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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL 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).
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported
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1. Name and Address of Reporting Person*
Landuyt William M.
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(Last) (First) (Middle)
Millennium Chemicals Inc.
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(Street)
230 Half Mile Road
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(City) (State) (Zip)
Red Bank, NJ 07701
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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
December 1999
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5. If Amendment, Date of Original (Month/Year)
February 2000
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Chairman and Chief Executive Officer
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7. Individual or Joint/Group Filing
(Check applicable line)
[ X ] Form filed by one Reporting Person
[ ] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
5. 6.
4. Amount of Owner-
Securities Acquired (A) or Securities ship
Disposed of (D) Beneficially Form: 7.
(Instr. 3, 4 and 5) Owned at End Direct Nature of
2. 3. ----------------------------- of Issuer's (D) or Indirect
1. Transaction Transaction (A) Fiscal Year Indirect Beneficial
Title of Security Date Code Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) (Instr. 8) (D) & 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock $0.01 par value/share 4,481 I 401(k) (1)
(1A)
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Common Stock $0.01 par value/share 4,223 I 401(k)
window (2)
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Common Stock $0.01 par value/share 410,716 D restricted
stock(3)(3A)
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Common Stock $0.01 par value/share 48,158 D (3A)
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Common Stock $0.01 par value/share 2,890 I (4)
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Common Stock $0.01 par value/share 10/05/99 A 175 A 20.25 I (5)
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Common Stock $0.01 par value/share 10/20/99 A 184 A 20.625 I (5)
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Common Stock $0.01 par value/share 11/04/99 A 201 A 18.4375 I (5)
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Common Stock $0.01 par value/share 11/05/99 A 1,817 A 18.5625 I (5)
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Common Stock $0.01 par value/share 11/18/99 A 196 A 18.875 I (5)
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Common Stock $0.01 par value/share 12/03/99 A 188 A 19.625 I (5)
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Common Stock $0.01 par value/share 12/17/99 A 358 A 19.0375 I (5)(6)
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Common Stock $0.01 par value/share 12/17/99 A 447 A 18.975 I (5)(6)
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Common Stock $0.01 par value/share 12/20/99 A 197 A 18.8125 114,511 I (5)
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Common Stock $0.01 par value/share 3,242 I (7)
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C
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</TABLE>
* If the form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of ___
<PAGE>
FORM 5 (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
or Derivative 6. of Underlying 8. ities Secur- of
Exer- Securities Date Securities Price Bene- ity: In-
cise 3. Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- 4. or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Trans- of (D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date action (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ Code 4 and 5) Date Expira- Number ity Year (I) ship
Security Secur- Day/ (Instr. ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) 8) (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>
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====================================================================================================================================
</TABLE>
Explanation of Responses:
1. Represents the value of the Reporting Persons's Company Stock Fund Account
in the Company's 401(k) plan as of December 31, 1999, expressed as share
equivalents. As of such date, approximately 98.11% of the Company Stock Fund
was invested in Company Common Stock, and the remainder was invested in cash.
1A.This filing corrects the original form 5, which incorrectly reported the
4,223 shares held in the Reporting Person's Individual Brokered Account
within the Company's 401(k) plan twice: once in the 401(k) account and
again in the 401(k) Individual Brokered Account.
2. 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
December 31, 1999.
3. Represents shares of restricted stock granted to the Reporting Person on
October 8, 1996 under the Issuer's Long Term Stock Incentive Plan as follows:
(i) 74,676 shares which will vest in equal installments on October 8, 2000
and 2001, and (ii) 336,040 shares which may vest in equal installments
on December 31, 1999, 2000 and 2001 subject to the achievement of perform-
ance goals based on a cash flow return on investment formula, 50% of which
may be distributed upon vesting and 50% of which may be distributed over a
five-year period commencing on the date of vesting.
3A.On October 8, 1999, 37,337 shares of restricted stock vested under the
Issuer's Long Term Stock Incentive Plan, of which 10,106 shares were
transferred to the Reporting Person's former spouse pursuant to the divorce
settlement.
4. Represents shares held by two trusts created by the Reporting Person for his
two children.
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 on the specified transaction dates were acquired
by the plan trustee at various times and prices, resulting in the average
prices indicated in the "Price" column.
6. Reflects shares allocated to the Reporting Person's account under the
Issuer's Salary and Bonus Deferral Plan as a result of dividends paid on
shares held in such Plan.
7. 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.
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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 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)
