4 1 form_4.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 OMB APPROVAL OMB Number 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response.........0.5 [_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). ________________________________________________________________________________ 1. Name and Address of Reporting Person* KKR Associates, L.P. -------------------------------------------------------------------------------- (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/Day/Year September 25, 2002 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Day/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person to Issuer (Check all applicable) [_] Director [X] 10% Owner (See Note 1) [_] 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 ================================================================================

5. Amount of 6. 4. 5.Securities Owner- Securities Acquired (A) or ~~Amount~~Beneficially of ship 3. Disposed of (D) ~~Securities~~Owned Form: 7. 2A. Transaction (Instr. 3, 4 and 5) ~~Beneficially~~Following Direct Nature of 2. Deemed Code ----------------------------~~---~~ ~~Owned~~Reported ~~at End~~ (D) or Indirect 1. Transaction Execution Date, (Instr. 8) (A) ofTransaction(s) ~~Month~~ Indirect Beneficial Title of Security Date if any ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $.01 per share 7/9/0125/2002 S 2,~~400~~000 D 31.~~0188~~2996 2,183,618 I (See Note 1) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $.01 per share 79/1026/012002 S ~~500~~6,300 D 31.~~0000~~8494 2,177,318 I (See Note 1) ------------------------------------------------------------------------------------------------------------------------------------ ~~Common Stock, par value $.01 per share 7/11/01 S 22,000 D 30.0060 I (1)~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~Common Stock, par value $.01 per share 7/12/01 S 2,400 D 30.0000 2,185,618 I (1)~~ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). Persons who respond to the collection of information (Over) in this form are not required to respond unless the form displays a currently valid OMB control number. Page 1 of 14 FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================

109. 9Number 10. of Owner- ~~Number~~Deriva- ship ofative Form 2. ~~Deriv~~Secur- of Conver- 5. 7. ~~ative~~ities Deriv- 11. sion 3A. Number of Title and Amount ~~Secur~~Bene- ative Nature or Deemed Derivative 6. of Underlying 8. ~~ities~~ficially Secur- of Exer- Execu- 4. Securities Date Securities Price ~~Bene-~~Owned ~~ity~~ities: In- cise 3. tion Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ~~ficially~~Follow- Direct direct Price Trans- Date, action or Disposed Expiration Date ---------------- Deriv- ~~Owned~~ing (D) or Bene- 1. of action if Code of (D) (Month/Day/Year) Amount ative atReported ~~End~~ In- ficial Title of Deriv- Date any (Instr. (Instr. 3, ---------------- or Secur- ofTrans- direct Owner- Derivative ative (Month/ (Month/ 8) 4 and 5) Date Expira- Number ity ~~Month~~action(s) (I) ship Security Secur- Day/ Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================

Explanation of Responses: Note 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. As of September 26, 2002, Borden Holdings, Inc. beneficially owns 2,177,318 shares of Common Stock of AEP Industries Inc. Borden Holdings, Inc. acquired its shares of Common Stock of AEP Industries, Inc. from Borden, Inc. in a transaction exempt from Section 16 pursuant to Rule 16a-13. The general partners of KKR Associates, L.P. are Henry R. Kravis, George R. Roberts, Paul E. Raether, Michael W. Michelson, James H. Greene, Jr., Robert I. MacDonnell, Michael T. Tokarz, Scott M. Stuart, Edward A. Gilhuly and Perry Golkin. 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 Holdings, Inc. Beneficial ownership of all shares of the reported securities is disclaimed by each of the Reporting Persons listed above. /s/ William J. Janetschek 9/27/02 --------------------------------------------- ----------------------- By: William J. Janetschek Date Attorney-in-Fact ** 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. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. Page 2 of 14 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, L.P. Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Day/Year: September 25, 2002 Signature: WHITEHALL ASSOCIATES, L.P. By: KKR Associates, its General Partner By: /s/ William J. Janetschek ------------------------------- Name: William J. Janetschek Title: Attorney-in-Fact Date: 9/27/02 Page 3 of 14 Joint Filer Information Name: BW Holdings LLC Address: 2711 Centerville Road Wilmington, DE 19808 Designated Filer: KKR Associates, L.P. Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Day/Year: September 25, 2002 Signature: By Whitehall Associates, L.P., its Managing Member By: /s/ William J. Janetschek ------------------------------- Name: William J. Janetschek Title: Attorney-in-Fact Date: 9/27/02 Page 4 of 14 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, L.P. Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Day/Year: September 25, 2002 Signature: By: /s/ William J. Janetschek ------------------------------- Name: William J. Janetschek Title: Attorney-in-Fact Date: 9/27/02 Page 5 of 14 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, L.P. Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Day/Year: September 25, 2002 Signature: By: /s/ William J. Janetschek ------------------------------- Name: William J. Janetschek Title: Attorney-in-Fact Date: 9/27/02 Page 6 of 14 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, L.P. Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Day/Year: September 25, 2002 Signature: By: /s/ William J. Janetschek ------------------------------- Name: William J. Janetschek Title: Attorney-in-Fact Date: 9/27/02 Page 7 of 14 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, L.P. Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Day/Year: September 25, 2002 Signature: By: /s/ William J. Janetschek ------------------------------- Name: William J. Janetschek Title: Attorney-in-Fact Date: 9/27/02 Page 8 of 14 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, L.P. Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Day/Year: September 25, 2002 Signature: By: /s/ William J. Janetschek ------------------------------- Name: William J. Janetschek Title: Attorney-in-Fact Date: 9/27/02 Page 9 of 14 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, L.P. Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Day/Year: September 25, 2002 Signature: By: /s/ William J. Janetschek ------------------------------- Name: William J. Janetschek Title: Attorney-in-Fact Date: 9/27/02 Page 10 of 14 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, L.P. Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Day/Year: September 25, 2002 Signature: By: /s/ William J. Janetschek ------------------------------- Name: William J. Janetschek Title: Attorney-in-Fact Date: 9/27/02 Page 11 of 14 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, L.P. Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Day/Year: September 25, 2002 Signature: By: /s/ William J. Janetschek ------------------------------- Name: William J. Janetschek Title: Attorney-in-Fact Date: 9/27/02 Page 12 of 14 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, L.P. Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Day/Year: September 25, 2002 Signature: By: /s/ William J. Janetschek ------------------------------- Name: William J. Janetschek Title: Attorney-in-Fact Date: 9/27/02 Page 13 of 14 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, L.P. Issuer and Ticker Symbol: AEP Industries Inc. (AEPI) Statement for Month/Day/Year: September 25, 2002 Signature: By: /s/ William J. Janetschek ------------------------------- Name: William J. Janetschek Title: Attorney-in-Fact Date: 9/27/02 Page 14 of 14

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