SCHEDULE 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934*

 

 

 

 

 

Service Corporation International

(Name of Issuer)

 

 

Common Stock

(Title of Class of Securities)

 

 

817565104

                                (CUSIP Number)                                

 

 

December 31, 2006

(Date of Event Which Requires Filing of this Statement)

 

 

Check 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 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 (however, see the Notes).

 

Page 1 of 4 Pages


CUSIP No. 817565104   13G    
  1.  

NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Barrow, Hanley, Mewhinney & Strauss, Inc.

752403190

   
  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

 

A Nevada corporation

   

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

  5.    SOLE VOTING POWER

 

         751,200 shares


  6.    SHARED VOTING POWER

 

         30,621,000 shares


  7.    SOLE DISPOSITIVE POWER

 

         31,372,200 shares


  8.    SHARED DISPOSITIVE POWER

 

         —

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

31,372,200 shares

   
10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

(See Instructions)

 

¨

   
11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

10.72%

   
12.  

TYPE OF REPORTING PERSON (See Instructions)

 

IA

   

 

Page 2 of 4 Pages


SCHEDULE 13G        

 

Item 1(a)

   Name of Issuer: Service Corporation International          

1(b)

   Address of Issuer’s Principal Executive Offices:          
    

1929 Allen Parkway

Houston, TX 77019

         

Item 2(a)

   Name of Person Filing:          
     Barrow, Hanley, Mewhinney & Strauss, Inc.          

2(b)

   Address of Principal Business Office or, if none, Residence:          
    

2200 Ross Avenue, 31st Floor

Dallas, TX 75201-2761

         

2(c)

   Citizenship:          
     A Nevada corporation          

2(d)

   Title of Class of Securities:          
    

Common Stock

         

2(e)

   CUSIP Number:    817565104          

Item 3    

   If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:     
     (a)    ¨    Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).          
     (b)    ¨    Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).          
     (c)    ¨    Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).          
     (d)    ¨    Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).          
     (e)    x    An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E):          
     (f)    ¨    An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);          
     (g)    ¨    A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G);          
     (h)    ¨    A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813):          
     (i)    ¨    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);          
     (j)    ¨    Group, in accordance with §240.13d-1(b)(1)(ii)(J).          

Item 4

   Ownership:          
     4(a)    Amount beneficially owned:          
          31,372,200 shares          
     4(b)    Percent of Class:          
          10.72%
     4(c)    Number of shares as to which person has:          
          (i)    Sole power to vote or to direct the vote: 751,200 shares          

 

Page 3 of 4 Pages


          (ii)    Shared power to vote or to direct the vote: 30,621,000 shares          
          (iii)    Sole power to dispose or to direct the disposition of: 31,372,200 shares          
          (iv)    Shared power to dispose or to direct the disposition of: —          

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:          
          The right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the common stock is held by certain clients of the reporting person, none of which has such right or power with respect to five percent or more of the common stock.          

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 Members of the Group:          
          Not Applicable.          

Item 9

   Notice of Dissolution of Group:          
          Not Applicable.          

Item 10

   Certification:          
          By signing below the undersigned certifies that, to the best of its 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.          

 

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

BARROW, HANLEY, MEWHINNEY & STRAUSS, INC.
By:  

/s/ James P. Barrow

   

Name: James P. Barrow

Title: President

 

February 9, 2007

 

Page 4 of 4 Pages