UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment)
NAME OF ISSUER APOGEE ENTERPRISES INC
TITLE OF CLASS OF SECURITIES Common
CUSIP NUMBER 037598109
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).
Page 1 of 10 Pages
13G
CUSIP No. 037598109 Page 2 of 10 Pages
- ------------------------------------------------------------------------------
1. Name of reporting person
S.S. or I.R.S. identification no. of above person
Marsh & McLennan Companies, Inc.
36-2668272
- ------------------------------------------------------------------------------
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
NONE
-----------------------------
Number of shares ) 6. Shared Voting Power
Beneficially )
Owned by each ) NONE
Reporting ) -----------------------------
Person with: ) 7. Sole Dispositive Power
NONE
-----------------------------
8. Shared Dispositive Power
NONE
- ------------------------------------------------------------------------------
9. Aggregate amount beneficially owned by each reporting person
NONE
- ------------------------------------------------------------------------------
10. Check box if the aggregate amount in row (9) excludes certain shares*
- ------------------------------------------------------------------------------
11. Percent of class represented by amount in row 9
NONE
- ------------------------------------------------------------------------------
12. Type of Reporting person*
HC
- ------------------------------------------------------------------------------
13G
CUSIP No. 037598109 Page 3 of 10 Pages
- ------------------------------------------------------------------------------
1. Name of reporting person
S.S. or I.R.S. identification no. of above person
Putnam Investments, LLC.
04-2539558
- ------------------------------------------------------------------------------
2. Check the appropriate box if a member of a group*
(a)( ) (b)( )
- ------------------------------------------------------------------------------
3. SEC use only
- ------------------------------------------------------------------------------
4. Citizenship or place of organization
Massachusetts
- ------------------------------------------------------------------------------
5. Sole Voting Power
NONE
Number of shares ) -----------------------------
Beneficially ) 6. Shared Voting Power
owned by each )
821100
Reporting )
Person with: ) -----------------------------
7. Sole Dispositive Power
NONE
-----------------------------
8. Shared Dispositive Power
2487760
- ------------------------------------------------------------------------------
9. Aggregate amount beneficially owned by each reporting person
2487760
- ------------------------------------------------------------------------------
10. Check box if the aggregate amount in row (9) excludes certain shares*
- ------------------------------------------------------------------------------
11. Percent of class represented by amount in row 9
8.8%
- ------------------------------------------------------------------------------
12. Type of Reporting person*
HC
- ------------------------------------------------------------------------------
13G
CUSIP No. 037598109 Page 4 of 10 Pages
- ------------------------------------------------------------------------------
1. Name of reporting person
S.S. or I.R.S. identification no. of above person
Putnam Investment Management, LLC.
04-2471937
- ------------------------------------------------------------------------------
2. Check the appropriate box if a member of a group*
(a)( ) (b)( )
- ------------------------------------------------------------------------------
3. SEC use only
- ------------------------------------------------------------------------------
4. Citizenship or place of organization
Massachusetts
- ------------------------------------------------------------------------------
5. Sole Voting Power
NONE
Number of shares ) -----------------------------
Beneficially ) 6. Shared Voting Power
Owned by each )
Reporting ) NONE
Person with: ) -----------------------------
7. Sole Dispositive Power
NONE
-----------------------------
8. Shared Dispositive Power
897180
- ------------------------------------------------------------------------------
9. Aggregate amount beneficially owned by each reporting person
897180
- ------------------------------------------------------------------------------
10. Check box if the aggregate amount in row (9) excludes certain shares*
- ------------------------------------------------------------------------------
11. Percent of class represented by amount in row 9
3.1%
- ------------------------------------------------------------------------------
12. Type of Reporting person*
IA
- ------------------------------------------------------------------------------
13G
CUSIP No. 037598109 Page 5 of 10 Pages
- ------------------------------------------------------------------------------
1. Name of reporting person
S.S. or I.R.S. identification no. of above person
The Putnam Advisory Company, LLC.
04-6187127
- ------------------------------------------------------------------------------
2. Check the appropriate box if a member of a group*
(a)( ) (b)( )
- ------------------------------------------------------------------------------
3. SEC use only
- ------------------------------------------------------------------------------
4. Citizenship or place of organization
Massachusetts
- ------------------------------------------------------------------------------
5. Sole Voting Power
NONE
Number of shares ) -----------------------------
Beneficially ) 6. Shared Voting Power
Owned by each )
Reporting ) 821100
Person with: ) -----------------------------
7. Sole Dispositive Power
NONE
-----------------------------
8. Shared Dispositive Power
1590580
- ------------------------------------------------------------------------------
9. Aggregate amount beneficially owned by each reporting person
1590580
- ------------------------------------------------------------------------------
10. Check box if the aggregate amount in row (9) excludes certain shares*
- ------------------------------------------------------------------------------
11. Percent of class represented by amount in row 9
5.6%
- ------------------------------------------------------------------------------
12. Type of Reporting person*
IA
- ------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Item 1(a) Name of Issuer: APOGEE ENTERPRISES INC
Item 1(b) Address of Issuer's Principal Executive Offices:
7900 Xerxes Ave S, Suite 1800, Minneapolis, MN 55431
Item 2(a) Item 2(b)
Name of Person Filing: Address or Principal Office or, if
NONE, Residence:
Putnam Investments, LLC. One Post Office Square
("PI") Boston, Massachusetts 02109
on behalf of itself and:
*Marsh & McLennan Companies, Inc. 1166 Avenue of the Americas
("MMC") New York, NY 10036
Putnam Investment Management, LLC. One Post Office Square
("PIM") Boston, Massachusetts 02109
The Putnam Advisory Company, LLC. One Post Office Square
("PAC") Boston, Massachusetts 02109
Item 2(c) Citizenship: PI, PIM and PAC are limited liability companies
organized under Massachusetts law. The citizenship of other
persons identified in Item 2(a) is designated as follows:
* Corporation - Delaware law
** Voluntary association known as Massachusetts business trust -
Massachusetts law
Item 2(d) Title of Class of Securities: Common
Item 2(e) Cusip Number: 037598109
Page 6 of 10 Pages
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a)( ) Broker or Dealer registered under Section 15 of the Act
(b)( ) Bank as defined in Section 3(a)(6) of the Act
(c)( ) Insurance Company as defined in Section 3(a)(19) of the Act
(d)( ) Investment Company registered under Section 8 of the Investment
Company Act
(e)( X ) Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940
(f)( ) Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974 or
Endowment Fund; see (Section 240.13d-1(b)(1)(ii)(F)
(g)( X ) Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G)
(h)( ) Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
Page 7 of 10 Pages
Item 4.
Ownership.
M&MC PIM* PAC PI
----- ----- --- ----
(Parent holding (Investment advisers (Parent company
company to PI) & subsidiaries of PI) to PIM and PAC)
(a) Amount Beneficially
Owned: NONE 897180 + 1590580 = 2487760
(b) Percent of Class: NONE 3.1% + 5.6% = 8.8%
(c) Number of shares as
to which such person has:
(1) sole power to vote
or to direct the vote;
(but see Item 7) NONE NONE NONE NONE
(2) shared power to vote
or to direct the vote;
(but see Item 7) NONE NONE 821100
821100
(3) sole power to dispose
or to direct the
disposition of;
(but see Item 7) NONE NONE NONE NONE
(4) shared power to
dispose or to direct
the disposition of;
(but see Item 7) NONE ALL ALL ALL
Page 8 of 10 Pages
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 thereof 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/Ten Percent on
Behalf of Another Person:
No persons other than the persons filing this Schedule
13G have an economic interest in
the securities reported on which relates to more than
five percent of the class of
securities. Securities reported on this Schedule 13G as
being beneficially owned by
M&MC and PI consist of securities beneficially owned by
subsidiaries of PI which are
registered investment advisers, which in turn include
securities beneficially owned by
clients of such investment advisers, which clients may
include investment companies
registered under the Investment Company Act and/or
employee benefit plans, pension
funds, endowment funds or other institutional clients.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the
Security Being Reported on By the Parent Holding Company.
PI, which is a wholly-owned subsidiary of M&MC, wholly
owns two registered investment
advisers: Putnam Investment Management, LLC., which
is the investment adviser to the
Putnam family of mutual funds and The Putnam Advisory
Company, LLC., which is the
investment adviser to Putnam's institutional clients. Both
subsidiaries have
dispository power over the shares as investment managers,
but each of the mutual fund's
trustees have voting power over the shares held by each fund,
and The Putnam Advisory
Company, LLC. has shared voting power over the shares held
by the institutional
clients. Pursuant to Rule 13d-4, M&MC and PI declare that the
filing of this Schedule
13G shall not be deemed an admission by either or both of them
that they are, for the
purposes of Section 13(d) or 13(g) the beneficial owner of any
securities covered by
this Section 13G, and further state that neither of them have
any power to vote or
dispose of, or direct the voting or disposition of, any of the
securities covered by
this Schedule 13G.
Item 8. Identification and Classification of Members of the Group:
Not applicable.
Item 9. Notice of Dissolution of Group:
Not applicable.
Item 10. Certification.
Page 9 of 10 Pages
By signing below I certify that, to the best of my knowledge
and belief, the securities
referred to above were acquired in the ordinary course
of business, 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 purposes or
effect.
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.
PUTNAM INVESTMENTS, LLC.
/s/Andrew J. Hachey
BY: -------------------------------------------
Signature
Name/Title: Andrew J. Hachey
Vice President and Counsel
Date: February 5, 2002
For this and all future filings, reference is made to Power
of Attorney dated April 29,
1999, with respect to duly authorized signatures on behalf
of Marsh & McLennan
Companies, Inc., Putnam Investments, LLC., Putnam
Investment Management, LLC., The
Putnam Advisory Company, LLC. and any Putnam
Fund wherever applicable.
For this and all future filings, reference is made to an
Agreement dated June 28, 1990,
with respect to one filing of Schedule 13G on behalf
of said entities, pursuant to Rule
13d-1(f)(1).
Page 10 of 10 Pages