SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
CSS INDUSTRIES, INC.
(Name of Issuer)
Common Stock, $.10 par value
-------------------------------------
(Title of Class of Securities)
178666 10 3
-------------------------------------
(CUSIP Number)
Alan Singer, Esq.
Morgan, Lewis & Bockius LLP
1701 Market Street
Philadelphia, PA 19103-2921
(215) 963-5224
-------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
February 20, 2004
-------------------------------------
(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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box |_|
Note: Schedules filed in paper format shall include a signed original and two
copies of the Schedule including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
(Page 1 of 12 Pages)
CUSIP No. 178666 10 3 SCHEDULE 13D Page 2 of 12 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Ellen B. Kurtzman
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
______________________________________________________________________________
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
United States of America
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 2,477,058 Shares
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 259,767 Shares
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 2,477,058 Shares
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 259,767 Shares
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,736,825 Shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.2%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
2
CUSIP No. 178666 10 3 SCHEDULE 13D Page 3 of 12 Pages
_______________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Delv, L.P.
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
______________________________________________________________________________
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
SHARES | | 750,000 Shares
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 0 Shares
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 750,000 Shares
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 0 Shares
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
750,000 Shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
PN
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
3
CUSIP No. 178666 10 3 SCHEDULE 13D Page 4 of 12 Pages
_______________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Trust FBO Ellen B. Kurtzman under the 2002 Farber Children's
Trusts dated December 12, 2002
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
______________________________________________________________________________
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
United States of America
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 0 Shares
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 750,000 Shares
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 0 Shares
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 750,000 Shares
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
750,000 Shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
4
CUSIP No. 178666 10 3 SCHEDULE 13D Page 5 of 12 Pages
_______________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Trust FBO David M. Farber under the 2002 Farber Children's
Trusts dated December 12, 2002
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
______________________________________________________________________________
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
United States of America
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 0 Shares
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 750,000 Shares
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 0 Shares
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 750,000 Shares
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
750,000 Shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
5
CUSIP No. 178666 10 3 SCHEDULE 13D Page 6 of 12 Pages
_______________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
The Jack Farber 2003 Irrevocable Trust dated December 15, 2003
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
______________________________________________________________________________
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
United States of America
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 965,151 Shares
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 0 Shares
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 965,151 Shares
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 0 Shares
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
965,151 Shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.2%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
6
CUSIP No. 178666 10 3 SCHEDULE 13D Page 7 of 12 Pages
_______________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
The Vivian Farber 2003 Irrevocable Trust dated December 15, 2003
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
______________________________________________________________________________
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
United States of America
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 351,042 Shares
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 0 Shares
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 351,042 Shares
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 0 Shares
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
351,042 Shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.0%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
7
CUSIP No. 178666 10 3 SCHEDULE 13D Page 8 of 12 Pages
_______________________________________________________________________________
This Amendment No. 2 amends the Schedule 13D, and Amendment
No. 1 thereto, filed by Ellen B. Kurtzman, Delv, L.P. (the "Partnership"), Trust
FBO Ellen B. Kurtzman under The 2002 Farber Children's Trusts dated December 12,
2002 (the "EBK Trust"), Trust FBO David M. Farber under The 2002 Farber
Children's Trusts dated December 12, 2002 (the "DMF Trust," and together with
the EBK Trust, the "Children's Trusts"), The Jack Farber 2003 Irrevocable Trust
dated December 15, 2003 (the "Jack Farber Trust") and The Vivian Farber 2003
Irrevocable Trust dated December 15, 2003 (the "Vivian Farber Trust") with
respect to the common stock, par value $.10 per share ("Common Stock") of CSS
Industries, Inc., a Delaware corporation ("CSS").
Item 5. Interest in Securities of the Issuer
Ellen B. Kurtzman may be deemed to beneficially own 2,736,825
shares of Common Stock (23.2 percent of the issued and outstanding Common Stock
of CSS, based upon information provided by the Company indicating that
11,772,025 shares of Common Stock were issued and outstanding on March 2, 2004.
Of that amount, she has sole voting and investment power with regard to
2,477,058 shares and shared voting and investment power with regard to 259,767
shares. The shares as to which Ellen B. Kurtzman has sole voting and investment
power are as follows:
o 231,587 shares of Common Stock owned directly.
o 179,278 shares of Common Stock held by the Farber Family
Charitable Lead Annuity Trust, of which Ellen B. Kurtzman is the
sole trustee.
o 750,000 shares of Common Stock (6.4 percent of the issued and
outstanding Common Stock of CSS) owned by the Partnership. Ellen
B. Kurtzman exercises voting and investment power through Delv,
Inc. (the "General Partner"), a Delaware corporation and general
partner of the Partnership, which has the sole voting and
investment power with regard to the shares of Common Stock owned
by the Partnership. One-half of the outstanding common stock of
the General Partner is held by each of the Children's Trusts, for
which Ellen B. Kurtzman serves as sole trustee. As a result, the
Children's Trusts may be deemed to have shared voting and
investment power with regard to the 750,000 shares held by the
Partnership. Ellen B. Kurtzman also is the sole director of the
General Partner and serves as the President, Secretary and
Treasurer of the General Partner. In that capacity, Ellen B.
Kurtzman has the power to act on behalf of the General Partner to
vote and dispose of shares held by the Partnership. The General
Partner holds a 0.1 percent interest in the Partnership, and the
remaining 99.9 percent interest in the Partnership is owned by
the 2003 Farber Family Trust (the "2003 Trust"), of which Ellen
B. Kurtzman is the sole trustee. Because the limited partners of
the Partnership, in their capacity as limited partners, do not
have power to vote or dispose of the shares of Common Stock held
by the Partnership, the 2003 Trust is not deemed to have voting
or investment power with respect to the Common Stock held by the
Partnership. The 2003 Trust does not otherwise have voting or
investment power with respect to any shares of Common Stock.
CUSIP No. 178666 10 3 SCHEDULE 13D Page 9 of 12 Pages
o 965,151 shares (8.2 percent of the issued and outstanding stock
of CSS) held by the Jack Farber Trust, of which Ellen B. Kurtzman
is the sole trustee and Jack Farber is the sole beneficiary.
o 351,042 shares held by the Vivian Farber Trust, of which Ellen B.
Kurtzman is the sole trustee and Vivian Farber is the sole
beneficiary.
In addition, Ellen B. Kurtzman shares voting and investment
power with respect to the following shares of common stock:
o 83,475 shares of Common Stock owned by trusts for the benefit of
two of her children, for which she serves as co-trustee with her
mother.
o 176,292 shares of Common Stock owned by two trusts (the "Two
Trusts"), one for the benefit of her son and one for the benefit
of her nephew, for which she serves as co-trustee with her
brother.
The shares referenced as being beneficially owned by Ellen B.
Kurtzman do not include shares owned by the Farber Family Foundation, Inc. (the
"Farber Family Foundation"). Ellen B. Kurtzman, her father, her mother and her
brother are members, officers and directors of the Farber Family Foundation. As
a matter of policy, the Farber Family Foundation, which is a charitable
foundation, does not vote the shares of Common Stock that it owns. Ellen B.
Kurtzman disclaims any beneficial ownership in the shares held by the Farber
Family Foundation.
Subsequent to the filing date of Amendment No. 1 to the Schedule 13D, Ellen B.
Kurtzman and the Two Trusts sold an aggregate of 142,000 shares, as follows:
Ellen B. Kurtzman
Date Number of Shares Price Per Share
---- ---------------- ---------------
February 2, 2004 500 $ 29.97
February 2, 2004 2,000 $ 30.00
February 2, 2004 1,000 $ 30.01
February 2, 2004 1,000 $ 30.02
February 2, 2004 1,400 $ 30.03
February 2, 2004 100 $ 30.04
February 2, 2004 1,000 $ 30.05
February 3, 2004 1,700 $ 30.05
9
CUSIP No. 178666 10 3 SCHEDULE 13D Page 10 of 12 Pages
Date Number of Shares Price Per Share
---- ---------------- ---------------
February 3, 2004 200 $ 30.06
February 3, 2004 200 $ 30.07
February 3, 2004 100 $ 30.09
February 3, 2004 3,500 $ 30.10
February 3, 2004 500 $ 30.11
February 3, 2004 300 $ 30.14
February 3, 2004 700 $ 30.15
February 3, 2004 300 $ 30.16
February 4, 2004 6,000 $ 30.00
February 4, 2004 6,000 $ 30.02
February 5, 2004 6,500 $ 29.95
February 5, 2004 1,000 $ 29.97
February 5, 2004 1,000 $ 30.00
February 17, 2004 30,000 $ 30.55
February 18, 2004 3,000 $ 30.65
February 18, 2004 900 $ 30.70
February 18, 2004 1,000 $ 30.80
February 18, 2004 2,000 $ 30.82
February 18, 2004 1,000 $ 31.00
February 18, 2004 200 $ 31.20
February 20, 2004 6,900 $ 29.65
February 20, 2004 2,000 $ 29.64
February 20, 2004 100 $ 29.66
February 20, 2004 2,000 $ 29.69
February 20, 2004 1,800 $ 29.90
February 20, 2004 100 $ 29.95
February 23, 2004 7,000 $ 29.80
February 23, 2004 2,300 $ 29.85
February 24, 2004 1,000 $ 29.80
February 24, 2004 1,000 $ 29.82
February 24, 2004 1,000 $ 29.85
February 24, 2004 1,000 $ 29.90
February 24, 2004 700 $ 29.99
--------
Total 100,000
10
CUSIP No. 178666 10 3 SCHEDULE 13D Page 11 of 12 Pages
The Two Trusts
Date Number of Shares Price Per Share
---- ---------------- ---------------
February 4, 2004 4,000 $ 30.02
February 4, 2004 800 $ 30.00
February 5, 2004 2,000 $ 29.95
February 5, 2004 1,300 $ 30.00
February 6, 2004 6,300 $ 29.90
February 6, 2004 1,600 $ 29.91
February 6, 2004 3,200 $ 30.00
February 6, 2004 100 $ 30.05
February 9, 2004 1,000 $ 29.99
February 9, 2004 1,700 $ 30.00
February 17, 2004 20,000 $ 30.55
------
Total 42,000
Except as noted in the following sentence, all of these transactions were
effected in the public trading markets. The sales on February 17, 2004 were made
directly to CSS pursuant to CSS's stock repurchase program, which was authorized
by CSS's Board of Directors. The purchase price per share for the sales to CSS
was based upon, and equal to, the purchase price per share determined in
connection with a separate transaction under which an executive officer and
director of CSS sold shares of CSS common stock to CSS on February 13, 2004. The
purchase price per share in the sale by the executive officer and director was
determined through negotiations between the executive officer and director and a
Special Committee of the Board of Directors (consisting of three non-management
directors). The sales to CSS on February 17, 2004 were approved by said Special
Committee on February 13, 2004.
11
CUSIP No. 178666 10 3 SCHEDULE 13D Page 12 of 12 Pages
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, we certify
that the information set forth in this statement is true, complete and correct.
/s/ Ellen B. Kurtzman
------------------------------------------------
Ellen B. Kurtzman
DELV, L.P.
By: DELV, INC., its General Partner
By: /s/ Ellen B. Kurtzman
-----------------------------------
Ellen B. Kurtzman, President
TRUST FBO ELLEN B. KURTZMAN UNDER THE 2002 FARBER
CHILDREN'S TRUSTS DATED DECEMBER 12, 2002
By: /s/ Ellen B. Kurtzman
------------------------------------------
Ellen B. Kurtzman, Trustee
TRUST FBO DAVID M. FARBER UNDER THE 2002 FARBER
CHILDREN'S TRUSTS DATED DECEMBER 12, 2002
By: /s/ Ellen B. Kurtzman
------------------------------------------
Ellen B. Kurtzman, Trustee
THE JACK FARBER 2003 IRREVOCABLE TRUST DATED
DECEMBER 15, 2003
By: /s/ Ellen B. Kurtzman
------------------------------------------
Ellen B. Kurtzman, Trustee
THE VIVIAN FARBER 2003 IRREVOCABLE TRUST DATED
DECEMBER 15, 2003
By: /s/ Ellen B. Kurtzman
------------------------------------------
Ellen B. Kurtzman, Trustee
Date: March 11, 2004
12