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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: December 31, 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 2/11/00
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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: 21
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Form 13F Information Table Value Total: $ 261,082
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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
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: Shares (b) Shared- (c) Shared-
Name of Issuer Title of Number Market Value or Principal As Defined in Other
Class Amount (a) Sole Instr. V
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<S> <C> <C> <C> <C> <C> <C> <C>
Ascent Com COM 43628106 867,000 68,320 68,320
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Bethlehem Steel COM 87509105 30,858,000 3,684,500 3,684,500
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Comsat Corp. COM SER 1 20564D107 1,049,000 52,781 52,781
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Florsheim Shoe Co. COM 343302105 92,000 32,733 32,733
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Genesis Worldwide COM 37184G104 478,000 150,000 150,000
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Great Atlantic & Pac. COM 390064103 6,119,000 219,500 219,500
Tea Inc.
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Hancock Fabrics COM 409900107 94,000 30,000 30,000
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K-Mart COM 482584109 503,000 50,000 50,000
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Ladd Furniture Inc. COM 505739201 2,469,000 125,000 125,000
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Laidlaw Inc. COM 50730K503 685,000 130,500 130,500
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LTX Corp. COM 502392103 11,042,000 493,500 493,500
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COLUMN TOTALS (Page) 54,256,000
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Table continued...
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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 68,320
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Bethlehem Steel 3,684,500
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Comsat Corp. 52,781
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Florsheim Shoe Co. 32,733
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Genesis Worldwide 150,000
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Great Atlantic & Pac. 219,500
Tea Inc.
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Hancock Fabrics 30,000
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K-Mart 50,000
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Ladd Furniture Inc. 125,000
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Laidlaw Inc. 130,500
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LTX Corp. 493,500
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COLUMN TOTALS (Page)
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</TABLE>
1
<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) Shared- (c) Shared-
Name of Issuer Title of Number Market Value or Principal As Defined in Other
Class Amount (a) Sole Instr. V
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<S> <C> <C> <C> <C> <C> <C> <C>
NCR Corp. COM 62886E108 53,438,000 1,410,900 1,410,900
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Ogden Corp. COM 676346109 25,313,000 2,120,500 2,120,500
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Primesource Corp. COM 741593107 631,000 132,800 132,800
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Ryerson Tull COM 783755101 23,320,000 1,199,746 1,199,746
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Scitex Ltd. ORD 809090103 1,365,000 93,700 93,700
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Sports Authority COM 849176102 360,000 180,000 180,000
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Sunglass Hut COM 86736F106 24,945,000 2,217,300 2,217,300
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Tenneco Automotive COM 880349105 1,313,000 141,000 141,000
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Unisys Corp COM 909214108 10,220,000 320,000 320,000
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Venator Group, Inc. COM 922944103 65,921,000 9,417,322 9,417,322
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COLUMN TOTALS (Page) 206,826,000
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AGGREGATE COLUMN TOTALS 261,082,000
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Table continued...
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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>
NCR Corp. 1,410,900
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Ogden Corp. 2,120,500
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Primesource Corp. 132,800
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Ryerson Tull 1,199,746
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Scitex Ltd. 93,700
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Sports Authority 180,000
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Sunglass Hut 2,217,300
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Tenneco Automotive 141,000
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Unisys Corp 320,000
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Venator Group, Inc. 9,417,322
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COLUMN TOTALS (Page)
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AGGREGATE COLUMN TOTALS
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</TABLE>
2
<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: Title Item 3: CUSIP Item 4: Fair Item 5: Shares or (b) (c)
Name of Issuer of Class Number Market Value Principal Amount Shared- As Shared-
(a) Sole Defined in Other
Instr. V
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<S> <C> <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 continued...
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Item 8: Voting Authority (Shares)
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Item 1: Item 7: Mana-
Name of Issuer gers See
Instr. V (a) Sole (b) Shared (c) None
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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>
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