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SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 5)*
Sterling Chemicals, Inc.
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(Name of Issuer)
Common Stock par value $0.01 per share
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(Title of Class of Securities)
858903 10 7
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(CUSIP Number)
Check the following box if a fee is being paid with this
Statement [ ]. (A fee is not required only if the filing
person: (1) has a previous statement on file reporting
beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7.)
*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 the disclosures provided
in a prior cover page.
The information required in 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 ("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).
<PAGE>
CUSIP NO. 858903 10 7 13G
1) NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J. Virgil Waggoner
###-##-####
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
None.
(b) [ ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
(5) SOLE VOTING POWER
NUMBER OF
4,061,834
SHARES
(6) SHARED VOTING POWER
BENEFICIALLY
60,604
OWNED BY
(7) SOLE DISPOSITIVE POWER
EACH REPORTING
3,985,118
PERSON WITH
(8) SHARED DISPOSITIVE POWER
50,604
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,122,438
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.4%
12) TYPE OF REPORTING PERSON*
IN
<PAGE>
Item 1(a). Name of Issuer:
Sterling Chemicals, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
1200 Smith Street; Suite 1900
Houston, Texas 77002
Item 2(a). Name of Person Filing:
J. Virgil Waggoner
Item 2(b). Address of Principal Business Office:
1200 Smith Street; Suite 1900
Houston, Texas 77002
Item 2(c). Citizenship:
United States
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.01 per share ("Common Stock")
Item 2(e). CUSIP Number:
858903 10 7
Item 3. Not Applicable
Item 4. Ownership:
(a) Amount Beneficially Owned: Mr. Waggoner owns
beneficially
4,122,438 shares of Common Stock (including 76,716
shares allocated to his account under the Sterling
Chemicals, Inc. Employee Stock Ownership Plan (the
"ESOP"), with respect to which he has sole voting
power, but not dispositive power). This amount also
includes (i) 50,604 shares of Common Stock owned by Mr.
Waggoner's wife and (ii) 10,000 shares of Common Stock
held as of December 31, 1995 by a charitable non-profit
corporation of which Mr. Waggoner serves as a director
and as the President and Chief Executive Officer. Mr.
Waggoner disclaims ownership with respect to the shares
described in both of (i) and (ii).
(b) Percent of Class: 7.4%
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote: 4,061,834
(includes 3,985,118 shares held of record and
76,716 shares allocated to Mr. Waggoner's account
<PAGE>
in the ESOP)
(ii) shared power to vote or direct the vote:
60,604
(includes (i) 50,604 shares owned by Mr.
Waggoner's wife and (ii) 10,000 shares held as of
December 31, 1995 by a charitable non-profit
corporation of which Mr. Waggoner serves as a
director and as President and Chief Executive
Officer).
(iii)sole power to dispose or to direct the disposition
of:
3,985,118
(iv) shared power to dispose or to direct the
disposition of:
50,604 (includes 50,604 shares held of record by
Mr. Waggoner's wife but excludes the 10,000 shares
held as of December 31, 1995 by the non-profit
corporation described above, over which neither
Mr. Waggoner nor the board of directors of the non-
profit corporation has any dispositive power).
Item 5. Ownership of Five Percent or Less of a Class: Not
Applicable
Item 6. Ownership of More than Five Percent on Behalf of
Another Person:
Not Applicable
Item 7. Identification and Classification of the Subsidiary
Which Acquired
the Security Being Reported on by the Parent Holding
Company:
Not Applicable
Item 8. Identification and Classification of Members of the
Group:
Not Applicable
Item 9. Notice of Dissolution of Group: Not Applicable
Item 10. Certification: Not Applicable
<PAGE>
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Date: February 12, 1996
/s/ J. Virgil Waggoner
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J. Virgil Waggoner
