UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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
[_] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Anglo American plc
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(Last) (First) (Middle)
20 Carlton House Terrace
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(Street)
London SW1Y 5AN, United Kingdom
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Terra Industries Inc. (TRA)
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3. IRS Identification Number of Reporting Person, if an entity (Voluntary)
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4. Statement for Month/Year
March/2000
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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)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[_] Form filed by One Reporting Person
[X] 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.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (Month/Day/Year) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Shares of Terra Industries
Inc. (TRA) 3/13/2000 S 1,000,000 D $2.25 37,560,725 I (1)
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Common Shares of Terra Industries
Inc. (TRA) 3/13/2000 S 4,000,000 D $2.25 0 I (2)
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the Form is filed by more than one reporting person, see Instruction
4(b)(v).
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 control number.
(Over)
SEC 1474 (7-97)
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FORM 4 (CONTINUED)
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
1. Title of Derivative Security (Instr. 3)
Call options (right to purchase)
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2. Conversion or Exercise Price of Derivative Security
$0.00
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3. Transaction Date (Month/Day/Year)
3/13/2000
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4. Transaction Code (Instr. 8)
Code V
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P
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
(A) (D)
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5,000,000
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6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
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Mar 13, 2000 Mar 13, 2004
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7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Title Amount or Number of Shares
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Common Shares 5,000,000
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8. Price of Derivative Security (Instr. 5)
$2
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9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
5,000,000
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
I
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
(3)
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Explanation of Responses:
(1) The disposed shares were held by Taurus International S.A., a wholly-owned
direct subsidiary of Anglo American plc. The filing of this Statement shall
not be deemed to be an admission that Anglo American plc, Taurus International
S.A. or Taurus Investments S.A. constitute a group for purposes of Section 13(d)
or Section 16 of the Securities Exchange Act of 1934 (the "Exchange Act").
(2) The disposed shares were held by Taurus Investments S.A., a wholly-owned
direct subsidiary of Anglo American plc.
(3) The call options are held by Taurus International S.A. Taurus International
S.A. has agreed with Taurus Investments S.A. to hold 4,000,000 options for the
risk and benefit of Taurus Investments S.A. The call options were entered into
simultaneously with the sale of the Common Shares and, as a result, Anglo
American plc did not have a profit from the sale of the Common Shares and
purchase of the call options pursuant to Exchange Act Rule 16b-6(c)(2). Anglo
American plc, Taurus International S.A. and Taurus Investments S.A. each
disclaim beneficial ownership of the Common Shares subject to the call options
for purposes of Section 13(d) of the Exchange Act.
Anglo American plc
By:
/s/ Ben Keisler April 10, 2000
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**Signature of Reporting Person Date
Name:
Title:
** 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 control number.
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SEC 1474 (7-97)
