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OMB APPROVAL
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OMB Number 3235-0287
Expires: April 30, 1997
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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
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
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)
[ X ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Chairman and Chief Executive Officer
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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 4,654 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 2/15/00 J 11,475 D D restricted
stock(3)(3A)
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Common Stock $0.01 par value/share 2/15/00 D 27,308 D 15.00 341,056 D restricted
stock(3)(3B)
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Common Stock $0.01 par value/share 79,035 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 1/04/00 A V 190 A 19.5 I (5)
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Common Stock $0.01 par value/share 1/20/00 A V 92 A 20.9375 I (5)
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Common Stock $0.01 par value/share 2/03/00 A V 102 A 18.8125 I (5)
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Common Stock $0.01 par value/share 2/22/00 A V 127 A 15.1221 I (5)
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Common Stock $0.01 par value/share 2/22/00 A V 24,673 A 14.9412 139,695 I (5)
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Common Stock $0.01 par value/share 3,243 I (6)
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Common Stock $0.01 par value/share 200 I (7)
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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>
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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 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.
1A.This filing corrects the original form 4, 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, (ii) 42,352 shares which will vest in equal installments on
December 31, 2000, 2001, 2002, 2003 and 2004, and (iii) 224,027 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 invest-
ment 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.
3A.On February 15, 2000, 42,352 shares of restricted stock vested under the
Issuer's Long Term Stock Incentive Plan, of which 11,475 shares were
transferred to the Reporting Person's former spouse pursuant to the divorce
settlement.
3B.On February 15, 2000, 27,308 shares of restricted stock were forfeited to
the Company based on performance against goals for the period ended
December 31, 1999.
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. 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.
7. Represents shares owned by the Reporting Person's spouse. These shares were
owned by such spouse prior to their marriage in January 2000.
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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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