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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
December 2000
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5. If Amendment, Date of Original (Month/Year)
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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 V 5,869 I 401(k)(1)
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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 12/31/00 J 2,298 D 295,248 D restricted
stock(3)(3A)
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Common Stock $0.01 par value/share 12/04/00 P 100 A 112,517 D (3A)(3B)
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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 11/03/00 A V 119 A 16.125 I (5)
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Common Stock $0.01 par value/share 11/20/00 A V 114 A 16.875 I (5)
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Common Stock $0.01 par value/share 12/05/00 A V 124 A 15.5625 I (5)
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Common Stock $0.01 par value/share 12/18/00 A V 1,305 A 15.0 I (5)(5A)
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Common Stock $0.01 par value/share 12/19/00 A V 123 A 15.6875 146,523 I (5)
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Common Stock $0.01 par value/share V 8,341 I (6)
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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 December 31, 2000, expressed as share
equivalents. As of such date, approximately 98.1% of the Company Stock Fund
was invested in Company Common Stock, and the remainder was invested in cash.
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, 2000.
3. Represents shares of unvested restricted stock granted to the Reporting
Person on October 8, 1996 under the Issuer's Long Term Stock Incentive Plan
as follows: (i) 37,338 shares which will vest on October 8, 2001, (ii)
33,882 shares which will vest in equal installments on December 31, 2001,
2002, 2003 and 2004, and (iii) 224,027 shares which may be earned in equal
installments for the four- and five-year performance periods ending December
31, 2000 and 2001, respectively, subject to the achievement of performance
goals based on a cash flow return on investment formula, 50% of which may be
distributed after the Company' Board certifies performance and 50% of which
may be distributed over a five-year period commencing on the date earned.
3A.On December 31, 2000, 8,470 shares of restricted stock vested under the
Issuer's Long Term Stock Incentive Plan, of which 2,298 shares were
transferred to the Reporting Person's former spouse pursuant to the divorce
settlement.
3B.On December 4, 2000, the Reporting Person's spouse purchased 100 shares, as
to which the Reporting Person disclaims beneficial ownership.
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.
5A.Reflects shares allocated to the Reporting Person's account under the
Company's Salary and Bonus Deferral Plan as a result of dividends paid on
shares held in such Plan.
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.
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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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