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VALHI INC /DE/ — Director's Dealing 2004
Feb 25, 2004
32913_dirs_2004-02-24_3d5b5956-7a2a-4d61-adce-51140952d577.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TITANIUM METALS CORP (tie)
CIK: 0001011657
Period of Report: 2004-02-20
Reporting Person: CONTRAN CORP (10% Owner)
Reporting Person: TREMONT LLC (10% Owner)
Reporting Person: VALHI INC /DE/ (10% Owner)
Reporting Person: VALHI GROUP INC (10% Owner)
Reporting Person: NATIONAL CITY LINES INC (10% Owner)
Reporting Person: NOA INC (10% Owner)
Reporting Person: DIXIE HOLDING CO (10% Owner)
Reporting Person: DIXIE RICE AGRICULTURE CORP INC (10% Owner)
Reporting Person: SOUTHWEST LOUISIANA LAND CO INC (10% Owner)
Reporting Person: SIMMONS HAROLD C (10% Owner)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2004-02-20 | TIMET Capital Trust I Convertible Preferred | $0 | J | 1600000 | Disposed | 2026-12-01 | Common Stock $.01 par value (214240) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| TIMET Capital Trust I Convertible Preferred | $0 | 2026-12-01 | Common Stock $.01 par value (1968) | 14700 | Indirect |
Footnotes
F1: The 6 5/8% Convertible Preferred Securities, Beneficial Unsecured Convertible Securities of TIMET Capital Trust I
F2: The 6 5/8% Convertible Preferred Securities, Beneficial Unsecured Convertible Securities of TIMET Capital Trust I conversion ratio is 1 for 0.1339 shares of common stock of the issuer.
F3: On February 20, 2004, Contran Corporation sold, in a private transaction, 1,600,000 6 5/8% Convertible Preferred Securities, Beneficial Unsecured Convertible Securities, liquidation preference $50 per security, which represent undivided beneficial ownership interests in the assets of TIMET Capital Trust I, a Delaware statutory business trust, to the spouse of Harold C. Simmons for an aggregate purchase price of $19,500,000.00. The purchase price consisted of the reduction in full of $19,090,847.00 of indebtedness and the balance in cash. See the Additional Information filed as an exhibit to this statement for a description of the relationship among the persons joining in this filing.
F4: Exercisable immediately.
F5: Directly held by Valhi, Inc. See the Additional Information filed as an exhibit to this statement for a description of the relationship among the persons joining in this filing.