<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
---------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Reliance Electric Company
(Name of issuer)
Class A Common Stock, Par Value $.01 Per Share
(Title of class of securities)
759458102
(CUSIP number)
William J. Calise, Jr., Esq.
Senior Vice President, General Counsel & Secretary
Rockwell International Corporation
625 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3123
(412) 565-2905
(Name, address and telephone number of person
authorized to receive notices and communications)
January 19, 1995
(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 the 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.)
(Continued on following pages)
- ------------------
* This Amendment No. 2 amends Rockwell International Corporation's and ROK
Acquisition Corporation's Schedule 13D filed as part of Amendment No. 10 to
their Tender Offer Statement on Schedule 14D-1, filed with the Securities and
Exchange Commission on December 7, 1994.
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(Page 2 of 5 Pages)
CUSIP No. 759458102 13D
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS
ROCKWELL INTERNATIONAL CORPORATION
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER INDIRECTLY THROUGH ROK
ACQUISITION CORPORATION,
SHARES ITS WHOLLY OWNED SUBSIDIARY,
46,401,820 SHARES OF CLASS A
COMMON STOCK
BENEFICIALLY -----------------------------------------------------------------
8 SHARED VOTING POWER NONE
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER INDIRECTLY THROUGH ROK
ACQUISITION CORPORATION,
ITS WHOLLY OWNED SUBSIDIARY,
REPORTING 46,401,820 SHARES OF CLASS A
COMMON STOCK
----------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NONE
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
INDIRECTLY THROUGH ROK ACQUISITION CORPORATION, ITS
WHOLLY-OWNED SUBSIDIARY: 46,401,820 SHARES OF CLASS A COMMON
STOCK
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
92% OF CLASS A COMMON STOCK
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
<PAGE> 3
(Page 3 of 5 Pages)
CUSIP NO. 759458102 13D
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
ROK ACQUISITION CORPORATION
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 46,401,820 SHARES OF CLASS A
COMMON STOCK
SHARES
BENEFICIALLY -----------------------------------------------------------------
8 SHARED VOTING POWER NONE
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 46,401,820 SHARES OF CLASS A
COMMON STOCK
REPORTING
------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NONE
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
DIRECTLY: 46,401,820 SHARES OF CLASS A COMMON STOCK
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
92% OF CLASS A COMMON STOCK
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
<PAGE> 4
(Page 4 of 5 Pages)
Items 3-5.
ROK Acquisition Corporation ("ROK"), a Delaware corporation and a
wholly-owned subsidiary of Rockwell International Corporation ("Rockwell"),
beneficially owns an aggregate of 46,401,820 shares of Class A Common Stock,
par value $.01 per share ("Class A Shares"), of Reliance Electric Company, a
Delaware corporation ("Reliance"), representing approximately 92% of the
outstanding Class A Shares.
On January 18, 1995, ROK purchased 253,537 Class A Shares at a price of
$31 per Class A Share. Such purchase was effected in a privately negotiated
transaction.
On January 19, 1995, ROK purchased 30,000 Class A Shares at a price of
$31 per Class A Share. Such purchase was effected in a privately negotiated
transaction.
On January 19, 1995, ROK purchased 5,250,000 shares of Class C Common
Stock, par value, $.01 per share ("Class C Shares"), of Reliance (which are
convertible into Class A Shares on a 2.708 Class A Shares for 1 Class C Share
basis) at a price of $83.948 per Class C Share. Such purchase was effected in
a privately negotiated transaction.
On January 20, 1995 ROK purchased 19,290 Class A Shares at a price of $31
per Class A Share. Such purchase was effected in a privately negotiated
transaction.
The funds for such purchases made on January 18, 1995, January 19, 1995
and January 20, 1995 were obtained by ROK from Rockwell. Rockwell obtained
such funds from funds available in its cash accounts, including funds obtained
through private placements of Rockwell's commercial paper notes with financial
institutions.
On January 20, 1995 ROK converted 800,000 Class A Shares into 800,000
shares of Class B Common Stock, par value $.01 per share, of Reliance and
converted 3,500,000 Class C Shares into 9,478,000 Class A Shares, in each case
as permitted by and pursuant to Reliance's Restated Certificate of
Incorporation.
ROK now owns at least 90% of the outstanding shares of each class of
stock of Reliance, which enables ROK to cause the merger of ROK into Reliance
(the "Merger") contemplated by the Agreement and Plan of Merger, dated as of
November 21, 1994, by and among Reliance, ROK and Rockwell to become effective
without a meeting of stockholders of Reliance pursuant to Section 253 of the
Delaware General Corporation Law. ROK intends to so cause the Merger to become
effective on or about January 27, 1995 without a meeting of stockholders of
Reliance pursuant to Section 253 of the Delaware General Corporation Law.
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(Page 5 of 5 Pages)
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.
ROCKWELL INTERNATIONAL CORPORATION
By: William J. Calise, Jr.
---------------------------
William J. Calise, Jr.
Senior Vice President,
General Counsel & Secretary
ROK ACQUISITION CORPORATION
By: William J. Calise, Jr.
---------------------------
William J. Calise, Jr.
Secretary
Dated: January 23, 1995
