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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
DEPARTMENT 56 INCORPORATED
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
249509100
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(CUSIP Number)
December 31, 2001
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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 disclosures provided in a prior cover page.
The information required on 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 ("Act") 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).
(Continued on following page(s))
Page 1 of 7 Pages
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CUSIP No. 249509100
-----------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Donald A. Yacktman
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[ ]
(b)[X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5 SOLE VOTING POWER
SHARES 130,000
------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 56,400(1)
------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 130,000
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 936,850(1)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,066,850
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
Not Applicable
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.3%(2)
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
================================================================================
(1) Represents shares beneficially owned by Yacktman Asset Management Co.; the
undersigned holds 100% of the outstanding shares of capital stock of
Yacktman Asset Management Co.
(2) Based upon an aggregate of 12,895,667 shares outstanding at September 29,
2001.
Page 2 of 7 Pages
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CUSIP No. 249509100
-----------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Yacktman Funds, Inc.-36-3831621
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[ ]
(b)[X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
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NUMBER OF 5 SOLE VOTING POWER
SHARES 700,000
------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
700,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
Not Applicable
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4%(1)
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IV
================================================================================
(1) Based upon an aggregate of 12,895,667 shares outstanding at September 29,
2001.
Page 3 of 7 Pages
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CUSIP No. 249509100
-----------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Yacktman Asset Management Co.-36-3780592
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[ ]
(b)[X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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NUMBER OF 5 SOLE VOTING POWER
SHARES 56,400
------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 936,850
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
936,850
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
Not Applicable
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.3%(1)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
================================================================================
(1) Based upon an aggregate of 12,895,667 shares outstanding at September 29,
2001.
Page 4 of 7 Pages
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CUSIP No. 249509100
-----------------------------
This Amendment No. 5 to the undersigned's Schedule 13G, which was
originally filed on March 7, 1997 (the "Schedule 13G") with regard to Department
56 Incorporated (the "Issuer") is being filed to amend Item 4 of the Schedule
13G. Except as expressly stated herein, there have been no material changes in
the information set forth in the Schedule 13G.
Item 4. Ownership:
------ ---------
Donald A. Yacktman
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(a) Amount Beneficially Owned: 1,066,850
(b) Percent of Class: 8.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 130,000
(ii) shared power to vote or to direct the vote: 56,400
(iii) sole power to dispose or to direct the disposition of:
130,000
(iv) shared power to dispose or to direct the disposition of:
936,850
The Yacktman Funds, Inc.
------------------------
(a) Amount Beneficially Owned: 700,000
(b) Percent of Class: 5.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 700,000
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of: -0-
(iv) shared power to dispose or to direct the disposition of: -0-
Yacktman Asset Management Co.
-----------------------------
(a) Amount Beneficially Owned: 936,850
(b) Percent of Class: 7.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 56,400
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of:
936,850
(iv) shared power to dispose or to direct the disposition of: -0-
Page 5 of 7 Pages
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CUSIP No. 249509100
-----------------------------
Exhibits.
1. Agreement to file Schedule 13G jointly.
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.
January 25, 2002
----------------
Date
/s/ Donald A. Yacktman
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Donald A. Yacktman
THE YACKTMAN FUNDS, INC.
By: /s/ Donald A. Yacktman
--------------------------------
Donald A. Yacktman
President
YACKTMAN ASSET MANAGEMENT CO.
By: /s/ Donald A. Yacktman
--------------------------------
Donald A. Yacktman
President
Page 6 of 7 Pages