-----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, O2Ldx5aRCTfJtYXXL8Q6Q0jIrsJxs6Jns3yypCLy6zpCCEydc9yy8Q6p+MvWM74f 5tZoQOtDSKrcCE8JX4M3Ug== 0001047469-98-042426.txt : 19981130 0001047469-98-042426.hdr.sgml : 19981130 ACCESSION NUMBER: 0001047469-98-042426 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981127 GROUP MEMBERS: BRUCE E. HENDRY GROUP MEMBERS: CURTIS L. CARLSON FOUNDATION GROUP MEMBERS: CURTIS L. CARLSON OCTAGON TRUST GROUP MEMBERS: DIANA NELSON GROUP MEMBERS: DR. DEMETRE NICOLOFF GROUP MEMBERS: G. JAMES SPINNER GROUP MEMBERS: GEOFFREY C. GAGE GROUP MEMBERS: JAME A. POTTER GROUP MEMBERS: KOZBERG MARC H GROUP MEMBERS: NAFCO INSURANCE COMPANY LTD. OF BERMUDA GROUP MEMBERS: REVOCABLE TRUST OF GLEN D. NELSON GROUP MEMBERS: RICHARD C. GAGE GROUP MEMBERS: ROBERT H. PAYMAR GROUP MEMBERS: SCOTT C. GAGE GROUP MEMBERS: STANLEY I. BARENBAUM GROUP MEMBERS: SUMMIT CAPITAL APPRECIATION FUND LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BORDEN CHEMICALS & PLASTICS LIMITED PARTNERSHIP /DE/ CENTRAL INDEX KEY: 0000821202 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821] IRS NUMBER: 311269627 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-38898 FILM NUMBER: 98760465 BUSINESS ADDRESS: STREET 1: HIGHWAY 73 CITY: GEISMAR STATE: LA ZIP: 70734 BUSINESS PHONE: 6142254482 MAIL ADDRESS: STREET 1: PO BOX 427 STREET 2: 180 EAST BROAD STREET 25TH FLOOR CITY: GERSMAR STATE: LA ZIP: 70734 FORMER COMPANY: FORMER CONFORMED NAME: BORDEN CHEMICALS & PLASTICS LIMITED PARTNERSHIP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KOZBERG MARC H CENTRAL INDEX KEY: 0001072668 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 90 SOUTH SEVENTH STREET STREET 2: SUITE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4115 BUSINESS PHONE: 6123767035 MAIL ADDRESS: STREET 1: 90 SOUTH SEVENTH STREET STREET 2: SUITE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4115 SC 13D/A 1 SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment) Under the Securities Exchange Act of 1934 BORDEN CHEMICALS AND PLASTICS LIMITED PARTNERSHIP (Name of Issuer) COMMON UNIT (Title of Class of Securities) 099541 20 3 (CUSIP Number) Albert A. Woodward, Esq. Maun & Simon, PLC 2000 Midwest Plaza Building West 801 Nicollet Mall Minneapolis, Minnesota 55402 (612) 904-7400 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) NOVEMBER 18, 1998 (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ]. (Cover page continued on next 16 pages) SCHEDULE 13D CUSIP NO. 099541 20 3 - ------------------------------------------------------------ ------------------- (1) Names of reporting persons............................ MARC H. KOZBERG I.R.S. Identification Nos. of above persons (entities only)........................................... - ------------------------------------------------------------ ------------------- (2) Check the appropriate box if a member of a group (see (a) X instructions) - ------------------------------------------------------------ ------------------- (b) - ------------------------------------------------------------ ------------------- (3) SEC use only.......................................... - ------------------------------------------------------------ ------------------- (4) Source of funds (see instructions) PF - ------------------------------------------------------------ ------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). - ------------------------------------------------------------ ------------------- (6) Citizenship or place of organization.................. USA - ------------------------------------------------------------ ------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power................................ 50,000 (8) Shared voting power.............................. 400,000 (9) Sole dispositive power........................... 50,000 (10) Shared dispositive power........................ 400,000 - ------------------------------------------------------------ ------------------- (11) Aggregate amount beneficially owned by each reporting 450,000 person. - ------------------------------------------------------------ ------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). - ------------------------------------------------------------ ------------------- (13) Percent of class represented by amount in Row (11)... 1.2% - ------------------------------------------------------------ ------------------- (14) Type of reporting person (see instructions).......... IN - ------------------------------------------------------------ ------------------- Page 2 of 31 SCHEDULE 13D CUSIP NO. 099541 20 3 - ------------------------------------------------------------ ------------------- (1) Names of reporting persons............................ BRUCE E. HENDRY I.R.S. Identification Nos. of above persons (entities only)........................................... - ------------------------------------------------------------ ------------------- (2) Check the appropriate box if a member of a group (see (a) X instructions) - ------------------------------------------------------------ ------------------- (b) - ------------------------------------------------------------ ------------------- (3) SEC use only.......................................... - ------------------------------------------------------------ ------------------- (4) Source of funds (see instructions) PF - ------------------------------------------------------------ ------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). - ------------------------------------------------------------ ------------------- (6) Citizenship or place of organization.................. USA - ------------------------------------------------------------ ------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power................................ 1,091,300 (8) Shared voting power.............................. -0- (9) Sole dispositive power........................... 1,091,300 (10) Shared dispositive power........................ -0- - ------------------------------------------------------------ ------------------- (11) Aggregate amount beneficially owned by each reporting 1,091,300 person. - ------------------------------------------------------------ ------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). - ------------------------------------------------------------ ------------------- (13) Percent of class represented by amount in Row (11)... 3.0% - ------------------------------------------------------------ ------------------- (14) Type of reporting person (see instructions).......... IN - ------------------------------------------------------------ ------------------- Page 3 of 31 SCHEDULE 13D CUSIP NO. 099541 20 3 - ------------------------------------------------------------ ------------------- (1) Names of reporting persons............................ DR. DEMETRE NICOLOFF I.R.S. Identification Nos. of above persons (entities only)........................................... - ------------------------------------------------------------ ------------------- (2) Check the appropriate box if a member of a group (see (a) X instructions) - ------------------------------------------------------------ ------------------- (b) - ------------------------------------------------------------ ------------------- (3) SEC use only.......................................... - ------------------------------------------------------------ ------------------- (4) Source of funds (see instructions) PF - ------------------------------------------------------------ ------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). - ------------------------------------------------------------ ------------------- (6) Citizenship or place of organization.................. USA - ------------------------------------------------------------ ------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power................................ 150,000 (8) Shared voting power.............................. 400,000 (9) Sole dispositive power........................... 150,000 (10) Shared dispositive power........................ 400,000 - ------------------------------------------------------------ ------------------- (11) Aggregate amount beneficially owned by each reporting 550,000 person. - ------------------------------------------------------------ ------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). - ------------------------------------------------------------ ------------------- (13) Percent of class represented by amount in Row (11)... 1.5% - ------------------------------------------------------------ ------------------- (14) Type of reporting person (see instructions).......... IN - ------------------------------------------------------------ ------------------- Page 4 of 31 SCHEDULE 13D CUSIP NO. 099541 20 3 - ------------------------------------------------------------ ------------------- (1) Names of reporting persons............................ G. JAMES SPINNER I.R.S. Identification Nos. of above persons (entities only)........................................... - ------------------------------------------------------------ ------------------- (2) Check the appropriate box if a member of a group (see (a) X instructions) - ------------------------------------------------------------ ------------------- (b) - ------------------------------------------------------------ ------------------- (3) SEC use only.......................................... - ------------------------------------------------------------ ------------------- (4) Source of funds (see instructions) PF - ------------------------------------------------------------ ------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). - ------------------------------------------------------------ ------------------- (6) Citizenship or place of organization.................. USA - ------------------------------------------------------------ ------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power................................ 50,000 (8) Shared voting power.............................. 400,000 (9) Sole dispositive power........................... 50,000 (10) Shared dispositive power........................ 400,000 - ------------------------------------------------------------ ------------------- (11) Aggregate amount beneficially owned by each reporting 450,000 person. - ------------------------------------------------------------ ------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). - ------------------------------------------------------------ ------------------- (13) Percent of class represented by amount in Row (11)... 1.2% - ------------------------------------------------------------ ------------------- (14) Type of reporting person (see instructions).......... IN - ------------------------------------------------------------ ------------------- Page 5 of 31 SCHEDULE 13D CUSIP NO. 099541 20 3 - ------------------------------------------------------------ ------------------- (1) Names of reporting persons............................ ROBERT H. PAYMAR I.R.S. Identification Nos. of above persons (entities only)........................................... - ------------------------------------------------------------ ------------------- (2) Check the appropriate box if a member of a group (see (a) X instructions) - ------------------------------------------------------------ ------------------- (b) - ------------------------------------------------------------ ------------------- (3) SEC use only.......................................... - ------------------------------------------------------------ ------------------- (4) Source of funds (see instructions) PF - ------------------------------------------------------------ ------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). - ------------------------------------------------------------ ------------------- (6) Citizenship or place of organization.................. USA - ------------------------------------------------------------ ------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power................................ 100,000 (8) Shared voting power.............................. 400,000 (9) Sole dispositive power........................... 100,000 (10) Shared dispositive power........................ 400,000 - ------------------------------------------------------------ ------------------- (11) Aggregate amount beneficially owned by each reporting 500,000 person. - ------------------------------------------------------------ ------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). - ------------------------------------------------------------ ------------------- (13) Percent of class represented by amount in Row (11)... 1.4% - ------------------------------------------------------------ ------------------- (14) Type of reporting person (see instructions).......... IN - ------------------------------------------------------------ ------------------- Page 6 of 31 SCHEDULE 13D CUSIP NO. 099541 20 3 - ------------------------------------------------------------ ------------------- (1) Names of reporting persons............................ STANLEY I. BARENBAUM I.R.S. Identification Nos. of above persons (entities only)........................................... - ------------------------------------------------------------ ------------------- (2) Check the appropriate box if a member of a group (see (a) X instructions) - ------------------------------------------------------------ ------------------- (b) - ------------------------------------------------------------ ------------------- (3) SEC use only.......................................... - ------------------------------------------------------------ ------------------- (4) Source of funds (see instructions) PF - ------------------------------------------------------------ ------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). - ------------------------------------------------------------ ------------------- (6) Citizenship or place of organization.................. USA - ------------------------------------------------------------ ------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power................................ 50,000 (8) Shared voting power.............................. 400,000 (9) Sole dispositive power........................... 50,000 (10) Shared dispositive power........................ 400,000 - ------------------------------------------------------------ ------------------- (11) Aggregate amount beneficially owned by each reporting 450,000 person. - ------------------------------------------------------------ ------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). - ------------------------------------------------------------ ------------------- (13) Percent of class represented by amount in Row (11)... 1.2% - ------------------------------------------------------------ ------------------- (14) Type of reporting person (see instructions).......... IN - ------------------------------------------------------------ ------------------- Page 7 of 31 SCHEDULE 13D CUSIP NO. 099541 20 3 - ------------------------------------------------------------ ------------------- (1) Names of reporting persons............................ JAMES A. POTTER I.R.S. Identification Nos. of above persons (entities only)........................................... - ------------------------------------------------------------ ------------------- (2) Check the appropriate box if a member of a group (see (a) X instructions) - ------------------------------------------------------------ ------------------- (b) - ------------------------------------------------------------ ------------------- (3) SEC use only.......................................... - ------------------------------------------------------------ ------------------- (4) Source of funds (see instructions) PF - ------------------------------------------------------------ ------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). - ------------------------------------------------------------ ------------------- (6) Citizenship or place of organization.................. USA - ------------------------------------------------------------ ------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power................................ 40,000 (8) Shared voting power.............................. -0- (9) Sole dispositive power........................... 40,000 (10) Shared dispositive power........................ -0- - ------------------------------------------------------------ ------------------- (11) Aggregate amount beneficially owned by each reporting 40,000 person. - ------------------------------------------------------------ ------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). - ------------------------------------------------------------ ------------------- (13) Percent of class represented by amount in Row (11)... 0.1% - ------------------------------------------------------------ ------------------- (14) Type of reporting person (see instructions).......... IN - ------------------------------------------------------------ ------------------- Page 8 of 31 SCHEDULE 13D CUSIP NO. 099541 20 3 - ------------------------------------------------------------ ------------------- (1) Names of reporting persons........................... SUMMIT CAPITAL I.R.S. Identification Nos. of above persons APPRECIATION (entities only)........................................... FUND LP 41-1822728 - ------------------------------------------------------------ ------------------- (2) Check the appropriate box if a member of a group (see (a) X instructions) - ------------------------------------------------------------ ------------------- (b) - ------------------------------------------------------------ ------------------- (3) SEC use only.......................................... - ------------------------------------------------------------ ------------------- (4) Source of funds (see instructions) WC - ------------------------------------------------------------ ------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). - ------------------------------------------------------------ ------------------- (6) Citizenship or place of organization.................. MINNESOTA - ------------------------------------------------------------ ------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power................................ 400,000 (8) Shared voting power.............................. -0- (9) Sole dispositive power........................... 400,000 (10) Shared dispositive power........................ -0- - ------------------------------------------------------------ ------------------- (11) Aggregate amount beneficially owned by each reporting 400,000 person. - ------------------------------------------------------------ ------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). - ------------------------------------------------------------ ------------------- (13) Percent of class represented by amount in Row (11)... 1.1% - ------------------------------------------------------------ ------------------- (14) Type of reporting person (see instructions).......... PN - ------------------------------------------------------------ ------------------- Page 9 of 31 SCHEDULE 13D CUSIP NO. 099541 20 3 - ------------------------------------------------------------ ------------------- (1) Names of reporting persons........................... I.R.S. Identification Nos. of above persons CURTIS L. CARLSON (entities only).......................................... FOUNDATION 41-6028973 - ------------------------------------------------------------ ------------------- (2) Check the appropriate box if a member of a group (see (a) X instructions) - ------------------------------------------------------------ ------------------- (b) - ------------------------------------------------------------ ------------------- (3) SEC use only.......................................... - ------------------------------------------------------------ ------------------- (4) Source of funds (see instructions) WC - ------------------------------------------------------------ ------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). - ------------------------------------------------------------ ------------------- (6) Citizenship or place of organization.................. MINNESOTA - ------------------------------------------------------------ ------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power................................ 125,000 (8) Shared voting power.............................. -0- (9) Sole dispositive power........................... 125,000 (10) Shared dispositive power........................ -0- - ------------------------------------------------------------ ------------------- (11) Aggregate amount beneficially owned by each reporting 125,000 person. - ------------------------------------------------------------ ------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). - ------------------------------------------------------------ ------------------- (13) Percent of class represented by amount in Row (11)... 0.3% - ------------------------------------------------------------ ------------------- (14) Type of reporting person (see instructions).......... OO - ------------------------------------------------------------ ------------------- Page 10 of 31 SCHEDULE 13D CUSIP NO. 099541 20 3 - ------------------------------------------------------------ ------------------- (1) Names of reporting persons............................ NAFCO INSURANCE I.R.S. Identification Nos. of above persons COMPANY LTD. (entities only)........................................... OF BERMUDA 41-1692396 - ------------------------------------------------------------ ------------------- (2) Check the appropriate box if a member of a group (see (a) X instructions) - ------------------------------------------------------------ ------------------- (b) - ------------------------------------------------------------ ------------------- (3) SEC use only.......................................... - ------------------------------------------------------------ ------------------- (4) Source of funds (see instructions) WC - ------------------------------------------------------------ ------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). - ------------------------------------------------------------ ------------------- (6) Citizenship or place of organization.................. BERMUDA - ------------------------------------------------------------ ------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power................................ 125,000 (8) Shared voting power.............................. -0- (9) Sole dispositive power........................... 125,000 (10) Shared dispositive power........................ -0- - ------------------------------------------------------------ ------------------- (11) Aggregate amount beneficially owned by each reporting 125,000 person. - ------------------------------------------------------------ ------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). - ------------------------------------------------------------ ------------------- (13) Percent of class represented by amount in Row (11)... 0.3% - ------------------------------------------------------------ ------------------- (14) Type of reporting person (see instructions).......... IC - ------------------------------------------------------------ ------------------- Page 11 of 31 SCHEDULE 13D CUSIP NO. 099541 20 3 - ------------------------------------------------------------ ------------------- (1) Names of reporting persons............................ I.R.S. Identification Nos. of above persons REVOCABLE TRUST OF (entities only)........................................... GLEN D. NELSON - ------------------------------------------------------------ ------------------- (2) Check the appropriate box if a member of a group (see (a) X instructions) - ------------------------------------------------------------ ------------------- (b) - ------------------------------------------------------------ ------------------- (3) SEC use only.......................................... - ------------------------------------------------------------ ------------------- (4) Source of funds (see instructions) WC - ------------------------------------------------------------ ------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). - ------------------------------------------------------------ ------------------- (6) Citizenship or place of organization.................. MINNESOTA - ------------------------------------------------------------ ------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power................................ 100,000 (8) Shared voting power.............................. -0- (9) Sole dispositive power........................... 100,000 (10) Shared dispositive power........................ -0- - ------------------------------------------------------------ ------------------- (11) Aggregate amount beneficially owned by each reporting 100,000 person. - ------------------------------------------------------------ ------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). - ------------------------------------------------------------ ------------------- (13) Percent of class represented by amount in Row (11)... 0.3% - ------------------------------------------------------------ ------------------- (14) Type of reporting person (see instructions).......... OO - ------------------------------------------------------------ ------------------- Page 12 of 31 SCHEDULE 13D CUSIP NO. 099541 20 3 - ------------------------------------------------------------ ------------------- (1) Names of reporting persons............................ I.R.S. Identification Nos. of above persons CURTIS L. CARLSON (entities only)........................................... OCTAGON TRUST - ------------------------------------------------------------ ------------------- (2) Check the appropriate box if a member of a group (see (a) X instructions) - ------------------------------------------------------------ ------------------- (b) - ------------------------------------------------------------ ------------------- (3) SEC use only.......................................... - ------------------------------------------------------------ ------------------- (4) Source of funds (see instructions) WC - ------------------------------------------------------------ ------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). - ------------------------------------------------------------ ------------------- (6) Citizenship or place of organization.................. MINNESOTA - ------------------------------------------------------------ ------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power................................ 120,000 (8) Shared voting power.............................. -0- (9) Sole dispositive power........................... 120,000 (10) Shared dispositive power........................ -0- - ------------------------------------------------------------ ------------------- (11) Aggregate amount beneficially owned by each reporting 120,000 person. - ------------------------------------------------------------ ------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). - ------------------------------------------------------------ ------------------- (13) Percent of class represented by amount in Row (11)... 0.3% - ------------------------------------------------------------ ------------------- (14) Type of reporting person (see instructions).......... OO - ------------------------------------------------------------ ------------------- Page 13 of 31 SCHEDULE 13D CUSIP NO. 099541 20 3 - ------------------------------------------------------------ ------------------- (1) Names of reporting persons............................ SCOTT C. GAGE I.R.S. Identification Nos. of above persons (entities only)........................................... - ------------------------------------------------------------ ------------------- (2) Check the appropriate box if a member of a group (see (a) X instructions) - ------------------------------------------------------------ ------------------- (b) - ------------------------------------------------------------ ------------------- (3) SEC use only.......................................... - ------------------------------------------------------------ ------------------- (4) Source of funds (see instructions) PF - ------------------------------------------------------------ ------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). - ------------------------------------------------------------ ------------------- (6) Citizenship or place of organization.................. USA - ------------------------------------------------------------ ------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power................................ 30,000 (8) Shared voting power.............................. -0- (9) Sole dispositive power........................... 30,000 (10) Shared dispositive power........................ -0- - ------------------------------------------------------------ ------------------- (11) Aggregate amount beneficially owned by each reporting 30,000 person. - ------------------------------------------------------------ ------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). - ------------------------------------------------------------ ------------------- (13) Percent of class represented by amount in Row (11)... 0.1% - ------------------------------------------------------------ ------------------- (14) Type of reporting person (see instructions).......... IN - ------------------------------------------------------------ ------------------- Page 14 of 31 SCHEDULE 13D CUSIP NO. 099541 20 3 - ------------------------------------------------------------ ------------------- (1) Names of reporting persons............................ RICHARD C. GAGE I.R.S. Identification Nos. of above persons (entities only)........................................... - ------------------------------------------------------------ ------------------- (2) Check the appropriate box if a member of a group (see (a) X instructions) - ------------------------------------------------------------ ------------------- (b) - ------------------------------------------------------------ ------------------- (3) SEC use only.......................................... - ------------------------------------------------------------ ------------------- (4) Source of funds (see instructions) PF - ------------------------------------------------------------ ------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). - ------------------------------------------------------------ ------------------- (6) Citizenship or place of organization.................. USA - ------------------------------------------------------------ ------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power................................ 20,000 (8) Shared voting power.............................. -0- (9) Sole dispositive power........................... 20,000 (10) Shared dispositive power........................ -0- - ------------------------------------------------------------ ------------------- (11) Aggregate amount beneficially owned by each reporting 20,000 person. - ------------------------------------------------------------ ------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). - ------------------------------------------------------------ ------------------- (13) Percent of class represented by amount in Row (11)... 0.1% - ------------------------------------------------------------ ------------------- (14) Type of reporting person (see instructions).......... IN - ------------------------------------------------------------ ------------------- Page 15 of 31 SCHEDULE 13D CUSIP NO. 099541 20 3 - ------------------------------------------------------------ ------------------- (1) Names of reporting persons............................ DIANA NELSON I.R.S. Identification Nos. of above persons (entities only)........................................... - ------------------------------------------------------------ ------------------- (2) Check the appropriate box if a member of a group (see (a) X instructions) - ------------------------------------------------------------ ------------------- (b) - ------------------------------------------------------------ ------------------- (3) SEC use only.......................................... - ------------------------------------------------------------ ------------------- (4) Source of funds (see instructions) PF - ------------------------------------------------------------ ------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). - ------------------------------------------------------------ ------------------- (6) Citizenship or place of organization.................. USA - ------------------------------------------------------------ ------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power................................ 10,000 (8) Shared voting power.............................. -0- (9) Sole dispositive power........................... 10,000 (10) Shared dispositive power........................ -0- - ------------------------------------------------------------ ------------------- (11) Aggregate amount beneficially owned by each reporting 10,000 person. - ------------------------------------------------------------ ------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). - ------------------------------------------------------------ ------------------- (13) Percent of class represented by amount in Row (11)... >0.1% - ------------------------------------------------------------ ------------------- (14) Type of reporting person (see instructions).......... IN - ------------------------------------------------------------ ------------------- Page 16 of 31 SCHEDULE 13D CUSIP NO. 099541 20 3 - ------------------------------------------------------------ ------------------- (1) Names of reporting persons............................ GEOFFREY C. GAGE I.R.S. Identification Nos. of above persons (entities only)........................................... - ------------------------------------------------------------ ------------------- (2) Check the appropriate box if a member of a group (see (a) X instructions) - ------------------------------------------------------------ ------------------- (b) - ------------------------------------------------------------ ------------------- (3) SEC use only.......................................... - ------------------------------------------------------------ ------------------- (4) Source of funds (see instructions) PF - ------------------------------------------------------------ ------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). - ------------------------------------------------------------ ------------------- (6) Citizenship or place of organization.................. USA - ------------------------------------------------------------ ------------------- Number of shares beneficially owned by each reporting person with: (7) Sole voting power................................ 10,000 (8) Shared voting power.............................. -0- (9) Sole dispositive power........................... 10,000 (10) Shared dispositive power........................ -0- - ------------------------------------------------------------ ------------------- (11) Aggregate amount beneficially owned by each reporting 10,000 person. - ------------------------------------------------------------ ------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions). - ------------------------------------------------------------ ------------------- (13) Percent of class represented by amount in Row (11)... >0.1% - ------------------------------------------------------------ ------------------- (14) Type of reporting person (see instructions).......... IN - ------------------------------------------------------------ ------------------- Page 17 of 31 ITEM 1. SECURITY AND ISSUER This statement relates to the voting Common Units of Borden Chemicals and Plastics Limited Partnership (the "Issuer"), a Delaware limited partnership, having its principal place of business at Highway 73, Geismar, Louisiana 70734. ITEM 2. IDENTITY AND BACKGROUND This statement is filed jointly by the individuals and entity identified below (collectively the "Holders"): 1. Marc H. Kozberg Dougherty Summit Securities LLC 90 South Seventh Street, Suite 4000 Minneapolis, MN 55402 Mr. Kozberg is an investor and is employed by Dougherty Summit Securities LLC 2. Bruce E. Hendry Dougherty Summit Securities LLC 90 South Seventh Street, Suite 4000 Minneapolis, MN 55402 Mr. Hendry is an investor and is employed by Dougherty Summit Securities LLC 3. James A. Potter Dougherty Summit Securities LLC 90 South Seventh Street, Suite 4000 Minneapolis, MN 55402 Mr. Potter is an investor and is employed by Dougherty Summit Securities LLC 4. Dr. Demetre Nicoloff 920 East 28th Street Minneapolis, MN 55407 Dr. Nicoloff is a physician with an office at the above address. 5. G. James Spinner Dougherty Summit Securities LLC 90 South Seventh Street, Suite 4000 Minneapolis, MN 55402 Mr. Spinner is an investor and is employed by Dougherty Summit Securities LLC Page 18 of 31 6. Robert H. Paymar Dougherty Summit Securities LLC 90 South Seventh Street, Suite 4000 Minneapolis, MN 55402 Mr. Paymar is an investor and is employed by Dougherty Summit Securities LLC 7. Stanley I. Barenbaum c/o Dougherty Summit Securities LLC 90 South Seventh Street, Suite 4000 Minneapolis, MN 55402 Mr. Barenbaum is an investor and is self employed 8. Summit Capital Appreciation Fund LP Dougherty Summit Securities LLC 90 South Seventh Street, Suite 4000 Minneapolis, MN 55402 Summit Capital Fund Appreciation Fund LP is a limited partnership organized in Minnesota. SCA Management Partners L.L.P., a Minnesota limited liability partnership, is the general partner of Summit Capital Appreciation Fund LP. Messrs. Kozberg, Nicoloff, Spinner, Paymar, and Barenbaum are the partners of SCA Management Partners L.L.P. 9. Curtis L. Carlson Foundation 701 Carlson Parkway Minneapolis, MN 55459-8215 Curtis L. Carlson Foundation is a foundation organized under the laws of the State of Minnesota. 10. NAFCO Insurance Company Ltd. of Bermuda 701 Carlson Parkway Minneapolis, MN 55459-8215 NAFCO Insurance Company Ltd. of Bermuda is a corporation organized under the laws of Bermuda. 11. Revocable Trust of Glen D. Nelson 701 Carlson Parkway Minneapolis, MN 55459-8215 Revocable Trust of Glen D. Nelson is a trust organized under the laws of the State of Minnesota. 12. Curtis L. Carlson Octagon Trust 701 Carlson Parkway Minneapolis, MN 55459-8215 Curtis L. Carlson Octagon Trust is a trust organized under the laws of the State of Minnesota. Page 19 of 31 13. Scott C. Gage 701 Carlson Parkway Minneapolis, MN 55459-8215 Mr. Gage is an investor and is employed by Gage Marketing Group 14. Richard C. Gage 701 Carlson Parkway Minneapolis, MN 55459-8215 Mr. Gage is an investor and small business owner 15. Diana Nelson 701 Carlson Parkway Minneapolis, MN 55459-8215 Ms. Nelson is an investor 16. Geoffrey C. Gage 701 Carlson Parkway Minneapolis, MN 55459-8215 Mr. Gage is an investor and is employed by Gage Marketing Group None of the above-referenced Holders has, during the past five years, been convicted in a criminal proceeding, excluding traffic violations or similar misdemeanors, nor have any of the Holders been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction where, as a result of such proceeding, any of the Holders became subject to a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws. Each individual Holder is a citizen of the United States. Summit Capital Appreciation Fund LP is a limited partnership organized in Minnesota. Curtis L. Carlson Foundation is a foundation organized under the laws of the State of Minnesota. NAFCO Insurance Company Ltd. of Bermuda is a corporation organized under the laws of Bermuda. Revocable Trust of Glen D. Nelson and Curtis L. Carlson Octagon Trust are trusts organized under the laws of the State of Minnesota. Page 20 of 31 ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The Common Units of the Issuer were purchased by each Holder from available cash resources or working capital. ITEM 4. PURPOSE OF TRANSACTION. See Item 3. The Holders have acquired the Common Units of the Issuer for investment purposes. The Holders specifically reserve the right to purchase additional or sell Common Units of the Issuer if they deem it in their best interest, and to communicate with other Unit holders of the Issuer regarding matters of common concern as Unit holders of the Issuer. The Holders do not have any plans or proposals respecting extraordinary corporate transactions effecting the Issuer, sale of its assets, changes in its management, capitalization, dividend policy, business or corporate structure, charter or bylaws, or the listing of the Issuer's securities or similar actions, but the Holders do intend to explore opportunities to enhance Unit holder value. To that end, the Holders intend to explore the retention of an investment banking firm to advise and assist Holders in evaluating strategies for maximizing Unit holder value. Mr. Kozberg and Mr. Hendry, intend to actively monitor management of the Issuer on behalf of the Holders and to consult with management relating to enhancement of Unit holder value. Page 21 of 31 ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Information with respect to the aggregate number, and percentage, of all outstanding Common Units beneficially owned as of November 25, 1998 by each of the Holders is set forth below:
PERCENTAGE OF NAME NUMBER OF COMMON UNITS OUTSTANDING UNITS ---- ---------------------- ----------------- Marc H. Kozberg 450,000 * 1.2% Bruce E. Hendry 1,091,300 3.0% Dr. Demetre Nicoloff 550,000 * 1.5% G. James Spinner 450,000 * 1.2% Robert H. Paymar 500,000 * 1.4% Stanley I. Barenbaum 450,000 * 1.2% James A. Potter 40,000 0.1% Summit Capital Appreciation Fund LP 400,000 1.1% Curtis L. Carlson Foundation 125,000 0.3% NAFCO Insurance Company Ltd. of Bermuda 125,000 0.3% Revocable Trust of Glen D. Nelson 100,000 0.3% Curtis L. Carlson Octagon Trust 120,000 0.3% Scott C. Gage 30,000 0.1% Richard C. Gage 20,000 0.1% Diana Nelson 10,000 >0.1% Geoffrey C. Gage 10,000 >0.1%
* Includes 400,000 Common Units owned by Summit Capital Appreciation Fund LP. The Holders' response to Items 7 through 13 of the cover pages of the statement are incorporated herein by reference. According to the Issuer's most current filing with the SEC, the Issuer has 36,750,000 Common Units outstanding. The Holders, at the present time, collectively own 2,471,300 Units of the Issuer's Common Units, constituting approximately 6.7% of all of the outstanding voting Common Units. Page 22 of 31 Transactions by the Holders in Common Units of the Issuer since the most recent filing of Schedule 13D are as follows:
TYPE OF NUMBER OF PRICE/ NAME DATE TRANSACTION UNITS UNIT Demetre Nicoloff 10/30/98 Buy 30,000 3.89 Marc H. Kozberg 11/02/98 Buy 35,000 4.25 Marc H. Kozberg 11/02/98 Sell 50,000 4.0625 Marc H. Kozberg 11/10/98 Buy 5,000 3.5625 Demetre Nicoloff 11/11/98 Buy 12,300 3.9375 Demetre Nicoloff 11/12/98 Buy 7,700 3.9375 CLC Family Foundation* 11/13/98 Buy 71,000 3.9591 NAFCO** 11/13/98 Buy 71,000 3.9591 CLC Family Foundation 11/16/98 Buy 40,000 4.293 NAFCO 11/16/98 Buy 40,000 4.293 Scott C. Gage 11/18/98 Buy 21,000 4.1875 GDN Revocable Trust*** 11/18/98 Buy 70,000 4.1875 NAFCO 11/18/98 Buy 14,000 4.1875 CLC Family Foundation 11/18/98 Buy 14,000 4.1875 CLC Octagon Trust**** 11/19/98 Buy 9,000 4.4375 Scott C.Gage 11/19/98 Buy 9,000 4.4375 GDN Revocable Trust 11/19/98 Buy 30,000 4.4375 Diana Nelson 11/19/98 Buy 10,000 4.4375 CLC Octagon Trust 11/20/98 Buy 52,000 4.4967 Geoffrey C. Gage 11/20/98 Buy 10,000 4.4967 Richard C. Gage 11/20/98 Buy 20,000 4.4967 CLC Octagon Trust 11/23/98 Buy 19,000 4.375 CLC Octagon Trust 11/24/98 Buy 20,000 4.1875 CLC Octagon Trust 11/24/98 Buy 20,000 4.3125 Marc H. Kozberg 11/25/98 Buy 10,000 3.9375 TOTAL (SELL) (50,000) TOTAL (BUY) 640,000 ------- TOTAL (NET) 590,000
* Curtis L. Carlson Family Foundation ** NAFCO Insurance Company Ltd. of Bermuda *** Revocable Trust of Glen D. Nelson **** Curtis L. Carlson Octagon Trust ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. None. Page 23 of 31 ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit A -- Agreement as to joint filing pursuant to Regulation Section 240.13d-1(f)(1)(iii). Page 24 of 31 SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 1998 /s/ Bruce E. Hendry ------------------------ Bruce E. Hendry SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 1998 /s/ Marc H. Kozberg ------------------------ Marc H. Kozberg SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 1998 /s/ Dr. Demetre Nicoloff ------------------------ Dr. Demetre Nicoloff SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 1998 /s/ G. James Spinner ------------------------ G. James Spinner Page 25 of 31 SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 1998 /s/ Robert H. Paymar ------------------------ Robert H. Paymar SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 1998 /s/ Stanley I. Barenbaum ------------------------ Stanley I. Barenbaum SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 1998 /s/ James A. Potter ------------------------ James A. Potter Page 26 of 31 SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 1998 SUMMIT CAPITAL APPRECIATION FUND LP By: SCA Management Partners L.L.P. By: /s/ Marc H. Kozberg ------------------------ Marc H. Kozberg, a partner SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 1998 CURTIS L. CARLSON FOUNDATION By: /s/ Donna Snyder ------------------------------- Donna Snyder, Trustee SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 1998 NAFCO INSURANCE COMPANY LTD. OF BERMUDA By: /s/ John Diracles ------------------------------- John Diracles, Jr., President Page 27 of 31 SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 1998 REVOCABLE TRUST OF GLEN D. NELSON By: /s/ Glen D. Nelson ------------------------------- Glen D. Nelson, Trustee SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 1998 CURTIS L. CARLSON OCTAGON TRUST By: /s/ John Flottmeier ------------------------------- John Flottmeier, Trustee SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 1998 By: /s/ Scott C. Gage ------------------------------- Scott C. Gage Page 28 of 31 SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 1998 By: /s/ Richard C. Gage ------------------------------- Richard C. Gage SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 1998 By: /s/ Diana Nelson ------------------------------- Diana Nelson SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 1998 By: /s/ Geoffrey C. Gage ------------------------------- Geoffrey C. Gage Page 29 of 31 EXHIBIT A AGREEMENT AS TO JOINT FILING Pursuant to Regulation Section 240.13d-1(f)(1)(iii), the undersigned acknowledge and agree that the attached Schedule 13D relating to Borden Chemicals and Plastics Limited Partnership is being filed on behalf of each of the undersigned. /s/ Bruce E. Hendry ---------------------------------------- Bruce E. Hendry /s/ Marc H. Kozberg ---------------------------------------- Marc H. Kozberg /s/ Dr. Demetre Nicoloff ---------------------------------------- Dr. Demetre Nicoloff /s/ G. James Spinner ---------------------------------------- G. James Spinner /s/ Robert H. Paymar ---------------------------------------- Robert H. Paymar /s/ Stanley I. Barenbaum ---------------------------------------- Stanley I. Barenbaum /s/ James A. Potter ---------------------------------------- James A. Potter SUMMIT CAPITAL APPRECIATION FUND LP By: SCA Management Partners L.L.P. By: /s/ Marc H. Kozberg ---------------------------- Marc H. Kozberg, a partner Page 30 of 31 CURTIS L. CARLSON FOUNDATION By: /s/ Donna Snyder ------------------------------------ Donna Snyder, Trustee NAFCO INSURANCE COMPANY LTD.OF BERMUDA By: /s/ John Diracles ------------------------------------ John Diracles, Jr., President REVOCABLE TRUST OF GLEN D. NELSON By: /s/ Glen D. Nelson ------------------------------------ Glen D. Nelson, Trustee CURTIS L. CARLSON OCTAGON TRUST By: /s/ John Flottmeier ------------------------------------ John Flottmeier, Trustee /s/ Scott C. Gage ---------------------------------------- Scott C. Gage /s/ Richard C. Gage ---------------------------------------- Richard C. Gage /s/ Diana Nelson ---------------------------------------- Diana Nelson /s/ Geoffrey C. Gage ---------------------------------------- Geoffrey C. Gage Page 31 of 31 -----END PRIVACY-ENHANCED MESSAGE-----