------------------------------
OMB APPROVAL
------------------------------
OMB Number
Expires:
Estimated average burden
hours per response ....... 0.5
------------------------------
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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(f) of the Investment Company Act of 1940
================================================================================
1. Name and Address of Reporting Person*
Siegel Corey A.
--------------------------------------------------------------------------------
(Last) (First) (Middle)
Millennium Chemicals Inc., 230 Half Mile Road
--------------------------------------------------------------------------------
(Street)
Red Bank New Jersey 07701
--------------------------------------------------------------------------------
(City) (State) (Zip)
================================================================================
2. Date of Event Requiring Statement (Month/Day/Year)
April 13, 2000
================================================================================
3. IRS or Social Security Number of Reporting Person (Voluntary)
================================================================================
4. Issuer Name and Ticker or Trading Symbol
Millennium Chemicals Inc. (MCH)
================================================================================
5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Vice President - Tax
--------------------------------------------------------------------
================================================================================
6. If Amendment, Date of Original (Month/Year)
================================================================================
7. Individual or Joint/Group Filing (Check applicable line)
[ X ] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
================================================================================
Table I -- Non-Derivative Securities Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Common Stock $0.01 Par Value Per Share 248 D (1)
------------------------------------------------------------------------------------------------------------------------------------
Common Stock $0.01 Par Value Per Share 1,423 I (2) 401(k)
-----------------------------------------------------------------------------------------------------------------------------------
Common Stock $0.01 Par Value Per Share 57 D (3) 401 (k)(w)
------------------------------------------------------------------------------------------------------------------------------------
Common Stock $0.01 Par Value Per Share 11 I (4)
------------------------------------------------------------------------------------------------------------------------------------
Common Stock $0.01 Par Value Per Share 366 I (5)
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v)
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of ___
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Option 12/6/99 12/6/06 Common Stock 4,000 $19.00 D (6)
------------------------------------------------------------------------------------------------------------------------------------
Option 4/22/01 4/22/08 Common Stock 1,000 $34.875 D (7)
------------------------------------------------------------------------------------------------------------------------------------
Option 12/9/02 12/9/09 Common Stock 1,000 $19.625 D (8)
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Explanation of Responses:
1. Includes 64 shares held jointly with his wife.
2. Represents the value of the Reporting Person's Stock Fund Account in
the Company's 401(k) plan as of April 30, 2000, expressed as share
equivalents. As of such date 100% of such fund was invested in Company
Common Stock.
3. Represents the number of shares of Company Common Stock in the Reporting
Person's Individual Brokered Account within the Company's 401(k) plan as
of April 30, 2000.
4. Represents amounts allocated to, and the total holdings in, the Reporting
Person's Company Stock Fund Account in the Company's Supplemental Savings
and Investment Plan, expressed as share equivalents. Because the trustee
and record keeper for this plan utilize unit accounting for the Company
Stock Fund rather than share accounting, these amounts represent share
equivalents allocated to the Reporting Person's account rather than shares
of Common Stock.
5. Represents shares acquired for the Reporting Person's account under the
Company's Salary and Bonus Deferral Plan. The shares allocated to the
Reporting Person's account were acquired by the plan trustee at various
times and prices.
6. Represents an option granted to the Reporting Person on December 6, 1996
under the Issuer's Long-Term Stock Incentive Plan to purchase 4,000 shares
of the Issuer's Common Stock at $19.00 per share.
7. Represents an option granted to the Reporting Person for the Chairman's
Award to purchase 1,000 shares of the Issuer's Common Stock at $34.875 per
share.
8. Represents an option granted to the Reporting Person to purchase 1,000
shares of the Issuer's Common Stock at $19.625 per share.
--------------------------------------------- -----------------------
**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient. See Instruction 6 for procedure.
Alternatively, this form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.
Page 2 of __
(122795DTI)