SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
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)
November 8, 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 13 Pages)
CUSIP No. 178666 10 3 SCHEDULE 13D Page 2 of 13 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 | | 2,352,780 Shares
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 505,267 Shares
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 2,352,780 Shares
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 505,267 Shares
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,858,047 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)
23.9%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 178666 10 3 SCHEDULE 13D Page 3 of 13 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)
6.3%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
PN
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 178666 10 3 SCHEDULE 13D Page 4 of 13 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)
6.3%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 178666 10 3 SCHEDULE 13D Page 5 of 13 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)
6.3%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 178666 10 3 SCHEDULE 13D Page 6 of 13 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 | | 865,151 Shares
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 0 Shares
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 865,151 Shares
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 0 Shares
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
865,151 Shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.2%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 178666 10 3 SCHEDULE 13D Page 7 of 13 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)
2.9%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 178666 10 3 SCHEDULE 13D Page 8 of 13 Pages
_______________________________________________________________________________
This Amendment No. 3 amends the Schedule 13D, as previously
amended, 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 2,858,047
shares of Common Stock (23.9 percent of the issued and outstanding Common Stock
of CSS, based upon information provided by the Company in its 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, she has
sole voting and investment power with regard to 2,352,780 shares and shared
voting and investment power with regard to 505,267 shares. The shares as to
which Ellen B. Kurtzman has sole voting and investment power are as follows:
o 161,587 shares of Common Stock owned directly.
o 136,776 shares of Common Stock held by the Farber Family
Charitable Lead Annuity Trust (the "Farber Charitable Trust"), of
which Ellen B. Kurtzman is the sole trustee.
o 750,000 shares of Common Stock (6.3 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 13 Pages
_______________________________________________________________________________
o 865,151 shares (7.2 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.
Ellen B. Kurtzman may also be deemed to have sole voting and
investment power with respect to 88,224 shares held by the Farber Family
Foundation, Inc., a charitable foundation (the "Farber Family Foundation"). As a
matter of policy, the Farber Family Foundation does not vote the shares of
Common Stock that it owns. Although she is including shares held by the Farber
Family Foundation in her beneficial ownership for purposes of this Amendment No.
3, Ellen B. Kurtzman continues to disclaim any beneficial ownership in the
shares held by the Farber Family Foundation.
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.
Ellen B. Kurtzman may also be deemed to share voting and
investment power with regard to 245,500 shares owned by the Farber Family
Foundation. Ellen B. Kurtzman, Jack Farber, her father, Vivian Farber, her
mother and David M Farber, her brother are members, officers and directors of
the Farber Family Foundation. As noted above, as a matter of policy, the Farber
Family 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. Additional information relating to Jack Farber, Vivian Farber
and David M. Farber is set forth in Appendix A to this schedule.
CUSIP No. 178666 10 3 SCHEDULE 13D Page 10 of 13 Pages
_______________________________________________________________________________
On November 8, 2004, the Jack Farber Trust contributed 50,000
shares of Common Stock to each of the Farber Family Foundation and Jack Farber.
On December 13, 2004, the Farber Charitable Trust contributed 42,502 shares of
Common Stock to the Farber Family Foundation. Ellen B. Kurtzman has sole voting
and investment power with respect to the 42,502 shares contributed to the Farber
Family Foundation. In addition, subsequent to the filing date of Amendment No. 2
to the Schedule 13D, Ellen B. Kurtzman sold an aggregate of 70,000 shares of
Common Stock, as follows:
Number Price
Date of Sale of Shares of Share ($)
------------ --------- ------------
June 4, 2004 1,000 34.70
June 4, 2004 1,000 34.74
June 4, 2004 1,000 34.75
June 4, 2004 1,400 34.76
June 4, 2004 1,100 34.77
June 4, 2004 1,500 34.78
June 4, 2004 2,000 34.80
June 4, 2004 1,000 34.85
June 7, 2004 500 34.64
June 7, 2004 800 34.49
June 8, 2004 3,300 34.24
June 8, 2004 1,400 34.29
June 8, 2004 100 34.30
June 9, 2004 3,900 34.00
June 14, 2004 300 35.14
June 14, 2004 700 35.15
June 14, 2004 500 35.19
June 15, 2004 1,100 35.10
June 16, 2004 2,500 35.00
June 16, 2004 700 35.05
June 16, 2004 100 35.07
June 16, 2004 200 35.09
June 17, 2004 1,000 34.90
June 17, 2004 1,000 34.93
June 18, 2004 1,900 35.00
June 21, 2004 4,000 34.78
June 22, 2004 1,000 34.70
June 22, 2004 1,400 34.78
June 22, 2004 100 34.79
June 22, 2004 200 34.85
June 23, 2004 800 34.85
June 23, 2004 2,500 34.99
June 28, 2004 500 35.60
CUSIP No. 178666 10 3 SCHEDULE 13D Page 11 of 13 Pages
_______________________________________________________________________________
June 28, 2004 300 35.49
June 29, 2004 4,800 35.02
June 29, 2004 200 35.05
June 29, 2004 1,000 35.19
June 30, 2004 600 35.03
July 1, 2004 1,900 34.70
July 1, 2004 400 34.71
July 1, 2004 300 34.73
July 6, 2004 1,500 34.55
July 6, 2004 2,300 34.60
July 7, 2004 6,000 34.40
July 7, 2004 100 34.41
July 7, 2004 100 34.59
July 15, 2004 3,000 34.00
July 15, 2004 1,500 34.03
July 15, 2004 1,500 34.05
July 15, 2004 1,000 34.10
July 15, 2004 200 34.27
July 15, 2004 1,600 34.40
July 15, 2004 400 34.42
July 15, 2004 200 34.43
July 15, 2004 200 34.44
July 15, 2004 400 34.51
All of these transactions were effected in the public trading markets pursuant
to a plan intended to comply with Rule 10b5-1(c) under the Securities Exchange
Act.
CUSIP No. 178666 10 3 SCHEDULE 13D Page 12 of 13 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.
ELLEN B. KURTZMAN
------------------------------
Ellen B. Kurtzman
DELV, L.P.
By: DELV, INC., its General Partner
By: ELLEN B. KURTZMAN
--------------------------------------
Ellen B. Kurtzman, President
TRUST FBO ELLEN B. KURTZMAN UNDER THE 2002 FARBER
CHILDREN'S TRUSTS DATED DECEMBER 12, 2002
By: ELLEN B. KURTZMAN
---------------------------------
Ellen B. Kurtzman, Trustee
TRUST FBO DAVID M. FARBER UNDER THE 2002 FARBER
CHILDREN'S TRUSTS DATED DECEMBER 12, 2002
By: ELLEN B. KURTZMAN
---------------------------------
Ellen B. Kurtzman, Trustee
THE JACK FARBER 2003 IRREVOCABLE TRUST DATED
DECEMBER 15, 2003
By: ELLEN B. KURTZMAN
---------------------------------
Ellen B. Kurtzman, Trustee
THE VIVIAN FARBER 2003 IRREVOCABLE TRUST DATED
DECEMBER 15, 2003
By: ELLEN B. KURTZMAN
---------------------------------
Ellen B. Kurtzman, Trustee
Date: January 14, 2005
CUSIP No. 178666 10 3 SCHEDULE 13D Page 13 of 13 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
----------------------------- ----------------------------- -----------------------------------------------
Jack Farber CSS Industries, Inc. Chairman of the Board of Directors, CSS
1845 Walnut Street Industries, Inc. (the issuer - a manufacturer
Philadelphia, PA 19103 and seller of seasonal and social expression
products), 1845 Walnut Street, Philadelphia,
PA 19103
Vivian Farber 3056 Miro Drive North Private investor
Palm Beach Gardens, FL 33410
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
During the last five years, none of the persons listed above have been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors).
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.