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OMB APPROVAL
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OMB Number 3235-0287
Expires: April 30, 1997
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person
Lamond Richard A.
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(Last) (First) (Middle)
Millennium Inorganic Chemicals Inc.
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(Street)
200 International Circle, Suite 5000
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(City) (State) (Zip)
Hunt Valley MD 21030
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2. Issuer Name and Ticker or Trading Symbol
Millennium Chemicals Inc. (MCH)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
February 2000
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5. If Amendment, Date of Original (Month/Year)
March 2000
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Vice President - Human Resources
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock $0.01 par value/share V 6,629 I 401(k)(1)
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Common Stock $0.01 par value/share 02/15/00 D 6,000 D 15.00 D restricted
stock(2)(2A)
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Common Stock $0.01 par value/share 02/15/00 D 8,737 D 88,989 D restricted
stock(2)(2B)
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Common Stock $0.01 par value/share 8,488 D (2A)
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Common Stock $0.01 par value/share 14 D (3)
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Common Stock $0.01 par value/share 01/04/00 P 5 A 19.062 203 D (4)
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Common Stock $0.01 par value/share 689 I (5)
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common
Option $18.00 4/22/97 A 5,000 A 4/22/00 4/22/07 Stock 5,000 - 5,000 D (6)
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</TABLE>
Explanation of Responses:
1. Represents the value of the Reporting Person's Company Stock Fund Account
in the Company's 401(k) plan as of January 31, 2000, expressed as share
equivalents. As of such date, approximately 97.98% of the Company Stock
Fund was invested in Company Common Stock, and the remainder was invested
in cash.
2. Represents shares of restricted stock granted to the Reporting Person
on October 23, 1997 and April 22, 1998 under the Issuer's Long-Term Stock
Incentive Plan as follows: (i) 19,654 shares which will vest in equal
installments on October 8, 2000 and 2001, (ii) 10,372 which will vest in
equal installments on December 31, 2000, 2001, 2002, 2003 and 2004, and
(iii) 58,962 shares which may be earned in equal installments on December 31,
2000 and 2001 subject to the achievement of performance goals based on a
cash flow return on investment formula, 50% of which may be distributed when
earned and 50% of which may be distributed over a five-year period
commencing on the date earned.
2A.On February 15, 2000, 10,370 shares of restricted stock vested under the
Issuer's Long Term Stock Incentive Plan. On that date, the Company
purchased 6,000 of these vested shares pursuant to Rule 16b-3(e) and the
remaining 4,370 shares were distributed to the Reporting Person.
2B.On February 15, 2000, 8,737 shares of restricted stock were forfeited to the
Company based on performance against goals for the period ended December 31,
1999.
3. Represents shares directly owned by the Reporting Person's son, which were
previously reported as 12 shares. The Reporting Person disclaims
beneficial ownership.
4. Represents shares purchased by the Reporting Person under the Company's
Employee Stock Purchase Plan.
5. 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.
6. Represents an option granted to the Reporting Person on April 22, 1997
under the Issuer's Long-Term Stock Incentive Plan to purchase 5,000 shares
of the Issuer's Common Stock at $18.00 per share.
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**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 procedures.
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