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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3 )*
Lukens, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
549866101
(CUSIP Number)
Charles A. Nalbone, Bear, Stearns & Co. Inc.
115 South Jefferson Road, Whippany, NJ 07981
(973) 739-2202
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 26, 1998
(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 this statement
[ ] . (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: When filing this statement, in paper format, six copies of
this statement, including exhibits, should be filed with the Commission.
See Rule 13d-1(a) for other parties to whom copies are to be sent.
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CUSIP NO. 549866101
13D
NAME OF REPORTING PERSON
S.S. OR I.R.S. NOTIFICATION NO. OF ABOVE PERSON:
1 BEAR, STEARNS & CO. INC.
IRS #13-3299429
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*:
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*:
WC, PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d)(e):
[ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
7 SOLE VOTING POWER:
1,205,120
8 SHARED VOTING POWER:
105,481
9 SOLE DISPOSITIVE POWER:
1,205,120
10 SHARED DISPOSITIVE POWER:
105,481
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
1,310,601
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*:
[ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
8.7
14 TYPE OF REPORTING PERSON*:
BD
See Instructions Before Filling Out!
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Schedule 13D Amendment No. 3
This statement constitutes Amendment No. 3 to the statement on Schedule 13D
(the "Schedule 13D") filed with the Securities and Exchange Commission by Bear,
Stearns & Co. Inc. ("Bear Stearns") with respect to its ownership of the Common
Stock of Lukens, Inc. (the "Issuer").
Item 3: Source and Amount of Funds or Other Consideration
Working capital of Bear Stearns and personal funds of discretionary
accounts. The aggregate purchase price of the 1,310,601 Common Shares of the
Issuer referred to in Item 5(c) hereof was approximately $44,788,195.
Item 5: Interest in Securities of the Issuer (as of 05/26/98)
(a) The responses of Bear Stearns to Rows (11) through (13) of the
cover page of this Amendment No. 3 to Schedule 13D are
incorporated herein by reference. To the best of Bear Stearns'
knowledge, none of its executive officers or directors
beneficially own any Common Stock of the Issuer.
(b) The responses of Bear Stearns to Rows (7) through (10) of the
cover page of this Amendment No. 3 to Schedule 13D are
incorporated herein by reference.
(c) Since the date of its initial filing on Schedule 13D, Bear
Stearns has effected transactions in the Common Stock of the
Issuer. Information concerning transactions in the Common Stock
effected by Bear Stearns is set forth on Appendix I.
(d) Not Applicable.
(e) Through May 26, 1998, Bear Stearns purchased an additional 173,001
shares of Lukens, Inc. Accordingly, Bear Stearns increased its
beneficial ownership by more than three full percentage points of the
Common Stock of the Issuer since the date of its initial filing.
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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: June 2, 1998 BEAR, STEARNS & CO. INC.
By: /s/
Barry J. Cohen
Senior Managing Director
APPENDIX I
BEAR, STEARNS & CO. INC.
Lukens, Inc.
Trades from 3/12/98 through 5/26/98
(Various Firm Accounts)
***** 05/26 *****
1,200 LUKENS INC-DEL 32 1/4 38,700.00
1,600 LUKENS INC-DEL 32 3/8 51,800.00
2,200 LUKENS INC-DEL 32 3/16 70,812.50
38,800 LUKENS INC-DEL 32 3/16 1,248,875.00
1,632- LUKENS INC-DEL 31 7/8 52,018.26-
18,368- LUKENS INC-DEL 31 13/16 584,312.52-
***** 05/21 *****
1,000 LUKENS INC-DEL 32 1/4 32,250.00
5,000 LUKENS INC-DEL 33 165,000.00
14,000 LUKENS INC-DEL 32 5/16 452,375.00
2,200 LUKENS INC-DEL 32 3/4 72,050.00
5,000 LUKENS INC-DEL 32 3/4 163,750.00
7,800 LUKENS INC-DEL 32 7/8 256,425.00
15,000 LUKENS INC-DEL 32 5/8 490,875.00
2,096- LUKENS INC-DEL 32 7/8 68,903.70-
2,904- LUKENS INC-DEL 32 15/16 95,647.31-
8,520- LUKENS INC-DEL 32 13/16 279,553.18-
16,480- LUKENS INC-DEL 32 3/4 539,702.00-
***** 05/18 *****
1,047 LUKENS INC-DEL 32 7/8 34,420.13
2,900 LUKENS INC-DEL 33 95,700.00
***** 05/13 *****
4,100 LUKENS INC-DEL 34 139,400.00
10,000 LUKENS INC-DEL 33 3/4 337,500.00
10,000 LUKENS INC-DEL 33 3/4 337,500.00
***** 05/12 *****
5,500 LUKENS INC-DEL 33 3/4 185,625.00
***** 05/11 *****
1,000 LUKENS INC-DEL 33 5/8 33,625.00
3,200 LUKENS INC-DEL 34 108,800.00
4,400 LUKENS INC-DEL 33 3/4 148,500.00
9,600 LUKENS INC-DEL 33 15/16 325,800.00
***** 05/07 *****
1,000 LUKENS INC-DEL 33 7/8 33,875.00
5,000 LUKENS INC-DEL 33 15/16 169,687.50
5,000 LUKENS INC-DEL 34 170,000.00
20,500 LUKENS INC-DEL 34 1/8 699,562.50
10,000 LUKENS INC-DEL 33 7/8 338,750.00
***** 04/28 *****
500- LUKENS INC-DEL 34 1/4 17,124.42-
700- LUKENS INC-DEL 34 7/16 24,105.44-
4,800- LUKENS INC-DEL 34 163,194.56-
6,000- LUKENS INC-DEL 34 5/8 207,743.07-
***** 04/24 *****
20,000 LUKENS INC-DEL 34 7/16 688,750.00
***** 04/21 *****
20,000- LUKENS INC-DEL 35.5468 710,912.30-
1,400 LUKENS INC-DEL 35 3/8 49,525.00
2,000 LUKENS INC-DEL 35 1/4 70,500.00
***** 04/20 *****
20,000 LUKENS INC-DEL 35 11/16 713,750.00
26,600 LUKENS INC-DEL 35 7/16 942,637.50
***** 04/02 *****
2,000- LUKENS INC-DEL 33 3/4 67,497.75-
3,000- LUKENS INC-DEL 33 5/8 100,871.63-
***** 03/24 *****
3,200 LUKENS INC-DEL 33 15/16 108,600.00
3,700 LUKENS INC-DEL 34 1/16 126,031.25
8,700 LUKENS INC-DEL 33 15/16 295,256.25
(Various discretionary accounts)
***** 04/28 *****
1,900 LUKENS INC-DEL 34.2500 65,075.00
1,900- LUKENS INC-DEL 34.2500 65,075.00-
