-----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, LIYqz/nI8SauuIApxaN78uAKJMahCpP5zQerLbTrC3SfBaoEeMTN88mBI+y0lCmB JOJM3/nj7U43LA9oYniBGA== 0000950142-98-000737.txt : 19980930 0000950142-98-000737.hdr.sgml : 19980930 ACCESSION NUMBER: 0000950142-98-000737 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980929 SROS: NASD GROUP MEMBERS: DAVIDSON KEMPNER ADVISERS INC. GROUP MEMBERS: DAVIDSON KEMPNER ENDOWMENT PARTNERS GROUP MEMBERS: DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, L.P. GROUP MEMBERS: DAVIDSON KEMPNER INTERNATIONAL ADVISORS, L.L.C. GROUP MEMBERS: DAVIDSON KEMPNER INTERNATIONAL LTD. GROUP MEMBERS: DAVIDSON KEMPNER PARTNERS GROUP MEMBERS: DAVIDSON M H & CO INC/ GROUP MEMBERS: M.H. DAVIDSON & CO. GROUP MEMBERS: MARVIN H. DAVIDSON GROUP MEMBERS: MHD MANAGEMENT CO. GROUP MEMBERS: MICHAEL J. LEFFELL GROUP MEMBERS: SCOTT E. DAVIDSON GROUP MEMBERS: STEPHEN M. DOWICZ GROUP MEMBERS: THOMAS L. KEMPNER, JR. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NOEL GROUP INC CENTRAL INDEX KEY: 0000829269 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-HARDWARE [5072] IRS NUMBER: 132649262 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-47711 FILM NUMBER: 98717367 BUSINESS ADDRESS: STREET 1: 667 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10021 BUSINESS PHONE: 2123711400 MAIL ADDRESS: STREET 1: 667 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10021 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DAVIDSON M H & CO INC/ CENTRAL INDEX KEY: 0000937617 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 885 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2123713000 MAIL ADDRESS: STREET 2: 885 THIRD AVE SUITE 810 CITY: NEW YORK STATE: NY ZIP: 10022-4834 SC 13D/A 1 AMENDMENT NO. 3 TO SCHEDULE 13D ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 (AMENDMENT NO. 3) ----------------------- NOEL GROUP, INC. (Name of Issuer) COMMON STOCK, PAR VALUE $.10 PER SHARE (Title of Class of Securities) 655260107 (CUSIP Number) ----------------------- TIMOTHY I. LEVART 885 THIRD AVENUE NEW YORK, NY 10022 TEL. NO.: (212) 371-3813 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) ----------------------- SEPTEMBER 24, 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 statement because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with the statement [ ]. ================================================================================ Page 1 of 25 Pages SCHEDULE 13D CUSIP NO. 655260107 PAGE 2 OF 25 PAGES --------- (1) Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Davidson Kempner Partners ------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) X (b) ----------------- ----------------------------------- (3) SEC Use Only (4) Source of Funds WC --------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] ------------------------------ (6) Citizenship or Place of Organization New York ------------------------ Number of (7) Sole Voting Power 277,200 Shares Bene- ------------------------ ficially (8) Shared Voting Power - Owned by Each ---------------------- Reporting (9) Sole Dispositive Power 277,200 Person With ------------------- (10) Shared Dispositive Power - ----------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 277,200 ----------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] ----------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 1.35% --------- (14) Type of Reporting Person PN ----------------------------------- SCHEDULE 13D CUSIP NO. 655260107 PAGE 3 OF 25 PAGES --------- (1) Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Davidson Kempner Institutional Partners, L.P. ------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) X (b) ----------------- ----------------------------------- (3) SEC Use Only (4) Source of Funds WC --------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] ------------------------------ (6) Citizenship or Place of Organization Delaware ------------------------ Number of (7) Sole Voting Power 474,300 Shares Bene- ------------------------ ficially (8) Shared Voting Power - Owned by Each ---------------------- Reporting (9) Sole Dispositive Power 474,300 Person With ------------------- (10) Shared Dispositive Power - ----------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 474,300 ----------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] ----------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 2.31% --------- (14) Type of Reporting Person PN ----------------------------------- SCHEDULE 13D CUSIP NO. 655260107 PAGE 4 OF 25 PAGES --------- (1) Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Davidson Kempner Endowment Partners ------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) X (b) ----------------- ----------------------------------- (3) SEC Use Only (4) Source of Funds WC --------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] ------------------------------ (6) Citizenship or Place of Organization New York ------------------------ Number of (7) Sole Voting Power 148,800 Shares Bene- ------------------------ ficially (8) Shared Voting Power - Owned by Each ---------------------- Reporting (9) Sole Dispositive Power 148,800 Person With ------------------- (10) Shared Dispositive Power - ----------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 148,800 ----------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] ----------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.72% --------- (14) Type of Reporting Person PN ----------------------------------- SCHEDULE 13D CUSIP NO. 655260107 PAGE 5 OF 25 PAGES --------- (1) Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons MHD Management Co. ------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) X (b) ----------------- ----------------------------------- (3) SEC Use Only (4) Source of Funds AF --------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] ------------------------------ (6) Citizenship or Place of Organization New York ------------------------ Number of (7) Sole Voting Power 426,000 Shares Bene- ------------------------ ficially (8) Shared Voting Power - Owned by Each ---------------------- Reporting (9) Sole Dispositive Power 426,000 Person With ------------------- (10) Shared Dispositive Power - ----------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 426,000 ----------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] ----------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 2.07% --------- (14) Type of Reporting Person PN ----------------------------------- SCHEDULE 13D CUSIP NO. 655260107 PAGE 6 OF 25 PAGES --------- (1) Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons M.H. Davidson & Co. ------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) X (b) ----------------- ----------------------------------- (3) SEC Use Only (4) Source of Funds WC --------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] ------------------------------ (6) Citizenship or Place of Organization New York ------------------------ Number of (7) Sole Voting Power 18,100 Shares Bene- ------------------------ ficially (8) Shared Voting Power - Owned by Each ---------------------- Reporting (9) Sole Dispositive Power 18,100 Person With ------------------- (10) Shared Dispositive Power - ----------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 18,100 ----------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] ----------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) .09% --------- (14) Type of Reporting Person PN ----------------------------------- SCHEDULE 13D CUSIP NO. 655260107 PAGE 7 OF 25 PAGES --------- (1) Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Davidson Kempner Advisers Inc. ------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) X (b) ----------------- ----------------------------------- (3) SEC Use Only (4) Source of Funds AF --------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] ------------------------------ (6) Citizenship or Place of Organization New York ------------------------ Number of (7) Sole Voting Power 474,300 Shares Bene- ------------------------ ficially (8) Shared Voting Power - Owned by Each ---------------------- Reporting (9) Sole Dispositive Power 474,300 Person With ------------------- (10) Shared Dispositive Power - ----------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 474,300 ----------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] ----------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 2.31% --------- (14) Type of Reporting Person CO ----------------------------------- SCHEDULE 13D CUSIP NO. 655260107 PAGE 8 OF 25 PAGES --------- (1) Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Davidson Kempner International Ltd. ------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) X (b) ----------------- ----------------------------------- (3) SEC Use Only (4) Source of Funds WC --------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] ------------------------------ (6) Citizenship or Place of Organization British Virgin Islands ------------------------ Number of (7) Sole Voting Power 47,200 Shares Bene- ------------------------ ficially (8) Shared Voting Power - Owned by Each ---------------------- Reporting (9) Sole Dispositive Power 47,200 Person With ------------------- (10) Shared Dispositive Power - ----------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 47,200 ----------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] ----------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.23% --------- (14) Type of Reporting Person CO ----------------------------------- SCHEDULE 13D CUSIP NO. 655260107 PAGE 9 OF 25 PAGES --------- (1) Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Davidson Kempner International Advisors, L.L.C. ------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) X (b) ----------------- ----------------------------------- (3) SEC Use Only (4) Source of Funds AF --------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] ------------------------------ (6) Citizenship or Place of Organization Delaware ------------------------ Number of (7) Sole Voting Power 47,200 Shares Bene- ------------------------ ficially (8) Shared Voting Power - Owned by Each ---------------------- Reporting (9) Sole Dispositive Power 47,200 Person With ------------------- (10) Shared Dispositive Power - ----------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 47,200 ----------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] ----------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.23% --------- (14) Type of Reporting Person CO ----------------------------------- SCHEDULE 13D CUSIP NO. 655260107 PAGE 10 OF 25 PAGES --------- (1) Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Marvin H. Davidson ------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) X (b) ----------------- ----------------------------------- (3) SEC Use Only (4) Source of Funds AF --------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] ------------------------------ (6) Citizenship or Place of Organization United States ------------------------ Number of (7) Sole Voting Power - Shares Bene- ------------------------ ficially (8) Shared Voting Power 965,600 Owned by Each ---------------------- Reporting (9) Sole Dispositive Power - Person With ------------------- (10) Shared Dispositive Power 965,600 ----------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 965,600 ----------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [X] ----------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 4.69% --------- (14) Type of Reporting Person IN ----------------------------------- SCHEDULE 13D CUSIP NO. 655260107 PAGE 11 OF 25 PAGES --------- (1) Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Thomas L. Kempner, Jr. ------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) X (b) ----------------- ----------------------------------- (3) SEC Use Only (4) Source of Funds AF, PF --------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] ------------------------------ (6) Citizenship or Place of Organization United States ------------------------ Number of (7) Sole Voting Power -- Shares Bene- ------------------------ ficially (8) Shared Voting Power 966,300 Owned by Each ---------------------- Reporting (9) Sole Dispositive Power -- Person With ------------------- (10) Shared Dispositive Power 966,300 ----------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 966,300 ----------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [X] ----------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 4.7% --------- (14) Type of Reporting Person IN ----------------------------------- SCHEDULE 13D CUSIP NO. 655260107 PAGE 12 OF 25 PAGES --------- (1) Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Stephen M. Dowicz ------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) X (b) ----------------- ----------------------------------- (3) SEC Use Only (4) Source of Funds AF --------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] ------------------------------ (6) Citizenship or Place of Organization United States ------------------------ Number of (7) Sole Voting Power - Shares Bene- ------------------------ ficially (8) Shared Voting Power 966,300 Owned by Each ---------------------- Reporting (9) Sole Dispositive Power - Person With ------------------- (10) Shared Dispositive Power 966,300 ----------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 966,300 ----------------------------------------------------- (12) Check 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 ----------------------------------- SCHEDULE 13D CUSIP NO. 655260107 PAGE 13 OF 25 PAGES --------- (1) Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Scott E. Davidson ------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) X (b) ----------------- ----------------------------------- (3) SEC Use Only (4) Source of Funds AF --------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] ------------------------------ (6) Citizenship or Place of Organization United States ------------------------ Number of (7) Sole Voting Power - Shares Bene- ------------------------ ficially (8) Shared Voting Power 966,300 Owned by Each ---------------------- Reporting (9) Sole Dispositive Power - Person With ------------------- (10) Shared Dispositive Power 966,300 ----------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 966,300 ----------------------------------------------------- (12) Check 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 ----------------------------------- SCHEDULE 13D CUSIP NO. 655260107 PAGE 14 OF 25 PAGES --------- (1) Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Michael J. Leffell ------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) X (b) ----------------- ----------------------------------- (3) SEC Use Only (4) Source of Funds AF --------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] ------------------------------ (6) Citizenship or Place of Organization United States ------------------------ Number of (7) Sole Voting Power - Shares Bene- ------------------------ ficially (8) Shared Voting Power 966,300 Owned by Each ---------------------- Reporting (9) Sole Dispositive Power - Person With ------------------- (10) Shared Dispositive Power 966,300 ----------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 966,300 ----------------------------------------------------- (12) Check 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 ----------------------------------- SCHEDULE 13D CUSIP NO. 655260107 PAGE 15 OF 25 PAGES --------- This Amendment No. 3 to Schedule 13D with respect to shares of Common Stock, par value $ .10 per share (the "Common Stock"), of Noel Group, Inc. (the "Company") originally filed on October 6, 1997, as amended by Amendment No. 1 dated February 11, 1998 and by Amendment No. 2 dated March 12, 1998 (the "Schedule 13D") amends Item 5 of the Schedule 13D. The Schedule 13D is hereby amended as follows: Item 5. Interest in Securities of the Issuer. The aggregate percentage of shares of Common Stock reported owned by each person herein is based upon the Issuer's Form 10-Q filed on August 14, 1998, which disclosed that 20,567,757 shares of Common Stock were outstanding at the close of business on August 12, 1998. As of the close of business on September 24, 1998: Name of Reporting Party: DKP (A) AGGREGATE NUMBER OF SECURITIES OWNED 277,200 PERCENTAGE 1.35% (B) 1. SOLE POWER TO VOTE OR TO DIRECT THE VOTE 277,200 2. SHARED POWER TO VOTE OR TO DIRECT THE VOTE -- 3. SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION 277,200 4. SHARED POWER TO DISPOSE OF OR TO DIRECT THE DISPOSITION -- (C) INFORMATION CONCERNING TRANSACTIONS IN THE COMMON STOCK EFFECTED BY DKP IS SET FORTH IN APPENDIX II. DKIP (A) AGGREGATE NUMBER OF SECURITIES OWNED 474,300 SCHEDULE 13D CUSIP NO. 655260107 PAGE 16 OF 25 PAGES --------- PERCENTAGE 2.31% (B) 1. SOLE POWER TO VOTE OR TO DIRECT THE VOTE 474,300 2. SHARED POWER TO VOTE OR TO DIRECT THE VOTE -- 3. SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION 474,300 4. SHARED POWER TO DISPOSE OF OR TO DIRECT THE DISPOSITION -- (C) INFORMATION CONCERNING TRANSACTIONS IN THE COMMON STOCK EFFECTED BY DKIP IS SET FORTH IN APPENDIX II. DKEP (A) AGGREGATE NUMBER OF SECURITIES OWNED 148,800 PERCENTAGE .072% (B) 1. SOLE POWER TO VOTE OR TO DIRECT THE VOTE 148,800 2. SHARED POWER TO VOTE OR TO DIRECT THE VOTE -- 3. SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION 148,800 4. SHARED POWER TO DISPOSE OF OR TO DIRECT THE DISPOSITION -- (C) INFORMATION CONCERNING TRANSACTIONS IN THE COMMON STOCK EFFECTED BY DKEP IS SET FORTH IN APPENDIX II. MHD MANAGEMENT CO. (A) AGGREGATE NUMBER OF SECURITIES OWNED 426,000 (B) PERCENTAGE 2.07% 1. SOLE POWER TO VOTE OR TO DIRECT THE VOTE 426,000 2. SHARED POWER TO VOTE OR TO DIRECT THE VOTE -- SCHEDULE 13D CUSIP NO. 655260107 PAGE 17 OF 25 PAGES --------- 3. SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION 426,000 4. SHARED POWER TO DIRECT THE DISPOSITION -- M.H. DAVIDSON & CO. (A) AGGREGATE NUMBER OF SECURITIES OWNED 18,100 (B) PERCENTAGE .09% 1. SOLE POWER TO VOTE OR TO DIRECT THE VOTE 18,100 2. SHARED POWER TO VOTE OR TO DIRECT THE VOTE -- 3. SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION 18,100 4. SHARED POWER TO DIRECT THE DISPOSITION -- (C) INFORMATION CONCERNING TRANSACTIONS IN THE COMMON STOCK EFFECTED BY M.H. DAVIDSON & CO. IS SET FORTH IN APPENDIX II. DAVIDSON KEMPNER ADVISERS INC. (A) AGGREGATE NUMBER OF SECURITIES OWNED 474,300 (B) PERCENTAGE 2.31% 1. SOLE POWER TO VOTE OR TO DIRECT THE VOTE 474,300 2. SHARED POWER TO VOTE OR TO DIRECT THE VOTE -- 3. SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITIONS 474,300 4. SHARED POWER TO DIRECT THE DISPOSITION -- SCHEDULE 13D CUSIP NO. 655260107 PAGE 18 OF 25 PAGES --------- DAVIDSON KEMPNER INTERNATIONAL LTD. (A) AGGREGATE NUMBER OF SECURITIES OWNED 47,200 (B) PERCENTAGE .23% 1. SOLE POWER TO VOTE OR TO DIRECT THE VOTE 47,200 2. SHARED POWER TO VOTE OR TO DIRECT THE VOTE -- 3. SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION 47,200 4. SHARED POWER TO DIRECT THE DISPOSITION -- (C) INFORMATION CONCERNING TRANSACTIONS IN THE COMMON STOCK EFFECTED BY DKIL IS SET FORTH IN APPENDIX II. DKIA (A) AGGREGATE NUMBER OF SECURITIES OWNED 47,200 (B) PERCENTAGE .23% 1. SOLE POWER TO VOTE OR TO DIRECT THE VOTE 47,200 2. SHARED POWER TO VOTE OR TO DIRECT THE VOTE -- 3. SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION 47,200 4. SHARED POWER TO DIRECT THE DISPOSITION -- MARVIN H. DAVIDSON (A) AGGREGATE NUMBER OF SECURITIES OWNED 965,600 (B) PERCENTAGE 4.69% 5. SOLE POWER TO VOTE OR TO DIRECT THE VOTE -- SCHEDULE 13D CUSIP NO. 655260107 PAGE 19 OF 25 PAGES --------- 6. SHARED POWER TO VOTE OR TO DIRECT THE VOTE 965,600 7. SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITIONS -- 8. SHARED POWER TO DIRECT THE DISPOSITION 965,600 (E) MR. DAVIDSON CEASED TO BE THE BENEFICIAL OWNER OF MORE THAN FIVE PERCENT OF THE COMMON STOCK ON SEPTEMBER 24, 1998. THOMAS L. KEMPNER, JR. (A) AGGREGATE NUMBER OF SECURITIES OWNED 966,300*/ (B) PERCENTAGE 4.7% 1. SOLE POWER TO VOTE OR TO DIRECT THE VOTE -- 2. SHARED POWER TO VOTE OR TO DIRECT THE VOTE 966,300 3. SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION -- 4. SHARED POWER TO DIRECT THE DISPOSITION 966,300 (E) MR. KEMPNER CEASED TO BE THE BENEFICIAL OWNER OF MORE THAN FIVE PERCENT OF THE COMMON STOCK ON SEPTEMBER 24, 1998 STEPHEN M. DOWICZ (A) AGGREGATE NUMBER OF SECURITIES OWNED 966,300*/ (B) PERCENTAGE 4.7% - -------- */ INCLUDES 700 SHARES HELD BY THE M.H. DAVIDSON & CO., INC. 401(K) PLAN, OF WHICH MESSRS. KEMPNER, LEFFELL, DOWICZ AND SCOTT DAVIDSON ARE THE TRUSTEES. EACH OF MESSRS. KEMPNER, LEFFELL, DOWICZ AND SCOTT DAVIDSON DISCLAIMS BENEFICIAL OWNERSHIP OF SUCH SHARES EXCEPT TO THE EXTENT OF SUCH PERSONS INTEREST IN SUCH 401(K) PLAN. SCHEDULE 13D CUSIP NO. 655260107 PAGE 20 OF 25 PAGES --------- 1. SOLE POWER TO VOTE OR TO DIRECT THE VOTE -- 2. SHARED POWER TO VOTE OR TO DIRECT THE VOTE 966,300 3. SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION -- 4. SHARED POWER TO DIRECT THE DISPOSITION 966,300 (E) MR. DOWICZ CEASED TO BE THE BENEFICIAL OWNER OF MORE THAN FIVE PERCENT OF THE COMMON STOCK ON SEPTEMBER 24, 1998 SCOTT E. DAVIDSON (A) AGGREGATE NUMBER OF SECURITIES OWNED 966,300*/ (B) PERCENTAGE 4.7% 1. SOLE POWER TO VOTE OR TO DIRECT THE VOTE -- 2. SHARED POWER TO VOTE OR TO DIRECT THE VOTE 966,300 3. SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION -- 4. SHARED POWER TO DIRECT THE DISPOSITION 966,300 (E) MR. DAVIDSON CEASED TO BE THE BENEFICIAL OWNER OF MORE THAN FIVE PERCENT OF THE COMMON STOCK ON SEPTEMBER 24, 1998 - -------- */ INCLUDES 700 SHARES HELD BY THE M.H. DAVIDSON & CO., INC. 401(K) PLAN, OF WHICH MESSRS. KEMPNER, LEFFELL, DOWICZ AND SCOTT DAVIDSON ARE THE TRUSTEES. EACH OF MESSRS. KEMPNER, LEFFELL, DOWICZ AND SCOTT DAVIDSON DISCLAIMS BENEFICIAL OWNERSHIP OF SUCH SHARES EXCEPT TO THE EXTENT OF SUCH PERSONS INTEREST IN SUCH 401(K) PLAN. SCHEDULE 13D CUSIP NO. 655260107 PAGE 21 OF 25 PAGES --------- MICHAEL J. LEFFELL (A) AGGREGATE NUMBER OF SECURITIES OWNED 966,300*/ (B) PERCENTAGE 4.7% 1. SOLE POWER TO VOTE OR TO DIRECT THE VOTE -- 2. SHARED POWER TO VOTE OR TO DIRECT THE VOTE 966,300 3. SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION -- 4. SHARED POWER TO DIRECT THE DISPOSITION 966,300 (E) MR. LEFFELL CEASED TO BE THE BENEFICIAL OWNER OF MORE THAN FIVE PERCENT OF THE COMMON STOCK ON SEPTEMBER 24, 1998 SCHEDULE 13D CUSIP NO. 655260107 PAGE 22 OF 25 PAGES --------- SIGNATURES 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. September 29, 1998 DAVIDSON KEMPNER PARTNERS By MHD Management Co., its general partner By: /s/ Thomas L. Kempner, Jr. ------------------------------ Thomas L. Kempner, Jr. General Partner DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, L.P. By Davidson Kempner Advisers Inc., its general partner By: /s/ Thomas L. Kempner, Jr. ------------------------------ Thomas L. Kempner, Jr. Secretary SCHEDULE 13D CUSIP NO. 655260107 PAGE 23 OF 25 PAGES --------- DAVIDSON KEMPNER ENDOWMENT PARTNERS By MHD Management Co., its general partner By: /s/ Thomas L. Kempner, Jr. ------------------------------ Thomas L. Kempner, Jr. General Partner MHD MANAGEMENT CO. By: /s/ Thomas L. Kempner, Jr. ------------------------------ Thomas L. Kempner, Jr. General Partner DAVIDSON KEMPNER ADVISERS INC. By: /s/ Thomas L. Kempner, Jr. ------------------------------ Thomas L. Kempner, Jr. Secretary DAVIDSON KEMPNER INTERNATIONAL LTD. By Davidson Kempner International Advisors, LLC By: /s/ Thomas L. Kempner, Jr. ------------------------------ Thomas L. Kempner, Jr. A Managing Member DAVIDSON KEMPNER INTERNATIONAL ADVISORS, LLC By: /s/ Thomas L. Kempner, Jr. ------------------------------ Thomas L. Kempner, Jr. A Managing Member SCHEDULE 13D CUSIP NO. 655260107 PAGE 24 OF 25 PAGES --------- /s/ Marvin H. Davidson ---------------------- Marvin H. Davidson /s/ Thomas L. Kempner, Jr. -------------------------- Thomas L. Kempner, Jr. /s/ Stephen M. Dowicz --------------------- Stephen M. Dowicz /s/ Scott E. Davidson --------------------- Scott E. Davidson /s/ Michael J. Leffell ---------------------- Michael J. Leffell SCHEDULE 13D CUSIP NO. 655260107 PAGE 25 OF 25 PAGES --------- APPENDIX II Noel Group, Inc. Transaction Schedule For the sixty-day period ending September 29, 1998 Where/How Price/ Transaction Date Quantity Share ($) Buy/Sell Affected ---- -------- --------- -------- --------- 9/23/98 60,000 3.389 Sell Open Market 9/24/98 350,000 3.37375 Sell Open Market -----END PRIVACY-ENHANCED MESSAGE-----