UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
MPEL HOLDINGS CORP.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
553211103
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(CUSIP Number)
February 14, 2000
(Date of Event Which Requires Filing of this Statement)
Check the following box if a fee is being paid with this statement: . (A fee is
not required only if the filing person : (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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 in 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>
CUSIP No. 553211103 13G Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cary Wolen
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,133,280
OWNED BY
EACH
REPORTING
PERSON
WITH
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6 SHARED VOTING POWER
420,228
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7 SOLE DISPOSITIVE POWER
2,133,280
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8 SHARED DISPOSITIVE POWER
420,228
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9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,553,500
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.9%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
AMENDMENT NO. __
TO
SCHEDULE 13G
Item 1(a). Name of Issuer:
MPEL Holdings Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
25 Melville Park Road
Melville, New York 11747
Item 2(a). Name of Person Filing:
Cary Wolen
Item 2(b). Address of Principal Business Office or, if None, Residence:
c/o MPEL Holdings Corp.
25 Melville Park Road
Melville, New York 11747
Item 2(c). Citizenship:
USA
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
553211103
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
Not applicable
<PAGE>
Item 4. Ownership. As of December 31, 1999
(a) Amount beneficially owned:2,553,500
(b) Percent of class:13.9%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 2,133,280
(ii) Shared power to vote or direct the vote: 420,220
(iii) Sole power to dispose or direct the disposition of: 2,133,280
(iv) Shared power to dispose or direct the disposition of: 420,220
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being reported on by the Parent Holding Company.
Not applicable
Item 8. Identification and Classification of Members of the Group.
Not applicable
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
Not applicable
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 14, 2000
/s/ Cary Wolen
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CARY WOLEN
