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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[X] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
________________________________________________________________________________
1. Name and Address of Reporting Person*
Monsanto Company
Attn: Barbara L. Blackford
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(Last) (First) (Middle)
800 N. Lindbergh Boulevard
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(Street)
St. Louis Missouri 63167
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(City) (State) (Zip)
________________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
DEKALB GENETICS CORPORATION (NYSE: DKB)
________________________________________________________________________________
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Year
November 1998
________________________________________________________________________________
5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
________________________________________________________________________________
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
2. Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
Transaction Code ------------------------------ Owned at End (D) or Indirect
1. Date (Instr. 8) (A) of Month Indirect Beneficial
Title of Security (Month/Day ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) Year) Code V (D) and 4) (Instr.4) (Instr. 4)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/30/98 P 5,410,481 A $100.00 5,410,481 I Wholly
owned
subsidiary
(see below)
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485,442 D
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Class B Common Stock 11/30/98 P 13,958,524 A $100.00 13,957,924 I Wholly
owned
subsidiary
(see below)
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13,321,436 D
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Class A Common Stock 12/4/98 J V 5,895,923 D Cancelled -0-
(see
below)
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Class B Common Stock 12/4/98 J V 27,279,360 D Cancelled -0-
(see
below)
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====================================================================================================================================
</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
SEC 1474 (7-96)
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Explanation of Responses:
See attached.
/s/ Barbara L. Blackford 12/8/98
- --------------------------------------------- -----------------------
**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB nnumber.
Page 2
SEC 1474 (7-96)
<PAGE>
FORM 4 CONTINUATION SHEET
ITEM 1: MONSANTO COMPANY
800 N. LINDBERGH BOULEVARD
ST. LOUIS, MO 63137
ITEM 2: DEKALB GENETICS CORPORATION (NYSE: DKB)
ITEM 4: NOVEMBER 1998
EXPLANATION OF RESPONSES
This Statement of Changes in Beneficial Ownership on Form 4
(this "Form 4") is filed by Monsanto Company, a Delaware corporation (the
"Reporting Person"). On December 4, 1998, Monsanto Company (the "Monsanto"), a
Delaware corporation, became the owner of all of the capital stock of DEKALB
Genetics Corporation, a Delaware corporation ("DEKALB"), pursuant to the merger
(the "Merger") of Corn Acquisition Corporation, a Delaware corporation and
wholly owned subsidiary of Monsanto ("Merger Sub"), with and into DEKALB with
DEKALB continuing as the surviving corporation.
The Merger was consummated pursuant to an Agreement and Plan
of Merger (the "Merger Agreement"), dated as of May 8, 1998, by and among the
Company, Merger Sub and DEKALB. Prior to the Merger, Merger Sub consummated a
tender offer (the "Offer") to purchase all outstanding shares of Class A Common
Stock, without par value ("Class A Common Stock"), and Class B Common Stock,
without par value ("Class B Common Stock" and, together with the Class A Common
Stock, the "Common Stock"), of DEKALB, at a purchase price of $100.00 per share,
net to the seller in cash, without interest thereon. The Offer was made pursuant
to the Merger Agreement. On November 30, 1998, Merger Sub accepted for payment
pursuant to the Offer 5,410,481 shares of Class A Common Stock and 13,957,924
shares of Class B Common Stock. At the expiration of the Offer, Monsanto owned
485,442 shares of Class A Common Stock and 13,321,436 shares of Class B Common
Stock. Thus, at the expiration of the Offer, Monsanto and the Merger Sub owned
more than ninety percent of the then outstanding shares of Class A Common Stock
and more than ninety percent of the then outstanding shares of Class B Common
Stock. Immediately prior to the Merger, Monsanto contributed to Merger Sub all
of the shares of Class A Common Stock and Class B Common Stock owned of record
by Monsanto.
On December 4, 1998 (the "Effective Time"), the Merger was
consummated pursuant to the Merger Agreement and as of the Effective Time, each
issued and outstanding share of DEKALB Common Stock (other than shares of DEKALB
Common Stock owned by DEKALB or by any subsidiary of DEKALB or by Monsanto,
Merger Sub or any other subsidiary of Monsanto, which shares were canceled with
no consideration delivered in exchange therefor, and other than shares of DEKALB
Common Stock, if any, held by stockholders who are entitled to and who properly
exercise appraisal rights under the General Corporation Law of the State of
Delaware) was, by virtue of the Merger and without any action by the holder
thereof, converted into the right to receive from DEKALB in cash $100.00,
payable to the holder thereof, without interest or dividends thereon, upon the
surrender of the certificate formerly representing such share. At the Effective
Time, each outstanding share of common stock of Merger Sub was converted into a
share of common stock of DEKALB as the surviving corporation in the Merger. As a
result, as of the Effective Time, DEKALB became a wholly owned subsidiary of
Monsanto.
Following the Merger, the Class B Common Stock was delisted
from the New York Stock Exchange and DEKALB filed a Form 15 with the Securities
and Exchange Commission suspending DEKALB's duty to file reports under Section
15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")
and seeking to deregister the Common Stock under the Exchange Act.
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