<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D (AMENDMENT)
Under the Securities Exchange Act of 1934
BORDEN CHEMICALS AND
PLASTICS LIMITED PARTNERSHIP
----------------------------
(Name of Issuer)
COMMON UNIT
-----------
(Title of Class of Securities)
099541 20 3
-----------
(CUSIP Number)
Albert A. Woodward, Esq.
Maun & Simon, PLC
2000 Midwest Plaza Building West
801 Nicollet Mall
Minneapolis, Minnesota 55402
(612) 904-7400
--------------
(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
DECEMBER 14, 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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check
the following box [ ].
(Cover page continued on next 25 pages)
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ MARC H. KOZBERG
I.R.S. Identification Nos. of above persons
(entities only)...............................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a member of (a) X
a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) PF
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal proceedings
is required pursuant to Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of organization...... USA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 50,000
(8) Shared voting power.................... 400,000
(9) Sole dispositive power................. 50,000
(10) Shared dispositive power.............. 400,000
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially 450,000
owned by each reporting person.
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 1.2%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. IN
- -------------------------------------------------------------------------------
</TABLE>
-2-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ BRUCE E. HENDRY
I.R.S. Identification Nos. of above
persons (entities only)......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only.............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) PF
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal proceedings
is required pursuant to Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of organization...... USA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 1,091,300
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 1,091,300
(10) Shared dispositive power.............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 1,091,300
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 3.0%
- -------------------------------------------------------------------------------
14) Type of reporting person (see
instructions)................................. IN
- -------------------------------------------------------------------------------
</TABLE>
-3-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ DR. DEMETRE NICOLOFF
I.R.S. Identification Nos. of above
persons (entities only).......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions)........ PF
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. USA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power..................... 150,000
(8) Shared voting power................... 400,000
(9) Sole dispositive power................ 150,000
(10) Shared dispositive power............. 400,000
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 550,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)........................... 1.5%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions). IN
- -------------------------------------------------------------------------------
</TABLE>
-4-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ G. JAMES SPINNER
I.R.S. Identification Nos. of above
persons (entities only)......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a
member of a group (see instructions) (a) X
----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) PF
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of organization...... USA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 50,000
(8) Shared voting power.................... 400,000
(9) Sole dispositive power................. 50,000
(10) Shared dispositive power.............. 400,000
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 450,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)........................... 1.2%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. IN
- -------------------------------------------------------------------------------
</TABLE>
-5-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ ROBERT H. PAYMAR
I.R.S. Identification Nos. of above
persons (entities only).......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions)
----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) PF
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. USA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 100,000
(8) Shared voting power.................... 400,000
(9) Sole dispositive power................. 100,000
(10) Shared dispositive power.............. 400,000
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 500,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount
in Row (11) excludes certain shares
(see instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 1.4%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................ IN
- -------------------------------------------------------------------------------
</TABLE>
-6-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<C> <C>
(1) NAMES OF REPORTING PERSONS................ STANLEY I. BARENBAUM
I.R.S. Identification Nos. of above
persons (entities only)......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) PF
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. USA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 50,000
(8) Shared voting power.................... 400,000
(9) Sole dispositive power................. 50,000
(10) Shared dispositive power.............. 400,000
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 450,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 1.2%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................ IN
- -------------------------------------------------------------------------------
</TABLE>
-7-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ JAMES A. POTTER
I.R.S. Identification Nos. of above
persons (entities only).......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) PF
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. USA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 40,000
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 40,000
(10) Shared dispositive power.............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 40,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 0.1%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. IN
- -------------------------------------------------------------------------------
</TABLE>
-8-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ SUMMIT CAPITAL APPRECIATION FUND LP
I.R.S. Identification Nos. of above
persons (entities only)....................... 41-1822728
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) WC
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. MINNESOTA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 400,000
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 400,000
(10) Shared dispositive power.............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 400,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 1.1%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. PN
- -------------------------------------------------------------------------------
</TABLE>
-9-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ CURTIS L. CARLSON FOUNDATION
I.R.S. Identification Nos. of above
persons (entities only)....................... 41-6028973
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) WC
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. MINNESOTA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 135,000
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 135,000
(10) Shared dispositive power.............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 135,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 0.4%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. OO
- -------------------------------------------------------------------------------
</TABLE>
-10-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ NAFCO INSURANCE COMPANY LTD. OF
I.R.S. Identification Nos. of above BERMUDA
persons (entities only)....................... 41-1692396
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) WC
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization................................. BERMUDA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 135,000
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 135,000
(10) Shared dispositive power.............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 135,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)........................... 0.4%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. IC
- -------------------------------------------------------------------------------
</TABLE>
-11-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ REVOCABLE TRUST OF GLEN D. NELSON
I.R.S. Identification Nos. of above
persons (entities only).......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) WC
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. MINNESOTA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 100,000
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 100,000
(10) Shared dispositive power.............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 100,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 0.3%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. OO
- -------------------------------------------------------------------------------
</TABLE>
-12-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ CURTIS L. CARLSON OCTAGON TRUST
I.R.S. Identification Nos. of above
persons (entities only).......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) WC
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. MINNESOTA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 80,000
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 80,000
(10) Shared dispositive power ............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 80,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 0.2%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................ OO
- -------------------------------------------------------------------------------
</TABLE>
-13-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ SCOTT C. GAGE
I.R.S. Identification Nos. of above
persons (entities only).......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) PF
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. USA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 30,000
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 30,000
(10) Shared dispositive power.............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 30,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 0.1%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. IN
- -------------------------------------------------------------------------------
</TABLE>
-14-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ RICHARD C. GAGE
I.R.S. Identification Nos. of above
persons (entities only).......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only.............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) PF
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. USA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 20,000
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 20,000
(10) Shared dispositive power.............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 20,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 0.1%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. IN
- -------------------------------------------------------------------------------
</TABLE>
-15-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ DIANA NELSON
I.R.S. Identification Nos. of above
persons (entities only),,,,,,,,,,,,,,,,,,,,,,,
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) PF
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. USA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 10,000
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 10,000
(10) Shared dispositive power.............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 10,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ > 0.1%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. IN
- -------------------------------------------------------------------------------
</TABLE>
-16-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ GEOFFREY C. GAGE
I.R.S. Identification Nos. of above
persons (entities only).......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) PF
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. USA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 10,000
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 10,000
(10) Shared dispositive power.............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 10,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ > 0.1%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. IN
- -------------------------------------------------------------------------------
</TABLE>
-17-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ WENDY M. NELSON
I.R.S. Identification Nos. of above
persons (entities only).......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) PF
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. USA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 20,000
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 20,000
(10) Shared dispositive power.............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 20,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 0.1%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. IN
- -------------------------------------------------------------------------------
</TABLE>
-18-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ JENNIFER L. NELSON TRUST
I.R.S. Identification Nos. of above
persons (entities only).......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) WC
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. MINNESOTA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 15,000
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 15,000
(10) Shared dispositive power.............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 15,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ > 0.1%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. OO
- -------------------------------------------------------------------------------
</TABLE>
-19-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ JULIET A. NELSON TRUST
I.R.S. Identification Nos. of above
persons (entities only).......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) WC
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. MINNESOTA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 15,000
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 15,000
(10) Shared dispositive power.............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 15,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ > 0.1%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. OO
- -------------------------------------------------------------------------------
</TABLE>
-20-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ REVOCABLE TRUST OF EDWIN C. GAGE
I.R.S. Identification Nos. of above
persons (entities only).......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) WC
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. MINNESOTA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 25,000
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 25,000
(10) Shared dispositive power.............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 25,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 0.1%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. OO
- -------------------------------------------------------------------------------
</TABLE>
-21-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ REVOCABLE TRUST OF BARBARA C. GAGE
I.R.S. Identification Nos. of above
persons (entities only).......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) WC
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. MINNESOTA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 25,000
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 25,000
(10) Shared dispositive power.............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 25,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 0.1%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. OO
- -------------------------------------------------------------------------------
</TABLE>
-22-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ BCU INVESTMENTS, L.L.C.
I.R.S. Identification Nos. of above
persons (entities only)....................... 41-1925582
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) WC
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. MINNESOTA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 795,100
(8) Shared voting power.................... -0-
(9) Sole dispositive power................. 795,100
(10) Shared dispositive power.............. -0-
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 795,100
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 2.2%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. 00
- -------------------------------------------------------------------------------
</TABLE>
-23-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ NASSER J. KAZEMINY
I.R.S. Identification Nos. of above
persons (entities only).......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) PF
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. USA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... -0-
(8) Shared voting power.................... 795,100
(9) Sole dispositive power................. -0-
(10) Shared dispositive power.............. 795,100
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 795,100
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 1.6%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. IN
- -------------------------------------------------------------------------------
</TABLE>
-24-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ JOHN K. ELLINGBOE
I.R.S. Identification Nos. of above
persons (entities only).......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) PF
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. USA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... 11,500
(8) Shared voting power.................... 40,000
(9) Sole dispositive power................. 11,500
(10) Shared dispositive power.............. 40,000
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 51,500
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 0.1%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. IN
- -------------------------------------------------------------------------------
</TABLE>
-25-
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
- -------------------------------------------------------------------------------
<S> <C>
(1) NAMES OF REPORTING PERSONS................ CATHERINE A. CELLA
I.R.S. Identification Nos. of above
persons (entities only).......................
- -------------------------------------------------------------------------------
(2) Check the appropriate box if a (a) X
member of a group (see instructions) ----------------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC use only..............................
- -------------------------------------------------------------------------------
(4) Source of funds (see instructions) PF
- -------------------------------------------------------------------------------
(5) Check if disclosure of legal
proceedings is required pursuant to
Items 2(d) or 2(e).
- -------------------------------------------------------------------------------
(6) Citizenship or place of
organization.................................. USA
- -------------------------------------------------------------------------------
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power...................... -0-
(8) Shared voting power.................... 40,000
(9) Sole dispositive power................. -0-
(10) Shared dispositive power.............. 40,000
- -------------------------------------------------------------------------------
(11) Aggregate amount beneficially
owned by each reporting person. 40,000
- -------------------------------------------------------------------------------
(12) Check if the aggregate amount in
Row (11) excludes certain shares (see
instructions).
- -------------------------------------------------------------------------------
(13) Percent of class represented by
amount in Row (11)............................ 0.1%
- -------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions)................................. IN
- -------------------------------------------------------------------------------
</TABLE>
-26-
<PAGE>
ITEM 1. SECURITY AND ISSUER
This statement relates to the voting Common Units of Borden Chemicals
and Plastics Limited Partnership (the "Issuer"), a Delaware limited
partnership, having its principal place of business at Highway 73, Geismar,
Louisiana 70734.
ITEM 2. IDENTITY AND BACKGROUND
This statement is filed jointly by the individuals and entities
identified below (collectively the "Holders"):
1. Marc H. Kozberg
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Kozberg is an investor and is employed by Dougherty Summit Securities
LLC
2. Bruce E. Hendry
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Hendry is an investor and is employed by Dougherty Summit Securities
LLC
3. James A. Potter
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Potter is an investor and is employed by Dougherty Summit Securities
LLC
4. Dr. Demetre Nicoloff
920 East 28th Street
Minneapolis, MN 55407
Dr. Nicoloff is a physician with an office at the above address.
5. G. James Spinner
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Spinner is an investor and is employed by Dougherty Summit Securities
LLC
-27-
<PAGE>
6. Robert H. Paymar
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Paymar is an investor and is employed by Dougherty Summit Securities
LLC
7. Stanley I. Barenbaum
c/o Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Barenbaum is an investor and is self employed
8. Summit Capital Appreciation Fund LP
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Summit Capital Fund Appreciation Fund LP is a limited partnership organized
in Minnesota. SCA Management Partners L.L.P., a Minnesota limited
liability partnership, is the general partner of Summit Capital
Appreciation Fund LP. Messrs. Kozberg, Nicoloff, Spinner, Paymar, and
Barenbaum are the partners of SCA Management Partners L.L.P.
9. Curtis L. Carlson Foundation
701 Carlson Parkway
Minneapolis, MN 55459-8215
Curtis L. Carlson Foundation is a foundation organized under the laws of
the State of Minnesota.
10. NAFCO Insurance Company Ltd. of Bermuda
701 Carlson Parkway
Minneapolis, MN 55459-8215
NAFCO Insurance Company Ltd. of Bermuda is a corporation organized under
the laws of Bermuda.
11. Revocable Trust of Glen D. Nelson
701 Carlson Parkway
Minneapolis, MN 55459-8215
Revocable Trust of Glen D. Nelson is a trust organized under the laws of
the State of Minnesota.
12. Curtis L. Carlson Octagon Trust
701 Carlson Parkway
Minneapolis, MN 55459-8215
Curtis L. Carlson Octagon Trust is a trust organized under the laws of the
State of Minnesota.
-28-
<PAGE>
13. Scott C. Gage
701 Carlson Parkway
Minneapolis, MN 55459-8215
Mr. Gage is an investor and is employed by Gage Marketing Group
14. Richard C. Gage
701 Carlson Parkway
Minneapolis, MN 55459-8215
Mr. Gage is an investor and small business owner
15. Diana Nelson
701 Carlson Parkway
Minneapolis, MN 55459-8215
Ms. Nelson is an investor
16. Geoffrey C. Gage
701 Carlson Parkway
Minneapolis, MN 55459-8215
Mr. Gage is an investor and is employed by Gage Marketing Group
17. Wendy M. Nelson
701 Carlson Parkway
Minneapolis, MN 55459-8215
Ms. Nelson is an investor
18. Jennifer L. Nelson Trust
701 Carlson Parkway
Minneapolis, MN 55459-8215
Jennifer L. Nelson Trust is a trust organized under the laws of the State
of Minnesota
19. Juliet A. Nelson Trust
701 Carlson Parkway
Minneapolis, MN 55459-8215
Juliet A. Nelson Trust is a trust organized under the laws of the State of
Minnesota
20. Revocable Trust of Edwin C. Gage
701 Carlson Parkway
Minneapolis, MN 55459-8215
Revocable Trust of Edwin C. Gage is a trust organized under the laws of the
State of Minnesota.
21. Revocable Trust of Barbara C. Gage
701 Carlson Parkway
Minneapolis, MN 55459-8215
Revocable Trust of Barbara C. Gage is a trust organized under the laws of
the State of Minnesota.
-29-
<PAGE>
22. BCU Investments, L.L.C.
7803 Glenroy Road
Bloomington, MN 55439
BCU Investments, L.L.C. is a Minnesota limited liability company. Its sole
member is Nasser J. Kazeminy.
23. Nasser J. Kazeminy
c/o BCU Investments, L.L.C.
7803 Glenroy Road
Bloomington, MN 55439
Mr. Kazeminy is an investor.
24. John K. Ellingboe
c/o BCU Investments, L.L.C.
7803 Glenroy Road
Bloomington, MN 55439
Mr. Ellingboe is an investor and employed by NJK Holding Corporation.
25. Catherine A. Cella
c/o BCU Investments, L.L.C.
7803 Glenroy Road
Bloomington, MN 55439
Ms. Cella is an investor.
None of the above-referenced Holders has, during the past five years,
been convicted in a criminal proceeding, excluding traffic violations or
similar misdemeanors, nor have any of the Holders been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction
where, as a result of such proceeding, any of the Holders became subject to a
judgment, decree, or final order enjoining future violations of, or
prohibiting or mandating activities subject to federal or state securities
laws or finding any violation with respect to such laws.
Each individual Holder is a citizen of the United States. Summit
Capital Appreciation Fund LP is a limited partnership organized in Minnesota.
Curtis L. Carlson Foundation is a foundation organized under the laws of the
State of Minnesota. NAFCO Insurance Company Ltd. of Bermuda is a corporation
organized under the laws of Bermuda. BCU Investments,
-30-
<PAGE>
L.L.C. is a limited liability company organized under the laws of the State
of Minnesota. All of the above referenced trusts are trusts organized under
the laws of the State of Minnesota.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The Common Units of the Issuer were purchased by each Holder from
available cash resources or working capital.
ITEM 4. PURPOSE OF TRANSACTION.
See Item 3. The Holders have acquired the Common Units of the Issuer
for investment purposes. The Holders specifically reserve the right to
purchase additional or sell Common Units of the Issuer if they deem it in
their best interest, and to communicate with other Unit holders of the Issuer
regarding matters of common concern as Unit holders of the Issuer. The
Holders do not have any plans or proposals respecting extraordinary corporate
transactions effecting the Issuer, sale of its assets, changes in its
management, capitalization, dividend policy, business or corporate structure,
charter or bylaws, or the listing of the Issuer's securities or similar
actions, but the Holders do intend to explore opportunities to enhance Unit
holder value. To that end, the Holders intend to explore the retention of an
investment banking firm to advise and assist Holders in evaluating strategies
for maximizing Unit holder value. Mr. Kozberg and Mr. Hendry, intend to
actively monitor management of the Issuer on behalf of the Holders and to
consult with management relating to enhancement of Unit holder value.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Information with respect to the aggregate number, and percentage, of all
outstanding Common Units beneficially owned as of December 23, 1998 by each
of the Holders is set forth below:
-31-
<PAGE>
<TABLE>
<CAPTION>
Percentage of
Name Number of Common Units Outstanding Units
---- ---------------------- -----------------
<S> <C> <C>
Marc H. Kozberg 450,000 * 1.2%
Bruce E. Hendry 1,091,300 3.0%
Dr. Demetre Nicoloff 550,000 * 1.5%
G. James Spinner 450,000 * 1.2%
Robert H. Paymar 500,000 * 1.4%
Stanley I. Barenbaum 450,000 * 1.2%
James A. Potter 40,000 0.1%
Summit Capital Appreciation
Fund LP 400,000 1.1%
Curtis L. Carlson Foundation 135,000 0.4%
NAFCO Insurance Company
Ltd. of Bermuda 135,000 0.4%
Revocable Trust of Glen D. Nelson 100,000 0.3%
Curtis L. Carlson Octagon Trust 80,000 0.2%
Scott C. Gage 30,000 0.1%
Richard C. Gage 20,000 0.1%
Diana Nelson 10,000 > 0.1%
Geoffrey C. Gage 10,000 > 0.1%
Wendy M. Nelson 20,000 0.1%
Jennifer L. Nelson Trust 15,000 > 0.1%
Juliet A. Nelson Trust 15,000 > 0.1%
Revocable Trust of Edwin C. Gage 25,000 0.1%
Revocable Trust of Barbara C. Gage 25,000 0.1%
BCU Investments, L.L.C. 795,100 2.2%
Nasser J. Kazeminy 795,100 # 2.2%
John K. Ellingboe 51,500 ^ 0.1%
Catherine A. Cella 40,000 0.1%
</TABLE>
* Includes 400,000 Common Units owned by Summit Capital Appreciation Fund LP.
# Includes 795,100 Common Units owned by BCU Investments, L.L.C.
^ Includes 40,000 Common Units held as joint tenants
The Holders' response to Items 7 through 13 of the cover pages of the
statement are incorporated herein by reference.
According to the Issuer's most current filing with the SEC, the Issuer
has 36,750,000 Common Units outstanding. The Holders, as of December 23, 1998,
collectively own 3,397,100 Units of the Issuer's Common Units, constituting
approximately 8.7% of all of the outstanding voting Common Units.
-32-
<PAGE>
Transactions by the Holders in Common Units of the Issuer since the most
recent filing of Schedule 13D, or that were not reported in previous filings,
are as follows:
<TABLE>
<CAPTION>
TYPE OF NUMBER OF PRICE/
NAME DATE TRANSACTION UNITS UNIT
---- ---- ----------- --------- -------
<S> <C> <C> <C> <C>
John K. Ellingboe^^ 10/07/98 Buy 10,000 3.13
John K. Ellingboe^^ 10/09/98 Buy 10,000 3.13
John K. Ellingboe^^ 10/29/98 Buy 10,000 3.81
John K. Ellingboe^^ 11/20/98 Buy 10,000 4.63
Wendy L. Nelson 11/24/98 Buy 20,000 4.1875
Jennifer L. Nelson Trust 11/24/98 Buy 10,000 4.3125
Juliet A. Nelson Trust 11/24/98 Buy 10,000 4.3125
CLC Octagon Trust# 11/24/98 Sell 20,000 4.1875
CLC Octagon Trust 11/24/98 Sell 10,000 4.3125
CLC Octagon Trust 11/24/98 Sell 10,000 4.3125
John K. Ellingboe 12/09/98 Buy 11,500 4.0
Jennifer L. Nelson Trust 11/30/98 Buy 5,000 4.0417
Juliet A. Nelson Trust 11/30/98 Buy 5,000 4.0417
CLC Family Foundation* 11/30/98 Buy 10,000 4.0417
NAFCO** 11/30/98 Buy 10,000 4.0417
Revocable Trust of EDG*** 11/30/98 Buy 25,000 4.0775
Revocable Trust of BCG^ 11/30/98 Buy 25,000 4.0775
BCU, L.L.C.## 12/10/98 Buy 195,200 4.2340
BCU, L.L.C.## 12/11/98 Buy 196,700 4.4371
BCU, L.L.C.## 12/14/98 Buy 37,900 4.4589
BCU, L.L.C.## 12/15/98 Buy 30,500 4.4773
BCU, L.L.C.## 12/16/98 Buy 67,800 4.4927
BCU, L.L.C.## 12/17/98 Buy 65,900 4.4725
BCU, L.L.C.## 12/18/98 Buy 26,000 4.4952
BCU, L.L.C. 12/21/98 Buy 61,000 4.4846
BCU, L.L.C. 12/22/98 Buy 114,100 4.467
TOTAL (SELL) (40,000)
TOTAL (BUY) 791,500
-------
TOTAL (NET) 751,500
</TABLE>
* Curtis L. Carlson Family Foundation
** NAFCO Insurance Company Ltd. of Bermuda
*** Revocable Trust of Edwin C. Gage
# Curtis L. Carlson Octagon Trust
^ Revocable Trust of Barbara C. Gage
## BCU Investments, L.L.C.
^^ Purchased as joint tenant with Catherine A. Cella
-33-
<PAGE>
The parallel buy and sell transactions on November 24, 1998 reflect a
reallocation of 40,000 Units of the Issuer among members of the Group. The
purchases of those Units were reflected in earlier Schedule 13D filings.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A -- Agreement as to joint filing pursuant to Regulation Section
240.13d-1(f)(1)(iii).
-34-
<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.
Dated: December 28, 1998
/s/ Bruce E. Hendry
---------------------------------------
Bruce E. Hendry
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.
Dated: December 28, 1998
/s/ Marc H. Kozberg
---------------------------------------
Marc H. Kozberg
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.
Dated: December 28, 1998
/s/ Dr. Demetre Nicoloff
---------------------------------------
Dr. Demetre Nicoloff
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.
Dated: December 28, 1998
/s/ G. James Spinner
---------------------------------------
G. James Spinner
-35-
<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.
Dated: December 28, 1998
/s/ Robert H. Paymar
---------------------------------------
Robert H. Paymar
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.
Dated: December 28, 1998
/s/ Stanley I. Barenbaum
---------------------------------------
Stanley I. Barenbaum
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.
Dated: December 28, 1998
/s/ James A. Potter
---------------------------------------
James A. Potter
-36-
<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.
Dated: December 28, 1998
SUMMIT CAPITAL APPRECIATION
FUND LP
By: SCA Management Partners L.L.P.
By: /s/ Marc H. Kozberg
--------------------------------
Marc H. Kozberg, a partner
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.
Dated: December 28, 1998
CURTIS L. CARLSON FOUNDATION
By: /s/ Donna Snyder
------------------------------------
Donna Snyder, Secretary
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.
Dated: December 28, 1998
NAFCO INSURANCE COMPANY LTD.
OF BERMUDA
By: /s/ Mary Stotts
------------------------------------
Mary Stotts, Authorized Agent
-37-
<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.
Dated: December 28, 1998
REVOCABLE TRUST OF GLEN D.
NELSON
By: /s/ Glen D. Nelson
------------------------------------
Glen D. Nelson, Trustee
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.
Dated: December 28, 1998
CURTIS L. CARLSON OCTAGON
TRUST
By: /s/ John Flottmeier
------------------------------------
John Flottmeier, Trust Manager
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.
Dated: December 28, 1998
/s/ Scott C. Gage
---------------------------------------
Scott C. Gage
-38-
<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.
Dated: December 28, 1998
/s/ Richard C. Gage
---------------------------------------
Richard C. Gage
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.
Dated: December 28, 1998
/s/ Diana L. Nelson
---------------------------------------
Diana Nelson
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.
Dated: December 28, 1998
/s/ Geoffrey C. Gage
---------------------------------------
Geoffrey C. Gage
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.
Dated: December 28, 1998
/s/ Wendy M. Nelson
---------------------------------------
Wendy M. Nelson
-39-
<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.
Dated: December 28, 1998
JENNIFER L. NELSON TRUST
By: /s/ Curtis C. Nelson
-----------------------------------
Curtis C. Nelson Trustee
----------------, ----------------
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.
Dated: December 28, 1998
JULIET A. NELSON TRUST
By: /s/ Curtis C. Nelson
-----------------------------------
Curtis C. Nelson Trustee
----------------, ----------------
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.
Dated: December 28, 1998
REVOCABLE TRUST OF EDWIN C.
GAGE TRUST
By: /s/ John Flottmeier
-----------------------------------
John Flottmeier Trust Manager
----------------, ----------------
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<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.
Dated: December 28, 1998
REVOCABLE TRUST OF BARBARA C.
GAGE
By: /s/ John Flottmeier
-----------------------------------
John Flottmeier Trust Manager
----------------, ----------------
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.
Dated: December 28, 1998
BCU INVESTMENTS, L.L.C.
By: /s/ Nasser J. Kazeminy
-----------------------------------
Nasser J. Kazeminy, Chairman
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.
Dated: December 28, 1998
/s/ Nasser J. Kazeminy
-----------------------------------
Nasser J. Kazeminy
-41-
<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.
Dated: December 28, 1998
/s/ John K. Ellingboe
-----------------------------------
John K. Ellingboe
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.
Dated: December 28, 1998
/s/ Catherine A. Cella
-----------------------------------
Catherine A. Cella
-42-
<PAGE>
EXHIBIT A
AGREEMENT AS TO JOINT FILING
Pursuant to Regulation Section 240.13d-1(f)(1)(iii), the undersigned
acknowledge and agree that the attached Schedule 13D relating to Borden
Chemicals and Plastics Limited Partnership is being filed on behalf of each
of the undersigned.
/s/ Bruce E. Hendry
-----------------------------------
Bruce E. Hendry
/s/ Marc H. Kozberg
-----------------------------------
Marc H. Kozberg
/s/ Dr. Demetre Nicoloff
-----------------------------------
Dr. Demetre Nicoloff
/s/ G. James Spinner
-----------------------------------
G. James Spinner
/s/ Robert H. Paymar
-----------------------------------
Robert H. Paymar
/s/ Stanley I. Barenbaum
-----------------------------------
Stanley I. Barenbaum
/s/ James A. Potter
-----------------------------------
James A. Potter
SUMMIT CAPITAL APPRECIATION
FUND LP
By: SCA Management Partners L.L.P.
By: /s/ Marc H. Kozberg
---------------------------
Marc H. Kozberg, a partner
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<PAGE>
CURTIS L. CARLSON FOUNDATION
By: /s/ Donna D. Snyder
--------------------------------
Donna Snyder, Secretary
NAFCO INSURANCE COMPANY LTD.
OF BERMUDA
By: /s/ Mary Stotts
--------------------------------
Mary Stotts, Authorized Agent
REVOCABLE TRUST OF GLEN D.
NELSON
By: /s/ Glen D. Nelson
--------------------------------
Glen D. Nelson, Trustee
CURTIS L. CARLSON OCTAGON
TRUST
By: /s/ John Flottmeier
--------------------------------
John Flottmeier, Trust Manager
/s/ Scott C. Gage
--------------------------------
Scott C. Gage
/s/ Richard C. Gage
--------------------------------
Richard C. Gage
/s/ Diana L. Nelson
--------------------------------
Diana Nelson
/s/ Geoffrey C. Gage
--------------------------------
Geoffrey C. Gage
/s/ Wendy M. Nelson
--------------------------------
Wendy M. Nelson
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<PAGE>
JENNIFER L. NELSON TRUST
By: /s/ Curtis C. Nelson
------------------------------
Curtis C. Nelson Trustee
----------------, ------------
JULIET A. NELSON TRUST
By: /s/ Curtis C. Nelson
------------------------------
Curtis C. Nelson Trustee
----------------, ------------
REVOCABLE TRUST OF EDWIN C.
GAGE
By: /s/ John Flottmeier
------------------------------
John Flottmeier Trust Manager
---------------, -------------
REVOCABLE TRUST OF BARBARA C.
GAGE
By: /s/ John Flottmeier
------------------------------
John Flottmeier Trust Manager
---------------, -------------
BCU INVESTMENTS, L.L.C.
By: /s/ Nasser J. Kazeminy
------------------------------
Nasser J. Kazeminy, Chairman
/s/ Nasser J. Kazeminy
----------------------------------
Nasser J. Kazeminy
/s/ John K. Ellingboe
----------------------------------
John K. Ellingboe
/s/ Catherine A. Cella
----------------------------------
Catherine A. Cella
-45-
