<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 4 TO
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
ZAPATA CORPORATION
(NAME OF ISSUER)
COMMON STOCK, PAR VALUE $0.25 PER SHARE
989070R17
(CUSIP NUMBER)
BRAD S. AKIN, ESQ.
GRESHAM, DAVIS, GREGORY, WORTHY & MOORE
A PROFESSIONAL CORPORATION
112 EAST PECAN STREET, SUITE 900
SAN ANTONIO, TEXAS 78205
(210) 226-4157
(NAME, ADDRESS AND TELEPHONE NUMBER
OF PERSON AUTHORIZED TO RECEIVE NOTICES
AND COMMUNICATIONS)
APRIL 11, 1996
(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 [_]
CHECK THE FOLLOWING BOX IF A FEE IS BEING PAID WITH
THE STATEMENT [_]
Page 1 of 7 Pages
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mandating activities subject to, federal or state securities laws, or finding
any violations with respect to such laws. Benjamin D. Holt, Jr. is a citizen of
the United States of America.
(c)
(1) On December 29, 1994, Peter M. Holt made an aggregate gift of 9,392
shares to two trusts for the benefit of his children. On the same date, the
Peter M. Holt Grantor Trust made an aggregate gift of 2,460 shares to the same
trusts. Mr. Holt's wife is the sole trustee of each of such trusts.
(2) Between March 26, 1996 and March 29, 1996, Benjamin D. Holt, Jr. sold
an aggregate of 144,000 shares on the open market. The dates, numbers of shares
sold and price per share for such transactions is as follows:
<TABLE>
<CAPTION>
Date Shares Sold Price
- ---- ----------- --------
<S> <C> <C>
March 26, 1996 25,500 $ 3.220
March 27, 1996 8,500 $ 3.095
March 28, 1996 40,500 $ 3.220
39,500 $ 3.095
March 29, 1996 30,000 $ 3.220
-------
Total 144,000
</TABLE>
(3) Between April 1, 1996 and April 8, 1996, the Peter M. Holt Grantor
Trust sold an aggregate of 113,500 shares on the open market. The dates,
numbers of shares sold and price per share for such transactions is as follows:
<TABLE>
<CAPTION>
Date Shares Sold Price
- ---- ----------- ------
<S> <C> <C>
April 1, 1996 50,000 $3.220
April 2, 1996 15,000 $3.345
April 3, 1996 30,500 $3.345
April 4, 1996 14,000 $3.345
April 8, 1996 4,000 $3.345
-------
Total 113,500
</TABLE>
(4) On April 11, 1996, Peter M. Holt, Benjamin D. Holt, Jr., the S Stock
GST Trust for Peter M. Holt, the Holt Corporate Stock Life Trust - 1985, and the
Holt Corporate Stock Marital Trust - 1985 sold an aggregate of 2,132,585 shares
in a negotiated transaction. The name of the seller, number of shares sold and
price per share for such transaction is as follows:
<TABLE>
<CAPTION>
Seller Shares Sold Price
- ------ ----------- -----
<S> <C> <C>
Peter M. Holt 862,756 $3.44
S Stock Trust for Peter M. Holt 213,938 $3.44
Holt Corporate Stock Life Trust - 1985 194,923 $3.44
Holt Corporate Stock Marital Trust - 1985 201,419 $3.44
Benjamin D. Holt, Jr. 659,549 $3.44
---------
Total 2,132,585 $3.44
</TABLE>
Page 5 of 7 Pages
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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.
/s/ Peter M. Holt
----------------------------------------
Peter M. Holt
Dated: May 6, 1996
Page 7 of 7 Pages
