4 1 form4.txt FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 [_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). OMB APPROVAL OMB Number 3235-0287 Expires: December 31, 2001 Estimated average burden Hours response.............0.5 (Print or Type Responses) 1. Name and Address of Reporting Person* KKR Associates -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o Kohlberg Kravis Roberts & Co. 9 West 57th Street, Suite 4200 -------------------------------------------------------------------------------- (Street) New York NY 10019 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol AEP Industries Inc. (AEPI) ________________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) ________________________________________________________________________________ 4. Statement for Month/Year July 2001 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person to Issuer (Check all applicable) [_] Director [X] 10% Owner [_] Officer (give title below) [_] Other (specify below) ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check applicable line) [_] Form filed by one Reporting Person [X] Form filed by more than one Reporting Person ________________________________________________________________________________ ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================

* If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Page 2 of 17 FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================

Explanation of Responses: (1) The designated Reporting Person is the general partner of Whitehall Associates, L.P., which is the managing member of BW Holdings LLC, which in turn owns 100% of Borden Holdings, Inc., which in turn owns 100% of Borden, Inc. As of July 31, 2001, Borden, Inc. beneficially owns 2,185,618 shares of Common Stock of AEP Industries Inc. The general partners of KKR Associates are Henry R. Kravis, George R. Roberts, Robert I. MacDonnell, Paul E. Raether, Michael W. Michelson, James H. Greene, Jr., Michael T. Tokarz, Scott M. Stuart, Edward A. Gilhuly, Perry Golkin, Johannes Huth, Todd Fisher, Alexander Nevab and Neil Richardson. Each of the Reporting Persons listed above may be deemed, for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, to be the beneficial owner of the reported securities held by Borden, Inc. Beneficial ownership of all shares of the reported securities is disclaimed by each of the Reporting Persons listed above. /s/ William J. Janetschek 8/1/01 --------------------------------------------- ----------------------- **Signature of Reporting Person Date By: William J. Janetschek Attorney-in-Fact for Scott M. Stuart For: KKR Associates ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Page 3 of 17 Joint Filer Information Name: Whitehall Associates, L.P. Address: c/o Kohlberg Kravis Roberts & Co. 9 West 57th St., Suite 4200 New York, NY 10019 Designated Filer: KKR Associates Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Year: July, 2001 Signature: WHITEHALL ASSOCIATES, L.P. By: KKR Associates, its General Partner By: /s/ William J. Janetschek -------------------------------------------- Name: William J. Janetschek, Title: Attorney-in-Fact for Scott M. Stuart Page 4 of 17 Joint Filer Information Name: Henry R. Kravis Address: c/o Kohlberg Kravis Roberts & Co. 9 West 57th St., Suite 4200 New York, NY 10019 Designated Filer: KKR Associates Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Year: July, 2001 Signature: /s/ Henry R. Kravis ------------------------------------------ HENRY R. KRAVIS By: William J. Janetschek, Attorney-in-Fact for Henry R. Kravis Page 5 of 17 Joint Filer Information Name: George R. Roberts Address: c/o Kohlberg Kravis Roberts & Co. 9 West 57th St., Suite 4200 New York, NY 10019 Designated Filer: KKR Associates Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Year: July, 2001 Signature: /s/ George R. Roberts ------------------------------------------- GEORGE R. ROBERTS By: William J. Janetschek, Attorney-in-Fact for George R. Roberts Page 6 of 17 Joint Filer Information Name: Paul E. Raether Address: c/o Kohlberg Kravis Roberts & Co. 9 West 57th St., Suite 4200 New York, NY 10019 Designated Filer: KKR Associates Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Year: July, 2001 Signature: /s/ Paul E. Raether ----------------------------------------- PAUL E. RAETHER By: William J. Janetschek, Attorney-in-Fact for Paul E. Raether Page 7 of 17 Joint Filer Information Name: Michael W. Michelson Address: c/o Kohlberg Kravis Roberts & Co. 9 West 57th St., Suite 4200 New York, NY 10019 Designated Filer: KKR Associates Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Year: July, 2001 Signature: /s/ Michael W. Michelson ---------------------------------------------- MICHAEL W. MICHELSON By: William J. Janetschek, Attorney-in-Fact for Michael W. Michelson Page 8 of 17 Joint Filer Information Name: Michael T. Tokarz Address: c/o Kohlberg Kravis Roberts & Co. 9 West 57th St., Suite 4200 New York, NY 10019 Designated Filer: KKR Associates Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Year: July, 2001 Signature: /s/ Michael T. Tokarz ------------------------------------------- MICHAEL T. TOKARZ By: William J. Janetschek, Attorney-in-Fact for Michael T. Tokarz Page 9 of 17 Joint Filer Information Name: Edward A. Gilhuly Address: c/o Kohlberg Kravis Roberts & Co. 9 West 57th St., Suite 4200 New York, NY 10019 Designated Filer: KKR Associates Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Year: July, 2001 Signature: /s/ Edward A. Gilhuly ----------------------------------------------- EDWARD A. GILHULY By: William J. Janetschek, Attorney-in-Fact for Edward A. Gilhuly Page 10 of 17 Joint Filer Information Name: Perry Golkin Address: c/o Kohlberg Kravis Roberts & Co. 9 West 57th St., Suite 4200 New York, NY 10019 Designated Filer: KKR Associates Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Year: July, 2001 Signature: /s/ Perry Golkin --------------------------------------- PERRY GOLKIN By: William J. Janetschek, Attorney-in-Fact for Perry Golkin Page 11 of 17 Joint Filer Information Name: Scott M. Stuart Address: c/o Kohlberg Kravis Roberts & Co. 9 West 57th St., Suite 4200 New York, NY 10019 Designated Filer: KKR Associates Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Year: July, 2001 Signature: /s/ Scott M. Stuart ------------------------------------------ SCOTT M. STUART By: William J. Janetschek, Attorney-in-Fact for Scott M. Stuart Page 12 of 17 Joint Filer Information Name: Robert I. MacDonnell Address: c/o Kohlberg Kravis Roberts & Co. 9 West 57th St., Suite 4200 New York, NY 10019 Designated Filer: KKR Associates Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Year: July, 2001 Signature: /s/ Robert I. MacDonnell ----------------------------------------------- ROBERT I. MACDONNELL By: William J. Janetschek, Attorney-in-Fact for Robert I. MacDonnell Page 13 of 17 Joint Filer Information Name: James H. Greene, Jr. Address: c/o Kohlberg Kravis Roberts & Co. 9 West 57th St., Suite 4200 New York, NY 10019 Designated Filer: KKR Associates Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Year: July, 2001 Signature: /s/ James H. Greene, Jr. ---------------------------------------------- JAMES H. GREENE, JR. By: William J. Janetschek, Attorney-in-Fact for James H. Greene, Jr. Page 14 of 17 Joint Filer Information Name: Johannes Huth Address: c/o Kohlberg Kravis Roberts & Co. 9 West 57th St., Suite 4200 New York, NY 10019 Designated Filer: KKR Associates Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Year: July, 2001 Signature: /s/ Johannes Huth ---------------------------------------- JOHANNES HUTH By: William J. Janetschek, Attorney-in-Fact for Johannes Huth Page 15 of 17 Joint Filer Information Name: Todd Fisher Address: c/o Kohlberg Kravis Roberts & Co. 9 West 57th St., Suite 4200 New York, NY 10019 Designated Filer: KKR Associates Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Year: July, 2001 Signature: /s/ Todd Fisher -------------------------------------- TODD FISHER By: William J. Janetschek, Attorney-in-Fact for Todd Fisher Page 16 of 17 Joint Filer Information Name: Alexander Navab Address: c/o Kohlberg Kravis Roberts & Co. 9 West 57th St., Suite 4200 New York, NY 10019 Designated Filer: KKR Associates Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Year: July, 2001 Signature: /s/ Alexander Navab ------------------------------------------ ALEXANDER NAVAB By: William J. Janetschek, Attorney-in-Fact for Alexander Navab Page 17 of 17 Joint Filer Information Name: Neil Richardson Address: c/o Kohlberg Kravis Roberts & Co. 9 West 57th St., Suite 4200 New York, NY 10019 Designated Filer: KKR Associates Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Year: July, 2001 Signature: /s/ Neil Richardson ----------------------------------------- NEIL RICHARDSON By: William J. Janetschek, Attorney-in-Fact for Neil Richardson

KKR ASSOCIATES 4