SEALED AIR CORP
POS AM, 1996-08-21
PLASTICS PRODUCTS, NEC
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As Filed with the Securities and Exchange Commission on August 21, 1996
                                           Registration No. 33-68614
                                     
                    SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C.  20549

                    POST-EFFECTIVE AMENDMENT NO. 2 TO 
                                 FORM S-3 
                       REGISTRATION STATEMENT UNDER
                        THE SECURITIES ACT OF 1933
        
                                     
                          SEALED AIR CORPORATION
            (Exact Name of Issuer as Specified in its Charter)


State or Other Jurisdiction of Incorporation or Organization: Delaware
I.R.S. Employer Identification Number:  22-1682767
Address of principal executive offices:  Park 80 East
   Saddle Brook, New Jersey 07663-5291
Registrant's telephone number, including area code: (201)791-7600

                        ROBERT M. GRACE, JR. ESQ.                
                             General Counsel 
                          SEALED AIR CORPORATION
                               Park 80 East
                    Saddle Brook, New Jersey 07663-5291
                  (Name and Address of Agent for Service)

Telephone Number, Including Area Code, or Agent for Service:(201) 791-7600

If any of the securities being registered on this Form are to be
offered on a delayed or continuous basis pursuant to Rule 415
under the Securities Act of 1933 other than securities offered
only in connection with dividend or interest reinvestment plans,
check the following box [x]

     This Post-Effective Amendment No. 2 is filed for the purpose
of deregistering 205,646 shares of the common stock, par value
$.01 per share, ("Common Stock") of Sealed Air Corporation  (the
"Company") heretofore registered and offered pursuant to the
terms of the Prospectus dated September 29, 1995.  The remaining
227,000 shares registered pursuant to Post-Effective Amendment
No. 1 to this Registration Statement on Form S-3 (File No. 33-
68614) have been offered and sold in accordance with the
Prospectus.

     The offering under such Registration Statement, as amended,
has been terminated.  The Company therefore requests the
deregistration of the unsold shares of Common Stock registered
pursuant to this Registration Statement as soon as is practicable
after the date of the filing of this Post-Effective Amendment No.
2.

                                SIGNATURES

          Pursuant to the requirements of the Securities Act of
1933, the Registrant certifies that it has reasonable grounds to
believe that it meets all of the requirements for filing on Form
S-3 and has duly caused this Post-Effective Amendment to the
Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the Town of Saddle
Brook and the State of New Jersey, on the 21th day of August, 
1996.

                                   SEALED AIR CORPORATION

                                   By T. J. DERMOT DUNPHY
                                      T. J. Dermot Dunphy,
                                            President

              
          Pursuant to the requirements of the Securities Act of
1933, this Post-Effective Amendment to the Registration Statement
has been signed below by the following persons in the capacities
and on the dates indicated.

     Signature                Title                    Date

T. J. DERMOT DUNPHY      President and Director   August 21, 1996
T. J. Dermot Dunphy      (Principal Executive 
                         Officer)

          *              Senior Vice President-   August 21, 1996
Warren H. McCandless     Finance
                         (Principal Financial and
                         Accounting Officer)

         *               Director                 August 21, 1996
John K. Castle

         *               Director                 August 21, 1996
Lawrence R. Codey

         *               Director                 August 21, 1996
Charles F. Farrell, Jr.       
         
         *               Director                 August 21, 1996
David Freeman

         *               Director                 August 21, 1996
Alan H. Miller

         *               Director                 August 21, 1996
R. L. San Soucie             
          
*By T. J. DERMOT DUNPHY
  T. J. Dermot Dunphy,
    Attorney-in-Fact



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