<PAGE> 1
THIS DOCUMENT IS A COPY OF THE
SCHEDULE 13G (AMENDMENT NO. 8) FILED
ON FEBRUARY 18, 1997 PURSUANT TO A
RULE 201 TEMPORARY HARDSHIP EXEMPTION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
CARTER-WALLACE, INC.
-----------------------------------------
(Name of Issuer)
Common Stock, par value $1.00 per share
-----------------------------------------
(Title of Class of Securities)
146285 10 1
-----------------------------------------
(CUSIP Number)
AND
Class B Common Stock, par value $1.00 per share
-------------------------------------------------
(Title of Class of Securities)
146285 20 0
-----------------------------------------
(CUSIP Number)
*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 the 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).
(Continued on following page(s))
Page 1 of 28 Pages
<PAGE> 2
CUSIP NO. 146285 10 1 13G PAGE 2 OF 28 PAGES
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The CPI Development Corporation
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
This is a joint filing under Rule 13d-1(f)(1) (b) [ X ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The CPI Development Corporation is a Delaware corporation
5 SOLE VOTING POWER
11,754,000
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 11,754,000
8 SHARED DISPOSITIVE POWER
- 0 -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,754,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
34.58%
12 TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 3
CUSIP NO. 146285 10 1 13G PAGE 3 OF 28 PAGES
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Henry H. Hoyt, Jr.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
This is a joint filing under Rule 13d-1(f)(1). (b) [ X ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Henry H. Hoyt, Jr. is a U.S. citizen.
5 SOLE VOTING POWER
237,959 shares
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 11,763,000 shares
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 180,719 shares
8 SHARED DISPOSITIVE POWER
11,763,000 shares
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,000,959 shares
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
Henry H. Hoyt, Jr. disclaims beneficial ownership of 11,763,000 shares
included in Row (9)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
35.25%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 4
CUSIP NO. 146285 10 1 13G PAGE 4 OF 28 PAGES
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Suzanne H. Garcia
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
This is a joint filing under Rule 13d-1(f)(1). (b) [ X ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Suzanne H. Garcia is a U.S. citizen.
5 SOLE VOTING POWER
13,500
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 11,763,000
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 13,500
8 SHARED DISPOSITIVE POWER
11,763,000
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,776,500
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
Suzanne H. Garcia disclaims beneficial ownership of 11,763,000 shares
included in Row (9).
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
34.65%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 5
CUSIP NO. 146285 10 1 13G PAGE 5 OF 28 PAGES
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard L. Cruess, M.D.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
This is a joint filing under Rule 13d-1(f)(1). (b) [ X ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Richard L. Cruess, M.D. is a citizen of Canada.
5 SOLE VOTING POWER
300
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 11,763,000
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 300
8 SHARED DISPOSITIVE POWER
11,763,000
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,763,300
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
Richard L. Cruess, M.D. disclaims beneficial ownership of 11,763,000
shares included in Row (9).
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
34.61%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 6
CUSIP NO. 146285 10 1 13G PAGE 6 OF 28 PAGES
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charles O. Hoyt
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
This is a joint filing under Rule 13d-1(f)(1). (b) [ X ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Charles O. Hoyt is a U.S. citizen.
5 SOLE VOTING POWER
61,566
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 61,566
8 SHARED DISPOSITIVE POWER
- 0 -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
61,566
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.18%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 7
CUSIP NO. 146285 20 0 13G PAGE 7 OF 28 PAGES
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The CPI Development Corporation
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
This is a joint filing under Rule 13d-1(f)(1) (b) [ X ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The CPI Development Corporation is a Delaware corporation.
5 SOLE VOTING POWER
11,754,000
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 11,754,000
8 SHARED DISPOSITIVE POWER
- 0 -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,754,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
94.72%
12 TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 8
CUSIP NO. 146285 20 0 13G PAGE 8 OF 28 PAGES
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Henry H. Hoyt, Jr.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
This is a joint filing under Rule 13d-1(f)(1). (b) [ X ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Henry H. Hoyt, Jr. is a U.S. citizen.
5 SOLE VOTING POWER
22,530 shares
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 11,763,000 shares
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 22,530 shares
8 SHARED DISPOSITIVE POWER
11,763,000 shares
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,785,530
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
Henry H. Hoyt, Jr. disclaims beneficial ownership of 11,763,000 shares
included in Row (9).
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
94.97%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 9
CUSIP NO. 146285 20 0 13G PAGE 9 OF 28 PAGES
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Suzanne H. Garcia
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
This is a joint filing under Rule 13d-1(f)(1). (b) [ X ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Suzanne H. Garcia is a U.S. citizen
5 SOLE VOTING POWER
13,500
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 11,763,000
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 13,500
8 SHARED DISPOSITIVE POWER
11,763,000
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,776,500
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
Suzanne H. Garcia disclaims beneficial ownership of 11,763,000 shares
included in Row (9).
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
94.90%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 10
CUSIP NO. 146285 20 0 13G PAGE 10 OF 28 PAGES
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard L. Cruess, M.D.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
This is a joint filing under Rule 13d-1(f)(1). (b) [ X ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Richard L. Cruess, M.D. is a citizen of Canada.
5 SOLE VOTING POWER
- 300 -
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 11,763,000
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH - 300 -
8 SHARED DISPOSITIVE POWER
11,763,000
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,763,300
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
Richard L. Cruess, M.D. disclaims beneficial ownership of 11,763,000
shares included in Row (9).
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
94.79%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 11
CUSIP NO. 146285 20 0 13G PAGE 11 OF 28 PAGES
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charles O. Hoyt
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
This is a joint filing under Rule 13d-1(f)(1). (b) [ X ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Charles O. Hoyt is a U.S. citizen.
5 SOLE VOTING POWER
22,500
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 22,500
8 SHARED DISPOSITIVE POWER
- 0 -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,500
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.18%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 12
ITEM 1(a) NAME OF ISSUER:
Carter-Wallace, Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1345 Avenue of the Americas
New York, New York 10105
ITEM 2(a) NAME OF PERSON FILING:
Pursuant to the provisions of Rule 13d-1(f)(1) under the
Securities Exchange Act of 1934, this Schedule 13G is being filed on behalf of:
(i) The CPI Development Corporation
(ii) Mr. Henry H. Hoyt, Jr.
(iii) Mrs. Suzanne H. Garcia
(iv) Richard L. Cruess, M.D.
(v) Mr. Charles O. Hoyt
Attached hereto as Exhibit A is the agreement in writing of
each of the above that this Schedule 13G is filed on behalf of each of them.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
(i) The principal business office of The CPI Development
Corporation is:
103 Springer Building
3411 Silverside Road
Wilmington, Delaware 19810
(ii) The principal business office of Messrs. Henry H.
Hoyt, Jr. and Charles O. Hoyt is:
c/o Carter-Wallace, Inc.
1345 Avenue of the Americas
New York, New York 10105
Page 12 of 28 pages
<PAGE> 13
(iii) The residence address of Mrs. Suzanne H. Garcia is:
P.O. Box 5040
Santa Fe, New Mexico 87502
(iv) The principal business office of Richard L. Cruess,
M.D. is:
Centre for Medical Education
Lady Meredith House
1110 Pine Avenue West
Montreal, Q.C., Canada H3A 1A3
ITEM 2(c) CITIZENSHIP:
CPI Development Corporation is a Delaware corporation. All
persons named in response to Item 2(a) are citizens of the United States, except
Dr. Cruess, who is a citizen of Canada.
ITEM 2(d) TITLE OF CLASSES OF SECURITIES:
Common Stock, par value $1.00 per share.
Class B Common Stock, par value $1.00 per share.
ITEM 2(e) CUSIP NUMBERS:
146285 10 1 - Common Stock
146285 20 0 - Class B Common Stock
ITEM 3 Not applicable.
ITEM 4 OWNERSHIP
(a) Amount beneficially owned:
At December 31, 1996, The CPI Development Corporation ("CPI")
beneficially owned 11,754,000 shares of Common Stock, par value $1.00 per share
(the "Common Stock"), of Carter-Wallace, Inc. ("Carter-Wallace") and 11,754,000
shares of Class B Common Stock, par value $1.00 per share (the "Class B Common
Stock"), of Carter-Wallace. The directors of CPI are Henry H. Hoyt, Jr., Suzanne
H. Garcia and Richard L. Cruess, M.D.
Page 13 of 28 pages
<PAGE> 14
The following table shows the ownership of the voting stock of
CPI (i.e., Class C Common Stock) by the persons (other than CPI) named in
response to Item 2(a):
<TABLE>
<CAPTION>
Number of Shares of
Shareholder Name Class C Common Percent of Class C
and Address Stock of CPI Common Stock of CPI
- ---------------------------------------------------------------------------------
<S> <C> <C>
Henry H. Hoyt, Jr., 327.3 25.1%
Suzanne Hoyt
Garcia & Richard L.
Cruess, as Trustees under
Paragraph 1 of agreement
dated 5/24/84, as amended,
Henry H. Hoyt, Grantor,
c/o Marshall M. Green -
Carter-Wallace, Inc., 1345
Avenue of the Americas,
New York, NY 10105
Henry H. Hoyt, Jr., 304 23.3%
Suzanne Hoyt
Garcia & Richard L.
Cruess, Trustees u/w Kate
Good Orcutt, c/o Marshall
M. Green - Carter-Wallace,
Inc., 1345 Avenue of the
Americas, New York, NY
10105
Henry H. Hoyt, Jr., 137 10.5%
Suzanne Hoyt
Garcia & Richard L.
Cruess, Successor Trustees
u/i dated 5/29/44 f/b/o
Anna Orcutt Hoyt, et al.,
c/o Marshall M. Green -
Carter-Wallace, Inc., 1345
Avenue of the Americas,
New York, NY 10105
Henry H. Hoyt, Jr. & 109.1 8.4%
Muriel Christie Hoyt,
Trustees u/a dated
4/24/75, f/b/o Henry H.
Hoyt, Jr., 59 Fairfield
Drive, Short Hills, NJ
07078
</TABLE>
Page 14 of 28 pages
<PAGE> 15
<TABLE>
<CAPTION>
Number of Shares of
Shareholder Name Class C Common Percent of Class C
and Address Stock of CPI Common Stock of CPI
- ---------------------------------------------------------------------------------
<S> <C> <C>
Marshall M. Green, Trustee 109.1 8.4%
under Agreement dated
August 31, 1988, Charles
O. Hoyt, Grantor, c/o
Marshall M. Green -
Carter-Wallace, Inc., 1345
Avenue of the Americas,
New York, NY 10105
The Suzanne Hoyt Garcia 109.1 8.4%
Revocable Trust u/a July
27, 1995, The Santa Fe
Ranch, P.O. Box 5040 Santa
Fe, NM 87502
Merrill Lynch, Pierce, 60.4 4.6%
Fenner & Smith, Inc., FAO
Gloria Kirschner-Orcutt,
#810-96351, 1500 Lincoln
First Square, Rochester,
NY 14604
Henry H. Hoyt, Jr., 50 3.8%
Charles O. Hoyt & Suzanne
H. Garcia, Trustees u/a
dated February 29, 1988,
Anna O. Hoyt, Grantor,
Henry H. Hoyt, Jr. share,
c/o Marshall M. Green -
Carter-Wallace, Inc., 1345
Avenue of the Americas,
New York, NY 10105
Henry H. Hoyt, Jr., 50 3.8%
Charles O. Hoyt & Suzanne
H. Garcia, Trustees u/a
dated February 29, 1988,
Anna O. Hoyt, Grantor,
Charles O. Hoyt share, c/o
Marshall M. Green -
Carter-Wallace, Inc., 1345
Avenue of the Americas,
New York, NY 10105
</TABLE>
Page 15 of 28 pages
<PAGE> 16
<TABLE>
<CAPTION>
Number of Shares of
Shareholder Name Class C Common Percent of Class C
and Address Stock of CPI Common Stock of CPI
- ---------------------------------------------------------------------------------
<S> <C> <C>
Henry H. Hoyt, Jr., 50 3.8%
Charles O. Hoyt & Suzanne
H. Garcia, Trustees u/a
dated February 29, 1988,
Anna O. Hoyt, Grantor,
Suzanne H. Garcia share,
c/o Marshall M. Green -
Carter-Wallace, Inc., 1345
Avenue of the Americas,
New York, NY 10105
Total Shares 1,306
</TABLE>
The following table shows the beneficial ownership (other than
indirect beneficial ownership through CPI shown in the preceding table) of
shares of Common Stock and Class B Common Stock by the persons (other than CPI)
named in response to Item 2(a):
<TABLE>
<CAPTION>
Number of Shares Number of Shares
of Carter-Wallace of Carter-Wallace
Name Common Stock Class B Common Stock
---- ----------------- --------------------
<S> <C> <C>
Henry H. Hoyt, Jr 246,959 31,530
Suzanne H. Garcia 22,500 22,500
Richard L. Cruess, 9,300 9,300
M.D
Charles O. Hoyt 61,566 22,500
</TABLE>
(b) Percent of Class:
The shares of Carter-Wallace Common Stock described in
response to Item 4(a) amount to approximately 35.53% of the number of such
shares outstanding on December 31, 1996.
The shares of Carter-Wallace Class B Common Stock described in
response to Item 4(a) amount to approximately 95.26% of the number of such
shares outstanding on December 31, 1996.
(c) The following tables sets forth, for the persons named in
response to Item 2(a), the number of shares of each of Common Stock and Class B
Common Stock as to which such person has (A) sole power to vote or to direct the
vote, (B) shared power to vote or to direct the vote, (C)
Page 16 of 28 pages
<PAGE> 17
sole power to dispose or to direct the disposition of, or (D) shared power to
dispose or to direct the disposition of:
<TABLE>
<CAPTION>
Power to vote or Power to dispose or to
to direct the vote direct the disposition
of Common Stock of Common Stock
------------------ ----------------------
Name Sole Shared Sole Shared
---- ---- ------ ---- ------
<S> <C> <C> <C> <C>
CPI 11,754,000 0 11,754,000 0
Henry H. Hoyt, Jr 237,959 11,763,000(1) 180,719 11,763,000(1)
Suzanne H. Garcia 13,500 11,763,000(1) 13,500 11,763,000(1)
Richard L. Cruess, 300 11,763,000(1) 300 11,763,000(1)
M.D
Charles O. Hoyt 61,566 0 61,566 0
</TABLE>
<TABLE>
<CAPTION>
Power to vote or Power to dispose or to
to direct the vote direct the disposition
of Class B Common Stock of Class B Common Stock
----------------------- -----------------------
Name Sole Shared Sole Shared
---- ---- ------ ---- ------
<S> <C> <C> <C> <C>
CPI 11,754,000 0 11,754,000 0
Henry H. Hoyt, Jr 22,530 11,763,000(1) 22,530 11,763,000(1)
Suzanne H. Garcia 13,500 11,763,000(1) 13,500 11,763,000(1)
Richard L. Cruess, 300 11,763,000(1) 300 11,763,000(1)
M.D
Charles O. Hoyt 22,500 0 22,500 0
</TABLE>
(1) Includes 11,754,000 shares of each of Common Stock and
Class B Common Stock owned by CPI as to which such person, as a
stockholder or a director of CPI, may be deemed to share voting power
and the power of disposition. Also includes 9,000 shares of each of
Common Stock and Class B Common Stock held in trust under the will of
Kate Good Orcutt; Henry H. Hoyt, Jr. and Suzanne H. Garcia are trustees
and beneficiaries of the trust and Richard L. Cruess, M.D. is a trustee
of the trust. Henry H. Hoyt, Jr., Suzanne H. Garcia and Richard L.
Cruess, M.D. disclaim beneficial ownership of the shares of Common
Stock or Class B Common Stock owned by CPI or such trust.
Page 17 of 28 pages
<PAGE> 18
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
This statement is being filed to report, among other things,
that Charles O. Hoyt has ceased to be the beneficial owner of more than five
percent of the Common Stock or Class B Common Stock.
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON
No other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
the shares of Common Stock, except that substantially all dividends on the
Common Stock owned by CPI are payable to the holders of CPI's 6% First Preferred
Stock, 4% Second Preferred Stock and 8% Third Preferred Stock. The holders of
CPI's Class C (voting) and Class B (non-voting) Common Stock have no right to
receive the proceeds of dividends paid on the Common Stock until the
preferential dividends on CPI's 6% First Preferred Stock, 4% Second Preferred
Stock and 8% Third Preferred Stock are paid in full.
The following table sets forth the ownership of CPI's 6% First
Preferred Stock, 4% Second Preferred Stock, 8% Third Preferred Stock and
Class B Common Stock:
<TABLE>
<CAPTION>
Number of Number of Number of Number of
Shares of Shares of Shares of Shares of
6% First 4% Second 8% Third Class B
Shareholder Name Preferred Preferred Preferred Common
and Address Stock Stock Stock Stock
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Henry H. Hoyt, Jr., 4,979 151,379
Suzanne Hoyt
Garcia & Richard L.
Cruess, as Trustees
under agreement dated
5/24/84, f/b/o Henry
H. Hoyt, et al., c/o
Marshall M. Green -
Carter-Wallace, Inc.,
1345 Avenue of the
Americas, New York,
NY 10105
</TABLE>
Page 18 of 28 pages
<PAGE> 19
<TABLE>
<CAPTION>
Number of Number of Number of Number of
Shares of Shares of Shares of Shares of
6% First 4% Second 8% Third Class B
Shareholder Name Preferred Preferred Preferred Common
and Address Stock Stock Stock Stock
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Henry H. Hoyt, Jr., 99,826.5
Suzanne Hoyt
Garcia & Richard L.
Cruess, as Trustees
under Paragraph 1 of
agreement dated
5/24/84, as amended,
Henry H. Hoyt,
Grantor, c/o Marshall
M. Green - Carter-
Wallace, Inc., 1345
Avenue of the
Americas, New York,
NY 10105
Henry H. Hoyt, Jr., 22,496 132,544 927,200 2,736
Suzanne Hoyt
Garcia & Richard L.
Cruess, Trustees u/w
Kate Good Orcutt, c/o
Marshall M. Green -
Carter-Wallace, Inc.,
1345 Avenue of the
Americas, New York,
NY 10105
Henry H. Hoyt, Jr., 11,100 65,400 457,500 1,363
Suzanne Hoyt
Garcia & Richard L.
Cruess, Successor
Trustees u/i dated
5/29/44 f/b/o Anna
Orcutt Hoyt, et al.,
c/o Marshall M. Green
- - Carter-Wallace,
Inc., 1345 Avenue of
the Americas, New
York, NY 10105
Henry H. Hoyt, Jr. & 219.6 24,503.25 161,985.5 422
Muriel Christie Hoyt,
Trustees u/a dated
4/24/75, f/b/o Henry
H. Hoyt, Jr., 59
Fairfield Drive,
Short Hills, NJ 07078
</TABLE>
Page 19 of 28 pages
<PAGE> 20
<TABLE>
<CAPTION>
Number of Number of Number of Number of
Shares of Shares of Shares of Shares of
6% First 4% Second 8% Third Class B
Shareholder Name Preferred Preferred Preferred Common
and Address Stock Stock Stock Stock
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Marshall M. Green, 3,039.6 24,503.25 161,985.5 422
Trustee under
Agreement dated
August 31, 1988,
Charles O. Hoyt,
Grantor, c/o Marshall
M. Green - Carter-
Wallace, Inc., 1345
Avenue of the
Americas, New York,
NY 10105
The Suzanne Hoyt 1,000 33,275.5
Garcia Revocable
Trust u/a July 27,
1995, The Santa Fe
Ranch, P.O. Box 5040,
Santa Fe, NM 87502
Merrill Lynch, 4,469.6 26,334 184,220 543.6
Pierce, Fenner &
Smith, Inc., FAO
Gloria Kirschner-
Orcutt, #810-96351,
1500 Lincoln First
Square, Rochester, NY
14604
Henry H. Hoyt, Jr., 15,250
Charles O. Hoyt &
Suzanne H. Garcia,
Trustees u/a dated
February 29, 1988,
Anna O. Hoyt,
Grantor, Henry H.
Hoyt, Jr. share, c/o
Marshall M. Green -
Carter-Wallace, Inc.,
1345 Avenue of the
Americas, New York,
NY 10105
</TABLE>
Page 20 of 28 pages
<PAGE> 21
<TABLE>
<CAPTION>
Number of Number of Number of Number of
Shares of Shares of Shares of Shares of
6% First 4% Second 8% Third Class B
Shareholder Name Preferred Preferred Preferred Common
and Address Stock Stock Stock Stock
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Henry H. Hoyt, Jr., 15,250
Charles O. Hoyt &
Suzanne H. Garcia,
Trustees u/a dated
February 29, 1988,
Anna O. Hoyt,
Grantor, Charles O.
Hoyt share, c/o
Marshall M. Green -
Carter-Wallace, Inc.,
1345 Avenue of the
Americas, New York,
NY 10105
Henry H. Hoyt, Jr., 15,250
Charles O. Hoyt &
Suzanne H. Garcia,
Trustees u/a dated
February 29, 1988,
Anna O. Hoyt,
Grantor, Suzanne H.
Garcia share, c/o
Marshall M. Green -
Carter-Wallace, Inc.,
1345 Avenue of the
Americas, New York,
NY 10105
Henry H. Hoyt, Jr. & 859,307 2,817.4
Suzanne H. Garcia,
Trustees u/i Henry H.
Hoyt dated 6/17/64,
c/o Marshall M. Green
- - Carter-Wallace,
Inc., 1345 Avenue of
the Americas, New
York, NY 10105
</TABLE>
Page 21 of 28 pages
<PAGE> 22
<TABLE>
<CAPTION>
Number of Number of Number of Number of
Shares of Shares of Shares of Shares of
6% First 4% Second 8% Third Class B
Shareholder Name Preferred Preferred Preferred Common
and Address Stock Stock Stock Stock
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Henry H. Hoyt, Jr., 11,269 66,395 234,493 768
Charles O. Hoyt &
Suzanne H. Garcia,
Trustees under
Agreement dated
December 28, 1988 for
the benefit of Henry
H. Hoyt, c/o Marshall
M. Green - Carter-
Wallace, Inc., 1345
Avenue of the
Americas, New York,
NY 10105
Dengel & Co., a/c 13- 15,185 9,636 186,660 612
6066948, c/o
Fiduciary Trust Co.
of NY, P.O. Box 3199,
Church Street
Station, New York, NY
10008
William A. Simmons, 3,469.6 26,334.25 184,220 604
Beth R. Davenport &
Elizabeth W. Woods,
Trustees u/i dated
11/8/66, c/o William
A. Simmons, 1901
Calle De Sabastion,
Santa Fe, NM 87501
Henry H. Hoyt, Jr. & 184,220 604
Suzanne H. Garcia,
Trustees u/i Anna
Orcutt Hoyt dated
6/17/64, c/o Marshall
M. Green - Carter-
Wallace, Inc., 1345
Avenue of the
Americas, New York,
NY 10105
</TABLE>
Page 22 of 28 pages
<PAGE> 23
<TABLE>
<CAPTION>
Number of Number of Number of Number of
Shares of Shares of Shares of Shares of
6% First 4% Second 8% Third Class B
Shareholder Name Preferred Preferred Preferred Common
and Address Stock Stock Stock Stock
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Marshall M. Green, 42,700 140
Trustee u/i Henry H.
Hoyt Jr., dated
9/10/64, c/o Marshall
M. Green - Carter-
Wallace, Inc., 1345
Avenue of the
Americas, New York,
NY 10105
Henry H. Hoyt, Jr. & 42,700 140
Marshall M. Green,
Trustees u/i Charles
O. Hoyt dated
8/14/64, c/o Marshall
M. Green - Carter-
Wallace, Inc., 1345
Avenue of the
Americas, New York,
NY 10105
The Hoyt Foundation, 12,401 17,048
c/o Marshall M. Green
- - Carter-Wallace,
Inc., 1345 Avenue of
the Americas, New
York, NY 10105
Columbia Presbyterian 1,000
Medical Center Fund,
Inc., Att: Robert
Feldman, Executive
Director, 100 Haven
Avenue, New York, NY
10032
Preventive Medicine 1,000
Institute Strang
Clinic, Inc., Att:
Dr. Daniel Miller,
Chief Executive
Officer, 428 East
72nd St., New York,
NY 10021
</TABLE>
Page 23 of 28 pages
<PAGE> 24
<TABLE>
<CAPTION>
Number of Number of Number of Number of
Shares of Shares of Shares of Shares of
6% First 4% Second 8% Third Class B
Shareholder Name Preferred Preferred Preferred Common
and Address Stock Stock Stock Stock
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pingry Corporation, 715
c/o Mr. Anthony
Carro, Pingry School,
Short Hills Campus,
Country Day Drive,
Short Hills, NJ 07078
Total Shares 92,343.4 544,076.75 3,806,043 11,172
</TABLE>
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED OR 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 24 of 28 pages
<PAGE> 25
SIGNATURES
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.
THE CPI DEVELOPMENT CORPORATION
Date: February 13, 1997 By: /s/ Henry H. Hoyt, Jr.
---------------------------
Henry H. Hoyt, Jr.
President
Date: February 13, 1997 /s/ Richard L. Cruess, M.D.
-------------------------------
Richard L. Cruess, M.D.
Date: February 13, 1997 /s/ Suzanne H. Garcia
-------------------------------
Suzanne H. Garcia
Date: February 13, 1997 /s/ Marshall M. Green
-------------------------------
Charles O. Hoyt, by Marshall
M. Green, Attorney-in-Fact
Date: February 13, 1997 /s/ Henry H. Hoyt, Jr.
-------------------------------
Henry H. Hoyt, Jr.
Page 25 of 28 pages
<PAGE> 26
EXHIBIT A
The undersigned hereby agree to file one statement on Schedule
13G to report ownership as of December 31, 1996 of stock of Carter-Wallace,
Inc., and agree that Amendment No. 8 to the statement on Schedule 13G to which
this Agreement is attached as Exhibit A is filed on behalf of each of the
undersigned.
THE CPI DEVELOPMENT CORPORATION
By: /s/ Henry H. Hoyt, Jr.
---------------------------
Henry H. Hoyt, Jr.
President
/s/ Richard L. Cruess, M.D.
-------------------------------
Richard L. Cruess, M.D.
/s/ Suzanne H. Garcia
-------------------------------
Suzanne H. Garcia
/s/ Marshall M. Green
-------------------------------
Charles O. Hoyt, by Marshall
M. Green, Attorney-in-Fact
/s/ Henry H. Hoyt, Jr.
-------------------------------
Henry H. Hoyt, Jr.
Page 26 of 28 pages
<PAGE> 27
KNOW ALL MEN BY THESE PRESENTS, which are intended to constitute a
GENERAL POWER OF ATTORNEY pursuant to Article 5, Title 15 of the New York
General Obligations Law:
That I CHARLES O. HOYT, 565 Park Avenue, New York, New York 10020
(insert name and address of the principal)
do hereby appoint
(Insert name and address of the agent, or each
agent, if more than one is designated)
MARSHALL M. GREEN, ESQ.
LeBoeuf, Lamb, Leiby & MacRae
520 Madison Avenue
New York, New York 10022
my attorney(s)-in-fact TO ACT
In my name, place and stead in any way which I myself could do, if I
were personally present, with respect to the following matters as each of them
is defined in Title 15 of Article 5 of the New York General Obligations Law to
the extent that I am permitted by law to act through an agent:
[Strike out and initial in the opposite box any one or more of the
subdivisions as to which the principal does NOT desire to give the agent
authority. Such elimination of any one or more of subdivisions (A) to (L),
inclusive, shall automatically constitute an elimination also of subdivision
(M).]
TO STRIKE OUT ANY SUBDIVISION THE PRINCIPAL MUST DRAW A LINE THROUGH
THE TEXT OF THAT SUBDIVISION AND WRITE HIS INITIALS IN THE BOX OPPOSITE.
(A) real estate transactions;...................[ ]
(B) chattel and goods transactions;.............[ ]
(C) bond, share and commodity transactions;.....[ ]
(D) banking transactions;.......................[ ]
(E) business operating transactions;............[ ]
(F) insurance transactions;.....................[ ]
(G) estate transactions;........................[ ]
(H) claims and litigation;......................[ ]
(I) personal relationships and affairs;.........[ ]
(J) benefits from military service;.............[ ]
(K) records, reports and statements;............[ ]
(L) full and unqualified authority to my
attorney(s)-in-fact to delegate any or all
of the foregoing powers to any person or
persons whom my attorney(s)-in-fact
shall select;...............................[ ]
(M) all other matters;..........................[ ]
Page 27 of 28 pages
[Special provisions and limitations may be included in the statutory short form
power of attorney only if they conform to the requirements of section 5-1503 of
the New York General Obligations Law.]
<PAGE> 28
This power of attorney shall not be affected by the subsequent
disability or incompetence of the principal.
To induce any third party to act hereunder, I hereby agree that any
third party receiving a duly executed copy or facsimile of this instrument may
act hereunder, and that revocation or termination hereof shall be ineffective
as to such third party unless and until actual notice or knowledge of such
revocation shall have been received by such third party, and I for myself and
for my heirs, executors, legal representatives and assigns, hereby agree to
indemnify and hold harmless any such third party from and against any and all
claims that may arise against such third party by reason of such third party
having relied on the provisions of this instrument.
IN WITNESS WHEREOF, I have hereunto signed my name and affixed my seal
this 20th day of January, 1986.
---- ------- ----
/s/ Charles O. Hoyt (Seal)
------------------------
(Signature of Principal)
STATE OF NEW YORK COUNTY OF NEW YORK SS.:
On the 20th day of January 1986 before me personally came
Charles O. Hoyt
to me known, and known to me to be the individual described in, and who
executed the foregoing instrument, and he acknowledged to me that he executed
the same.
/s/ Mary Ann Schellati
----------------------------
MARY ANN SCHELLATI
Notary Public, State of New York
No. 60-4831110
Qualified in Westchester County
Certificate Filed in New York County
Commission Expires March 30, 1987
Page 28 of 28 pages
