FIBREBOARD CORP /DE
SC 13D/A, 1995-11-08
SAWMILLS & PLANTING MILLS, GENERAL
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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                 SCHEDULE 13D

                 UNDER THE SECURITIES EXCHANGE ACT OF 1934
                            (AMENDMENT NO.    2     )*
                                          ---------

                            FIBREBOARD CORPORATION
           --------------------------------------------------------
                                (Name of Issuer)

                      Common Stock, Par Value $.01 per share
           --------------------------------------------------------
                          (Title of Class of Securities)

                                  315712-10-9
           --------------------------------------------------------
                                 (CUSIP Number)

              Donald F. McAleenan, 2121 N. California Boulevard,
                      Suite 560, Walnut Creek, CA  94596
                               (510) 274-0700
- --------------------------------------------------------------------------------
           (Name, Address and Telephone Number of Person Authorized
                     to Receive Notices and Communications)

                               October 24, 1995
           --------------------------------------------------------
            (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(b)(3) or (4),  check the following
box / /.

Check  the  following box if a fee is  being paid  with the statement  / /.  (A
fee is not required only if the reporting 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.)

NOTE:  Six  copies  of  this statement, including all exhibits, should be filed
with the Commission.  See Rule 13d-1(a) for other parties to whom copies are to
be sent.

*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 disclosures provided in a prior cover page.

The  information  required  on  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>

                                 SCHEDULE 13D

CUSIP NO. 315712-10-9                                     PAGE  2  OF  6  PAGES
          -----------                                          ---    ---


- -------------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON.
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     John D. Roach
     ###-##-####
- -------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a)  / /
                                                                       (b)  / /
- -------------------------------------------------------------------------------
 (3) SEC USE ONLY

- -------------------------------------------------------------------------------
 (4) SOURCE OF FUNDS*
                        PF
- -------------------------------------------------------------------------------
 (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
     ITEMS 2(d) OR 2(e)                                                     / /
- -------------------------------------------------------------------------------
 (6) CITIZENSHIP OR PLACE OF ORGANIZATION

     United States
- -------------------------------------------------------------------------------
NUMBER OF SHARES              (7) SOLE VOTING POWER
 BENEFICIALLY OWNED                 374,012
 BY EACH REPORTING           --------------------------------------------------
 PERSON WITH                  (8) SHARED VOTING POWER

                             --------------------------------------------------
                              (9) SOLE DISPOSITIVE POWER
                                    374,012
                             --------------------------------------------------
                             (10) SHARED DISPOSITIVE POWER

- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         374,012
- -------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /

- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         4.2%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*

         IN
- -------------------------------------------------------------------------------
                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
         INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
      (INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION

                                   Page 2 OF 6

<PAGE>

                                  SCHEDULE 13D

Mr. Roach hereby amends and supplements this statement on Schedule 13D
originally filed on October 25, 1993 relating to the Common Stock of Fibreboard
Corporation (the "Company").  Unless otherwise indicated, each capitalized term
used but not defined herein shall have the meaning assigned to such term in the
initial filing.

Item 1.   SECURITY AND ISSUER.

          This statement relates to the Common Stock, par value $.01 per share,
          of Fibreboard Corporation, California Plaza Building, 2121 N.
          California Blvd., Suite 560, Walnut Creek, CA  94596 (the "Common
          Stock").

Item 2.   IDENTITY AND BACKGROUND.

          (a)  The person filing this statement is John D. Roach.

          (b)  Mr. Roach's business address is Fibreboard Corporation,
               California Plaza Building, 2121 N. California Blvd., Suite 560,
               Walnut Creek, CA  94596.

          (c)  The principal occupation of Mr. Roach is Chairman and Chief
               Executive Officer of the Issuer.

          (d)  Mr. Roach has not, during the last five years, been convicted in
               any criminal proceeding.

          (e)  Mr. Roach has not, during the last five years, been a party to a
               civil proceeding of a judicial or administrative body of
               competent jurisdiction as a result of which proceeding he was or
               is 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.

          (f)  Mr. Roach is a United States citizen.

Item 3.   SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

          In aggregate, 40,000 shares of Common Stock were purchased by Mr.
          Roach in August and October 1991, from personal funds.

          In aggregate, 100,000 shares were issued to Mr. Roach in June, July
          and December 1992, as a result of the vesting of restricted stock
          rights granted under


                                   Page 3 of 6

<PAGE>

          the Issuer's Restated 1988 Employee Stock Option and Rights Plan, as
          amended (the "Option Plan").

          34,012 shares were issued to Mr. Roach in October 1995, as a result of
          the exercise of 50,000 options. The Company withheld 15,988 shares
          in payment of Mr. Roach's withholding taxes. Such options had an
          exercise price of $2.50 per share.

          350,000 shares are issuable to Mr. Roach as a result of the vesting of
          stock options granted under the Option Plan.  Such options have an
          exercise price of $2.50 per share.

          Mr. Roach currently owns beneficially 374,012 shares of Common Stock,
          which includes 24,012 shares owned of record and 350,000 shares
          issuable upon exercise of options to purchase shares of the Issuer's
          Common Stock.

          On April 13, 1995, the Board of Directors of the Company approved a
          two-for-one split of the Company's Common Stock effected in the
          form of a stock dividend.  This (i) increased the number of shares
          covered by each option by 100% and reduced the exercise price per
          share by 50% and (ii) increased the number of shares already owned by
          stockholders of record by 100%.  All share amounts reported in this
          Schedule 13D filing reflect the results of the stock split.

Item 4.   PURPOSE OF TRANSACTION.

          Mr. Roach has no current plans or proposals relating to any matter set
          forth under Item 4 of Schedule 13D.

Item 5.   INTEREST IN SECURITIES OF THE ISSUER.

          (a)  The following table sets forth information regarding the
               aggregate number of shares and percentage of the outstanding
               shares of Common Stock of the Issuer beneficially owned by
               Mr. Roach as of November 7, 1995:


                                   Page 4 of 6

<PAGE>


<TABLE>
<CAPTION>
Name of Beneficial       Shares Owned        Percentage of Shares
     Owner               Beneficially             Outstanding
- ------------------       ------------        ---------------------
<S>                      <C>                 <C>
  John D. Roach          374,012(i)                    4.2%
</TABLE>
                    (i)  Includes 24,012 shares owned of record by Mr. Roach and
                         350,000 shares issuable to Mr. Roach upon exercise of
                         options to purchase shares of the Issuer's Common
                         Stock.  Such options are currently exercisable.

          (b)  Mr. Roach has the sole power to vote and to dispose of 24,012
               shares owned of record by him and sole power (upon exercise) to
               vote and dispose of 350,000 shares issuable upon exercise of
               options owned directly by him.

          (c)  During the past sixty (60) days, Mr. Roach sold 34,000 shares on
              the open market as follows:

<TABLE>
<CAPTION>
               ----------------------------------------------------------------
               DATE OF SALE        NO. OF SHARES SOLD       PRICE PER SHARE
               ----------------------------------------------------------------
               <S>                 <C>                      <C>
               10/24/95             4,000                   $25.00
               ----------------------------------------------------------------
               10/24/95             2,500                   $25.125
               ----------------------------------------------------------------
               11/2/95              5,000                   $24.00
               ----------------------------------------------------------------
               11/2/95              5,000                   $24.125
               ----------------------------------------------------------------
               11/3/95             17,500                   $25.25
               ----------------------------------------------------------------
</TABLE>

          (d)  To the best knowledge of Mr. Roach, no other person has the right
               to receive or the power to direct the receipt of dividends from,
               or the proceeds from the sale of, the Common Stock beneficially
               owned by him.

          (e)  August 8, 1995.


                                   Page 5 of 6

<PAGE>


     Item 6.   CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
               RESPECT TO SECURITIES OF THE ISSUER.

               None, except Mr. Roach is party to standard option agreements
               with the Issuer relating to stock options granted to him.

     Item 7.   MATERIAL TO BE FILED AS EXHIBITS.

               None.


                                   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:              November 8, 1995
               -------------------------

Signature:     /s/   John D. Roach
               -------------------------

               John D. Roach
Name/Title:    Chairman & Chief Executive Officer
               -----------------------------------






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