1 Filed pursuant to Rule 424(b)3 Registration No. 333-47261 Registration No. 333-47261-01 PROSPECTUS SUPPLEMENT NO. 3 (TO THE PROSPECTUS DATED MAY 14, 1998) 10,000,000 PREFERRED SECURITIES NEWELL LOGO NEWELL FINANCIAL TRUST I 5 1/4% CONVERTIBLE QUARTERLY INCOME PREFERRED SECURITIES (CONVERTIBLE QUIPS(SM)* SECURITIES) (LIQUIDATION PREFERENCE $50 PER PREFERRED SECURITY) GUARANTEED TO THE EXTENT SET FORTH IN THE PROSPECTUS REFERENCED HEREIN BY, AND CONVERTIBLE INTO COMMON STOCK OF, NEWELL CO. ------------------------ This Prospectus Supplement No. 3 supplements and amends the Prospectus dated May 14, 1998, as supplemented by the Prospectus Supplement dated June 5, 1998, and the Prospectus Supplement No. 2 dated June 25, 1998, (the "Prospectus") relating to (i) the 5 1/4% Convertible Quarterly Income Preferred Securities (the "Preferred Securities"), which represent preferred undivided beneficial ownership interests in the assets of Newell Financial Trust I, a statutory business trust formed under the laws of the State of Delaware, and (ii) the shares of common stock of Newell Co., a Delaware corporation (the "Company"), $1.00 par value per share (the "Company Common Stock"), issuable upon conversion of the Preferred Securities. The Selling Holder Table is hereby amended so that the following line items read as follows: The Prospectus, together with this Prospectus Supplement No. 3, constitutes the prospectus required to be delivered by Section 5(b) of the Securities Act of 1933, as amended, with respect to offers and sales of the Preferred Securities and the Company Common Stock issuable upon conversion of the Preferred Securities. SEE "RISK FACTORS" BEGINNING ON PAGE 6 OF THE PROSPECTUS FOR A DISCUSSION OF CERTAIN FACTORS TO BE CONSIDERED IN CONNECTION WITH AN INVESTMENT IN THE OFFERED SECURITIES. ------------------------ THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THE PROSPECTUS OR THIS PROSPECTUS SUPPLEMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. ------------------------ - --------------------- * QUIPS is a servicemark of Goldman, Sachs & Co. ------------------------ The date of this Prospectus Supplement is July 13, 1998.
SHARES OF COMPANY NUMBER OF COMMON STOCK PREFERRED SECURITIES ISSUABLE UPON OWNED AND CONVERSION OF NAME OF SELLING HOLDER OFFERED HEREBY PREFERRED SECURITIES ---------------------- -------------------- -------------------- 18. Boston College Endowment Fund............................... 3,300 3,255 33. Employers' Reinsurance Corporation.......................... 30,000 29,595 109. Museum of Fine Arts, Boston................................. 1,900 1,874 112. New Hampshire State Retirement System....................... 9,600 9,470 131. Promutual................................................... 8,000 7,892 134. Putnam Balanced Retirement Fund............................. 4,700 4,636 135. Putnam Convertible Income-Growth Trust...................... 130,000 128,245 136. Putnam Convertible Opportunities and Income Trust........... 6,700 6,609 138. Rhone-Poulenc Rorer Inc. Pension Plan....................... 10,500 10,358 166. University of Rochester..................................... 1,900 1,874 181. JP Morgan Securities Inc.................................... 105,800 104,371 Total....................................................... 8,968,441 8,847,298 Additionally, the following new line items are hereby added to the Selling Holder Table: 184. The Minnesota Mutual Life Insurance Company................. 26,700 26,339 185. Parker-Hannifin Corporation................................. 4,500 4,439 186. Premier Global Yield Plus................................... 10,000 9,865