SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G Under
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under The Securities Exchange Act of 1934
(Amendment No. )
Sylvan Inc.
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(Name Of Issuer)
Common Par
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(Title of Class of Securities)
871371100
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(Cusip Number)
(Continued on the following page(s))
Page 1 of 6 Pages
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CUSIP No. 871371100 13G Page 2 of 6 Pages
Sylvan Inc.
1 NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON.
The Chase Manhattan Corporation - CMC
The Chase Manhattan Bank - CMB
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A)
(B)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The Chase Manhattan Corporation - Delaware
The Chase Manhattan Bank - New York
NUMBER 5 SOLE VOTING POWER
OF CMC - 278,200
SHARES CMB - 278,200
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY CMC - 11,100
CMB - 11,100
EACH 7 SOLE DISPOSITIVE POWER
REPORTING CMC - 293,950
PERSON CMB - 293,950
WITH 8 SHARED DISPOSITIVE POWER
CMC - 26,700
CMB - 26,700
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
CMC - 320,650
CMB - 320,650
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
CMC - 5.043%
CMB - 5.043%
12 TYPE OF PERSON REPORTING*
CMC - HC
CMB - BK
* SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a). Name of Issuer: Sylvan Inc.
Item 1(b). Address of Issuer's:
Offices
Item 2(a). Name of Person Filing: This notice is filed by The
Chase Manhattan Corporation
(CMC) and its wholly owned
subsidiary, The Chase Manhattan
Bank (CMB )
Item 2(b). Address of Principal Business CMC: 270 Park Avenue
Office: New York, NY 10017
CMB: 270 Park Avenue
New York, NY 10017
Item 2(c). Citizenship: CMC - Delaware
CMB - New York
Item 2(d). Title of Class of Securities: Common Par
Item 2(e). CUSIP Number: 871371100
Page 3 of 6
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Sylvan Inc.
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) |_| Broker or dealer registered under Section 15 of the Act.
(b) |X| Bank as defined in Section 3(a)(6) of the Act.
(c) |_| Insurance Company as defined in Section 3(a)(19) of the Act.
(d) |_| Investment Company registered under Section 8 of the
Investment Company Act.
(e) |_| Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
(f) |_| Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or endowment Fund [see Section 240.13d-1(b)(1)(ii)(F)].
(g) |X| Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G).
(h) |_| Group, in accordance with Section 240.13d-1(ii)(H).
Item 4. Ownership:
(a) Amount Beneficially Owned: CMC - 320,650
As of December 31, 1997 CMB - 320,650
(b) Percent of Class: CMC - 5.043%
CMB - 5.043%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
CMC - 278,200
CMB - 278,200
(ii) Shared power to vote or to direct the vote:
CMC - 11,100
CMB - 11,100
Page 4 of 6
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Sylvan Inc.
(iii) Sole power to dispose or to direct the disposition of:
CMC - 293,950
CMB - 293,950
(iv) Shared power to dispose or to direct the disposition of:
CMC - 26,700
CMB - 26,700
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:
The beneficial interest reported has been acquired through fiduciary
relationships. Beneficial ownership of portions of the shares reported is shared
with unaffiliated persons, none of whose beneficial ownership in the subject
shares exceeds five percent of the issuers outstanding shares
Item 7. Identification and Classification of the Subsidiary Which Holds the
Security Being Reported on by the Parent Holding Company:
Pursuant to Rule 13(d) - 1 (c): This notice is filed on behalf of both
CMC and its subsidiary, CMB. In lieu of attaching an exhibit hereto, the
identity of CMB is as set forth on the cover page hereof. CMB 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.
Page 5 of 6
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Sylvan Inc.
Item 10. Certification:
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and did
not have the effect of changing or influencing the control of the
issuer of such securities and were not acquired in connection with or
as a participant in any transaction having such purpose or effect.
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 12, 1998
The Chase Manhattan Bank THE CHASE MANHATTAN CORPORATION
/s/ Allan Nemethy /s/ Anthony J. Horan
- ------------------------ --------------------------------
Allan Nemethy Anthony J. Horan
Trust Officer Corporate Secretary
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