UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

(Amendment No. 26)*

 

 

The Valspar Corporation

(Name of Issuer)

Common Stock, $0.50 Par Value

(Title of Class of Securities)

920355104

(CUSIP Number)

December 31, 2016

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

* 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 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. 920355104   13G  

 

 

NAME OF REPORTING PERSONS

 

C. Angus Wurtele

2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ☐         (b)  ☐

 

3  

SEC USE ONLY

 

4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

0

   6   

SHARED VOTING POWER

 

38,400 *

   7   

SOLE DISPOSITIVE POWER

 

0

   8   

SHARED DISPOSITIVE POWER

 

38,400 *

9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

38,400 *

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  ☐

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0% *

12  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IN

 

* See Item 4.


CUSIP No. 920355104    13G   

 

Item 1.

 

   
  (a)  

Name of Issuer:

 

   

The Valspar Corporation

 

  (b)  

Address of Issuer’s Principal Executive Offices:

 

   

1101 S. Third Street

Minneapolis, MN 55415

 

Item 2.

   
  (a)  

Name of Person Filing:    See Cover Page Item 1

 

  (b)  

Address of Principal Business Office or, if none, Residence:

 

    4900 IDS Center
    80 So. 8 th Street
   

Minneapolis, MN 55402

 

  (c)  

Citizenship:    See Cover Page Item 4

 

  (d)  

Title of Class of Securities:    Common Stock

 

  (e)  

CUSIP Number:    See Cover Page

 

Item 3.

 

If this statement is filed pursuant to §240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

 

Not applicable

 

Item 4.

  Ownership.
  (a)  

Amount beneficially owned:

 

As of December 31, 2016, Mr. Wurtele may be deemed to be the beneficial owner of a total of 38,400 shares of common stock, $0.50 par value per share, of the Issuer (the “ Common Stock ”). All of these shares are beneficially owned by Mr. Wurtele’s wife, Margaret V.B. Wurtele. Mr. Wurtele disclaims beneficial ownership of all of the 38,400 shares of Common Stock owned by Ms. Wurtele.

 

The amount beneficially owned by Mr. Wurtele does not include any of the 4,855,500 shares of Common Stock held by the C. Angus Wurtele and Margaret V.B. Wurtele Charitable Remainder Trust dated May 17, 2016. Neither Mr. Wurtele nor Ms. Wurtele is the trustee of such trust. Neither Mr. Wurtele nor Ms. Wurtele has any voting or dispositive power over the shares of Common Stock held by such trust.

 

 

(b)

 

Percent of class:

 

As of December 31, 2016, Mr. Wurtele may be deemed to be the beneficial owner of 0% of the shares of Common Stock outstanding. This percentage was calculated based on 79,422,893 shares of Common Stock as of December 13, 2016, as reported by the Issuer.


  (c)   Number of shares as to which the person has:
   

(i)     Sole power to vote or to direct the vote:    See Cover Page Item 5

   

(ii)    Shared power to vote or to direct the vote:    See Cover Page Item 6

   

(iii)  Sole power to dispose or to direct the disposition of:    See Cover Page Item 7

   

(iv)   Shared power to dispose or to direct the disposition of:    See Cover Page Item 8

Item 5.   Ownership of Five Percent or Less of a Class:    
  The reporting person owns less than 5%.
Item 6.   Ownership of More than Five Percent on Behalf of Another Person:
  Not applicable
Item 7.   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person:
  Not applicable
Item 8.   Identification and Classification of Members of the Group:
  Not applicable
Item 9.   Notice of Dissolution of Group:
  Not applicable
Item 10.   Certifications:
  Not applicable


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.

 

February 1, 2017

Date

/s/ C. Angus Wurtele

C. Angus Wurtele

 

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