<PAGE> 1
================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
TRITON ENERGY LIMITED
(Name of Issuer)
COMMON STOCK (ORDINARY SHARES), $0.01 PAR VALUE
(Title of Class of Securities)
G90751101
(CUSIP NUMBER)
LAWRENCE D. STUART, JR.
HM4 TRITON, L.P.
C/O HICKS, MUSE, TATE & FURST INCORPORATED
200 CRESCENT COURT
SUITE 1600
DALLAS, TEXAS 75201
(214) 740-7300
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
Copy to:
MICHAEL D. WORTLEY
VINSON & ELKINS L.L.P.
3700 TRAMMELL CROW CENTER
2001 ROSS AVENUE
DALLAS, TEXAS 75201
(214) 220-7732
OCTOBER 23, 1998
(Date of Event which Requires Filing of this Statement on Schedule 13D)
================================================================================
<PAGE> 2
CUSIP NO. G90751101 Schedule 13D/A Page 2 of 9
<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
HM4 Triton, L.P.
- ----------------------------------------------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ----------------------------------------------------------------------------------------------------------------------
4 Source of Funds
WC, BK
- ----------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required [ ]
Pursuant to Items 2(d) or 2(e)
- ----------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Cayman Islands
----------------------------------------------------------------------------------------------
Number of Shares 7 Sole Voting Power
0
----------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned 8,533,500
----------------------------------------------------------------------------------------------
by Each Reporting 9 Sole Dispositive Power
0
----------------------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
8,533,500
- ----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
8,533,500
- ----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes [ ]
Certain Shares
- ----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
19.4%
- ----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
PN
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 3
CUSIP NO. G90751101 Schedule 13D/A Page 3 of 9
<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
HM4/GP Partners Cayman, L.P.
- ----------------------------------------------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ----------------------------------------------------------------------------------------------------------------------
4 Source of Funds
WC
- ----------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required [ ]
Pursuant to Items 2(d) or 2(e)
- ----------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Cayman Islands
- ----------------------------------------------------------------------------------------------------------------------
Number of Shares 7 Sole Voting Power
0
----------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned 8,533,500
----------------------------------------------------------------------------------------------
by Each Reporting 9 Sole Dispositive Power
0
----------------------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
8,533,500
- ----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
8,533,500
- ----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes [ ]
Certain Shares
- ----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
19.4%
- ----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
PN
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 4
CUSIP NO. G90751101 Schedule 13D/A Page 4 of 9
<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
HM GP Partners IV Cayman, L.P.
- ----------------------------------------------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ----------------------------------------------------------------------------------------------------------------------
4 Source of Funds
WC
- ----------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required [ ]
Pursuant to Items 2(d) or 2(e)
- ----------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Cayman Islands
- ----------------------------------------------------------------------------------------------------------------------
Number of Shares 7 Sole Voting Power
0
----------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned 8,533,500
----------------------------------------------------------------------------------------------
by Each Reporting 9 Sole Dispositive Power
0
----------------------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
8,533,500
- ----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
8,533,500
- ----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes [ ]
Certain Shares
- ----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
19.4%
- ----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
PN
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 5
CUSIP NO. G90751101 Schedule 13D/A Page 5 of 9
<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
HM Fund IV Cayman, LLC
- ----------------------------------------------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ----------------------------------------------------------------------------------------------------------------------
4 Source of Funds
WC
- ----------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required [ ]
Pursuant to Items 2(d) or 2(e)
- ----------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Cayman Islands
- ----------------------------------------------------------------------------------------------------------------------
Number of Shares 7 Sole Voting Power
0
----------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned 8,533,500
----------------------------------------------------------------------------------------------
by Each Reporting 9 Sole Dispositive Power
0
----------------------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
8,533,500
- ----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
8,533,500
- ----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes [ ]
Certain Shares
- ----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
19.4%
- ----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
OO (Cayman Islands limited liability company)
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 6
CUSIP NO. G90751101 Schedule 13D/A Page 6 of 9
<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
Thomas O. Hicks
- ----------------------------------------------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ----------------------------------------------------------------------------------------------------------------------
4 Source of Funds
PF
- ----------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required [ ]
Pursuant to Items 2(d) or 2(e)
- ----------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
State of Texas
- ----------------------------------------------------------------------------------------------------------------------
Number of Shares 7 Sole Voting Power
0
----------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned 8,533,500
----------------------------------------------------------------------------------------------
by Each Reporting 9 Sole Dispositive Power
0
----------------------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
8,533,500
- ----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
8,533,500
- ----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes [ ]
Certain Shares
- ----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
19.4%
- ----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
IN
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 7
Schedule 13D/A Page 7 of 9
This Amendment No. 2 to Schedule 13D is being filed by HM4 Triton, L.P.
("Purchaser"), HM4/GP Partners Cayman, L.P., HM GP Partners IV Cayman, L.P., HM
Fund IV Cayman, LLC, and Thomas O. Hicks (collectively, the "Reporting
Persons"), to amend items 8, 10, 11 and 13 of the cover page for each of the
Reporting Persons and Item 1, Item 3, Item 5(a) and (b) and Item 5(c) of the
original Schedule 13D dated October 12, 1998, as amended by Amendment No. 1 (the
"Original Schedule 13D"), to reflect the purchase by Purchaser of an additional
443,000 Ordinary Shares of Triton Energy Limited, as reported in Item 5(c). The
cover page for each of the Reporting Persons and the full text of Item 1, as
amended hereby, are restated in their entirety in this Amendment No. 2. Items 2,
4, 5(d), 5(e) and 6 of the Original Schedule 13D remain unchanged.
Unless otherwise indicated, capitalized terms used but not defined
herein which are defined in the Original Schedule 13D shall have the meanings
assigned to such terms in the Original Schedule 13D.
ITEM 1. SECURITY AND ISSUER
The class of equity securities to which this statement on Schedule 13D
relates is the Ordinary Shares, par value $0.01 per share ("Ordinary Shares"),
of Triton Energy Limited, a Cayman Islands company (the "Company"). The
Reporting Persons beneficially own such equity securities as a result of HM4
Triton, L.P.'s, record ownership of 1,243,500 Ordinary Shares and 1,822,500 8%
Convertible Preference Shares, par value $0.01 per share, of the Company
("Preference Shares"). Each Preference Share currently is convertible at any
time at the option of the holder, prior to redemption by the Company, into four
Ordinary Shares, subject to customary antidilution protections. The Preference
Shares first become redeemable by the Company, at its option in whole but not in
part, on September 30, 2001, provided the Ordinary Shares have traded at certain
specified levels prior to redemption.
The address of the Company's principal executive offices is Caledonian
House, Mary Street, P. O. Box 1043, George Town, Grand Cayman, Cayman Islands.
ITEM 3. SOURCES AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is hereby amended and supplemented by adding the following
paragraph at the end of Item 3:
The Purchaser utilized $4,023,487 of its working capital to purchase an
aggregate of 443,000 additional Ordinary Shares in open market purchases on
October 15, 19, 20, 21, and 23. See Item 5(c) below. The Purchaser also utilized
its working capital to repay in full amounts borrowed to fund prior open market
purchases. The Purchaser's working capital utilized for these purposes was
provided by capital contributions to the Purchaser from HM4/GP and the limited
partners of the Purchaser. HM4/GP obtained the funds contributed to Purchaser by
capital contributions from HM GP and the limited partners of HM4/GP; HM GP
obtained the funds contributed to HM4/GP by capital contributions from General
Partner and the limited partners of General Partner; General Partner obtained
the funds contributed to HM GP by capital contributions from Hicks; and Hicks
obtained the funds contributed to General Partner from personal funds.
<PAGE> 8
Schedule 13D/A Page 8 of 9
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b)
Item 5(a) and (b) is hereby amended by deleting the first paragraph
thereof and substituting therefor the following paragraph:
The Purchaser is the record and beneficial owner of
1,243,500 Ordinary Shares, which represent approximately 2.8% of the Company's
outstanding Ordinary Shares (giving effect to the conversion of Preference
Shares held by Purchaser at the current conversion rate). The Purchaser also is
the record owner of 1,822,500 Preference Shares, or 100% of the issued and
outstanding Preference Shares. The 1,822,500 Preference Shares currently are
convertible into an aggregate of 7,290,000 Ordinary Shares, which Ordinary
Shares are beneficially owned by Purchaser and represent approximately 16.6% of
the Company's Ordinary Shares outstanding (giving effect to the conversion of
the Preference Shares held by Purchaser at the current conversion rate). The
8,533,500 Ordinary Shares beneficially owned by the Purchaser as described above
represent approximately 19.4% of the Company's Ordinary Shares outstanding,
giving effect to the conversion of Preference Shares held by Purchaser.
(c)
Item 5(c) is hereby amended and supplemented by adding the following
paragraph at the end of Item 5(c).
Purchaser acquired a total of 443,000 additional Ordinary Shares
in open market purchases as follows:
<TABLE>
<CAPTION>
NUMBER OF SHARES DATE ACQUIRED PRICE PER SHARE MANNER
- ---------------- ------------- --------------- ------
<S> <C> <C> <C>
90,200 October 15, 1998 $9.00 open market purchase
9,400 October 19, 1998 $9.00 open market purchase
67,000 October 20, 1998 $9.00 open market purchase
2,000 October 21, 1998 $8.875 open market purchase
40,000 October 21, 1998 $8.9375 open market purchase
135,000 October 21, 1998 $8.9375 open market purchase
5,000 October 21, 1998 $9.00 open market purchase
91,000 October 23, 1998 $9.5 open market purchase
3,000 October 23, 1998 $9.625 open market purchase
400 October 23, 1998 $9.75 open market purchase
</TABLE>
<PAGE> 9
Schedule 13D/A Page 9 of 9
(Amendment No. 2)
SIGNATURES
After due inquiry and to the best of my knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated November 12, 1998 HM4 TRITON, L.P.
By: /s/ MICHAEL D. SALIM
-----------------------------------
Michael D. Salim
Attorney-in-Fact
Dated November 12, 1998 THOMAS O. HICKS
/s/ MICHAEL D. SALIM
---------------------------------------
By: Michael D. Salim, Attorney-in-Fact
Dated November 12, 1998 HM4/GP PARTNERS CAYMAN, L.P.
/s/ MICHAEL D. SALIM
---------------------------------------
By: Michael D. Salim, Attorney-in-Fact
Dated November 12, 1998 HM GP PARTNERS IV CAYMAN, L.P.
/s/ MICHAEL D. SALIM
---------------------------------------
By: Michael D. Salim, Attorney-in-Fact
Dated November 12, 1998 HM FUND IV CAYMAN, LLC
/s/ MICHAEL D. SALIM
---------------------------------------
By: Michael D. Salim, Attorney-in-Fact
