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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*
Lamond Richard A.
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(Last) (First) (Middle)
Millennium Inorganic Chemicals Inc.
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(Street)
200 International Circle
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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
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)
[ ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Vice President - Human Resources
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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 6,577 I 401(k) (1)
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Common Stock $0.01 par value/share 108,096 D restricted
stock(2)(2A)
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Common Stock $0.01 par value/share 4,118 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 (4) P (4) A (4) 198 D (4)
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Common Stock $0.01 par value/share 689 I (5)
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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>
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 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.
2. Represents 108,096 shares of restricted stock granted to the Reporting
Person as follows:(i) 19,654 shares which will vest in equal installments on
October 8, 2000 and 2001, and (ii) 88,442 shares which may vest in equal
installments on December 31, 1999, 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 upon vesting and 50% of which may be distributed
over a five-year period commencing on the date of vesting.
2A.On October 8, 1999, 9,826 shares of restricted stock vested under the
Issuer's Long Term Stock Incentive Plan. On that date, the Company
purchased 5,708 of these vested shares pursuant to Rule 16b-3(e) and the
remaining 4,118 shares were distributed to the Reporting Person.
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 at various times and prices 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 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.
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(122795DTI)
