UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
PAXAR CORPORATION
(Name of Issuer)
Common Stock, $.10 par value
(Title of Class of Securities)
704227 10 7
(CUSIP Number)
See Preliminary Note
(Date of Event which Requires filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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).
<PAGE>
CUSIP No. 704227 10 7
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Thomas W. Smith
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ x ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZEN OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
294,153
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 3,537,464
----------------------------------------------------
OWNED BY EACH 7 SOLE DISPOSITIVE POWER
REPORTING 294,153
----------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 3,537,464
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,831,617
- --------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
Not Applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.87%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 704227 10 7
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Thomas N. Tryforos
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ x ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZEN OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
4,950
NUMBER OF
----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 3,537,464
----------------------------------------------------
OWNED BY EACH 7 SOLE DISPOSITIVE POWER
REPORTING 4,950
----------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 3,537,464
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,542,414
- --------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
Not Applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.27%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
Preliminary Note: This Statement on Schedule 13G is the initial filing on
Schedule 13G by the filing persons pursuant to Rule 13d-1(c). The filing persons
previously filed a Statement on Schedule 13D. This Schedule 13G filing updates
certain information included in the prior Schedule 13D filing. The filing of
this Statement shall not be deemed to be an admission that the filing persons
comprise a "group" within the meaning of Section 13(d)(3) of the Securities
Exchange Act of 1934, as amended.
ITEM 1. (a) Name of Issuer:
Paxar Corporation
(b) Address of Issuer's Principal Executive Offices:
105 Corporate Park Drive
White Plains, NY 10604
ITEM 2. (a) Name of Person Filing:
(i) Thomas W. Smith
(ii) Thomas N. Tryforos
(b) Address of Principal Business Office:
The following is the address of the principal business
office of each of the filing persons:
323 Railroad Avenue
Greenwich, CT 06830
(c) Citizenship:
Each of Messrs. Thomas W. Smith and Thomas N. Tryforos is a
United States citizen.
(d) Title of Class of Securities:
Common Stock, par value $.10 per share
(e) CUSIP Number:
704227 10 7
ITEM 3. If this Statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or
(c), check whether the person filing is a:
Not applicable.
If this Statement is filed pursuant to Rule 13d-1(c), check this
box [x]
<PAGE>
ITEM 4. Ownership
(a) Thomas W. Smith -- 3,831,617 shares; Thomas N. Tryforos
-- 3,542,414 shares
(b) Thomas W. Smith -- 7.87%; Thomas N. Tryforos --7.27%
(c) Each of Thomas W. Smith and Thomas N. Tryforos has shared
power to vote or to direct the vote and shared power to
dispose or to direct the disposition of 3,537,464 shares;
Thomas W. Smith has sole power to vote and dispose of
294,153 shares, and Thomas N. Tryforos has sole power to
vote and dispose of 4,950 shares.
ITEM 5. Ownership of Five Percent or Less of a Class
Not applicable.
ITEM 6. Ownership of More than Five Percent on Behalf of Another Person
Messrs. Smith and Tryforos in the aggregate beneficially own
3,675,367 shares in their capacities as investment managers for
certain managed accounts. The managed accounts have the right to
receive dividends from, and the proceeds from the sale of, the
managed accounts' shares.
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.
ITEM 9. Notice of Dissolution of Group
Not applicable.
ITEM 10. Certification
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
<PAGE>
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: November 3, 1998
/s/ Thomas W. Smith
------------------------
Thomas W. Smith
/s/ Thomas N. Tryforos
------------------------
Thomas N. Tryforos
<PAGE>
JOINT FILING AGREEMENT
The undersigned agree that the foregoing Statement on Schedule 13G,
dated November 3, 1998, is being filed with the Securities and Exchange
Commission on behalf of each of the undersigned pursuant to Rule 13d-1(k)
Dated: November 3, 1998
/s/ Thomas W. Smith
------------------------
Thomas W. Smith
/s/ Thomas N. Tryforos
------------------------
Thomas N. Tryforos
