APG ASSET MANAGEMENT US INC. SC 13G/A Filing Concerning WDFC on 2020-12-31 (2023)

Reporting Persons

Name Sole
Voting Power
Shared
Voting Power
Sole
Dispositive Power
Shared
Dispositive Power
Aggregate
Amount Owned
Percent
of class
(VOLUNTARY) (ENTITIES ONLY): 0 1,236,668 0 1,236,668 1,236,668 9.0%
(VOLUNTARY) (ENTITIES ONLY): 0 1,236,668 0 1,236,668 1,236,668 9.0%
(VOLUNTARY) (ENTITIES ONLY): 0 1,236,668 0 1,236,668 1,236,668 9.0%
(VOLUNTARY) (ENTITIES ONLY): 0 1,236,668 0 1,236,668 1,236,668 9.0%

Raw Filing Contents

0001193125-21-010716.txt : 20210119
0001193125-21-010716.hdr.sgml : 2021011920210119061358ACCESSION NUMBER:0001193125-21-010716CONFORMED SUBMISSION TYPE:SC 13G/APUBLIC DOCUMENT COUNT:1FILED AS OF DATE:20210119DATE AS OF CHANGE:20210119GROUP MEMBERS:APG ASSET MANAGEMENT, N.V.GROUP MEMBERS:APG GROEP, N.V.GROUP MEMBERS:STICHTING PENSIOENFONDS ABPSUBJECT COMPANY:COMPANY DATA:COMPANY CONFORMED NAME:WD 40 COCENTRAL INDEX KEY:0000105132STANDARD INDUSTRIAL CLASSIFICATION:MISCELLANEOUS CHEMICAL PRODUCTS [2890]IRS NUMBER:951797918STATE OF INCORPORATION:DEFISCAL YEAR END:0831FILING VALUES:FORM TYPE:SC 13G/ASEC ACT:1934 ActSEC FILE NUMBER:005-37365FILM NUMBER:21533767BUSINESS ADDRESS:STREET 1:9715 BUSINESSPARK AVENUECITY:SAN DIEGOSTATE:CAZIP:92131BUSINESS PHONE:6192751400MAIL ADDRESS:STREET 1:9715 BUSINESSPARK AVENUECITY:SAN DIEGOSTATE:CAZIP:92131FILED BY:COMPANY DATA:COMPANY CONFORMED NAME:APG Asset Management US Inc.CENTRAL INDEX KEY:0001323255IRS NUMBER:061285941STATE OF INCORPORATION:DEFISCAL YEAR END:1231FILING VALUES:FORM TYPE:SC 13G/ABUSINESS ADDRESS:STREET 1:666 THIRD AVENUESTREET 2:2ND FLOORCITY:NEW YORKSTATE:NYZIP:10017BUSINESS PHONE:(917) 368-3500MAIL ADDRESS:STREET 1:666 THIRD AVENUESTREET 2:2ND FLOORCITY:NEW YORKSTATE:NYZIP:10017FORMER COMPANY:FORMER CONFORMED NAME:APG Investments US Inc.DATE OF NAME CHANGE:20080509FORMER COMPANY:FORMER CONFORMED NAME:ABP Investments US, Inc.DATE OF NAME CHANGE:20050407
SC 13G/A1d84097dsc13ga.htmSC 13G/ASC 13G/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)

WD-40 Company

(Name of Issuer)

Common Stock, $0.001 par value

(Title of Class of Securities)

929236107

(CUSIP Number)

December 31, 2020

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box todesignate the rule pursuant to which this Schedule is filed:

☒ 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 formwith 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 SecuritiesExchange 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. 929236107

1

NAMES OFREPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (VOLUNTARY) (ENTITIES ONLY):

APG Asset Management US Inc.

2

CHECK THE APPROPRIATE BOX IF A MEMBEROF A GROUP

(a)(b)

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OFORGANIZATION

Delaware, United States of America

NUMBEROF

SHARES

BENEFICIALLY

OWNEDBY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

6

SHARED VOTING POWER

1,236,668

7

SOLE DISPOSITIVE POWER

8

SHARED DISPOSITIVE POWER

1,236,668

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,236,668

10

CHECK BOX IF THE AGGREGATE AMOUNT INROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNTIN ROW 9

9.0%*

12

TYPE OF REPORTING PERSON

CO, IA

*

Based on 13,688,203 shares of Common Stock outstanding as of January 4, 2021, as reported in the Issuer’sReport on Form 10-Q for the period ended November 30, 2020 filed with the Securities and Exchange Commission on January 7, 2021.

2

CUSIP No. 929236107

1

NAMES OFREPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (VOLUNTARY) (ENTITIES ONLY):

APG Asset Management, N.V.

2

CHECK THE APPROPRIATE BOX IF A MEMBEROF A GROUP (SEE INSTRUCTIONS)

(a)(b)

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OFORGANIZATION

Kingdom of the Netherlands

NUMBEROF

SHARES

BENEFICIALLY

OWNEDBY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

6

SHARED VOTING POWER

1,236,668

7

SOLE DISPOSITIVE POWER

8

SHARED DISPOSITIVE POWER

1,236,668

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,236,668

10

CHECK BOX IF THE AGGREGATE AMOUNT INROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNTIN ROW 9

9.0%*

12

TYPE OF REPORTING PERSON

CO

*

Based on 13,688,203 shares of Common Stock outstanding as of January 4, 2021, as reported in the Issuer’sReport on Form 10-Q for the period ended November 30, 2020 filed with the Securities and Exchange Commission on January 7, 2021.

3

CUSIP No. 929236107

1

NAMES OFREPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (VOLUNTARY) (ENTITIES ONLY):

APG Groep, N.V.

2

CHECK THE APPROPRIATE BOX IF A MEMBEROF A GROUP (SEE INSTRUCTIONS)

(a)(b)

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OFORGANIZATION

Kingdom of the Netherlands

NUMBEROF

SHARES

BENEFICIALLY

OWNEDBY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

6

SHARED VOTING POWER

1,236,668

7

SOLE DISPOSITIVE POWER

8

SHARED DISPOSITIVE POWER

1,236,668

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,236,668

10

CHECK BOX IF THE AGGREGATE AMOUNT INROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNTIN ROW 9

9.0%*

12

TYPE OF REPORTING PERSON

CO

*

Based on 13,688,203 shares of Common Stock outstanding as of January 4, 2021, as reported in the Issuer’sReport on Form 10-Q for the period ended November 30, 2020 filed with the Securities and Exchange Commission on January 7, 2021.

4

CUSIP No. 929236107

1

NAMES OFREPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (VOLUNTARY) (ENTITIES ONLY):

Stichting Pensioenfonds ABP

2

CHECK THE APPROPRIATE BOX IF A MEMBEROF A GROUP (SEE INSTRUCTIONS)

(a)(b)

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OFORGANIZATION

Kingdom of the Netherlands

NUMBEROF

SHARES

BENEFICIALLY

OWNEDBY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

6

SHARED VOTING POWER

1,236,668

7

SOLE DISPOSITIVE POWER

8

SHARED DISPOSITIVE POWER

1,236,668

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,236,668

10

CHECK BOX IF THE AGGREGATE AMOUNT INROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNTIN ROW 9

9.0%*

12

TYPE OF REPORTING PERSON

EP

*

Based on 13,688,203 shares of Common Stock outstanding as of January 4, 2021, as reported in the Issuer’sReport on Form 10-Q for the period ended November 30, 2020 filed with the Securities and Exchange Commission on January 7, 2021.

5

CUSIP No. 929236107

AMENDMENT NO. 1 TO SCHEDULE 13G

Reference is hereby made to the statement on Schedule 13G filed with the Securities and Exchange Commission by the Reporting Persons with respect to theCommon Stock of the Issuer on February4, 2020 (the “Schedule 13G”). Terms defined in the Schedule 13G are used herein as so defined.

Thefollowing Items of the Schedule 13G are hereby amended and restated as follows:

ITEM3.

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. 73c).
(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)

An investment adviser in accordance with §13d-1(b)(1)(ii)(E).

(with respect to APG Asset Management US, Inc.)

(f)

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

(with respect to Stichting Pensioenfonds ABP)

(g)A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
(h)A savings association as defined in Section3(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).
If this statement is filed pursuant to §240.13d-1(c), check this box.
ITEM4.

Ownership:

The information requested in this item is incorporated herein by reference to the cover pages to this Amendment No.1 to Schedule 13G.

APG Asset Management, N.V. (“APG NL”) is wholly-owned by APG Groep, N.V. (“APG Groep”) and is the investment manager with respect to the securities to which this statement relates. Pursuant to an InvestmentManagement Agreement, APG NL has delegated its investment and voting power with respect to such securities to APG Asset Management US, Inc. (“APG US”), which is its wholly-owned subsidiary. Stichting Pensioenfonds ABP is the majority ownerof APG Groep. By virtue of the

6

CUSIP No. 929236107

relationships described above, each of the Reporting Persons may be deemed to share beneficial ownership of the securities to which this statement relates and may be deemed to be a member of a “group” (within themeaning of Section13(d)(3) of the Securities Exchange Act of 1934, as amended). However, each Reporting Person disclaims membership in any such group, and further, each Reporting Person disclaims beneficial ownership of the securities reportedherein except to the extent of its pecuniary interest therein.
ITEM10.Certification:
By signing below the undersigned certify that, to the best of the undersigned’s knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired andare not held for the purpose of or with the effect of changing or influencing the control of the Issuer and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other thanactivities solely in connection with a nomination under § 240.14a-11.

7

CUSIP No. 929236107

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.

Date: January15, 2021

APG ASSET MANAGEMENT US, INC.
By:

/s/ Evan Gordon

Name:Evan Gordon
Title:Chief Compliance Officer
APG ASSET MANAGEMENT, N.V.
By:

/s/ Evan Gordon

Name:Evan Gordon
Title:Chief Compliance Officer
APG GROEP, N.V.
By:

/s/ Evan Gordon

Name:Evan Gordon
Title:Chief Compliance Officer
STICHTING PENSIOENFONDS ABP
By:

/s/ Evan Gordon

Name:Evan Gordon
Title:Chief Compliance Officer

8

FAQs

Is apg a pension fund? ›

APG is one of the world's largest pension investors. At the end of August 2022, the assets we manage for our pension funds and their 4.8 million participants in total represented a value of approximately 558 billion euros. And we are actually quite proud of that.

Is apg an asset manager? ›

APG | Asset Management is one of the largest pension investors in the world and a leading global, long-term investor. We manage in total a value of over 580 billion euros.

Is pension fund guaranteed? ›

At the time of vesting, you will have two choices. You can either start receiving the pension benefits or withdraw the proceeds and purchase an immediate annuity plan from the same company. All pension plans in India provide guaranteed maturity benefit.

Who funds the pension Protection fund? ›

We collect a compulsory levy, much like an insurance premium, from eligible defined benefit pension schemes. We also fund ourselves by accepting the assets of schemes that transfer to us and recovering what we can from their insolvent employers.

What does APG Asset Management do? ›

APG Asset Management N.V. operates as an investment management firm. The Company provides asset liability and risk management, portfolio construction, and investment advisory services.

What is an asset manager responsible for? ›

Asset managers manage and monitor a company's assets. This could include property, money, stocks, shares and bonds, commodities, equities and other financial products.

Is APG government owned? ›

No. The APG is an independent organisation or, more accurately, a task force. It has its own terms of reference and is funded autonomously by its members.

How do I know if my pension has a guaranteed annuity rate? ›

It's not always easy to find out if you have a guaranteed annuity rate. Check your paperwork carefully, look for language like 'retirement annuity contract', 'Section 226 policy' 'with-profits', 'benefits', 'preferential' or 'guarantee'. It's also a good idea to ask your pension provider directly.

How many years of service is required for full pension? ›

The minimum eligibility period for receipt of pension is 10 years. A Central Government servant retiring in accordance with the Pension Rules is entitled to receive pension on completion of at least 10 years of qualifying service.

How many years do you have to work to get a pension? ›

The minimum retirement age for service retirement for most members is 50 years with five years of service credit. The more service credit you have, the higher your retirement benefits will be. There are three basic types of retirement: service, disability, and industrial disability.

How much will I get from Pension Protection Fund? ›

How much compensation will I receive when I retire? If you were below your Normal Pension Age when your former scheme entered the PPF assessment period then, when you retire, you'll generally receive compensation based on 90 per cent of what your pension was worth at the time your employer became insolvent.

What happens if a pension plan is over funded? ›

Reversion occurs when a company terminates an overfunded pension plan. The excess assets (overfunded amount) is reverted back to the company. It is then subject to an excise tax of 50%. In addition, this amount is subject to federal income tax as well as state incomes taxes.

How much of my pension fund is protected? ›

The Pension Protection Fund (PPF) was set up to pay the pensions of any members whose pensions might be impacted in this way. Payments are usually as follows: 100% compensation if you've reached the scheme's pension age. 90% compensation if you're below the scheme's pension age.

What are examples of pension funds? ›

List of Top 10 Largest Public Pension Funds
NameWhereAssets
Social Security Trust FundU.S.$2.9 trillion
Government Pension Investment FundJapan$1.5 trillion
Military Retirement FundU.S.$813 billion
Federal Employees' Retirement SystemU.S.$687 billion
6 more rows
4 Mar 2021

What are the two types of pension funds? ›

There are four types of retirement funds:

A provident fund. A preservation fund. A retirement annuity (RA)

What does the APG do? ›

APG's Runway Analysis provides the limiting weights from a series of intelligent calculations used to determine the maximum takeoff and landing weights for a given aircraft.

Is a pension a MiFID product? ›

MiFID II has introduced a new requirement that all investment product providers must provide investors with a quarterly valuation of their investment products. Pensions (including SIPPs) are excluded from this requirement.

What is an average pension payout? ›

Average Retirement Income in 2021. According to U.S. Census Bureau data, the median average retirement income for retirees 65 and older is $47,357. The average mean retirement income is $73,228.

What happens to a pension when someone dies? ›

Any dependant's pensions that are due are usually paid to the member's legal spouse or registered civil partner. Some, but not all, schemes might pay the pension to a partner, with whom the deceased member was living when they died, who was financially dependent on the member.

Whats the difference between a pension and retirement? ›

A pension is more controlled and constructed according to salary and service. The time in the company is represented by the company's contribution to the pension. Retirement comes at an age when the employee decides to withdraw from the workplace and continue as a consultant or find other part-time work.

What is the difference between pension and retirement fund? ›

A pension plan is funded and controlled by the employer, while a 401(k) is primarily funded by the employee, who may choose how the money is invested. Some employers will match a portion of your 401(k) contributions. A 401(k) allows you control over your fund contributions, while a pension plan does not.

What is the difference between retirement fund and pension fund? ›

A provident fund is a retirement fund run by the government. A pension plan is a retirement plan run by an employer. Pension funds operate much like annuities.

What does APG stand for? ›

Assists Per Game (basketball)

What does APG stand for in government? ›

All-Party Parliamentary Groups - UK Parliament.

What does APG mean in banking? ›

Advance Payment Guarantee (APG)

Is the UK still subject to MiFID? ›

Until the UK formally withdraws from the European Union, EU law such as MiFID I will continue to apply, and firms should continue to work on implementation of new EU legislation such as MiFID II.

Is MiFID applicable to UK? ›

Post-Brexit, the UK has retained any national legislation and regulation that implemented the parts of MiFID that had to be transposed into national law. The UK has also “onshored” the parts of MiFID that applied directly when the UK was an EU Member State.

Are UK firms subject to MiFID? ›

The MiFID II Directive (in particular, Article 16) and the MiFID Delegated Directive set out a number of organisational requirements that investment firms must comply with to become and remain authorised. These MiFID requirements are implemented in the UK by FCA rules and the MiFID Org Regulation.

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