SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10 )*
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ALBERTO-CULVER COMPANY
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(Name of Issuer)
CLASS A COMMON STOCK, $.22 PAR VALUE PER SHARE
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(Title of Class of Securities)
013068200
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(CUSIP Number)
Marshall E. Eisenberg Carol L. Bernick
NEAL, GERBER & EISENBERG 2525 Armitage Avenue
Two North LaSalle Street, Suite 2200 Melrose Park, Illinois 60160
Chicago, Illinois 60602 (708) 450-3051
(312) 269-8020
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 21, 2001
----------------------------------
(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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 240.13d-7 for other
parties to whom copies are to be sent.
* 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 8 Pages
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CUSIP NO. 013068200 13D Page 2 of 8 Pages
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NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Carol L. Bernick
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not applicable
--------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [_]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S. Citizen
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SOLE VOTING POWER
7
NUMBER OF
5,066,122**
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 3,101,424**
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
5,066,122**
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
3,101,424**
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON*
11
8,167,546**
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
12
Excluded are 839,100 Class A shares (including options to purchase 679,100
Class A shares) and 500,000 Class B shares held directly by Bernick's
spouse; 47,910 Class B shares and 5,100 Class A shares held by Bernick's
spouse as co-trustee of a trust for the benefit of Mr. and Mrs. Bernick's
children; and 11,526 Class B shares held by Bernick's spouse as a
participant in the Alberto-Culver Employees' Profit Sharing Plan. Bernick
disclaims beneficial ownership of such shares.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11).
13
26.25%**
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TYPE OF REPORTING PERSON*
14
IN
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* SEE INSTRUCTIONS
** Includes shares of Class B Common Stock, $.22 par value per share ("Class B
shares"), which are immediately convertible at the holder's option on a
share-for-share basis into Class A shares and also includes options which are
exercisable currently or within 60 days to acquire Class A shares.
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CUSIP NO. 013068200 13D Page 3 of 8 Pages
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NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CLB Grantor Annuity Trust, u/a/d 9/18/01
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not applicable
--------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [_]
5
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Illinois Trust
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SOLE VOTING POWER
7
NUMBER OF 1,271,875**
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,271,875**
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON*
11
1,271,875**
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]
12
Not applicable.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11).
13
5.12%**
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
00
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* SEE INSTRUCTIONS
** Includes Class B shares which are immediately convertible at the holder's
option on a share-for-share basis into Class A shares.
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CUSIP NO. 013068200 13D Page 4 of 8 Pages
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NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KSL Property Trust II, u/a/d 10/31/98
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not applicable
--------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [_]
5
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Illinois Trust
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SOLE VOTING POWER
7
NUMBER OF 1,928,817**
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,928,817**
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,928,817**
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]
12
Not applicable.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11).
13
7.51%**
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TYPE OF REPORTING PERSON*
14
00
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* SEE INSTRUCTIONS
** Includes Class B shares which are immediately convertible at the holder's
option on a share-for-share basis into Class A shares.
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CUSIP NO. 013068200 13D Page 5 of 8 Pages
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Item 1. Security and Issuer.
Title of Class of Securities: Class A Common Stock, $.22 par value
per share (the "Class A shares")
Name and Address of Issuer: Alberto-Culver Company (the "Company")
2525 Armitage Avenue
Melrose Park, IL 60160
Item 2. Identity and Background.
(a) Name of Person Filing: (1) Carol L. Bernick ("Bernick")
(2) CLB Grantor Annuity Trust,
u/a/d 9/18/01 (the "CLB 2001
Trust")
(3) KSL Property Trust II,
u/a/d 10/31/98 (the "Property
Trust")
(b) Address: c/o Carol L. Bernick
2525 Armitage Avenue
Melrose Park, IL 60160
(c) Principal Business: (1) Bernick, an individual, is a
Director, Vice Chairman and
Assistant Secretary of the
Company, and President Alberto-
Culver North America, a division
of the Company.
(2) Trust Administration
(3) Trust Administration
(d) Prior Criminal Convictions: None
(e) Prior Civil Proceedings
with Respect to Federal or
State Securities Laws: None
(f) Citizenship/Organization: (1) U.S. Citizen
(2) Illinois Trust
(3) Illinois Trust
Item 3. Source and Amount of Funds or Other Consideration.
On September 21, 2001, the (i) Bernice E. Lavin Trust, u/a/d 12/18/87
(the "BEL Trust"), to which Bernick shares voting and investment power,
transferred 2,586,335 Class B shares to the 2001 BEL Grantor Annuity
Trust, u/a/d 9/18/01, to which Bernick has no voting or investment
power; (ii) Leonard H. Lavin Trust, u/a/d 12/18/87 (the "LHL Trust"), to
which Bernick shares voting and investment power, transferred 3,410,853
Class B shares to the 2001 LHL Grantor Annuity Trust, u/a/d 9/18/01, to
which Bernick has no voting or investment power; (iii) Carol L. Bernick
Revocable Trust, u/a/d 4/23/93 (the "Revocable Trust") transferred
175,000 Class A shares to the CLB 2001 Trust and (iv) CLB GRAT Trust,
u/a/d 9/15/93 (the "CLB Trust") transferred 1,096,875 Class B shares to
the CLB 2001 Trust.
Item 4. Purpose of Transaction.
The transactions were for the Bernick family's estate planning rather
than corporate purposes. The transactions were not undertaken for
purposes of effecting any of the actions listed in this item.
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CUSIP NO. 013068200 13D Page 6 of 8 Pages
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Item 5. Interest in Securities of the Issuer.
(a) (i) Amount of Class A Shares Beneficially Owned: 8,167,546 Class A
shares total: options to purchase 263,844 Class A shares held
directly; 436 Class A shares and 257,148 Class B shares held as
trustee of the Revocable Trust; 845,529 Class B shares held as
co-trustee of the CLB Trust; 1,096,875 Class B shares and
175,000 Class A shares held as trustee of the CLB 2001 Trust;
1,928,817 Class B shares held as trustee of the Property Trust;
823,549 Class B shares and 64 Class A shares as co-trustee of
the BEL Trust; 823,529 Class B shares and 5,704 Class A shares
held as co-trustee of the LHL Trust; 222,527 Class B shares
held as trustee of a trust for the benefit of Bernick's nephew
(the "Nephew Trust"); 100,000 Class B shares held as trustee of
the Lavin Survivorship Insurance Trust II (the "Lavin
Survivorship Trust"); 100,200 Class A shares and 300,600 Class
B shares held as co-trustee of a trust for Bernick's benefit;
80,088 Class A shares and 87,528 Class B shares as trustee of
trusts for the benefit of certain of Bernick's family members
(the "Family Members Trusts"); 421,378 Class A shares and
520,000 Class B shares held by Lavin Family Foundation; 35,000
Class A shares and 71,400 Class B shares held by the Howard and
Carol Bernick Family Foundation; and 8,330 Class B shares held
as a participant in the Alberto-Culver Employees' Profit
Sharing Plan.
(ii) Percentage of Class A Shares Beneficially Owned: 26.25% total:
1.10% directly; 1.07% as trustee of the Revocable Trust; 3.44%
as co-trustee of the CLB Trust; 5.12% as trustee of the CLB
2001 Trust; 7.51% as trustee of the Property Trust;
3.35% as co-trustee of the BEL Trust; 3.37% as co-trustee of
the LHL Trust; .93% as trustee of the Nephew Trust; .42% as
trustee of the Lavin Survivorship Trust; 1.67% as co-trustee of
a trust for Bernick's benefit; .70% as trustee of the Family
Members Trusts; 3.88% by Lavin Family Foundation; .45% by the
Howard and Carol Bernick Family Foundation; and .04% as a
participant in the Alberto-Culver Employees' Profit Sharing
Plan (based upon 23,761,341 Class A shares outstanding as of
June 30, 2001).**
** Pursuant to Rule 13d-3(d)(1)(i) of the Securities Exchange Act
of 1934, as amended, the following calculations assume that all
Class B shares beneficially owned by Bernick have been
converted into Class A shares and that all options held by
Bernick which are either exercisable currently or within 60
days have been exercised.
(b) Number of Class A Shares as to which Bernick, CLB 2001 Trust, and
Property Trust, have:
Bernick CLB 2001 Trust Property Trust
------------ -------------- --------------
(i) Sole power to vote: 5,066,122/1/ 1,271,875 1,928,817
(ii) Shared power to vote: 3,101,424/2/ 0 0
(iii) Sole power to dispose: 5,066,122/1/ 1,271,875 1,928,817
(iv) Shared power to dispose: 3,101,424/2/ 0 0
/1/ The 5,066,122 shares held by Bernick and reflected as sole
power to vote and sole power to dispose include 436 Class A
shares and 257,148 Class B shares held as trustee of the
Revocable Trust; options to purchase 263,844 Class A shares
held directly; 845,529 Class B shares held as trustee of the
CLB Trust; 1,096,875 Class B shares and 175,000 Class A shares
held as trustee of the CLB 2001 Trust; 1,928,817 Class B shares
held as trustee of the Property Trust; 222,527 Class B shares
held as trustee of the Nephew Trust; 100,000 Class B shares
held as trustee of the Lavin Survivorship Trust; 80,088 Class A
shares and 87,528 Class B shares held as trustee of the Family
Members Trusts; and 8,330 Class B shares held as a participant
in the Alberto-Culver Employees Profit Sharing Plan.
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CUSIP NO. 013068200 13D Page 7 of 8 Pages
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/2/ The 3,101,424 shares held by Bernick and reflected as shared
power to vote and shared power to dispose include 100,200 Class
A shares and 300,600 Class B shares held as co-trustee of a
trust for her benefit; 421,378 Class A shares and 520,000 Class
B shares held by the Lavin Family Foundation; 823,549 Class B
shares and 64 Class A shares held as co-trustee of the BEL
Trust; 823,529 Class B shares and 5,704 Class A shares held as
co-trustee of the LHL Trust; and 35,000 Class A shares and
71,400 Class B shares held by the Howard and Carol Bernick
Family Foundation.
Bernick shares the power to vote and dispose of the 421,378 Class A shares
and 520,000 Class B shares held by Lavin Family Foundation, 823,549 Class B
shares and 64 Class A shares held by the BEL Trust, and 823,529 Class B
shares and 5,704 Class A shares held by the LHL Trust with her parents, Mr.
Lavin and Mrs. Lavin. Bernick, in her capacity as co-trustee of a trust for
her benefit, shares the power to vote and dispose of 100,200 Class A shares
and 300,600 Class B shares held by such trust with Mrs. Lavin. Bernick
shares the power to vote and dispose of 35,000 Class A shares and 71,400
Class B shares held by the Howard and Carol Bernick Family Foundation with
her spouse, Mr. Bernick and Marshall E. Eisenberg. Certain information
regarding Mr. Lavin, Mrs. Lavin, Mr. Bernick and Mr. Eisenberg is presented
below:
(i) Name of Person: (1) Leonard H. Lavin
(2) Bernice E. Lavin
(3) Howard B. Bernick
(4) Marshall E. Eisenberg
(ii) Address: (1),(2), 2525 Armitage Avenue
and (3) Melrose Park,
Illinois 60160
(4) Neal, Gerber & Eisenberg
Two North LaSalle Street,
Suite 2200
Chicago, Illinois 60602
(iii) Principal Business: (1) Leonard H. Lavin, an
individual, is a Director
and the Chairman of the
Company.
(2) Bernice E. Lavin, an
individual, is a Director
and the Vice Chairman,
Secretary and Treasurer of
the Company.
(3) Howard B. Bernick, an
individual, is a Director
and the President and
Chief Executive Officer of
the Company.
(4) Marshall E. Eisenberg, an
individual, is an attorney
and a partner in the law
firm Neal, Gerber &
Eisenberg, Chicago,
Illinois.
(iv) Prior Criminal None.
Convictions:
(v) Prior Civil Proceedings None
with Respect to Federal
or State Securities Laws:
(vi) Citizenship/Organization: U.S. Citizen.
Excluded are 839,100 Class A shares (including options to purchase
679,100 Class A shares) and 500,000 Class B shares held directly by
Bernick's spouse; 47,910 Class B shares and 5,100 Class A shares held
by Bernick's spouse as co-trustee of a trust for the benefit of Mr.
and Mrs. Bernick's children; and 11,526 Class B shares held by
Bernick's spouse as a participant in the Alberto-Culver Employees'
Profit Sharing Plan. Bernick disclaims beneficial ownership of the
shares held by her spouse and they are not included above.
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CUSIP NO. 013068200 13D Page 8 of 8 Pages
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(c) None, except as described in Item 3 above.
(d) None.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
None.
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.
Date: September 28, 2001
Signature: /s/ Carol L. Bernick
---------------------------
Name/Title: Carol L. Bernick, individually; as
trustee of the CLB Grantor Annuity
Trust, u/a/d 9/18/01; as trustee of
the KSL Property Trust II, u/a/d
10/31/98; and as trustee or co-trustee
of various other trusts.