Rule 424(c) and Rule 424(b)(3) Filing
Registration Statement No. 33-57441
SEALED AIR CORPORATION
SUPPLEMENT DATED JULY 31, 1995
TO PROSPECTUS DATED FEBRUARY 21, 1995
The 90-day period specified in the first paragraph under
"Plan of Distribution" has ended without the need for any extension
in such period. During such period, as stated in the Prospectus,
all shares held by The New Zealand Guardian Trust Company, as
Escrow Agent (the "Escrow Agent"), and 107,976 of the shares held
by Griton Holdings Limited ("Griton") were sold with the benefit
of the price protection provision described in the Prospectus,
and approximately $1.2 million in excess of the net proceeds
guaranteed to Griton and the Escrow Agent were paid to Sealed Air
Holdings (NZ) Limited. The balance of such net proceeds,
amounting to approximately $55.55 (NZ) per share, were remitted
to Griton and the Escrow Agent.
As contemplated by the Prospectus, after the end of such
period and after giving effect to other sales made without the
benefit of such price protection provision, Griton transferred
all of the remaining unsold shares covered by this offering to
the former shareholders of Trigon Industries Limited ("Trigon")
who could be considered the beneficial owners of such shares,
including beneficiaries of the employee share trust previously
maintained by Trigon, or their successors in interest. The names
of such persons and the number of shares of Sealed Air's Common
Stock held by each of them that are subject to this offering are
set forth below, which list replaces the list of Selling Stockholders
included in the Prospectus, including Exhibit A to the Prospectus.
As noted in the Prospectus, each of the persons listed below may be
considered to be a Selling Stockholder pursuant to this
Prospectus with respect to the shares listed below. Neither
Sealed Air nor any of its subsidiaries will receive any of the
proceeds of the sale of such shares. To the knowledge of Sealed
Air, the only shares of Sealed Air's Common Stock owned by the
persons listed below as of the date of this Supplement are the
shares indicated below opposite their names, except that Messrs.
Sargisson, Bushell and Fisher hold 4,588, 3,439 and 3,900
additional shares of Sealed Air's Common Stock, respectively,
acquired after February 21, 1995 that are not subject to this
registration statement.
Number of Shares
Names of Selling Subject to
Stockholders This Offering
Ferguson Holdings Limited 200,000
James William Company Limited 132,393
Mrs. P. C. Armstrong 3,318
Mr. L. M. Belz 6,514
Salish Investments Limited 36,789
Mr. J. C. M. Gibb, Mr. A. S. Henry 23,700
and Mr. R. L. Ancell, as trustees
of the Gibb Family Trust
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Number of Shares
Names of Selling Subject to
Stockholders This Offering
Mr. J. C. M. Gibb 16,999
Brylin Group Limited 37,137
Mr. C. A. S. Newbald 2,864
Mr. M. N. Sargisson 3,336
Mr. A. B. Adams 78
Domino International Pty. Limited 4,977
Mrs. M. A. Ancell 461
Mr. R. L. Ancell 2,765
Mr. H. R. Anderson 200
Mr. J. K. Arnold 391
Mrs. S. A. Ballard 140
Mr. R. L. Barnett 685
Mr. A. F. Birch 200
Mr. B. J. Bourke 2,590
Mr. E. C. Bushell 345
Mr. G. A. Campbell 760
Mr. G. J. Cassey 100
Mr. W. P. Catcheside 1,538
Mr. K. M. Chubb 17,245
Mrs. M. D. Chubb 1,021
Mr. B. E. Cleland 100
Mr. J. S. Dawson 800
Mr. D. S. A. Dockerty 41
Mr. C. V. Downey 40
Mr. M. C. Eddy 100
Mr. G. T. Fisher 1,324
Mrs. M. Y. Foreman 761
Mr. R. E. Frew 736
Mr. M. G. Fullerton 1,998
Mr. G. V. Gaugl 1,327
Mr. L. B. Guilford 339
Mr. A. R. Heathcote 370
Mr. G. Henshilwood 713
Mrs. C. G. Herbert 331
Mr. S. W. Jordan 1,373
Mr. B. Keller 27
Mr. P. S. Lane 100
Mr. M. J. Loft 758
Mr. R. M. Mackintosh 41
Mr. R. S. Manderson 1,189
Mr. D. R. McClenaghan 1,235
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Number of Shares
Names of Selling Subject to
Stockholders This Offering
Mrs. M. W. McDonald 248
Mrs. K. E. McGuire 248
Mr. G. P. Metzger 6,503
Mr. B. G. Moller 414
Mrs. J. M. Moore 497
Mr. W. D. Morrison 423
Mr. R. I. Mouncey, Mrs. M. M. Mouncey 4,795
and Mr. D. G. Muller, as trustees of the
Mouncey Family Trust
Mr. M. S. Samuelson 203
Mr. I. Smith 497
Mr. L. G. Smith 1,023
Mr. D. J. Snowdon 39
Mr. T. W. Stevens 1,208
Mrs. J. A. Terry 410
Mr. S. D. Tree 184
Mr. G. T. Wardrop 516
Mrs. D. Wijnstok 417
Mr. R. Wijnstok 7,439
Total 535,313
