UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 14)*
The Valspar Corporation
(Name of Issuer)
Common Stock, $0.50 Par Value
(Title of Class of Securities)
920355104
(CUSIP Number)
December 31, 2003
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ X ] 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 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).
(Continued on following page(s))
Page 1 of 4 Pages
CUSIP No. 920355104
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
C. Angus Wurtele
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
United States of America
Number of 5. Sole Voting Power 3,500,567
Shares
Beneficially 6. Shared Voting Power 40,476
Owned by
Each Reporting 7. Sole Dispositive Power 3,500,567
Person With
8. Shared Dispositive Power 40,476
9. Aggregate Amount Beneficially Owned by Each Reporting Person
3,541,043
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
11. Percent of Class Represented by Amount in Row (9)
7.1%
12. Type of Reporting Person
IN
Page 2 of 4 Pages
Item 1.
(a) Name of Issuer:
The Valspar Corporation
(b) Address of Issuer's Principal Executive Offices:
1101 Third Street South
Minneapolis, MN 55415
Item 2.
(a) Name of Person Filing: See Cover Page Item 1
(b) Address of Principal Business Office or, if none, residence:
4900 IDS Center
80 So. 8th Street
Minneapolis, MN 55402
(c) Citizenship: See Cover Page Item 4
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number.: See Cover Page
Item 3. If this statement is filed pursuant to ss.240.13d-1(b) or 240.13d-2(b)
or (c), check whether the person filing is a:
Not applicable
Item 4. Ownership.
(a) Amount beneficially owned: See Cover Page Item 9
(b) Percent of class: See Cover Page Item 11
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: See Cover Page Item
5
(ii) Shared power to vote or to direct the vote: See Cover Page
Item 6
(iii) Sole power to dispose or to direct the disposition of: See
Cover Page Item 7
(iv) Shared power to dispose or to direct the disposition of: See
Cover Page Item 8
Page 3 of 4 Pages
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:
Shares reported include 40,476 shares owned by spouse.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company or Control
Person:
Not applicable
Item 8. Identification and Classification of Members of the Group:
Not applicable
Item 9. Notice of Dissolution of Group: Not applicable
Item 10. Certification: Not applicable
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: February 12, 2004
/s/ C. Angus Wurtele
--------------------------
C. Angus Wurtele
Page 4 of 4 Pages