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OMB APPROVAL
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OMB Number 3235-0104
Expires: April 30, 1997
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Keene Creditors Trust
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(Last) (First) (Middle)
The Chancery, 190 Willis Avenue
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(Street)
Mineola NY 11501
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
07/31/96
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Reinhold Industries, Inc. (formerly Keene Corporation)
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5 Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Year)
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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<S> <C> <C> <C>
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
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FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 7. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Security Exer- tion of Derivative (I) Ownership
(Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Class B Comon Stock, Class A Common Stock, Not
$0.01 par value 8/31/98 7/31/06 $0.01 par value 1,020,000 Applicable* D
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Explanation of Responses:
The trustees of the trust are Archie R. Dykes, Richard A. Lippe, and John J.
Robbins. The trustees are record owners of the Class B Common Stock, but neither
such statement nor the filing of this report shall be construed as an admission
that such persons have any beneficial interest in the Class B Common Stock.
* See additional disclosure on page 3 of this Form 3
/s/Richard A. Lippe August 12, 1996
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**Signature of Reporting Person Date
Richard A. Lippe, Managigng Trustee
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient. See Instruction 6 for procedure.
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Item 1. Name and Address of Reporting Person
Keene Creditors Trust
The Chancery, 190 Willis Avenue
Mineola, NY 11501
Item 2. Date of Event Requiring Statement (Month/Day/Year)
July 31, 1996
Item 4. Issuer Name and Ticker of Trading Symbol
Reinhold Industries, Inc. (formerly Keene Corporation)
Table II: Item 4 (additional disclosure)
The Amended and Restated Certificate of Incorporation (the
"Certificate") of Reinhold Industries, Inc. provides that only the Trust may
hold shares of Class B Common Stock and that, upon the sale, transfer or
disposition of any shares of Class B Common Stock by the Trust (other than to an
entity in which the Trust owns all the beneficial interests or in connection
with the pledge or hypothecation of such shares to secure bona fide indebtedness
that is not convertible into Class B Common Stock), such shares shall
automatically be converted into an equal number of shares of Class A Common
Stock. The Certificate also provides that all of the then outstanding shares of
Class B Common Stock shall automatically be converted into an equal number of
shares of Class A Common Stock upon the earlier to occur of (a) the date upon
which the shares of Class B Common Stock owned by the Trust represent less than
10% of the aggregate outstanding shares of Common Shares and (b) the tenth
anniversary of July 31, 1996.
The Certificate also provides that, for a period of 25 months
from July 31, 1996, an owner of greater than 5% of the issued and outstanding
Common Stock (including therefore the Trust) may not transfer, convey, assign,
pledge or otherwise dispose of all or any interest in its shares of Common Stock
or grant an option or contractual right to acquire ownership (collectively, to
"Transfer") of such shares.
