-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BD4XDe8QuumvzTKiIND+DMRaMCvevjZMdbsMh36PuWsodgl4H2OJzIIDiL9aY5PD VM3OjxETWiHOQTQBwx2MJg== 0000950103-98-000599.txt : 19980609 0000950103-98-000599.hdr.sgml : 19980609 ACCESSION NUMBER: 0000950103-98-000599 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980331 FILED AS OF DATE: 19980608 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SEALED AIR CORP/DE CENTRAL INDEX KEY: 0001012100 STANDARD INDUSTRIAL CLASSIFICATION: UNSUPPORTED PLASTICS FILM & SHEET [3081] IRS NUMBER: 650654331 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4/A SEC ACT: SEC FILE NUMBER: 001-12139 FILM NUMBER: 98643723 BUSINESS ADDRESS: STREET 1: PARK 80 EAST CITY: SADDLE BROOK STATE: NJ ZIP: 07663 BUSINESS PHONE: 2017917600 MAIL ADDRESS: STREET 1: PARK 80 EAST CITY: SADDLE BROOK STATE: NJ ZIP: 07663 FORMER COMPANY: FORMER CONFORMED NAME: WR GRACE & CO/DE DATE OF NAME CHANGE: 19961015 FORMER COMPANY: FORMER CONFORMED NAME: GRACE HOLDING INC DATE OF NAME CHANGE: 19960805 COMPANY DATA: COMPANY CONFORMED NAME: CHENG CHRISTOPHER WAI CHEE CENTRAL INDEX KEY: 0001059609 STANDARD INDUSTRIAL CLASSIFICATION: [] DIRECTOR FILING VALUES: FORM TYPE: 4/A BUSINESS ADDRESS: STREET 1: C/O SEALED AIR CORP STREET 2: PARK 80 EAST CITY: SADDLEBROOK STATE: NJ ZIP: 07663 BUSINESS PHONE: 2124505869 MAIL ADDRESS: STREET 1: C/O SEALED AIR CORP STREET 2: PARK 80 EAST CITY: SADDLEBROOK STATE: NJ ZIP: 07663 4/A 1 FORM 4 [ ] Check this box if no longer subject OMB APPROVAL to Section 16. Form 4 or Form 5 ------------ obligations may continue. See OMB Number: 3235-0287 Instructions 1(b). Expires: September 30, 1998 Estimated average burden (Print or Type Responses) hours per response...........0.5 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 _______________________________________________________________________________ 1. Name and Address of Reporting Person* Cheng Christopher Wai-Chee - ----------------------------------------------------- (Last) (First) (Middle) c/o Sealed Air Corporation Park 80 East - ----------------------------------------------------- (Street) Saddle Brook NJ 07663 - ----------------------------------------------------- (City) (State) (Zip) _______________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Sealed Air Corporation (SEE) (Formerly W. R. Grace & Co. (GRA)) _______________________________________________________________________________ 3. IRS or Social Security Number of Reporting Person (Voluntary) _______________________________________________________________________________ 4. Statement for Month/Year March 1998 _______________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) April 1998 _______________________________________________________________________________ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] 10% Owner [x] Director [ ] Officer (give title below) [ ] Other (specify below) -------------------------------------------------- _______________________________________________________________________________ 7. Individual or Joint/Group Filing (Check Applicable Line) [x] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person _______________________________________________________________________________ FORM 4 (continued)
TABLE I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned - ------------------------------------------------------------------------------------------------------------------------ 1. 2. 3. 4. 5. 6. 7. - --------------------- -------- ---------- ------------------------------ ----------- ---------- ---------- Amount of Owner- Securities ship Trans- Trans- Securities Acquired (A) Beneficially Form: action action or Disposed of (D) Owned at Direct Nature of Date Code (Instr. 3, 4 and 5) End of (D) or Indirect Title of (Month/ (Instr. 8) ---------------------------- Month Indirect Beneficial Security Day/ ---------- Amount (A) or Price (Instr. (I) Ownership (Instr. 3) Year) Code V (D) 3 and 4) (Instr. 4) (Instr. 4) - --------------------- -------- ---- ---- ----------- ------ --------- ----------- ---------- ---------- Common Stock, par value 3/31/98 J(1) 192 A (1) 192 I (2) $0.10 per share 3/31/98 J(1) 75 A (1) 75 I By Trust Common Stock, par value 3/31/98 J(1) 359 D (1) 0 I (2) $0.01 per share 3/31/98 J(1) 140 D (1) 0 I By Trust Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly *If the form is filed by more than one reporting person, see Instruction 4(b)(v). (Over) SEC 1474 (7-96)
FORM 4 (continued)
TABLE II--Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g. puts, calls, warrants, options, convertible securities) - ------------------------------------------------------------------------------------------------------------------------------ 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. - ---------- -------- -------- -------- ---------- ------------ -------------- ------ ---------- --------- ---------- Title and Ownership Number of Date Exer- Amount of Form of Derivative cisable and Underlying Number of Deriv- Securities Expiration Securities Price Derivative ative Conver- Trans- Acquired (A) Date (Month/ (Instr. 3 of Securities Security: sion or Trans- action or Disposed Day/Year) and 4) Deriv- Benefi- Direct Exercise action Code of (D) -------------- -------------- ative cially (D) or Nature of Title of Price of Date (Instr. (Instr. 3, Date Amount Secur- Owned at Indirect Indirect Derivative Deriv- (Month/ 8) 4 and 5) Exer- Expir- or Num- ity End of (I) Beneficial Security ative Day/ -------- ---------- cis- ation ber of (Instr. Month (Instr. Ownership (Instr. 3) Security Year) Code V (A) (D) able Date Title Shares 5) (Instr. 4) 4) (Instr. 4) - ---------- -------- -------- ---- --- ---- ---- ------- ----- ----- ------ ------ ---------- -------- ---------- Series A $56.525 3/31/98 J(1) 170 Current Common 150 (1) 170 I (2) Convertible Stock, Preferred par value Stock $0.10 per share $56.525 3/31/98 J(1) 66 Current 58 (1) 66 I By Trust
Explanation of Responses: (1) In accordance with the Agreement and Plan of Merger dated as of August 14, 1997 by and among W. R. Grace & Co. ("Grace"), a subsidiary of Grace and Sealed Air Corporation ("Old Sealed Air"), and pursuant to the Distribution Agreement dated as of March 30, 1998, by and among Grace and two wholly-owned subsidiaries of Grace, each share of Grace common stock, par value $0.01 per share, became, on March 31, 1998, a right to receive .536 shares of common stock, par value $0.10 per share, of Sealed Air Corporation (formerly Grace) ("New Sealed Air"), and .475 shares of Series A Convertible Preferred Stock, par value $0.10 per share, of New Sealed Air. (2) Shares are owned by a corporation whose sole shareholder is Mr. Cheng. **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Christopher Wai-Chee Cheng 6/6/98 ---------------------------------------- -------------------- ** Signature of Reporting Person Date Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Page 2 SEC 1474 (7-96) -----END PRIVACY-ENHANCED MESSAGE-----