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<TITLE>FORM S-8</TITLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
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<P align="center" style="font-size: 10pt">As filed with the Securities and Exchange Commission on May&nbsp;5, 2005



<div align="right" style="font-size: 10pt">Registration
No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</div>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<P align="center" style="font-size: 14pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM S-8</B>


<P align="center" style="font-size: 12pt"><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933</B>


<P align="center" style="font-size: 24pt"><B>UST Inc.</B>


<DIV align="center" style="font-size: 10pt"><HR size="1" noshade width="60%" align="center" color="#000000"></DIV>


<DIV align="center" style="font-size: 10pt">(Exact Name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
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<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="border-bottom: 1px solid black"><B>Delaware</B></DIV>
(State of incorporation)
</TD>
    <TD>&nbsp;</TD>

<TD align="center" valign="top"><DIV style="border-bottom: 1px solid black"><B>06-1193986</B></DIV>
(I.R.S. employer identification no.)</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><BR></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="border-bottom: 1px solid black"><B>100 West Putnam Avenue<BR>
Greenwich, Connecticut</B></DIV>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>

<TD align="center" valign="top"><BR><DIV style="border-bottom: 1px solid black"><B>06830</B></DIV>
(Zip code)</TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 12pt"><U><B>2005 Long-Term Incentive
Plan</B></U><BR>
<DIV align="center" style="font-size: 10pt">(Full title of the
plan)</DIV>



<P align="center" style="font-size: 10pt">RICHARD A. KOHLBERGER, ESQ.<BR>
Senior Vice President, General Counsel and Secretary<BR>
100 West Putnam Avenue, Greenwich, Connecticut 06830
<BR>




(203)&nbsp;661-1100<BR>
<HR noshade width="55%" align="center" size="1" color="#000000">

<DIV align="center" style="font-size: 10pt">(Name, address and
telephone number, including area code, of agent for service)<BR></DIV>


<P align="center" style="font-size: 10pt">Copy to:



<P align="center" style="font-size: 10pt">DAVID J. FRIEDMAN, ESQ.<BR>
Skadden, Arps, Slate, Meagher &#038; Flom LLP<BR>
Four Times Square, New York, New York 10036



<P align="center" style="font-size: 10pt"><B>CALCULATION OF
REGISTRATION FEE</B>
<DIV align="center" style="font-size: 10pt"><HR size="1" noshade width="100%" align="center" color="#000000"></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="17%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
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    <TD width="3%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
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<TR valign="bottom" style="font-size: 8pt">
    <TD align="center" valign="top"><B>Title of Securities<BR>
to be Registered</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Amount to be<BR>
Registered (1)</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Proposed Maximum<BR>
Offering Price Per<BR>
Share (2)(3)</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Proposed Maximum<BR>
Aggregate Offering<BR>
Price (3)</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Amount of<BR>
Registration<BR>
Fee</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><BR></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">Common Stock, par value $.50 per share
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10,000,000 shares
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$45.49
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$295,572,412.25
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$34,788.88</TD>
</TR>
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</DIV>


<P>
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(1)&nbsp;&nbsp;</TD>
    <TD>There are registered hereby 10,000,000 shares of Common Stock of UST Inc., a Delaware corporation (the
&#147;Registrant&#148;), issuable pursuant to the Registrant&#146;s 2005 Long-Term Incentive Plan (the &#147;Plan&#148;). Pursuant to
Instruction E of Form S-8 and the telephonic interpretation of the Securities and Exchange Commission (the
&#147;SEC&#148;) set forth at pages 123-124 of the Division of Corporation Finance&#146;s Manual of Publicly Available
Telephone Interpretations, dated July&nbsp;1997 (see G. Securities Act Forms, No.&nbsp;89 (&#147;Interpretation 89&#148;)), 5
shares out of the 10,000,000 shares registered hereby are being carried forward from a registration statement
filed on May&nbsp;11, 1995 (File No.&nbsp;033-59229) (the &#147;1995 Form&nbsp;S-8&#148;), in connection with the Non-Employee
Directors&#146; Stock Option Plan and 3,502,470 shares out of the 10,000,000 shares registered hereby are being
carried forward from a registration statement filed on May&nbsp;11, 2001 (File No.&nbsp;333-60698) (the &#147;2001 Form
S-8&#148;), in connection with the Registrant&#146;s 2001 Stock
Option Plan, each a predecessor plan to the Plan
described herein. A total registration fee of $2,017.24 has been paid with respect to the 1995 Form S-8 and a
total registration fee of $44,278.91 has been paid with respect to the 2001 Form S-8. Pursuant to Instruction
E of Form S-8 and Interpretation 89, no additional registration fee is due with respect to the 3,502,475
shares registered hereby that are being carried forward.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;&nbsp;&nbsp;</TD>
    <TD>Pursuant to Rule&nbsp;416 under the Securities Act of 1933, as amended, there are also registered
hereby any shares of Common Stock which become issuable under the Plan by reason of any stock
dividend, stock split, recapitalization, exchange of shares or other similar transaction effected
without receipt of consideration which results in an increase in the number of shares of Common
Stock outstanding.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(2)&nbsp;&nbsp;</TD>
    <TD>Estimated pursuant to paragraphs (c)&nbsp;and (h)&nbsp;of Rule&nbsp;457 under the Securities Act of 1933, as amended
(the &#147;Securities Act&#148;), on the basis of the average of the high and low sale prices for a share of Common
Stock on the New York Stock Exchange on April&nbsp;28, 2005.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(3)&nbsp;&nbsp;</TD>
    <TD>Estimated solely for the purpose of calculating the registration fee.</TD>
</TR>

</TABLE>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>

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<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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<TR><TD colspan="9"><A HREF="#000">PART I<BR> INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;1. Plan Information.*</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;2. Registrant Information and Employee Plan Annual Information.*</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">PART II<BR> INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;3. Incorporation of Certain Documents by Reference</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;4. Description of Securities</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;5. Interests of Named Experts and Counsel</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;6. Indemnification of Directors and Officers</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;7. Exemption from Registration Claimed.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#009">Item&nbsp;8. Exhibits.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#010">Item&nbsp;9. Required Undertakings.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#011">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#012"><U>EXHIBIT INDEX</U></A></TD></TR>
<TR><TD colspan="9"><A HREF="y08687exv5w1.htm">EX-5.1: OPINION OF SKADDEN, ARPS, SLATE, MEAGHER & FLOM REGARDING THE LEGALITY OF THE SECURITIES BEING REGISTERED</A></TD></TR>
<TR><TD colspan="9"><A HREF="y08687exv23w1.htm">EX-23.1: CONSENT OF ERNST & YOUNG LLP</A></TD></TR>
</TABLE>
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<!-- link1 "PART I<BR> INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS" -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="center" style="font-size: 10pt">PART I<BR>
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS


<!-- link2 "Item&nbsp;1. Plan Information.*" -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="left" style="font-size: 10pt">Item&nbsp;1. Plan Information.*


<!-- link2 "Item&nbsp;2. Registrant Information and Employee Plan Annual Information.*" -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="left" style="font-size: 10pt">Item&nbsp;2. Registrant Information and Employee Plan Annual Information.*



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">*&nbsp;&nbsp;</TD>
    <TD>The information called for in Part&nbsp;I of Form S-8 is omitted from this registration statement
and will be included in a prospectus to be distributed to
participants in Registrant&#146;s 2005
Long-Term Incentive Plan in accordance with Rule&nbsp;428 under the Securities Act and the
Note to Part&nbsp;I of Form S-8.</TD>
</TR>

</TABLE>

<!-- link1 "PART II<BR> INFORMATION REQUIRED IN THE REGISTRATION STATEMENT" -->
<DIV align="left"><A NAME="003"></A></DIV>

<P align="center" style="font-size: 10pt">PART II<BR>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT


<!-- link2 "Item&nbsp;3. Incorporation of Certain Documents by Reference" -->
<DIV align="left"><A NAME="004"></A></DIV>

<P align="left" style="font-size: 10pt">Item&nbsp;3. Incorporation of
Certain Documents by Reference.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed with the Securities and Exchange Commission (the &#147;Commission&#148;)
by UST Inc., a Delaware corporation (the &#147;Registrant&#148;), pursuant to the Securities Exchange Act of
1934, as amended (the &#147;Exchange Act&#148;), are incorporated by reference in this registration
statement.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(1)&nbsp;&nbsp;</TD>
    <TD>Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2004;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(2)&nbsp;&nbsp;</TD>
    <TD>Current Reports on Form 8-K dated January&nbsp;7, 2005;
February&nbsp;9, 2005; February&nbsp;22, 2005; April&nbsp;13, 2005
and May&nbsp;4, 2005; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(3)&nbsp;&nbsp;</TD>
    <TD>The description of the common stock, par value $.50 per share, of Registrant
(the &#147;Common Stock&#148;) contained in Registrant&#146;s Registration Statement on Form S-4 dated
March&nbsp;20, 1987, filed pursuant to Section 12(b) of the Exchange Act (File No.
33-12765), including any amendment or report filed for the purpose of updating such
information.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">All documents subsequently filed by Registrant pursuant to Sections&nbsp;13(a), 13(c), 14
and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates
that all securities offered have been sold or which deregisters all securities then remaining
unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the
date of filing of such documents. Any statement contained in a document incorporated or deemed to
be incorporated by reference herein shall be deemed to be modified or superseded for purposes of
this registration statement to the extent that a statement contained herein or in any other
subsequently filed document which also is incorporated or deemed to be incorporated by reference
herein modifies or supersedes such statement. Any such statement so modified or superseded shall
not be deemed, except as so modified or superseded, to constitute a part of this registration
statement.


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<DIV align="left"><A NAME="005"></A></DIV>

<P align="left" style="font-size: 10pt">Item&nbsp;4. Description of
Securities.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.


<P align="center" style="font-size: 10pt">2
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel" -->
<DIV align="left"><A NAME="006"></A></DIV>

<P align="left" style="font-size: 10pt">Item&nbsp;5. Interests of
Named Experts and Counsel.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

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<DIV align="left"><A NAME="007"></A></DIV>

<P align="left" style="font-size: 10pt">Item&nbsp;6. Indemnification
of Directors and Officers.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145 of the Delaware General Corporation Law (the &#147;DGCL&#148;) allows the indemnification of
directors, officers, employees or agents of a corporation against liabilities and expenses arising
out of actions brought by a third party, provided that the board of directors determines that such
person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to
the best interests of the corporation, and, with respect to a criminal matter, had no reasonable
cause to believe his or her conduct was unlawful. Such law also permits indemnification against
expenses in actions brought by or in the right of a corporation if the standards of conduct
required for third party actions are met, and either (1)&nbsp;such person was not adjudged liable to the
corporation, or (2)&nbsp;the Delaware Chancery Court or other court in which the action was brought
determines that such person is fairly and reasonably entitled to be indemnified. Indemnification
provided pursuant to Section&nbsp;145 is not exclusive, and a corporation is empowered to purchase and
maintain insurance on behalf of any person who is a director, officer, employee or agent of the
corporation, another corporation or other enterprise against any liability asserted against such
person and incurred by him or her in any such capacity, or arising out of his or her status as
such, whether or not the corporation would have the power to indemnify such person against such
liability under Section&nbsp;145. The Registrant&#146;s Amended and Restated By-Laws (the &#147;By-Laws&#148;) provide
that the Registrant shall indemnify its directors, officers, employees and agents to the fullest
extent permitted by law.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The DGCL permits a Delaware corporation to include a provision in its certificate of
incorporation eliminating or limiting the personal liability of any director to the corporation or
its stockholders for monetary damages for a breach of the director&#146;s fiduciary duty as a director
except for liability (i)&nbsp;for any breach of the director&#146;s duty of loyalty to the corporation or its
stockholders, (ii)&nbsp;for acts or omissions not in good faith or which involve intentional misconduct
or a knowing violation of law, (iii)&nbsp;under Section&nbsp;174 of the DGCL, which concerns unlawful
payments of dividends, stock purchases or redemptions or (iv)&nbsp;for any transaction from which the
director derived an improper personal benefit. The Registrant&#146;s Restated Certificate of
Incorporation provides that no director of the Registrant shall be personally liable to the
Registrant or its stockholders for monetary damages for any breach of fiduciary duty by such
director as a director to the full extent permitted by the DGCL.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The indemnification provisions contained in the Registrant&#146;s By-Laws are not exclusive of any
other rights to which a person may be entitled under any By-Law, agreement, contract, vote of
stockholders or disinterested directors or pursuant to the direction of any court of competent
jurisdiction or otherwise. In addition, the Registrant maintains, at its expense, a policy of
insurance which insures its directors and officers, subject to certain exclusions or deductions as
are usual in such insurance policies, against certain liabilities which may be incurred in those
capacities, including liabilities arising under the Securities Act. The Registrant has also entered
into agreements with certain of its directors and officers which provide them with indemnification
against such liabilities to the fullest extent permitted by law.

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<DIV align="left"><A NAME="008"></A></DIV>

<P align="left" style="font-size: 10pt">Item&nbsp;7. Exemption from Registration Claimed.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

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<P align="left" style="font-size: 10pt">Item&nbsp;8. Exhibits.



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">4.1&nbsp;&nbsp;</TD>
    <TD>Restated Certificate of Incorporation of Registrant dated May&nbsp;5, 1992,
incorporated herein by reference to Exhibit&nbsp;3.1 to Registrant&#146;s Quarterly Report on
Form 10-Q for the quarter ended March&nbsp;31, 1992.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">3
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">4.2&nbsp;&nbsp;</TD>
    <TD>By-Laws of Registrant adopted on December&nbsp;23, 1986, and amended and restated
effective October&nbsp;22, 1998, incorporated herein by reference to Exhibit&nbsp;3.2 to
Registrant&#146;s Quarterly Report on Form 10-Q for the quarter ended September&nbsp;30, 1998.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">4.3&nbsp;&nbsp;</TD>
    <TD>UST Inc. 2005 Long-Term Incentive Plan, incorporated by reference to Appendix&nbsp;A to the
UST Inc. Notice of 2005 Annual Meeting of Stockholders and Proxy Statement, dated March&nbsp;24, 2005.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">5.1&nbsp;&nbsp;</TD>
    <TD>Opinion of Skadden, Arps, Slate, Meagher &#038; Flom LLP regarding the legality of
the securities being registered.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">23.1&nbsp;&nbsp;</TD>
    <TD>Consent of Ernst &#038; Young LLP, Independent Registered
Public Accounting Firm.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">23.2&nbsp;&nbsp;</TD>
    <TD>Consent of Skadden, Arps, Slate, Meagher &#038; Flom LLP (included in its opinion
filed as Exhibit&nbsp;5.1 hereto).</TD>
</TR>

</TABLE>

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<P align="left" style="font-size: 10pt">Item&nbsp;9. Required Undertakings.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registrant hereby undertakes:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(l) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;To reflect in the prospectus any facts or events arising after the effective date of this
registration statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represents a fundamental change in the information set forth in this registration
statement; and


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;To include any material information with respect to the plan of distribution not
previously disclosed in this registration statement or any material change to such information in
this registration statement;

<P align="left" style="font-size: 10pt"><U>provided</U>, <U>however</U>, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if this
registration statement is on Form S-3, Form S-8 or Form F-3, and the information required to be
included in a post-effective amendment by those paragraphs is contained in periodic reports filed
by Registrant pursuant to Section&nbsp;13 or Section 15(d) of the Exchange Act that are incorporated by
reference in this registration statement.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial <U>bona</U> <U>fide</U> offering thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Registrant hereby undertakes that, for purposes of determining any liability under
the Securities Act, each filing of Registrant&#146;s annual report pursuant to Section 13(a) or Section
15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&#146;s annual
report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this
registration statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial <U>bona</U> <U>fide</U> offering thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of Registrant pursuant to the foregoing
provisions, or otherwise, Registrant has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by Registrant of expenses incurred or paid by a director, officer or controlling


<P align="center" style="font-size: 10pt">4
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">person of Registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered,
Registrant will, unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
by it is against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.


<P align="center" style="font-size: 10pt">5
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="011"></A></DIV>

<P align="center" style="font-size: 10pt">SIGNATURES



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the Town of Greenwich, State of Connecticut, on this 5th day of May,
2005.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">UST INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ VINCENT A. GIERER, JR.
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Vincent A. Gierer, Jr.&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chairman of the Board<br>
Chief Executive Officer<br>
and President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act if 1933, this registration statement has
been signed by the following persons and in the capacities indicated on May&nbsp;5, 2005.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Signature</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Title</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" nowrap valign="top"><BR></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ VINCENT A. GIERER, JR.
<HR size="1" noshade color="#000000">
Vincent A. Gierer, Jr.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director, Chairman of the Board, Chief Executive
Officer and President (Principal Executive Officer)</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ ROBERT T. D&#146;ALESSANDRO
<HR size="1" noshade color="#000000">
Robert T. D&#146;Alessandro</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Senior Vice President and Chief Financial Officer<br>
(Principal Financial Officer)</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ JAMES D. PATRACUOLLA
<HR size="1" noshade color="#000000">
James D. Patracuolla</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Vice President and Controller<br>
(Principal Accounting Officer)</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/  JOHN D. BARR
<HR size="1" noshade color="#000000">
John D. Barr</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/  JOHN P. CLANCEY
<HR size="1" noshade color="#000000">
John P. Clancey</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ EDWARD H. DEHORITY, JR.
<HR size="1" noshade color="#000000">
Edward H. DeHority, Jr.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ PATRICIA DIAZ DENNIS
<HR size="1" noshade color="#000000">
Patricia Diaz Dennis</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/  JOSPEH E. HEID
<HR size="1" noshade color="#000000">
Joseph E. Heid</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ PETER J. NEFF
<HR size="1" noshade color="#000000">
Peter J. Neff</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ RONALD J. ROSSI
<HR size="1" noshade color="#000000">
Ronald J. Rossi</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">6
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "<U>EXHIBIT INDEX</U>" -->
<DIV align="left"><A NAME="012"></A></DIV>

<P align="center" style="font-size: 10pt"><U>EXHIBIT INDEX</U>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description of Exhibit</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top"><BR>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">4.1
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Restated Certificate of Incorporation of Registrant dated May&nbsp;5, 1992, incorporated herein by
reference to Exhibit&nbsp;3.1 to Registrant&#146;s Quarterly Report on Form&nbsp;10-Q for the quarter ended
March&nbsp;31, 1992.</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><BR>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">4.2
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By-Laws of Registrant adopted on December&nbsp;23, 1986, and amended and restated effective
October&nbsp;22, 1998, incorporated herein by reference to Exhibit&nbsp;3.2 to Registrant&#146;s Quarterly
Report on Form&nbsp;10-Q for the quarter ended September&nbsp;30, 1998.</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><BR>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">4.3
</TD>
    <TD>&nbsp;</TD>

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">UST
Inc. 2005 Long-Term Incentive Plan, incorporated by reference to
Appendix&nbsp;A to the UST Inc.
Notice of 2005 Annual Meeting of Stockholders and Proxy Statement, dated March&nbsp;24, 2005.</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><BR>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">5.1
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Opinion of Skadden, Arps, Slate, Meagher &#038; Flom LLP regarding the legality of the securities
being registered.</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><BR>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">23.1
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Ernst &#038; Young LLP, Independent Registered Public Accounting Firm.</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><BR>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">23.2
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Skadden, Arps, Slate, Meagher &#038; Flom LLP (included in its opinion filed as Exhibit
5.1 hereto).</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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FORM S-8
Table of Contents
As filed with the Securities and Exchange Commission on May 5, 2005
Registration
No. 333-
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
UST Inc.
(Exact Name of registrant as specified in its charter)
Delaware
(State of incorporation)
06-1193986
(I.R.S. employer identification no.)
100 West Putnam Avenue
Greenwich, Connecticut
(Address of principal executive offices)
06830
(Zip code)
2005 Long-Term Incentive
Plan
(Full title of the
plan)
RICHARD A. KOHLBERGER, ESQ.
Senior Vice President, General Counsel and Secretary
100 West Putnam Avenue, Greenwich, Connecticut 06830
(203) 661-1100
(Name, address and
telephone number, including area code, of agent for service)
Copy to:
DAVID J. FRIEDMAN, ESQ.
Skadden, Arps, Slate, Meagher & Flom LLP
Four Times Square, New York, New York 10036
CALCULATION OF
REGISTRATION FEE
Title of Securities
to be Registered
Amount to be
Registered (1)
Proposed Maximum
Offering Price Per
Share (2)(3)
Proposed Maximum
Aggregate Offering
Price (3)
Amount of
Registration
Fee
Common Stock, par value $.50 per share
10,000,000 shares
$45.49
$295,572,412.25
$34,788.88
(1)
There are registered hereby 10,000,000 shares of Common Stock of UST Inc., a Delaware corporation (the
"Registrant"), issuable pursuant to the Registrant's 2005 Long-Term Incentive Plan (the "Plan"). Pursuant to
Instruction E of Form S-8 and the telephonic interpretation of the Securities and Exchange Commission (the
"SEC") set forth at pages 123-124 of the Division of Corporation Finance's Manual of Publicly Available
Telephone Interpretations, dated July 1997 (see G. Securities Act Forms, No. 89 ("Interpretation 89")), 5
shares out of the 10,000,000 shares registered hereby are being carried forward from a registration statement
filed on May 11, 1995 (File No. 033-59229) (the "1995 Form S-8"), in connection with the Non-Employee
Directors' Stock Option Plan and 3,502,470 shares out of the 10,000,000 shares registered hereby are being
carried forward from a registration statement filed on May 11, 2001 (File No. 333-60698) (the "2001 Form
S-8"), in connection with the Registrant's 2001 Stock
Option Plan, each a predecessor plan to the Plan
described herein. A total registration fee of $2,017.24 has been paid with respect to the 1995 Form S-8 and a
total registration fee of $44,278.91 has been paid with respect to the 2001 Form S-8. Pursuant to Instruction
E of Form S-8 and Interpretation 89, no additional registration fee is due with respect to the 3,502,475
shares registered hereby that are being carried forward.
Pursuant to Rule 416 under the Securities Act of 1933, as amended, there are also registered
hereby any shares of Common Stock which become issuable under the Plan by reason of any stock
dividend, stock split, recapitalization, exchange of shares or other similar transaction effected
without receipt of consideration which results in an increase in the number of shares of Common
Stock outstanding.
(2)
Estimated pursuant to paragraphs (c) and (h) of Rule 457 under the Securities Act of 1933, as amended
(the "Securities Act"), on the basis of the average of the high and low sale prices for a share of Common
Stock on the New York Stock Exchange on April 28, 2005.
(3)
Estimated solely for the purpose of calculating the registration fee.
TABLE OF CONTENTS
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1. Plan Information.*
Item 2. Registrant Information and Employee Plan Annual Information.*
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Certain Documents by Reference
Item 4. Description of Securities
Item 5. Interests of Named Experts and Counsel
Item 6. Indemnification of Directors and Officers
Item 7. Exemption from Registration Claimed.
Item 8. Exhibits.
Item 9. Required Undertakings.
SIGNATURES
EXHIBIT INDEX
EX-5.1: OPINION OF SKADDEN, ARPS, SLATE, MEAGHER & FLOM REGARDING THE LEGALITY OF THE SECURITIES BEING REGISTERED
EX-23.1: CONSENT OF ERNST & YOUNG LLP
Table of Contents
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1. Plan Information.*
Item 2. Registrant Information and Employee Plan Annual Information.*
*
The information called for in Part I of Form S-8 is omitted from this registration statement
and will be included in a prospectus to be distributed to
participants in Registrant's 2005
Long-Term Incentive Plan in accordance with Rule 428 under the Securities Act and the
Note to Part I of Form S-8.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of
Certain Documents by Reference.
The following documents filed with the Securities and Exchange Commission (the "Commission")
by UST Inc., a Delaware corporation (the "Registrant"), pursuant to the Securities Exchange Act of
1934, as amended (the "Exchange Act"), are incorporated by reference in this registration
statement.
(1)
Annual Report on Form 10-K for the fiscal year ended December 31, 2004;
(2)
Current Reports on Form 8-K dated January 7, 2005;
February 9, 2005; February 22, 2005; April 13, 2005
and May 4, 2005; and
(3)
The description of the common stock, par value $.50 per share, of Registrant
(the "Common Stock") contained in Registrant's Registration Statement on Form S-4 dated
March 20, 1987, filed pursuant to Section 12(b) of the Exchange Act (File No.
33-12765), including any amendment or report filed for the purpose of updating such
information.
All documents subsequently filed by Registrant pursuant to Sections 13(a), 13(c), 14
and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates
that all securities offered have been sold or which deregisters all securities then remaining
unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the
date of filing of such documents. Any statement contained in a document incorporated or deemed to
be incorporated by reference herein shall be deemed to be modified or superseded for purposes of
this registration statement to the extent that a statement contained herein or in any other
subsequently filed document which also is incorporated or deemed to be incorporated by reference
herein modifies or supersedes such statement. Any such statement so modified or superseded shall
not be deemed, except as so modified or superseded, to constitute a part of this registration
statement.
Item 4. Description of
Securities.
Not applicable.
2
Table of Contents
Item 5. Interests of
Named Experts and Counsel.
Not applicable.
Item 6. Indemnification
of Directors and Officers.
Section 145 of the Delaware General Corporation Law (the "DGCL") allows the indemnification of
directors, officers, employees or agents of a corporation against liabilities and expenses arising
out of actions brought by a third party, provided that the board of directors determines that such
person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to
the best interests of the corporation, and, with respect to a criminal matter, had no reasonable
cause to believe his or her conduct was unlawful. Such law also permits indemnification against
expenses in actions brought by or in the right of a corporation if the standards of conduct
required for third party actions are met, and either (1) such person was not adjudged liable to the
corporation, or (2) the Delaware Chancery Court or other court in which the action was brought
determines that such person is fairly and reasonably entitled to be indemnified. Indemnification
provided pursuant to Section 145 is not exclusive, and a corporation is empowered to purchase and
maintain insurance on behalf of any person who is a director, officer, employee or agent of the
corporation, another corporation or other enterprise against any liability asserted against such
person and incurred by him or her in any such capacity, or arising out of his or her status as
such, whether or not the corporation would have the power to indemnify such person against such
liability under Section 145. The Registrant's Amended and Restated By-Laws (the "By-Laws") provide
that the Registrant shall indemnify its directors, officers, employees and agents to the fullest
extent permitted by law.
The DGCL permits a Delaware corporation to include a provision in its certificate of
incorporation eliminating or limiting the personal liability of any director to the corporation or
its stockholders for monetary damages for a breach of the director's fiduciary duty as a director
except for liability (i) for any breach of the director's duty of loyalty to the corporation or its
stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct
or a knowing violation of law, (iii) under Section 174 of the DGCL, which concerns unlawful
payments of dividends, stock purchases or redemptions or (iv) for any transaction from which the
director derived an improper personal benefit. The Registrant's Restated Certificate of
Incorporation provides that no director of the Registrant shall be personally liable to the
Registrant or its stockholders for monetary damages for any breach of fiduciary duty by such
director as a director to the full extent permitted by the DGCL.
The indemnification provisions contained in the Registrant's By-Laws are not exclusive of any
other rights to which a person may be entitled under any By-Law, agreement, contract, vote of
stockholders or disinterested directors or pursuant to the direction of any court of competent
jurisdiction or otherwise. In addition, the Registrant maintains, at its expense, a policy of
insurance which insures its directors and officers, subject to certain exclusions or deductions as
are usual in such insurance policies, against certain liabilities which may be incurred in those
capacities, including liabilities arising under the Securities Act. The Registrant has also entered
into agreements with certain of its directors and officers which provide them with indemnification
against such liabilities to the fullest extent permitted by law.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
4.1
Restated Certificate of Incorporation of Registrant dated May 5, 1992,
incorporated herein by reference to Exhibit 3.1 to Registrant's Quarterly Report on
Form 10-Q for the quarter ended March 31, 1992.
3
Table of Contents
4.2
By-Laws of Registrant adopted on December 23, 1986, and amended and restated
effective October 22, 1998, incorporated herein by reference to Exhibit 3.2 to
Registrant's Quarterly Report on Form 10-Q for the quarter ended September 30, 1998.
4.3
UST Inc. 2005 Long-Term Incentive Plan, incorporated by reference to Appendix A to the
UST Inc. Notice of 2005 Annual Meeting of Stockholders and Proxy Statement, dated March 24, 2005.
5.1
Opinion of Skadden, Arps, Slate, Meagher & Flom LLP regarding the legality of
the securities being registered.
23.1
Consent of Ernst & Young LLP, Independent Registered
Public Accounting Firm.
23.2
Consent of Skadden, Arps, Slate, Meagher & Flom LLP (included in its opinion
filed as Exhibit 5.1 hereto).
Item 9. Required Undertakings.
Registrant hereby undertakes:
(a)(l) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement;
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) To reflect in the prospectus any facts or events arising after the effective date of this
registration statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represents a fundamental change in the information set forth in this registration
statement; and
(iii) To include any material information with respect to the plan of distribution not
previously disclosed in this registration statement or any material change to such information in
this registration statement;
provided
,
however
, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if this
registration statement is on Form S-3, Form S-8 or Form F-3, and the information required to be
included in a post-effective amendment by those paragraphs is contained in periodic reports filed
by Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by
reference in this registration statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial
bona
fide
offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(b) Registrant hereby undertakes that, for purposes of determining any liability under
the Securities Act, each filing of Registrant's annual report pursuant to Section 13(a) or Section
15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual
report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this
registration statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial
bona
fide
offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of Registrant pursuant to the foregoing
provisions, or otherwise, Registrant has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by Registrant of expenses incurred or paid by a director, officer or controlling
4
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person of Registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered,
Registrant will, unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
by it is against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the Town of Greenwich, State of Connecticut, on this 5th day of May,
2005.
UST INC.
By:
/s/ VINCENT A. GIERER, JR.
Name:
Vincent A. Gierer, Jr.
Title:
Chairman of the Board
Chief Executive Officer
and President
Pursuant to the requirements of the Securities Act if 1933, this registration statement has
been signed by the following persons and in the capacities indicated on May 5, 2005.
Signature
Title
/s/ VINCENT A. GIERER, JR.
Vincent A. Gierer, Jr.
Director, Chairman of the Board, Chief Executive
Officer and President (Principal Executive Officer)
/s/ ROBERT T. D'ALESSANDRO
Robert T. D'Alessandro
Senior Vice President and Chief Financial Officer
(Principal Financial Officer)
/s/ JAMES D. PATRACUOLLA
James D. Patracuolla
Vice President and Controller
(Principal Accounting Officer)
/s/  JOHN D. BARR
John D. Barr
Director
/s/  JOHN P. CLANCEY
John P. Clancey
Director
/s/ EDWARD H. DEHORITY, JR.
Edward H. DeHority, Jr.
Director
/s/ PATRICIA DIAZ DENNIS
Patricia Diaz Dennis
Director
/s/  JOSPEH E. HEID
Joseph E. Heid
Director
/s/ PETER J. NEFF
Peter J. Neff
Director
/s/ RONALD J. ROSSI
Ronald J. Rossi
Director
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EXHIBIT INDEX
Exhibit No.
Description of Exhibit
4.1
Restated Certificate of Incorporation of Registrant dated May 5, 1992, incorporated herein by
reference to Exhibit 3.1 to Registrant's Quarterly Report on Form 10-Q for the quarter ended
March 31, 1992.
4.2
By-Laws of Registrant adopted on December 23, 1986, and amended and restated effective
October 22, 1998, incorporated herein by reference to Exhibit 3.2 to Registrant's Quarterly
Report on Form 10-Q for the quarter ended September 30, 1998.
4.3
UST
Inc. 2005 Long-Term Incentive Plan, incorporated by reference to
Appendix A to the UST Inc.
Notice of 2005 Annual Meeting of Stockholders and Proxy Statement, dated March 24, 2005.
5.1
Opinion of Skadden, Arps, Slate, Meagher & Flom LLP regarding the legality of the securities
being registered.
23.1
Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm.
23.2
Consent of Skadden, Arps, Slate, Meagher & Flom LLP (included in its opinion filed as Exhibit
5.1 hereto).