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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Brady Corporation
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(Name of Issuer)
Class A Common Stock
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(Title of Class of Securities)
104674106
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [_].
(A fee is not required only if the filing 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).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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SCHEDULE 13G PAGE 2 OF 5
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CUSIP NO. 104674106
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NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
ARIEL CAPITAL MANAGEMENT, INC. John W. Rogers, Jr.
I.R.S. ID NO. 36-3219058 S.S. NO. ###-##-####
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
Not Applicable (b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Illinois Corporation
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SOLE VOTING POWER
5
NUMBER OF Ariel - 4,129,560 Rogers - 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
Ariel - 0 Rogers - 0
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING Ariel - 4,181,260 Rogers - 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
Ariel - 0 Rogers - 0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
Ariel - 4,181,260 Rogers - 0
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10
Not Applicable [_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
Ariel - 4,181,260/20,782,076 = 20.12% Rogers - 0
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TYPE OF REPORTING PERSON
12
Ariel - IA Rogers - HC
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
* This report is being made on behalf of John W. Rogers, Jr., President and
principal shareholders of Ariel Capital Management Inc., who may be deemed to
have beneficial ownership of the securities of the issuer. Mr. Rogers
disclaims beneficial ownership of shares held by Ariel Capital Management,
Inc.
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SCHEDULE 13G PAGE 3 OF 5 5/31/99
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Item 1
(a) Name of Issuer:
Brady Corporation
(b) Address of Issuer's Principal Executive Offices
6555 West Good Hope Road; Milwaukee, WI 53223
Item 2
(a) Name of Person Filing
Ariel Capital Management, Inc.
(b) Address of Principal Business Office:
307 North Michigan Avenue, Chicago, IL 60601
(c) Citizenship
An Illinois corporation
(d) Title of Class of Securities
Class A Common Stock
(e) CUSIP Number
104674106
Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) and the
person filing is an investment adviser registered under section 203 of the
Investment Advisers Act of 1940.
Item 4. Ownership.
(a) Amount beneficially owned:
(See Page 2, No. 9)
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SCHEDULE 13G PAGE 4 OF 5 5/31/99
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(b) Percent of class:
(See Page 2, No. 11)
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
(See Page 2, No. 5)
(ii) Shared power to vote or to direct the vote
(See Page 2, No. 6)
(iii) Sole power to dispose or to direct the disposition of
(See Page 2, No. 7)
(iv) Shared power to dispose or to direct the disposition of
(See Page 2, No. 8)
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following: [_]
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
All securites reported upon this Schedule are owned by investment advisory
clients of Ariel Capital Management, Inc., no one of which to the knowledge of
Ariel Capital Management, Inc. owns more than 5% of the class.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable
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SCHEDULE 13G PAGE 5 OF 5 5/31/99
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SIGNATURE
The undersigned hereby agree that this statement is being filed on behalf
of each of them and hereby certify, 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.
ARIEL CAPITAL MANAGEMENT, INC.
By:
/s/ Eric T. McKissack
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Signature
Eric T. McKissack
Co-Chief Investment Officer and
Senior Vice President
JOHN W. ROGERS, JR.*
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JOHN W. ROGERS, JR.
By:
/s/ Eric T. McKissack
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Eric T. McKissack
DATED: June 08, 1999
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* Eric T. McKissack signs this document on behalf of John W. Rogers, Jr.
pursuant to the power of attorney attached as Exhibit 1 to the Schedule 13G
filed with the Securities and Exchange Commission on or about January 10, 1994,
on behalf of Ariel Capital Management, Inc. and John W. Rogers, Jr. with respect
to Oshkosh B'Gosh, Incorporated, which said power of attorney is hereby
incorporated by reference.
