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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
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Check here if Amendment [ ]; Amendment Number: _____
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Greenbelt Corp.
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Address: 277 Park Avenue, 27th Floor
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New York, NY 10172
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Form 13F File Number: 28-04716
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The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Gary K. Duberstein
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Title: Managing Director
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Phone: 212-350-5100
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Signature, Place, and Date of Signing:
/s/ Gary K. Duberstein New York 11/12/99
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(Signature) (City, State) (Date)
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 16
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Form 13F Information Table Value Total: $ 286,456
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(in thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
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FORM 13F F132B1199
Page 1 of 3 Name of Reporting Manager: Greenbelt Corp.
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<TABLE>
<CAPTION>
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Item 1: Item 2: Item 3: Item 4: Fair Item 5: Shares
Name of Issuer Title of CUSIP Market Value or Principal
Class Number Amount
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<S> <C> <C> <C> <C>
Ascent Com COM 43628106 939,000 68,320
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Bethlehem Steel COM 87509105 27,173,000 3,684,500
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Comsat Corp. COM SER 1 20564D107 2,024,000 52,781
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Florsheim Shoe Co. COM 343302105 82,000 32,733
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Genesis Worldwide COM 37184G104 778,000 150,000
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Great Atlantic & Pac. COM 390064103 6,654,000 219,500
Tea Inc.
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Ladd Furniture Inc. COM 505739201 2,648,000 125,000
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LTX Corp. COM 502392103 13,653,000 997,500
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COLUMN TOTALS (Page) 53,951,000
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Table continued...
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Item 6: Investment Discretion Item 8: Voting Authority (Shares)
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Item 1: (b) Shared- (c) Shared- Item 7:
Name of Issuer As Defined in Other Managers
(a) Sole Instr. V See Instr. V (a) Sole (b) Shared (c) None
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<S> <C> <C> <C> <C> <C> <C> <C>
Ascent Com 68,320 68,320
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Bethlehem Steel 3,684,500 3,684,500
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Comsat Corp. 52,781 52,781
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Florsheim Shoe Co. 32,733 32,733
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Genesis Worldwide 150,000 150,000
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Great Atlantic & Pac. 219,500 219,500
Tea Inc.
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Ladd Furniture Inc. 125,000 125,000
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LTX Corp. 997,500 997,500
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COLUMN TOTALS (Page)
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</TABLE>
<PAGE>
FORM 13F F132B1199
Page 2 of 3 Name of Reporting Manager: Greenbelt Corp.
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<TABLE>
<CAPTION>
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Item 1: Item 2: Item 3: Item 4: Fair Item 5: Shares
Name of Issuer Title of CUSIP Market Value or Principal
Class Number Amount
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<S> <C> <C> <C> <C>
NCR Corp. COM 62886E108 46,648,000 1,410,900
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Ogden Corp. COM 676346109 9,550,000 920,500
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Primesource Corp. COM 741593107 772,000 132,800
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Ryerson Tull COM 783755101 27,744,000 1,199,746
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Scitex Ltd. ORD 809090103 1,189,000 108,700
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Sunglass Hut COM 86736F106 24,934,000 2,360,600
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Unisys Corp COM 909214108 18,050,000 400,000
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Venator Group, Inc. COM 922944103 103,618,000 12,101,322
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COLUMN TOTALS (Page) 0
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AGGREGATE COLUMN TOTALS 286,456,000
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Table continued...
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Item 6: Investment Discretion Item 8: Voting Authority (Shares)
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Item 1: (b) (c) Shared- Item 7:
Name of Issuer Shared- As Other Mana-
(a) Sole Defined in gers See (a) Sole (b) Shared (c) None
Instr. V Instr. V
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<S> <C> <C> <C> <C> <C> <C> <C>
NCR Corp. 1,410,900 1,410,900
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Ogden Corp. 920,500 920,500
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Primesource Corp. 132,800 132,800
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Ryerson Tull 1,199,746 1,199,746
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Scitex Ltd. 108,700 108,700
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Sunglass Hut 2,360,600 2,360,600
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Unisys Corp 400,000 400,000
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Venator Group, Inc. 12,101,322 12,101,322
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COLUMN TOTALS (Page)
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AGGREGATE COLUMN TOTALS
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</TABLE>
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CONFIDENTIAL TREATMENT
FORM 13F F132B1199
Page 3 of 3 Name of Reporting Manager: Greenbelt Corp.
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<TABLE>
<CAPTION>
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Item 1: Item 2: Item 3: Item 4: Fair Item 5: Shares
Name of Issuer Title of CUSIP Market Value or Principal
Class Number Amount
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<S> <C> <C> <C> <C>
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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.
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Table continued...
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Item 6: Investment Discretion Item 8: Voting Authority (Shares)
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(b) (c) Item 7: Mana-
Shared- As Shared- gers See
(a) Sole Defined in Instr. Other Instr. V (a) Sole (b) Shared (c) None
V
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<S> <C> <C> <C> <C> <C> <C>
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</TABLE>
