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OMB APPROVAL
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OMB Number: 3235-0287
Expires: September 30, 1998
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U.S. 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*
Alfred I. duPont Testamentary Trust
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(Last) (First) (Middle)
1650 Prudential Drive, Suite 300
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(Street)
Jacksonville, FL 32207
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Florida East Coast Industries FLA
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
12/97
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5. If Amendment, Date of Original (Month/Year)
N/A
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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
<PAGE>
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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) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Member of
Common Stock 12/10/97 J N/A N/A N/A 5,358,514 I a Group
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(Over)
</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).
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- Form of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of 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)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
* See Attachment.
* See Attachment
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**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 is insufficient, see Instruction 6 for procedures.
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 Number.
<PAGE>
Attachment to Form 4 Filed by the Alfred I. duPont Testamentary Trust Reporting
Beneficial Ownership of Common Stock of Florida East Coast Industries
Dated December 10, 1997
Explanation of Response: Pursuant to Instruction 4(b)(v) of Form 4, the Alfred
I. duPont Testamentary Trust and each of the persons listed below are the
Reporting Persons. The Alfred I. duPont Testamentary Trust and each of the
persons listed below are filing this Form 4 as joint filers and each are
considered for purposes of this Form 4 to be members of a single group ("Group")
within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934,
as amended ("1934 Act").
"J": This Form 4 is being filed to report that the Alfred I. duPont Testamentary
Trust and each of the persons listed below beneficially own shares of Florida
East Coast Industries ("FECI") as members of the Group, instead of individually,
for purposes of complying with the reporting requirements of Section 16(a) of
the 1934 Act. 4,902,304 of the shares of FECI reported as being indirectly
beneficially owned by the Alfred I. duPont Testamentary Trust and each Reporting
Person listed below are directly owned by the St. Joe Corporation, which is a
member of the Group but which is not filing as a joint filer on this Form 4.
Each Reporting Person on this Form 4 declares, that by filing this Form 4, such
Reporting Person is not admitting beneficial ownership of any shares of FECI
directly owned by the St. Joe Corporation and each such Reporting Person
disclaims the existence of, and its membership in, any "group" that includes the
St. Joe Corporation as a member.
<TABLE>
<CAPTION>
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Amount of
Securities Ownership Nature of
Securities Beneficially Form: Indirect
Name and Address of Title of Transaction Transaction Acquired or Owned at the Direct (D) Beneficial
Reporting Person Security Date Code Disposed of End of Month or Indirect (I) Ownership
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<S> <C> <C> <C> <C> <C> <C> <C>
The Nemours Foundation Common 12/10/97 J N/A 5,358,514 I Member of
1650 Prudential Drive Stock a Group
Suite 300
Jacksonville, FL 32207
Common 12/10/97 J N/A 450,224 D
Stock
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Winfred L. and Common 12/10/97 J N/A 5,358,514 I Member of
Mary Anne Thornton Stock a Group
1650 Prudential Drive
Suite 300
Jacksonville, FL 32207
Common 12/10/97 J N/A 5,986 D
Stock
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</TABLE>
<PAGE>
Attachment to Form 4 Filed by the Alfred I. duPont Testamentary Trust Reporting
Beneficial Ownership of Common Stock of Florida East Coast Industries
Dated December 10, 1997
<TABLE>
<CAPTION>
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Amount of
Securities Ownership Nature of
Securities Beneficially Form: Indirect
Name and Address of Title of Transaction Transaction Acquired or Owned at the Direct (D) Beneficial
Reporting Person Security Date Code Disposed of End of Month or Indirect (I) Ownership
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<S> <C> <C> <C> <C> <C> <C> <C>
William T. Thompson III Common 12/10/97 J N/A 5,358,514 I Member of
1650 Prudential Drive Stock a Group
Suite 300
Jacksonville, FL 32207
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Jacob C. Belin Common 12/10/97 J N/A 5,358,514 I Member of
1650 Prudential Drive Stock a Group
Suite 300
Jacksonville, FL 32207
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Hugh M. Durden Common 12/10/97 J N/A 5,358,514 I Member of
1650 Prudential Drive Stock a Group
Suite 300
Jacksonville, FL 32207
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John F. Porter III Common 12/10/97 J N/A 5,358,514 I Member of
1650 Prudential Drive Stock a Group
Suite 300
Jacksonville, FL 32207
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</TABLE>
<PAGE>
Signatures to Form 4 Dated December 10, 1997
Filed by the Alfred I. duPont Testamentary Trust
Reporting Ownership of Common Stock of Florida East Coast Industries
Alfred I. duPont Testamentary Trust William T. Thompson III
By: /s/ Winfred L. Thornton By: /s/ William T. Thompson III
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Name: Winfred L. Thornton Name: William T. Thompson III
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Title: Chairman Date: December 10, 1997
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Date: December 10, 1997
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Jacob C. Belin
The Nemours Foundation By: /s/ Jacob C. Belin
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By: /s/ Jacob C. Belin Name: Jacob C. Belin
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Name: Jacob C. Belin Date: December 10, 1997
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Title: President
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Hugh M. Durden
Date: December 10, 1997
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By: /s/ Hugh M. Durden
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Winfred L. and Mary Anne Thornton
Name: Hugh M. Durden
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By: /s/ Winfred L. Thornton
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Date: December 10, 1997
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Name: Windred L. Thornton
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Date: December 10, 1997 John F. Porter III
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By: /s/ Mary Anne Thornton By: /s/ John F. Porter III
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Name: Mary Anne Thornton Name: John F. Porter III
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Date: December 10, 1997 Date: December 10, 1997
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