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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 16)
------------------------------
HERCULES INCORPORATED
(Name of Issuer)
COMMON STOCK, $25/48 STATED VALUE PER SHARE 427056106
(Title of class of securities) (CUSIP number)
RICHARD A. WEINBERG, ESQ.
1361 ALPS ROAD
WAYNE, NEW JERSEY 07470
(973) 628-4000
(Name, address and telephone number of person authorized
to receive notices and communications)
JULY 25, 2003
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-(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 ss. 240.13d-7 for other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934 (the "Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act. (However, see the
Notes.)
(Continued on following pages)
(Page 1 of 16 Pages)
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CUSIP No. 427056106 13D Page 2 of 16 Pages
-------------------------- --------------------------
------------- ------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON ISP INVESTCO LLC
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: 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
------------- ------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 9,893,700
NUMBER OF
SHARES ------------------- ------------------------------------------------------------------------------
8 SHARED VOTING POWER: 0
BENEFICIALLY
OWNED BY ------------------- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 9,893,700
EACH
REPORTING ------------------- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 0
PERSON WITH
------------- ------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 9,893,700
------------- ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: |_|
------------- ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.93%
------------- ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
------------- ------------------------------------------------------------------------------------------------------
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CUSIP No. 427056106 13D Page 3 of 16 Pages
-------------------------- --------------------------
------------- ------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON INTERNATIONAL SPECIALTY HOLDINGS INC.
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: 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
------------- ------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES ------------------- ------------------------------------------------------------------------------
8 SHARED VOTING POWER: 9,893,700
BENEFICIALLY (See Item 5)
OWNED BY ------------------- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 0
EACH
REPORTING ------------------- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 9,893,700
PERSON WITH (See Item 5)
------------- ------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 9,893,700
(See Item 5)
------------- ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: |_|
------------- ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.93%
------------- ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
------------- ------------------------------------------------------------------------------------------------------
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CUSIP No. 427056106 13D Page 4 of 16 Pages
-------------------------- --------------------------
------------- ------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON INTERNATIONAL SPECIALTY PRODUCTS INC.
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: 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
------------- ------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES ------------------- ------------------------------------------------------------------------------
8 SHARED VOTING POWER: 9,893,700
BENEFICIALLY (See Item 5)
OWNED BY ------------------- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 0
EACH
REPORTING ------------------- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 9,893,700
PERSON WITH (See Item 5)
------------- ------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 9,893,700
(See Item 5)
------------- ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: |_|
------------- ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.93%
------------- ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
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CUSIP No. 427056106 13D Page 5 of 16 Pages
-------------------------- --------------------------
------------- ------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON SAMUEL J. HEYMAN
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: 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: USA
------------- ------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 11,948*
NUMBER OF
SHARES ------------------- ------------------------------------------------------------------------------
8 SHARED VOTING POWER: 9,893,700
BENEFICIALLY (See Item 5)
OWNED BY ------------------- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 11,948*
EACH
REPORTING ------------------- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 9,893,700
PERSON WITH (See Item 5)
------------- ------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 9,905,648*
(See Item 5)
------------- ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: |_|
------------- ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.95%
------------- ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------- ------------------------------------------------------------------------------------------------------
* Includes 3,000 options granted pursuant to the Non-employee Directors Stock
Accumulation Plan which are exercisable between 11/5/02 and 11/5/11 at an
exercise price of $8.52.
-------------------------- --------------------------
CUSIP No. 427056106 13D Page 6 of 16 Pages
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------------- ------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON SUNIL KUMAR
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: 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: USA
------------- ------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 25,987*
NUMBER OF
SHARES ------------------- ------------------------------------------------------------------------------
8 SHARED VOTING POWER: 0
BENEFICIALLY
OWNED BY ------------------- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 25,987*
EACH
REPORTING ------------------- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 0
PERSON WITH
------------- ------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 25,987*
------------- ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: |_|
------------- ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.02%
------------- ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
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* Includes 3,000 options granted pursuant to the Non-employee Directors Stock
Accumulation Plan which are exercisable between 11/5/02 and 11/5/11 at an
exercise price of $8.52.
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CUSIP No. 427056106 13D Page 7 of 16 Pages
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1 NAME OF REPORTING PERSON GLORIA SCHAFFER
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: 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: USA
------------- ------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 7,828*
NUMBER OF
SHARES ------------------- ------------------------------------------------------------------------------
8 SHARED VOTING POWER: 0
BENEFICIALLY
OWNED BY ------------------- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 7,828*
EACH
REPORTING ------------------- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 0
PERSON WITH
------------- ------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 7,828*
------------- ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: |_|
------------- ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.01%
------------- ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------- ------------------------------------------------------------------------------------------------------
* Includes 3,000 options granted pursuant to the Non-employee Directors Stock
Accumulation Plan which are exercisable between 11/5/02 and 11/5/11 at an
exercise price of $8.52.
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CUSIP No. 427056106 13D Page 8 of 16 Pages
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1 NAME OF REPORTING PERSON RAYMOND S. TROUBH
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |X|
(b) |_|
------------- ------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------- ------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: 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: USA
------------- ------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 19,948*
NUMBER OF
SHARES ------------------- ------------------------------------------------------------------------------
8 SHARED VOTING POWER: 0
BENEFICIALLY
OWNED BY ------------------- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 19,948*
EACH
REPORTING ------------------- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 0
PERSON WITH
------------- ------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 19,948*
------------- ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: |_|
------------- ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.02%
------------- ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------- ------------------------------------------------------------------------------------------------------
* Includes 3,000 options granted pursuant to the Non-employee Directors Stock
Accumulation Plan which are exercisable between 11/5/02 and 11/5/11 at an
exercise price of $8.52.
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CUSIP No. 427056106 13D Page 9 of 16 Pages
-------------------------- --------------------------
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1 NAME OF REPORTING PERSON HARRY FIELDS
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: 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: USA
------------- ------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 1,000
NUMBER OF
SHARES ------------------- ------------------------------------------------------------------------------
8 SHARED VOTING POWER: 0
BENEFICIALLY
OWNED BY ------------------- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 1,000
EACH
REPORTING ------------------- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 0
PERSON WITH
------------- ------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,000
------------- ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: |_|
------------- ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.001%
------------- ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------- ------------------------------------------------------------------------------------------------------
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CUSIP No. 427056106 13D Page 10 of 16 Pages
-------------------------- --------------------------
------------- ------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON ANTHONY KRONMAN
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: 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: USA
------------- ------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 1,000
NUMBER OF
SHARES ------------------- ------------------------------------------------------------------------------
8 SHARED VOTING POWER: 0
BENEFICIALLY
OWNED BY ------------------- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 1,000
EACH
REPORTING ------------------- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 0
PERSON WITH
------------- ------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,000
------------- ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: |_|
------------- ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.001%
------------- ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------- ------------------------------------------------------------------------------------------------------
-------------------------- --------------------------
CUSIP No. 427056106 13D Page 11 of 16 Pages
-------------------------- --------------------------
------------- ------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON VINCENT TESE
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: 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: USA
------------- ------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 1,000
NUMBER OF
SHARES ------------------- ------------------------------------------------------------------------------
8 SHARED VOTING POWER: 0
BENEFICIALLY
OWNED BY ------------------- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 1,000
EACH
REPORTING ------------------- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 0
PERSON WITH
------------- ------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,000
------------- ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: |_|
------------- ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.001%
------------- ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------- ------------------------------------------------------------------------------------------------------
-------------------------- --------------------------
CUSIP No. 427056106 13D Page 12 of 16 Pages
-------------------------- --------------------------
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1 NAME OF REPORTING PERSON GERALD TSAI, JR.
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: 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: USA
------------- ------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 10,000
NUMBER OF
SHARES ------------------- ------------------------------------------------------------------------------
8 SHARED VOTING POWER: 0
BENEFICIALLY
OWNED BY ------------------- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 10,000
EACH
REPORTING ------------------- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 0
PERSON WITH
------------- ------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 10,000
------------- ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: |_|
------------- ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.01%
------------- ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------- ------------------------------------------------------------------------------------------------------
This Amendment No. 16 ("Amendment No. 16") is being filed by and
on behalf of Samuel J. Heyman ("Mr. Heyman"), Raymond S. Troubh ("Mr. Troubh"),
Sunil Kumar ("Mr. Kumar"), Gloria Schaffer ("Ms. Schaffer" and, collectively
with Mr. Heyman, Mr. Kumar and Mr. Troubh, the "Minority Directors"), Harry
Fields ("Mr. Fields"), Anthony T. Kronman ("Mr. Kronman"), Vincent Tese ("Mr.
Tese") and Gerald Tsai, Jr. ("Mr. Tsai" and, collectively with Mr. Fields, Mr.
Kronman and Mr. Tese, the "Committee Nominees"), ISP Investco LLC, a Delaware
limited liability company ("Investco"), International Specialty Holdings Inc., a
Delaware corporation ("Holdings"), and International Specialty Products Inc., a
Delaware corporation ("ISP" and, collectively with the Minority Directors, the
Committee Nominees, Investco and Holdings, the "Reporting Persons"), and it
amends the statement of beneficial ownership on Schedule 13D ("Schedule 13D")
filed on July 24, 2000, as amended by Amendment No. 1 filed on October 11, 2000,
Amendment No. 2 filed on January 23, 2001, Amendment No. 3 filed on February 7,
2001, Amendment No. 4 filed on February 20, 2001, Amendment No. 5 filed on
February 28, 2001, Amendment No. 6 filed on March 7, 2001, Amendment No. 7 filed
on March 9, 2001, Amendment No. 8 filed on March 12, 2001, Amendment No. 9 filed
on April 4, 2001, Amendment No. 10 filed on April 11, 2001, Amendment No. 11
filed on April 13, 2001, Amendment No. 12 filed on August 2, 2001, Amendment No.
13 filed on February 12, 2003, Amendment No. 14 filed on March 20, 2003 and
Amendment No. 15 filed on July 15, 2003, with respect to the ownership of common
stock, stated value $25/48 per share ("Common Stock"), of Hercules Incorporated
("Hercules" or the "Company"). As provided in the Joint Filing Agreement
previously filed as an exhibit, the Reporting Persons have agreed pursuant to
Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, to file one
Statement on Schedule 13D with respect to their ownership of Common Stock.
Capitalized terms used herein and not defined herein have the meanings ascribed
thereto in the Schedule 13D, as previously amended.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 is hereby amended and supplemented as follows:
On July 25, 2003, Mr. Heyman, on behalf of The Hercules Shareholders'
Committee for New Management (the "Committee"), announced that the Committee had
withdrawn its nominees for election to the Hercules Board of Directors and was
terminating its solicitation of proxies. Mr. Heyman announced at the same time
that Mr. Heyman, Ms. Schaffer, Mr. Troubh and Mr. Kumar, were resigning from the
Hercules Board of Directors, effective immediately.
In light of the foregoing, ISP will not proceed with its previously
announced plan to commence a tender offer to purchase five million shares of
Common Stock at $12 per share and purchase five million additional shares of
Common Stock in the open market thereafter, which plan had been conditioned upon
all four of the Committee's nominees being elected.
Page 13 of 16 Pages
While ISP has not made a determination at this time with respect to its
continued beneficial ownership of shares of Common Stock, it intends to review
its investment and may dispose of some or all of the shares of Common Stock
beneficially owned by it either in the open market, privately-negotiated
transactions, or otherwise. The timing of any such dispositions, if made, and
the manner in which any such dispositions would be effected will depend on a
variety of factors, including, without limitation, market conditions, the
trading prices of the Common Stock, the availability of alternative investment
opportunities, and such other factors as ISP may consider.
As a result of (i) the Committee's withdrawal of its nominees, and (ii)
the resignations from the Hercules Board, the Committee has disbanded, and the
Committee Nominees, Mr. Troubh, Mr. Kumar and Ms. Schaffer are no longer
Reporting Persons, and this constitutes the final amendment of this Schedule 13D
with respect to such persons.
Page 14 of 16 Pages
SIGNATURES
After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this Statement
is true, complete and correct.
Dated: July 28, 2003
ISP INVESTCO LLC
By: International Specialty Holdings Inc.,
its Sole Member
By: /s/ RICHARD A. WEINBERG
---------------------------------------------
Richard A. Weinberg
Executive Vice President, General Counsel
and Secretary
INTERNATIONAL SPECIALTY HOLDINGS INC.
By: /s/ RICHARD A. WEINBERG
--------------------------------------------
Richard A. Weinberg
Executive Vice President, General Counsel
and Secretary
INTERNATIONAL SPECIALTY PRODUCTS INC.
By: /s/ RICHARD A. WEINBERG
---------------------------------------------
Richard A. Weinberg
Executive Vice President, General Counsel
and Secretary
/s/ SAMUEL J. HEYMAN
---------------------------------------------
SAMUEL J. HEYMAN
Page 15 of 16 Pages
/s/ SUNIL KUMAR
---------------------------------------------
SUNIL KUMAR
/s/ GLORIA SCHAFFER
---------------------------------------------
GLORIA SCHAFFER
/s/ RAYMOND S. TROUBH
---------------------------------------------
RAYMOND S. TROUBH
/s/ HARRY FIELDS
---------------------------------------------
HARRY FIELDS
/s/ ANTHONY T. KRONMAN
---------------------------------------------
ANTHONY T. KRONMAN
/s/ VINCENT TESE
---------------------------------------------
VINCENT TESE
/s/ GERALD TSAI, JR.
---------------------------------------------
GERALD TSAI, JR.
Page 16 of 16 Pages