sc13da201874113_12242007.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)

(Amendment No.  2)1

The Brink’s Company
(Name of Issuer)

Common Stock, $1.00 Par Value
(Title of Class of Securities)

109696104
(CUSIP Number)

STEVEN WOLOSKY, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

December 24, 2007
(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties to whom copies are to be sent.


_______________
1              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 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).


CUSIP NO. 109696104
 
1
NAME OF REPORTING PERSON
 
STEEL PARTNERS II, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
3,027,310
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
3,027,310
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,027,310
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
6.2%
14
TYPE OF REPORTING PERSON
 
PN

2

CUSIP NO. 109696104
 
1
NAME OF REPORTING PERSON
 
STEEL PARTNERS, L.L.C.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
3,027,310
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
3,027,310
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,027,310
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
6.2%
14
TYPE OF REPORTING PERSON
 
OO

3

CUSIP NO. 109696104
 
1
NAME OF REPORTING PERSON
 
WARREN G. LICHTENSTEIN
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
3,027,310
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
3,027,310
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,027,310
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
6.2%
14
TYPE OF REPORTING PERSON
 
IN

4

CUSIP NO. 109696104
 
The following constitutes Amendment No. 2 (“Amendment No. 2”) to the Schedule 13D filed by the undersigned.  This Amendment No. 2 amends the Schedule 13D as specifically set forth.

Item 3 is hereby amended and restated to read as follows:

Item 3.                     Source and Amount of Funds or Other Consideration.

The aggregate purchase price of the 3,027,310 Shares owned by Steel Partners II is $108,762,839, including brokerage commissions.  The Shares owned by Steel Partners II were acquired with partnership funds.

Item 5(a) is hereby amended and restated to read as follows:

(a)           The aggregate percentage of Shares reported owned by each person named herein is based upon 48,491,344 Shares outstanding, which is the total number of Shares outstanding as reported in the Issuer’s quarterly report on Form 10-Q for the quarter ended September 30, 2007 filed with the Securities and Exchange Commission on November 2, 2007.

As of the close of business on December 27, 2007, Steel Partners II beneficially owned 3,027,310 Shares, constituting approximately 6.2% of the Shares outstanding.  As the general partner of Steel Partners II, Partners LLC may be deemed to beneficially own the 3,027,310 Shares owned by Steel Partners II, constituting approximately 6.2% of the Shares outstanding. As the sole executive officer and managing member of Partners LLC, which in turn is the general partner of Steel Partners II, Mr. Lichtenstein may be deemed to beneficially own the 3,027,310 Shares owned by Steel Partners II, constituting approximately 6.2% of the Shares outstanding.  Mr. Lichtenstein has sole voting and dispositive power with respect to the 3,027,310 Shares owned by Steel Partners II by virtue of his authority to vote and dispose of such Shares.

Item 5(c) is hereby amended to add the following:

(c)  Schedule A annexed hereto lists all transactions in the securities of the Issuer during the past sixty days by the Reporting Persons. All of such transactions were effected in the open market.
 
5

CUSIP NO. 109696104

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


Dated:  December 28, 2007
STEEL PARTNERS II, L.P.
   
 
Steel Partners, L.L.C.
General Partner
   
 
By:
/s/ Lauren Isenman
   
Lauren Isenman
as Attorney-In-Fact for Warren G. Lichtenstein,
Managing Member
   
   
 
STEEL PARTNERS, L.L.C.
   
 
By:
/s/ Lauren Isenman
   
Lauren Isenman
as Attorney-In-Fact for Warren G. Lichtenstein,
Managing Member
   
 
/s/ Lauren Isenman
 
LAUREN ISENMAN
as Attorney-In-Fact for Warren G. Lichtenstein
 
6

CUSIP NO. 109696104
 
SCHEDULE A

Transactions in the Securities of the Issuer During the Past 60 Days

 
Class of Security
Quantity
Price Per
Unit ($)
Date of
Transaction

STEEL PARTNERS II, L.P.
Common Stock
(Covered Short Position)
 
400
 
59.0000
 
10/29/2007
Common Stock
(Covered Short Position)
 
49,125
 
59.7678
 
10/30/2007
Common Stock
(Covered Short Position)
 
32,600
 
59.7110
 
10/30/2007
Common Stock
(Covered Short Position)
 
23,300
 
60.3737
 
10/31/2007
Common Stock
(Covered Short Position)
 
29,200
 
60.3361
 
10/31/2007
Common Stock
(Covered Short Position)
 
100,000
 
59.9491
 
11/09/2007
Common Stock
(Covered Short Position)
 
100,000
 
59.9497
 
11/09/2007
Common Stock
(Covered Short Position)
 
73,412
 
59.7885
 
11/12/2007
Short Put Option
($60.00 Strike Price)
 
(500)
 
0.9600
 
11/12/2007
Common Stock
(Covered Short Position)
 
450,000
 
59.8833
 
11/12/2007
Short Put Option
($60.00 Strike Price)
 
(352)
 
1.6220
 
11/13/2007
Common Stock
(Covered Short Position)
 
101,000
 
59.8090
 
11/16/2007
Common Stock
(Covered Short Position)
 
4,900
 
59.0900
 
11/16/2007
 
7

CUSIP NO. 109696104
 
Covered Short Put Option
($60.00 Strike Price)
 
49
 
0.9300
 
11/16/2007
Common Stock
(Covered Short Position)
 
62,096
 
58.8199
 
11/19/2007
Common Stock
(Covered Short Position)
 
100,000
 
58.3184
 
11/20/2007
Common Stock
(Covered Short Position)
 
74,200
 
58.6831
 
11/21/2007
Common Stock
(Covered Short Position)
 
25,485
 
58.1483
 
11/21/2007
Common Stock
(Covered Short Position)
 
8,198
 
58.9482
 
11/23/2007
Common Stock
(Covered Short Position)
 
47,796
 
58.9279
 
11/26/2007
Common Stock
(Covered Short Position)
 
37,727
 
59.1168
 
11/27/2007
Common Stock
(Covered Short Position)
 
6,030
 
60.5990
 
11/28/2007
Short Put Option
($60.00 Strike Price)
 
(300)
 
1.1029
 
11/29/2007
Common Stock
(Covered Short Position)
 
1,000
 
59.9970
 
12/14/2007
Common Stock
(Covered Short Position)
 
125,095
 
59.9952
 
12/17/2007
Common Stock
(Covered Short Position)
 
54,758
 
59.9971
 
12/18/2007
Common Stock
(Sold to Cover Short Position)
(474,690)
 
66.4398
 
12/24/2007
 
8

CUSIP NO. 109696104
 
STEEL PARTNERS, L.L.C.
None

WARREN G. LICHTENSTEIN
None
 
 
 
 
 
9