SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS
AND SIMILAR PLANS PURSUANT TO SECTION 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One)
[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [FEE REQUIRED]
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1995
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from to
COMMISSION FILE NUMBER: 1-11675
Full title of the plan and the address of the plan, if different from that of
the issuer named below:
TRITON ENERGY CORPORATION
401(K) SAVINGS PLAN
Name of issuer of the securities held pursuant to the plan and the address of
its principal executive office:
TRITON ENERGY LIMITED
CALEDONIAN HOUSE
MARY STREET
P.O. BOX 1043
GEORGE TOWN, GRAND CAYMAN
CAYMAN ISLANDS
<PAGE>
Required Information
(a) Financial Statements.
See "Index to Financial Statements" on page F-1.
(b) Exhibit.
The following document is an exhibit to this Form 11-K:
Exhibit
Number Document
23.1 - Consent of Price Waterhouse LLP, filed herewith.
<PAGE>
TRITON ENERGY CORPORATION 401(k) SAVINGS PLAN
INDEX TO FINANCIAL STATEMENTS
AND SUPPLEMENTAL SCHEDULES
<TABLE>
<CAPTION>
<S> <C>
Page
----
Financial statements:
Report of Independent Accountants F-2
Statements of Net Assets Available for Benefits at
December 31, 1995 F-3
Statements of Net Assets Available for Benefits at
December 31, 1994 F-4
Statement of Changes in Net Assets Available for
Benefits for the Year Ended December 31, 1995 F-5
Notes to Financial Statements F-6
Supplemental schedules:
Schedule I - Investments at December 31, 1995 F-10
Schedule II - Transactions in Excess of 5% of the
Fair Market Value of the Plan Assets for
the Year Ended December 31, 1995 F-11
</TABLE>
<PAGE>
REPORT OF INDEPENDENT ACCOUNTANTS
To the Participants and Administrator
of the Triton Energy Corporation 401(k) Savings Plan
In our opinion, the accompanying statements of net assets available for
benefits, with fund information, and the related statement of changes in net
assets available for benefits, with fund information, present fairly, in all
material respects, the net assets available for benefits of the Triton Energy
Corporation 401(k) Savings Plan at December 31, 1995 and 1994, and the changes
in net assets available for benefits for the year ended December 31, 1995, in
conformity with generally accepted accounting principles. These financial
statements are the responsibility of the plan's management; our responsibility
is to express an opinion on these financial statements based on our audits.
We conducted our audits of these statements in accordance with generally
accepted auditing standards which require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements,
assessing the accounting principles used and significant estimates made by
management, and evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for the opinion expressed
above.
Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The additional information included in
schedules I and II is presented for purposes of additional analysis and is not
a required part of the basic financial statements but is additional
information required by ERISA. The Fund Information in the statements of net
assets available for benefits and the statement of changes in net assets
available for benefits is presented for purposes of additional analysis rather
than to present the net assets available for plan benefits and changes in net
assets available for benefits of each fund. Schedules I and II and the Fund
Information have been subjected to the auditing procedures applied in the
audits of the basic financial statements and, in our opinion, are fairly
stated in all material respects in relation to the basic financial statements
taken as a whole.
PRICE WATERHOUSE LLP
Dallas, Texas
June 20, 1996
TRITON ENERGY CORPORATION
401(K) SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS, WITH FUND INFORMATION
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
FUND INFORMATION
-----------------
DECEMBER 31, 1995
-----------------
LARGE LARGE
GOVERNMENT LONG TERM CAPITALIZATION CAPITALIZATION
MONEY BOND VALUE EQUITY GROWTH
FUND FUND FUND FUND
----------- ---------- ----------------- ---------------
Assets
Investments, at fair value
Triton Energy Corporation common stock $ --- $ --- $ --- $ ---
International equity investments fund --- --- --- ---
Large capitalization value equity fund --- --- 635,262 ---
Large capitalization growth fund --- --- --- 702,796
Government money fund 461,954 --- --- ---
Long term bond fund --- 189,760 --- ---
Participant loans --- --- --- ---
Cash and equivalents --- --- --- ---
----------- --------- ----------------- ---------------
Total investments 461,954 189,760 635,262 702,796
----------- ---------- ----------------- ---------------
Receivables
Employer's contributions 812 1,621 6,308 7,781
Participants' contributions 1,014 2,185 8,409 10,221
Other 262 449 1,120 449
----------- ---------- ----------------- ---------------
Total receivables 2,088 4,255 15,837 18,451
----------- ---------- ----------------- ---------------
Total assets 464,042 194,015 651,099 721,247
Liabilities
Accounts payable --- --- --- ---
----------- ---------- ----------------- ---------------
Net assets available for plan benefits $ 464,042 $ 194,015 $ 651,099 $ 721,247
----------- ---------- ----------------- ---------------
<S> <C> <C> <C> <C> <C>
FUND INFORMATION
---------------
INTERNATIONAL TRITON
EQUITY STOCK PARTICIPANT CASH AND
FUND FUND LOANS EQUIVALENTS TOTAL
-------------- ---------- ------------ ------------ -----------
Assets
Investments, at fair value
Triton Energy Corporation common stock $ --- $7,870,817 $ --- $ --- $ 7,870,817
International equity investments fund 490,273 --- --- --- 490,273
Large capitalization value equity fund --- --- --- --- 635,262
Large capitalization growth fund --- --- --- --- 702,796
Government money fund --- --- --- --- 461,954
Long term bond fund --- --- --- --- 189,760
Participant loans --- --- 298,468 --- 298,468
Cash and equivalents --- 1,288 --- 8,301 9,589
-------------- ---------- ------------ ------------ -----------
Total investments 490,273 7,872,105 298,468 8,301 10,658,919
-------------- ---------- ------------ ------------ -----------
Receivables
Employer's contributions 4,752 9,850 --- --- 31,124
Participants' contributions 6,641 14,151 --- --- 42,621
Other --- 2,291 --- 1,965 6,536
-------------- ---------- ------------ ------------ -----------
Total receivables 11,393 26,292 --- 1,965 80,281
-------------- ---------- ------------ ------------ -----------
Total assets 501,666 7,898,397 298,468 10,266 10,739,200
Liabilities
Accounts payable 132 --- --- 10,266 10,398
-------------- ---------- ------------ ------------ -----------
Net assets available for plan benefits $ 501,534 $7,898,397 $ 298,468 $ --- $10,728,802
-------------- ---------- ------------ ------------ -----------
</TABLE>
See accompanying notes to financial statements.
<PAGE>
TRITON ENERGY CORPORATION
401(K) SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS, WITH FUND INFORMATION
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
FUND INFORMATION
-----------------
DECEMBER 31, 1994
------------------
LARGE LARGE
GOVERNMENT LONG TERM CAPITALIZATION CAPITALIZATION INTERNATIONAL
MONEY BOND VALUE EQUITY GROWTH EQUITY
FUND FUND FUND FUND FUND
----------- ---------- ----------------- --------------- ------------------
Assets
Investments, at fair value
Triton Energy Corporation common stock $ --- $ --- $ --- $ --- $ ---
International equity investments fund --- --- --- --- 584,468
Large capitalization value equity fund --- --- 397,365 --- ---
Large capitalization growth fund --- --- --- 397,183 ---
Government money fund 306,966 --- --- --- ---
Long term bond fund --- 137,375 --- --- ---
Participant loans --- --- --- --- ---
Cash and equivalents --- --- --- --- ---
----------- ---------- ----------------- --------------- ------------------
Total investments 306,966 137,375 397,365 397,183 584,468
----------- ---------- ----------------- --------------- ------------------
Receivables
Employer's contributions --- 1,985 5,476 7,181 9,273
Participants' contributions --- 2,330 7,115 9,824 12,308
Other --- 90 716 660 1,739
----------- ---------- ----------------- --------------- ------------------
Total receivables --- 4,405 13,307 17,665 23,320
----------- ---------- ----------------- --------------- ------------------
Total assets 306,966 141,780 410,672 414,848 607,788
Liabilities
Accounts payable --- --- --- --- ---
----------- ---------- ----------------- --------------- ------------------
Net assets available for plan benefits $ 306,966 $ 141,780 $ 410,672 $ 414,848 $ 607,788
----------- ---------- ----------------- --------------- ------------------
<S> <C> <C> <C> <C>
FUND INFORMATION
-----------------
TRITON
STOCK PARTICIPANT CASH AND
FUND LOANS EQUIVALENTS TOTAL
---------- ------------ ------------ ----------
Assets
Investments, at fair value
Triton Energy Corporation common stock $4,278,220 $ --- $ --- $4,278,220
International equity investments fund --- --- --- 584,468
Large capitalization value equity fund --- --- --- 397,365
Large capitalization growth fund --- --- --- 397,183
Government money fund --- --- --- 306,966
Long term bond fund --- --- --- 137,375
Participant loans --- 219,779 --- 219,779
Cash and equivalents --- --- 3,125 3,125
---------- ------------ ------------ ----------
Total investments 4,278,220 219,779 3,125 6,324,481
---------- ------------ ------------ ----------
Receivables
Employer's contributions --- --- 7,128 31,043
Participants' contributions --- --- 9,312 40,889
Other 46 --- 1,200 4,451
---------- ------------ ------------ ---------- ----------
Total receivables 46 --- 17,640 76,383
---------- ------------ ------------ ----------
Total assets 4,278,266 219,779 20,765 6,400,864
Liabilities
Accounts payable --- --- 1,868 1,868
---------- ------------ ------------ ----------
Net assets available for plan benefits $4,278,266 $ 219,779 $ 18,897 $6,398,996
---------- ------------ ------------ ----------
</TABLE>
See accompanying notes to financial statements.
<PAGE>
TRITON ENERGY CORPORATION
401(K) SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS, WITH FUND
INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
FUND INFORMATION
------------------
LARGE LARGE
GOVERNMENT LONG TERM CAPITALIZATION CAPITALIZATION INTERNATIONAL
MONEY BOND VALUE EQUITY GROWTH EQUITY
FUND FUND FUND FUND FUND
------------ ----------- ------------------ ---------------- ---------------
Additions to net assets attributed to:
Net appreciation in fair value $ --- $ 17,828 $ 133,010 $ 120,480 $ 12,970
Dividends 19,573 9,604 21,508 30,700 21,891
Interest and other 145 184 386 557 234
------------ ----------- ------------------ ---------------- ---------------
19,718 27,616 154,904 151,737 35,095
Less investment expenses (31) (28) (86) (104) (104)
------------ ----------- ------------------ ---------------- ---------------
Total investment income 19,687 27,588 154,818 151,633 34,991
------------ ----------- ------------------ ---------------- ---------------
Contributions
Participants 138,750 44,200 102,176 138,854 144,293
Employer 19,529 27,652 74,961 99,823 111,225
------------ ----------- ------------------ ---------------- ---------------
Total contributions 158,279 71,852 177,137 238,677 255,518
------------ ----------- ------------------ ---------------- ---------------
Loans to participants --- --- --- --- ---
Loan payments 1,446 3,310 11,599 9,699 8,588
------------ ----------- ------------------ ---------------- ---------------
Total additions 179,412 102,750 343,554 400,009 299,097
------------ ----------- ------------------ ---------------- ---------------
Deductions from net assets attributed to:
Benefits paid 1,810 43,358 57,059 63,566 25,395
Loan distributions 4,596 7,400 26,030 20,237 5,389
Participant loan payments --- --- --- --- ---
Miscellaneous (313) --- --- (100) ---
------------ ----------- ------------------ ---------------- ---------------
Total deductions 6,093 50,758 83,089 83,703 30,784
------------ ----------- ------------------ ---------------- ---------------
Net increase prior to interfund transfers 173,319 51,992 260,465 316,306 268,313
Interfund transfers (16,243) 243 (20,038) (9,907) (374,567)
------------ ----------- ------------------ ---------------- ---------------
Net increase (decrease) 157,076 52,235 240,427 306,399 (106,254)
Net assets available for plan benefits:
Beginning of year 306,966 141,780 410,672 414,848 607,788
------------ ----------- ------------------ ---------------- ---------------
End of year $ 464,042 $ 194,015 $ 651,099 $ 721,247 $ 501,534
------------ ----------- ------------------ ---------------- ---------------
<S> <C> <C> <C> <C>
FUND INFORMATION
-----------------
TRITON
STOCK PARTICIPANT CASH AND
FUND LOANS EQUIVALENTS TOTAL
---------- ------------ ------------- ------------
Additions to net assets attributed to:
Net appreciation in fair value $3,204,687 $ --- $ --- $ 3,488,975
Dividends --- --- --- 103,276
Interest and other 166 18,411 1,428 21,511
---------- ------------ ------------- ------------
3,204,853 18,411 1,428 3,613,762
Less investment expenses --- --- (281) (634)
---------- ------------ ------------- ------------
Total investment income 3,204,853 18,411 1,147 3,613,128
---------- ------------ ------------- ------------
Contributions
Participants 220,596 --- --- 788,869
Employer 133,376 --- --- 466,566
---------- ------------ ------------- ------------
Total contributions 353,972 --- --- 1,255,435
---------- ------------ ------------- ------------
Loans to participants --- 157,589 --- 157,589
Loan payments 14,655 --- 13,265 62,562
---------- ------------ ------------- ------------
Total additions 3,573,480 176,000 14,412 5,088,714
---------- ------------ ------------- ------------
Deductions from net assets attributed to:
Benefits paid 302,411 34,749 10,888 539,236
Loan distributions 93,971 --- --- 157,623
Participant loan payments --- 62,562 --- 62,562
Miscellaneous --- --- (100) (513)
---------- ------------ ------------- ------------
Total deductions 396,382 97,311 10,788 758,908
---------- ------------ ------------- ------------
Net increase prior to interfund transfers 3,177,098 78,689 3,624 4,329,806
Interfund transfers 443,033 --- (22,521) ---
---------- ------------ ------------- ------------
Net increase (decrease) 3,620,131 78,689 (18,897) 4,329,806
Net assets available for plan benefits:
Beginning of year 4,278,266 219,779 18,897 6,398,996
---------- ------------ ------------- ------------
End of year $7,898,397 $ 298,468 $ --- $10,728,802
---------- ------------ ------------- ------------
</TABLE>
See accompanying notes to financial statements.
TRITON ENERGY CORPORATION
401(K) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
1. DESCRIPTION OF THE PLAN
The following description of the Triton Energy Corporation 40l(k) Savings Plan
(the "Plan") provides only general information. Participants should refer to
the Plan documents for a more complete description of the Plan provisions.
GENERAL
The Plan, as amended and restated January 1, 1994, is a restatement of the
Triton Energy Corporation Employee Stock Ownership Plan ("ESOP") which was
originally effective as of May 31, 1976. At December 31, 1993, the only fund
available for investment was the Triton Stock Fund. All assets of the ESOP
were transferred to the Plan at January 1, 1994 at current value. The Plan is
a defined contribution plan covering all employees of Triton Energy
Corporation (the "Company") and employees of affiliated companies adopting the
Plan. The Plan is subject to the provisions of the Employee Retirement Income
Security Act of 1974 ("ERISA").
The Plan covers all employee classifications except leased and temporary
employees and members of a legally recognized collective bargaining unit who
are not expressly granted permission to participate. Employees are
automatically enrolled on January 1st, April 1st, July 1st or October 1st
which coincides with or next follows an employee's employment commencement
date.
The Plan is administered by an administrative committee appointed by the Board
of Directors of the Company. The Plan's investments are held by a trust fund
administered by SBS Trust Company.
2. ACCOUNTING POLICIES
BASIS OF ACCOUNTING
The accompanying financial statements have been prepared on the accrual basis
of accounting. The trustee holds and manages the funds and distributes cash
and stock to the Plan participants.
The assets of the Government Money Fund, Long Term Bond Fund, Large
Capitalization Value Equity Fund, Large Capitalization Growth Fund and
International Equity Fund are invested in separate funds managed by
independent registered investment advisors.
VALUATION OF INVESTMENTS
Investments are valued at current value based on quoted market prices except
for loans which are valued at cost which approximates fair value. Net
appreciation or depreciation of investments as reported in the statement of
changes in net assets available for plan benefits is calculated based on a
revalued cost method basis as required under ERISA guidelines.
INTERFUND TRANSFERS
Participants may change their percentage contributions and fund allocations
once per calendar quarter.
FORFEITURES
A participant forfeits any non-vested employer contributions upon termination
of employment for reasons other than retirement, death or disability.
Forfeitures are utilized to reduce the Company's matching contributions and
were immaterial for 1995.
PARTICIPANT LOANS
Loans outstanding aggregated $298,468 and $219,779 at December 31, 1995 and
1994, respectively, and bear interest at prime (8.5% at December 31, 1995)
plus two percent.
A participant may obtain a loan from all of his/her accounts. The maximum
amount that can be borrowed is equal to 50% of the participant's vested
account balance up to a maximum of $50,000. Participants may borrow general
purpose loans with payment terms up to five years and primary residence loans
with payment terms up to 15 years. Both the principal and interest portions
of the repayments are allocated by current election.
EXPENSES
Costs and expenses incurred in administering the Plan, excluding certain fees
and expenses of the trustee and investment manager, are borne by the Company.
<PAGE>
3. PLAN PARTICIPATION AND WITHDRAWALS
There were approximately 142 participants contributing to the Plan at December
31, 1995 (145 at December 31, 1994). A participating employee may invest his
contributions in multiples of five percent in one or more of the following
active funds: the Government Money Fund, Long Term Bond Fund, Large
Capitalization Value Equity Fund, Large Capitalization Growth Fund,
International Equity Fund and the Triton Stock Fund. The numbers of
participants with balances in the various funds were as follows:
<TABLE>
<CAPTION>
<S> <C> <C>
DECEMBER 31, 31,
1995
----------------
Government Money Fund 34
Long Term Bond Fund 46
Large Capitalization Value Equity Fund 85
Large Capitalization Growth Fund 100
International Equity Fund 93
Triton Stock Fund 118
</TABLE>
A participant may contribute up to 12% of his/her compensation subject to the
annual deferral limit. The Company contributes an amount equal to a
participant's contribution, limited to a maximum of six percent of the
participant's base pay.
Participating employees receive a lump sum payment of all vested contributions
upon retirement, disability, death or termination. Also, participating
employees may make a hardship withdrawal from their participant accounts,
rollover accounts and their vested employer contributed accounts.
4. VESTED INTEREST IN PLAN EQUITY
Plan participants are vested at all times in their employee contributed
accounts. Vesting of employer contributions to a participant's account occurs
at a rate of 20% per year, with full vesting achieved upon five years of
service. In the event of retirement, death or disability, the participant
immediately becomes fully vested. In addition, in the event the Plan is
terminated or partially terminated, employer contributions are discontinued,
or a subsidiary of the Company terminates its participation in the Plan, the
affected participants' employer contributed accounts will become fully vested.
Net assets available for Plan benefits at December 31, 1995 and 1994 included
vested amounts of $255,039 and $113,762, respectively, attributable to
separated employees.
<PAGE>
5. PLAN TERMINATION
Although it has not expressed any intent to do so, the Company has the right
under the Plan to discontinue its contributions at any time and to terminate
the Plan subject to the provisions of ERISA. In the event of Plan
termination, participants become fully vested in their accounts.
6. INCOME TAX STATUS
Management believes that the Plan is qualified under Section 401(a) of the
Internal Revenue Code and therefore, the Plan is exempt from taxation under
Section 501. The Internal Revenue Service granted a favorable letter of
determination to the Plan as amended on December 5, 1994. Generally,
contributions to a qualified plan are deductible by the company when made,
earnings of the trust are tax exempt and participants are not taxed on their
benefits until withdrawn from the Plan.
Management is unaware of any variations in the operation of the Plan from the
terms of the Plan documents as amended. The Plan has complied with the
fidelity bonding requirement of ERISA.
7. SUBSEQUENT EVENT
On March 25, 1996, the stockholders of the Company approved the merger of a
wholly owned subsidiary of Triton Energy Limited ("TEL"), a Cayman Islands
company incorporated in August 1995, with and into the Company (the
"Reorganization"). Pursuant to the Reorganization, TEL became the parent
holding company of the Company and each share of Common Stock, par value
$1.00, and 5% Convertible Preferred Stock of the Company outstanding on March
25, 1996, was converted into one Ordinary Share, par value $.01, and one 5%
Convertible Preference Share, respectively, of TEL. As a result of the
reorganization, the Triton Stock Fund will hold shares of TEL instead of the
Company.
As of June 19, 1996, the TEL Ordinary Share price had decreased to $46.75
causing a $1.5 million decrease in the value of the Triton Energy Stock Fund.
TRITON ENERGY CORPORATION
401(K) SAVINGS PLAN
ITEM 27A - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
SCHEDULE I
INVESTMENTS AT DECEMBER 31, 1995
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
IDENTITY OF ISSUE, BORROWER, LESSOR OR SIMILAR PARTY NUMBER OF CURRENT
DESCRIPTION OF INVESTMENT SHARES COST VALUE (a)
- ------------------------------------------------------------------- --------- ---------- ----------
TRITON STOCK FUND (b)
- -------------------------------------------------------------------
Triton Energy Corporation common stock 137,183 $1,515,862 $7,898,397
---------- ----------
INTERNATIONAL EQUITY FUND
- -------------------------------------------------------------------
Consulting Group Capital Markets Fund 47,045 $ 493,284 $ 501,534
---------- ----------
LARGE CAPITALIZATION VALUE EQUITY FUND
- -------------------------------------------------------------------
Consulting Group Capital Markets Fund 57,909 $ 564,555 $ 651,099
---------- ----------
LARGE CAPITALIZATION GROWTH FUND
- -------------------------------------------------------------------
Consulting Group Capital Markets Fund 57,371 $ 630,018 $ 721,247
---------- ----------
GOVERNMENT MONEY FUND
- -------------------------------------------------------------------
Consulting Group Capital Markets Fund 461,954 $ 464,042 $ 464,042
---------- ----------
LONG TERM BOND FUND
- -------------------------------------------------------------------
Consulting Group Capital Markets Fund 22,272 $ 186,134 $ 194,015
---------- ----------
PARTICIPANT LOANS
- -------------------------------------------------------------------
Participant Notes Receivable Due February 29, 1996
through
September 30, 2010 at
8% - 11% $ 298,468 $ 298,468
---------- ----------
(a) Current value represents closing prices at December 31, 1995.
(b) Party-in-interest
</TABLE>
TRITON ENERGY CORPORATION
401(K) SAVINGS PLAN
ITEM 27D - SCHEDULE OF REPORTABLE TRANSACTIONS
SCHEDULE II
TRANSACTIONS IN EXCESS OF 5% OF THE FAIR MARKET VALUE
OF THE PLAN ASSETS FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
CURRENT VALUE
AGGREGATE AGGREGATE EXPENSE OF ASSET ON
IDENTITY OF PARTY INVOLVED PURCHASE SELLING LEASE INCURRED WITH COST TRANSACTION
DESCRIPTION OF ASSET PRICE PRICE RENTAL TRANSACTION OF ASSET DATE
- ------------------------------------------ ---------- ---------- ------- ------------------- ---------- --------------
TRITON STOCK FUND
- ------------------------------------------
Triton Energy Corporation common stock (a) $ 860,486 $ 193,512 $ --- $ 2,495 $ 36,614 $ 193,512
---------- ---------- ------- ------------------- ---------- --------------
INTERNATIONAL EQUITY FUND
- ------------------------------------------
Consulting Group Capital Markets Fund $ 334,079 $ 440,718 $ --- $ --- $ 460,676 $ 440,718
---------- ---------- ------- ------------------- ---------- --------------
LARGE CAPITALIZATION VALUE EQUITY FUND
- ------------------------------------------
Consulting Group Capital Markets Fund $ 266,872 $ 161,626 $ --- $ --- $ 143,273 $ 161,626
---------- ---------- ------- ------------------- ---------- --------------
LARGE CAPITALIZATION GROWTH FUND
- ------------------------------------------
Consulting Group Capital Markets Fund $ 384,758 $ 198,724 $ --- $ --- $ 166,509 $ 198,724
---------- ---------- ------- ------------------- ---------- --------------
CASH EQUIVALENTS
- ------------------------------------------
Reserve Deposit Account (RDA VI) $1,962,765 $1,994,549 $ --- $ --- $1,994,549 $ 1,994,549
---------- ---------- ------- ------------------- ---------- --------------
(a) Party-in-interest
<S> <C> <C> <C>
NUMBER OF
IDENTITY OF PARTY INVOLVED TRANSACTIONS NET
-------------------
DESCRIPTION OF ASSET PURCHASES SALES GAIN (LOSS)
- ------------------------------------------ ------------ ----- ------------
TRITON STOCK FUND
- ------------------------------------------
Triton Energy Corporation common stock (a) 36 16 $ 156,898
------------
INTERNATIONAL EQUITY FUND
- ------------------------------------------
Consulting Group Capital Markets Fund 73 53 $ (19,958)
------------
LARGE CAPITALIZATION VALUE EQUITY FUND
- ------------------------------------------
Consulting Group Capital Markets Fund 79 52 $ 18,353
------------
LARGE CAPITALIZATION GROWTH FUND
- ------------------------------------------
Consulting Group Capital Markets Fund 84 58 $ 32,215
------------
CASH EQUIVALENTS
- ------------------------------------------
Reserve Deposit Account (RDA VI) 65 77 $ ---
------------
(a) Party-in-interest
</TABLE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
trustees (or other persons who administer the employee benefit plan) have duly
caused this annual report to be signed on its behalf by the undersigned
hereunto duly authorized.
TRITON ENERGY CORPORATION
401(k) Savings Plan
Date: June 26, 1996 /s/ Robert B. Holland, III
Robert B. Holland, III
Vice President and Secretary
<PAGE>
EXHIBIT INDEX
The following document is an exhibit to this Form 11-K:
Exhibit
Number Document
23.1 Consent of Price Waterhouse LLP, filed herewith.
Exhibit 23.1
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in the Registration
Statement on Form S-8 (No. 33-51691), as amended, of the Triton Energy
Corporation 401(k) Savings Plan of our report dated June 20, 1996 appearing on
page F-2 of this Annual Report on Form 11-K.
PRICE WATERHOUSE LLP
Dallas, Texas
June 20, 1996
