UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)
USG CORPORATION
(Name of Issuer)
Common Stock, $0.10 par value
(Title of Class of Securities)
903293405
(CUSIP Number)
May 16, 2006
(Date of Event Which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[x] 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).
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CUSIP No. 903293405 13G Page 2 of 9 Pages
---------------- -- --
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D. E. Shaw Laminar Portfolios, L.L.C. - (IRS Identification
No. 01-0577802)
---- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---- --------------------------------------------------------------------------
3 SEC USE ONLY
---- --------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ---- ----------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ---- ----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 2,615,769
BY ---- ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ---- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,615,769
---- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,615,769
---- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.8%
---- --------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
---- --------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
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CUSIP No. 903293405 13G Page 3 of 9 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D. E. Shaw & Co., L.P. - (IRS Identification No. 13-3695715)
---- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---- --------------------------------------------------------------------------
3 SEC USE ONLY
---- --------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ---- ----------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ---- ----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 4,159,669
BY ---- ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ---- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,166,469
---- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,166,469
---- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.3%
---- --------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA, PN
---- --------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
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CUSIP No. 903293405 13G Page 4 of 9 Pages
---------------- -- --
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D. E. Shaw & Co., L.L.C. - (IRS Identification No. 13-3799946)
---- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---- --------------------------------------------------------------------------
3 SEC USE ONLY
---- --------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ---- ----------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ---- ----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 3,487,769
BY ---- ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ---- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,487,769
---- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,487,769
---- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.8%
---- --------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---- --------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
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CUSIP No. 903293405 13G Page 5 of 9 Pages
---------------- -- --
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David E. Shaw
---- --------------------------------------------------------------------------
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
0
NUMBER OF ---- ----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 4,159,669
BY ---- ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ---- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,166,469
---- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,166,469
---- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.3%
---- --------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---- --------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
ITEM 1(a) NAME OF ISSUER:
USG Corporation
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
125 S. Franklin Street
Department 188
Chicago, IL 60606
ITEM 2(a) NAME OF PERSON FILING:
D. E. Shaw Laminar Portfolios, L.L.C.
D. E. Shaw & Co., L.P.
D. E. Shaw & Co., L.L.C.
David E. Shaw
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The business address for all filers is:
120 W. 45th Street, Tower 45, 39th Floor
New York, NY 10036
ITEM 2(c) CITIZENSHIP:
D. E. Shaw Laminar Portfolios, L.L.C. is a limited liability company
organized under the laws of the state of Delaware.
D. E. Shaw & Co., L.P. is a limited partnership organized under the
laws of the state of Delaware.
D. E. Shaw & Co., L.L.C. is a limited liability company organized
under the laws of the state of Delaware.
David E. Shaw is a citizen of the United States of America.
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, $0.10 par value (the "Shares")
ITEM 2(e) CUSIP NUMBER:
903293405
ITEM 3 Not Applicable
ITEM 4 OWNERSHIP:
As of the close of business on June 9, 2006:
(a) Amount beneficially owned:
-------------------------------------- ----------------------------
D. E. Shaw Laminar Portfolios, L.L.C.: 2,615,769 Shares
-------------------------------------- ----------------------------
D. E. Shaw & Co., L.P.: 4,166,469 Shares
This is composed of (i)
671,900 shares in the name
of D. E. Shaw Valence
Portfolios, L.L.C., (ii)
2,615,769 shares in the name
of D. E. Shaw Laminar
Portfolios, L.L.C., (iii)
872,000 shares in the name
of D. E. Shaw Oculus
Portfolios, L.L.C., and (iv)
6,800 shares under the
management of D. E. Shaw
Investment Management,
L.L.C.
-------------------------------------- ----------------------------
D. E. Shaw & Co., L.L.C.: 3,487,769 Shares
This is composed of (i)
2,615,769 shares in the name
of D. E. Shaw Laminar
Portfolios, L.L.C. and (ii)
872,000 shares in the name
of D. E. Shaw Oculus
Portfolios, L.L.C.
-------------------------------------- ----------------------------
David E. Shaw: 4,166,469 Shares
This is composed of (i)
671,900 shares in the name
of D. E. Shaw Valence
Portfolios, L.L.C., (ii)
2,615,769 shares in the name
of D. E. Shaw Laminar
Portfolios, L.L.C., (iii)
872,000 shares in the name
of D. E. Shaw Oculus
Portfolios, L.L.C., and (iv)
6,800 shares under the
management of D. E. Shaw
Investment Management,
L.L.C.
-------------------------------------- ----------------------------
(b) Percent of class:
D. E. Shaw Laminar Portfolios, L.L.C.: 5.8%
D. E. Shaw & Co., L.P.: 9.3%
D. E. Shaw & Co., L.L.C.: 7.8%
David E. Shaw: 9.3%
(c) Number of Shares to which the person has:
(i) Sole power to vote or to direct the vote:
D. E. Shaw Laminar Portfolios, L.L.C.: -0-
D. E. Shaw & Co., L.P.: -0-
D. E. Shaw & Co., L.L.C.: -0-
David E. Shaw: -0-
(ii) Shared power to vote or to direct the vote:
D. E. Shaw Laminar Portfolios, L.L.C.: 2,615,769 Shares
D. E. Shaw & Co., L.P.: 4,159,669 Shares
D. E. Shaw & Co., L.L.C.: 3,487,769 Shares
David E. Shaw: 4,159,669 Shares
(i) Sole power to dispose or to direct the disposition of:
D. E. Shaw Laminar Portfolios, L.L.C.: -0-
D. E. Shaw & Co., L.P.: -0-
D. E. Shaw & Co., L.L.C.: -0-
David E. Shaw: -0-
(ii) Shared power to dispose or to direct the disposition of:
D. E. Shaw Laminar Portfolios, L.L.C.: 2,615,769 Shares
D. E. Shaw & Co., L.P.: 4,166,469 Shares
D. E. Shaw & Co., L.L.C.: 3,487,769 Shares
David E. Shaw: 4,166,469 Shares
David E. Shaw does not own any shares directly. By virtue of
David E. Shaw's position as President and sole shareholder of
D. E. Shaw & Co., Inc., which is the general partner of D. E. Shaw &
Co., L.P., which in turn is the managing member and investment
adviser of D. E. Shaw Valence Portfolios, L.L.C., the managing
member of D. E. Shaw Investment Management, L.L.C., and the
investment adviser of D. E. Shaw Laminar Portfolios, L.L.C. and
D. E. Shaw Oculus Portfolios, L.L.C., and by virtue of
David E. Shaw's position as President and sole shareholder of
D. E. Shaw & Co. II, Inc., which is the managing member of
D. E. Shaw & Co., L.L.C., which in turn is the managing member of
D. E. Shaw Laminar Portfolios, L.L.C. and D. E. Shaw Oculus
Portfolios, L.L.C., David E. Shaw may be deemed to have the shared
power to vote or direct the vote of 4,159,669 shares, and the shared
power to dispose or direct the disposition of 4,166,469 shares, the
4,166,469 shares as described above constituting 9.3% of the
outstanding shares and, therefore, David E. Shaw may be deemed to be
the beneficial owner of such shares. David E. Shaw disclaims
beneficial ownership of such 4,166,469 shares.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following.
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 MEMBERS OF THE GROUP:
Not Applicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
ITEM 10 CERTIFICATION:
By signing below, each of D. E. Shaw Laminar Portfolios, L.L.C.,
D. E. Shaw & Co., L.P., D. E. Shaw & Co., L.L.C., and David E. Shaw
certify that, to the best of such reporting person's knowledge and
belief, the securities referred to above 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 such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete, and correct. Powers of Attorney, dated February 24, 2004 granted
by David E. Shaw in favor of Eric Wepsic, are attached hereto.
Dated: June 12, 2006
D. E. Shaw Laminar Portfolios, L.L.C.
By: D. E. Shaw & Co., L.L.C., as managing
member
By: /s/ Eric Wepsic
-------------------------------
Eric Wepsic
Managing Director
D. E. Shaw & Co., L.P.
By: /s/ Eric Wepsic
-------------------------------------
Eric Wepsic
Managing Director
D. E. Shaw & Co., L.L.C.
By: /s/ Eric Wepsic
-------------------------------------
Eric Wepsic
Managing Director
David E. Shaw
By: /s/ Eric Wepsic
-------------------------------------
Eric Wepsic
Attorney-in-Fact for David E. Shaw