Sec Form 3 Filing - KBC Bank NV @ Mueller Water Products, Inc. - 2008-07-14

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
KBC Bank NV
2. Issuer Name and Ticker or Trading Symbol
Mueller Water Products, Inc. [ MWA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
HAVENLAAN 2
3. Date of Earliest Transaction (MM/DD/YY)
07/14/2008
(Street)
BRUSSELS, C91080
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
No securities are beneficially owned ( 1 ) ( 2 ) 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KBC Bank NV
HAVENLAAN 2
BRUSSELS, C91080
X
Signatures
/s/ Noel O'Halloran As Executive Director and Chief Investment Officer of KBC Asset Management Ltd., and as attorney-in-fact on behalf of KBC Group NV, KBC Bank NV, and KBC Asset Management NV. 04/15/2009
Signature of Reporting Person Date
Explanation of Responses:
( 1 )KBC Asset Management Ltd. is an investment adviser that has investment discretion over accounts that hold shares of the issuer that, in the aggregate, exceed 10 percent of the total shares outstanding of the class, and therefore may be considered a beneficial owner of those shares pursuant to Securities Exchange Act Rules 13d-3 and 16a-1(a)(1). Each of KBC Group NV, KBC Bank NV, and KBC Asset Management NV may be considered control persons of KBC Asset Management Ltd. and therefore also may be considered beneficial owners of the shares over which KBC Asset Management Ltd. has investment discretion shares pursuant to Securities Exchange Act Rules 13d-3 and 16a-1(a)(1). None of the reporting persons is a beneficial owner of any shares of the issuer pursuant to Securities Exchange Act Rule 16a-1(a)(2).
( 2 )Although a Form 3 relating to this holding was filed in a timely manner, as a result of an administrative oversight, such Form 3 was filed only in the name of KBC Asset Management NV. The Reporting Person is filing this Form 3 to correct that administrative oversight. The filing person is no longer a 10% owner.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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