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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Information Statement Pursuant to Rules 13s-1 and 13d-2
Under The Securities Exchange Act of 1934
Best Products Co., Inc.
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(Name Of Issuer)
Common Stock, $1.00 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
086553 10 4
------------------------------------
(Cusip Number)
Check the following box if a fee is being paid with this statement (X).
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than 5% 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.)
(Continued on the following page(s))
Page 1 of 5 Pages
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CUSIP NO. 086553104 13G
BEST PRODUCTS CO.
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- -----------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON.
Chemical Banking Corporation -- CBC (13-2624428)
Chemical Bank -- CB (13-4994650)
- -----------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) ( )
(B) ( )
- -----------------------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
CBC -- Delaware
CB -- New York
- -----------------------------------------------------------------------------------------------
NUMBER 5 SOLE VOTING POWER
OF 9,643,048 (Common)
SHARES --------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY NONE
EACH --------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 9,643,048
WITH --------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
NONE
- -----------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,643,048 Common
- -----------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
- -----------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
30.5%
- -----------------------------------------------------------------------------------------------
12 TYPE OF PERSON REPORTING
CBC -- HC
CB -- BK
- -----------------------------------------------------------------------------------------------
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RELATING TO THE COMMON STOCK OF
BEST FOODS CO., INC.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G Under
The Securities Exchange Act of 1934
(Amendment No. )
This statement constitutes the Statement on Schedule 13G (the
"Statement") of Chemical Banking Corporation, a Delaware corporation ("CBC"),
and Chemical Bank, a New York banking corporation and a wholly owned subsidiary
of CBC ("CB"), with respect to the ownership of Common Stock, par value $1.00
per share (the "Common Stock") of Best Products Co., Inc., a Virginia
corporation (the "Company").
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Item 1(a). NAME OF ISSUER: Best Products Co., Inc.
Item 1(b). ADDRESS OF ISSUER: 1400 Best Plaza
I-95 and Parham Road
Richmond, Virginia 23225
PRINCIPAL EXECUTIVE OFFICER:
Item 2(a). NAME OF PERSON FILING: This notice is filed by CBC and CB.
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE: CBC: 270 Park Avenue
New York, NY 10017
CB : 270 Park Avenue
New York, NY 10017
Item 2(c). CITIZENSHIP: CBC -- Delaware
CB -- New York
Item 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, $1.00 par value
Item 2(e). CUSIP NUMBER: 086553-10-4
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BEST PRODUCTS CO. INC.
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Item 3. Not appliocable
Item 4. OWNERSHIP:
If the percent of the class owned, as of December 31 of the
year covered by the statement, or as of the last day of any month
described in Rule 13d-1(b)(2), if applicable, exceeds five
percent, provide the following information as of that date and
identify those shares which there is a right to acquire.
(a) Amount Beneficially Owned: -- 9,643,048
(b) Percent of Class: -- 30.5 %
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
-- 9,643,048
(ii) Shared power to vote or to direct the vote:
(iii) Sole power to dispose or to direct the disposition of:
-- 9,643,048
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable
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BEST PRODUCTS CO., INC.
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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:
Pursuant to rule 13(d) - 1(c): This notice if filed on behalf of both CBC and
its subsidiary, CB. In lieu of attaching an exhibit hereto, the identity of CB
is as set forth on the cover page hereof. CB is classified as a Bank, as such
term is defined in Section (3)(a)(6) of the Securities Exchange Act of 1934, as
amended,
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THIS GROUP:
Not applicable.
Item 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
Item 10. CERTIFICATION:
Not applicable
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SIGNATURE: After reasonable inquiry and to the best of my
knowledge and belief, each of the undersigned certifies that the
information set forth in this statement is true, complete and
correct.
Dated: July 22, 1994
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CHEMICAL BANK CHEMICAL BANKING CORPORATION
- --------------------------------------------- ---------------------------------------------
John B. Wynne John B. Wynne
Senior Vice President and Senior Vice President and
Corporate Secretary Corporate Secretary
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