First Chicago NBD Corp – ‘SC 13G’ on 2/13/96 re: Watts Water Technologies Inc

As of:  Tuesday, 2/13/96   ·   Accession #:  950109-96-740   ·   File #:  5-38025

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

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Statement of Beneficial Ownership                      5     20K 

Document Table of Contents

SC 13G
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UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON D.C. 20549 

SCHEDULE 13G  

UNDER THE SECURITIES EXCHANGE ACT OF 1934 
(AMENDMENT NO.      )*  
           -----

WATTS INDUSTRIES INC  
--------------------------------------------------------------------------------
(Name of Issuer)  

Common Stock  
--------------------------------------------------------------------------------
(Title of Class of Securities)  

942749 10 2 
------------------------  
(CUSIP Number)  

Check the following box if a fee is being paid with this statement [X].  (A fee 
is not required only if the filing person:  (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of        
securities described in Item 1; and (2) has filed no amendment subsequent       
thereto reporting beneficial ownership of five percent or less of such class.)  
(See Rule 13d-7.)                                                               

*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).                                                                         

SC 13G
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CUSIP No. 942749 10 2                 13G                 Page 2 of 5 Pages 

------------------------------------------------------------------------------  
NAME OF REPORTING PERSON                                            
1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                        

First Chicago NBD Corporation        38-1984850         
------------------------------------------------------------------------------  
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                   
2                                                              (a) [_]        
                                                       (b) [X]

------------------------------------------------------------------------------  
SEC USE ONLY                                                        
3                                                                             

------------------------------------------------------------------------------  
CITIZENSHIP OR PLACE OF ORGANIZATION                                
4                                                                             
Delaware                                                

------------------------------------------------------------------------------  
SOLE VOTING POWER           
5                                     
NUMBER OF                -0-                                          

    SHARES       -----------------------------------------------------------
SHARED VOTING POWER         
BENEFICIALLY      6                                                       
-0-                 
OWNED BY                                                              
                 -----------------------------------------------------------
EACH               SOLE DISPOSITIVE POWER                         
7                                     
REPORTING                 -0-                                           

    PERSON       -----------------------------------------------------------
SHARED DISPOSITIVE POWER    
WITH          8                                                   
-0-                 
------------------------------------------------------------------------------  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON        
9                                                                             
           None except indirectly through one or more subsidiaries as reported
herein. See Item 4.                                     

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

------------------------------------------------------------------------------  
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                     
11                                                                              

------------------------------------------------------------------------------  
TYPE OF REPORTING PERSON*                                           
12                                                                              
HC CO                                                   

------------------------------------------------------------------------------  

SC 13G
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Item 1(a).  Name of Issuer:                                                     
--------------                                          

Watts Industries Inc. ("Company")                       

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

815 Chestnut Street                                     
North Andover, Massachusetts 01845                      

Item 2(a).  Name of Person Filing:                                              
---------------------                                   

First Chicago NBD Corporation ("FCN").                  

Item 2(b).  Address of Principal Business Office:                               
------------------------------------                    

One First National Plaza                                
Chicago, Illinois 60670                                 

Item 2(c).  Citizenship:                                                        
-----------                                             

     FCN is a corporation organized under the laws of the State of
Delaware.                                               

Item 2(d).  Title of Class of Securities:                                       
----------------------------                            

Common Stock (the "Common")                             

Item 2(e).  CUSIP Number                                                        
------------                                            

942749 10 2                                             

Item 3.     Type of Person Filing:                                              
---------------------                                   

(g)  FCC is a Parent Holding Company in accordance with 
Section 240.13d-1(b)(ii)(G).                            

Item 4.     Ownership:                                                          
---------                                               

            (a)-(b) FCN may be deemed to own shares of Common solely through its
          ownership of one or more banking subsidiaries (the "Banks"), which
      hold such shares solely in a fiduciary capacity. The Banks, in
           aggregate, may be deemed to hold 958,654 shares, representing 5.27%
        of the outstanding Common. None of the Banks, individually, is a
     Reporting Person. Each of the Banks is a "Bank" as defined in
Section 3(a)(6) of the Act.                             

SC 13G
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      (c) The Banks have sole voting power over 937,470 shares, sole
        investment power over 915,234 shares and shared investment power
         over 36,220 shares. See items 5 through 9 and item 11 on page two
hereof.                                                 

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:    
        ----------------------------------------------------------------

Not applicable.                                         

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:           
--------------------------------------------------------

Not applicable.                                         

Item 9.     Notice of Dissolution of Group:                                     
------------------------------                          

Not applicable.                                         

Item 10.    Certification:                                                      
-------------                                           

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

Disclaimer                                                                      
----------                                                                      

First Chicago NBD Corporation expressly declares that the filing of this  
statement shall not be construed as an admission that First Chicago NBD         
Corporation, is, for the purposes of Section 13(d) or 13(g) of the Securities   
Exchange Act of 1934, the beneficial owner of any securities covered by this    
statement.                                                                      

SC 13G
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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, 1996                                                        

                           FIRST CHICAGO NBD CORPORATION

                        By:  /s/ M. Eileen Kennedy
                               -----------------------
                             M. Eileen Kennedy
                                     Senior Vice President and
                         Treasurer

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13G’ Filing		Date		First		Last			Other Filings
		2/15/96							424B2
Filed on:		2/13/96							SC 13G,  SC 13G/A
		2/12/96		5					SC 13G,  SC 13G/A
									List all Filings