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OMB APPROVAL
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- -------- OMB Number: 3235-0104
FORM 3 Expires: September 30, 1998
- -------- Estimated average burden
hours per response .... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
<TABLE>
<S> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date
Swamp Hall Properties, L.P. Statement Trading Symbol of Original
- ---------------------------------------- (Month/Day/Year) Florida East Coast Industries FLA (Month/Day/Year)
(Last) (First) (Middle) 12/17/1998 ------------------------------------ 1/28/1999
1600 Rockland Road ---------------------------- 5. Relationship of Reporting 7. Individual or
- ---------------------------------------- 3. IRS or Social Security Person to Issuer Joint/Group
(Street) Number of Reporting (Check all applicable) Filing Check
Person (Voluntary) _____ Director __X__ 10% Owner Applicable Line)
Wilmington, DE 19803 51-0385980 _____ Officer _____ Other (specify --Form filed by one
- -------------------------------------- ---------------------------- (give title below) below) Reporting Person
(City) (State) (Zip) X Form filed by
--more than One
Reporting Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership (Instr. 5)
(Instr. 5)
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Common Stock 21,412,348 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1473 (7/96)
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<TABLE>
<CAPTION>
FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Date Derivative Security Exercise Form of (Instr. 5)
(Month/Day/ (Instr. 4) Price of Deriv-
Year) Deri- ative
vative Security:
Security Direct
------------------------------------------------- (D) or
Date Expira- Amount or Indirect (I)
Exercis- tion Title Number (Instr. 5)
able Date of Shares
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Option (right to buy) 7/15/99 7/15/08 common shares 4000 $29.3750 D
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Explanation of Responses: * * * SEE ATTACHMENT
/s/ Swamp Hall Properties, L.P.
**Intentional misstatements or omissions of facts constitute Federal Criminal ------------------------------- -------------
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
Note. File three copies of this Form, one of which must be manually signed. Page 2
If space provided is insufficient, See Instruction 6 for procedure. SEC 1473 (7/96)
By: John F. Porter, III
Title: President of The Rockland Company
Managing General Partner of Swamp Hall
(Duly Authorized Representative)
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Attachment to Form 3 filed by Swamp Hall Propertied, L.P. Reporting
Beneficial Ownership of Common Stock of Florida East Coast Industries
Dated January 28, 1999
Explanation of Response: Pursuant to Instruction 5(b)(v), Swamp Hall Properties,
L.P. (the "Partnership") is the Reporting Person. The Alfred I. duPont
Testamentary Trust (the "Trust") is the sole limited partner of the Partnership
and owns all of the outstanding stock in the corporate general partner of the
Partnership. The Trust contributed the shares of common stock of The St. Joe
Company (the "Parent") together with certain other assets, in exchange for the
entire limited partnership interest in the Partnership. The Trustees of the
Trust also constitute all of the directors of the Nemours Foundation (the
"Foundation"), which also directly and beneficially owns shares of common stock
of the Parent and Florida East Coast Industries (the "Issuer"). The beneficial
ownership of the common stock of the Parent and the Issuer by the Trust, the
Trustees and the Foundation has reported on respective Forms 4 previously filed
with the Commission on March 10, 1998. 19,609,216 shares of the Common Stock of
the Issuer reported as being beneficially owned by the Partnership are directly
owned by the Parent. The Partnership may be deemed the beneficial owner of such
shares of the Issuer by virtue of the fact that the Partnership directly owns
49,643,292 shares, representing 55.18%(1) of the outstanding common stock of the
Parent. In addition, Winfred L. Thornton, a Trustee and Jacob C. Belin, a
Trustee, each directly and beneficially own options (right to buy) 2000 common
shares of the Issuer, granted to them in their capacity as directors of the
Issuer, pursuant to the Florida East Coast Industries Inc. 1998 Stock Incentive
Plan. The Partnership declares that by filing this Form 3, the Partnership is
not admitting beneficial ownership of any shares of the common stock of the
Issuer directly owned by the Parent and disclaims the existence of, and its
membership in, any "group" that includes the Parent as a member.
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(1)This percentage is based on the number of shares issued and outstanding on
September 30, 1998 as reported in the Parent's Quarterly Report on Form 10-Q
dated November 12, 1998, the Parent's last public announcement as to the number
of its shares of outstanding common stock. The Parent also reported in the same
l0-Q that the Parent's Board of Directors had authorized $150 million for the
repurchase of the Parent's outstanding common stock from time to time on the
open market. If the number of shares of outstanding common stock of the Parent
has been reduced by such repurchases after September 30, 1998 there would be an
increase in the percentage of the Parent's common stock which would be
represented by the shares reported herein.
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NAMES/ADDRESSES OF GROUP FILERS
<TABLE>
<S> <C>
Swamp Hall Properties, L.P. John F. Porter
1650 Prudential Drive, Suite 300 1650 Prudential Drive, Suite 300
Jacksonville, FL 32207 Jacksonville, FL 32207
Winfred L. Thornton Herbert H. Peyton
1650 Prudential Drive, Suite 300 1650 Prudential Drive, Suite 300
Jacksonville, FL 32207 Jacksonville, FL 32207
Jacob C. Belin Alfred I. duPont Testamentary Trust
1650 Prudential Drive, Suite 300 1650 Prudential Drive, Suite 300
Jacksonville, FL 32207 Jacksonville, FL 32207
William T. Thompson III The Nemours Foundation
1650 Prudential Drive, Suite 300 1650 Prudential Drive, Suite 300
Jacksonville, FL 32207 Jacksonville, FL 32207
Hugh M. Durden
1650 Prudential Drive, Suite 300
Jacksonville, FL 32207
</TABLE>
FORM 3 PAGE 3 OF 6
SWAMP HALL PROPERTIES, L.P.
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SIGNATURES
Swamp Hall Properties, L.P.
By: /s/ John F. Porter, III
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John F. Porter, III, President
The Rockland Company,
managing general partner of
Swamp Hall Properties, L.P.
(Duly Authorized Representative)
2/22/00
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(Date)
/s/ W. L. Thornton
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(Signature)
Winfred L. Thornton
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(Name)
2/22/00
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(Date)
/s/ Jacob C. Belin
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(Signature)
Jacob C. Belin
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(Name)
2/22/00
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(Date)
/s/ William T. Thompson
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(Signature)
William T. Thompson
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(Name)
FORM 3 PAGE 4 OF 6
SWAMP HALL PROPERTIES, L.P.
<PAGE> 5
2/22/00
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(Date)
/s/ Hugh M. Durden
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(Signature)
Hugh M. Durden
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(Name)
2/22/00
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(Date)
/s/ John F. Porter III
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(Signature)
John F. Porter III
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(Name)
2/22/00
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(Date)
/s/ Herbert H. Peyton
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(Signature)
Herbert H. Peyton
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(Name)
2/22/00
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(Date)
Alfred I. DuPont Testamentary Trust
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(Name of Trust)
/s/ W. L. Thornton
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(Signature)
Winfred L. Thornton
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(Name)
Chairman
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(Title)
FORM 3 PAGE 5 OF 6
SWAMP HALL PROPERTIES, L.P.
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2/22/00
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(Date)
The Nemours Foundation
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(Name of Foundation)
/s/ Jacob C. Belin
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(Signature)
Jacob C. Belin
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(Name)
Chairman
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(Title)
FORM 3 PAGE 6 OF 6
SWAMP HALL PROPERTIES, L.P.
