<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)
August 3, 1999
--------------
(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 2 pages)
<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 member of a (a) X
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................................ 972,400
(8) Shared voting power.............................. -0-
(9) Sole dispositive power........................... 972,400
(10) Shared dispositive power........................ -0-
- -----------------------------------------------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by each
reporting person. 972,400
- -----------------------------------------------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- -----------------------------------------------------------------------------------------------------------------------
(13) Percent of class represented by amount in Row (11)... 2.6%
- -----------------------------------------------------------------------------------------------------------------------
(14) Type of reporting person (see instructions).......... OO
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
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<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
<TABLE>
<S> <C>
- -----------------------------------------------------------------------------------------------------------------------
(1) Names of reporting persons............................
I.R.S. Identification Nos. of above persons NASSER J. KAZEMINY
(entities only)...........................................
- -----------------------------------------------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a (a) X
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.............................. 972,400
(9) Sole dispositive power........................... -0-
(10) Shared dispositive power........................ 972,400
- -----------------------------------------------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by each
reporting person. 972,400
- -----------------------------------------------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- -----------------------------------------------------------------------------------------------------------------------
(13) Percent of class represented by amount in Row (11)... 2.6%
- -----------------------------------------------------------------------------------------------------------------------
(14) Type of reporting person (see instructions).......... IN
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
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<PAGE>
INTRODUCTION
The members of this Section 13(d) filing group (the "Holders")
originally filed a Schedule 13D relating to Borden Chemicals and Plastics
Limited Partnership (the "Issuer") on October 28, 1998. The original filing
was amended on November 27, 1998, December 28, 1998, May 10, 1999 and July
30, 1999. This filing is the fifth amendment to the original Schedule 13D
filing.
This amendment to Schedule 13D serves only to report certain
transactions by BCU Investments, L.L.C. in the securities of the Issuer that
were inadvertently excluded from previous reports. All other information
contained in the most recent amendment filed via EDGAR on July 30, 1999,
remains accurate. Cover pages are included only to the extent necessary to
report holdings incorrectly reported in the July 30, 1999 amendment.
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<PAGE>
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 July 27, 1999 by each
of the Holders is set forth below:
<TABLE>
<CAPTION>
Percentage of
Name Number of Common Units Outstanding Units
---- ---------------------- -----------------
<S> <C> <C>
Marc H. Kozberg 295,000 * 0.8%
Bruce E. Hendry 1,191,300 3.2%
Dr. Demetre Nicoloff 387,700 * 1.1%
G. James Spinner 295,000 * 0.8%
Robert H. Paymar 345,000 *^ 0.9%
Stanley I. Barenbaum 275,000 * 0.7%
James A. Potter 305,000 *@ 0.8%
Summit Capital Appreciation
Fund LP 245,000 0.7%
Curtis L. Carlson Foundation 71,300 0.2%
NAFCO Insurance Company
Ltd. of Bermuda 71,400 0.2%
Revocable Trust of Glen D. Nelson 50,000 0.1%
Curtis L. Carlson Octagon Trust 42,300 0.1%
Scott C. Gage 15,000 < 0.1%
Richard C. Gage 10,000 < 0.1%
Revocable Trust of Diana Nelson 5,000 < 0.1%
Geoffrey C. Gage 5,000 < 0.1%
Wendy M. Nelson 10,000 < 0.1%
Jennifer L. Nelson Trust 7,500 < 0.1%
Juliet A. Nelson Trust 7,500 < 0.1%
Revocable Trust of Edwin C. Gage 12,500 < 0.1%
Revocable Trust of Barbara C. Gage 12,500 < 0.1%
BCU Investments, L.L.C. 972,400 2.6%
Nasser J. Kazeminy 972,400 # 2.6%
</TABLE>
* Includes 245,000 Common Units owned by Summit Capital Appreciation Fund LP.
# Includes 972,400 Common Units owned by BCU Investments, L.L.C.
^ Includes 32,600 Common Units subject to call options at $10.00 per Unit
expiring November 20, 1999 and 1,300 Common Units subject to call options at
$10.00 per Unit expiring February 19, 2000.
@ Includes 5,000 Common Units owned as joint tenant with spouse and 5,000
Common Units controlled in custodial accounts of minor children.
On May 10, 1999, the Issuer had 36,750,000 Common Units outstanding.
The Holders, as of July 27, 1999, collectively owned 3,161,400 Units of the
Issuer's Common Units, constituting approximately 8.6% of all of the
outstanding voting Common Units.
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<PAGE>
Transactions by BCU Investments, L.L.C. in Common Units of the Issuer
that were inadvertently excluded from previous Schedule 13D Amendments are as
follows:
<TABLE>
<CAPTION>
TYPE OF NUMBER OF PRICE/
NAME DATE TRANSACTION UNITS UNIT
---- ---- ----------- ----- ----
<S> <C> <C> <C> <C>
BCU Investments, L.L.C. 12/21/98 Buy 61,000 4.4846
BCU Investments, L.L.C. 12/22/98 Buy 114,100 4.4670
BCU Investments, L.L.C. 12/23/98 Buy 128,800 4.4904
BCU Investments, L.L.C. 12/24/98 Buy 93,500 4.5000
BCU Investments, L.L.C. 12/28/98 Buy 55,000 4.5000
</TABLE>
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: August 13, 1999
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: August 13, 1999
/s/ Nasser J. Kazeminy
-----------------------------
Nasser J. Kazeminy
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