<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
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 24 Pages
<PAGE> 2
CUSIP NO. 146285 10 1 13G PAGE 2 OF 24 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
35.14%
12 TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 3
CUSIP NO. 146285 10 1 13G PAGE 3 OF 24 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
273,299 shares
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 11,763,000 shares
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 273,299 shares
8 SHARED DISPOSITIVE POWER
11,763,000 shares
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,036,299 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
35.83%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 4
CUSIP NO. 146285 10 1 13G PAGE 4 OF 24 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
10,800
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 11,763,000
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 10,800
8 SHARED DISPOSITIVE POWER
11,763,000
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,773,800
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
35.20%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 5
CUSIP NO. 146285 10 1 13G PAGE 5 OF 24 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
35.17%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 6
CUSIP NO. 146285 20 0 13G PAGE 6 OF 24 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
95.12%
12 TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 7
CUSIP NO. 146285 20 0 13G PAGE 7 OF 24 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
95.38%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 8
CUSIP NO. 146285 20 0 13G PAGE 8 OF 24 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
13,800
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 11,763,000
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 13,800
8 SHARED DISPOSITIVE POWER
11,763,000
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,776,800
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
95.31%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 9
CUSIP NO. 146285 20 0 13G PAGE 9 OF 24 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
95.20%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 10
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.
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 Mr. Henry H.
Hoyt, Jr. is:
c/o Carter-Wallace, Inc.
1345 Avenue of the Americas
New York, New York 10105
Page 10 of 24 pages
<PAGE> 11
(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, 1997, 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 11 of 24 pages
<PAGE> 12
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 12 of 24 pages
<PAGE> 13
<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,
#427-25682, 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 13 of 24 pages
<PAGE> 14
<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. 282,299 31,530
Suzanne H. Garcia 19,800 22,800
Richard L. Cruess, 9,300 9,300
M.D
</TABLE>
(b) Percent of Class:
The shares of Carter-Wallace Common Stock described in
response to Item 4(a) amount to approximately 36.07% of the number of such
shares outstanding on December 31, 1997.
The shares of Carter-Wallace Class B Common Stock described in
response to Item 4(a) amount to approximately 95.63% of the number of such
shares outstanding on December 31, 1997.
(c) The following tables set 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 14 of 24 pages
<PAGE> 15
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. 273,299 11,763,000(1) 273,299 11,763,000(1)
Suzanne H. Garcia 10,800 11,763,000(1) 10,800 11,763,000(1)
Richard L. Cruess, 300 11,763,000(1) 300 11,763,000(1)
M.D
</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 13,800 11,763,000(1) 13,800 11,763,000(1)
Richard L. Cruess, 300 11,763,000(1) 300 11,763,000(1)
M.D
</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 15 of 24 pages
<PAGE> 16
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
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>
</TABLE>
Page 16 of 24 pages
<PAGE> 17
<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., 2,489 75,689 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
Anna O. Hoyt 2,490 75,690
Revocable Trust -
Trust Before
Division, 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 17 of 24 pages
<PAGE> 18
<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, #427-25682,
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 18 of 24 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., 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 19 of 24 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>
Anna O. Hoyt, Trust 3,756 22,132 78,164 256
u/a dtd December 28,
1988 f/b/o Henry H.
Hoyt, Jr. et al., c/o
Marshall M. Green -
Carter-Wallace, Inc.,
1345 Avenue of the
Americas, New York,
NY 10105.
Anna O. Hoyt, Trust 3,756 22,132 78,165 256
u/a dtd December 28,
1988 f/b/o Charles O.
Hoyt et al., c/o
Marshall M. Green -
Carter-Wallace, Inc.,
1345 Avenue of the
Americas, New York,
NY 10105
Anna O. Hoyt, Trust 3,757 22,131 78,164 256
u/a dtd December 28,
1988 f/b/o Suzanne H.
Garcia et al., 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 20 of 24 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>
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 21 of 24 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>
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 22 of 24 pages
<PAGE> 23
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 17, 1998 By: /s/ Henry H. Hoyt, Jr.
---------------------------
Henry H. Hoyt, Jr.
President
Date: February 17, 1998 /s/ Richard L. Cruess, M.D.
-------------------------------
Richard L. Cruess, M.D.
Date: February 17, 1998 /s/ Suzanne H. Garcia
-------------------------------
Suzanne H. Garcia
Date: February 17, 1998 /s/ Henry H. Hoyt, Jr.
-------------------------------
Henry H. Hoyt, Jr.
Page 23 of 24 pages
<PAGE> 24
EXHIBIT A
The undersigned hereby agree to file one statement on Schedule
13G to report ownership as of December 31, 1997 of stock of Carter-Wallace,
Inc., and agree that Amendment No. 9 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/ Henry H. Hoyt, Jr.
-------------------------------
Henry H. Hoyt, Jr.
Page 24 of 24 pages
