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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: March 31, 2000
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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, NY 5/12/00
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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: 20
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Form 13F Information Table Value Total: $ 269,406
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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: (b) Shared- (c) Item 7:
Name of Issuer Title Number Market Value Shares or As Defined Shared- Managers See
of Class Principal (a) Sole in Instr. V Other Instr. V
Amount
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Bethlehem Steel COM 87509105 22,107,000 3,684,500 3,684,500
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Comsat Corp. COM SER 20564D107 1,089,000 52,781 52,781
1
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Florsheim Shoe Co. COM 343302105 91,000 32,733 32,733
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Genesis Worldwide COM 37184G104 563,000 150,000 150,000
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Great Atlantic & Pac. COM 390064103 4,085,000 209,500 209,500
Tea Inc.
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Hancock Fabrics COM 409900107 86,000 30,000 30,000
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K-Mart COM 482584109 484,000 50,000 50,000
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Laidlaw Inc. COM 50730K503 188,000 130,500 130,500
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La Z Boy COM 505336107 2,268,000 147,500 147,500
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LTX Corp. COM 502392103 8,581,000 189,900 189,900
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COLUMN TOTALS (Page) 39,542,000
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Table continued...
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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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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. 209,500
Tea Inc.
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Hancock Fabrics 30,000
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K-Mart 50,000
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Laidlaw Inc. 130,500
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La Z Boy 147,500
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LTX Corp. 189,900
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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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Item 6: Investment Discretion
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Item 1: Item 2: Item 3: CUSIP Item 4: Fair Item 5: Shares (b) (c) Shared- Item 7:
Name of Issuer Title of Number Market Value or Principal Shared- As Other Mana-
Class Amount (a) Sole Defined in gers
Instr. V See
Instr. V
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
NCR Corp. COM 62886E108 48,587,000 1,210,900 1,210,900
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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 710,000 132,800 132,800
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Ryerson Tull COM 783755101 18,596,000 1,199,746 1,199,746
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Scitex Ltd. ORD 809090103 1,458,000 93,700 93,700
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Sports Authority COM 849176102 461,000 180,000 180,000
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Sunglass Hut COM 86736F106 17,323,000 2,217,300 2,217,300
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Tenneco Automotive COM 880349105 1,040,000 131,000 131,000
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Unisys Corp COM 909214108 8,220,000 320,000 320,000
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Venator Group, Inc. COM 922944103 108,156,000 12,101,322 12,101,322
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COLUMN TOTALS (Page) 229,864,000
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AGGREGATE COLUMN 269,406,000
TOTALS
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Table continued...
<PAGE>
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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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NCR Corp. 1,210,900
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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 131,000
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Unisys Corp 320,000
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Venator Group, Inc. 12,101,322
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COLUMN TOTALS (Page)
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AGGREGATE COLUMN
TOTALS
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2
<PAGE>
CONFIDENTIAL TREATMENT
FORM 13F
Page 3 of 3 Name of Reporting Manager: Greenbelt Corp.
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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 continued...
<PAGE>
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Item 8: Voting Authority (Shares)
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Item 1: Item 7:
Name of Issuer Mana-
gers See (a) Sole (b) Shared (c) None
Instr. V
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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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