UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
Litton Industries, Inc.
-----------------------------------------------------
(Name of Issuer)
Common Stock
-----------------------------------------------------
(Title of Class of Securities)
538021 10 6
-----------------------------------------------------
(CUSIP Number)
Eric J. Draut
Unitrin, Inc.
One East Wacker Drive
Chicago, IL 60601
(312) 661-4520
-----------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 16, 2001
-----------------------------------------------------
(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 11 Pages
SCHEDULE 13D
CUSIP No. 538021 10 6 Page 2 of 11 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) [ ]
-----------------------------------------------------------------------------
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
---------------------------------------------------
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 11 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) [ ]
-----------------------------------------------------------------------------
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
---------------------------------------------------
10. Shared Dispositive Power
5,052,686
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
5,052,686
-----------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
-----------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
11.1%
-----------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IC, CO
CUSIP No. 538021 10 6 Page 4 of 11 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) [ ]
-----------------------------------------------------------------------------
3. SEC Use Only
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4. Source of Funds (See Instructions)
WC, AF
-----------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant
to Items 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
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
-----------------------------------------------------------------------------
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%
-----------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IC, CO
CUSIP No. 538021 10 6 Page 5 of 11 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
-----------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3. SEC Use Only
-----------------------------------------------------------------------------
4. Source of Funds (See Instructions)
WC, AF
-----------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant
to Items 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6. Citizenship or Place of Organization
Louisiana
-----------------------------------------------------------------------------
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
-----------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
326,197
-----------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
-----------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
0.7%
-----------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IC, CO
Amendment No. 4 to Schedule 13D Page 6 of 11 Pages
This Amendment No. 4 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, Amendment No. 2 thereto,
dated October 5, 1995 and Amendment No. 3 thereto, dated December 29, 2000,
which Amendment No. 3 added Union National Life Insurance Company ("Union
National") as a filing person. 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 2. Identity and Background
For revised information concerning the directors and executive
officers of Unitrin, Trinity, United, and Union National see Schedules
UNIT, U, T and UNL, respectively, to this Amendment. All persons listed on
such Schedules are U.S. citizens.
No filing person has been convicted in any criminal proceeding
(excluding traffic violations or similar misdemeanors) during the past five
years; nor, to the best knowledge and belief of the filing persons, has
anyone listed in the attached Schedules been convicted in such proceedings.
To the best knowledge and belief of the filing persons, during the
past five years no filing person nor anyone listed on the attached
Schedules was a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction and as a result of such proceeding was or is
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.
Item 4. Purpose of Transaction
Item 4 of the Schedule 13D is hereby amended to add the following
information:
On January 5, 2001, Northrop Grumman Corporation ("Northrop")
commenced a cash tender offer to purchase all of the outstanding shares of
Common Stock at $80 per share and all of the outstanding shares of the
Series B $2 Cumulative Preferred Stock (the "Preferred Stock") of the
Issuer at $35 per share. A definitive merger agreement approved by the
board of directors of the Issuer contemplates the tender offer and a merger
to acquire any shares of Common Stock not tendered (the "Transaction").
As announced today in a press release issued by Northrop, Unitrin is
in discussions with Northrop and the Issuer regarding a possible amendment
to the terms of the Transaction generally as described in such press
release. There can be no assurance that these discussions will result in
any amendment to the terms of the Transaction. A copy of the press release
issued by Northrop is attached to this Amendment No. 4 as Exhibit 99.1, and
has been filed as Exhibit 99(a)(5)(vii) to Northrop's Schedule TO,
Amendment No. 2, dated January 16, 2001.
Item 5. Interest in Securities of the Issuer
Item 5 of the Schedule 13D is hereby amended to add the following
information:
To the best knowledge and belief of the filing persons, during the
past sixty (60) days no filing person nor any person listed in the attached
Schedules has entered into any transactions involving the Issuer's Common
Stock. To the best knowledge and belief of the filing persons, no one
listed on the attached Schedules beneficially owns shares of the Issuer's
Common Stock.
Item 7. Material to be Filed as Exhibits.
Exhibit Description
------- -----------
99.1 Press Release issued by Northrop Grumman Corporation
on January 16, 2001
Signature Page 7 of 11 Pages
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: January 16, 2001 UNITRIN, INC.
By: /s/ Eric J. Draut
-----------------------------------
Eric J. Draut
Senior Vice President, Chief
Financial Officer and Treasurer
Page 8 of 11 Pages
SCHEDULE UNIT
<TABLE>
<CAPTION>
UNITRIN, INC.
NAME (ALL U.S. CITIZENS BUSINESS POSITION WITH UNITRIN (PRINCIPAL OCCUPATION,
UNLESS OTHERWISE NOTED) ADDRESS IF DIFFERENT, PRESENTED IN FOOTNOTES)
-----------------------------------------------------------------------------------------------------------------
<S> <C> <C>
James E. Annable (2) Director
-----------------------------------------------------------------------------------------------------------------
David F. Bengston (8) (1) Vice President
-----------------------------------------------------------------------------------------------------------------
Eric J. Draut (8) (1) Senior Vice President, Treasurer & Chief Financial Officer
-----------------------------------------------------------------------------------------------------------------
Douglas G. Geoga (3) Director
-----------------------------------------------------------------------------------------------------------------
Reuben L. Hedlund (4) Director
-----------------------------------------------------------------------------------------------------------------
Jerrold V. Jerome (5) Director
-----------------------------------------------------------------------------------------------------------------
William E. Johnston, Jr. (6) Director
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Edward J. Konar (1) Vice President
-----------------------------------------------------------------------------------------------------------------
Scott Renwick (1) Secretary & General Counsel
-----------------------------------------------------------------------------------------------------------------
Richard Roeske (8) (1) Vice President and Controller
-----------------------------------------------------------------------------------------------------------------
Fayez S. Sarofim (7) Director
-----------------------------------------------------------------------------------------------------------------
Donald G. Southwell (8) (1) Senior Vice President
-----------------------------------------------------------------------------------------------------------------
Richard C. Vie (8) (1) Chairman of the Board, President & Chief Executive Officer
-----------------------------------------------------------------------------------------------------------------
(1) One East Wacker Drive, Chicago, Illinois 60601.
(2) Mr. Annable is a Senior Vice President and Director of Economics of Bank One Corporation. One First National
Plaza, Suite 0476, Chicago, Illinois 60670.
(3) Mr. Geoga is President of Hospitality Investment Fund, L.L.C. 200 West Madison, 38th Floor, Chicago, Illinois
60606.
(4) Mr. Hedlund is a partner in the law firm of Hedlund, Hanley & Trefelet. Sears Tower, Suite 5700, Chicago, Illinois
60606.
(5) Mr. Jerome is a retired executive. 41 Country Meadows Road, Rolling Hills Estates, CA 90274.
(6) Mr. Johnston is a business executive. 155 N. Harbor Drive, Chicago, Illinois 60601.
(7) Mr. Sarofim is the Chairman of the Board and President of Fayez Sarofim & Co., a registered investment advisor.
Two Houston Center, Suite 2907, Houston, Texas 77010
(8) See also Schedule(s) T, U and/or UNL, filed herewith.
</TABLE>
Page 9 of 11 Pages
SCHEDULE U
<TABLE>
<CAPTION>
UNITED INSURANCE COMPANY OF AMERICA
NAME (ALL U.S. CITIZENS BUSINESS POSITION WITH UNITED (PRINCIPAL OCCUPATION,
UNLESS OTHERWISE NOTED) ADDRESS IF DIFFERENT, PRESENTED IN FOOTNOTES)
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Eric J. Draut (2) (1) (A) Director
--------------------------------------------------------------------------------------------------------------------
Patricia G. Grider (1) Senior Vice President & Secretary
--------------------------------------------------------------------------------------------------------------------
Richard J. Miller (1) Vice President
--------------------------------------------------------------------------------------------------------------------
Thomas D. Myers (2) (1) Treasurer
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Don M. Royster, Sr. (1) Director & President
--------------------------------------------------------------------------------------------------------------------
David L. Smith (1) Vice President
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Donald G. Southwell (2) (1) (A) Director & Chairman of the Board
--------------------------------------------------------------------------------------------------------------------
Richard C. Vie (2) (1) (A) Director
--------------------------------------------------------------------------------------------------------------------
Charles L. Wood (2) (1) Vice President
--------------------------------------------------------------------------------------------------------------------
(1) One East Wacker Drive, Chicago, Illinois 60601.
(2) See also Schedule(s) T, UNL and/or UNIT, filed herewith.
(A) Member, Investment Committee of the Board of Directors.
</TABLE>
Page 10 of 11 Pages
SCHEDULE T
<TABLE>
<CAPTION>
TRINITY UNIVERSAL INSURANCE COMPANY
NAME (ALL U.S. CITIZENS BUSINESS POSITION WITH TRINITY (PRINCIPAL OCCUPATION,
UNLESS OTHERWISE NOTED) ADDRESS IF DIFFERENT, PRESENTED IN FOOTNOTES)
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
David F. Bengston (3) (1) Director
--------------------------------------------------------------------------------------------------------------------
Robert F. Buehler (2) Senior Vice President, Treasurer & Director
--------------------------------------------------------------------------------------------------------------------
Roger M. Buss (2) Vice President
--------------------------------------------------------------------------------------------------------------------
Donald C. Crutchfield (2) Vice President
--------------------------------------------------------------------------------------------------------------------
Eric J. Draut (3) (1) (A) Director
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Judith E. Fagan (2) Senior Vice President, Secretary & Director
--------------------------------------------------------------------------------------------------------------------
William P. Fisanick (2) Chief Actuary
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Dennis O. Halsey (2) Senior Vice President
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Ronald I. Henry (2) Vice President
--------------------------------------------------------------------------------------------------------------------
Dorothy A. Langley (2) Vice President & Corporate Counsel
--------------------------------------------------------------------------------------------------------------------
Richard Roeske (1) Director
--------------------------------------------------------------------------------------------------------------------
Donald G. Southwell (3) (1) President, Director & Chairman of the Board
--------------------------------------------------------------------------------------------------------------------
Richard C. Vie (3) (1) (A) Director
--------------------------------------------------------------------------------------------------------------------
(1) One East Wacker Drive, Chicago, Illinois 60601.
(2) Trinity Universal Insurance Company, 10000 North Central Expressway, Dallas, Texas 75231
(3) See also, Schedules(s) U, UNL, and/or UNIT, filed herewith.
(A) Member, Investment Committee of the Board of Directors.
</TABLE>
Page 11 of 11 Pages
SCHEDULE UNL
<TABLE>
<CAPTION>
UNION NATIONAL LIFE INSURANCE COMPANY
NAME (ALL U.S. CITIZENS BUSINESS POSITION WITH UNION NATIONAL (PRINCIPAL
UNLESS OTHERWISE NOTED) ADDRESS OCCUPATION, IF DIFFERENT, PRESENTED IN
FOOTNOTES)
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Eric J. Draut (3) (1) (A) Director
--------------------------------------------------------------------------------------------------------------------
Jerry W. Hester (2) President & Director
--------------------------------------------------------------------------------------------------------------------
R. Paul Hillman (2) Treasurer & Controller
--------------------------------------------------------------------------------------------------------------------
James A. Marquette (2) Vice President & Secretary
--------------------------------------------------------------------------------------------------------------------
Thomas D. Myers (3) (1) Vice President & Assistant Treasurer
--------------------------------------------------------------------------------------------------------------------
Donald G. Southwell (3) (1) Director & Chairman of the Board
--------------------------------------------------------------------------------------------------------------------
Richard C. Vie (3) (1) (A) Director
--------------------------------------------------------------------------------------------------------------------
Charles L. Wood (3) (1) Director
--------------------------------------------------------------------------------------------------------------------
(1) One East Wacker Drive, Chicago, Illinois 60601.
(2) Union National Life Insurance Company, 8282 Goodwood Boulevard, Baton Rouge, Louisiana 70806
(3) See also, Schedules(s) T, U, and/or UNIT, filed herewith.
(A) Member, Investment Committee of the Board of Directors.
</TABLE>