UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
WATTS INDUSTRIES, INC./1/
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(Name of Issuer)
Common Stock, Class A
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(Title of Class of Securities)
942749102
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(CUSIP Number)
August 25, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|X| Rule 13d-1(b)
o Rule 13d-1(c)
o Rule 13d-1(d)
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/1/ 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>
Schedule 13G Page 2 of 7 pages
CUSIP No. 924749102 Watts Industries, Inc.
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Berger Small Cap Value Fund/+/ ID No. 36-3344166
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
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NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,800,000**
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
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PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,80,000**
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,800,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.49%
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12 TYPE OF REPORTING PERSON
IV
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**Perkins, Wolf, McDonnell & Company is the sub investment advisor delegated
with investment and voting authority.
+ Berger Small Cap Value Fund is a portfolio series established under the Berger
Omni Investment Trust, an open-end management investment company registered
under the Investment Company Act of 1940, as amended.
<PAGE>
Schedule 13G Page 3 of 7
CUSIP No. 924749102 Watts Industries, Inc.
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Item 1.
(a) Name of Issuer: WATTS INDUSTRIES, INC.
(b) Address of Issuer's Principal Executive Offices:
815 CHESTNUT STREET
NORTH ANDOVER, MA 01845
Item 2.
(a) Name of Person Filing:
(1) BERGER SMALL CAP VALUE FUND/+/
(b) Address of Principal Business Office:
(1) BERGER SMALL CAP VALUE FUND
210 UNIVERSITY BOULEVARD, SUITE 900
DENVER, COLORADO 80206
(c) Citizenship:
(1) Berger Small Cap Value Fund: MASSACHUSETTS
(d) Title of Class of Securities: COMMON STOCK, CLASS A
(e) CUSIP Number: 942749102
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) Broker or Dealer registered under Section 15 of the Act
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(b) Bank as defined in section 3(a)(6) of the Act
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(c) Insurance Company as defined in section 3(a)(19) of the Act
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+ Berger Small Cap Value Fund is a portfolio series established under the Berger
Omni Investment Trust, an open-end management investment company registered
under the Investment Company Act of 1940, as amended.
<PAGE>
Schedule 13G Page 4 of 7
CUSIP No. 924749102 Watts Industries, Inc.
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(d) X Investment Company registered under section 8 of the
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Investment Company Act
(e) Investment Adviser registered under section 203 of the
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Investment Advisers Act of 1940/1/
(f) Employee Benefit Plan, Pension Fund which is subject to
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the provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see section
240.13d-1(b)(1)(ii)(F)
(g) Parent Holding Company, in accordance with section
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240.13d-1(b)(1)(ii)(G) (Note: See Item 7)/2/
(h) Group, in accordance with section 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership
(a) Amount Beneficially Owned:
(1) Berger Small Cap Value Fund: 1,800,000
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(b) Percent of Class:
(1) Berger Small Cap Value Fund: 10.49%
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(c) Number of shares as to which such person has:
(i) Sole owner to vote or to direct the vote: 0
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(ii) Shared power to vote or to direct the vote: 1,800,000**
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(iii) Sole power to dispose or to direct the disposition of: 0
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**Perkins, Wolf, McDonnell & Company is the sub investment advisor delegated
with investment and voting authority
<PAGE>
Schedule 13G Page 5 of 7
CUSIP No. 924749102 Watts Industries, Inc.
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(iv) Shared power to dispose or to direct the disposition of:
1,800,000**
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Item 5. Ownership of Five Percent or Less of a Class:
N/A
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
N/A
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
N/A
Item 8. Identification and Classification of Members of the Group:
N/A
Item 9. Notice of Dissolution of Group:
N/A
**Perkins, Wolf, McDonnell & Company is the sub investment advisor delegated
with investment and voting authority
<PAGE>
Schedule 13G Page 6 of 7
CUSIP No. 924749102 Watts Industries, Inc.
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Item 10. Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are
held in the ordinary course of business and 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 such securities and were
not acquired and are not held in connection with or as a
participant in any transaction having such 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.
BERGER SMALL CAP VALUE FUND:
September , 2000
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Date
/s/ Brian S. Ferrie
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Signature
Brian S. Ferrie, Vice President
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Name/Title
