SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDED SCHEDULE 13G
Under the Securities Exchange Act of 1934
VALMONT INDUSTRIES, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
920-253-10-1
(CUSIP Number)
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.
1. Name of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Robert B. Daugherty, 508-07-0946
2. Check the Appropriate Box if a Member of a Group
[ ] (a) [ ] (b)
3. SEC Use Only
4. Citizenship or Place of Organization: United States
5. Sole Voting Power
7,113,568 Shares
Number of
Shares 6. Shared Voting Power
Beneficially
Owned by -0- Shares
Reporting
Person 7. Sole Dispositive Power
With
7,113,568 Shares
8. Shared Dispositive Power
-0- Shares
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
7,113,568 Shares
10. Check Box if Aggregate Amount in Row 11 Excludes Certain Shares: [ ]
11. Percent of Class Represented by Amount in Row 11: Approximately 29.8% of
voting securities.
12. Type of Reporting Person: IN
The reporting person filed an Amended Schedule 13G dated January 17,
2002. The reporting person's ownership of Valmont common stock existed prior to
Valmont's initial public offering. The number of shares owned by the reporting
person increased during 2002 on account of the acquisition of shares under a
Valmont Stock Plan. The percentage ownership of the reporting person increased
during 2002 on account of stock repurchases by Valmont. The reporting person
hereby amends Item 4 "Ownership" to report that as of January 1, 2003, the
reporting person owned 7,113,568 shares of Valmont common stock, which
represented approximately 29.8% of Valmont's outstanding common stock. These
shares were owned by the reporting person through MCT Investments Limited
Partnership. The ownership of the reporting person does not include 24,000
shares of Valmont common stock which the reporting person has the right to
acquire through the exercise of outstanding stock options. At October 25, 2002,
Valmont had outstanding 23,875,083 shares of common stock.
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 purposes 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.
January 15, 2003
-----------------------------
(Date)
/s/ Robert B. Daugherty
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Robert B. Daugherty