UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT
TO SECTION 13(F) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Report for the Calendar Year or Quarter Ended March 31, 1999.
(Please read instructions before preparing form)
If amended report check here: ____
Greenbelt Corp.
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Name of Institutional Investment Manager
277 Park Avenue, 27th Floor, New York, New York, 10172
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Business Address (Street) (City) (State) (Zip)
Gary K. Duberstein, (212) 350-5100, Managing Director
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Name, Phone No., and Title of Person Duly Authorized to Submit This Report
ATTENTION
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS
SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A)
The institutional investment manager submitting this Form and its attachments
and the person by whom it is signed represent hereby that all information
contained therein is true, correct and complete. It is understood that all
required items, statements and schedules are considered integral parts of this
Form and that the submission of any amendment represents that all unamended
items, statements and schedules remain true, correct and complete as previously
submitted. Pursuant to the requirements of Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of New York and State of New York on the 14th day of
May, 1999.
Greenbelt Corp.
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(Name of Institutional Investment Manager)
/s/ Gary K. Duberstein
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(Manual Signature of Person Duly
Authorized to Submit This Report)
Name and 13F file number of ALL Institutional Investment Managers with respect
to which this schedule is filed (other than the one filing this report): (List
in alphabetical order).
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
Name: 13F File No.Name: 13F File No:
1. 6.
2. 7.
3. 8.
4. 9.
5. 10.
<PAGE>
FORM 13F
Page 1 of 3 Name of Reporting Manager: Greenbelt Corp.
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<TABLE>
<CAPTION>
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ITEM 6: INVESTMENT DISCRETION
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ITEM 1: ITEM 2: ITEM 3: CUSIP ITEM 4: FAIR ITEM 5: (B) SHARED- (C)
NAME OF ISSUER TITLE OF NUMBER MARKET VALUE SHARES OR AS DEFINED SHARED-
CLASS PRINCIPAL (A) SOLE IN INSTR. V OTHER
AMOUNT
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<S> <C> <C> <C> <C> <C> <C> <C>
Ascent Com COM 43628106 1,481,000 135,428 135,428
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Bethlehem Steel COM 87509105 21,328,000 2,585,200 2,585,200
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Comsat Corp. COM SER 1 20564D107 3,328,000 115,000 115,000
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Florsheim Shoe Co. COM 343302105 222,000 40,333 40,333
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Great Atlantic & Pac. COM 390064103 7,455,000 248,500 248,500
Tea Inc.
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Ladd Furniture Inc. COM 505739201 2,141,000 125,000 125,000
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LTX Corp. COM 502392103 4,800,000 997,500 997,500
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Monarch Mach. Tool COM 609150107 1,031,000 150,000 150,000
Company
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COLUMN TOTALS (PAGE) 41,786,000
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</TABLE>
Table Continued....
<TABLE>
<CAPTION>
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ITEM 8: VOTING AUTHORITY (SHARES)
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ITEM 1: ITEM 7:
NAME OF ISSUER MANAGERS SEE
INSTR. V (A) SOLE (B) SHARED (C) NONE
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<S> <C> <C> <C> <C>
Ascent Com 135,428
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Bethlehem Steel 2,585,200
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Comsat Corp. 115,000
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Florsheim Shoe Co. 40,333
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Great Atlantic & Pac. 248,500
Tea Inc.
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Ladd Furniture Inc. 125,000
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LTX Corp. 997,500
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Monarch Mach. Tool 150,000
Company
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COLUMN TOTALS (PAGE)
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</TABLE>
<PAGE>
FORM 13F F132B599
Page 2 of 3 Name of Reporting Manager: Greenbelt Corp.
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<TABLE>
<CAPTION>
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ITEM 6: INVESTMENT DISCRETION
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ITEM 1: ITEM 2: ITEM 3: CUSIP ITEM 4: FAIR ITEM 5: SHARES (B) (C) SHARED-
NAME OF ISSUER TITLE OF NUMBER MARKET VALUE OR PRINCIPAL SHARED- AS OTHER
CLASS AMOUNT (A) SOLE DEFINED IN
INSTR. V
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<S> <C> <C> <C> <C> <C> <C> <C>
NCR Corp. COM 62886E108 60,300,000 1,206,000 1,206,000
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Primesource Corp. COM 741593107 747,000 132,800 132,800
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Ryerson Tull COM 783755101 17,621,000 1,199,746 1,199,746
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Scitex Ltd. ORD 809090103 1,094,000 108,700 108,700
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Sunglass Hut COM 86736F106 20,492,000 1,951,600 1,951,600
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Unisys Corp COM 909214108 11,075,000 400,000 400,000
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Venator Group, Inc. COM 922944103 94,188,000 13,336,322 13,336,322
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COLUMN TOTALS (PAGE) 205,517,000
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AGGREGATE COLUMN 247,303,000
TOTALS
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</TABLE>
Table Continued....
<TABLE>
<CAPTION>
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ITEM 8: VOTING AUTHORITY (SHARES)
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ITEM 1: ITEM 7:
NAME OF ISSUER MANA-
GERS (A) SOLE (B) SHARED (C) NONE
SEE
INSTR. V
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<S> <C> <C> <C> <C>
NCR Corp. 1,206,000
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Primesource Corp. 132,800
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Ryerson Tull 1,199,746
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Scitex Ltd. 108,700
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Sunglass Hut 1,951,600
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Unisys Corp 400,000
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Venator Group, Inc. 13,336,322
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COLUMN TOTALS (PAGE)
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AGGREGATE COLUMN
TOTALS
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</TABLE>
<PAGE>
CONFIDENTIAL TREATMENT
FORM 13F
Page 3 of 3 Name of Reporting Manager: Greenbelt Corp.
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Confidential Treatment has been requested for this page pursuant to Rule
24b-2 under the Securities Exchange Act of 1934, as amended. The confidential
information contained on this page has been omitted here and filed separately
with the Commission.