SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _____________)*
Delta and Pine Land Company
---------------------------
(Name of Issuer)
Common Stock, par value $.10 per share
--------------------------------------
(Title of Class of Securities)
247357106
---------
(CUSIP Number)
April 29, 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:
[ ] Rule 13d-1(b)
[x] 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).
<PAGE>
<TABLE>
<CAPTION>
13G
CUSIP NO. 247357106
- ------------ -----------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
G Industries Corp.
- ------------ -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- ------------ -----------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------- ---------- ----------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------- ----------------------------------------------------
6 SHARED VOTING POWER
287,808
---------- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
---------- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
287,808
- ------------ -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
287,808
- ------------ -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------ -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.7%
- ------------ -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- ------------ -----------------------------------------------------------------------------
Page 2 of 17
<PAGE>
13G
CUSIP NO. 247357106
- ------------ -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
G-I Holdings Inc.
- ------------ -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- ------------ -----------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------- ---------- ----------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------- ----------------------------------------------------
6 SHARED VOTING POWER
287,808
---------- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
---------- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
287,808
- ------------ -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
287,808
- ------------ -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------ -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.7%
- ------------ -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- ------------ -----------------------------------------------------------------------------
Page 3 of 17
<PAGE>
13G
CUSIP NO. 247357106
- ------------ -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Building Materials Corporation of America
- ------------ -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- ------------ -----------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------- ---------- ----------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------- ----------------------------------------------------
6 SHARED VOTING POWER
287,808
---------- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
---------- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
287,808
- ------------ -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
287,808
- ------------ -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------ -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.7%
- ------------ -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- ------------ -----------------------------------------------------------------------------
Page 4 of 17
<PAGE>
13G
CUSIP NO. 247357106
- ------------ -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Building Materials Investment Corporation
- ------------ -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- ------------ -----------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------- ---------- ----------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 287,808
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------- ----------------------------------------------------
6 SHARED VOTING POWER
0
---------- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
287,808
---------- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- ------------ -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
287,808
- ------------ -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------ -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.7%
- ------------ -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- ------------ -----------------------------------------------------------------------------
Page 5 of 17
<PAGE>
13G
CUSIP NO. 247357106
- ------------ -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GAF Building Materials Corporation
- ------------ -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- ------------ -----------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------- ---------- ----------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------- ----------------------------------------------------
6 SHARED VOTING POWER
287,808
---------- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
---------- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
287,808
- ------------ -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
287,808
- ------------ -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------ -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.7%
- ------------ -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- ------------ -----------------------------------------------------------------------------
Page 6 of 17
<PAGE>
13G
CUSIP NO. 247357106
- ------------ -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GAF Corporation
- ------------ -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- ------------ -----------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------- ---------- ----------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------- ----------------------------------------------------
6 SHARED VOTING POWER
287,808
---------- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
---------- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
287,808
- ------------ -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
287,808
- ------------ -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------ -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.7%
- ------------ -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- ------------ -----------------------------------------------------------------------------
Page 7 of 17
<PAGE>
13G
CUSIP NO. 247357106
- ------------ -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ISP Opco Holdings Inc.
- ------------ -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- ------------ -----------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------- ---------- ----------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------- ----------------------------------------------------
6 SHARED VOTING POWER
168,241
---------- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
---------- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
168,241
- ------------ -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
168,241
- ------------ -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------ -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.4%
- ------------ -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- ------------ -----------------------------------------------------------------------------
Page 8 of 17
<PAGE>
13G
CUSIP NO. 247357106
- ------------ -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ISP Investments Inc.
- ------------ -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- ------------ -----------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------- ---------- ----------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 168,241
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------- ----------------------------------------------------
6 SHARED VOTING POWER
0
---------- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
168,241
---------- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- ------------ -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
168,241
- ------------ -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------ -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.4%
- ------------ -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- ------------ -----------------------------------------------------------------------------
Page 9 of 17
<PAGE>
13G
CUSIP NO. 247357106
- ------------ -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
International Specialty Products Inc.
- ------------ -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- ------------ -----------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------- ---------- ----------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 87,923
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------- ----------------------------------------------------
6 SHARED VOTING POWER
168,241
---------- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
87,923
---------- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
168,241
- ------------ -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
256,164
- ------------ -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------ -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0. 7%
- ------------ -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- ------------ -----------------------------------------------------------------------------
Page 10 of 17
<PAGE>
13G
CUSIP NO. 247357106
- ------------ -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Samuel J. Heyman
- ------------ -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- ------------ -----------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------- ---------- ----------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------- ----------------------------------------------------
6 SHARED VOTING POWER
1,928,240
---------- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
---------- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,928,240
- ------------ -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,928,240
- ------------ -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------ -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.0%
- ------------ -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- ------------ -----------------------------------------------------------------------------
Page 11 of 17
<PAGE>
13G
CUSIP NO. 247357106
- ------------ -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Heyman Investment Associates Limited Partnership
- ------------ -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- ------------ -----------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- -------------------------- ---------- ----------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 1,349,368
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------- ----------------------------------------------------
6 SHARED VOTING POWER
0
---------- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,349,368
---------- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- ------------ -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,349,368
- ------------ -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------ -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.5%
- ------------ -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- ------------ -----------------------------------------------------------------------------
Page 12 of 17
<PAGE>
13G
CUSIP NO. 247357106
- ------------ -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Annette Heyman Foundation Inc.
- ------------ -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
- ------------ -----------------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- -------------------------- ---------- ----------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 34,900
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------- ----------------------------------------------------
6 SHARED VOTING POWER
0
---------- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
34,900
---------- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- ------------ -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,900
- ------------ -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------ -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.1%
- ------------ -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
- ------------ -----------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 13 of 17
<PAGE>
ITEM 1. NAME OF ISSUER AND ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
(a) Name of Issuer:
Delta and Pine Land Company
(b) Address of Issuer's Principal Executive Offices:
One Cotton Row
Scott, Mississippi 38772
ITEM 2.
(a) NAME OF PERSON FILING:
(i) G Industries Corp.
(ii) G-I Holdings Inc.
(iii) Building Materials Corporation of America
(iv) Building Materials Investment Corporation
(v) GAF Building Materials Corporation
(vi) GAF Corporation
(vii) ISP Opco Holdings Inc.
(viii) ISP Investments Inc.
(ix) International Specialty Products Inc.
(x) Samuel J. Heyman
(xi) Heyman Investment Associates Limited Partnership
(xii) The Annette Heyman Foundation Inc.
(b) Address of Principal Business Office or, if None, Residence:
The principal business office of each of the filing persons
listed in Item 2(a) is as follows:
The principal business office of G Industries Corp., G-I
Holdings Inc., Building Materials Investment Corporation and GAF Corporation is
300 Delaware Avenue, Wilmington, Delaware 19801.
The principal business office of Building Materials
Corporation of America and GAF Building Materials Corporation is 1361 Alps Road,
Wayne, New Jersey 07470.
The principal business office of ISP Opco Holdings Inc., ISP
Investments Inc. and International Specialty Products Inc. is 300 Delaware
Avenue, Wilmington, Delaware 19801.
The principal business office of Samuel J. Heyman is 1361 Alps
Road, Wayne, New Jersey 07470.
The principal business office of Heyman Investment Associates
Limited Partnership and The Annette Heyman Foundation is 333 Post Road West,
Westport, Connecticut 06881.
(c), (d) and (e) For information with respect to citizenship of each of
the filing persons, title of class of securities and CUSIP number for the shares
held by such persons, see the appropriate cover page above.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS. SS. 240. 13D-1(B), OR 240.
13D-2(B) OR (C), CHECK WHETHER the PERSON FILING IS A:
(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o)
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c)
(c) [ ] Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c)
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8)
Page 14 of 17
<PAGE>
(e) [ ] An investment adviser in accordance with ss.
240.13d-1(b) (1) (ii) (E)
(f) [ ] An employee benefit plan or endowment fund in accordance
with ss. 240.13d-1(b)(1)(ii)(F)
(g) [ ] A parent holding company or control person in accordance
with ss. 240.13d-1(b)(1)(ii)(G)
(h) [ ] A savings association as defined in Section 3 (b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813)
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c) (14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3)
(j) [ ] Group, in accordance with ss. 240.13d-1(b) (1) (ii) (J).
ITEM 4. OWNERSHIP.
For information concerning the (a) number of shares
beneficially owned by each filing person; (b) percent of class of shares such
number represents; (c) number of shares to which such person has (i) sole voting
power, (ii) shared voting power, (iii) sole dispositive power and (iv) shared
dispositive power, see the appropriate cover page above.
In addition to the shares reported in its cover page above,
Heyman Investment Associates Limited Partnership is a party to equity derivative
contracts with a broker-dealer relating to an aggregate of 112,550 shares of
common stock of the Issuer.
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.
ISP Investments Inc. has granted to a trust the right to receive dividends
from, and the right to receive the proceeds from the sale of, 101,530 shares of
common stock of the Issuer beneficially owned by ISP Investments Inc.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
See Schedule A hereto.
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, each of the undersigned certifies that, to the best of
his or its knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.
Page 15 of 17
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this
statement is true, complete and correct.
Dated: May 3, 1999
G Industries Corp.
G-I Holdings Inc.
Building Materials Corporation of America
Building Materials Investment Corporation
GAF Building Materials Corporation
GAF Corporation
ISP Opco Holdings Inc.
ISP Investments Inc.
International Specialty Products Inc.
By: /s/ Susan B. Yoss
-----------------------------------------------
Susan B. Yoss
Vice President and Treasurer
/s/ Samuel J. Heyman
-----------------------------------------------
Samuel J. Heyman
Heyman Investment Associates Limited Partnership
By: /s/ James R. Mazzeo
-----------------------------------------------
James R. Mazzeo
Treasurer
The Annette Heyman Foundation Inc.
By: /s/ James R. Mazzeo
-----------------------------------------------
James R. Mazzeo
Treasurer
Page 16 of 17
<PAGE>
SCHEDULE A
GAF Corporation owns 100% of the outstanding common stock of
G-I Holdings Inc. which, in turn, owns 100% of the outstanding common stock of G
Industries Corp. G Industries Corp. owns 100% of the outstanding common stock of
GAF Building Materials Corporation, which, in turn, owns 97% of the outstanding
common stock of Building Materials Corporation of America. Building Materials
Corporation of America owns 100% of the outstanding common stock of Building
Materials Investment Corporation.
International Specialty Products Inc. owns 100% of the
outstanding common stock of ISP Opco Holdings Inc. which, in turn, owns 100% of
the outstanding common stock of ISP Investments Inc.
Page 17 of 17
