UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 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 08-13-99
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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: 19
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Form 13F Information Table Value Total: $ 327,235
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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
INFORMATION TABLE AS OF JUNE 30, 1999
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) ITEM 7:
NAME OF ISSUER TITLE OF NUMBER MARKET VALUE SHARES OR AS DEFINED SHARED- MANAGERS
CLASS PRINCIPAL (A) SOLE IN INSTR. V OTHER SEE INSTR
AMOUNT V
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<S> <C> <C> <C> <C> <C>
Ascent Com COM 43628106 1,671,000 118,320 118,320
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Bethlehem Steel COM 87509105 22,941,000 2,984,200 2,984,200
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Comsat Corp. COM 20564D107 3,803,000 117,000 117,000
SER 1
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Florsheim Shoe Co. COM 343302105 184,000 32,733 32,733
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Great Atlantic & Pac. COM 390064103 7,422,000 219,500 219,500
Tea Inc.
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Ladd Furniture Inc. COM 505739201 2,625,000 125,000 125,000
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LTX Corp. COM 502392103 13,279,000 997,500 997,500
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Monarch Mach. Tool COM 609150107 1,322,000 150,000 150,000
Company
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COLUMN TOTALS (PAGE) 53,247,000
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</TABLE>
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ITEM 8: VOTING AUTHORITY (SHARES)
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ITEM 1:
NAME OF ISSUER
. (A) SOLE (B) SHARED (C) NONE
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Ascent Com 118,320
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Bethlehem Steel 2,984,200
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Comsat Corp. 117,000
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Florsheim Shoe Co. 32,733
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Great Atlantic & Pac. 219,500
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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<PAGE>
FORM 13F
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)
NAME OF ISSUER TITLE OF NUMBER MARKET VALUE OR PRINCIPAL SHARED- AS SHARED-
CLASS AMOUNT (A) SOLE DEFINED IN OTHER
INSTR. V
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<S> <C> <C> <C> <C> <C>
NCR Corp. COM 62886E108 62,280,000 1,275,900 1,275,900
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Primesource Corp. COM 741593107 813,000 132,800 132,800
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Ryerson Tull COM 783755101 27,069,000 1,199,746 1,199,746
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Scitex Ltd. ORD 809090103 1,087,000 108,700 108,700
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Sunglass Hut COM 86736F106 33,028,000 1,921,600 1,921,600
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Unisys Corp COM 909214108 15,575,000 400,000 400,000
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Venator Group, Inc. COM 922944103 134,136,000 12,851,322 12,851,322
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COLUMN TOTALS (PAGE) 273,988,000
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AGGREGATE COLUMN 327,235,000
TOTALS
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</TABLE>
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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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NCR Corp. 1,275,900
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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 1,921,600
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Unisys Corp 400,000
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Venator Group, Inc. 12,851,322
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COLUMN TOTALS (PAGE)
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AGGREGATE COLUMN
TOTALS
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<PAGE>
CONFIDENTIAL TREATMENT
FORM 13F
Page __3__ 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: ITEM 4: FAIR ITEM 5: SHARES (B) (C)
NAME OF ISSUER TITLE OF CUSIP NUMBER MARKET VALUE OR PRINCIPAL SHARED- AS SHARED-
CLASS AMOUNT (A) SOLE DEFINED IN OTHER
INSTR. V
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<S> <C> <C> <C> <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>
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ITEM 8: VOTING AUTHORITY (SHARES)
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ITEM 7:
MANA-
GERS SEE (A) SOLE (B) SHARED (C) NONE
INSTR. V
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