UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)*
GENERAL CIGAR HOLDINGS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Class B Common Stock $0.01 Par Value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
36933P209
---------------------------------------------------------------
(CUSIP Number)
Edgar M. Cullman
387 Park Avenue South
New York, New York 10016 (212) 561-8700
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
August 29, 1997
---------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13D
- --------------------------------- ---------------------------------
CUSIP No. 36933P209 Page 2 of 36 Pages
- --------------------------------- ---------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edgar M. Cullman
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|X|
See Item 6 and Insert 1
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
No funds were used to acquire the shares.
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 494,071
SHARES ------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 3,774,170
REPORTING ------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
494,071
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,774,170
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
494,071
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.46
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 36933P209 Page 3 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Louise B. Cullman
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 459,716
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 3,220,070
Person --------------------------------------------------------
With 9 Sole Dispositive Power
459,716
--------------------------------------------------------
10 Shared Dispositive Power
3,220,070
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
459,716
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
2.29
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 36933P209 Page 4 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Edgar M. Cullman, Jr.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 606,824
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 3,290,100
Person --------------------------------------------------------
With 9 Sole Dispositive Power
606,824
--------------------------------------------------------
10 Shared Dispositive Power
3,290,100
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
539,252
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
2.68
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 36933P209 Page 5 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Elissa F. Cullman
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 75,574
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 245,394
Person --------------------------------------------------------
With 9 Sole Dispositive Power
75,574
--------------------------------------------------------
10 Shared Dispositive Power
245,394
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
75,574
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
.38
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 36933P209 Page 6 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Susan R. Cullman
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 390,165
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 2,994,705
Person --------------------------------------------------------
With 9 Sole Dispositive Power
390,165
--------------------------------------------------------
10 Shared Dispositive Power
2,994,705
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
390,165
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
1.94
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 36933P209 Page 7 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Lucy C. Danziger
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 363,834
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 4,236,708
Person --------------------------------------------------------
With 9 Sole Dispositive Power
363,834
--------------------------------------------------------
10 Shared Dispositive Power
4,236,708
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
363,834
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
1.81
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 36933P209 Page 8 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Frederick M. Danziger
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 73,538
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 656,062
Person --------------------------------------------------------
With 9 Sole Dispositive Power
73,538
--------------------------------------------------------
10 Shared Dispositive Power
656,062
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
73,538
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
.37
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 36933P209 Page 9 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
David M. Danziger
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 184,704
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 Sole Dispositive Power
184,704
--------------------------------------------------------
10 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
184,704
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
.92
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 36933P209 Page 10 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Carolyn S. Fabrici
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 106,062
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 528,803
Person --------------------------------------------------------
With 9 Sole Dispositive Power
106,062
--------------------------------------------------------
10 Shared Dispositive Power
528,803
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
106,063
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
.53
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 36933P209 Page 11 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
John L. Ernst
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 31,929
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 1,828,544
Person --------------------------------------------------------
With 9 Sole Dispositive Power
31,929
--------------------------------------------------------
10 Shared Dispositive Power
1,828,544
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
26,673
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
.13
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 36933P209 Page 12 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Margot P. Ernst
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 0
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 90,309
Person --------------------------------------------------------
With 9 Sole Dispositive Power
0
--------------------------------------------------------
10 Shared Dispositive Power
90,309
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
0
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
0.00
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 36933P209 Page 13 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Alexandra Ernst
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 6,881
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 391,812
Person --------------------------------------------------------
With 9 Sole Dispositive Power
6,881
--------------------------------------------------------
10 Shared Dispositive Power
391,812
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
6,881
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
.03
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 36933P209 Page 14 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
B. Bros. Realty Limited Partnership
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 1,039,338
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 Sole Dispositive Power
1,039,338
--------------------------------------------------------
10 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
1,039,338
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
5.17
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 36933P209 Page 15 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Matthew L. Ernst
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 5,556
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 Sole Dispositive Power
5,556
--------------------------------------------------------
10 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
5,556
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
.03
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 36933P209 Page 16 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Rebecca D. Gamzon
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 137,572
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 Sole Dispositive Power
137,572
--------------------------------------------------------
10 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
137,572
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
.68
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 36933P209 Page 17 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Edgar M. Cullman III
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 83,550
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 Sole Dispositive Power
83,550
--------------------------------------------------------
10 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
83,550
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
.42
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 36933P209 Page 18 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Caroline B. Sicher
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 95,233
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 Sole Dispositive Power
95,233
--------------------------------------------------------
10 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
95,233
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
.47
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 19 of 36 Pages
SCHEDULE 13D ITEMS
Item 1. Security and Issuer
This Schedule relates to the Class B Common Stock, par value $0.01
per share (the "Common Stock"), of General Cigar Holdings, Inc. (the "Issuer"),
a New York corporation, having its principal executive offices at 387 Park
Avenue South, New York, New York 10016 and is being filed by the persons
identified in Item 2 below.
Item 2. Identity and Background
See Insert 1 attached hereto.
None of the persons filing this Schedule has been convicted in a
criminal proceeding (other than for traffic violations or similar misdemeanors)
during the past 5 years or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violations with respect to
such laws. All individuals are citizens of the United States and all trusts,
partnerships and corporations are organized or formed under the laws of the
United States. The Reporting Persons have executed a joint filing agreement in
connection with the filing of this Schedule, a copy of which has been filed as
Exhibit 1 hereto.
Item 3. Source and Amount of Funds or Other Consideration
None of the shares of the Common Stock referred to in Insert 1 were
acquired by purchase (see Item 4). Certain of the shares of Common Stock are
pledged as collateral for loans from Chase Bank.
Item 4. Purpose of Transaction
Pursuant to that certain Merger Agreement, dated as of February 27,
1997 (the "Merger Agreement"), between Culbro Corporation, a New York
corporation ("Culbro"), and the Issuer, Culbro on August 29, 1997 merged with
and into the Issuer, with the Issuer as the surviving entity. Pursuant to the
Merger, each of the Reporting Persons received 4.44557 shares of Common Stock
for each share of Culbro Common Stock held by such Reporting Person immediately
prior to the Merger. Each share of Common Stock is convertible at any time into
one share of Class A Common Stock, par value $0.01 per share (the "Class A
Common Stock"), and converts automatically into one share of Class A Common
Stock upon any transfer thereof, subject to limited exceptions. No consideration
was paid by any Reporting Person in connection with the acquisition by such
Reporting Person pursuant to the Merger of the shares of Common Stock subject to
this Schedule.
A separate report on Schedule 13D has been filed by the Reporting
Persons with respect to their ownership of shares of Class A Common Stock.
A copy of the Merger Agreement has been filed as Exhibit 2 to this
report on Schedule 13D and is incorporated herein by reference.
<PAGE>
Page 20 of 36 Pages
Item 5. Interest in Securities of the Issuer
See Insert 1 hereto and cover pages.
Voting power and power to direct disposition of securities is shared
by trustees of each of the trusts referred to in Item 2 as set forth on Insert
1. The officers and directors of the Samuel J. Bloomingdale Foundation, Inc.,
the Susan B. and Richard C. Ernst Foundation, Inc. and Louise B. and Edgar M.
Cullman Foundation, Inc. and the trustees of charitable trust created by Justus
Heijmans (collectively, the "Foundations") referred to in Insert 1 as set forth
on Insert 1 hereto share voting power and the power to dispose of such
securities. Such shares are, however, not included in the individual totals
shown on cover pages. Shares owned by B. Bros. Realty Limited Partnership are
shown as beneficially owned for voting and dispositive purposes by both General
Partners of that partnership and also by the partnership itself.
No transactions in the Issuer's Common Stock were effected during
the 60 days preceding the date hereof by the persons filing this Schedule and
their affiliated persons other than as set forth in Item 4 above.
Item 6. Contract, Arrangement or Understanding with Respect to Securities of
the Issuer
None other than an informal understanding that the persons and
entities listed in Insert 1 attached hereto will hold and vote together the
shares of Issuer's Common Stock owned by each of them. However, Trustees of
trusts and partners of the partnership listed in Insert 1 may act independently
where fiduciary responsibilities so require. Furthermore, the persons and
entities listed in Insert 1 may acquire additional shares of the Issuer's Common
Stock.
Although the Foundations are included in Insert 1, no arrangement of
any kind exists with respect to any of the Issuer's Common Stock held by such
Foundations. Such Foundations were included in Insert 1 only because certain of
the undersigned are officers and directors of such Foundations.
Item 7. Material to the Filed as Exhibits
A copy of the Joint Filing Agreement, including powers of attorney,
is attached hereto as Exhibit 1. A copy of the Merger Agreement is attached
hereto as Exhibit 2.
<PAGE>
Page 21 of 36 Pages
Each of the undersigned hereby certifies after reasonable inquiry,
that to the best of his/her knowledge and belief, the information set forth in
this statement is true, complete and correct.
Date: September 5, 1997
Edgar M. Cullman*
-----------------------------------------------
Edgar M. Cullman, individually and as
Trustee of the Trusts of which he is a
Trustee as indicated on Insert 1 hereto
Louise B. Cullman*
-----------------------------------------------
Louise B. Cullman, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
Susan R. Cullman*
-----------------------------------------------
Susan R. Cullman, individually, as
Custodian and as Trustee of the Trusts
of which she is a Trustee as indicated on
Insert 1 hereto
Edgar M. Cullman, Jr.*
-----------------------------------------------
Edgar M. Cullman, Jr., individually, as
Custodian and as Trustee of the Trusts of
which he is a Trustee as indicated on Insert
1 hereto
Lucy C. Danziger*
-----------------------------------------------
Lucy C. Danziger, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
/s/ John L. Ernst
-----------------------------------------------
John L. Ernst, individually and as Trustee
of the Trusts of which he is a Trustee, as
Custodian and as Guardian, all as indicated
on Insert 1 hereto
<PAGE>
Page 22 of 36 Pages
Carolyn S. Fabrici*
-----------------------------------------------
Carolyn S. Fabrici, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
Frederick M. Danziger*
-----------------------------------------------
Frederick M. Danziger, individually and as
Trustee of the Trusts of which he is a
Trustee as indicated on Insert 1 hereto
Elissa F. Cullman*
-----------------------------------------------
Elissa F. Cullman, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
Rebecca D. Gamzon*
-----------------------------------------------
Rebecca D. Gamzon, individually
formerly Rebecca B. Danziger
Matthew L. Ernst*
-----------------------------------------------
Matthew L. Ernst, individually
B. BROS. REALTY LIMITED
PARTNERSHIP
By John L. Ernst*
---------------------------------------------
John L. Ernst,
General Partner
Margot P. Ernst*
-----------------------------------------------
Margot P. Ernst, not individually but as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
Alexandra Ernst*
-----------------------------------------------
Alexandra Ernst, individually and as Trustee
of the Trusts of which she is a Trustee as
indicated on Insert 1 hereto
<PAGE>
David M. Danziger*
-----------------------------------------------
David M. Danziger, individually
Edgar M. Cullman III*
-----------------------------------------------
Edgar M. Cullman III
Caroline B. Sicher*
-----------------------------------------------
Caroline B. Sicher
By: /s/ John L. Ernst
-----------------------------------------------
John L. Ernst
Attorney-in-Fact
<PAGE>
Page 24 of 36 Pages
<TABLE>
<CAPTION>
General Cigar Holdings, Inc.
Schedule 13D Insert 1--Item 2. Identity and Background and
Item 5. Interest in Securities of the Issuer
(4)
(3) (Item 5)
--------------------------------------------------------------
Present principal occu-
pation or employment and Number of shares Total number of
the name, principal busi- of Issuer's Class shares of the
ness and address of any B Common Stock Issuer's Class B
(1) (2) corporation or other acquired or Common Stock (par Percentage of
Name Residence organization in which such disposed of since value $0.01) owned Class B Common
(Item 2(a) Address employment is conducted. April 1997 on the date hereof Stock.
and 5) (Item 2(b)) (Item 2(c)) (i) (ii) (iii)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1. Edgar M. Cullman 2 E. 70th St. Chairman of the Board 494,071 2.46
("EMC") New York, N.Y. General Cigar Holdings, Inc.
378 Park Avenue
So. New York, N.Y.
2. Edgar M. Cullman, 770 Park Avenue President 539,252 2.68
Jr. ("EMC, Jr.") New York, N.Y. General Cigar Holdings, Inc.
387 Park Avenue So.
New York, N.Y.
3. Elissa F. Cullman 770 Park Avenue Interior Decorator 75,574 .38
("EFC") New York, New
York
4. Louise B. 2 E. 70th St. Housewife 459,716 2.29
Cullman ("LBC") New York, N.Y.
5. Susan R. Cullman 2830 Foxhall Rd. Director 390,165 1.94
("SRC") NW
Washington, D.C.
6. Lucy C. Danziger 2 E. 73rd St. Housewife 363,834 1.81
("LCD") New York, N.Y.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 25 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------------- ---------------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
7. Frederick M. 2 E. 73rd St. President & CEO 73,538 .37
Danziger New York, N.Y. Griffin Land and
("FMD") Nurseries, Inc.
8. David M. Danziger 115 Central Park Executive Vice President 184,704 .92
("DMD") West General Cigar Holdings, Inc.
NY, NY 10023
9. Rebecca D. Gamzon 1165 Park Ave Housewife 137,572 .68
("RDG") Apt. 15A
New York, N.Y.
10. John L. Ernst 860 U.N. Towers Chairman & President 26,673 .13
("JLE") New York, N.Y. Bloomingdale Properties,
Inc.*
(Investments)
641 Lexington Avenue
New York, N.Y.
11. Alexandra Ernst 120 Bis Blvd. Writer 6,881 .03
("AE") Montpamesse
75014 Paris,
France
12. LCD, EMC, Jr. and
SRC,
Trustees
u/w/o Joseph F.
Cullman, Jr.
f/b/o/:
EMC 339,854 1.69
13. Carolyn S. P.O. Box 4708 Housewife 106,062 .53
Fabrici ("CSF") 42630 N. 54th St.
Cave Creek, AZ
85331
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 26 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
14. EMC, Jr. Custodian
f/b/o:
Edgar M. Cullman III, 0
a minor ("EMC III")
Samuel B. Cullman, 32,995 .16
a minor ("SBC")
Georgina D. Cullman, 34,577 .17
a minor ("GDC")
15. Caroline B. Sicher, 2830 Foxhall Student
("CBS") Rd., NW
Washington, DC 95,233 .47
16. EMC and LBC, Trustees
u/i/o LBC (12/16/43)*
f/b/o: (24,709)
LCD 98,976 .49
17. EMC, LBC and SRC,
Trustees
u/i/o Samuel J.
Bloomingdale ("SJB") and
Rita G. Bloomingdale
("RGB") (1/10/50)*(15,884)
f/b/o:
SRC 226,190 1.13
18. EMC, LBC and SRC,
Trustees (15,885)
u/i/o EMC and LBC
(3/21/50)*
f/b/o:
SRC 83,194 .41
19. EMC, LBC and LCD
Trustees (15,980)
u/i/o SJB (12/21/50)*
f/b/o:
LCD 129,775 .65
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 27 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
20. EMC, LBC and EMC, Jr.
Trustees (15,981)
u/i/o SJB (12/21/50)*
f/b/o:
EMC, Jr. 111,165 .55
21. EMC, LBC and SRC
Trustees (15,982)
u/i/o SJB (12/21/50)*
f/b/o:
SRC 115,584 .58
22. EMC, LBC and LCD
Trustees (16,010)
u/i/o RGB (12/21/50)*
f/b/o:
LCD 24,086 .12
23. EMC, LBC and EMC, Jr.
Trustees (16,011)
u/i/o RGB (12/21/50)*
f/b/o:
EMC, Jr. 44,340 .22
24. EMC, LBC and SRC
Trustees (16,012)
u/i/o RGB (12/21/50)*
f/b/o:
SRC 52,635 .26
25. EMC, LBC and LCD
Trustees (16,175)
u/i/o RGB (6/14/51)*
f/b/o:
LCD 171,234 .85
26. EMC, LBC and EMC, Jr.
Trustees (16,176)
u/i/o RGB (6/14/51)*
f/b/o:
EMC, Jr. 178,667 .89
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 28 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
27. EMC, LBC and SRC
Trustees u/i/o RGB
(6/14/51)*(16,177)
f/b/o:
SRC 178,222 .89
28. LBC, Margot P. Ernst
("MPE"), AE and JLE,
Trustees (16,441)
u/i/o Susan B. Ernst
("SBE") (4/9/52)*
f/b/o:
Descendants of JLE 19,400 .10
29. LBC, JLE, AE and CSF,
Trustees (16,442)
u/i/o SBE (4/9/52)*
f/b/o:
Descendants of CSF 17,088 .09
30. EMC, LCD, EMC, Jr. and
SRC Trustees
u/i/o LBC (1/6/53)*
f/b/o:
Descendants of LCD (26,375) 46,233 .23
Descendants of EMC, Jr. (16,714) 186,481 .86
Descendants of SRC 116,847 .58
31. LBC, MPE, AE and
JLE, Trustees (16,715)
u/i/o SBE (1/6/53)*
f/b/o:
Descendants of JLE 11,469 .06
32. LBC, JLE, AE and CSF
Trustees (16,916)
u/i/o SBE (1/6/53)*
f/b/o:
Descendants of CSF 52,017 .26
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 29 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
33. EMC, LCD, EMC, Jr. and
SRC
Trustees
u/i/o LBC (6/30/54)*
f/b/o:
Descendants of LCD (26,376) 115,335 .57
Descendants of EMC, Jr. (17,248) 223,620 1.10
Descendants of SRC (17,249) 159,498 .79
34. LBC, CSF, AE and JLE,
Trustees (15,985)
u/i/o SJB (12/21/50)*
f/b/o:
Dorothy P. Ernst 17,666 .09
35. LBC, CSF, AE and JLE
Trustees (16,015)
u/i/o RGB (12/21/50)*
f/b/o:
Dorothy P. Ernst 17,666 .09
36. LBC, LCD, EMC, Jr. and
SRC Trustees
u/i/o EMC (3/23/55)*
f/b/o/:
Descendants of LCD (26,812) 48,145 .24
Descendants of EMC, Jr. (17,423) 71,164 .35
Descendants of SRC 63,127 .31
37. EMC, LCD, EMC, Jr. and
SRC Trustees
u/i/o LBC (3/23/55)*
f/b/o:
Descendants of LCD (26,374) 31,118 .15
Descendants of EMC, Jr. (17,449) 54,787 .27
Descendants of SRC 60,459 .30
38. EMC, LBC, EMC, Jr. and
LCD Trustees (26,372)
u/i/o SJB (8/2/55)*
f/b/o:
Descendants of LCD 108,471 .54
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 30 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
39. EMC, LBC, LCD and EMC,
Jr. Trustees (17,593)
u/i/o SJB (8/2/55)*
f/b/o:
Descendants of EMC, Jr. 167,250 .83
40. EMC, LBC, LCD and SRC
Trustees (17,595)
u/i/o SJB (8/2/55)*
f/b/o:
Descendants of SRC 168,762 .83
41. LBC, MPE, AE and JLE
Trustees (17,596)
u/i/o SJB (8/2/55)*
f/b/o:
Descendants of JLE 14,199 .07
42. EMC, LBC, CSF, AE and
JLE
Trustees (17,597)
u/i/o SJB (8/2/55)*
f/b/o:
Descendants of CSF 15,675 .08
43. EMC, LBC and LCD,
Trustees (26,373)
u/w/o RGB (2/29/56)*
f/b/o:
Descendants of LCD 85,479 .43
44. EMC, LBC and EMC, Jr.,
Trustees (47,885)
u/w/o RGB (2/29/56)*
f/b/o:
Descendants of EMC, Jr. 90,387 .45
45. EMC, LBC and SRC,
Trustees (17,886)
u/w/o RGB (2/29/56)*
f/b/o:
Descendants of SRC 76,419 .38
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 31 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
46. EMC, LBC, CSF,
AE and JLE,
Trustees
u/w/o RGB (17,882)
(2/29/56)*
f/b/o:
Descendants of
JLE 173,990 .87
47. EMC, LBC, JLE and
CSF, Trustees
u/w/o RGB
(2/29/56)*
f/b/o:
Descendants of
CSF 173,990 .87
48. Samuel J. Bloomingdale Charitable 87,319 .43
Foundation, Inc.* Foundation
EMC, Chairman &
Dir. LBC, President
& Dir. EMC, Jr.,
Treas. & Dir. LCD,
Secretary
49. Richard C. Ernst Charitable 53,560 .27
and Susan B. Ernst Foundation
Foundation, Inc.*
JLE, Pres. & Dir.
MPE, Vice Pres. &
Dir. AE, Treas. &
Dir. John Fletcher
III, Secy.
50. EMC, LBC and EMC, Jr.,
Trustees
u/w/o F.W. Cullman
(7/23/59)*
f/b/o:
LCD (70,036) 77,441 .39
EMC, Jr. (70,037) 61,215 .30
SRC (70,038) 88,973 .44
51. EMC, LCD and FMD,
Trustees (70,204)
u/i/o SJB (4/15/66)*
f/b/o:
DMD 55,676 .28
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 32 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
52. FMD, LCD and EMC, Jr.,
u/i/o EMC (12/26/72)*
f/b/o:
LCD and DMD (36,881) 79,131 .39
LCD and RDG (36,882) 80,020 .40
53. FMD, LCD, SRC and
EMC, Jr.
Trustees
u/i/o EMC (12/23/76)*
f/b/o:
DMD (44,387) 71,129 .35
RDG (44,386) 72,018 .36
54. FMD, SRC, EMC, Jr.,
and JLE, Trustees
u/i/o LCD (12/25/76)*
f/b/o:
DMD (44,380) 14,225 .07
RDG (44,379) 14,225 .07
55. Richard M. Danziger and
FMD, Trustees
u/i/o LCD (12/24/69)*
f/b/o:
RDG (28,348) 101,358 .50
56. LBC, MPE, AE and JLE,
Trustees
u/i/o RGB (6/14/51)*
f/b/o:
JLE (16,178) 13,696 .07
57. LCD, SRC, JLE and
Elissa Cullman, Trustees,
u/i/o EMC, Jr.
(12/25/76)*
f/b/o:
EMC III (44,382) 32,008 .16
SBC (44,383) 32,008 .16
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 33 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
58. EMC, Jr., SRC, LCD and
Elissa Cullman, Trustees,
u/i/o EMC (12/23/76)*
f/b/o:
EMC III (44,388) 90,689 .45
SBC (44,389) 90,689 .45
59. EMC, Jr., SRC, LCD and
FMD
Trustees (44,391)
u/i/o EMC (12/23/76)*
f/b/o:
GDC 88,911 .44
60. LCD, EMC, Jr., John
Sicher and JLE, Trustees,
u/i/o SRC (12/25/76)*
f/b/o:
CBS (44,381) 62,237 .31
61. EMC, Jr., LCD, SRC and
John Sicher, Trustees,
u/i/o EMC (12/23/76)*
f/b/o:
CBS (44,390) 71,129 .35
62. FMD and R.M. Danziger,
Trustees (45,086)
u/i/o Elsie B. Paskus
f/b/o:
R.M. Danziger 13,336 .07
63. FMD and R.M. Danziger
Trustees (45,087)
u/i/o Elsie B. Paskus
f/b/o:
FMD 6,223 .03
64. B. Bros. Realty Limited Investments 1,039,338 5.17
Partnership*
JLE, General Partner
LCD, General Partner
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 34 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
65. EMC, EMC, Jr.
SRC and 898 0
Richard W. Dammann,
Executors of the
Estate of
Justus Heijmans
66. JLE, FMD and Roger
Bloom ("RB"),
Trustees (51,115)
u/a/o SBE (4/19/81)
u/w/o SBE Appointment
u/i/o RBG (11/27/31)*
f/b/o:
Descendants of JLE 33,155 .17
67. LBC, JLE, AE and CSF,
Trustees (15,984)
u/i/o SJB (12/21/50)*
f/b/o:
CSF 6,735 .03
68. LBC, JLE, AE and CSF
Trustees (16,179)
u/i/o RGB (6/14/51)*
f/b/o:
CSF 6,223 .03
69. JLE, EMC, Jr. and Roger
Bloom, Trustees (51,117)
u/a/o SBE (4/19/81)
u/w/o SBE Appointment
u/i/o RGB (11/27/31)*
f/b/o:
Descendants of CSF 8,891 .04
70. Matthew L. Ernst 27 Howard Street Artist 5,556 .03
New York, N.Y.
71. JLE, MPE, CSF, FMD
and EMC, Jr.,
Trustees (67,905)
u/c/o/w Richard C. Ernst,
(6/19/84)
f/b/o:
Benjamin C. Stewart 26,655 .13
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 35 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
72. JLE, as Custodian
f/b/o:
Jessica P. Ernst
a minor ("JPE") 5,556 .03
73. Charitable Trust created
by Justus Heijmans,*
EMC and EMC, Jr.,
Trustees 889 0
74. LBC, JLE, MPE and AE,
Trustee (16,013)
u/i/o RGB (12/21/50)*
f/b/o:
JLE 4,890 .02
75. JLE, as Guardian
f/b/o:
DPE 11,909 .06
76. JLE, LBC, EMC, CSF and
AE, Trustees (65,189)
u/c/w/o RGB (2/29/56)*
f/b/o:
Descendants of JLE 21,098 .11
77. Chemical Bank and LBC,
Trustees (13,072)
u/i/o RGB (11/27/31)*
f/b/o:
LBC 133,367 .66
78. Louise B. & Edgar M. Charitable 28,451 .14
Cullman Foundation, Foundation
Inc.*
EMC, Chairman of the
Board
SRC, President
LBC, Vice President
EMC, Jr., Treasurer
LCD, Secretary
79. Edgar M. Cullman, III 770 Park Avenue Student
(EMC,III) New York, NY 83,550 .42
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 36 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C>
TOTAL 9,935,888 49.46
</TABLE>
* Business Address: 641 Lexington Avenue, New York, NY 10022
<PAGE>
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange Act
of 1934, as amended, each of the persons whose signature appears below agrees to
the joint filing on behalf of each of them of a Statement on Schedule 13D
(including amendments thereto) with respect to (a) the Class A Common Stock, par
value $0.01 per share, of General Cigar Holdings, Inc., a Delaware corporation
(the "Class A 13D"), and (b) the Class B Common Stock, par value $0.01 per
share, of General Cigar Holdings, Inc. (the "Class B 13D"), and further agrees
that this Joint Filing Agreement be included as an exhibit to such filings
provided that, as contemplated by Section 13d-1(f)(l)(ii), no person shall be
responsible for the completeness or accuracy of the information concerning the
other persons making the filing, unless such person knows or has reason to
believe that such information is inaccurate. This Agreement may be executed in
any number of counterparts, all of which taken together shall constitute one and
the same instrument.
In addition, each of the persons whose signature appears below
constitutes and appoints John L. Ernst as true and lawful attorney-in-fact and
agent with full power of substitution and resubstitution for him or her and in
his or her name, place and stead, in any and all capacities to sign the Class A
13D, the Class B 13D and any and all amendments to the Class A 13D and the Class
B 13D, and to file the same with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange Commission, granting unto
said attorney-in-fact and agent full power and authority to do and perform each
and every act and thing requisite and necessary to be done in and about the
premises, as full to all intents and purposes as he might or could do in person,
hereby ratifying and confirming all that said attorney-in-fact and agent, or his
substitute or substitutes, may lawfully do or cause to be done by virtue
thereof.
<PAGE>
Dated: September 5, 1997
/s/ Edgar M. Cullman
----------------------------------------------
Edgar M. Cullman, individually and as
Trustee of the Trusts of which he is a
Trustee as indicated on Insert 1 hereto
/s/ Louise B. Cullman
----------------------------------------------
Louise B. Cullman, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
/s/ Susan R. Cullman
----------------------------------------------
Susan R. Cullman, individually, as
Custodian and as Trustee of the Trusts of
which she is a Trustee as indicated on
Insert 1 hereto
/s/ Edgar M. Cullman, Jr.
----------------------------------------------
Edgar M. Cullman, Jr., individually, as
Custodian and as Trustee of the Trusts of
which he is a Trustee as indicated on
Insert 1 hereto
/s/ Lucy C. Danziger
----------------------------------------------
Lucy C. Danziger, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
/s/ John L. Ernst
----------------------------------------------
John L. Ernst, individually and as Trustee
of the Trusts of which he is a Trustee, as
Custodian and as Guardian, all as indicated
on Insert 1 hereto
<PAGE>
/s/ Carolyn S. Fabrici
----------------------------------------------
Carolyn S. Fabrici, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
/s/ Frederick M. Danziger
----------------------------------------------
Frederick M. Danziger, individually and
as Trustee of the Trusts of which he is a
Trustee as indicated on Insert 1 hereto
/s/ Elissa F. Cullman
----------------------------------------------
Elissa F. Cullman, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
/s/ Rebecca D. Gamzon
----------------------------------------------
Rebecca D. Gamzon, individually
formerly Rebecca B. Danziger
/s/ Matthew L. Ernst
----------------------------------------------
Matthew L. Ernst, individually
B. BROS. REALTY LIMITED
PARTNERSHIP
By /s/ John L. Ernst
--------------------------------------------
John L. Ernst,
General Partner
/s/ Margot P. Ernst
----------------------------------------------
Margot P. Ernst, not individually but as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
<PAGE>
/s/ Alexandra Ernst
----------------------------------------------
Alexandra Ernst, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
/s/ David M. Danziger
----------------------------------------------
David M. Danziger, individually
/s/ Edgar M. Cullman III
----------------------------------------------
Edgar M. Cullman III
/s/ Caroline B. Sicher
----------------------------------------------
Caroline B. Sicher
<PAGE>
EXHIBIT 2
AGREEMENT AND PLAN OF MERGER
OF
CULBRO CORPORATION
(a New York Corporation)
INTO
GENERAL CIGAR HOLDINGS, INC.
(a Delaware corporation)
AGREEMENT AND PLAN OF MERGER (this "Agreement"), entered into as of
this 27th day of February, 1997, made by and between Culbro Corporation, a New
York corporation ("Culbro"), and General Cigar Holdings, Inc., a Delaware
corporation ("Holdings").
WHEREAS, Holdings is in the process of consummating an initial
public offering of Class A Common Stock (the "Offering"). Immediately following
the Offering, Holdings will have 6,000,000 outstanding shares of Class A Common
Stock, par value $0.01 per share, and 20,087,182 outstanding shares of Class B
Common Stock, par value $0.01 per share.
WHEREAS, Culbro has 4,518,472 shares of common stock outstanding and
385,514 shares of common stock issuable upon the exercise of outstanding options
as of the date of this Agreement.
WHEREAS, the Board of Directors of Culbro and Holdings,
respectively, deem it advisable and generally to the advantage and welfare of
the two corporate parties and their respective shareholders that Culbro merge
with Holdings under and pursuant to the provisions of the Business Corporation
Law of the State of New York and of the General Corporation Law of the State of
Delaware (the "Merger").
NOW, THEREFORE, in consideration of the premises and of the mutual
agreements herein contained and of the mutual benefits hereby provided, it is
agreed by and between the parties hereto as follows:
1. MERGER. Culbro shall be merged into Holdings effective as of the
Effective Time (as defined below).
2. EFFECTIVE TIME. The Effective Time shall be a date mutually
agreed to by the parties (the "Effective Time"), which date shall be as soon as
practicable following the satisfaction of the following conditions: (i) the
completion of the Distribution (as defined in the Distribution Agreement between
Culbro and Culbro Land Resources, Inc. ("CLR")); and (ii) the approval of the
Merger by the shareholders of Culbro, provided that in no event shall the
Effective Time occur earlier than 180 days after the consummation of the
Offering without the consent of Donaldson, Lufkin & Jenrette Securities
Corporation ("DLJ"). At the Effective
<PAGE>
Time, the parties shall cause the Merger to be consummated by filing a
Certificate of Merger with the Secretaries of State of the State of New York and
the State of Delaware, the forms of which are attached hereto as Exhibits A and
B.
3. SURVIVING CORPORATION. Holdings shall survive the Merger herein
contemplated and shall continue to be governed by the laws of the State of
Delaware, but the separate corporate existence of Culbro shall cease forthwith
upon the occurrence of the Effective Time.
4. AUTHORIZED CAPITAL. The authorized capital stock of Holdings
following the Effective Time shall be 50,000,000 shares of Class A Common Stock,
par value $0.01 per share, 25,000,000 shares of Class B Common Stock, par value
$0.01 per share and 20,000,000 shares of Preferred Stock, par value $0.01 per
share, unless and until the same shall be changed in accordance with the laws of
the State of Delaware.
5. CERTIFICATE OF INCORPORATION. The Certificate of Incorporation of
Holdings as it exists at the Effective Time shall be the Certificate of
Incorporation of Holdings following the Effective Time unless and until the same
shall be amended or repealed in accordance with the provisions thereof, which
power to amend or repeal is hereby expressly reserved and all rights or powers
of whatsoever nature conferred in such Certificate of Incorporation or herein
upon any stockholder or director or officer of Holdings or upon any other
persons whomsoever are subject to the reserved power.
6. BYLAWS. The Bylaws of Holdings as they exist at the Effective
Time shall be the Bylaws of Holdings following the Effective Time unless and
until the same shall be amended or repealed in accordance with the provisions
thereof.
7. BOARD OF DIRECTORS AND OFFICERS. The members of the Board of
Directors and the officers of Holdings immediately after the Effective Time
shall be those persons who were the members of the Board of Directors and the
officers, respectively, of Holdings immediately prior to the Effective Time, and
such persons shall serve in such offices, respectively, for the terms provided
by law or in the Bylaws, or until their respective successors are elected and
qualified.
8. FURTHER ASSURANCE OF TITLE. If at any time Holdings shall
consider or be advised that any acknowledgements or assurances in law or other
similar actions are necessary or desirable in order to acknowledge or confirm in
and to Holdings any right, title, or interest of Culbro held immediately prior
to the Effective Time, Culbro and its proper officers and directors shall and
will execute and deliver all such acknowledgements or assurances in law and do
all things necessary or proper to acknowledge or confirm such right, title, or
interest in the proper officers and directors thereof are fully authorized to
take any and all such action in the name of Culbro or otherwise.
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<PAGE>
9. CONVERSION OF HOLDINGS CLASS A COMMON STOCK. Each share of Class
A Common Stock, par value $0.01 per share, of Holdings issued and outstanding
immediately prior to the Effective Time shall, by virtue of the Merger and
without any action on the part of the holder thereof, remain an issued and
outstanding share of Class A Common Stock, par value $0.01 per share, of
Holdings immediately following the Merger.
10. CONVERSION OF OUTSTANDING STOCK OF CULBRO. Forthwith upon the
occurrence of the Effective Time, each issued and outstanding share of common
stock, par value $1.00 per share, of Culbro and all rights in respect thereof
shall be converted into 4.44557 fully paid and nonassessable shares of Class B
Common Stock of Holdings, and each certificate nominally representing shares of
common stock of Culbro shall for all purposes be deemed to evidence the
ownership of 4.44557 shares of Class B Common Stock of Holdings for each such
share of common stock of Culbro. The holders of such certificates shall not be
required immediately to surrender the same in exchange for certificates of Class
B Common Stock of Holdings, but, as certificates nominally representing shares
of common stock of Culbro are surrendered for transfer, Holdings will cause to
be issued certificates representing shares of Class B Common Stock of Holdings,
and, at any time upon surrender by any holder of certificates nominally
representing shares of common stock of Culbro, Holdings will cause to be issued
therefor certificates for a number of shares of Class B Common Stock of Holdings
equal to the product of
(i) 4.44557, multiplied by
(ii) the number of shares of common stock of Culbro represented by the
certificate delivered for exchange;
provided that all shares of Class B Common Stock shall be subject to conversion
to shares of Class A Common Stock upon transfer (other than to Permitted
Transferees, as defined in the Holdings Certificate of Incorporation), in
accordance with the Holdings Certificate of Incorporation, and holders of shares
of Culbro common stock transferred after the Merger (other than to Permitted
Transferees) will receive certificates for shares of Class A Common Stock in
lieu of Class B Common Stock.
11. CONVERSION OF OUTSTANDING STOCK OPTIONS OF CULBRO. Forthwith
upon the occurrence of the Effective Time, each outstanding option to acquire
4.44557 shares of Class A Common Stock of Holdings, and the per share exercise
price of each such outstanding option to acquire Culbro common stock shall be
reformed as a number equal to the quotient of
(i) the exercise price per share of the option, divided by
(ii) 4.44557.
3
<PAGE>
Other terms of each outstanding option shall be adjusted as necessary to reflect
the consummation of the Merger, provided that, following the Merger, the option
shall provide the option holder with, in the aggregate, substantially identical
economic benefits as were provided prior to the Merger.
12. ADJUSTMENT OF SHARES OF HOLDINGS ISSUED TO CULBRO. If any outstanding
Culbro stock option is exercised after the date of this Agreement, but prior too
the Effective Time, Culbro will pay to Holdings the amount of the exercise price
received with respect to such Culbro option, and in exchange therefor, Holdings
will issue 4.44557 shares of Class B Common Stock of Holdings to Culbro for each
share of common stock of Culbro issued by Culbro upon the exercise of such
Culbro stock option.
13. RIGHTS AND LIABILITIES OF HOLDINGS. At and after the Effective Time,
Holdings shall succeed to and possess, without further act or deed, all of the
estate, rights, privileges, powers and franchises, both public and private, and
all of the property, real, personal, and mixed, of each of the parties hereto;
all debts due to Culbro or whatever account shall be vested in Holdings; all
claims, demands, property, rights, privileges, powers, and franchises and every
other interest of either of the parties hereto shall be as effectively the
property of Holdings as they were of the respective parties hereto; the title to
any real estate vested by deed or otherwise in Culbro shall not revert or be in
any way impaired by reason of the merger, but shall be vested in Holdings; all
rights of creditors and all liens upon any property of either of the parties
hereto shall be preserved unimpaired, limited in lien to the property affect by
such lien at the Effective Time; all debts, liabilities, and duties of the
respective parties hereto shall thenceforth attach to Holdings and may be
enforced against it to the same extent as if such debts, liabilities, and duties
had been incurred or contracted by it; and Holdings shall indemnify and hold
harmless the officers and directors of each of the parties hereto against all
such debts, liabilities and duties and against all claims and demands arising
out of the merger.
14. SERVICE OF PROCESS ON HOLDINGS. Holdings agrees that it may be served
with process in the State of New York in any proceeding for enforcement of any
obligations of Culbro as well as for the enforcement of any obligation of
Holdings arising from the merger, including any suit or other proceeding to
enforce the right of any shareholder as determined in appraisal proceedings
pursuant to the provisions of Section 907(e)(2)(E) of the New York Business
Corporation Law. Holdings hereby irrevocably appoints the Secretary of State of
the State of New York as its agent to accept service of process in any
proceeding referred to in the preceding sentence.
15. EXPENSES AND RIGHT OF DISSENTING SHAREHOLDERS. Notwithstanding
anything to the contrary in this Agreement, shares of Culbro common stock (the
"Dissenting Shares") issued and outstanding immediately prior to the Effective
Time that are held by holders (if any) that have not voted in favor of the
Merger or consented thereto in writing and that have demanded appraisal rights
with respect to their shares of common stock of Culbro in accordance with the
applicable provisions of New York law and, as of the Effective Time, shall not
have failed to perfect (or shall not have effectively withdrawn or lost) their
rights
4
<PAGE>
to appraisal and payment under applicable provisions of New York law shall not
be converted into the right to receive Class B Common Stock of Holdings, but
holders of Dissenting Shares shall be entitled to receive a cash payment in the
amount of the appraised value of such shares (the "Appraised Share Value") in
accordance with the provisions of applicable New York law, except that any
Dissenting Shares held by a holder that has failed to perfect or shall have
effectively withdrawn or lost its right to appraisal and payment under
applicable provisions of New York law shall be converted into the right to
receive Class B Common Stock of Holdings. Culbro shall give Holdings (i) prompt
notice of any written demands for appraisal of any shares, attempted withdrawals
of such demands, and any other instruments served pursuant to the applicable New
York law received by Culbro relating to stockholders' rights of appraisal, and
(ii) the opportunity to direct all negotiations and proceedings with respect to
demands for appraisal under the applicable New York law. Culbro shall not,
except with the prior written consent of Holdings, voluntarily make any payment
with respect to any demands for appraisals of capital stock of Culbro, offer to
settle or settle any such demands or approve any withdrawal of any such demands.
None of the shares of common stock that would have been issued pursuant to
Paragraph 10 of this Agreement in exchange for Dissenting Shares if such
Dissenting Shares had been converted into Class B Common Stock of Holdings will
be issued to any holder of Culbro common stock or any other person or entity.
Holdings shall pay all expenses of carrying this Agreement into effect and of
accomplishing the Merger, including amounts, if any, to which dissenting
shareholders of Culbro may be entitled by reason of this Merger.
16. TERMINATION. This Agreement may be terminated by Culbro or Holdings if
the conditions set forth in Paragraph 2 of this Agreement, determining the
Effective Time of the Merger, are not satisfied prior to January 1, 1998.
17. GOVERNING LAW. This Agreement shall be administered, interpreted and
enforced under the internal laws of the State of New York without regard to
conflicts of laws thereof.
[signature page follows]
5
<PAGE>
IN WITNESS WHEREOF each of the corporate parties hereto, pursuant to
authority granted by the Board of Directors, has caused this Agreement to be
executed by its Vice President and attested by its Secretary and its corporate
seal to be hereunto affixed.
ATTEST: CULBRO CORPORATION
BY: /s/ Anthony Galici
- ---------------------- -------------------------
Secretary Anthony Galici
Vice President
Corporate Seal
ATTEST: GENERAL CIGAR HOLDINGS, INC.
BY /s/ Joseph C. Aird
- ---------------------- -------------------------
Secretary Joseph C. Aird
Senior Vice President
Corporate Seal
6
