SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)
CSS INDUSTRIES, INC.
--------------------
(Name of Issuer)
Common Stock, $.10 par value
-----------------------------
(Title of Class of Securities)
125906 10 7
--------------
(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)
May 20, 2005
------------
(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 [_]
(Page 1 of 12 Pages)
CUSIP NO. 125906 10 7 SCHEDULE 13D PAGE 2 of 13 PAGES
-----------
________________________________________________________________________________
1 NAMES 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 7 SOLE VOTING POWER 2,035,275 Shares
OF
SHARES _________________________________________________________________
BENEFIC- 8 SHARED VOTING POWER 270,900 Shares
IALLY
OWNED BY
EACH _________________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER 2,035,275 Shares
PERSON
WITH _________________________________________________________________
10 SHARED DISPOSITIVE POWER 270,900 Shares
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 2,306,175 Shares
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.1%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON* IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 125906 10 7 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 7 SOLE VOTING POWER 750,000 Shares
OF
SHARES _________________________________________________________________
BENEFIC- 8 SHARED VOTING POWER 0 Shares
IALLY
OWNED BY
EACH _________________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER 750,000 Shares
PERSON
WITH _________________________________________________________________
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)
7.2%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON* PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 125906 10 7 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 7 SOLE VOTING POWER 0 Shares
OF
SHARES _________________________________________________________________
BENEFIC- 8 SHARED VOTING POWER 750,000 Shares
IALLY
OWNED BY
EACH _________________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER 0 Shares
PERSON
WITH _________________________________________________________________
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)
7.2%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON* OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 125906 10 7 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 7 SOLE VOTING POWER 0 Shares
OF
SHARES _________________________________________________________________
BENEFIC- 8 SHARED VOTING POWER 750,000 Shares
IALLY
OWNED BY
EACH _________________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER 0 Shares
PERSON
WITH _________________________________________________________________
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)
7.2%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON* OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 125906 10 7 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 7 SOLE VOTING POWER 665,151 Shares
OF
SHARES _________________________________________________________________
BENEFIC- 8 SHARED VOTING POWER 0 Shares
IALLY
OWNED BY
EACH _________________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER 665,151 Shares
PERSON
WITH _________________________________________________________________
10 SHARED DISPOSITIVE POWER 0 Shares
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 665,151 Shares
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON* OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 125906 10 7 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 7 SOLE VOTING POWER 351,042 Shares
OF
SHARES _________________________________________________________________
BENEFIC- 8 SHARED VOTING POWER 0 Shares
IALLY
OWNED BY
EACH _________________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER 351,042 Shares
PERSON
WITH _________________________________________________________________
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)
3.4%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON* OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 125906 10 7 SCHEDULE 13D PAGE 8 of 13 PAGES
-----------
This Amendment No. 5 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 2,306,175 shares of
Common Stock (22.1 percent of the issued and outstanding Common Stock of CSS,
based upon information provided by the CSS in its annual report on Form 10-K for
the fiscal year ended March 31, 2005 indicating that 10,432,047 shares of Common
Stock were issued and outstanding on May 25, 2005). Of that amount, she has sole
voting and investment power with regard to 2,035,275 shares and shared voting
and investment power with regard to 270,900 shares. The shares as to which Ellen
B. Kurtzman has sole voting and investment power are as follows:
o 83,667 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 (7.2 percent of the issued and
outstanding Common Stock of CSS) owned by the Partnership.
Ellen B. Kurtzman exercises voting and investment power over
these shares 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
CUSIP NO. 125906 10 7 SCHEDULE 13D PAGE 9 of 13 PAGES
-----------
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.
o 665,151 shares (6.4 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 48,639 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. Ellen B. Kurtzman disclaims 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 89,714 shares of Common Stock owned by 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 97,711 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.
On May 20, 2005, the Jack Farber Trust contributed 100,000 shares of
Common Stock to Jack Farber.
CUSIP NO. 125906 10 7 SCHEDULE 13D PAGE 10 of 13 PAGES
-----------
In addition, subsequent to the filing date of Amendment No. 4 to the
Schedule 13D, the Farber Family Foundation sold an aggregate of 60,000 shares of
Common Stock as follows:
NUMBER PRICE
DATE OF SALE OF SHARES PER SHARE ($)
------------ --------- -------------
April 4, 2005 200 34.21
April 4, 2005 300 34.48
April 4, 2005 1,600 34.43
April 4, 2005 2,500 34.44
April 4, 2005 400 34.50
April 12, 2005 2,000 34.85
April 12, 2005 600 35.04
April 13, 2005 1,500 35.03
April 13, 2005 100 35.10
April 14, 2005 800 34.50
April 18, 2005 5,000 33.70
April 25, 2005 200 34.00
April 26, 2005 700 33.90
April 26, 2005 1,500 33.61
April 27, 2005 600 32.73
April 27, 2005 400 32.66
April 27, 2005 100 32.78
April 27, 2005 700 32.75
April 27, 2005 800 32.91
May 2, 2005 1,700 31.93
May 2, 2005 300 32.11
May 2, 2005 300 32.14
May 3, 2005 1,900 31.99
May 3, 2005 400 32.00
May 3, 2005 400 32.03
May 9, 2005 200 31.82
May 9, 2005 500 31.83
May 9, 2005 500 31.90
May 11, 2005 1,000 31.01
May 11, 2005 800 31.06
May 11, 2005 1,000 31.21
May 11, 2005 500 31.30
May 11, 2005 500 31.34
May 16, 2005 1,000 30.02
May 16, 2005 1,400 30.05
May 16, 2005 300 30.03
May 16, 2005 1,000 30.11
May 18, 2005 1,000 30.00
May 18, 2005 300 30.01
May 23, 2005 4,000 30.65
May 23, 2005 500 30.69
CUSIP NO. 125906 10 7 SCHEDULE 13D PAGE 11 of 13 PAGES
-----------
NUMBER PRICE
DATE OF SALE OF SHARES PER SHARE ($)
------------ --------- -------------
May 23, 2005 500 30.70
May 31, 2005 3,000 30.85
May 31, 2005 1,000 30.88
May 31, 2005 1,000 31.00
June 6, 2005 2,000 31.50
June 6, 2005 1,000 31.60
June 7, 2005 500 31.82
June 7, 2005 100 31.95
June 7, 2006 400 31.91
June 8, 2005 700 31.71
June 8, 2005 100 31.74
June 8, 2005 200 31.80
June 13, 2005 1,200 31.30
June 13, 2005 800 31.34
June 13, 2005 2,000 31.35
June 13, 2005 1,000 31.59
June 20, 2005 100 32.21
June 20, 2005 4900 32.20
The sales by the Farber Family Foundation listed in the table above
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. 125906 10 7 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.
/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: June 23, 2005
CUSIP NO. 125906 10 7 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
Name Address which such employment is conducted
----------------------------- ----------------------------- -----------------------------------------------
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.