SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 32)(1)
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)
July 12, 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.
--------
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 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).
(Page 1 of 15 Pages)
CUSIP NO. 178666 10 3 SCHEDULE 13D PAGE 2 OF 15 PAGES
--------------- ----------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jack Farber
--------------- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP* (A) |_|
(B) |_|
--------------- ----------------------------------------------------------------
3 SEC USE ONLY
--------------- ----------------------------------------------------------------
4 SOURCE OF FUNDS PF, 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 7 SOLE VOTING POWER 78,510 Shares
OF SHARES ------ ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 518,954 Shares
OWNED BY EACH ------ ---------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER 78,510 Shares
PERSON ------ ---------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER 518,954 Shares
--------------- ------ ---------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 597,464 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) 5.0%
--------------- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
--------------- ----------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 178666 10 3 SCHEDULE 13D PAGE 3 OF 15 PAGES
This Amendment No. 32 amends the Schedule 13D filed by Jack Farber with respect
to shares of common stock, par value $.10 per share, ("Common Stock") of CSS
Industries, Inc., a Delaware corporation ("CSS"), as such statement has been
amended from time to time.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
------
Jack Farber may be deemed to beneficially own 597,464 shares of Common
Stock (5.0% of the issued and outstanding Common Stock of CSS, based upon
information set forth in CSS' Form 10-Q for the quarter ended September 30, 2004
indicating that 11,943,592 shares of Common Stock were issued and outstanding on
October 28, 2004). Of that amount, he has sole voting and investment power with
regard to 78,510 shares of Common Stock that he owns directly and may be deemed
to have shared voting and investment power with regard to 518,954 shares of
Common Stock. Shares as to which he has shared voting and investment power
include the following:
o 158,303 shares of Common Stock held by a trust for the benefit of
David M. Farber, Jack Farber's son, for which Jack Farber and David
M. Farber are co-trustees (the "David Farber Trust"). A majority of
the trustees of the David Farber Trust is required to vote or
dispose of the shares of Common Stock owned by the David Farber
Trust; and
o 83,475 shares of Common Stock owned by trusts for the benefit of two
of Jack Farber's grandchildren (together, the "Grandchildren
Trusts"), for which Jack Farber's wife serves as co-trustee with his
daughter.
In addition, Jack Farber may be deemed to share voting and investment
power with respect to shares of Common Stock held by the following entities.
Jack Farber disclaims beneficial ownership with regard to these shares:
o 245,500 shares held by the Farber Family Foundation, Inc. (the
"Farber Family Foundation"). Jack Farber, Vivian Farber, his wife,
Ellen B. Kurtzman, his daughter and David M. Farber, his son, are
the members, officers and directors of the Farber Family Foundation,
which is a charitable foundation. As a matter of policy, the Farber
Family Foundation does not vote the shares of Common Stock that it
owns. The shares described above in this paragraph do not include
88,224 shares that are held by the Farber Family Foundation with
respect to which Ellen B. Kurtzman has sole voting and investment
power.
o 31,676 shares held by the Farber Foundation, Inc. (the "Farber
Foundation"). Jack Farber, Steven V. Dubin, an officer and director
of CSS, and Clifford E. Pietrafitta, an officer of CSS, are members
of, and together with David J. M. Erskine, a director and officer of
CSS, are directors of, the Farber Foundation, which is a charitable
foundation. As a matter of policy, the Farber Foundation does not
vote the shares of common stock that it owns.
CUSIP NO. 178666 10 3 SCHEDULE 13D PAGE 4 OF 15 PAGES
Additional information regarding the persons other than Jack Farber
identified in this item is contained in Appendix A attached hereto.
The shares referenced as being beneficially owned by Jack Farber do not
include shares owned by the Farber Family Charitable Lead Annuity Trust (the
"Farber Charitable Trust"). Ellen B. Kurtzman is the sole trustee of the Farber
Charitable Trust.
Following the date of the last transaction reported in Amendment No. 31
to Jack Farber's Schedule 13D, each of Jack Farber and the Farber Family
Foundation acquired 50,000 shares of Common Stock on November 8, 2004 as a
result of contributions made by the Jack Farber 2003 Irrevocable Trust dated
December 15, 2003 (the "2003 Trust"). Ellen B. Kurtzman is the sole trustee of
the 2003 Trust. In addition, Jack Farber and the Farber Family Foundation sold
an aggregate of 316,500 shares of Common Stock as follows:
JACK FARBER
NUMBER PRICE
DATE OF SALE OF SHARES PER SHARE ($)
------------ --------- -------------
April 5, 2004 100 33.31
April 5, 2004 200 33.39
April 5, 2004 500 33.45
April 5, 2004 100 33.49
April 6, 2004 700 33.40
April 6, 2004 600 33.42
April 6, 2004 1,300 33.43
April 6, 2004 500 33.50
April 6, 2004 1,000 33.53
April 6, 2004 500 33.55
April 6, 2004 500 33.60
April 12, 2004 1,000 33.65
April 12, 2004 700 33.74
April 13, 2004 200 33.50
April 13, 2004 200 33.55
April 13, 2004 100 33.75
April 14, 2004 500 33.41
April 14, 2004 500 33.35
April 14, 2004 2,800 33.40
April 19, 2004 2,300 34.00
April 20, 2004 1,000 34.05
April 22, 2004 2,000 34.10
April 22, 2004 300 34.64
April 22, 2004 100 34.63
April 22, 2004 300 34.61
April 26, 2004 100 35.00
CUSIP NO. 178666 10 3 SCHEDULE 13D PAGE 5 OF 15 PAGES
JACK FARBER (CONTINUED)
NUMBER PRICE
DATE OF SALE OF SHARES PER SHARE ($)
------------ --------- -------------
April 27, 2004 600 34.92
April 27, 2004 1,200 34.95
April 27, 2004 200 34.96
April 27, 2004 400 35.00
April 28, 2004 1,400 34.73
April 29, 2004 1,500 35.00
April 29, 2004 600 34.90
May 3, 2004 400 34.10
May 3, 2004 100 34.11
May 3, 2004 300 34.19
May 3, 2004 200 34.21
May 3, 2004 500 34.24
May 3, 2004 500 34.25
May 3, 2004 1,000 34.76
May 3, 2004 1,000 34.85
May 3, 2004 1,000 35.00
May 4, 2004 900 35.00
May 4, 2004 100 35.11
May 11, 2004 1,000 33.53
May 11, 2004 1,000 33.55
May 11, 2004 1,000 33.56
May 11, 2004 1,000 33.59
May 11, 2004 500 33.65
May 11, 2004 1,000 33.66
May 11, 2004 500 33.75
May 17, 2004 5,100 34.00
May 18, 2004 900 34.00
May 24, 2004 1,000 35.15
May 24, 2004 1,900 35.19
May 24, 2004 1,100 35.20
May 24, 2004 1,000 35.25
May 25, 2004 1,000 35.55
June 1, 2004 1,000 34.70
June 1, 2004 1,000 34.80
June 1, 2004 1,000 35.00
June 1, 2004 1,000 35.20
June 2, 2004 1,800 35.15
June 2, 2004 200 35.20
June 7, 2004 900 34.60
June 7, 2004 100 34.62
June 9, 2004 2,000 33.97
June 9, 2004 3,000 34.00
CUSIP NO. 178666 10 3 SCHEDULE 13D PAGE 6 OF 15 PAGES
JACK FARBER (CONTINUED)
NUMBER PRICE
DATE OF SALE OF SHARES PER SHARE ($)
------------ --------- -------------
June 14, 2004 1,000 35.19
June 16, 2004 1,900 35.00
June 16, 2004 100 35.03
June 16, 2004 1,000 35.12
June 17, 2004 1,900 34.90
June 17, 2004 100 34.96
June 21, 2004 200 34.82
June 22, 2004 1,800 34.80
June 23, 2004 1,000 34.85
June 23, 2004 200 34.99
June 24, 2004 2,800 34.99
June 28, 2004 500 35.60
June 29, 2004 100 35.39
June 30, 2004 1,800 35.00
June 30, 2004 200 35.01
June 30, 2004 1,000 35.10
July 1, 2004 200 34.74
July 1, 2004 900 34.70
July 2, 2004 600 34.65
July 2, 2004 700 34.66
July 8, 2004 1,600 34.02
July 8, 2004 400 34.03
July 9, 2004 600 33.60
July 12, 2004 1,700 33.45
July 12, 2004 2,700 33.40
July 12, 2004 100 33.61
July 12, 2004 400 33.60
July 12, 2004 100 33.51
July 12, 2004 400 33.50
July 12, 2004 200 33.69
July 12, 2004 1,200 33.62
July 12, 2004 100 33.46
July 13, 2004 2,000 33.36
July 13, 2004 200 33.46
July 13, 2004 300 33.60
July 20, 2004 400 33.15
July 20, 2004 100 33.16
July 20, 2004 400 33.25
July 20, 2004 100 33.26
July 20, 2004 300 33.33
July 20, 2004 200 33.34
July 20, 2004 400 33.35
CUSIP NO. 178666 10 3 SCHEDULE 13D PAGE 7 OF 15 PAGES
JACK FARBER (CONTINUED)
NUMBER PRICE
DATE OF SALE OF SHARES PER SHARE ($)
------------ --------- -------------
July 20, 2004 100 33.36
July 21, 2004 1,500 33.00
July 21, 2004 100 33.04
July 21, 2004 800 33.15
July 21, 2004 100 33.20
July 22, 2004 1,300 32.90
July 22, 2004 200 32.93
July 27, 2004 100 31.27
July 27, 2004 300 31.28
July 27, 2004 1,600 31.29
July 27, 2004 2,000 31.35
July 27, 2004 300 31.36
July 28, 2004 1,000 31.04
July 28, 2004 200 30.74
July 28, 2004 500 30.87
August 2, 2004 1,500 31.00
August 2, 2004 400 31.01
August 2, 2004 1,000 31.10
August 2, 2004 100 31.15
August 3, 2004 200 30.50
August 4, 2004 1,000 29.74
August 4, 2004 1,000 29.75
August 4, 2004 800 29.77
August 9, 2004 3,000 29.27
August 10, 2004 3,000 29.23
August 16, 2004 1,900 30.00
August 16, 2004 700 30.01
August 16, 2004 100 30.10
August 17, 2004 2,100 29.90
August 17, 2004 200 29.91
August 17, 2004 500 29.94
August 17, 2004 500 30.05
August 23, 2004 800 31.17
August 24, 2004 3,000 30.89
August 24, 2004 100 30.90
August 25, 2004 2,100 30.60
August 30, 2004 3,000 30.09
August 30, 2004 100 30.21
August 30, 2004 300 30.34
August 30, 2004 600 30.33
August 30, 2004 1,300 30.37
August 30, 2004 400 30.35
CUSIP NO. 178666 10 3 SCHEDULE 13D PAGE 8 OF 15 PAGES
JACK FARBER (CONTINUED)
NUMBER PRICE
DATE OF SALE OF SHARES PER SHARE ($)
------------ --------- -------------
August 30, 2004 200 30.65
August 30, 2004 100 30.74
September 7, 2004 1,000 31.41
September 7, 2004 1,000 31.45
September 7, 2004 1,000 31.52
September 8, 2004 300 31.75
September 8, 2004 700 31.65
September 9, 2004 100 31.07
September 9, 2004 100 31.06
September 9, 2004 1,800 31.05
September 13, 2004 1,500 31.15
September 13, 2004 800 31.16
September 13, 2004 2,000 31.18
September 13, 2004 1,200 31.20
September 13, 2004 500 31.23
September 22, 2004 6,000 30.14
September 27, 2004 6,000 29.52
October 4, 2004 3,800 31.70
October 4, 2004 100 31.71
October 4, 2004 2,100 31.80
October 11, 2004 600 30.94
October 11, 2004 300 31.00
October 11, 2004 100 31.02
October 12, 2004 100 30.70
October 12, 2004 1,400 30.71
October 12, 2004 600 30.74
October 12, 2004 1,000 30.75
October 12, 2004 1,900 30.80
October 20, 2004 2,000 29.75
October 20, 2004 1,000 29.76
October 20, 2004 600 29.83
October 20, 2004 1,000 30.02
October 21, 2004 500 29.70
October 21, 2004 400 29.71
October 21, 2004 500 29.72
October 26, 2004 400 31.02
October 27, 2004 3,100 31.00
October 27, 2004 300 31.02
October 27, 2004 1,000 31.05
October 27, 2004 500 31.07
October 27, 2004 500 31.10
October 27, 2004 200 31.15
CUSIP NO. 178666 10 3 SCHEDULE 13D PAGE 9 OF 15 PAGES
JACK FARBER (CONTINUED)
NUMBER PRICE
DATE OF SALE OF SHARES PER SHARE ($)
------------ --------- -------------
November 1, 2004 300 30.88
November 1, 2004 1,700 30.89
November 1, 2004 2,000 30.95
November 1, 2004 1,000 31.00
November 1, 2004 1,000 31.13
November 8, 2004 2,000 31.80
November 9, 2004 800 31.92
November 9, 2004 100 31.90
November 9, 2004 1,800 31.96
November 10, 2004 400 31.85
November 10, 2004 500 31.95
November 10, 2004 100 31.96
November 10, 2004 300 32.00
November 16, 2004 600 31.60
November 16, 2004 1,000 31.70
November 16, 2004 3,000 31.75
November 16, 2004 500 31.76
November 16, 2004 100 31.77
November 17, 2004 200 31.76
November 17, 2004 200 31.78
November 17, 2004 400 31.79
November 22, 2004 1,900 31.60
November 22, 2004 100 31.61
November 22, 2004 1,300 31.62
November 22, 2004 200 31.63
November 22, 2004 500 31.70
November 22, 2004 500 31.72
November 22, 2004 500 31.78
November 22, 2004 800 31.81
November 22, 2004 200 31.82
November 29, 2004 400 31.88
November 29, 2004 3,100 31.87
November 29, 2004 1,400 31.90
November 29, 2004 100 31.91
November 29, 2004 1,000 31.97
December 7, 2004 2,000 31.40
December 7, 2004 800 31.55
December 7, 2004 100 31.56
December 7, 2004 100 31.57
December 7, 2004 1,200 31.65
December 7, 2004 1,000 31.71
December 7, 2004 300 31.75
CUSIP NO. 178666 10 3 SCHEDULE 13D PAGE 10 OF 15 PAGES
JACK FARBER (CONTINUED)
NUMBER PRICE
DATE OF SALE OF SHARES PER SHARE ($)
------------ --------- -------------
December 8, 2004 500 31.34
December 13, 2004 1,000 31.51
December 14, 2004 1,000 31.45
December 14, 2004 200 31.46
December 14, 2004 1,000 31.47
December 15, 2004 1,300 31.30
December 15, 2004 200 31.37
December 15, 2004 500 31.38
December 15, 2004 700 31.42
December 15, 2004 100 31.45
December 20, 2004 200 31.80
December 21, 2004 1,100 31.24
December 21, 2004 400 31.31
December 21, 2004 100 31.32
December 21, 2004 1,000 31.30
December 21, 2004 200 31.52
December 21, 2004 800 31.51
December 22, 2004 2,200 31.53
December 27, 2004 100 31.38
December 27, 2004 400 31.42
December 27, 2004 400 31.45
December 27, 2004 100 31.46
December 27, 2004 600 31.53
December 27, 2004 1,100 31.55
December 27, 2004 100 31.62
December 28, 2004 700 31.31
December 28, 2004 500 31.32
December 29, 2004 500 31.16
December 29, 2004 200 31.19
December 29, 2004 100 31.24
December 30, 2004 1,200 31.25
January 3, 2005 1,100 31.25
January 3, 2005 1,200 31.31
January 3, 2005 100 31.65
January 4, 2005 2,800 31.35
January 4, 2005 700 31.36
January 4, 2005 100 31.37
January 10, 2005 3,000 31.65
January 10, 2005 3,000 31.89
TOTAL 246,000
CUSIP NO. 178666 10 3 SCHEDULE 13D PAGE 11 OF 15 PAGES
FARBER FAMILY FOUNDATION
NUMBER PRICE
DATE OF SALE OF SHARES PER SHARE ($)
------------ --------- -------------
June 1, 2004 800 $34.75
June 1, 2004 1,200 $34.85
June 1, 2004 1,300 $35.20
June 1, 2004 100 $35.23
June 1, 2004 800 $35.12
June 2, 2004 800 $35.02
June 7, 2004 1,000 $34.49
June 9, 2004 1,000 $33.96
June 9, 2004 900 $34.00
June 9, 2004 100 $34.01
June 9, 2004 1,000 $33.92
June 9, 2004 1,000 $34.01
June 14, 2004 1,000 $35.20
June 16, 2004 2,000 $35.00
June 16, 2004 1,000 $35.05
June 16, 2004 100 $35.09
June 17, 2004 800 $34.97
June 17, 2004 100 $35.00
June 21, 2004 1,000 $34.78
June 22, 2004 3,000 $34.68
June 23, 2004 1,000 $34.90
June 28, 2004 500 $35.60
June 30, 2004 1,000 $35.00
June 30, 2004 600 $35.15
July 1, 2004 2,700 $34.70
July 1, 2004 200 $34.71
July 7, 2004 100 $34.41
July 8, 2004 4,600 $34.00
July 8, 2004 300 $34.15
July 12, 2004 1,500 $33.37
July 12, 2004 500 $33.50
July 13, 2004 3,000 $33.40
July 20, 2004 2,000 $32.95
July 20, 2004 3,000 $33.00
November 16, 2004 500 $32.00
November 23, 2004 400 $32.00
November 24, 2004 800 $32.00
November 26, 2004 200 $32.00
November 29, 2004 1,300 $32.00
November 29, 2004 400 $32.10
November 29, 2004 400 $32.11
November 30, 2004 7,500 $32.00
CUSIP NO. 178666 10 3 SCHEDULE 13D PAGE 12 OF 15 PAGES
FARBER FAMILY FOUNDATION (CONTINUED)
November 30, 2004 500 $32.03
November 30, 2004 1,300 $32.05
November 30, 2004 700 $32.13
December 1, 2004 1,500 $32.02
December 1, 2004 1,900 $32.08
December 1, 2004 1,900 $32.10
December 1, 2004 1,000 $32.13
December 1, 2004 500 $32.15
December 1, 2004 200 $32.18
December 1, 2004 700 $32.50
December 1, 2004 300 $32.51
December 2, 2004 100 $32.59
December 2, 2004 900 $32.49
December 2, 2004 700 $32.52
December 2, 2004 300 $32.60
December 2, 2004 300 $32.61
December 2, 2004 700 $32.58
December 2, 2004 1,000 $32.70
December 3, 2004 100 $32.40
December 3, 2004 900 $32.45
December 3, 2004 100 $32.67
December 3, 2004 700 $32.57
December 3, 2004 200 $32.56
December 3, 2004 500 $32.54
December 3, 2004 100 $32.60
December 6, 2004 600 $32.02
December 6, 2004 800 $32.04
December 6, 2004 100 $32.13
December 6, 2004 100 $32.20
December 6, 2004 300 $32.21
TOTAL 70,500
All of the sales by Jack Farber and the Farber Family Foundation were
effected in the public trading markets pursuant to plans intended to comply with
Rule 10b5-1(c) under the Securities Exchange Act.
CUSIP NO. 178666 10 3 SCHEDULE 13D PAGE 13 OF 15 PAGES
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.
JACK FARBER
------------------
Jack Farber
Date: January 14, 2005
CUSIP NO. 178666 10 3 SCHEDULE 13D PAGE 14 OF 15 PAGES
APPENDIX A
Present principal occupation or employment
and name, principal business and address of
any corporation or other organization in
which such employment is conducted
Name Address
----------------------------- ----------------------------- -----------------------------------------------
Vivian Farber 3056 Miro Drive North Private investor
Palm Beach Gardens, FL 33410
Ellen B. Kurtzman 1105 North Market St. Management of trusts and other entities for
Wilmington, DE 19801 the benefit of family members, Delv L.P. (a
partnership that holds and manages
investments), 1105 North Market Street,
Wilmington, DE 19801
David M. Farber Marshall Auto Sales President, Marshall Auto Sales (an automobile
6050 Old York Road dealer), 6050 Old York Road, Philadelphia, PA
Philadelphia, PA 19141 19141
Steven V. Dubin CSS Industries, Inc. Executive Vice President, CSS Industries,
1845 Walnut Street Inc. (the issuer - a manufacturer and seller
Philadelphia, PA 19103 of seasonal and social expression products),
1845 Walnut Street, Philadelphia, PA 19103
Clifford E. Pietrafitta CSS Industries, Inc. Vice President - Finance,
1845 Walnut Street Chief Financial Officer, CSS Industries, Inc.
Philadelphia, PA 19103 (the issuer - a manufacturer and seller of
seasonal and social expression products),
1845 Walnut Street, Philadelphia, PA 19103
David J. M. Erskine CSS Industries, Inc. President and Chief Executive Officer,
1845 Walnut Street CSS Industries, Inc. (the issuer - a
Philadelphia, PA 19103 manufacturer and seller of seasonal and
social expression products), 1845 Walnut
Street, Philadelphia, PA 19103
During the last five years, none of the persons listed above have been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors).
CUSIP NO. 178666 10 3 SCHEDULE 13D PAGE 15 OF 15 PAGES
During the last five years, none of the persons listed above was a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandatory
activities subject to, Federal or state securities laws or finding any violation
with respect to such laws.
All of the persons listed above are United States citizens.