SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934
TITANIUM METALS CORPORATION
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
888339 10 8
(CUSIP Number)
JOAN H. PRUSSE
1999 BROADWAY
SUITE 4300
DENVER, COLORADO 80202
(303) 296-5647
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 1, 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 sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box. [ ]
*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 pages)
CUSIP No. 888339 10 8
1 NAMES OF REPORTING PERSONS AND I.R.S. IDENTIFICATION NOS. OF SUCH PERSONS
(ENTITIES ONLY)
J. Landis Martin
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ] (b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
PF
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
7 SOLE VOTING POWER
1,589,747
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 1,589,747
10 SHARED DISPOSITIVE POWER
-0-
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,589,747
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) [X]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
SCHEDULE 13D
This amended statement on Schedule 13D (this "Statement") relates to the
common stock, $0.01 par value per share (the "Shares"), of Titanium Metals
Corporation, a Delaware corporation (the "Company"). Items 3 and 5 of this
Statement are hereby amended as set forth below. The Company completed a
two-for-one split of all of the outstanding Shares on September 6, 2005. All
Share numbers and prices reported herein have been adjusted to reflect this
stock split even if the dates as to which such numbers speak to were prior to
the effective date of the stock split.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is amended to add the following:
Within the past 60 days, Mr. Martin exercised options to acquire Shares and
used the proceeds from the market sales of certain of the Shares thus acquired
("cashless exercise") to pay the exercise price of the options. The amount of
funds used for such Share acquisitions is shown below:
Date Number of Shares Total Consideration
---- ---------------- -------------------
8/12/05 37,000 $331,890
8/15/05 50,000 $450,000
9/01/05 50,000 $450,000
9/07/05 37,000 $368,890
9/08/05 50,000 $550,000
Item 5. Interest in Securities of the Issuer.
Item 5 is amended in its entirety as follows:
(a) Mr. Martin may be deemed to beneficially own 1,589,747 Shares,
(approximately 4.7% of the outstanding Shares, based on the 33,051,954 Shares
outstanding as of September 9, 2005). The Shares deemed to be beneficially owned
by Mr. Martin include 1,057,414 Shares directly held by Mr. Martin, 343,333
Shares obtainable upon conversion of 103,000 shares of Series A Preferred
directly held by Mr. Martin, and 189,000 Shares obtainable within 60 days upon
exercise of options granted under the Company's 1996 Long Term Performance
Incentive Plan. Under such Plan, a grantee may not exercise out-of-the money
stock options. However, the aggregate number of option Shares reported herein
include all vested and outstanding stock options, without regard to whether or
not any such options are in-the-money.
Members of Mr. Martin's family are the direct holders of 29,400 Shares (or
approximately 0.09% of the outstanding Shares). Mr. Martin may be deemed to be
the beneficial owner of the 29,400 Shares directly held by members of his
family, but disclaims beneficial ownership of such Shares.
(b) Mr. Martin has the sole power to vote or to direct the vote and sole
power to dispose or to direct the disposition with respect to the Company
securities he beneficially owns. Mr. Martin understands that his family members
that own Shares have the sole power to vote or to direct the vote and sole power
to dispose or to direct the disposition with respect to the Shares they own.
(c) During the past 60 days, Mr. Martin has effected the following
transactions in the Company's securities:
--------------------- ------------------------ ------------------------------- ------------------------------
Date Number of Shares Transaction Price Per Share ($)
(exclusive of commissions)
--------------------- ------------------------ ------------------------------- ------------------------------
8/12/05 37,000 Option Exercise $8.9700
--------------------- ------------------------ ------------------------------- ------------------------------
8/12/05 400 Sale (NYSE) $32.505
--------------------- ------------------------ ------------------------------- ------------------------------
8/12/05 10,000 Sale (NYSE) $32.525
--------------------- ------------------------ ------------------------------- ------------------------------
8/12/05 400 Sale (NYSE) $32.630
--------------------- ------------------------ ------------------------------- ------------------------------
8/12/05 1,800 Sale (NYSE) $32.725
--------------------- ------------------------ ------------------------------- ------------------------------
8/12/05 10,000 Sale (NYSE) $32.620
--------------------- ------------------------ ------------------------------- ------------------------------
8/15/05 2,000 Sale (NYSE) $32.660
--------------------- ------------------------ ------------------------------- ------------------------------
8/15/05 2,000 Sale (NYSE) $32.650
--------------------- ------------------------ ------------------------------- ------------------------------
8/15/05 1,400 Sale (NYSE) $32.835
--------------------- ------------------------ ------------------------------- ------------------------------
8/15/05 2,000 Sale (NYSE) $32.830
--------------------- ------------------------ ------------------------------- ------------------------------
8/15/05 50,000 Option Exercise $9.0000
--------------------- ------------------------ ------------------------------- ------------------------------
8/15/05 4,000 Sale (NYSE) $32.750
--------------------- ------------------------ ------------------------------- ------------------------------
8/16/05 2,000 Sale (NYSE) $32.750
--------------------- ------------------------ ------------------------------- ------------------------------
8/16/05 34,000 Sale (NYSE) $32.250
--------------------- ------------------------ ------------------------------- ------------------------------
9/01/05 50.000 Option Exercise $9.0000
--------------------- ------------------------ ------------------------------- ------------------------------
9/01/05 400 Sale (NYSE) $33.330
--------------------- ------------------------ ------------------------------- ------------------------------
9/01/05 9,600 Sale (NYSE) $33.325
--------------------- ------------------------ ------------------------------- ------------------------------
9/01/05 6,000 Sale (NYSE) $33.500
--------------------- ------------------------ ------------------------------- ------------------------------
9/01/05 10,000 Sale (NYSE) $33.250
--------------------- ------------------------ ------------------------------- ------------------------------
9/02/05 7,000 Sale (NYSE) $32.275
--------------------- ------------------------ ------------------------------- ------------------------------
9/02/05 4,000 Sale (NYSE) $32.375
--------------------- ------------------------ ------------------------------- ------------------------------
9/02/05 2,600 Sale (NYSE) $32.450
--------------------- ------------------------ ------------------------------- ------------------------------
9/02/05 200 Sale (NYSE) $32.485
--------------------- ------------------------ ------------------------------- ------------------------------
9/02/05 200 Sale (NYSE) $32.395
--------------------- ------------------------ ------------------------------- ------------------------------
9/7/05 37,000 Option Exercise $9.9700
--------------------- ------------------------ ------------------------------- ------------------------------
9/7/05 14,800 Sale (NYSE) $33.500
--------------------- ------------------------ ------------------------------- ------------------------------
9/7/05 200 Sale (NYSE) $33.550
--------------------- ------------------------ ------------------------------- ------------------------------
9/7/05 300 Sale (NYSE) $33.460
--------------------- ------------------------ ------------------------------- ------------------------------
9/7/05 4,000 Sale (NYSE) $33.350
--------------------- ------------------------ ------------------------------- ------------------------------
9/08/05 5,000 Sale (NYSE) $34.400
--------------------- ------------------------ ------------------------------- ------------------------------
9/08/05 5,700 Sale (NYSE) $34.150
--------------------- ------------------------ ------------------------------- ------------------------------
9/08/05 50,000 Option Exercise $11.000
--------------------- ------------------------ ------------------------------- ------------------------------
9/08/05 18,300 Sale (NYSE) $34.300
--------------------- ------------------------ ------------------------------- ------------------------------
9/08/05 1,700 Sale (NYSE) $34.250
--------------------- ------------------------ ------------------------------- ------------------------------
9/09/05 5,000 Sale (NYSE) $34.500
--------------------- ------------------------ ------------------------------- ------------------------------
9/09/05 10,000 Sale (NYSE) $34.900
--------------------- ------------------------ ------------------------------- ------------------------------
9/09/05 1,500 Sale (NYSE) $34.620
--------------------- ------------------------ ------------------------------- ------------------------------
9/09/05 3,500 Sale (NYSE) $34.600
--------------------- ------------------------ ------------------------------- ------------------------------
(d) Mr. Martin has the right to receive and the power to direct the receipt
of dividends from, and proceeds from the sale of, the Company securities he
beneficially owns. Mr. Martin understands that his family members that own
Shares have the right to receive and the power to direct the receipt of
dividends from, and proceeds from the sale of, the Shares they own.
(e) On September 1, 2005, Mr. Martin ceased to be the beneficial owner of
more than five percent (5%) of the Shares.
[The remainder of the page is intentionally left blank.]
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 ___, 2005
/s/ J. Landis Martin
----------------------
J. Landis Martin