BRINKS CO — Major Shareholding Notification 2008

Nov 22, 2008

SC 13D/A 1 sc13da701874113_11202008.htm sc13da701874113_11202008.htm Licensed to: Olshan Document Created using EDGARizer 4.0.6.4 Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

§ 240.13d-2(a)

(Amendment No. 7) 1

The Brink’s Company

(Name of Issuer)

Common Stock, par value $1.00

(Title of Class of Securities)

109696104

(CUSIP Number)

STEVEN WOLOSKY, ESQ.

OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP

Park Avenue Tower

65 East 55th Street

New York, New York 10022

(212) 451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

November 20, 2008

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨ .

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

---

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 disclosures provided in a prior cover page.

The information required on 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 ).

CUSIP NO. 109696104

| 1 | NAME
OF REPORTING PERSON STEEL
PARTNERS II, L.P. | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) o |
| 3 | SEC
USE ONLY | |
| 4 | SOURCE
OF FUNDS WC | |
| 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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE
VOTING POWER 2,874,000
(1) |
| | 8 | SHARED
VOTING POWER - 0
- |
| | 9 | SOLE
DISPOSITIVE POWER 2,874,000
(1) |
| | 10 | SHARED
DISPOSITIVE POWER - 0
- |
| 11 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,874,000
(1) | |
| 12 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES | ¨ |
| 13 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.3% | |
| 14 | TYPE
OF REPORTING PERSON PN | |

(1) Represents 2,874,000 Shares underlying call options.

2

CUSIP NO. 109696104

| 1 | NAME
OF REPORTING PERSON STEEL
PARTNERS II GP LLC | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) o |
| 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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE
VOTING POWER 2,874,000
(1) |
| | 8 | SHARED
VOTING POWER - 0
- |
| | 9 | SOLE
DISPOSITIVE POWER 2,874,000
(1) |
| | 10 | SHARED
DISPOSITIVE POWER - 0
- |
| 11 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,874,000
(1) | |
| 12 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES | ¨ |
| 13 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.3% | |
| 14 | TYPE
OF REPORTING PERSON OO | |

(1) Represents 2,874,000 Shares underlying call options.

3

CUSIP NO. 109696104

| 1 | NAME
OF REPORTING PERSON STEEL
PARTNERS II MASTER FUND L.P. | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) o |
| 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 CAYMAN
ISLANDS | |
| NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE
VOTING POWER 2,874,000
(1) |
| | 8 | SHARED
VOTING POWER - 0
- |
| | 9 | SOLE
DISPOSITIVE POWER 2,874,000
(1) |
| | 10 | SHARED
DISPOSITIVE POWER - 0
- |
| 11 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,874,000
(1) | |
| 12 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES | ¨ |
| 13 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.3% | |
| 14 | TYPE
OF REPORTING PERSON PN | |

(1) Represents 2,874,000 Shares underlying call options.

4

CUSIP NO. 109696104

| 1 | NAME
OF REPORTING PERSON STEEL
PARTNERS LLC | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) o |
| 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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE
VOTING POWER 2,874,000
(1) |
| | 8 | SHARED
VOTING POWER - 0
- |
| | 9 | SOLE
DISPOSITIVE POWER 2,874,000
(1) |
| | 10 | SHARED
DISPOSITIVE POWER - 0
- |
| 11 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,874,000
(1) | |
| 12 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES | ¨ |
| 13 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.3% | |
| 14 | TYPE
OF REPORTING PERSON OO | |

(1) Represents 2,874,000 Shares underlying call options.

5

CUSIP NO. 109696104

| 1 | NAME
OF REPORTING PERSON WARREN
G. LICHTENSTEIN | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) o |
| 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 USA | |
| NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE
VOTING POWER 2,874,000
(1) |
| | 8 | SHARED
VOTING POWER - 0
- |
| | 9 | SOLE
DISPOSITIVE POWER 2,874,000
(1) |
| | 10 | SHARED
DISPOSITIVE POWER - 0
- |
| 11 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,874,000
(1) | |
| 12 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES | ¨ |
| 13 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.3% | |
| 14 | TYPE
OF REPORTING PERSON IN | |

(1) Represents 2,874,000 Shares underlying call options.

6

CUSIP NO. 109696104

The following constitutes Amendment No. 7 to the Schedule 13D filed by the undersigned (“Amendment No. 7”). This Amendment No. 7 amends the Schedule 13D as specifically set forth.

ITEM 3. Source and Amount of Funds or Other Consideration .

Item 3 is hereby amended and restated to read as follows:

The aggregate purchase price of the call options exercisable into 2,874,000 Shares owned by Steel Partners II is approximately $3,621,240, including brokerage commissions. The call options of the Issuer owned by Steel Partners II were acquired with partnership funds.

Steel Partners II effects purchases of securities primarily through margin accounts maintained for it with prime brokers, which may extend margin credit to it as and when required to open or carry positions in the margin accounts, subject to applicable federal margin regulations, stock exchange rules and the prime brokers’ credit policies. In such instances, the positions held in the margin accounts are pledged as collateral security for the repayment of debit balances in the accounts.

ITEM 5. Interest in Securities of the Issuer .

Item 5(a) is hereby amended and restated to read as follows:

(a) The aggregate percentage of Shares reported owned by each person named herein is based upon 45,769,171 Shares outstanding, which is the total number of Shares outstanding as of October 29, 2008 as reported in the Issuer’s quarterly report on Form 10-Q for the period ended September 30, 2008, filed with the Securities and Exchange Commission on October 31, 2008.

As of the close of business on November 20, 2008, Steel Partners II beneficially owned 2,874,000 Shares (consisting of 2,874,000 Shares underlying call options), constituting approximately 6.3% of the Shares outstanding. By virtue of their relationships with Steel Partners II discussed in further detail in Item 2, each of Steel GP LLC, Steel Master, Partners LLC and Warren G. Lichtenstein may be deemed to beneficially own the Shares owned by Steel Partners II.

Item 5(c) is hereby amended to add the following:

(c) Schedule A annexed hereto lists all transactions in securities of the Issuer by the Reporting Persons during the past sixty days. All of such transactions were effected in the open market.

ITEM 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer .

Item 6 is hereby amended to add the following:

As of the close of business on November 20, 2008, Steel Partners II held call options to purchase 2,874,000 Shares at a strike price of $45 per Share. The call options expire on January 17, 2009.

7

CUSIP NO. 109696104

SIGNATURES

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

| Dated: November
21, 2008 | |
| --- | --- |
| By: | Steel
Partners II GP LLC General
Partner |
| By: | /s/
Sanford Antignas |
| | Sanford
Antignas as
Attorney-In-Fact for Warren G. Lichtenstein, Managing
Member |

| STEEL
PARTNERS II GP LLC | |
| --- | --- |
| By: | /s/
Sanford Antignas |
| | Sanford
Antignas as
Attorney-In-Fact for Warren G. Lichtenstein, Managing
Member |

| STEEL
PARTNERS II MASTER FUND L.P. | |
| --- | --- |
| By: | Steel
Partners II GP LLC General
Partner |
| By: | /s/
Sanford Antignas |
| | Sanford
Antignas as
Attorney-In-Fact for Warren G. Lichtenstein, Managing
Member |

| STEEL
PARTNERS LLC | |
| --- | --- |
| By: | /s/
Sanford Antignas |
| | Sanford
Antignas as
Attorney-In-Fact for Warren G. Lichtenstein, Manager |

| /s/
Sanford Antignas |
| --- |
| SANFORD
ANTIGNAS as
Attorney-In-Fact for Warren G.
Lichtenstein |

8

CUSIP NO. 109696104

SCHEDULE A

Transactions in Securities of the Issuer During the Past Sixty Days

Class of Security Securities Purchased / (Sold) Price ($) Date of Purchase / Sale

STEEL PARTNERS II, L.P.

| Call
Option ($45.00
Strike Price) | 19,000 | 11.2421 | 10/07/08 |
| --- | --- | --- | --- |
| Call
Option ($60.00
Strike Price) | (19,000) | 3.2210 | 10/07/08 |
| Call
Option ($45.00
Strike Price) | 9,740 | 10.5000 | 10/08/08 |
| Call
Option ($60.00
Strike Price) | (9,740) | 3.0000 | 10/08/08 |
| Call
Option ($45.00
Strike Price) | 28,740 | 3.4000 | 10/28/08 |
| Call
Option ($45.00
Strike Price) | (28,740) | 3.4000 | 10/28/08 |
| Closed
Short Call Option ($80.00
Strike Price) | 16,842 | 0.2500 | 10/28/08 |
| Call
Option ($45.00
Strike Price) | 28,740 | 1.2500 | 11/14/08 |
| Call
Option ($45.00
Strike Price) | (28,740) | 1.2500 | 11/14/08 |

STEEL PARTNERS II GP LLC

None

STEEL PARTNERS II MASTER FUND L.P.

None

STEEL PARTNERS LLC

None

WARREN G. LICHTENSTEIN

None

9