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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)*
TALLEY INDUSTRIES, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
874687 10 6
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(CUSIP Number)
PATRICK J. GILMARTIN, ONE WILLIAM STREET, NEW YORK, NY 10004 (212) 425-3220
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 10, 1996
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(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 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.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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
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 13D
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CUSIP NO. 874687 10 6 Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JOHN J. MCMULLEN ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO / /
ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
1,202,930
NUMBER OF -------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 702,919
OWNED BY -------------------------------------------------------------
EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 1,905,849
WITH -------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,905,849
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.5%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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SCHEDULE 13D
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CUSIP NO. 874687 10 6 Page 3 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WELLS FARGO BANK OF ARIZONA, N.A.
(formerly First Interstate Bank of Arizona, N.A.)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO / /
ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
NUMBER OF -------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 702,919
OWNED BY -------------------------------------------------------------
EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH -------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
702,919
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5%
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14 TYPE OF REPORTING PERSON*
BK
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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SCHEDULE 13D
(Amendment No. 4)
This Amendment No. 4 amends the joint statement of John J. McMullen
("JJM") and Wells Fargo Bank of Arizona, N.A. (formerly First Interstate Bank
of Arizona, N.A.) (the "Trustee") on Schedule 13D dated March 17, 1988, as
amended by Amendment No. 1 dated May 9, 1990, and as amended and restated in
its entirety by Amendment No. 2 dated February 14, 1996 and as amended by
Amendment No. 3 dated June 3, 1996. Except as amended by this Amendment No. 4,
the joint statement of JJM and Trustee is unchanged.
Item 4 is amended by adding the following:
Pursuant to the Voting Trust Agreement, the Trustee
transferred to Goldman, Sachs & Co. ("Goldman") record
ownership of 402,930 shares of Common Stock of the issuer
("Pledged Shares") as security for a loan to JJM, pursuant
to customary margin loan arrangements. The transfer was
effective June 3, 1996, and was originally and more fully
reported by Amendment No. 3. Pursuant to the Voting Trust
Agreement, the Trustee transferred record ownership of an
additional 800,000 Pledged Shares to Goldman, effective
July 10, 1996. All Pledged Shares are held for the benefit
of JJM, and shall continue to be voted in accordance with the
Voting Trust Agreement. Except in the case of a default under
the margin loan arrangements or joint instruction from both
JJM and the issuer, the Pledged Shares shall be returned to
the Trustee when the margin loan is repaid.
Item 5 is amended by adding the following:
Reference is made to cover pages 2-3 for information
amending Item 5(a) and (b).
(c) As described in Item 4 above, effective July 10, 1996
800,000 shares of the issuer's Common Stock were transferred
from the Trustee to Goldman as security for a loan to JJM,
to be held for the benefit of JJM.
(d) Goldman has the right in the event of default under
the margin loan arrangements described therein to direct the
receipt of dividends from and the proceeds of the sale of the
Pledged Shares.
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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: July 25, 1996
John J. McMullen
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John J. McMullen
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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: July 19, 1996
WELLS FARGO BANK OF ARIZONA, N.A.
(formerly First Interstate Bank of Arizona, N.A.)
AS TRUSTEE
By: Kathleen Jakubowicz
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Kathleen Jakubowicz
Assistant Vice President
