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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
Lukens, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
549886101
(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)
February 13, 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. 549886101
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:
354,400
8 SHARED VOTING POWER:
402,900
9 SOLE DISPOSITIVE POWER:
354,400
10 SHARED DISPOSITIVE POWER:
402,900
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
757,300
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*:
[ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
5.06
14 TYPE OF REPORTING PERSON*:
BD
See Instructions Before Filling Out!
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SCHEDULE 13D
Item 1: Security and Issuer
(a) Title and Class: Common Stock
(b) Name and address: Lukens, Inc.
50 South First Avenue
Coatesville, PA 19320-0911
Item 2: Identity and Background Identity
(a) Name: Bear, Stearns & Co. Inc. ("Bear
Stearns")
(b) Place of Organization: Delaware
(c)(i) Principal Business: Securities Broker/Dealer
(ii) Address: 245 Park Avenue
New York, NY 10167
The following information with respect to each executive officer and
director of Bear Stearns is set forth on Appendix I hereto: (i) name,
(ii) business address, and (iii) principal occupation or employment.
(d) None
(e) See Appendix II
(f) See Appendix I
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 757,300 shares of Common Stock
was approximately $18,976,973.
Item 4: Purpose of Transaction
Bear Stearns has acquired the Common Stock of Lukens,Inc.
in the ordinary course of its business as a broker/dealer in
connection with its trading and investment activities. Bear Stearns may
acquire additional securities of the Issuer or dispose of securities of
the Issuer in connection with such trading and investment activities.
Although the foregoing represents the range of activities presently
contemplated by Bear Stearns with respect to the Issuer, it should be
noted that the possible activities of Bear Stearns are subject to change
at any time.
Except as set forth above, Bear Stearns has no present plans or
intentions which relate to or would result in any of the actions described in
subparagraph (a) through (j) of Item 4 of Schedule 13D.
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SCHEDULE 13D
Item 5: Interest in Securities of the Issuer as of 02/13/98
(a) Number: 757,300
Percentage: 5.06
(b) 1. Sole power to vote or to direct the vote: 354,400
2. Shared power to vote or to direct the vote: 402,900
3. Sole power to dispose or to direct the disposition: 354,400
4. Shared power to dispose or to direct the disposition: 402,900
(c) Information concerning transactions in the common stock effected by
Bear Stearns is set forth on Appendix III hereto.
(d) Inapplicable.
(e) Inapplicable.
Item 6: Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer:
None
Item 7: Material to be Filed as Exhibits:
None
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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: 02/20/98 BEAR, STEARNS & CO. INC.
By: /s/
Barry J. Cohen
Senior Managing Director
APPENDIX I
DIRECTORS AND EXECUTIVE OFFICERS OF BEAR, STEARNS & CO. INC.
Name Principal Occupation or Employment
Alan C. Greenberg Chairman of the Board and Director
James E. Cayne President, Chief Executive Officer and Director
Alan D. Schwartz Executive Vice President and Director
Warren J. Spector Executive Vice President and Director
Michael L. Tarnopol Executive Vice President and Director
John L. Knight Director
John M. Slade Director Emeritus
Kenneth L. Edlow Secretary
Samuel L. Molinaro, Jr. Chief Financial Officer
Michael J. Abatemarco Controller and Assistant Secretary
Michael Minikes Treasurer
Frederick B. Casey Assistant Treasurer
Mark E. Lehman Executive Vice President, General Counsel and
Director
William J. Montgoris Chief Operating Officer
John L. Knight is a citizen of the United Kingdom and his business
address is One Canada Square London E16 5AD England. Michael J. Abatemarco
is a citizen of the United States and his business address is One Metrotech
Center North, Brooklyn, New York 11201. All other Directors and Executive
Officers are citizens of the United States and their business address is 245
Park Avenue, New York, New York 10167. Bear, Stearns & Co. Inc. is a
wholly-owned subsidiary of The Bear Stearns Companies Inc. and of the persons
named, all but John L. Knight hold similar office in the parent company.
APPENDIX II Page 7
BEAR, STEARNS & CO. INC.
Lukens, Inc.
Trading from 12-15-97 through 02-13-98
(Various Firm Accounts)
***** 02/13/98 *****
78,900 LUKENS INC-DEL 29 11/16 2,342,343.75
7,840- LUKENS INC-DEL 29 11/16 232,742.24-
12,160- LUKENS INC-DEL 29 3/4 361,747.94-
***** 02/10 *****
7,100 LUKENS INC-DEL 29 3/4 211,225.00
***** 02/05 *****
25,000 LUKENS INC-DEL 29 5/8 740,625.00
***** 02/04 *****
43,600 LUKENS INC-DEL 29.9061 1,303,905.96
***** 02/03 *****
48,100 LUKENS INC-DEL 29 3/4 1,430,975.00
10,000 LUKENS INC-DEL 29 3/4 297,500.00
***** 01/30 *****
1,100 LUKENS INC-DEL 29 5/8 32,587.50
8,900 LUKENS INC-DEL 29 3/4 264,775.00
***** 01/28 *****
15,000 LUKENS INC-DEL 29 1/2 442,500.00
35,000 LUKENS INC-DEL 29 7/16 1,030,312.50
35,000- LUKENS INC-DEL 29 7/16 1,030,278.15-
***** 01/05 *****
60,000 LUKENS INC-DEL 29.9000 1,794,000.00
***** 12/31 *****
98,900- LUKENS INC-DEL 28.4777 2,816,350.64-
***** 12/23 *****
30,000 LUKENS INC-DEL 28.1188 846,564.00
***** 12/18 *****
11,600 LUKENS INC-DEL 24 1/16 279,705.00
11,000- LUKENS INC-DEL 24 1/8 265,366.15-
***** 12/16 *****
35,000 LUKENS INC-DEL 24 841,750.00
8,800- LUKENS INC-DEL 24 1/8 212,300.00-
10,000- LUKENS INC-DEL 24 240,000.00-
46,200- LUKENS INC-DEL 24 1,108,800.00-
***** 12/15/97 *****
5,000 LUKENS INC-DEL 23 15/16 119,687.50
15,000 LUKENS INC-DEL 23 15/16 359,062.50
25,000 LUKENS INC-DEL 24 1/8 603,125.00
25,000 LUKENS INC-DEL 24 1/16 601,562.50
30,000 LUKENS INC-DEL 23 7/8 716,250.00
25,000 LUKENS INC-DEL 23 7/8 598,375.00
50,000 LUKENS INC-DEL 23 7/8 1,196,250.00
(Various discretionary accounts)
***** 02/13 *****
1,129 LUKENS INC-DEL 29.7255 33,560.09
386 LUKENS INC-DEL 29.7255 11,474.04
2,997 LUKENS INC-DEL 29.7255 89,087.32
1,703 LUKENS INC-DEL 29.7255 50,622.53
350 LUKENS INC-DEL 29.7255 10,403.93
839 LUKENS INC-DEL 29.7255 24,939.69
10,723 LUKENS INC-DEL 29.7255 318,746.54
1,873 LUKENS INC-DEL 29.7255 55,675.86
***** 02/02 *****
1,263 LUKENS INC-DEL 29 3/4 37,574.25
2,908 LUKENS INC-DEL 29 3/4 86,513.00
1,649 LUKENS INC-DEL 29 3/4 49,057.75
10,369 LUKENS INC-DEL 29 3/4 308,477.75
1,811 LUKENS INC-DEL 29 3/4 53,877.25
***** 01/29 *****
1,134 LUKENS INC-DEL 29.9057 33,913.06
304 LUKENS INC-DEL 29.9057 9,091.33
2,980 LUKENS INC-DEL 29.9057 89,118.99
315 LUKENS INC-DEL 29.9057 9,420.30
367 LUKENS INC-DEL 29.9057 10,975.39
352 LUKENS INC-DEL 29.9057 10,526.81
1,417 LUKENS INC-DEL 29.9057 42,376.38
658 LUKENS INC-DEL 29.9057 19,677.95
8,916 LUKENS INC-DEL 29.9057 266,639.22
1,557 LUKENS INC-DEL 29.9057 46,563.17
***** 01/05 *****
1,072 LUKENS INC-DEL 29.9000 32,052.80
3,112- LUKENS INC-DEL 28.4777 88,619.64-
2,000 LUKENS INC-DEL 29.9000 59,800.00
1,422 LUKENS INC-DEL 29.9000 42,517.80
8,944 LUKENS INC-DEL 29.9000 267,425.60
1,562 LUKENS INC-DEL 29.9000 46,703.80
***** 01/02 *****
3,112 LUKENS INC-DEL 28.4777 88,619.64
***** 12/31 *****
1,334- LUKENS INC-DEL 28.4777 37,987.98-
117- LUKENS INC-DEL 28.4777 3,331.77-
3,112- LUKENS INC-DEL 28.4777 88,619.64-
165- LUKENS INC-DEL 28.4777 4,698.66-
117- LUKENS INC-DEL 28.4777 3,331.77-
102- LUKENS INC-DEL 28.4777 2,904.63-
1,771- LUKENS INC-DEL 28.4777 50,432.32-
200- LUKENS INC-DEL 28.4777 5,695.35-
11,137- LUKENS INC-DEL 28.4777 317,145.56-
1,945- LUKENS INC-DEL 28.4777 55,387.28-
***** 12/22 *****
692 LUKENS INC-DEL 28.1188 19,458.21
1,612 LUKENS INC-DEL 28.1188 45,327.51
917 LUKENS INC-DEL 28.1188 25,784.94
5,772 LUKENS INC-DEL 28.1188 162,301.71
1,007 LUKENS INC-DEL 28.1188 28,315.63
***** 12/16 *****
2,611 LUKENS INC-DEL 24.0200 62,716.22
400 LUKENS INC-DEL 24.0200 9,608.00
6,094 LUKENS INC-DEL 24.0200 146,377.88
400 LUKENS INC-DEL 24.0200 9,608.00
300 LUKENS INC-DEL 24.0200 7,206.00
300 LUKENS INC-DEL 24.0200 7,206.00
3,466 LUKENS INC-DEL 24.0200 83,253.32
813 LUKENS INC-DEL 24.0200 19,528.26
3,809 LUKENS INC-DEL 24.0200 91,492.18