---------- ------ ---- ---------- ------ ------ -------------- ------------ -------------
-------------------------- ---------- ------ ---- ---------- ------ ------ -------------- ------------ -------------
-------------------------- ---------- ------ ---- ---------- ------ ------ -------------- ------------ -------------
-------------------------- ---------- ------ ---- ---------- ------ ------ -------------- ------------ -------------
-------------------------- ---------- ------ ---- ---------- ------ ------ -------------- ------------ -------------
-------------------------- ---------- ------ ---- ---------- ------ ------ -------------- ------------ -------------
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
*If the form is filed by more than one reporting person, see instruction
4(b)(v).
(Print or Type Responses)
SEC 1473 (8-92)
Page 1 of 3
<PAGE>
<TABLE>
<CAPTION>
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security 2. Conversion 3. Transaction 4. Transaction 5. Number of Derivative 6. Date Exercisable
(Instr. 3) or Exercise Date Code Securities Acquired (A) and Expiration
Price of (Month/Day/ (Instr. 8) or Disposed of (D) Date
Derivative Year) (Instr. 3, 4, and 5) (Month/Day/
Security Year)
--------------- -------------------------- -------------------
Code V (A) (D) Date Expiration
Exer- Date
cisable
------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
</TABLE>
<TABLE>
<CAPTION>
7. Title and Amount of 8. Price of Derivative 9. Number of Derivative 10. Ownership Form 11. Nature of Indirect
Underlying Securities Security (Instr. 5) Securities Beneficially of Derivative Security: Beneficial Ownership
(Instr. 3 and 4) Owned at End of Month Direct (D) or (Instr. 4)
(Instr. 4) Indirect (I) (Instr. 4)
------------------------
Title Amount or
Number of
Shares
------------------------ ---------------------- -------------------------- --------------------------- ------------------------
<S> <C> <C> <C> <C>
------------------------ ---------------------- -------------------------- --------------------------- ------------------------
------------------------ ---------------------- -------------------------- --------------------------- ------------------------
------------------------ ---------------------- -------------------------- --------------------------- ------------------------
------------------------ ---------------------- -------------------------- --------------------------- ------------------------
------------------------ ---------------------- -------------------------- --------------------------- ------------------------
------------------------ ---------------------- -------------------------- --------------------------- ------------------------
------------------------ ---------------------- -------------------------- --------------------------- ------------------------
------------------------ ---------------------- -------------------------- --------------------------- ------------------------
</TABLE>
Explanation of Responses:
1. Acquisition pursuant to a tender of shares in a change of control
transaction.
2. Acquisition pursuant to a merger.
3. As of Aug. 2, 2000.
See attached signature page
_______________________________ ______________
**Signature of Reporting Person Date
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, see Instruction 6 for procedure.
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
*If this form is filed by more than one reporting person, see Instruction
4(b)(v).
SEC 1474 (3-99)
Page 2 of 3
<PAGE>
Joint filer Information
-----------------------
<TABLE>
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
Name: Justin Industries, Inc. Name: Warren B. Buffett
(Successor to J Acquisition Corp.) Address: 1440 Kiewit Plaza
Address: 2821 West 7th Street Omaha, Nebraska 68131
Fort Worth, Texas 76101 Designated Filer: Berkshire Hathaway Inc.
Designated Filer: Berkshire Hathaway Inc. Issuer and Ticker Symbol: Justin Industries, Inc. (JSTN)
Issuer and Ticker Symbol: Justin Industries, Inc. (JSTN) Statement of month/Year. July 2000
Statement for Month/Year: July 2000
-----------------------------------------------------------------------------------------------------------------------------------
Signatures of Reporting Persons
-------------------------------
Berkshire Hathaway Inc.
/s/ Marc D. Hamburg Date: Aug. 10, 2000 /s/ Warren E. Buffett Date: Aug. 10, 2000
-------------------------------- ----------------------------
By: Marc D. Hamburg Warren E. Buffett
Its: Vice President and Chief
Financial Officer
Justin Industries, Inc.
/s/ Richard J. Savitz Date: Aug. 10, 2000
--------------------------------
By: Richard J. Savitz
Its: Senior Vice President and
Chief Financial Officer
Reminder, Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
</TABLE>
Page 3 of 3
