U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Behrens Christopher C.
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(Last) (First) (Middle)
J.P. Morgan Partners, LLC
1221 Avenue of the Americas-40th Floor
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(Street)
New York New York 10020
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Patina Oil & Gas Corporation ("POG")
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
December 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 12/15/00 A (FN 1) 122 A $20.625 1,866,513 I By J.P. Morgan
Partners (SBIC)
LLC (FNs 2,3)
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</TABLE>
* 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.
(Print or Type Responses)
(Over)
(Form 4-07/99)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Non-Qualified Immed Common
Stock Option $2.9375 N/A N/A N/A (FN 3) 2/18/04 Stock 5,000 N/A 5,000 D(FN 3)
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10,000 I (FN 2)
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Non-Qualified Immed Common
Stock Option $5.1250 N/A N/A N/A (FN 3) 5/29/04 Stock 5,000 N/A 10,000 D(FN 3)
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10,000 I (FN 2)
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Non-Qualified Immed Common
Stock Option $17.4375 N/A N/A N/A (FN 3) 5/25/05 Stock 5,000 N/A 10,000 D(FN 3)
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</TABLE>
Explanation of Responses:
(1) Director's fee quarterly grant issued to the reporting person. The
reporting person, a managing director of J.P. Morgan Partners (SBIC), LLC
(formerly known as Chase Venture Capital Associates, LLC), is obligated to
transfer all shares awarded as director's compensation to J.P. Morgan
Partners (SBIC), LLC ("JPM SBIC"). As a result of internal reorganizations
and name changes effective the first week of January 2001, JPM SBIC became
a subsidiary of a limited partnership managed by JPMP Master Fund Manager
L.P. (formerly known as Chase Capital Partners ("CCP"). The reporting
person became a limited partner of CCP upon its conversion to the limited
partnership form of organization.
2) The amounts shown in Tables I and II represent the beneficial ownership
of the Issuer's equity securities by JPM SBIC, a portion of which may be
attributable to the reporting person because the reporting person is a limited
partner of JPMP Master Fund Manager, the general partner of the sole shareholder
of JPM SBIC. The actual pro rata portion of such beneficial ownership that may
be deemed to be attributable to the reporting person is not readily determinable
because it is subject to several variables, including the internal rate of
return and vesting within the sole shareholder of JPM SBIC and within JPMP
Master Fund Manager, L.P. The reporting person disclaims beneficial ownership to
the extent it exceeds his pecuniary interest.
(3) Stock option grant for non-employee directors issued pursuant to the
1996 Patina Non-Employee Stock Option Plan. Exercisable as follows: 30% on first
anniversary date of transaction, 30% on second anniversary date of transaction,
and 40% on third anniversary. The reporting person is obligated to exercise each
of the options upon the request of JPM SBIC and to transfer all shares received
upon such exercise and any shares awarded as director's compensation to JPM
SBIC.
/s/ Christopher C. Behrens 01/10/01
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Christopher C. Behrens Date
** 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.
