UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 17)*
CULBRO CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock $1.00 Par Value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
299890108
---------------------------------------------------------------
(CUSIP Number)
Edgar M. Cullman
387 Park Avenue South
New York, New York 10016 (212) 561-8700
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
July 14, 1997
---------------------------------------------------------------
(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 |_|.
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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
disclosures provided in a prior cover page.
The information required on 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).
<PAGE>
SCHEDULE 13D
- --------------------------------- ---------------------------------
CUSIP No. 299890108 Page 2 of 36 Pages
- --------------------------------- ---------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edgar M. Cullman
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|X|
See Item 6 and Insert 1
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
No shares acquired personally.
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 111,138
SHARES ------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 848,776
REPORTING ------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
111,138
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
848,776
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
111,138
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.44
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 299890108 Page 3 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Louise B. Cullman
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 103,410
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 724,337
Person --------------------------------------------------------
With 9 Sole Dispositive Power
103,410
--------------------------------------------------------
10 Shared Dispositive Power
724,337
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
103,410
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
2.27
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 299890108 Page 4 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Edgar M. Cullman, Jr.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 136,510
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 740,090
Person --------------------------------------------------------
With 9 Sole Dispositive Power
136,510
--------------------------------------------------------
10 Shared Dispositive Power
740,090
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
121,310
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
2.66
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 299890108 Page 5 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Elissa F. Cullman
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 17,000
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 55,200
Person --------------------------------------------------------
With 9 Sole Dispositive Power
17,000
--------------------------------------------------------
10 Shared Dispositive Power
55,200
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
17,000
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
.37
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 299890108 Page 6 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Susan R. Cullman
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 87,765
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 673,642
Person --------------------------------------------------------
With 9 Sole Dispositive Power
87,765
--------------------------------------------------------
10 Shared Dispositive Power
673,642
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
87,765
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
1.93
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 299890108 Page 7 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Lucy C. Danziger
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 81,842
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 953,022
Person --------------------------------------------------------
With 9 Sole Dispositive Power
81,842
--------------------------------------------------------
10 Shared Dispositive Power
953,022
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
81,842
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
1.80
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 299890108 Page 8 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Frederick M. Danziger
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 16,542
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 147,578
Person --------------------------------------------------------
With 9 Sole Dispositive Power
16,542
--------------------------------------------------------
10 Shared Dispositive Power
147,578
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
16,542
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
0.36
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 299890108 Page 9 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
David M. Danziger
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 41,548
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 Sole Dispositive Power
41,548
--------------------------------------------------------
10 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
41,548
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
0.91
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 299890108 Page 10 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Carolyn S. Fabrici
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 23,858
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 118,952
Person --------------------------------------------------------
With 9 Sole Dispositive Power
23,858
--------------------------------------------------------
10 Shared Dispositive Power
118,952
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
23,858
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
0.52
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 299890108 Page 11 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
John L. Ernst
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 7,250
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 411,321
Person --------------------------------------------------------
With 9 Sole Dispositive Power
7,250
--------------------------------------------------------
10 Shared Dispositive Power
411,321
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
6,000
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
0.13
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 299890108 Page 11 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Margot P. Ernst
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 0
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 20,315
Person --------------------------------------------------------
With 9 Sole Dispositive Power
0
--------------------------------------------------------
10 Shared Dispositive Power
20,315
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
0
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
0.00
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 299890108 Page 13 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Alexandra Ernst
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 1,548
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 88,137
Person --------------------------------------------------------
With 9 Sole Dispositive Power
1,548
--------------------------------------------------------
10 Shared Dispositive Power
88,137
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
1,548
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
0.03
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 299890108 Page 14 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
B. Bros. Realty Limited Partnership
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 233,792
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 Sole Dispositive Power
233,792
--------------------------------------------------------
10 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
233,792
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
5.13
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 299890108 Page 15 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Matthew L. Ernst
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 1,250
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 Sole Dispositive Power
1,250
--------------------------------------------------------
10 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
1,250
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
.03
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 299890108 Page 16 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Rebecca D. Gamzon
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 30,946
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 Sole Dispositive Power
30,946
--------------------------------------------------------
10 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
30,946
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
0.68
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 299890108 Page 17 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Edgar M. Cullman III
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 18,794
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 Sole Dispositive Power
18,794
--------------------------------------------------------
10 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
18,794
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
.41
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------- -------------------------------
CUSIP No. 299890108 Page 18 of 36 Pages
- ---------------------------- -------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Caroline B. Sicher
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
See Item 6 and Insert 1 b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
No funds were used to acquire the shares (see Item 4)
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 21,422
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 Sole Dispositive Power
21,422
--------------------------------------------------------
10 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
21,422
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
.47
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 19 of 36 Pages
SCHEDULE 13D ITEMS
The original filing to which this Amendment No. 17 relates was dated
December 8, 1971 and was amended by Amendment on Form 8 dated April 30, 1973, by
Amendment No. 2 dated February 16, 1978, by Amendment No. 3 dated August 5,
1980, by Amendment No. 4 dated July 20, 1981, by Amendment No. 5 dated April 18,
1984, by Amendment No. 6 dated February 14, 1985, by Amendment No. 7 dated
February 3, 1986, by Amendment No. 8 dated November 26, 1986, by Amendment No. 9
dated December 15, 1987, by Amendment No. 10 dated March 1, 1989, by Amendment
No. 11 dated May 28, 1989, by Amendment No. 12 dated January 31, 1990, by
Amendment No. 13 dated October 2, 1991, by Amendment No. 14 dated January 30,
1995, by Amendment No. 15 dated January 1996 and by Amendment No. 16 dated March
16, 1996.
Item 1. Security and Issuer
This Schedule relates to the Common Stock, $1.00 par value (the
"Common Stock"), of Culbro Corporation (the "Issuer"), a New York corporation,
having its principal executive offices at 387 Park Avenue South, New York, New
York 10016 and is being filed by the persons identified in Item 2 below.
Item 2. Identity and Background
See Insert 1 attached hereto.
None of the persons filing this Schedule has been convicted in a
criminal proceeding (other than for traffic violations or similar misdemeanors)
during the past 5 years or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violations with respect to
such laws. All individuals are citizens of the United States and all trusts,
partnerships and corporations are organized or formed under the laws of the
United States.
Item 3. Source and Amount of Funds or Other Consideration
No new shares of the Common Stock referred to in Insert 1 have been
purchased since March 1996. As previously reported, certain of the shares of
Common Stock are pledged as collateral for loans from Chase Bank. This Amendment
reflects transfers to a beneficiary from trusts and a custodian account and
gifts of stock to a foundation and to individuals reported hereunder from
another reporting person.
Item 4. Purpose of Transaction
No shares have been acquired by the reporting group by purchase from
non- members of the reporting group since January 1996. No plans, other than
those previously disclosed, are contemplated by the persons filing this
Schedule. This Amendment No. 17 is
<PAGE>
Page 20 of 36 Pages
made to update information regarding the holdings of members of the reporting
group as a result of the transfers described in Item 3.
Item 5. Interest in Securities of the Issuer
See Insert 1 hereto and cover pages.
Voting power and power to direct disposition of securities is shared
by trustees of each of the trusts referred to in Item 2 as set forth on Insert
1. The officers and directors of the Samuel J. Bloomingdale Foundation, Inc.,
the Susan B. and Richard C. Ernst Foundation, Inc. and Louise B. and Edgar M.
Cullman Foundation, Inc. and the trustees of charitable trust created by Justus
Heijmans (collectively, the "Foundations") referred to in Insert 1 as set forth
on Insert 1 hereto share voting power and the power to dispose of such
securities. Such shares are, however, not included in the individual totals
shown on cover pages. Shares owned by B. Bros. Realty Limited Partnership are
shown as beneficially owned for voting and dispositive purposes by both General
Partners of that partnership and also by the partnership itself.
No transactions in the Issuer's Common Stock were effected during
the 60 days preceding the date hereof by the persons filing this Schedule and
their affiliated persons other than as set forth in Item 3 above.
Item 6. Contract, Arrangement or Understanding with Respect to Securities of
the Issuer
None other than an informal understanding that the persons and
entities listed in Insert 1 attached hereto will hold and vote together the
shares of Issuer's Common Stock owned by each of them. However, Trustees of
trusts and partners of the partnership listed in Insert 1 may act independently
where fiduciary responsibilities so require. Furthermore, the persons and
entities listed in Insert 1 may acquire additional shares of the Issuer's Common
Stock.
Although the Foundations are included in Insert 1, no arrangement of
any kind exists with respect to any of the Issuer's Common Stock held by such
Foundations. Such Foundations were included in Insert 1 only because certain of
the undersigned are officers and directors of such Foundations.
Item 7. Material to the Filed as Exhibits
The Form of Note issued by certain of the persons and entities
filing this Schedule has been filed with the Securities and Exchange Commission
as Exhibit 1 to Amendment #13 filed on October 2, 1991 and is incorporated
herein by reference.
Powers of attorney for each of the persons filing this Schedule
other than Edgar M. Cullman III and Caroline B. Sicher have been filed with the
Securities and Exchange Commission as Exhibit 2 to Amendment No. 13 dated
October 2, 1991 and are incorporated herein by reference. The power of attorney
of Edgar M. Cullman III was filed as Exhibit 1 to Amendment No. 15 dated January
1996. The power of attorney of Caroline B. Sicher has been filed as Exhibit 1 to
this Amendment No. 17. Such powers of attorney are incorporated herein by
reference.
<PAGE>
Page 21 of 36 Pages
Each of the undersigned hereby certifies after reasonable inquiry,
that to the best of his/her knowledge and belief, the information set forth in
this statement is true, complete and correct.
Date: July 14, 1997
Edgar M. Cullman*
-----------------------------------------------
Edgar M. Cullman, individually and as
Trustee of the Trusts of which he is a
Trustee as indicated on Insert 1 hereto
Louise B. Cullman*
-----------------------------------------------
Louise B. Cullman, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
Susan R. Cullman*
-----------------------------------------------
Susan R. Cullman, individually, as
Custodian and as Trustee of the Trusts
of which she is a Trustee as indicated on
Insert 1 hereto
Edgar M. Cullman, Jr.*
-----------------------------------------------
Edgar M. Cullman, Jr., individually, as
Custodian and as Trustee of the Trusts of
which he is a Trustee as indicated on Insert
1 hereto
Lucy C. Danziger*
-----------------------------------------------
Lucy C. Danziger, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
John L. Ernst*
-----------------------------------------------
John L. Ernst, individually and as Trustee
of the Trusts of which he is a Trustee, as
Custodian and as Guardian, all as indicated
on Insert 1 hereto
<PAGE>
Page 22 of 36 Pages
Carolyn S. Fabrici*
-----------------------------------------------
Carolyn S. Fabrici, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
/s/ Frederick M. Danziger
-----------------------------------------------
Frederick M. Danziger, individually and as
Trustee of the Trusts of which he is a
Trustee as indicated on Insert 1 hereto
Elissa F. Cullman*
-----------------------------------------------
Elissa F. Cullman, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
Rebecca D. Gamzon*
-----------------------------------------------
Rebecca D. Gamzon, individually
formerly Rebecca B. Danziger
Matthew L. Ernst*
-----------------------------------------------
Matthew L. Ernst, individually
B. BROS. REALTY LIMITED
PARTNERSHIP
By John L. Ernst*
---------------------------------------------
John L. Ernst,
General Partner
Margot P. Ernst*
-----------------------------------------------
Margot P. Ernst, not individually but as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
Alexandra Ernst*
-----------------------------------------------
Alexandra Ernst, individually and as Trustee
of the Trusts of which she is a Trustee as
indicated on Insert 1 hereto
<PAGE>
David M. Danziger*
-----------------------------------------------
David M. Danziger, individually
Edgar M. Cullman III*
-----------------------------------------------
Edgar M. Cullman III
Caroline B. Sicher*
-----------------------------------------------
Caroline B. Sicher
By: /s/ Frederick M. Danziger
-----------------------------------------------
Frederick M. Danziger
Attorney-in-Fact
<PAGE>
Page 24 of 36 Pages
<TABLE>
<CAPTION>
Culbro Corporation
Schedule 13D Insert 1--Item 2. Identity and Background and
Amendment #17 Item 5. Interest in Securities of the Issuer
(4)
(3) (Item 5)
--------------------------------------------------------------
Present principal occu-
pation or employment and Number of shares Total number of
the name, principal busi- of Issuer's shares of the
ness and address of any Common Stock Issuer's Common
(1) (2) corporation or other acquired or Stock ($1 par Percentage of Class
Name Residence organization in which such disposed of since value) owned on of Issuer's Common
(Item 2(a) Address employment is conducted. April 1997 the date hereof Stock.
and 5) (Item 2(b)) (Item 2(c)) (i) (ii) (iii)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1. Edgar M. Cullman 2 E. 70th St. Chairman of the Board 111,138 2.44
("EMC") New York, N.Y. Culbro Corporation (cigar,
tobacco, real estate
development and tobacco and
sundries distribution)
378 Park Avenue
So. New York, N.Y.
2. Edgar M. Cullman, 770 Park Avenue President (1700) 121,301 2.66
Jr. ("EMC, Jr.") New York, N.Y. Culbro Corporation
387 Park Avenue So.
New York, N.Y.
3. Elissa F. Cullman 770 Park Avenue Interior Decorator 17,000 .37
("EFC") New York, New
York
4. Louise B. 2 E. 70th St. Housewife 103,410 2.27
Cullman ("LBC") New York, N.Y.
5. Susan R. Cullman 2830 Foxhall Rd. Housewife (6700) 87,765 1.96
("SRC") NW
Washington, D.C.
6. Lucy C. Danziger 2 E. 73rd St. Housewife (7500) 81,842 1.80
("LCD") New York, N.Y.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 25 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------------- ---------------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
7. Frederick M. 2 E. 73rd St. Latham & Watkins 16,542 .37
Danziger New York, N.Y. Attorneys At Law
("FMD") 885 Third Avenue
New York, New York
8. David M. Danziger 115 Central Park Executive Trainee 41,548 .94
("DMD") West The Eli Witt Company
NY, NY 10023
9. Rebecca D. Gamzon One Soldiers Field Teacher 30,946 .70
("RDG") Park, Apt. 414 Milton Academy
Boston, MA 02163
10. John L. Ernst 860 U.N. Towers Chairman & President (2213) 6,000 .13
("JLE") New York, N.Y. Bloomingdale Properties,
Inc.*
(Investments)
641 Lexington Avenue
New York, N.Y.
11. Alexandra Ernst 120 Bis Blvd. Writer 1,548 .03
("AE") Montpamesse
75014 Paris,
France
12. LCD, EMC, Jr. and
SRC,
Trustees
u/w/o Joseph F.
Cullman, Jr.
f/b/o/:
EMC 17,500 76,448 1.68
13. Carolyn S. P.O. Box 4708 Housewife 23,858 .52
Fabrici ("CSF") 42630 N. 54th St.
Cave Creek, AZ
85331
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 26 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
14. EMC, Jr. Custodian
f/b/o:
Edgar M. Cullman III, 0
a minor ("EMC III")
Samuel B. Cullman, 7,422 .16
a minor ("SBC")
Georgina D. Cullman, 7,778 .18
a minor ("GDC")
15. Caroline B. Sicher,
("CBS") 21,422 .47
16. EMC and LBC, Trustees
u/i/o LBC (12/16/43)*
f/b/o:
LCD 22,264 .49
17. EMC, LBC and SRC,
Trustees
u/i/o Samuel J.
Bloomingdale ("SJB") and
Rita G. Bloomingdale
("RGB") (1/10/50)*
f/b/o:
SRC 50,880 1.15
18. EMC, LBC and SRC,
Trustees
u/i/o EMC and LBC
(3/21/50)*
f/b/o:
SRC 18,714 .41
19. EMC, LBC and LCD
Trustees
u/i/o SJB (12/21/50)*
f/b/o:
LCD 29,192 .64
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 27 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
20. EMC, LBC and EMC, Jr.
Trustees
u/i/o SJB (12/21/50)*
f/b/o:
EMC, Jr. 25,006 .55
21. EMC, LBC and SRC
Trustees
u/i/o SJB (12/21/50)*
f/b/o:
SRC 26,000 .57
22. EMC, LBC and LCD
Trustees
u/i/o RGB (12/21/50)*
f/b/o:
LCD 5,418 .12
23. EMC, LBC and EMC, Jr.
Trustees
u/i/o RGB (12/21/50)*
f/b/o:
EMC, Jr. 9,974 .22
24. EMC, LBC and SRC
Trustees
u/i/o RGB (12/21/50)*
f/b/o:
SRC 11,840 .26
25. EMC, LBC and LCD
Trustees
u/i/o RGB (6/14/51)*
f/b/o:
LCD 38,518 .84
26. EMC, LBC and EMC, Jr.
Trustees
u/i/o RGB (6/14/51)*
f/b/o:
EMC, Jr. 40,190 .88
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 28 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
27. EMC, LBC and SRC
Trustees u/i/o RGB
(6/14/51)*
f/b/o:
SRC 40,090 .88
28. LBC, Margot P. Ernst
("MPE"), AE and JLE,
Trustees
u/i/o Susan B. Ernst
("SBE") (4/9/52)*
f/b/o:
Descendants of JLE 4,364 .10
29. LBC, JLE, AE and CSF,
Trustees
u/i/o SBE (4/9/52)*
f/b/o:
Descendants of CSF 3,844 .09
30. EMC, LCD, EMC, Jr. and
SRC Trustees
u/i/o LBC (1/6/53)*
f/b/o:
Descendants of LCD 10,400 .23
Descendants of EMC, Jr. 41,948 .95
Descendants of SRC 26,284 .58
31. LBC, MPE, AE and
JLE, Trustees
u/i/o SBE (1/6/53)*
f/b/o:
Descendants of JLE 2,580 .06
32. LBC, JLE, AE and CSF
Trustees
u/i/o SBE (1/6/53)*
f/b/o:
Descendants of CSF 11,701 .26
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 29 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
33. EMC, LCD, EMC, Jr. and
SRC
Trustees
u/i/o LBC (6/30/54)*
f/b/o:
Descendants of LCD 25,944 .59
Descendants of EMC, Jr. 50,302 1.14
Descendants of SRC 35,878 .58
34. LBC, CSF, AE and JLE,
Trustees
u/i/o SJB (12/21/50)*
f/b/o:
Dorothy P. Ernst 3,974 .09
35. LBC, CSF, AE and JLE
Trustees
u/i/o RGB (12/21/50)*
f/b/o:
Dorothy P. Ernst 3,974 .09
36. LBC, LCD, EMC, Jr. and
SRC Trustees
u/i/o EMC (3/23/55)*
f/b/o/:
Descendants of LCD 10,830 .24
Descendants of EMC, Jr. 16,008 .36
Descendants of SRC 14,200 .31
37. EMC, LCD, EMC, Jr. and
SRC Trustees
u/i/o LBC (3/23/55)*
f/b/o:
Descendants of LCD 7,000 .16
Descendants of EMC, Jr. 12,324 .28
Descendants of SRC 13,600 .30
38. EMC, LBC, EMC, Jr. and
LCD Trustees
u/i/o SJB (8/2/55)*
f/b/o:
Descendants of LCD 24,400 .55
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 30 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
39. EMC, LBC, LCD and EMC,
Jr. Trustees
u/i/o SJB (8/2/55)*
f/b/o:
Descendants of EMC, Jr. 37,622 .85
40. EMC, LBC, LCD and SRC
Trustees
u/i/o SJB (8/2/55)*
f/b/o:
Descendants of SRC 37,962 .83
41. LBC, MPE, AE and JLE
Trustees
u/i/o SJB (8/2/55)*
f/b/o:
Descendants of JLE 3,194 .07
42. EMC, LBC, CSF, AE and
JLE
Trustees
u/i/o SJB (8/2/55)*
f/b/o:
Descendants of CSF 3,526 .08
43. EMC, LBC and LCD,
Trustees
u/w/o RGB (2/29/56)*
f/b/o:
Descendants of LCD 19,228 .43
44. EMC, LBC and EMC, Jr.,
Trustees
u/w/o RGB (2/29/56)*
f/b/o:
Descendants of EMC, Jr. 20,332 .46
45. EMC, LBC and SRC,
Trustees
u/w/o RGB (2/29/56)*
f/b/o:
Descendants of SRC 17,190 .39
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 31 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
46. EMC, LBC, CSF,
AE and JLE,
Trustees
u/w/o RGB
(2/29/56)*
f/b/o:
Descendants of
JLE 39,138 .88
47. EMC, LBC, JLE and
CSF, Trustees
u/w/o RGB
(2/29/56)*
f/b/o:
Descendants of
CSF 39,138 .88
48. Samuel J. Bloomingdale Charitable 19,642 .44
Foundation, Inc.* Foundation
EMC, Chairman &
Dir. LBC, President
& Dir. EMC, Jr.,
Treas. & Dir. LCD,
Secretary
49. Richard C. Ernst Charitable 2048 12,048 .26
and Susan B. Ernst Foundation
Foundation, Inc.*
JLE, Pres. & Dir.
MPE, Vice Pres. &
Dir. AE, Treas. &
Dir. John Fletcher
III, Secy.
50. EMC, LBC and EMC, Jr.,
Trustees
u/w/o F.W. Cullman
(7/23/59)*
f/b/o:
LCD 17,420 .39
EMC, Jr. 13,770 .31
SRC 20,014 .45
51. EMC, LCD and FMD,
Trustees
u/i/o SJB (4/15/66)*
f/b/o:
DMD 12,524 .28
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 32 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
52. FMD, LCD and EMC, Jr.,
u/i/o EMC (12/26/72)*
f/b/o:
LCD and DMD 17,800 .39
LCD and RDG 18,000 .39
53. FMD, LCD, SRC and
EMC, Jr.
Trustees
u/i/o EMC (12/23/76)*
f/b/o:
DMD 16,000 .35
RDG 16,200 .36
54. FMD, SRC, EMC, Jr.,
and JLE, Trustees
u/i/o LCD (12/25/76)*
f/b/o:
DMD 3,200 .07
RDG 3,200 .07
55. Richard M. Danziger and
FMD, Trustees
u/i/o LCD (12/24/69)*
f/b/o:
RDG 22,800 .51
56. LBC, MPE, AE and JLE,
Trustees
u/i/o RGB (6/14/51)*
f/b/o:
JLE 3,081 .07
57. LCD, SRC, JLE and
Elissa Cullman, Trustees,
u/i/o EMC, Jr.
(12/25/76)*
f/b/o:
EMC III 7,200 .16
SBC 7,200 .16
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 33 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
58. EMC, Jr., SRC, LCD and
Elissa Cullman, Trustees,
u/i/o EMC (12/23/76)*
f/b/o:
EMC III 20,400 .45
SBC 20,400 .45
59. EMC, Jr., SRC, LCD and
FMD
Trustees
u/i/o EMC (12/23/76)*
f/b/o:
GDC 20,000 .44
60. LCD, EMC, Jr., John
Sicher and JLE, Trustees,
u/i/o SRC (12/25/76)*
f/b/o:
CBS 14,000 .31
61. EMC, Jr., LCD, SRC and
John Sicher, Trustees,
u/i/o EMC (12/23/76)*
f/b/o:
CBS 16,000 .35
62. FMD and R.M. Danziger,
Trustees
u/i/o Elsie B. Paskus
f/b/o:
R.M. Danziger 3,000 .07
63. FMD and R.M. Danziger
Trustees
u/i/o Elsie B. Paskus
f/b/o:
FMD 1,400 .03
64. B. Bros. Realty Limited Investments (5,000) 233,792 5.13
Partnership*
JLE, General Partner
LCD, General Partner
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 34 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
65. EMC, EMC, Jr.
SRC and 202 0
Richard W. Dammann,
Executors of the
Estate of
Justus Heijmans
66. JLE, FMD and Roger
Bloom ("RB"),
Trustees
u/a/o SBE (4/19/81)
u/w/o SBE Appointment
u/i/o RBG (11/27/31)*
f/b/o:
Descendants of JLE 7,458 .16
67. LBC, JLE, AE and CSF,
Trustees
u/i/o SJB (12/21/50)*
f/b/o:
CSF 1,515 .03
68. LBC, JLE, AE and CSF
Trustees
u/i/o RGB (6/14/51)*
f/b/o:
CSF 1,400 .03
69. JLE, EMC, Jr. and Roger
Bloom, Trustees
u/a/o SBE (4/19/81)
u/w/o SBE Appointment
u/i/o RGB (11/27/31)*
f/b/o:
Descendants of CSF 2,000 .04
70. Matthew L. Ernst 27 Howard Street Artist 1,250 .03
New York, N.Y.
71. JLE, MPE, CSF, FMD
and EMC, Jr.,
Trustees
u/c/o/w Richard C. Ernst,
(6/19/84)
f/b/o:
Benjamin C. Stewart 5,996 .13
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 35 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
72. JLE, as Custodian
f/b/o:
Jessica P. Ernst
a minor ("JPE") 1,250 .03
73. Charitable Trust created
by Justus Heijmans,*
EMC and EMC, Jr.,
Trustees 200 0
74. LBC, JLE, MPE and AE,
Trustee
u/i/o RGB (12/21/50)*
f/b/o:
JLE 1,100 .02
75. JLE, as Guardian
f/b/o:
DPE 2,679 .06
76. JLE, LBC, EMC, CSF and
AE, Trustees
u/c/w/o RGB (2/29/56)*
f/b/o:
Descendants of JLE 4,746 .10
77. Chemical Bank and LBC,
Trustees
u/i/o RGB (11/27/31)*
f/b/o:
LBC 30,000 .66
78. Louise B. & Edgar M. Charitable 3400 6,400 .14
Cullman Foundation, Foundation
Inc.*
EMC, Chairman of the
Board
SRC, President
LBC, Vice President
EMC, Jr., Treasurer
LCD, Secretary
79. Edgar M. Cullman, III 770 Park Avenue Student
(EMC,III) New York, NY 18,794 .41
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(4) Page 36 of 36 Pages
--------------------------------------------------------------
(1) (2) (3) (i) (ii) (iii)
--------- ---------- ------------------- --------------------------------------------------------------
<S> <C> <C> <C>
TOTAL 2,235,020 48.88
</TABLE>
* Business Address: 641 Lexington Avenue, New York, NY 10022
<PAGE>
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange Act
of 1934, as amended, each of the persons whose signature appears below agrees to
the joint filing on behalf of each of them of a Statement on Schedule 13D
(including amendments thereto) with respect to (a) the common stock, par value
$1.00 per share, of Culbro Corporation, a New York corporation (the "Culbro
13D"), and (b) the common stock, par value $0.01 per share, of Griffin Land &
Nurseries, Inc., a Delaware corporation (the "Griffin 13D"), and further agrees
that this Joint Filing Agreement be included as an exhibit to such filings
provided that, as contemplated by Section 13d-1(f)(l)(ii), no person shall be
responsible for the completeness or accuracy of the information concerning the
other persons making the filing, unless such person knows or has reason to
believe that such information is inaccurate. This Agreement may be executed in
any number of counterparts, all of which taken together shall constitute one and
the same instrument.
In addition, each of the persons whose signature appears below
constitutes and appoints Frederick M. Danziger as true and lawful
attorney-in-fact and agent with full power of substitution and resubstitution
for him or her and in his or her name, place and stead, in any and all
capacities to sign the Culbro 13D, the Griffin 13D and any and all amendments to
the Culbro 13D and the Griffin 13D, and to file the same with all exhibits
thereto and other documents in connection therewith, with the Securities and
Exchange Commission, granting unto said attorney-in-fact and agent full power
and authority to do and perform each and every act and thing requisite and
necessary to be done in and about the premises, as full to all intents and
purposes as he might or could do in person, hereby ratifying and confirming all
that said attorney-in-fact and agent, or his substitute or substitutes, may
lawfully do or cause to be done by virtue thereof.
<PAGE>
Dated: July 14, 1997
/s/ Edgar M. Cullman
----------------------------------------------
Edgar M. Cullman, individually and as
Trustee of the Trusts of which he is a
Trustee as indicated on Insert 1 hereto
/s/ Louise B. Cullman
----------------------------------------------
Louise B. Cullman, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
/s/ Susan R. Cullman
----------------------------------------------
Susan R. Cullman, individually, as
Custodian and as Trustee of the Trusts of
which she is a Trustee as indicated on
Insert 1 hereto
/s/ Edgar M. Cullman, Jr.
----------------------------------------------
Edgar M. Cullman, Jr., individually, as
Custodian and as Trustee of the Trusts of
which he is a Trustee as indicated on
Insert 1 hereto
/s/ Lucy C. Danziger
----------------------------------------------
Lucy C. Danziger, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
/s/ John L. Ernst
----------------------------------------------
John L. Ernst, individually and as Trustee
of the Trusts of which he is a Trustee, as
Custodian and as Guardian, all as indicated
on Insert 1 hereto
<PAGE>
/s/ Carolyn S. Fabrici
----------------------------------------------
Carolyn S. Fabrici, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
/s/ Frederick M. Danziger
----------------------------------------------
Frederick M. Danziger, individually and
as Trustee of the Trusts of which he is a
Trustee as indicated on Insert 1 hereto
/s/ Elissa F. Cullman
----------------------------------------------
Elissa F. Cullman, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
/s/ Rebecca D. Gamzon
----------------------------------------------
Rebecca D. Gamzon, individually
formerly Rebecca B. Danziger
/s/ Matthew L. Ernst
----------------------------------------------
Matthew L. Ernst, individually
B. BROS. REALTY LIMITED
PARTNERSHIP
By /s/ John L. Ernst
--------------------------------------------
John L. Ernst,
General Partner
/s/ Margot P. Ernst
----------------------------------------------
Margot P. Ernst, not individually but as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
<PAGE>
/s/ Alexandra Ernst
----------------------------------------------
Alexandra Ernst, individually and as
Trustee of the Trusts of which she is a
Trustee as indicated on Insert 1 hereto
/s/ David M. Danziger
----------------------------------------------
David M. Danziger, individually
/s/ Edgar M. Cullman III
----------------------------------------------
Edgar M. Cullman III
/s/ Caroline B. Sicher
----------------------------------------------
Caroline B. Sicher
