SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Fort Howard Corporation
(Name of Issuer)
Common Stock, par value $.01
(Title of Class of Securities)
347461105
(CUSIP Number)
Check the following box if a fee is being paid with this statement |_|.
<PAGE>
- ---------------------------------- ----------------------------
CUSIP No. 347461105 13G Page 2 of 23 Pages
- ---------------------------------- ----------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
The Morgan Stanley Leveraged Equity Fund II, L.P.
06-6312775
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 15,110,144
OWNED BY --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON --------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
15,110,144
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,110,144
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
20.3
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------
CUSIP No. 347461105 13G Page 3 of 23 Pages
- ---------------------------------- ----------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Morgan Stanley Leveraged Equity Fund II, Inc.
06-1214256
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 15,110,144
OWNED BY --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON --------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
15,110,144
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,110,144
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
20.3
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------
CUSIP No. 347461105 13G Page 4 of 23 Pages
- ---------------------------------- ----------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Fort Howard Equity Investors, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 540,784
OWNED BY --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON --------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
540,784
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
540,784
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 1
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------
CUSIP No. 347461105 13G Page 5 of 23 Pages
- ---------------------------------- ----------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Fort Howard Equity Investors II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 1,387,678
OWNED BY --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON --------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,387,678
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,387,678
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.9
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------
CUSIP No. 347461105 13G Page 6 of 23 Pages
- ---------------------------------- ----------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Morgan Stanley Equity Investors Inc.
13-3504812
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 1,928,462
OWNED BY --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON --------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,928,462
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,928,462
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.6
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------
CUSIP No. 347461105 13G Page 7 of 23 Pages
- ---------------------------------- ----------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Morgan Stanley Group Inc.
13-2838811
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
2,264,999
NUMBER OF --------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 17,089,906
OWNED BY --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 2,264,999
PERSON --------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
17,089,906
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,354,905
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |X|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
26.0
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------
CUSIP No. 347461105 13G Page 8 of 23 Pages
- ---------------------------------- ----------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
First Plaza Group Trust
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 5,477,586
OWNED BY --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON --------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
5,477,586
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,477,586
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.4
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
EP
- --------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------
CUSIP No. 347461105 13G Page 9 of 23 Pages
- ---------------------------------- ----------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
General Motors Investment Management Corporation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 5,477,586
OWNED BY --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON --------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
5,477,586
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,477,586
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.4
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IA, CO
- --------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------
CUSIP No. 347461105 13G Page 10 of 23 Pages
- ---------------------------------- ----------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Long Term Investment Trust
(f/k/a AT&T Master Pension Trust*)
13-3187026
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
2,738,789
NUMBER OF --------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 355,800
OWNED BY --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 2,738,789
PERSON --------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
355,800
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,094,589
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.2
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
EP
- --------------------------------------------------------------------------------
* The AT&T Master Pension Trust changed its name to the Long Term
Investment Trust effective 10/1/96.
<PAGE>
- ---------------------------------- ----------------------------
CUSIP No. 347461105 13G Page 11 of 23 Pages
- ---------------------------------- ----------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Paul J. Schierl
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
550,475
NUMBER OF --------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 100
OWNED BY --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 550,475
PERSON --------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
100
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
550,575
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 1
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP No. 347461105 13G Page 12 of 23 Pages
- ---------------------------------- ----------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Paul J. Schierl Trust
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Wisconsin
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 100
OWNED BY --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON --------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
100
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 1
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
00
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP No. 347461105 13G Page 13 of 23 Pages
- ---------------------------------- ----------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Dr. David A. Cofrin
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
1,297,500
NUMBER OF --------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 1,297,500
PERSON --------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,297,500
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
Page 14 of 23 Pages
Item 1(a). Name of Issuer.
Fort Howard Corporation (the "Company")
Item 1(b). Address of Issuer's Principal Executive Offices.
1919 South Broadway
Green Bay, Wisconsin 54304
Item 2(a). Name of Person Filing.
This statement is filed on behalf of the persons identified in Item 4
below. In accordance with Rule 13d-1(f)(1) under the Securities Exchange Act of
1934, as amended (the "Exchange Act"), each person filing this statement
acknowledges that it is responsible for the completeness and accuracy of the
information concerning that person but is not 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.
Item 2(b). Address of Principal Business Office or, if None, Residence.
The business address of Morgan Stanley Group Inc. ("Morgan Stanley
Group") is 1585 Broadway, New York, New York 10036.
The business address of each of The Morgan Stanley Leveraged Equity
Fund II, L.P. ("MSLEF II"), Morgan Stanley Leveraged Equity Fund II, Inc., Fort
Howard Equity Investors, L.P. ("FH Equity Investors"), Fort Howard Equity
Investors II, L.P. ("FH Equity Investors II") and Morgan Stanley Equity
Investors Inc. is 1221 Avenue of the Americas, New York, New York 10020.
The business address of First Plaza Group Trust is c/o Mellon Bank,
N.A., One Mellon Bank Center, Pittsburgh, Pennsylvania 15258.
The business address of General Motors Investment Management
Corporation is 767 Fifth Avenue, New York, New York 10153.
The business address of Long Term Investment Trust is c/o AT&T
Investment Management Corporation, One Oak Way, Berkeley Heights, New Jersey
07922.
The business address of Paul J. Schierl is 200 S. Washington Street,
Suite 305 Green Bay, WI 54301.
The business address of Paul J. Schierl Trust is 200 S. Washington
Street, Suite 305 Green Bay, WI 54301.
The business address of Dr. David A. Cofrin is 141 North West 46th
Street, Gainesville, FL 32607.
<PAGE>
Page 15 of 23 Pages
Item 2(c). Citizenship.
Each of the persons filing this statement is a United States citizen, a
corporation or limited partnership organized under the laws of a state of the
United States or a trust created or governed under the laws of a state of the
United States.
Item 2(d). Title of Class of Securities.
This statement relates to the Company's Common Stock, $.01 par value
per share.
Item 2(e). CUSIP Number.
34746115
Item 3. If this statement is filed pursuant to Rule 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) |_| 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 Advisors 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) |_| Parent Holding Company, in accordance with Section
240.13d-1(b)(1)(ii)(G) (Note: See Item 7),
(h) |_| Group, in accordance with Section 240.13d-1(b)(1)(ii)(H).
Not applicable.
Item 4. Ownership.
(a), (b) and (c)
The Company, Morgan Stanley Group, MSLEF II, certain other investors
and certain management investors (each, a "Holder") have entered into a
stockholders agreement (the "Stockholders Agreement"), which contains certain
restrictions with respect to the transferability of Common Stock by certain
parties
<PAGE>
Page 16 of 23 Pages
thereunder, certain registration rights granted by the Company with respect to
such shares and certain arrangements with respect to the nomination of designees
to the Board of Directors.
Pursuant to the terms of the Stockholders Agreement, in the event that
one or more Holders (other than the management investors) (each, a "Controlling
Shareholder") sell a majority of the shares of Common Stock subject to the
Stockholders Agreement to a third party, certain other Holders have the right to
elect to sell on the same terms the same percentage of such other Holder's
shares to the third party as the Controlling Shareholder is selling of its
shares of Common Stock. In addition, if a Controlling Shareholder sells all of
its shares of Common Stock to a third party, the Controlling Stockholder has the
right to require that certain remaining Holders sell all of their shares to the
third party on the same terms. Certain of the parties to the Stockholders
Agreement and certain of their affiliates are filing this amended Statement on
Schedule 13G jointly.
The filing of this statement should not be construed as an admission by
any person that such person is, for purposes of Section 13(d) or 13(g) of the
Exchange Act, the beneficial owner of any securities covered by the statement,
other than the securities set forth opposite such person's name in the table
below. The table below indicates the beneficial ownership of Common Stock as of
December 31, 1996 of the persons filing this statement:
Beneficial Percent of
Ownership (1) Class (2)
------------- ---------
The Morgan Stanley Leveraged 15,110,144 20.3
Equity Fund II, L.P. (3)
Morgan Stanley Leveraged 15,110,144 20.3
Equity Fund II, Inc. (3)
Fort Howard Equity 540,784 *
Investors, L.P. (4)
Fort Howard Equity 1,387,678 1.9
Investors II, L.P. (4)
Morgan Stanley Equity Investors Inc. (4) 1,928,462 2.6
Morgan Stanley Group Inc. (5) 19,354,905 26.0
First Plaza Group Trust (6) 5,477,586 7.4
Long Term Investment Trust (7) 3,094,589 4.2
Paul J. Schierl (8)(9) 550,575 *
<PAGE>
Beneficial Percent of
Ownership (1) Class (2)
------------- ---------
Paul J. Schierl Trust (9)(10) 100 *
Dr. David A. Cofrin 1,297,500 1.7
(1) Each person has sole voting and dispositive power with respect to
the shares shown as beneficially owned, except as indicated below.
(2) Based on 74,380,921 shares of Common Stock outstanding as of
December 31, 1996.
(3) The sole general partner of MSLEF II is Morgan Stanley Leveraged
Equity Fund II, Inc., a wholly owned subsidiary of Morgan Stanley Group. Morgan
Stanley Leveraged Equity Fund II, Inc. may be deemed to have shared voting and
dispositive power with respect to shares held by it of MSLEF II.
(4) The sole general partner of FH Equity Investors and FH Equity
Investors II is Morgan Stanley Equity Investors Inc., a wholly owned subsidiary
of Morgan Stanley Group. Morgan Stanley Equity Investors Inc. may be deemed to
have shared voting and dispositive power with respect to shares held by it of FH
Equity Investors and FH Equity Investors II.
(5) Morgan Stanley Group may be deemed to have shared voting and
dispositive power with respect to any shares held by MSLEF II, FH Equity
Investors and FH Equity Investors II. See footnotes 3 and 4 above. Also, Morgan
Stanley Group owns directly 2,264,999 shares of Common Stock and owns through a
subsidiary 51,300 shares of Common Stock.
(6) Mellon Bank, N.A., acts as the trustee (the "Trustee") for First
Plaza Group Trust, a trust under and for the benefit of certain employee benefit
plans of General Motors Corporation and its subsidiaries. The 5,477,586 shares
of Common Stock held by the Trustee may be deemed to be beneficially owned by
General Motors Investment Management Corporation ("GMIMCo"), a wholly owned
subsidiary of General Motors Corporation. GMIMCo is serving as First Plaza Group
Trust's investment manager with respect to the 5,477,586 shares of Common Stock
held by the Trustee and in that capacity has sole power to direct the Trustee as
to voting and disposition of such shares. Because of the Trustee's limited role,
beneficial ownership by the Trustee is disclaimed.
(7) Includes 355,800 shares of Common Stock held for the Long Term
Investment Trust (f/k/a AT&T Master Pension Trust), with respect to a portion of
whose assets State Street Global Advisors, Franklin Portfolio Associates and
Batterymarch Financial Management act as investment advisors. State Street Bank
and Trust Company acts as Trustee of the Long Term Investment Trust. Leeway &
Co. is the party to the Stockholders Agreement as nominee for the Long Term
Investment Trust.
(8) Includes 550,475 shares of Common Stock that are subject to
acquisition within 60 days pursuant to the exercise of stock options.
<PAGE>
Page 18 of 23 Pages
(9) Paul J. Schierl acts as the trustee to the Paul J. Schierl Trust
(the "Schierl Trust") and may be deemed to beneficially own the 100 Shares of
Common Stock held by the Schierl Trust.
(10) * = less than 1%
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following. |_|
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
See Exhibit 1.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
<PAGE>
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.
Date: February 14, 1997
MORGAN STANLEY GROUP INC.
By:/s/ Peter R. Vogelsang
---------------------------------------
Name: Peter R. Vogelsang
Title: Authorized Signatory
THE MORGAN STANLEY LEVERAGED
EQUITY FUND II L.P.
By: Morgan Stanley Leveraged
Equity Fund II, Inc., its
general partner
By: /s/ Peter R. Vogelsang
---------------------------------------
Name: Peter R. Vogelsang
Title: Secretary
MORGAN STANLEY LEVERAGED
EQUITY FUND II, INC.
By:/s/ Peter R. Vogelsang
---------------------------------------
Name: Peter R. Vogelsang
Title: Secretary
<PAGE>
MORGAN STANLEY EQUITY
INVESTORS INC.
By: /s/ Peter R. Vogelsang
---------------------------------------
Name: Peter R. Vogelsang
Title: Secretary
FORT HOWARD EQUITY INVESTORS, L.P.
By: Morgan Stanley Equity Investors Inc.,
its general partner
By: /s/ Peter R. Vogelsang
---------------------------------------
Name: Peter R. Vogelsang
Title: Secretary
FORT HOWARD EQUITY INVESTORS II, L.P.
By: Morgan Stanley Equity Investors Inc.,
its general partner
By: /s/ Peter R. Vogelsang
---------------------------------------
Name: Peter R. Vogelsang
Title: Secretary
FIRST PLAZA GROUP TRUST
By: Mellon Bank, N.A., its trustee (as
directed by General Motors Investment
Management Corporation) solely in its
capacity as Trustee and not in its
individual capacity
By:/s/ Allan M. Seaman
---------------------------------------
Name: Allan M. Seaman
Title: Associate Counsel
<PAGE>
GENERAL MOTORS INVESTMENT
MANAGEMENT CORPORATION
By:/s/ Margaret M. Eisen
---------------------------------------
Name: Margaret M. Eisen
Title: Managing Director, North
American Equities
LONG TERM INVESTMENT TRUST
By: AT&T Investment Management Corporation
as named fiduciary of Trust
By:/s/ Peter Rosoff
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Name: Peter Rosoff
Title: Vice President
/s/ Paul J. Schierl
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Paul J. Schierl
PAUL J. SCHIERL TRUST
By:/s/ Paul J. Schierl
---------------------------------------
Name: Paul J. Schierl
Title: Trustee
/s/ David A. Cofrin
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Dr. David A. Cofrin
Attention. Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001).
<PAGE>
Exhibit 1
1. The Morgan Stanley Leveraged Equity Fund, L.P.
2. Fort Howard Equity Investors, L.P.
3. Fort Howard Equity Investors II, L.P.
4. Morgan Stanley Group Inc.
5. First Plaza Group Trust
6. Long Term Investment Trust (f/k/a AT&T Master Pension Trust)
7. Paul J. Schierl
8. Paul J. Schierl Trust
9. Dr. David A. Cofrin
10. Bankers Trust New York Corporation
<PAGE>
Exhibit 2
MORGAN STANLEY
SECRETARY'S CERTIFICATE
I, Charlene R. Herzer, a duly elected and acting Assistant
Secretary of Morgan Stanley Group Inc., a corporation organized and existing
under the laws of the State of Delaware (the "Corporation"), certify that the
following resolutions were duly and validly adopted by a Consent in Lieu of a
Meeting of the Executive Committee of the Board of Directors of the Corporation
dated as of March 28, 1994 and that such resolutions are in full force and
effect on the date hereof.
RESOLVED, that Peter R. Vogelsang is authorized and directed
to sign on behalf of the Corporation any forms, reports, schedules or
filings required to be filed by the Corporation with any government or
regulatory agency in connection with the making, holding or disposing
of any investments managed by the Merchant Banking Division of the
Corporation, such authorization to cease automatically upon termination
of his employment with Morgan Stanley & Co. Incorporated; and
RESOLVED FURTHER, that any actions heretofore taken by Peter
R. Vogelsang in connection with the responsibilities noted in the
preceding resolution are confirmed, approved and ratified.
IN WITNESS WHEREOF, I have hereunto set my name and affixed the
seal of the Corporation as of the 14th day of February, 1997.
/s/ Charlene R. Herzer
-------------------------
Charlene R. Herzer
Assistant Secretary
[SEAL]
