UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Stant Corporation
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
854727 10 4
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(CUSIP Number)
* Check the following box if a fee is being paid with this
statement [ ]. (A fee is not required only if the filing person: (1) has
a previous statement on file reporting beneficial ownership of more than
five percent of the class of securities described in Item 1; and (2) has
filed no amendment subsequent thereto reporting beneficial ownership of
five percent or less of such class.) (See Rule 13d-7.)
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>
CUSIP No. 854727 10 4 13G Page 2 of 6 pages
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Name of Reporting Person
1 BESSEMER CAPITAL PARTNERS, L.P.
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Check the Appropriate Box If a Member of a Group* (a) [x]
2 (b) [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization
Delaware
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5 Sole Voting Power
- 0 -
---------------------------------------------------
NUMBER OF 6 Shared Voting Power
SHARES - 0 -
BENEFICIALLY ---------------------------------------------------
OWNED BY 7 Sole Dispositive Power
EACH - 0 -
REPORTING ---------------------------------------------------
PERSON WITH 8 Shared Dispositive Power
- 0 -
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9 Aggregate Amount Beneficially Owner by Each Reporting Person
- 0 -
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10 Check Box If the Aggregate Amount in Row (9) Excludes
Certain Shares* [ ]
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11 Percent of Class Represented By Amount In Row 9
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12 Type or Reporting Person*
PN
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* SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 854727 10 4 13G Page 3 of 6 pages
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Name of Reporting Person
1 KYLIX PARTNERS, L.P.
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Check the Appropriate Box If a Member of a Group* (a) [x]
2 (b) [ ]
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SEC Use Only
3
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4 Citizenship or Place of Organization
Delaware
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5 Sole Voting Power
- 0 -
----------------------------------------------------
NUMBER OF 6 Shared Voting Power
SHARES - 0 -
BENEFICIALLY ----------------------------------------------------
OWNED BY 7 Sole Dispositive Power
EACH - 0 -
REPORTING ----------------------------------------------------
PERSON WITH 8 Shared Dispositive Power
- 0 -
-----------------------------------------------------------------------
9 Aggregate Amount Beneficially Owner by Each Reporting Person
- 0 -
-----------------------------------------------------------------------
10 Check Box If the Aggregate Amount in Row (9) Excludes
Certain Shares* [ ]
-----------------------------------------------------------------------
11 Percent of Class Represented By Amount In Row 9
-----------------------------------------------------------------------
12 Type or Reporting Person*
PN
-----------------------------------------------------------------------
* SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 854727 10 4 13G Page 4 of 6 pages
Item 1. (a) Name of Issuer:
Stant Corporation
(b) Address of Issuer's Principal Executive Offices:
425 Commerce Drive
Richmond, Indiana 47374
Item 2
(a), (b) and (c). Name of Person Filing, Address of Principal Business
Office and Citizenship:
This statement is filed by Bessemer Capital
Partners, L.P. ("Bessemer"), a Delaware limited
partnership having its principal office at 630 Fifth
Avenue, New York, New York 10111. Bessemer's
principal business is making investments for its own
account and is carried on at its principal office.
This statement is also filed by Kylix Partners,
L.P., a Delaware partnership whose general partners
are Quentin Corporation, East Harbor Corporation and
Belisarius Corporation, each a Delaware corporation
whose sole owners are, respectively, Ward W. Woods,
Michael B. Rothfeld and Robert D. Lindsay. Messrs.
Woods, Rothfeld and Lindsay are all United States
citizens. Kylix Partners, L.P. is the General
Partner of Bessemer and has its principal office at
the same address as Bessemer. Kylix Partners, L.P.'s
principal business is making investments for the
account of Bessemer and is carried on at its
principal office. The principal business address of
each of Messrs. Woods, Rothfeld and Lindsay is also
the 630 Fifth Avenue address.
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01
Item 2(e). CUSIP Number:
854727 10 4
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
Not applicable
Item 4. Ownership:
(a) Amount Beneficially Owned: 0 shares
(b) Percent of Class: 0%
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CUSIP No. 854727 10 4 13G Page 5 of 6 pages
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the
vote: 0 shares
(ii) shared power to vote or to direct the
vote: 0 shares
(iii) sole power to dispose of to direct the
disposition of: 0 shares
(iv) shared power to dispose or to direct the
disposition of: 0 shares
Item 5. Ownership of Five Percent or Less of a Class:
If this Statement is being filed to report the
fact that as of the date hereof the reporting person
has ceased to be the beneficial owner of more than
five percent of the Class of securities, check the
following [X].
Item 6. Ownership of More than Five Percent on Behalf of
Another Person: Not applicable
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:
See the answer to Item 2(a), (b) and (c)
Item 9. Notice of Dissolution of Group
Not applicable
Item 10. Certification:
Not applicable
<PAGE>
CUSIP No. 854727 10 4 13G Page 6 of 6 pages
SIGNATURE
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is
true, complete and correct.
BESSEMER CAPITAL PARTNERS, L.P.,
By: Kylix Partners, L.P., General Partner
By: Belisarius Corporation, General Partner
By /s/ Robert D. Lindsay
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Name: Robert D. Lindsay
Title: President
KYLIX PARTNERS, L.P.,
By: Belisarius Corporation, General Partner
By /s/ Robert D. Lindsay
-----------------------------------------
Name: Robert D. Lindsay
Title: President
Dated: May 9, 1997
