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Cusip No. 887100105   Schedule 13G/A    

 

           
1   NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

The Sidney W. Swartz 1982 Family Trust (the “Swartz Family Trust”)
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)   o
  (b)   o

Not Applicable
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   3,498,816 which includes 3,220,612 shares of Class B common stock.1
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    3,498,816 which includes 3,220,612 shares of Class B common stock.1
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  3,498,816 Shares
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o

Not Applicable
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  6.8%2
     
12   TYPE OF REPORTING PERSON
   
  OO- Other
1 The Voting and Dispositive Power of the above referenced Class A Shares (as defined below) is being reported is being reported as shared hereunder because V.F. Corporation may be deemed to have beneficial ownership of such Class A Shares as a result of the Voting Agreement (as defined below).
2 The beneficial ownership percentages described in this Schedule 13G/A are based on the aggregate number of shares of the Class A and Class B common stock outstanding as of April 1, 2011

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Cusip No. 887100105   Schedule 13G/A    
Item 1(a). Name of Issuer
The name of the issuer to which this filing on Schedule 13G/A relates is The Timberland Company (the “Company”).
Item 1(b). Address of Issuer’s Principal Executive Offices
The principal executive offices of the Company are located at 200 Domain Drive, Stratham, NH 03885.
Item 2(a). Name of Person Filing
The Sidney W. Swartz 1982 Family Trust (the “Swartz Family Trust”)
Item 2(b). Address of Principal Business Office or, if none, Residence
33 Bradlee Road, Marblehead, MA 01945.
Item 2(c). Citizenship
Massachusetts
Item 2(d). Title of Class of Securities
The class of equity securities of the Company to which this filing on Schedule 13G/A relates is Class A Common Stock, par value $0.01 per share.
Item 2(e). CUSIP Number
The CUSIP number of the Company’s Ordinary Shares is 887100 10 5.
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:
Not Applicable.

Not Applicable.

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Cusip No. 887100105   Schedule 13G/A    
Item 4. Ownership.
Item 4(a). Amount beneficially owned
3,498,816
Item 4(b). Percent of Class
6.8%
Item 4(c). Number of shares as to which such person has:
  (i)   sole power to vote or to direct the vote:
 
      None.
 
  (ii)   shared power to vote or to direct the vote:
 
      3,498,816.
     The Swartz Family Trust has voting power over 3,498,816 shares. Judith H. Swartz is the wife of Sidney W. Swartz who beneficially owns 7,538,420 shares and is filing a separate Schedule 13G/A.
     On June 12, 2011, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with V.F. Corporation, a Pennsylvania corporation (“VF”) and VF Enterprises, Inc., a wholly owned subsidiary of VF (“Merger Sub”). Concurrently with the execution of the Merger Agreement, and as an inducement for VF and Merger Sub to enter into the Merger Agreement, the Swartz Family Trust, Mr. Swartz and certain other members of his family and certain trusts established for the benefit of his family or for charitable purposes (collectively, the “Supporting Stockholders”) entered into a Voting Agreement (the “Voting Agreement”) with VF with respect to the shares of Class A common stock, $0.01 par value per share (the “Class A Shares”), and the shares of Class B common stock, $0.01 par value per share (the “Class B Shares” and, together with the Class A Shares, the “Common Shares”), of the Company beneficially owned by the Supporting Stockholders. The Common Shares beneficially owned by the Swartz Family Trust have not been purchased by VF and no monetary consideration was paid by VF to the Swartz Family Trust in connection with the execution and delivery of the Voting Agreement.
     Under the Voting Agreement, the Swartz Family Trust agreed that, so long as the Voting Agreement has not previously terminated in accordance with its terms, it would deliver on July 26, 2011 (by no later than 11:59 p.m., Boston time, on that date) a written consent with respect to each Class A Share and Class B Share beneficially owned by it in favor of adoption of the Merger Agreement. Following the delivery of such written consent, no further action by any stockholder of the Company will be required to adopt the Merger Agreement or approve the merger of Merger Sub with and into the Company, with the Company surviving as a wholly-owned subsidiary of VF (the “Merger”).
     The Voting Agreement further provides that, during the term of the Voting Agreement, the Swartz Family Trust will vote (or cause to be voted) all of their Class A Shares and Class B Shares against (i) any competing acquisition proposal made prior to the termination of the

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Merger Agreement, (ii) any reorganization, recapitalization, liquidation, winding-up, consolidation, combination, sale of substantially all of the assets of the Company or any other business combination or extraordinary transaction involving the Company and (iii) any corporate action the consummation of which would frustrate the purposes, or prevent, impede, adversely affect, materially postpone or materially delay the consummation, of the transactions contemplated by the Merger Agreement. The Swartz Family Trust has agreed not to exercise any rights to demand appraisal of any Common Shares beneficially owned by such Supporting Stockholder in connection with the Merger.
     To the extent that the Swartz Family Trust acquires beneficial ownership of any Common Shares during the term of the Voting Agreement, such Common Shares will become subject to the terms of the Voting Agreement to the same extent as though such Common Shares were owned by such Supporting Stockholder as of the date of the Voting Agreement. However, the Swartz Family Trust is not required under the Voting Agreement to exercise any option to acquire Common Shares in order to vote or act by written consent with respect to the Common Shares underlying such option.
     During the term of the Voting Agreement, the Swartz Family Trust has also granted an irrevocable proxy appointing VF and any designee of VF as its attorney-in-fact to vote (or deliver a written consent with respect to) its Common Shares in accordance with the foregoing.
     While the Voting Agreement remains in effect, the Swartz Family Trust is prohibited from (i) converting any Class B Shares it beneficially owns into Class A Shares and (ii) transferring any Common Shares beneficially owned by such person, subject to certain exceptions, including transfers pursuant to the Merger Agreement. The Swartz Family Trust has also agreed that, except as permitted by the Merger Agreement, it would not (i) solicit or encourage competing acquisition proposals, (ii) participate in discussions or negotiations regarding competing acquisition proposals or (iii) approve or enter into any letter of intent, acquisition agreement or any similar agreement relating to a competing acquisition proposal.
     The Voting Agreement will terminate upon the earliest of (i) the effective time of the Merger, (ii) the termination of the Merger Agreement in accordance with its terms, including any termination in connection with the Company’s acceptance of a Superior Proposal (as defined in the Merger Agreement) and (iii) the effectiveness of any amendment, modification or supplement to, or waiver under, the Merger Agreement that would reduce the consideration payable in the Merger, unless consented to in writing by each Supporting Stockholder.
     In addition, in the Voting Agreement, Mr. Swartz agreed for the three-year period after the closing of the Merger not to own or participate in any business or activity that competes with any business in which Timberland is engaged as of the closing of the Merger. The agreement contains certain limited exceptions, including participating in non-commercial activities, such as corporate social responsibility activities and charitable activities.
The foregoing description of the Merger Agreement and Voting Agreement does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement and the Voting Agreement, copies of which are filed as Exhibits 2.1 and 2.2, respectively, to the Company’s current report on Form 8-K filed on filed on June 13, 2011.
  (iii)   sole power to dispose or to direct the disposition of:
 
      0
 
  (iv)   shared power to dispose or to direct the disposition of:
 
      3,498,816
Item 5. Ownership of Five Percent or Less of a Class

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Not Applicable.
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:
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. Certification
Not Applicable.

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SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: June 15, 2011
             
    The Sidney W. Swartz 1982 Family Trust    
 
           
 
  By:   /s/ Judith H. Swartz    
 
           
 
      Name: Judith H. Swartz    
 
      Title: Trustee    
 
           
 
  By:   /s/ Robert N. Shapiro    
 
           
 
      Name: Robert N. Shapiro    
 
      Title: Trustee    

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