SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _____________)*
Alza Corporation
----------------
(Name of Issuer)
Common Stock, par value $.01 per share
--------------------------------------
(Title of Class of Securities)
022615 10 8
-----------
(CUSIP Number)
November 2, 1999
----------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
<TABLE>
<CAPTION>
13G
CUSIP NO. 022615 10 8
- -------------- ------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ISP Opco Holdings Inc.
- -------------- ------------------------------------------------------------------------------------------
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
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
------------ -------------------------------------------------------------
6 SHARED VOTING POWER
166,875
------------ -------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
------------ -------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
166,875
- -------------- ------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,875
- -------------- ------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- -------------- ------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.2%
- -------------- ------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- -------------- ------------------------------------------------------------------------------------------
Page 2 of 10
<PAGE>
13G
CUSIP NO. 022615 10 8
- -------------- ------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ISP Investments Inc.
- -------------- ------------------------------------------------------------------------------------------
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
NUMBER OF
SHARES 166,875
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
------------ -------------------------------------------------------------
6 SHARED VOTING POWER
0
------------ -------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
166,875
------------ -------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------------- ------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,875
- -------------- ------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- -------------- ------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.2%
- -------------- ------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- -------------- ------------------------------------------------------------------------------------------
Page 3 of 10
<PAGE>
13G
CUSIP NO. 022615 10 8
- -------------- ------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
International Specialty Products Inc.
- -------------- ------------------------------------------------------------------------------------------
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
NUMBER OF
SHARES 73,125
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
------------ -------------------------------------------------------------
6 SHARED VOTING POWER
166,875
------------ -------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
73,125
------------ -------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
166,875
- -------------- ------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
240,000
- -------------- ------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- -------------- ------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0. 2%
- -------------- ------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- -------------- ------------------------------------------------------------------------------------------
Page 4 of 10
<PAGE>
13G
CUSIP NO. 022615 10 8
- -------------- ------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Samuel J. Heyman
- -------------- ------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- -------------- ------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------- ------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- ------------------------------ ------------ -------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
------------ -------------------------------------------------------------
6 SHARED VOTING POWER
3,568,135
------------ -------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
------------ -------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,568,135
- -------------- ------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,568,135
- -------------- ------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- -------------- ------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.5%
- -------------- ------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- -------------- ------------------------------------------------------------------------------------------
Page 5 of 10
<PAGE>
13G
CUSIP NO. 022615 10 8
- -------------- ------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Heyman Investment Associates Limited Partnership
- -------------- ------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- -------------- ------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------- ------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- ------------------------------ ------------ -------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 3,328,135
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
------------ -------------------------------------------------------------
6 SHARED VOTING POWER
0
------------ -------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
3,328,135
------------ -------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------------- ------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,328,135
- -------------- ------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- -------------- ------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.3%
- -------------- ------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- -------------- ------------------------------------------------------------------------------------------
</TABLE>
Page 6 of 10
<PAGE>
ITEM 1. NAME OF ISSUER AND ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
(a) Name of Issuer:
Alza Corporation
(b) Address of Issuer's Principal Executive Offices:
950 Page Mill Road
PO Box 10950
Palo Alto, CA 94303-0802
ITEM 2.
(a) Name of Person Filing:
(i) ISP Opco Holdings Inc.
(ii) ISP Investments Inc.
(iii) International Specialty Products Inc.
(iv) Samuel J. Heyman
(v) Heyman Investment Associates Limited Partnership
(b) Address of Principal Business Office or, if None, Residence:
The principal business office of each of the filing persons
listed in Item 2(a) is as follows:
The principal business office of ISP Opco Holdings Inc.,
ISP Investments Inc. and International Specialty Products Inc. is 300 Delaware
Avenue, Wilmington, Delaware 19801.
The principal business office of Samuel J. Heyman is 1361
Alps Road, Wayne, New Jersey 07470.
The principal business office of Heyman Investment
Associates Limited Partnership is 333 Post Road West, Westport, Connecticut
06881.
(c), (d) and (e) For information with respect to citizenship of each
of the filing persons, title of class of securities and CUSIP number for the
shares held by such persons, see the appropriate cover page above.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS. SS. 240. 13D-1(B), OR
240. 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING Is a:
(a) [ ] Broker or dealer registered under section 15 of
the Act (15 U.S.C. 78o)
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c)
(c) [ ] Insurance company as defined in section 3(a)(19)
of the Act (15 U.S.C. 78c)
(d) [ ] Investment company registered under section 8 of
the Investment Company Act of 1940 (15 U.S.C.
80a-8)
(e) [ ] An investment adviser in accordance with ss.
240.13d-1(b) (1) (ii) (E)
(f) [ ] An employee benefit plan or endowment fund in
accordance with ss. 240.13d-1(b)(1)(ii)(F)
(g) [ ] A parent holding company or control person in
accordance with ss. 240.13d-1(b)(1)(ii)(G)
(h) [ ] A savings association as defined in Section 3
(b) of the Federal Deposit Insurance Act (12
U.S.C. 1813)
Page 7 of 10
<PAGE>
(i) [ ] A church plan that is excluded from the
definition of an investment company under
section 3(c) (14) of the Investment Company Act
of 1940 (15 U.S.C. 80a-3)
(j) [ ] Group, in accordance with ss. 240.13d-1(b) (1)
(ii) (J).
ITEM 4. OWNERSHIP.
For information concerning the (a) number of shares
beneficially owned by each filing person; (b) percent of class
of shares such number represents; (c) number of shares to which such person has
(i) sole voting power, (ii) shared voting power, (iii) sole dispositive power
and (iv) shared dispositive power, see the appropriate cover page above.
In addition to the shares reported in its cover page above,
Heyman Investment Associates Limited Partnership is a
party to equity derivative contracts with a broker-dealer relating to an
aggregate of 2,025,865 shares of common stock of the Issuer.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
ISP Investments Inc. has granted to a trust the right to receive dividends
from, and the right to receive the proceeds from the sale of, 46,875 shares of
common stock of the Issuer beneficially owned by ISP Investments Inc.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
See Schedule A hereto.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable
ITEM 10. CERTIFICATION.
By signing below, each of the undersigned certifies that, to the best of
his or its knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.
Page 8 of 10
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in
this statement is true, complete and correct.
Dated: November 12, 1999
ISP Opco Holdings Inc.
ISP Investments Inc.
International Specialty Products Inc.
By: /s/ Susan B. Yoss
------------------------------------------
Susan B. Yoss
Senior Vice President and Treasurer
By: /s/ Samuel J. Heyman
------------------------------------------
Samuel J. Heyman
Heyman Investment Associates Limited Partnership
By: /s/ James R. Mazzeo
------------------------------------------
James R. Mazzeo
Treasurer
Page 9 of 10
<PAGE>
SCHEDULE A
International Specialty Products Inc. owns 100% of the
outstanding common stock of ISP Opco Holdings Inc. which, in turn, owns 100% of
the outstanding common stock of ISP Investments Inc.
Page 10 of 10
