Neuberger Berman Inc – ‘SC 13G/A’ on 2/13/03 re: Nortek Holdings Inc

On:  Thursday, 2/13/03, at 4:14pm ET   ·   Accession #:  1068144-3-10   ·   File #:  5-30364

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Amendment to Statement of Beneficial Ownership   —   Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G/A    Amendment to Statement of Beneficial Ownership         4±    19K 

Document Table of Contents

UNITED STATES                                                                   
SECURITIES AND EXCHANGE COMMISSION                                              
Washington, D.C 20549                                                           

SCHEDULE 13G                                                                    

Under the Securities Exchange Act of 1934                                       

(Amendment No. 5)*                                                              

Nortek Inc.                                                                     
(Name of Issuer)                                                                

Common                                                                          
(Title of Class of Securities)                                                  

656557105                                                                       
(CUSIP Number)                                                                  

December 31, 2002                           
(Date of Event Which Requires Filing of this Statement)                         

Check the appropriate box to designate the rule pursuant to which this          
Schedule is filed:                                                              

[X]     Rule 13d-1 (b)                                                          

[ ]     Rule 13d-1 (c)                                                          

[ ]     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).                                               

CUSIP No. 656557105               13G              Page 2 of 5 Pages            

1)    NAME OF REPORTING PERSON                                                  
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                   
Neuberger Berman, Inc.                                              
061523639                                                           
Neuberger Berman, LLC.                                        
13-5521910                                                    

2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               (a) /__/   
                                                                         (b) /X/

3)   SEC USE ONLY                                                               

4)   CITIZENSHIP OR PLACE OF ORGANIZATION                                       
Delaware                                                            

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:              

5)   SOLE VOTING POWER                                                          
0                                                                   

6)   SHARED VOTING POWER                                                        
0                                                                   

7)   SOLE DISPOSITIVE POWER                                                     
0                                                                   

8)   SHARED DISPOSITIVE POWER                                                   
0                                                                   

9)   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON               
0                                                                   

10)   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*     
0                                                                   

11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                           
0                                                                   

12)   TYPE OF REPORTING PERSON*                                                 

BD/IA                                                               

CUSIP No. 656557105               13G              Page 3 of 5 Pages            
Item 1. (a)    Name of Issuer:                                                  

Nortek Inc.                                       

Item 1  (b)    Address of Issuer's Principal Executive Offices:                 

50 Kennedy Plaza Providence, RI 02903             

Item 2. (a)    Name of Person Filing:                                           
Neuberger Berman Inc.                             
Neuberger Berman, LLC.          

Item 2  (b)    Address of Principal Business Office:                            

605 Third Ave., New York, NY, 10158-3698          

Item 2  (c)    Citizenship:                                                     

USA                                               

Item 2  (d)    Title of Class of Securities:                                    

Common                                            

Item 2  (e)    CUSIP Number:                                                    

656557105                                         

Item 3. (g)    /X/  Parent holding company, in accordance with                  
    240.13d-1 (b)(ii)(G)

Item 4.        Ownership:                                                       

(a)    Amount Beneficially Owned:                               

0                                                 

(b)    Percent of Class:                                        

0                                                 

CUSIP No. 656557105               13G              Page 4 of 5 Pages            

(c)    Number of Shares as to which such person has:                            
(I)    Sole Power to vote or to direct the                  
vote: 0                                       

(II)   Shared Power to vote or to direct the                
vote: 0                                       

(III)  Sole Power to dispose or to direct the disposition   
of: 0                                         

(IV)   Shared Power to dispose or to direct the disposition 
of: 0                                         

Item 5.        Ownership of Five Percent or Less of a Class:                    
          This statement is being filed to report the fact, that as of
         the date hereof, Neuberger Berman, LLC has ceased to be the
        beneficial owner of more than five percent of the class of
securities.                                       
Item 6.        Ownership of More than Five Percent on Behalf of Another:        

Neuberger Berman, LLC is deemed to be a beneficial owner for purpose of         
Rule 13(d) since it has shared power to make decisions whether to retain        
or dispose, and in some cases the sole power to vote, the securities of         
many unrelated clients.  Neuberger Berman, LLC does not, however, have any      
economic interest in the securities of those clients.  The clients are the      
actual owners of the securities and have the sole right to receive and the      
power to direct the receipt of dividends from or proceeds from the sale of      
such securities.                                                                

No other Neuberger Berman, LLC advisory client has an interest of more than     
5% of the issuer.                                                               

It should be further noted that the share calculation under item 4.(c)(IV)      
is derived from a total combination of the shares set forth under Item          
4.(c)(I and II). The remaining balance of shares, if any, are for individual    
client accounts over which Neuberger Berman, LLC has shared power to dispose    
but not vote shares.                                                            

CUSIP No. 656557105               13G              Page 5 of 5 Pages            

Item 7.          Identification and Classification of the Subsidiary Which      
       Acquired the Security Being Reported on by the Parent
Holding Company:                                                            

Neuberger Berman, Inc. makes this filing pursuant to Rule                       
13d-1(b)(ii)(G) since it owns 100% of both Neuberger                            
Berman, LLC and Neuberger Berman Management, Inc. and does                      
not own over 1% of the issuer.                                                  
Neuberger Berman, LLC, as investment advisor and                                
broker/dealer with discretion.                                                  
Neuberger Berman Management, Inc. as investment advisor to                      
a Series of Public Mutual Funds.                                                

Item 8.          Identification and Classification of Members of the Group:     

N/A                                           

Item 9.          Notice of Dissolution of Group:                                

N/A                                           

Item 10.         Certification:                                                 

By signing below I certify that, to the best of my knowledge and belief, the    
securities referred to above were acquired and are held in the ordinary         
course of business and were not acquired and are not held for the purpose of    
or with the effect of changing or influencing the control of the issuer of      
the securities and were not acquired and are not held in connection with or     
as a participant in any transaction having that purpose or effect.              

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 13, 2003                                                         

By:                                                                             
Kevin Handwerker                                                
General Counsel                                                 
Neuberger Berman, Inc.                                          
Neuberger Berman, LLC.                                          

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 13G/A’ Filing		Date		Other Filings
Filed on:		2/13/03		SC 13G,  SC 13G/A
		12/31/02		10-K,  13F-NT
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