UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
Litton Industries, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
538021 10 6
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(CUSIP Number)
Eric J. Draut
Unitrin, Inc.
One East Wacker Drive
Chicago, IL 60601
(312) 661-4520
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 29, 2000
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(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 that is the subject of this Schedule 13D, and is
filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See ss.240.13d-7 for
other parties to whom copies are to be sent.
(Continued on following pages)
Page 1 of 8 Pages
SCHEDULE 13D
CUSIP No. 538021 10 6 Page 2 of 8 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Unitrin, Inc.
95-4255452
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
N/A
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Delaware
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Number of 7. Sole Voting Power
Shares 1,827,893
Beneficially --------------------------------------------------
Owned by 8. Shared Voting Power
Each 10,829,871
Reporting --------------------------------------------------
Person 9. Sole Dispositive Power
With 1,827,893
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10. Shared Dispositive Power
10,829,871
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
12,657,764 (owned directly in part and indirectly through
subsidiaries as noted on pages 3-5)
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
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13. Percent of Class Represented by Amount in Row (11)
27.8%
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14. Type of Reporting Person (See Instructions)
HC, CO
CUSIP No. 538021 10 6 Page 3 of 8 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Trinity Universal Insurance Company
75-0620550
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
WC, AF
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Texas
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Number of 7. Sole Voting Power
Shares 0
Beneficially --------------------------------------------------
Owned by 8. Shared Voting Power
Each 5,052,686
Reporting --------------------------------------------------
Person 9. Sole Dispositive Power
With 0
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10. Shared Dispositive Power
5,052,686
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
5,052,686
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
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13. Percent of Class Represented by Amount in Row (11)
11.1%
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14. Type of Reporting Person (See Instructions)
IC, CO
CUSIP No. 538021 10 6 Page 4 of 8 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
United Insurance Company of America
36-1896670
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
WC, AF
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Illinois
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Number of 7. Sole Voting Power
Shares 0
Beneficially --------------------------------------------------
Owned by 8. Shared Voting Power
Each 5,450,988
Reporting --------------------------------------------------
Person 9. Sole Dispositive Power
With 0
--------------------------------------------------
10. Shared Dispositive Power
5,450,988
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
5,450,988
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
----------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
12.0%
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14. Type of Reporting Person (See Instructions)
IC, CO
CUSIP No. 538021 10 6 Page 5 of 8 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Union National Life Insurance Company
72-0340280
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
WC, AF
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Louisiana
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Number of 7. Sole Voting Power
Shares 0
Beneficially --------------------------------------------------
Owned by 8. Shared Voting Power
Each 326,197
Reporting --------------------------------------------------
Person 9. Sole Dispositive Power
With 0
--------------------------------------------------
10. Shared Dispositive Power
326,197
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
326,197
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
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13. Percent of Class Represented by Amount in Row (11)
0.7%
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14. Type of Reporting Person (See Instructions)
IC, CO
Amendment No. 3 to Schedule 13D Page 6 of 8 Pages
This Amendment No. 3 amends and supplements the Schedule 13D
originally filed by Unitrin, Inc., Trinity Universal Insurance Company and
United Insurance Company of America, dated April 6, 1990, as amended by
Amendment No. 1 thereto, dated August 20, 1993 and Amendment No. 2 thereto,
dated October 5, 1995. Terms used herein and not otherwise defined have the
meanings given such terms in the original Schedule 13D, dated April 6,
1990.
Item 1. Security and Issuer
The class of equity securities to which this Schedule 13D relates is
the common stock, par value $1.00 per share (the "Common Stock"), of Litton
Industries, Inc., a Delaware corporation (the "Issuer"). The principal
executive offices of the Issuer are located at 21240 Burbank Boulevard,
Woodland Hills, California 91367-6675.
Item 4. Purpose of Transaction
Item 4 of the Schedule 13D is hereby restated in its entirety as follows:
On December 21, 2000, the Issuer and Northrop Grumman Corporation
("Northrop") announced that they have entered into an agreement pursuant to
which Northrop would acquire for cash all of the Issuer's outstanding
shares for $80 per common share and $35 per Series B Preferred Share (the
"Transaction"). In light of this announcement, Unitrin is carefully
evaluating its investment in the Issuer and its alternatives with respect
to such investment and may consider, make proposals with respect to, and/or
enter into discussions regarding, one or more of the transactions and
events specified in clauses (a) through (j) of Item 4 of Schedule 13D. Such
actions may include, among other things, (i) the disposition of all or a
portion of the securities of the Issuer held by Unitrin and its
subsidiaries and (ii) making proposals and/or entering into discussions
regarding the proposed Transaction and possible alternatives thereto. There
can be no assurance that Unitrin will take any such actions or that, if
taken, any such actions will result in any transaction in the Issuer's
securities other than the proposed Transaction, or any change in the terms
of the proposed Transaction.
Item 5. Interest in Securities of the Issuer
On April 27, 1999, Unitrin's wholly-owned subsidiary, Trinity,
transferred to Union National Life Insurance Company ("Union"), a
wholly-owned subsidiary of United, 326,197 shares of the Issuer's Common
Stock at a price per share equal to $61-5/16 (the closing price of the
Issuer's Common Stock on April 26, 1999), which decreased Trinity's
ownership of such Common Stock to 5,052,686 shares. Accordingly, Unitrin's
total beneficial ownership, direct and indirect, of the Issuer's Common
Stock remains at 12,657,764 shares.
Except as set forth above, none of Unitrin, Trinity, United or Union
has acquired or disposed of any shares of the Issuer's Common Stock since
October 5, 1995, the date of Amendment No. 2 to the Schedule 13D. However,
the collective percentage ownership by Unitrin, Trinity, United and Union
(the "Unitrin Ownership Percentage") of the Issuer's Common Stock has
increased as the result of a change in the outstanding number of shares of
the Issuer's Common Stock since October 5, 1995. The result of this change
is that the Unitrin Ownership Percentage in the Issuer's Common Stock has
increased from 27.4% as reported in Amendment No. 2 to the Schedule 13D to
27.8% as of the date of this Amendment. To the best knowledge and belief of
the filing persons, during the past sixty (60) days no filing person has
entered into any transactions involving the Issuer's Common Stock.
Item 7. Material to be Filed as Exhibits
Attached is a copy of an Agreement authorizing Unitrin to file a
joint statement.
Page 7 of 8 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.
DATE: December 29, 2000 UNITRIN, INC.
By: /s/ Eric J. Draut
--------------------------
Eric J. Draut
Senior Vice President, Chief
Financial Officer and Treasurer
Page 8 of 8 Pages
AGREEMENT
UNITRIN, INC., TRINITY UNIVERSAL INSURANCE COMPANY, UNITED
INSURANCE COMPANY OF AMERICA and UNION NATIONAL LIFE
INSURANCE COMPANY by their undersigned officers hereby agree
that Unitrin, Inc. shall file or amend a joint statement on
behalf of all such companies whenever any or all are
required by Section 13(d) of the Securities Exchange Act of
1934, as amended, and the regulations issued pursuant
thereto, to file or amend any statement concerning the
ownership of stock of LITTON INDUSTRIES, INC.
Date: December 29, 2000
UNITRIN, INC.
By: /s/ Richard C. Vie
----------------------------------
Richard C. Vie, Chairman and Chief
Executive Officer
TRINITY UNIVERSAL INSURANCE COMPANY
By: /s/ John Boschelli
---------------------------------
John Boschelli, Assistant Treasurer
UNITED INSURANCE COMPANY OF AMERICA
By: /s/ John Boschelli
---------------------------------
John Boschelli, Assistant Treasurer
UNION NATIONAL LIFE INSURANCE COMPANY
By: /s/ John Boschelli
---------------------------------
John Boschelli, Assistant Treasurer
