-------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL
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/X/ Check this box if no STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number: 3235-0287
longer subject to Expires: September 30, 1998
Section 16, Form 4 or Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Estimated average burden
Form 5 obligations may Section 17(a) of the Public Utility Holding Company Act of 1935 or hours per response .... 0.5
continue. See Section 30(f) of the Investment Company Act of 1940 -----------------------------
Instruction 1(b).
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
THL Equity Trust III Rayovac Corporation (ROV) Director /X/ 10% Owner
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--------------------------------------------------------------------------------------------- Officer (give Other
(Last) (First) (Middle) 3. IRS or Social 4. Statement for ---- title below) ----
Security Number of Month/Year
c/o Thomas H. Lee Partners, L.P. Reporting Person, ----------------- ------------------
75 State Street (Voluntary) August 2002
-------------------------------------------- --------------------- 7. Individual or Joint/Group Filing
(Street) 5. If Amendment, (Check Applicable Line)
Date of Original /X/ Form filed by One Reporting Person
(Month/Year) ___Form filed by More than One
Boston MA 02109 Reporting Person
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(City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 8) Owned at Direct Bene-
(Month/ End of (D) or ficial
Day/ ------------------------------------------- Month Indirect Owner-
Year) (A) or (I) ship
Code V Amount (D) Price (Instr. 3 (Instr. 4) (Instr. 4)
and 4)
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Common Stock, See
par value $.01 per share 08/13/02 J(1) 4,468,569 D -0- I Note (1)
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Common Stock,
par value $.01 per share 08/13/02 J(1) 9,043(2) A 9,043 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, SEE Instruction 4(b)(v). SEC 1474 (7-96)
FORM 4 (continued) TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(E.G., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer-
(Instr. 3) sion or action tion Code ative Securities Ac- cisable and Ex-
Exercise Date (Instr. 8) quired (A) or Dis- piration Date
Price of (Month/ posed of (D) (Month/Day/
Deriv- Day/ (Instr. 3, 4, and 5) Year)
ative Year)
Security
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Date Expira-
-------------------------------------- Exer- tion
cisable Date
Code V (A) (D)
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7. Title and Amount of Under- 8. Price 9. Number 10. Owner- 11. Nature
lying Securities of of Deriv- ship of In-
(Instr. 3 and 4) Deriv- ative Form direct
ative Securi- of De- Bene-
Secur- ties rivative ficial
ity Bene- Secu- Own-
(Instr. ficially rity ership
5) Owned Direct (Instr. 4)
at End (D) or
Amount or of Indi-
Title Number of Month rect (I)
Shares (Instr. 4) (Instr. 4)
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Explanation of Responses:
(1) The Reporting Person is the General Partner of Thomas H. Lee Advisors III Limited Partnership ("Advisors III"), which, in turn,
is the General Partner of Thomas H. Lee Equity Fund III, L.P. ("Equity Fund III") and Thomas H. Lee Foreign Fund III, L.P.
("Foreign Fund III"). The Reporting Person may be deemed to beneficially own the shares of the Issuer held directly by Equity
Fund III and Foreign Fund III. On August 13, 2002, Equity Fund III and Foreign Fund III issued a pro rata distribution of
common stock of the Issuer to their respective general and limited partners. The Reporting Person disclaims beneficial
ownership of such shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of
the securities for the purpose of Section 16 or for any other purpose, except to the extent of its pecuniary interest therein.
(2) Represents shares distributed to the Reporting Person in connection with the distribution described in footnote (1) above.
/s/ Scott A. Schoen August 14, 2002
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**Intentional misstatements or omissions of facts constitute **Signature of Reporting Person Date
Federal Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, SEE Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
SEC 1474 (7-96)