UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
Bairnco Corp.
(Name of Issuer)
Common
(Title of Class of Securities)
057097107
(CUSIP Number)
December 31, 2003
(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. 057097107 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
414,000
6) SHARED VOTING POWER
0
7) SOLE DISPOSITIVE POWER
0
8) SHARED DISPOSITIVE POWER
489,900
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
489,900
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
611,650
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.55
12) TYPE OF REPORTING PERSON*
BD/IA
CUSIP No. 057097107 13G Page 3 of 5 Pages
Item 1. (a) Name of Issuer:
Bairnco Corp.
Item 1 (b) Address of Issuer's Principal Executive Offices:
300 Primera Blvd., Ste 432, Lake Mary, FL 32746
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:
057097107
Item 3. (g) /X/ Parent holding company, in accordance with
240.13d-1 (b)(ii)(G)
Item 4. Ownership:
(a) Amount Beneficially Owned:
489,900
(b) Percent of Class:
6.55
CUSIP No. 057097107 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: 414,000
(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: 489,900
Item 5. Ownership of Five Percent or Less of a Class:
N/A
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 of 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.
Employee(s) of Neuberger Berman, LLC own 611,650 shares. Employee(s)
own these shares in their own personal securities accounts. Neuberger
Berman, LLC disclaims beneficial ownership of these shares since; these
shares were purchased with each employee(s) personal funds and each
employee has exclusive dispositive and voting power over the shares held
in their respective accounts.
Included in this total is 922,800 shares beneficially owned by Marvin
Schwartz, an employee of Neuberger Berman, LLC Marvin Schwartz filed a 13-
D for these shares on 5/28/96. These shares include some of the 611,650
shares referenced above as well as additional shares owned by Mr.
Schwartz's family accounts.
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. 057097107 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, 2004
By:
Kevin Handwerker
General Counsel
Neuberger Berman, Inc.
Neuberger Berman, LLC.