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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
-----------
TENNECO AUTOMOTIVE INC.
(Name of Issuer)
-----------
Common Stock, $0.01 par value per share 880349105
(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)
July 2, 2002
(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 Rule 13d - 1(e), Rule 13d - 1(f) or Rule 13 d - 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. See Rule13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 16 pages)
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--------------------------------------------------------------------------------
NY2:1171437
---------------------------------------------------- -----------------------------------------------
CUSIP No. 880349105 13D Page 2 of 16 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, OO
------------------------ -------------------------------------------------------------------------------------------
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: 400,000
SHARES
---------------- -----------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 400,000
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
------------------------ -------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 400,000
------------------------ -------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ -------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.0%
------------------------ -------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
------------------------ -------------------------------------------------------------------------------------------
Page 2 of 16
---------------------------------------------------- ------------------------------------------------
CUSIP No. 880349105 13D Page 3 of 16 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, OO
------------------------ --------------------------------------------------------------------------------------------
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: 225,700
SHARES
---------------- -----------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 225,700
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
------------------------ --------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 225,700
------------------------ --------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ --------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11): 0.6%
------------------------ --------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
------------------------ --------------------------------------------------------------------------------------------
---------------------------------------------------- --------------------------------------------------
CUSIP No. 880349105 13D Page 4 of 16 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, OO
------------------------ ----------------------------------------------------------------------------------------------
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: 400,000
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 400,000
------------------------ ----------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 400,000
------------------------ ----------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ ----------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.0%
------------------------ ----------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
------------------------ ----------------------------------------------------------------------------------------------
---------------------------------------------------- -----------------------------------------------
CUSIP No. 880349105 13D Page 5 of 16 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, OO
------------------------ -------------------------------------------------------------------------------------------
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: 225,700
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 225,700
------------------------ -------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 225,700
------------------------ -------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ -------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11): 0.6%
------------------------ -------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
------------------------ -------------------------------------------------------------------------------------------
Page 5 of 16
---------------------------------------------------- -----------------------------------------------
CUSIP No. 880349105 13D Page 6 of 16 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: WC, OO
------------------------ --------------------------------------------------------------------------------------------
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: 2,036,200
SHARES
---------------- -----------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 2,036,200
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
------------------------ --------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 2,036,200
------------------------ --------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ --------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 5.1%
------------------------ --------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
------------------------ --------------------------------------------------------------------------------------------
Page 6 of 16
---------------------------------------------------- -----------------------------------------------
CUSIP No. 880349105 13D Page 7 of 16 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, OO
------------------------ -------------------------------------------------------------------------------------------
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: 204,000
SHARES
---------------- -----------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 204,000
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
------------------------ -------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 204,000
------------------------ -------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ -------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.5%
------------------------ -------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
------------------------ -------------------------------------------------------------------------------------------
Page 7 of 16
---------------------------------------------------- -----------------------------------------------
CUSIP No. 880349105 13D Page 8 of 16 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, OO
------------------------ ----------------------------------------------------------------------------------------------
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: 204,000
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 204,000
------------------------ ----------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 204,000
------------------------ ----------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ ----------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.5%
------------------------ ----------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
------------------------ ----------------------------------------------------------------------------------------------
Page 8 of 16
---------------------------------------------------- -----------------------------------------------
CUSIP No. 880349105 13D Page 9 of 16 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, OO
------------------------ -------------------------------------------------------------------------------------------
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: 500,000
SHARES
---------------- -----------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 2,865,900
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 500,000
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,865,900
------------------------ -------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 3,365,900
------------------------ -------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ -------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.4%
------------------------ -------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------------ -------------------------------------------------------------------------------------------
Page 9 of 16
---------------------------------------------------- -----------------------------------------------
CUSIP No. 880349105 13D Page 10 of 16 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, OO
------------------------ -------------------------------------------------------------------------------------------
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: 0
SHARES
---------------- -----------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 2,865,900
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,865,900
------------------------ -------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 2,865,900
------------------------ -------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ -------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 7.2%
------------------------ -------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------------ -------------------------------------------------------------------------------------------
Page 10 of 16
This Amendment No. 1 ("Amendment No. 1") amends and
supplements the statement on Schedule 13D dated August 10, 2000 (the
"Statement"), relating to the common stock, par value $0.01 per share (the
"Shares"), of Tenneco Automotive Inc., a Delaware corporation (the "Company"),
filed 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"; the foregoing
persons being referred to collectively as the "Reporting Persons"). Unless
otherwise defined herein, the information set forth in the Statement remains
unchanged. Unless otherwise defined herein, all capitalized terms used herein
shall have the meanings previously ascribed to them in the previous filing of
the Statement.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of the date of this Amendment No. 1, the Reporting
Persons beneficially owned in the aggregate 3,365,900 Shares constituting 8.4%
of the outstanding Shares (the percentage of Shares owned being based upon
40,046,746 Shares outstanding on April 30, 2002, as set forth in the Company's
Quarterly Report on Form 10-Q for the quarter ended March 31, 2002). 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 400,000 1.0%
Greentree 225,700 0.6%
Greenbelt 2,036,200 5.1%
Greensea 204,000 0.5%
Kingsley 500,000 1.2%
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 (the "Exchange Act")) Shares of which 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 Exchange
Act) Shares of 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 Exchange Act) Shares of 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.
Greenbelt has direct beneficial ownership of the Shares in the
accounts that it manages. Each of Kingsley and Duberstein, as executive officers
and directors of Greenbelt, may be deemed to beneficially own Shares that
Page 11 of 16
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
400,000 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
225,700 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
204,000 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
2,036,200 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
500,000 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 3 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.
Page 12 of 16
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
The following Exhibit is filed herewith:
3. 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]
Page 13 of 16
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: July 2, 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
Page 14 of 16
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
----------- -----------
3. Information concerning transactions in the Shares
effected by the Reporting Persons in the last sixty
days.
Page 15 of 16