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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
JPS INDUSTRIES, INC.
--------------------
(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
46624E405
---------------------------
(CUSIP Number)
December 31, 1999
-----------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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SCHEDULE 13G
CUSIP NO. 46624E405
===============================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MASTER RETIREMENT PENSION TRUST OF JPS INDUSTRIES, INC.
===============================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* a [ ]
b [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
PENNSYLVANIA
===============================================================================
5 SOLE VOTING POWER
1,925,658
NUMBERS OF
SHARES ===============================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH 0
REPORTING ===============================================================
PERSON WITH 7 SOLE DISPOSITIVE POWER
1,925,658
===============================================================
8 SHARED DISPOSITIVE POWER
0
===============================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,925,658
===============================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
===============================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
19.257%
===============================================================================
12 TYPE OF REPORTING PERSON*
EP
===============================================================================
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Item 1(a). Name of Issuer
JPS INDUSTRIES, INC.
- -------------------------------------------------------------------------------
Item 1(b). Address of Issuer's Principal Executive Offices
555 N. PLEASANTVILLE DRIVE SUITE 202 GREENVILLE, SC 29607
- -------------------------------------------------------------------------------
Item 2(a). Name of Person Filing
MASTER RETIREMENT PENSION TRUST OF JPS INDUSTRIES, INC.
- -------------------------------------------------------------------------------
Item 2(b). Address of Principal Business Office
MELLON BANK, N.A.; ONE MELLON BANK CENTER, ROOM 0930;
PITTSBURGH, PA 15258-0001
- --------------------------------------------------------------------------------
Item 2(c). Citizenship
PENNSYLVANIA
- --------------------------------------------------------------------------------
Item 2(d). Title of Class of Securities
COMMON STOCK
- --------------------------------------------------------------------------------
Item 2(e). CUSIP Number
46624E405
- --------------------------------------------------------------------------------
If This (a) [ ] Broker or dealer registered under Section 15 of the
Statement Is Act
Filed (b) [ ] Bank as defined in section 3(a)(6) of the Act
Pursuant to (c) [ ] Insurance Company as defined in section 3(a)(19) of
Rules 13d- the Act
1(b), or 13d- (d) [ ] Investment Company registered under section 8 of the
2(b), Check Investment Company Act
Whether the (e) [ ] Investment Advisor registered under section 203 of
Person Filing the Investment Advisors Act of 1940
Is a (f) [X] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Rule
13d-1(b)(1)(ii)(F).
(g) [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G).
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
- --------------------------------------------------------------------------------
Item 4(a). Amount Beneficially Owned
1,925,658
- --------------------------------------------------------------------------------
Item 4(b). Percent of Class
19.257%
- --------------------------------------------------------------------------------
Item 4(c). Number of Shares as to Which the Person has
(i) Sole Power to Vote or to Direct the Vote
1,925,658
(ii) Shared Power to Vote or to Direct the Vote
0
(iii) Sole Power to Dispose or to Direct the
Disposition of
1,925,658
(iv) Shared Power to Dispose or to Direct the
Disposition of
0
- --------------------------------------------------------------------------------
Item 5. Ownership of Five Percent or Less of a Class
NOT APPLICABLE
- --------------------------------------------------------------------------------
Item 6. Ownership of More than Five Percent on Behalf of Another
Person
NOT APPLICABLE
- --------------------------------------------------------------------------------
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Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported
on By the Parent Holding Company
NOT APPLICABLE
- --------------------------------------------------------------------------------
Item 8. Identification and Classification of Members of the Group
NOT APPLICABLE
- --------------------------------------------------------------------------------
Item 9. Notice of Dissolution of Group
NOT APPLICABLE
- --------------------------------------------------------------------------------
Item 10. Certification
BY SIGNING BELOW I CERTIFY THAT, TO THE BEST OF MY
KNOWLEDGE AND BELIEF, THE SECURITIES REFERRED TO
ABOVE WERE ACQUIRED IN THE ORDINARY COURSE OF
BUSINESS AND WERE NOT ACQUIRED FOR THE PURPOSE OF
AND WITH THE EFFECT OF CHANGING OR INFLUENCING THE
CONTROL OF THE ISSUER OF THE SECURITIES AND WERE
NOT ACQUIRED IN CONNECTION WITH OR AS A
PARTICIPANT IN ANY TRANSACTION HAVING THAT PURPOSE
OR EFFECT.
- --------------------------------------------------------------------------------
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.
By: /s/ Wm Ellis Jackson
-------------------------------
Member, Investment Committee
Date: February 14, 2000
