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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)(1)
OWENS-ILLINOIS, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
690768-40-3
(CUSIP Number)
(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).
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CUSIP No. 690768-40-3 13G PAGE 2 OF 9 PAGES
--------------------- ----- -----
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Persons
OII ASSOCIATES, L.P.
---------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ X ]
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3. SEC Use Only
---------------------------------------------------------------------
4. Citizenship or Place of Organization
DELAWARE
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5. Sole Voting Power
Number of 34,920,000
Shares --------------------------------------------------------
Beneficially 6. Shared Voting Power
Owned By -0-
Each --------------------------------------------------------
Reporting 7. Sole Dispositive Power
Person With 34,920,000
--------------------------------------------------------
8. Shared Dispositive Power
-0-
--------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
34,920,000
---------------------------------------------------------------------
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain
Shares [ ]
---------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
29.0%
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12. Type of Reporting Person
PN
---------------------------------------------------------------------
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CUSIP No. 690768-40-3 13G PAGE 3 OF 9 PAGES
--------------------- ----- -----
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Persons
KKR PARTNERS II, L.P.
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2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ X ]
---------------------------------------------------------------------
3. SEC Use Only
---------------------------------------------------------------------
4. Citizenship or Place of Organization
DELAWARE
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5. Sole Voting Power
Number of 848,600
Shares --------------------------------------------------------
Beneficially 6. Shared Voting Power
Owned By -0-
Each --------------------------------------------------------
Reporting 7. Sole Dispositive Power
Person With 848,600
--------------------------------------------------------
8. Shared Dispositive Power
-0-
--------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
848,600
---------------------------------------------------------------------
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain
Shares [ ]
---------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
0.7%
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12. Type of Reporting Person
PN
---------------------------------------------------------------------
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CUSIP No. 690768-40-3 13G PAGE 4 OF 9 PAGES
--------------------- ----- -----
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Persons
OII ASSOCIATES II, L.P.
---------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ X ]
---------------------------------------------------------------------
3. SEC Use Only
---------------------------------------------------------------------
4. Citizenship or Place of Organization
DELAWARE
---------------------------------------------------------------------
5. Sole Voting Power
Number of 231,400
Shares --------------------------------------------------------
Beneficially 6. Shared Voting Power
Owned By -0-
Each --------------------------------------------------------
Reporting 7. Sole Dispositive Power
Person With 231,400
--------------------------------------------------------
8. Shared Dispositive Power
-0-
--------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
231,400
---------------------------------------------------------------------
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain
Shares [ ]
---------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
0.2%
---------------------------------------------------------------------
12. Type of Reporting Person
PN
---------------------------------------------------------------------
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ITEM 1.
(a) NAME OF ISSUER:
Owens-Illinois, Inc.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
One SeaGate
Toledo, Ohio 43666
ITEM 2.
(a) NAME OF PERSONS FILING:
OII Associates, L.P.
KKR Partners II, L.P.
OII Associates II, L.P.
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
c/o Kohlberg Kravis Roberts & Co.
9 West 57th Street
New York, New York 10019
(c) CITIZENSHIP:
OII Associates, L.P. -- Delaware
KKR Partners II, L.P. -- Delaware
OII Associates II, L.P. -- Delaware
(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share
(e) CUSIP NUMBER:
690768-40-3
ITEM 3. Not applicable
ITEM 4. OWNERSHIP
(a) AMOUNT BENEFICIALLY OWNED:
KKR Associates, L.P., a New York limited partnership, is
the sole general partner of OII Associates, L.P., a
Delaware limited partnership, OII Associates II, L.P., a
Delaware limited partnership, and KKR Partners II, L.P., a
Delaware limited partnership, in which capacity it may be
deemed to be the beneficial owner of the shares of
Owens-Illinois, Inc. common stock beneficially owned by
OII Associates, L.P., OII Associates II, L.P. and KKR
Partners II, L.P. As of December 31, 1996, (i) OII
Page 5 of 9 pages
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Associates, L.P. was the record owner of 34,920,000 shares
of common stock of Owens-Illinois, Inc.; (ii) OII
Associates II, L.P. was the record owner of 231,400 shares
of common stock of Owens-Illinois, Inc.; and (iii) KKR
Partners II, L.P. was the record owner of 848,600 shares
of common stock of Owens-Illinois, Inc. Henry R. Kravis,
George R. Roberts, Paul E. Raether, Robert I. MacDonnell,
Michael W. Michelson, James H. Greene, Jr., Michael T.
Tokarz, Edward A. Gilhuly, Perry Golkin, Clifton S.
Robbins and Scott Stuart are the general partners of KKR
Associates, L.P., and Messrs. Kravis and Roberts are also
the members of the Executive Committee of KKR Associates,
L.P., and in such capacity may be deemed to share
beneficial ownership of any shares of common stock of
Owens-Illinois, Inc. that KKR Associates, L.P. may
beneficially own or be deemed to beneficially own, but
disclaim any such beneficial ownership.
(b) PERCENT OF CLASS:
See Item 11 of each cover page.
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) Sole power to vote or direct the vote:
See Item 5 of each cover page.
(ii) Shared power to vote or to direct the vote:
See Item 6 of each cover page.
(iii) Sole power to dispose or to direct the disposition of:
See Item 7 of each cover page.
(iv) Shared power to dispose or to direct the disposition of:
See Item 8 of each cover page.
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
See Item 4 above.
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
Page 6 of 9 pages
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
OII Associates, L.P., OII Associates II, L.P. and KKR Partners II, L.P.
are Delaware limited partnerships, the sole general partner of each of
which is KKR Associates, L.P., a New York limited partnership. As the
sole general partner of each of OII Associates, L.P., OII Associates
II, L.P. and KKR Partners II, L.P., KKR Associates, L.P. may be deemed
to be the beneficial owner of the securities held by such limited
partnerships. OII Associates, L.P., OII Associates II, L.P. and KKR
Partners II, L.P. may be deemed to be a group in relation to their
respective investments in Owens-Illinois, Inc. OII Associates, L.P.,
OII Associates II, L.P. and KKR Partners II, L.P. do not affirm the
existence of a group.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
Not applicable.
Page 7 of 9 pages
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SIGNATURES
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: February 13, 1997
OII ASSOCIATES, L.P.
By: KKR ASSOCIATES, L.P.
Its: General Partner
By: /s/ Edward A. Gilhuly
---------------------------
Name: Edward A. Gilhuly
Title: General Partner
OII ASSOCIATES II, L.P.
By: KKR ASSOCIATES, L.P.
Its: General Partner
By: /s/ Edward A. Gilhuly
---------------------------
Name: Edward A. Gilhuly
Title: General Partner
KKR PARTNERS II, L.P.
By: KKR ASSOCIATES, L.P.
Its: General Partner
By: /s/ Edward A. Gilhuly
---------------------------
Name: Edward A. Gilhuly
Title: General Partner
Page 8 of 9 pages
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EXHIBITS
Exhibit 1 - Joint Filing Agreement (incorporated by reference to Exhibit 1 to
the Statements on Schedule 13G of OII Associates, L.P., KKR
Partners II, L.P. and OII Associates II, L.P.
filed on February 14, 1992).
Page 9 of 9 pages
