UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 32)*
THE OHIO ART COMPANY
--------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
677143 10 9
-----------
(CUSIP Number)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
1 of 7 Pages
SCHEDULE 13G
CUSIP No. 677143 10 9
------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
William Carpenter Killgallon
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U. S. A.
------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
137,908
SHARES ______________________________________________________
6 SHARED VOTING POWER
BENEFICIALLY
66,044
OWNED BY ______________________________________________________
7 SOLE DISPOSITIVE POWER
EACH
137,908
REPORTING ______________________________________________________
8 SHARED DISPOSITIVE POWER
PERSON WITH
66,044
------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,908
------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
/X/
------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.55%
------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
2 of 7 Pages
SCHEDULE 13G
CUSIP No. 677143 10 9
------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Martin Lawrence Killgallon,II
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U. S. A.
------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
199,934
SHARES ______________________________________________________
6 SHARED VOTING POWER
BENEFICIALLY
66,044
OWNED BY ______________________________________________________
7 SOLE DISPOSITIVE POWER
EACH
199,934
REPORTING ______________________________________________________
8 SHARED DISPOSITIVE POWER
PERSON WITH
66,044
------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
199,934
------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
/X/
------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.55%
----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
3 of 7 Pages
Item 1(a) Name of Issuer:
The Ohio Art Company
Item 1(b) Address of Issuer's Principal Executive Offices:
P.O. Box 111
Bryan, OH 43506
Item 2(a) Name of Each of the Persons Filing this Statement:
William Carpenter Killgallon
Martin Lawrence Killgallon, II
Item 2(b) Address of the Principal Business Office of Each of the Persons
Filing this Statement:
P.O. Box 111
Bryan, OH 43506
Item 2(c) Citizenship:
Each person filing this statement is a citizen of the United States
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
677143 10 9
Item 3. Not Applicable.
4 of 7 Pages
Item 4. Ownership:
c) Number of shares as to which such person has:
------------------------------------------------------
(i) (ii) (iii) (iv)
Sole Shared Sole Power Shared Power
(a) (b) Power Power to Dispose to Dispose
Amount to Vote to Vote or to or to
Benefi- Percent or to or to Direct the Direct the
cially of Direct Direct Disposition Disposition
Owned Class the Vote the Vote of of
------- ------- -------- -------- ---------- ------------
William Carpenter Killgallon 137,908 15.55 137,908 66,044 137,908 66,044
(1) (3) (4)
Martin Lawrence Killgallon,II 199,934 22.55 199,934 66,044 199,934 66,044
(2) (3) (4)
5 of 7 Pages
Item 4. (Cont.)
(1) Does not include 5,390 shares owned by wife nor 75,910 shares held in trust
by wife for sons, daughters, and grandson. Includes 1,200 shares owned by
Killgallon Foundation of which William Carpenter Killgallon is an officer
and director.
(2) Includes 31,860 shares held for children of Martin Lawrence Killgallon, II,
as to which beneficial ownership is disclaimed, but does not include
2,329 shares owned by wife nor 26,758 shares held by adult children.
Includes 1,200 shares owned by Killgallon Foundation of which Martin
Lawrence Killgallon, II is an officer and director.
(3) 5,799 of these shares are held for William C. Killgallon's account in the
company's ESOP and 5,625 of these shares are held for M. L. Killgallon,
II's account in the company's ESOP.
(4) These shares reflect allocated and unallocated shares held in the ESOP as
to which William C. Killgallon and Martin L. Killgallon, II, as trustees
and members of the Plan Committee have shared investment. Messrs.
Killgallon disclaim beneficial ownership of all of these shares other than
those allocated to their respective accounts.
Item 5. Ownership of Five Percent or Less of a Class: Not applicable
Item 6. Ownership of More Than Five Percent on Behalf of Another Person:
The minor children of Martin Lawrence Killgallon, II have the right to
receive the income and proceeds from 31,860 shares held for them. The
Killgallon Foundation has the right to receive the income and proceeds from
1,200 shares reported herein as beneficially owned by William Carpenter
Killgallon and Martin Lawrence Killgallon, II.
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 Member of the Group:
William Carpenter Killgallon and Martin Lawrence Killgallon, II are
siblings. The affairs of The Ohio Art Company are from time to time
discussed by the family members, but each party hereto has sole control of
the shares listed herein as owned by such party and disclaims being a
member of a "group" within the meaning of Section 13 of the Securities and
Exchange Act.
6 of 7 Pages
Item 9. Notice of Dissolution of Group: Not applicable
Item 10. Certification:
SIGNATURE
Each of the undersigned hereby constitutes and appoints M. L.
Killgallon, II and William Carpenter Killgallon and each of them, their true and
lawful agent and attorney-in-fact, for them and in their name, place, and stead
in any and all capacities to sign, file, and deliver any amendment or papers
filed by the undersigned with the Securities and Exchange Commission, including
all exhibits thereto, as fully to all intents and purposes as they might do in
person, and thereby ratify and confirm all that said agent and attorney-in-fact
may lawfully do or cause to be done by virtue of such constitution and
appointment.
Dated: February 11, 2002
/s/William C. Killgallon, Trustee
---------------------------------
William C. Killgallon, Trustee
Estate of W. C. Killgallon
/s/Martin L. Killgallon, II, Trustee
-----------------------------------
Martin L. Killgallon, II, Trustee
Estate of W. C. Killgallon
/s/William Carpenter Killgallon
----------------------------------
William Carpenter Killgallon
/s/Martin L. Killgallon, II
----------------------------------
Martin L.Killgallon, II
Attention: Intentional mis-statements or omissions of fact constitute federal
criminal violations. (See 18 U.S.C. 1001)
7 of 7 Pages