-----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, FDJR9I7Gs2RKhLAiACRnyQdlUE7MV4OYrF2QTeVRtJl0PhYqo7s5OGYIlP3C3wXa LvwWQ4rtLnPoT2ltj6/H3g== 0000909518-02-000071.txt : 20020414 0000909518-02-000071.hdr.sgml : 20020414 ACCESSION NUMBER: 0000909518-02-000071 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20020205 GROUP MEMBERS: ALFRED D. KINGSLEY GROUP MEMBERS: GARY K. DUBERSTEIN GROUP MEMBERS: GREENBELT CORP. GROUP MEMBERS: GREENHOUSE PARTNERS, L.P. GROUP MEMBERS: GREENHUT L.L.C. GROUP MEMBERS: GREENHUT OVERSEAS, L.L.C. GROUP MEMBERS: GREENSEA OFFSHORE, L.P. GROUP MEMBERS: GREENTREE PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BETHLEHEM STEEL CORP /DE/ CENTRAL INDEX KEY: 0000011860 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 240526133 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-34016 FILM NUMBER: 02527744 BUSINESS ADDRESS: STREET 1: 1170 EIGHTH AVE CITY: BETHLEHEM STATE: PA ZIP: 18016-7699 BUSINESS PHONE: 6106942424 MAIL ADDRESS: STREET 1: 1170 EIGHTH AVE CITY: BETHLEHEM STATE: PA ZIP: 18016-7699 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GREENWAY PARTNERS L P CENTRAL INDEX KEY: 0000938356 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 277 PARK AVE 27TH FL CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2123505100 MAIL ADDRESS: STREET 1: 277 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 SC 13D/A 1 a2-5sc13da3.txt ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3) ----------- BETHLEHEM STEEL CORPORATION (Name of Issuer) ----------- Common Stock, $1.00 par value per share 087509105 (Title of class of securities) (CUSIP number) Gary K. Duberstein, Esq. Greenway Partners, L.P. 909 Third Avenue, 30th Floor New York, New York 10022 (212) 350-5100 (Name, address and telephone number of person authorized to receive notices and communications) Not Applicable (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [_]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. Seess. 240.13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 14 pages) ================================================================================ NY2:\1122294\02\_1Y%02!.DOC\56392.0003
---------------------------------------------------- ----------------------------------------------- CUSIP No. 087509105 13D Page 2 of 14 Pages ---------------------------------------------------- ----------------------------------------------- ------------------------ ------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON GREENWAY PARTNERS, L.P. S.S. OR I.R.S. IDENTIFICATION NO. 13-3714238 OF ABOVE PERSON ------------------------ ------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x] (b) [_] ------------------------ ------------------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------ ------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, 00 ------------------------ ------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] ------------------------ ------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware ------------------------ ------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 901,000 SHARES ---------------- ----------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ---------------- ----------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 901,000 REPORTING ---------------- ----------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 ------------------------ ------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 901,000 ------------------------ ------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] ------------------------ ------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.7% ------------------------ ------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN ------------------------ -------------------------------------------------------------------------------------------
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---------------------------------------------------- ------------------------------------------------ CUSIP No. 087509105 13D Page 3 of 14 Pages ---------------------------------------------------- ------------------------------------------------ ------------------------ -------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON GREENTREE PARTNERS, L.P. S.S. OR I.R.S. IDENTIFICATION NO. 13-3752875 OF ABOVE PERSON ------------------------ -------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x] (b) [_] ------------------------ -------------------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------ -------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, 00 ------------------------ -------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] ------------------------ -------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware ------------------------ -------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 425,000 SHARES ---------------- ------------------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ---------------- ------------------------------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 425,000 REPORTING ---------------- ------------------------------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 ------------------------ -------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 425,000 ------------------------ -------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] ------------------------ -------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.3% ------------------------ -------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN ------------------------ --------------------------------------------------------------------------------------------
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---------------------------------------------------- -------------------------------------------------- CUSIP No. 087509105 13D Page 4 of 14 Pages ---------------------------------------------------- -------------------------------------------------- ------------------------ ---------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON GREENHOUSE PARTNERS, L.P. S.S. OR I.R.S. IDENTIFICATION NO. 13-3793447 OF ABOVE PERSON ------------------------ -------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x] (b) [_] ------------------------ -------------------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------ -------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, AF, 00 ------------------------ -------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] ------------------------ -------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware ------------------------ -------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ---------------- ------------------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 901,000 OWNED BY ---------------- ------------------------------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ---------------- ------------------------------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 901,000 ------------------------ -------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 901,000 ------------------------ -------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] ------------------------ -------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.7% ------------------------ -------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN ------------------------ ----------------------------------------------------------------------------------------------
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---------------------------------------------------- ----------------------------------------------- CUSIP No. 087509105 13D Page 5 of 14 Pages ---------------------------------------------------- ----------------------------------------------- ------------------------ ------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON GREENHUT L.L.C. S.S. OR I.R.S. IDENTIFICATION NO. 13-3793450 OF ABOVE PERSON ------------------------ -------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x] (b) [_] ------------------------ -------------------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------ -------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, AF, 00 ------------------------ -------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] ------------------------ -------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware ------------------------ -------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ---------------- ------------------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 425,000 OWNED BY ---------------- ------------------------------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ---------------- ------------------------------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 425,000 ------------------------ -------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 425,000 ------------------------ -------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] ------------------------ -------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.3% ------------------------ -------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO ------------------------ -------------------------------------------------------------------------------------------
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---------------------------------------------------- ----------------------------------------------- CUSIP No. 087509105 13D Page 6 of 14 Pages ---------------------------------------------------- ----------------------------------------------- ------------------------ -------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON GREENBELT CORP. S.S. OR I.R.S. IDENTIFICATION NO. 13-3791931 OF ABOVE PERSON ------------------------ -------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x] (b) [_] ------------------------ -------------------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------ -------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: 00 ------------------------ -------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] ------------------------ -------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware ------------------------ -------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 3,416,667 SHARES ---------------- ------------------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ---------------- ------------------------------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 3,416,667 REPORTING ---------------- ------------------------------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 ------------------------ -------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 3,416,667 ------------------------ -------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] ------------------------ -------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.6% ------------------------ -------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO ------------------------ --------------------------------------------------------------------------------------------
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---------------------------------------------------- ----------------------------------------------- CUSIP No. 087509105 13D Page 7 of 14 Pages ---------------------------------------------------- ----------------------------------------------- ------------------------ ------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON GREENSEA OFFSHORE, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ------------------------ -------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x] (b) [_] ------------------------ -------------------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------ -------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, 00 ------------------------ -------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] ------------------------ -------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands ------------------------ -------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 1,430,000 SHARES ---------------- ------------------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ---------------- ------------------------------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 1,430,000 REPORTING ---------------- ------------------------------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 ------------------------ -------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,430,000 ------------------------ -------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] ------------------------ -------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.1% ------------------------ -------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN ------------------------ -------------------------------------------------------------------------------------------
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---------------------------------------------------- ----------------------------------------------- CUSIP No. 087509105 13D Page 8 of 14 Pages ---------------------------------------------------- ----------------------------------------------- ------------------------ ---------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON GREENHUT OVERSEAS, L.L.C. S.S. OR I.R.S. IDENTIFICATION NO. 13-3868906 OF ABOVE PERSON ------------------------ -------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x] (b) [_] ------------------------ -------------------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------ -------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, AF, 00 ------------------------ -------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] ------------------------ -------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware ------------------------ -------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ---------------- ------------------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 1,430,000 OWNED BY ---------------- ------------------------------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ---------------- ------------------------------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,430,000 ------------------------ -------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,430,000 ------------------------ -------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] ------------------------ -------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.1 % ------------------------ -------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO ------------------------ ----------------------------------------------------------------------------------------------
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---------------------------------------------------- ----------------------------------------------- CUSIP No. 087509105 13D Page 9 of 14 Pages ---------------------------------------------------- ----------------------------------------------- ------------------------ ------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON ALFRED D. KINGSLEY S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ------------------------ -------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x] (b) [_] ------------------------ -------------------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------ -------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: PF, AF, 00 ------------------------ -------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] ------------------------ -------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States ------------------------ -------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 963,000 SHARES ---------------- ------------------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 6,172,667 OWNED BY ---------------- ------------------------------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 963,000 REPORTING ---------------- ------------------------------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 6,172,667 ------------------------ -------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 7,135,667 ------------------------ -------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] ------------------------ -------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 5.5% ------------------------ -------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN ------------------------ -------------------------------------------------------------------------------------------
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---------------------------------------------------- ----------------------------------------------- CUSIP No.087509195 13D Page 10 of 14 Pages ---------------------------------------------------- ----------------------------------------------- ------------------------ ------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON GARY K. DUBERSTEIN S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ------------------------ -------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x] (b) [_] ------------------------ -------------------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------ -------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: PF, AF, 00 ------------------------ -------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [_] ------------------------ -------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States ------------------------ -------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 5,000 SHARES ---------------- ------------------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 6,172,667 OWNED BY ---------------- ------------------------------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 5,000 REPORTING ---------------- ------------------------------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 6,172,667 ------------------------ -------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 6,177,667 ------------------------ -------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] ------------------------ -------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.7% ------------------------ -------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN ------------------------ -------------------------------------------------------------------------------------------
10 This Amendment No. 3 (this "Amendment No. 3") amends the Statement on Schedule 13D, filed on August 16, 1999, Amendment No. 1, filed November 13, 2000 and Amendment No. 2, filed March 16, 2001 (the "Schedule 13D") by and on behalf of Greenway Partners, L.P. ("Greenway"), Greentree Partners, L.P. ("Greentree"), Greenhouse Partners, L.P. ("Greenhouse"), Greenhut, L.L.C. ("Greenhut"), Greenbelt Corp. ("Greenbelt"), Greensea Offshore, L.P. ("Greensea"), Greenhut Overseas, L.L.C. ("Greenhut Overseas"), Alfred D. Kingsley ("Kingsley") and Gary K. Duberstein ("Duberstein" and, together with the foregoing persons, the "Reporting Persons"). Capatalized terms used herein and not defined herein have the meanings ascribed thereto in the Schedule 13D. ITEM 4. PURPOSE OF THE TRANSACTION The Reporting Persons are parties to a motion of certain shareholders of the Company requesting the United States Bankruptcy Court for the Southern District of New York to issue an order directing the United States Trustee (the "Trustee") to appoint an Official Committee of Equity Security Holders of Bethlehem Steel Corporation. The Trustee denied a previous written request for the appointment of such an equity committee. The motion is attached hereto as Exhibit 6, which is incorporated herein by reference. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) As of February 4, 2002, the Reporting Persons beneficially owned in the aggregate 7,140,667 Shares constituting 5.5% of the outstanding Shares (the percentage of Shares owned being based upon 130,239,557 Shares outstanding at October 24, 2001, as set forth in the Company's Form 10-Q for the Quarter Ended September 30, 2001). The Reporting Persons may be deemed to have direct beneficial ownership of Shares as follows: Approximate Name Number of Percentage of - ---- Shares Outstanding Shares ------ ------------------ Greenway 901,000 0.7% Greentree 425,000 0.3% Greenbelt 3,416,667 2.6% Greensea 1,430,000 1.1% Kingsley 963,000 0.7% Duberstein 5,000 less than 0.1% Greenhouse, as the general partner of Greenway, may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) Shares that Greenway may be deemed to possess direct beneficial ownership. Each of Kingsley and Duberstein, as general partners of Greenhouse, may be deemed to beneficially own Shares which Greenhouse may be deemed to beneficially own. Each of Kingsley and Duberstein disclaims beneficial ownership of such Shares for all other purposes. Greenhut, as the general partner of Greentree, may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) Shares which Greentree may be deemed to possess direct beneficial ownership. Each of Kingsley and Duberstein, as members of Greenhut, may be deemed to beneficially own Shares that Greenhut may be deemed to beneficially own. Each of Kingsley and Duberstein disclaims beneficial ownership of such Shares for all other purposes. Greenhut Overseas, as the investment general partner of Greensea, may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) Shares which Greensea may be deemed to possess direct beneficial ownership. Each of Kingsley and Duberstein, as members of Greenhut Overseas, may be deemed to beneficially own Shares that Greenhut Overseas may be deemed to beneficially own. Each of Kingsley and Duberstein disclaims beneficial ownership of such Shares for all other purposes. 11 Greenbelt has direct beneficial ownership of the Shares in the accounts which it manages. Each of Kingsley and Duberstein, as executive officers and directors of Greenbelt, may be deemed to beneficially own Shares that Greenbelt beneficially owns. Each of Kingsley and Duberstein hereby disclaims beneficial ownership of such Shares for all other purposes. (b) Greenway has the sole power to vote or direct the vote of 901,000 Shares and the sole power to dispose or to direct the disposition of such Shares. Greenhouse and Kingsley and Duberstein may be deemed to share with Greenway the power to vote or to direct the vote and to dispose or to direct the disposition of such Shares. Greentree has the sole power to vote or direct the vote of 425,000 Shares and the sole power to dispose or direct the disposition of such Shares. Greenhut and Kingsley and Duberstein may be deemed to share with Greentree the power to vote or to direct the vote and to dispose or to direct the disposition of such Shares. Greensea has the sole power to vote or direct the vote of 1,430,000 Shares and the sole power to dispose or direct the disposition of such Shares. Greenhut Overseas and Kingsley and Duberstein may be deemed to share with Greensea the power to vote or to direct the vote and to dispose or to direct the disposition of such Shares. Greenbelt has the sole power to vote or direct the vote of 3,416,667 Shares and the sole power to dispose or direct the disposition of such Shares. Kingsley and Duberstein may be deemed to share with Greenbelt the power to vote or to direct the vote and to dispose or to direct the disposition of such Shares. Kingsley has the sole power to vote or direct the vote of 963,000 Shares and the sole power to dispose or direct the disposition of such Shares. Duberstein has the sole power to vote or direct the vote of 5,000 Shares and the sole power to dispose or direct the disposition of such Shares. (c) Information concerning transactions in the Shares by the Reporting Persons during the past 60 days is set forth in Exhibit 7 attached hereto, which is incorporated herein by reference. (d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares, except the dividends from, or proceeds from the sale of Shares in each respective account managed by Greenbelt will be delivered into each such respective account. None of such individual managed accounts has an interest in more than five percent of the class of outstanding Shares. (e) Not applicable. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS The following Exhibit is filed herewith: 6. Motion of Certain Shareholders for an Order Directing the United States Trustee to Appoint an Official Committee of Equity Security Holders of Bethlehem Steel Corporation, dated January 30, 2002. 7. Information concerning transactions in the Shares effected by the Reporting Persons in the last sixty days. [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 12 SIGNATURES After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information contained in this Statement is true, complete and correct. Dated: February 4, 2002 GREENHOUSE PARTNERS, L.P. GREENWAY PARTNERS, L.P. By: Greenhouse Partners, L.P., its By:/s/ Gary K. Duberstein general partner ---------------------- Gary K. Duberstein, general partner By:/s/ Gary K. Duberstein ---------------------- Gary K. Duberstein, general partner GREENHUT, L.L.C. GREENTREE PARTNERS, L.P. By: Greenhut, L.L.C., its general By:/s/ Gary K. Duberstein partner ---------------------- Gary K. Duberstein, Member By:/s/ Gary K. Duberstein ---------------------- Gary K. Duberstein, Member GREENHUT OVERSEAS, L.L.C. GREENSEA OFFSHORE, L.P. By: Greenhut Overseas, L.L.C., its By:/s/ Gary K. Duberstein investment general partner ---------------------- Gary K. Duberstein, Member By:/s/ Gary K. Duberstein ---------------------- Gary K. Duberstein, Member GREENBELT CORP. By:/s/ Alfred D. Kingsley ---------------------- Alfred D. Kingsley, President /s/ Alfred D. Kingsley ---------------------- Alfred D. Kingsley /s/ Gary K. Duberstein ---------------------- Gary K. Duberstein EXHIBIT INDEX EXHIBIT NO. DESCRIPTION - ----------- ----------- 6. Motion of Certain Shareholders for an Order Directing the United States Trustee to Appoint an Official Committee of Equity Security Holders of Bethlehem Steel Corporation, dated January 30, 2002. 7. Information concerning transactions in the Shares effected by the Reporting Persons in the last sixty days. EX-99 3 a2-5ex6.txt EXHIBIT 6 Exhibit 6 BELL, BOYD & LLOYD LLC Hearing Date: February 20, 2002 David F. Heroy Hearing Time: 10:00 a.m. Michael Yetnikoff 70 West Madison Street Chicago, IL 60602 (312) 372-1121 BERLACK, ISRAELS & LIBERMAN LLP Edward S. Weisfelner (EW-5581) Emilio Galvan (EG-0984) 120 West 45th Street New York, New York 10036 (212) 704-0100 Attorneys for Certain Shareholders of Bethlehem Steel Corporation UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK - ----------------------------------------------------x In re Chapter 11 Case Nos. BETHLEHEM STEEL CORPORATION, 01-15288 through et al. 01-15302, and 01-15308 through 01-15315 (BRL) Debtors. (Jointly Administered) - ---------------------------------------------------x NOTICE OF MOTION OF CERTAIN SHAREHOLDERS FOR AN ORDER DIRECTING THE UNITED STATES TRUSTEE TO APPOINT AN OFFICIAL COMMITTEE OF EQUITY SECURITY HOLDERS OF BETHLEHEM STEEL CORPORATION -------------------------------------- NOTICE IS HEREBY GIVEN that the annexed motion (the "Motion") of certain shareholders of Bethlehem Steel Corporation ("Bethlehem"), including Dimensional Fund Advisors, holder of 7,882,092 shares; Frank R. Williams, holder of 27,000 shares; and Greenway Partners, L.P., and its affiliates, beneficial holders of over 7,000,000 shares (collectively, the "Movants"), dated January 30, 2002, for an Order, pursuant to 11 U.S.C. 1102(a)(2), directing the United States Trustee to appoint an Official Committee of Equity Security Holders of Bethlehem Steel Corporation, will be heard before the Honorable Burton R. Lifland, United States Bankruptcy Judge, United States Bankruptcy Court, The Alexander Hamilton Custom House, Room 621, One Bowling Green, New York, New York 10004, on February 20, 2002, at 10:00 a.m., or as soon thereafter as counsel may be heard. NOTICE IS FURTHER GIVEN that objections, if any, to the relief requested shall be in writing, shall state the name of the objecting party and the nature of the claim or interest of such party, shall state with particularity the reasons for the objection to the relief requested, and must be received in the chambers of the Honorable Burton R. Lifland, United States Bankruptcy Court, The Alexander Hamilton Custom House, Room 627, One Bowling Green, New York, New York 10004, and by the undersigned not later than 5:00 p.m. on February 15, 2002. Dated: January 30, 2002 CERTAIN SHAREHOLDERS OF BETHLEHEM STEEL CORPORATION David F. Heroy Michael Yetnikoff BELL, BOYD & LLOYD 70 West Madison, Suite 3300 Chicago, Illinois 60602 (312) 807-4244 BERLACK, ISRAELS & LIBERMAN LLP By:/s/ Emilio A. Galvan ------------------------- Edward S. Weisfelner (EW-5581) Emilio A. Galvan (EG-0984) 120 West 45th Street New York, New York 10036 (212) 704-0100 Attorneys for Certain Shareholders of Bethlehem Steel Corporation BELL, BOYD & LLOYD LLC Hearing Date: February 20, 2002 David F. Heroy Hearing Time: 10:00 a.m. Michael Yetnikoff 70 West Madison Street Chicago, IL 60602 (312) 372-1121 BERLACK, ISRAELS & LIBERMAN LLP Edward S. Weisfelner (EW-5581) Emilio Galvan (EG-0984) 120 West 45th Street New York, New York 10036 (212) 704-0100 Attorneys for Certain Shareholders of Bethlehem Steel Corporation UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK - --------------------------------------------x In re Chapter 11 Case Nos. BETHLEHEM STEEL CORPORATION, 01-15288 through et al. 01-15302, and 01-15308 through 01-15315 (BRL) Debtors. (Jointly Administered) - -------------------------------------------x MOTION OF CERTAIN SHAREHOLDERS FOR AN ORDER DIRECTING THE UNITED STATES TRUSTEE TO APPOINT AN OFFICIAL COMMITTEE OF EQUITY SECURITY HOLDERS OF BETHLEHEM STEEL CORPORATION --------------------------- Shareholders of Bethlehem Steel Corporation ("Bethlehem"), including Dimensional Fund Advisors, holder of 7,882,092 shares, Frank R. Williams, holder of 27,000 shares, and Greenway Partners, L.P. and its affiliates, beneficial holders of over 7,000,000 shares (collectively, the "Movants"), who collectively own approximately twelve percent (12%) of the common stock of Bethlehem, for their motion pursuant to section 1102(a)(2) of title 11 of the United States Code (the "Bankruptcy Code") for an order directing the United States Trustee to appoint an official committee of equity security holders, state as follows: RELIEF REQUESTED ---------------- 1. Because recent developments suggest that there is significant potential shareholder value that needs to be protected in this case, holders of nearly 15 million shares, or nearly twelve percent (12%) of Bethlehem's common stock, seek immediate appointment of an official equity committee pursuant to section 1102(a)(2) of the Bankruptcy Code. 2. These developments include the following: o In December, the International Trade Commission ("ITC") recommended imposition of 40% tariffs on foreign steel dumped in the U.S., pursuant to section 201 of the 1974 Trade Act, and President Bush has until the end of February 2002 to implement relief in accordance with that recommendation; o Steel executives have recently urged Congress to assign legacy costs to existing government agencies, a step contemplated in the Steel Revitalization Act introduced in the House and Senate in 2001, and which, if taken, could relieve Bethlehem of up to $3 billion, or about seventy percent (70%) of its balance sheet liabilities; o Overcapacity in the domestic steel sector has been reduced in the past year by the idling of significant facilities, including the steel-making operations of LTV, Acme, Northwestern Steel, Gulf States, Geneva, Trico and Laclede; o Steel analysts predict a pricing rebound in 2002; and o Bethlehem has been involved in serious consolidation discussions with other domestic producers regarding consolidation of the industry, which culminated on January 15 with a reported agreement between the major producers. 3. The occurrence of any one of the circumstances mentioned in paragraph 2 above would enhance the equity value that exists in these cases materially. 4. This case was filed at a low point in the cycle of a notoriously cyclical business. After the events of September 11, 2001 and massive foreign steel dumping. Bethlehem's financial position can only be improved by imposition of tariffs, legislative action to assume legacy costs, reduction of overcapacity and pricing rebounds. It undoubtedly would be materially enhanced by a business combination, not to mention the recapitalization, executory contract rejection and benefit remodification options available to it in the reorganization process. 5. Many of these possibilities are likely to be negotiated with the involvement of well-represented parties in these cases - Bethlehem Steel's several lenders, the unsecured creditors committee and a retiree benefits committee. 6. At this time, however, no party represents shareholder interests exclusively. In fact, Bethlehem's shareholders are not effectively represented in these cases at all, inasmuch as the members of Bethlehem's board of directors own only approximately one percent (1%) of the outstanding common shares and have conflicting duties to creditors. Nor can the Movants be expected to shoulder the economic burden of representing Bethlehem's outside shareholders who hold the remaining ninety-nine percent (99%). 7. It would be unfair for Bethlehem's shareholders to be left without the ability to represent themselves effectively in these cases, while all of the potential benefits of an industry upturn and these other potentially very favorable developments go solely to the other constituencies of the estates. Section 1102 of the Bankruptcy Code was enacted to prevent exactly this result. An official equity committee should be appointed. BACKGROUND ---------- 8. On October 15, 2001, the captioned debtors ("Debtors") each filed with this Court their voluntary petitions for relief under chapter 11 of title 11 of the Bankruptcy Code. Pursuant to sections 1107(a) and 1108 of the Bankruptcy Code, the Debtors continue to operate their businesses and manage their properties as debtors in possession. 9. The Debtors are engaged in the business of steel manufacturing and fabricating. As the second largest steel makers in the United States, their annual revenues exceed $4 billion. 10. The United States Trustee has appointed an official committee of unsecured creditors of the Debtors. 11. Bethlehem's outstanding equity securities consist of approximately 130 million shares of common stock held by over 30,000 record holders, as well as 6.5 million shares of publicly traded preferred stock. In the past year, Bethlehem's common stock has traded as high as $4.00 per share, for a market capitalization of $500 million. Even after the bankruptcy filing, Bethlehem's common stock continues to be actively traded on the NYSE at about $.50 per share, indicating an actual market capitalization of more than $60 million. Bethlehem's two preferred stock issues also trade on the NYSE. Its $5.00 preferred stock issue (2.5 million outstanding shares) trades at about $1.50 per share, and its $2.50 preferred stock issue (4 million outstanding shares) trades at about $.80 per share, for a total market cap of more than $5 million. Although market value is not determinative of potential distributions under a bankruptcy plan, the market has assigned significant value to Bethlehem's equity, even considering its financial and legal circumstances. 12. On or about November 7, 2001, a written request for appointment of an official committee of equity security holders was made to the United States Trustee for this district ("UST"). That request was denied. 13. On or about December 7, 2001, the ITC recommended imposition of twenty to forty percent (20% to 40%) tariffs on foreign steel dumped in the United States. On or about December 9, 2001, steel industry leaders announced a drive to consolidate domestic steel producers. This group included Bethlehem executives. On or about January 15, 2002, an agreement among these producers was announced. 14. Also in December, 2001, LTV Steel announced the idling of its steelmaking facilities. LTV's announcement follows the idling during 2001 of domestic production exceeding fifteen percent (15%) of annual domestic consumption. In addition to LTV, Acme Steel, Northwestern Steel, Gulf States, Geneva, Trico and Laclede, each has idled production facilities. This constriction of domestic supply has led to firmer pricing and, coupled with tariff-based restrictions on foreign supply, is likely to lead to materially increased steel prices in 2002. 15. On January 23, 2002, Bethlehem's CEO, Steve Miller, announced that the steel industry as a whole and Bethlehem in particular could expect improved conditions in 2002 and beyond: 2001 was an extremely challenging year for the domestic steel industry and Bethlehem . . . . Looking ahead, however, we believe the domestic steel market will change for the better as the economy rebounds and steel imports are reduced. . . . There are signs that the U.S. economy is beginning to strengthen. The manufacturing sector appears to have bottomed out in December. Our order entry is improving and we, and others in the industry, have announced price increases for first quarter deliveries. Although auto sales are expected to be sluggish in the first half of the year, we anticipate growing strength in the demand for steel by the middle of the year as the economy continues to improve and customers replenish depleted inventories. . . . Bethlehem is continuing to pursue various strategic alternatives, including possible consolidation opportunities. Additionally, we are working to develop a reorganization plan to preserve production at Bethlehem's low cost, high quality steel assets and jobs for our employees. We expect to have adequate financial resources to sustain operations during the year 2002 while pursuing these opportunities. STATUTORY BASIS FOR COMMITTEE APPOINTMENT ----------------------------------------- 16. Section 1102(a)(1) of the Bankruptcy Code expressly authorizes the UST to appoint a committee of equity security holders as "appropriate." 11 U.S.C. section 1102(a)(1). Under section 1102(a)(2), the Bankruptcy Court may, upon de novo review, order the UST to appoint an equity security holders' committee "if necessary to assure adequate representation...of equity security holders." 11 U.S.C. section 1102(a)(2). Bankruptcy courts have developed the following benchmarks for determining the need for an additional committee to assure "adequate representation": (i) whether the claims or interests at issue are widely held; (ii) the size and complexity of the case; and (iii) whether the need for adequate representation is significantly outweighed by the cost of an additional committee. In re Johns-Manville Corp., 68 Bankr. 155, 159 (Bankr. S.D.N.Y. 1986); see also In re Edison Brothers Stores Inc., 1996 U.S. Dist. LEXIS 13768 (D. Del. 1996) (adequate representation found to exist due to 35% insider ownership); In re Wang Laboratories, 149 B.R. 1 (D. Mass. 1992); In re McLean Industries, Inc., 70 Bankr. 852, 860 (Bankr. S.D.N.Y. 1987); In re Beker Industries, Inc., 55 Bankr. 945, 948-951 (Bankr. S.D.N.Y. 1985). The court also may consider the timing of the motion relative to the status of the chapter 11 case. In re Kalvar Microfilm Inc., 95 B.R. 599, 600 (Bankr. D. Del. 1996) (committee not appointed on the eve of plan confirmation). 17. The appointment of an official committee of equity security holders would be necessary and appropriate in these cases. First, Bethlehem's stock is widely held: As set forth in the Affidavit of Bethlehem's Controller, Lonnie A. Arnett, accompanying the bankruptcy petition, Bethlehem's common stock is held by over 30,000 record holders. 18. Second, this is a large and complex case. Bethlehem is the second largest steel maker in the United States, with combined total annual sales of more than $4 billion. Bethlehem has thousands of trade creditors, a complex capital structure including multiple issues of secured and unsecured debt, and both common and preferred stock. Major issues in the case will include rationalization of capacity; potential business combinations; concessions or government assumption of legacy costs; and ordering of priorities among the various stock and debt issues. 19. Third, the equity holders' need for adequate representation is not significantly outweighed by the cost of an additional committee. In fact, based upon the size and complexity of these cases as summarized above, the cost of an additional committee in this case would have a de minimis effect on the reorganization prospects of Bethlehem and the ultimate distribution to creditors. On the other hand, the appointment of an equity committee would be eminently justified by the need to protect the potentially significant value of shareholders' currently unrepresented stake in Bethlehem. Under these circumstances, we submit that this case would be appropriate for the appointment of an official committee of equity security holders. 20. Fourth, other factors also indicate that Bethlehem's shareholders would not be represented effectively in these proceedings absent the appointment of an equity committee. As a matter of law, the fiduciary duty owed by Bethlehem's directors to its shareholders has shifted from a duty to shareholders alone to a duty to all constituencies, including creditors, retirees and others having priority to Bethlehem's shareholders under bankruptcy law's absolute priority rule, a priority that Bethlehem's directors must consider while weighing any potential action. Pepper v. Litton, 308 U.S. 295, 306-307 (1939); CFTC v. Weintraub, 471 U.S. 343, 355 (1986). Thus, the board may feel reluctant to make choices that support the interests of shareholders in order to placate other groups having priority and to whom they now owe the same duty. Credit Lyonnais Bank v. MGM-Pathe, 1991 Del. Ch. Lexis 215, at *108. See also, In re Buckhead America Corp., 178 B.R. 936, 958 (D. Del. 1994) (board owes its duty to "the corporate enterprise", including creditors, when a corporation is "operating in the vicinity of insolvency"). 21. Bethlehem's officers and directors also hold only about one percent (1%) of the common stock. That is not only minimal in an absolute sense, but insignificant when compared to Movants' holdings. Movants hold nearly twelve percent (12%) of the outstanding common shares but cannot be expected to finance efforts on behalf of thousands of similarly situated shareholders holding the other eighty-eight percent (88%) of Bethlehem's outstanding common shares. The legislative history of the Bankruptcy Code clearly demonstrates that Congress was sensitive to the problem of lack of shareholder representation and provided section 1102 as a means for independent representation of shareholders in large and complex cases such as these. In fact, the legislative history reveals that section 1102 was specifically designed "to counteract the natural tendency of a debtor in distress to pacify large creditors, with whom the debtor would expect to do business, at the expense of small and scattered public investors." S.Rep. No. 989, 95th Cong., 2d. Sess. 10 (1978). Appointment of an equity committee would serve that precise purpose here. NEED FOR IMMEDIATE APPOINTMENT ------------------------------ 22. Bethlehem is in the midst of discussions with other steel makers that could result in a business combination. Any such combination would affect, if not finally determine, the distributions to shareholders. By the end of February, 2002, the Bush Administration must decide on any anti-dumping remedy. The Debtors' exclusive plan filing period will expire shortly. And the United States Congress is actively considering the Steel Revitalization Act which would provide relief from legacy costs that could relieve Bethlehem of up to $3 billion, or 70%, of its balance sheet liabilities. If an official committee of equity holders were not appointed immediately, Bethlehem's shareholders simply would not be adequately represented in the negotiation of a plan of reorganization. Equity holders should be allowed to participate now. 23. Since no novel issues of law are raised by this motion, and in light of the authorities cited herein, the Movants request that the Court waive and dispense with the requirement for submission of a memorandum of law contained in Rule 9013-1(b) of the Local Bankruptcy Rules. In making this request, the Movants reserve the right to submit additional supporting papers in response to any objections it receives in response to the relief sought herein. CONCLUSION ---------- 24. All of the factors traditionally relied on by courts in appointing equity committees militate in favor of the appointment of an official committee of equity security holders in these cases. Moreover, all recent developments indicate significant potential incremental positive equity value. Nevertheless, equity holders remain under-represented in these cases. An official committee of equity security holders should be appointed without delay. WHEREFORE, Dimensional Fund Advisors, Greenway Partners, L.P., and Frank R. Williams request that this Court enter an order directing the United States Trustee to appoint an official committee of equity security holders of Bethlehem, and request such other and further relief as this Court deems appropriate under the circumstances. Dated: January 30, 2002 CERTAIN SHAREHOLDERS OF BETHLEHEM STEEL CORPORATION David F. Heroy Michael Yetnikoff BELL, BOYD & LLOYD 70 West Madison, Suite 3300 Chicago, Illinois 60602 (312) 807-4244 BERLACK, ISRAELS & LIBERMAN LLP By:/s/ Emilio A. Galvan -------------------------------- Edward S. Weisfelner (EW-5581) Emilio A. Galvan (EG-0984) 120 West 45th Street New York, New York 10036 (212) 704-0100 Attorneys for Certain Shareholders of Bethlehem Steel Corporation EX-99 4 a2-5ex7.txt EXHIBIT 7 Exhibit 7 TRANSACTIONS IN SHARES OF THE COMPANY The Reporting Persons engaged in the following transactions in Shares of the Company during the past 60 days. All transactions involved sales of Shares on the New York Stock Exchange.
Reporting Person With Direct Beneficial Date of Number of Price Per Share Ownership Transaction Shares (Excluding Commission) --------- ----------- ------ ---------------------- Greenbelt 12/11/01 (155,000) $0.85 Greensea 12/26/01 (36,400) 0.5014 Greensea 1/17/02 (263,600) 0.51 Greensea 1/18/02 (20,000) 0.51 Greensea 2/4/02 (50,000) 0.48 Greenway 1/2/02 (56,800) 0.54 Greenway 1/16/02 (1,000,000) 0.51
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