================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
----------
LIFE TECHNOLOGIES, INC.
(Name of Issuer)
Common Stock, $.01 par value per share 532177201
(Title of class of securities) (CUSIP number)
Richard A. Weinberg, Esq.
c/o ISP Management Company, Inc.
1361 Alps Road
Wayne, New Jersey 07470
(973) 628-3000
(Name, address and telephone number of person authorized
to receive notices and communications)
With a copy to:
Stephen E. Jacobs, Esq.
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, New York 10153-0119
(212) 310-8000
December 22, 1998
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7 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 (the "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.)
(Continued on following pages)
(Page 1 of 35 pages)
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NYFS01...:\01\47201\0001\2037\SCHD228K.42C
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 2 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON ISP OPCO HOLDINGS INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: OO
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 3,384,600
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 3,384,600
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 3,384,600
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 14.24%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 3 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON ISP INVESTMENTS INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: WC, OO
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 2,932,600
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 452,000
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 2,932,600
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 452,000
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 3,384,600
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 14.24%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 4 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON ISP IRELAND
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: WC, OO
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ireland
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 452,000
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 452,000
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 452,000
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.90%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 5 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON INTERNATIONAL SPECIALTY
S.S. OR I.R.S. IDENTIFICATION NO. PRODUCTS INC.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: OO
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 121,670
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 3,384,600
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 121,670
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 3,384,600
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 3,506,270
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 14.75%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 6 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON SAMUEL J. HEYMAN
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: OO
- ------------------ -------------------------------------------------------------
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
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 3,506,270
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 3,506,270
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 3,506,270
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 14.75%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 7 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON BEAR, STEARNS & CO. INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: WC, PF
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 325,615
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 92,000
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 325,615
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 92,000
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 417,615
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.76%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 8 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON FREDERICK R. ADLER
S.S. OR I.R.S. IDENTIFICATION NO. INTANGIBLE ASSET
OF ABOVE PERSON MANAGEMENT TRUST
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 713,395
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 713,395
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 713,395
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.0%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 9 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON THE COHEN REVOCABLE TRUST
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: California
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 397,100
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 397,100
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 397,100
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.67%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 10 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON A. CHANG
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ------------------ -------------------------------------------------------------
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
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 135,500
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 135,500
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 135,500
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.57%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 11 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON YORK CAPITAL MANAGEMENT,
S.S. OR I.R.S. IDENTIFICATION NO. L.P.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 78,700
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 78,700
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 78,700
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.33%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 12 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON DINAN MANAGEMENT, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: New York
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 78,700
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 78,700
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 78,700
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.33%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 13 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON JGD MANAGEMENT CORP.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: AF
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 23,100
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 23,100
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 23,100
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.10%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 14 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON YORK INVESTMENT LIMITED
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Bahamas
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 129,600
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 129,600
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 129,600
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .55%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 15 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON DINAN MANAGEMENT
S.S. OR I.R.S. IDENTIFICATION NO. CORPORATION
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: AF
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 129,600
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 129,600
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 129,600
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .55%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 16 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON JAMES G. DINAN
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: AF
- ------------------ -------------------------------------------------------------
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
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 231,400
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 231,400
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 231,400
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.97%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 17 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON IDOYA PARTNERS
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: New York
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 405,000
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 405,000
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 405,000
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.7%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 18 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON PRESCOTT ASSOCIATES
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: New York
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 331,650
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 331,650
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 331,650
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.4%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 19 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON PRESCOTT INTERNATIONAL
S.S. OR I.R.S. IDENTIFICATION NO. PARTNERS, L.P.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 19,950
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 19,950
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 19,950
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .08%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 20 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON THOMAS W. SMITH AS TRUSTEE
S.S. OR I.R.S. IDENTIFICATION NO. FOR THE JACK McKENZIE
OF ABOVE PERSON TRUST UNDER AGREEMENT
DATED APRIL 12, 1992
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: New York
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 150
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 150
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 150
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .0006%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 21 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON THOMAS W. SMITH AS TRUSTEE
S.S. OR I.R.S. IDENTIFICATION NO. FOR THE LEO CARROLL
OF ABOVE PERSON WOLFENSOHN TRUST UNDER
AGREEMENT DATED
MARCH 9, 1994
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: New York
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 150
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 150
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 150
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .0006%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 22 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON THOMAS W. SMITH
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: PF, AF
- ------------------ -------------------------------------------------------------
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
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 70,300
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 756,600
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 70,300
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 756,600
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 826,900
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.48%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 23 of 35 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON THOMAS N. TRYFOROS
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: AF
- ------------------ -------------------------------------------------------------
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
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 756,600
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 756,600
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 756,600
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.18%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ------------------ -------------------------------------------------------------
<PAGE>
This Amendment No. 4 ("Amendment No. 4") amends the Statement on
Schedule 13D (the "Schedule 13D") filed on November 20, 1998, as amended by
Amendment No. 1 filed on November 30, 1998 ("Amendment No. 1"), Amendment No. 2
filed on December 2, 1998 ("Amendment No. 2"), and Amendment No. 3 filed on
December 21, 1998 ("Amendment No. 3"), by and on behalf of ISP Opco Holdings
Inc. ("ISP Opco"), ISP Investments Inc. ("ISP Investments"), International
Specialty Products Inc. ("ISP"), Samuel J. Heyman (ISP Opco, ISP Investments,
ISP and Mr. Heyman, collectively, the "ISP Group"), Bear, Stearns & Co. Inc.
("Bear, Stearns"), Frederick R. Adler Intangible Asset Management Trust (the
"Adler Trust"), The Cohen Revocable Trust (the "Cohen Trust"), A. Chang
("Chang"), York Capital Management, L.P. ("York Capital"), Dinan Management,
L.L.C. ("Dinan Management"), JGD Management Corp. ("JGD Management"), York
Investment Limited ("York Investment"), Dinan Management Corporation ("DMC"),
James G. Dinan ("JGD"), Idoya Partners ("Idoya"), Prescott Associates
("Prescott"), Prescott International Partners, L.P. ("Prescott International"),
Thomas W. Smith as Trustee for the Jack McKenzie Trust Under Agreement Dated
April 12, 1992 (the "McKenzie Trust"), Thomas W. Smith as Trustee for the Leo
Carroll Wolfensohn Trust Under Agreement Dated March 9, 1994 (the "Wolfensohn
Trust"), Thomas W. Smith ("Smith") and Thomas N. Tryforos (collectively, the
"Original Reporting Group") with respect to their ownership of common stock, par
value $.01 per share (the "Common Stock"), of Life Technologies, Inc. (the
"Company"). As indicated in Item 2, ISP Ireland ("ISP Ireland") (the "Additional
Reporting Person") has joined with the Original Reporting Group (the Original
Reporting Group and the Additional Reporting Person, collectively, the "13D
Group") for the purposes of the filing requirements of Section 13(d) of the
Securities and Exchange Act of 1934. The Original Reporting Group, together with
the Additional Reporting Person, are sometimes hereinafter referred to as the
Reporting Persons. This Amendment No. 4 also amends and restates Items 5 and 6
with respect to Bear, Stearns. Capitalized terms used herein and not defined
herein have the meanings ascribed thereto in the Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND
ISP Ireland, a company organized under the laws of Ireland, is
engaged primarily in the business of making investments. The business address of
ISP Ireland is c/o Chase Manhattan Bank (Ireland) plc, Abbey Court, Irish Life
Centre, Lower Abbey Street, Dublin 1, Ireland. ISP Ireland is an indirect,
wholly-owned subsidiary of ISP Investments. The name, position, business address
and citizenship of each director and executive officer of ISP Ireland are set
forth on Schedule A hereto.
Neither the Additional Reporting Person nor any of the persons
listed on Schedule A hereto has, during the last five years, (i) been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors)
or (ii) been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction as a result of which such person was or is subject to
a judgment, decree or final order enjoining the future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding a violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Since the filing of Amendment No. 3, ISP Investments purchased an
aggregate of 799,500 Shares for total consideration (including brokerage
commissions) of $31,402,270 derived from working capital of ISP Investments,
loans from affiliates and borrowings pursuant to standard margin arrangements.
Since the filing of Amendment No. 3, ISP purchased an aggregate of
121,670 Shares for total consideration (including brokerage commissions) of
$4,779,197.60 derived from borrowings pursuant to standard margin arrangements.
24
<PAGE>
ISP Ireland has purchased an aggregate of 452,000 Shares for total
consideration (including brokerage commissions) of $17,754,560 derived from
working capital of ISP Ireland and borrowings pursuant to standard margin
arrangements.
Since the filing of Amendment No. 3, Bear, Stearns purchased an
aggregate of 200 Shares in its market-making account for total consideration
(including brokerage commissions) of $7,800 derived from working capital of
Bear, Stearns.
ITEM 4. PURPOSE OF TRANSACTION
The response of the Reporting Persons to this Item 4 as previously
disclosed in Amendment No. 3 has not changed.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As of the close of business on December 23, 1998, the Reporting
Persons beneficially owned (or are deemed, solely for purposes of Rule 13d-3, to
beneficially own), directly or indirectly, an aggregate of 6,228,180 Shares,
representing approximately 26.20% of the Common Stock outstanding on December
23, 1998 (based on 23,770,344 shares of Common Stock believed by the Reporting
Persons to be outstanding as of November 3, 1998).
ISP Investments has the sole power to vote, direct the voting of,
dispose of and direct the disposition of 2,932,600 Shares. ISP Opco, by virtue
of its ownership of all of the outstanding capital stock of ISP Investments, may
be deemed to own beneficially (solely for purposes of Rule 13d-3) the Shares
owned by ISP Investments. ISP, by virtue of its ownership of all of the
outstanding common stock of ISP Opco, may be deemed to own beneficially (solely
for purposes of Rule 13d-3) the Shares owned by ISP Investments. Mr. Heyman, by
virtue of his beneficial ownership (as defined in Rule 13d-3) of approximately
76% of the capital stock of ISP, may be deemed to own beneficially (solely for
purposes of Rule 13d-3) the Shares owned by ISP Investments.
ISP has the sole power to vote, direct the voting of, dispose of and
direct the disposition of 121,670 Shares. Mr. Heyman, by virtue of his
beneficial ownership (as defined in Rule 13d-3) of approximately 76% of the
capital stock of ISP, may be deemed to own beneficially (solely for purposes of
Rule 13d-3) the Shares owned by ISP.
ISP Ireland has the sole power to vote, direct the voting of,
dispose of and direct the disposition of 452,000 Shares. ISP Investments, by
virtue of its ownership of all of the outstanding capital stock of ISP Ireland,
may be deemed to own beneficially (solely for purposes of Rule 13d-3) the Shares
owned by ISP Ireland. ISP Opco, by virtue of its ownership of all of the
outstanding capital stock of ISP Investments, may be deemed to own beneficially
(solely for purposes of Rule 13d-3) the Shares owned by ISP Ireland. ISP, by
virtue of its ownership of all of the outstanding common stock of ISP Opco, may
be deemed to own beneficially (solely for purposes of Rule 13d-3) the Shares
owned by ISP Ireland. Mr. Heyman, by virtue of his beneficial ownership (as
defined in Rule 13d-3) of approximately 76% of the capital stock of ISP, may be
deemed to own beneficially (solely for purposes of Rule 13d-3) the Shares owned
by ISP Ireland.
Bear, Stearns has the sole power to vote, direct the voting of,
dispose of and direct the disposition of 325,615 Shares. Bear, Stearns has
shared power to vote, direct the voting of, dispose of and direct the
disposition of 92,000 Shares held in discretionary accounts. Of the 417,615
Shares beneficially owned by Bear, Stearns, only 300,000 Shares that are owned
by Bear, Stearns are subject to the Group Agreement (as defined below in Item 6)
between Bear, Stearns
25
<PAGE>
and certain of the Reporting Persons. The remaining 25,615 Shares owned by Bear,
Stearns are held in its market-making account and are not subject to the Group
Agreement. The 92,000 Shares beneficially owned by Bear, Stearns in
discretionary accounts are also not subject to the Group Agreement.
The Adler Trust has the sole power to vote, direct the voting of,
dispose of and direct the disposition of 713,395 Shares.
The Cohen Trust has the sole power to vote, direct the voting of,
dispose of and direct the disposition of 397,100 Shares.
Chang has the sole power to vote, direct the voting of, dispose of
and direct the disposition of 135,500 Shares.
York Capital has the sole power to vote, direct the voting of,
dispose of and direct the disposition of 78,700 Shares. Dinan Management, as
General Partner of York Capital, may be deemed to own beneficially (solely for
purposes of Rule 13d-3) the Shares owned by York Capital. JGD, by virtue of his
beneficial ownership (as defined in Rule 13d-3) of approximately 99% of the
ownership interests in Dinan Management, may be deemed to own beneficially
(solely for purposes of Rule 13d-3) the Shares owned by York Capital.
JGD Management has the sole power to vote, direct the voting of,
dispose of and direct the disposition of 23,100 Shares. JGD, by virtue of his
beneficial ownership (as defined in Rule 13d-3) of all of the capital stock of
JGD Management, may be deemed to own beneficially (solely for purposes of Rule
13d-3) the Shares owned by JGD Management.
York Investment has the sole power to vote, direct the voting of,
dispose of and direct the disposition of 129,600 Shares. DMC, by virtue of its
role as investment sub-manager of York Investment's accounts, may be deemed to
own beneficially (solely for purposes of Rule 13d-3) the Shares owned by York
Investment. JGD, by virtue of his beneficial ownership (as defined in Rule
13d-3) of approximately 99% of the capital stock of DMC, may be deemed to own
beneficially (solely for purposes of Rule 13d-3) the Shares owned by York
Investment.
Idoya is the direct beneficial owner of 405,000 Shares. As general
partners of Idoya, Smith and Tryforos may be deemed to own beneficially (solely
for purposes of Rule 13d-3) the Shares owned directly by Idoya. Accordingly,
Idoya, Smith and Tryforos share the power to vote, direct the voting of, dispose
of and direct the disposition of the Shares owned directly by Idoya.
Prescott is the direct beneficial owner of 331,650 Shares. As
general partners of Prescott, Smith and Tryforos may be deemed to own
beneficially (solely for purposes of Rule 13d-3) the Shares owned directly by
Prescott. Accordingly, Prescott, Smith and Tryforos share the power to vote,
direct the voting of, dispose of and direct the disposition of the Shares owned
directly by Prescott.
Prescott International is the direct beneficial owner of 19,950
Shares. As general partners of Prescott International, Smith and Tryforos may be
deemed to own beneficially (solely for purposes of Rule 13d-3) the Shares owned
directly by Prescott International. Accordingly, Prescott International, Smith
and Tryforos share the power to vote, direct the voting of, dispose of and
direct the disposition of the Shares owned directly by Prescott International.
The McKenzie Trust has sole power to vote, direct the voting of,
dispose of and direct the disposition of 150 Shares. As Trustee of the McKenzie
Trust, Smith may be deemed to own beneficially (solely for purposes of Rule
13d-3) the 150 Shares owned directly by the McKenzie Trust.
26
<PAGE>
The Wolfensohn Trust has sole power to vote, direct the voting of,
dispose of and direct the disposition of 150 Shares. As Trustee of the
Wolfensohn Trust, Smith may be deemed to own beneficially (solely for purposes
of Rule 13d-3) the 150 Shares owned directly by the Wolfensohn Trust.
Smith has sole power to vote, direct the voting of, dispose of and
direct the disposition of 70,000 Shares. Smith also has sole power to vote,
direct the voting of, dispose of and direct the disposition of the 300 Shares in
the aggregate owned directly by the McKenzie Trust and the Wolfensohn Trust, as
described above. In addition, Smith may be deemed to own beneficially (solely
for purposes of Rule 13d-3) the 756,600 Shares owned directly by Idoya, Prescott
and Prescott International, as described above.
Each of the Original Reporting Persons, other than members of the
ISP Group, disclaims beneficial ownership of the Shares owned by the Additional
Reporting Person and the Additional Reporting Person disclaims beneficial
ownership of the Shares owned by each of the other Reporting Persons.
Since the filing of Amendment No. 3 to the Schedule 13D, the
Reporting Persons effected transactions in Shares in open market transactions as
set forth in Schedule B hereto.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
On November 25, 1998, ISP, Bear, Stearns, the Adler Trust, the Cohen
Trust and Chang entered into a letter agreement (the "Group Agreement") pursuant
to which the parties agreed (i) for a period of six months not to sell or
otherwise dispose of any Shares unless all of the parties mutually agree (or, in
the case of Bear, Stearns, sell Shares which would reduce its ownership to below
300,000 Shares), (ii) to bear its own costs and expenses incurred in connection
with its ownership of Shares, the Group Agreement or any transactions entered
into pursuant to the Group Agreement, provided that any expenses incurred by a
party for the common benefit of all shall be shared by the parties, other than
the Adler Trust, on a pro rata basis, (iii) to join with ISP in a Schedule 13D
filing and any required amendments and (iv) not to enter into any other
contract, arrangement, understanding or relationship with any other persons with
respect to equity securities of the Company for a period of six months without
the written consent of the other parties.
Except as set forth above, the response of the Reporting Persons to
this Item 6 as previously disclosed in Amendment No. 3 has not changed.
A copy of the Group Agreement was filed as Exhibit 1 to Amendment
No. 1 to the Schedule 13D and is incorporated herein by reference.
[The remainder of this page intentionally left blank.]
27
<PAGE>
SIGNATURES
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: December 24, 1998
ISP OPCO HOLDINGS INC.
ISP INVESTMENTS INC.
INTERNATIONAL SPECIALTY PRODUCTS INC.
By: /s/ Susan B. Yoss
----------------------------------
Susan B. Yoss
Vice President and Treasurer
/s/ Samuel J. Heyman
--------------------------------------
Samuel J. Heyman
BEAR, STEARNS & CO. INC.
By: /s/ Barry Cohen
----------------------------------
Barry Cohen
Senior Managing Director
YORK CAPITAL MANAGEMENT, L.P.
By: DINAN MANAGEMENT, L.L.C., its
General Partner
By: /s/ James G. Dinan
------------------------------
James G. Dinan
President
DINAN MANAGEMENT, L.L.C.
By: /s/ James G. Dinan
----------------------------------
James G. Dinan
President
JGD MANAGEMENT CORP.
DINAN MANAGEMENT CORPORATION
By: /s/ James G. Dinan
----------------------------------
James G. Dinan
President
28
<PAGE>
YORK INVESTMENT LIMITED
By: /s/ Anthony L.M. Inder Reiden
----------------------------------
Anthony L.M. Inder Reiden
Director
/s/ James G. Dinan
--------------------------------------
James G. Dinan
FREDERICK R. ADLER INTANGIBLE ASSET
MANAGEMENT TRUST
By: /s/ Susan R. Chapman
----------------------------------
Susan R. Chapman
Trustee
THE COHEN REVOCABLE TRUST
By: /s/ S. Cohen
----------------------------------
S. Cohen
Trustee
/s/ A. Chang
--------------------------------------
A. Chang
/s/ Thomas W. Smith
--------------------------------------
Thomas W. Smith
/s/ Thomas N. Tryforos
--------------------------------------
Thomas N. Tryforos
PRESCOTT INTERNATIONAL PARTNERS, L.P.
By: /s/ Thomas W. Smith
----------------------------------
Thomas W. Smith
General Partner
By: /s/ Thomas N. Tryforos
----------------------------------
Thomas N. Tryforos
General Partner
29
<PAGE>
PRESCOTT ASSOCIATES
By: /s/ Thomas W. Smith
----------------------------------
Thomas W. Smith
General Partner
By: /s/ Thomas N. Tryforos
----------------------------------
Thomas N. Tryforos
General Partner
IDOYA PARTNERS
By: /s/ Thomas W. Smith
----------------------------------
Thomas W. Smith
General Partner
By: /s/ Thomas N. Tryforos
----------------------------------
Thomas N. Tryforos
General Partner
JACK MCKENZIE TRUST U/A DATED
APRIL 12, 1992
By: /s/ Thomas W. Smith
----------------------------------
Thomas W. Smith
Trustee
LEO CARROLL WOLFENSOHN TRUST U/A
DATED MARCH 9, 1994
By: /s/ Thomas W. Smith
----------------------------------
Thomas W. Smith
Trustee
ISP IRELAND
By: /s/ Michael Greaves
----------------------------------
Michael Greaves
Director
30
<PAGE>
SCHEDULE A
DIRECTORS AND EXECUTIVE OFFICERS OF ISP IRELAND
-----------------------------------------------
The name and position of the directors and executive officers of ISP
Ireland are set forth below. All such persons are citizens of the Republic of
Ireland, except for Michael Greaves who is a citizen of the United Kingdom.
Name Principal Occupation or Employment
---- ----------------------------------
Michael Greaves Director
Ian Talbot Director
Paul Wallace Director
Mr. Greaves is the Finance Director of ISP Europe, the address of
which is 40 Alan Turing Road, Surrey Research Park, Guildford, Surrey GU 2 5YF,
England. Mr. Talbot is Vice President of Chase Manhattan Bank (Ireland) plc, the
address of which is Abbey Court, Irish Life Centre, Lower Abbey Street, Dublin
1, Ireland. Mr. Wallace is an attorney at Strickland & Wallace, the address of
which is 10 Mellifont Avenue, Dun Laoghaire, Co. Dublin.
31
<PAGE>
SCHEDULE B
The following schedule sets forth information with respect to each
purchase of Shares which was effectuated by the Reporting Persons since the
filing of Amendment No. 3 to the Schedule 13D. All transactions were effectuated
in the open market through a broker.
ISP INVESTMENTS INC. (directly and through
ISP Investments Grantor Trust)
==========================================
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
12/21 9,500 $39.0600
12/22 790,000 39.2800
INTERNATIONAL SPECIALTY PRODUCTS INC.
=====================================
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
12/22 121,670 39.2800
ISP IRELAND
===========
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
12/22 452,000 39.2800
32
<PAGE>
BEAR, STEARNS & CO. INC.
========================
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
12/21 100 $39
12/21 200 38 15/16
12/21 200 39
12/21 300 39
12/21 500 39
12/21 1,500 39
12/21 3,300 39
12/21 3,600 39
12/21 (9,500) 39.0600
FREDERICK R. ADLER INTANGIBLE ASSET MANAGEMENT TRUST
====================================================
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
None
THE COHEN REVOCABLE TRUST
=========================
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
None
A. CHANG
========
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
None
YORK CAPITAL MANAGEMENT, L.P.
=============================
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
None
33
<PAGE>
YORK INVESTMENT LIMITED
=======================
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
None
JGD MANAGEMENT CORP.
====================
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
None
IDOYA PARTNERS
==============
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
None
PRESCOTT ASSOCIATES
===================
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
None
PRESCOTT INTERNATIONAL PARTNERS, L.P.
=====================================
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
None
34
<PAGE>
THOMAS W. SMITH AS TRUSTEE FOR THE JACK
MCKENZIE TRUST UNDER AGREEMENT
DATED APRIL 12, 1992
=======================================
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
None
THOMAS W. SMITH AS TRUSTEE FOR THE LEO
CARROLL WOLFENSOHN TRUST UNDER
AGREEMENT DATED MARCH 9, 1994
======================================
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
None
THOMAS W. SMITH
===============
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
None
35
