<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(AMENDMENT NO. 3)
Under the Securities Exchange Act of 1934*
Edge Petroleum Corporation
-----------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
-----------------------------------------------------------------------
(Title of Class of Securities)
279862 10 6
-----------------------------------------------------------------------
(CUSIP Number)
John E. Calaway
Edge Petroleum Corporation
1111 Bagby, Suite 2100
Houston, Texas 77002
(713) 654-8960
-----------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
May 8, 1998
-----------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [].
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page should be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP No. 279862 10 6
- --------------------------------------------------------------------------------
(1) Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
John E. Calaway
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds
OO
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
United States of America
- --------------------------------------------------------------------------------
Number of (7) Sole Voting Power 160,375 Shares
Shares Bene- _________________________________________________
ficially (8) Shared Voting Power 398,548 Shares
Owned by _________________________________________________
Each Report- (9) Sole Dispositive Power 160,375 Shares
ing Person _________________________________________________
With (10) Shared Dispositive Power 314,944 Shares
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
558,923 Shares
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
7.2 %
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
-2-
<PAGE>
CUSIP No. 279862 10 6
- --------------------------------------------------------------------------------
(1) Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
Calaway Oil and Gas Corporation
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds
OO
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Texas
- --------------------------------------------------------------------------------
Number of (7) Sole Voting Power -0-
Shares Bene- _____________________________________________________
ficially (8) Shared Voting Power 398,548 Shares
Owned by _____________________________________________________
Each Report- (9) Sole Dispositive Power -0-
ing Person _____________________________________________________
With (10) Shared Dispositive Power 314,944 Shares
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
398,548 Shares
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.1 %
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
-3-
<PAGE>
CUSIP No. 279862 10 6
- --------------------------------------------------------------------------------
(1) Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
Calaway Partners
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds
OO
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Texas
- -------------------------------------------------------------------------------
Number of (7) Sole Voting Power -0-
Shares Bene- ____________________________________________________
ficially (8) Shared Voting Power -0-
Owned by ____________________________________________________
Each Report- (9) Sole Dispositive Power -0-
ing Person ____________________________________________________
With (10) Shared Dispositive Power -0-
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
-0-
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
-0-
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) PN
-4-
<PAGE>
CUSIP No. 279862 10 6
- --------------------------------------------------------------------------------
(1) Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
Nell G. Calaway
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds
OO
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
United States of America
- --------------------------------------------------------------------------------
Number of (7) Sole Voting Power -0-
Shares Bene- _________________________________________________
ficially (8) Shared Voting Power -0-
Owned by _________________________________________________
Each Report- (9) Sole Dispositive Power 83,604 Shares
ing Person _________________________________________________
With (10) Shared Dispositive Power -0-
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
83,604 Shares
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
1.1 %
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
-5-
<PAGE>
AMENDMENT NO. 3 TO SCHEDULE 13D
John E. Calaway ("Mr. Calaway"), Nell G. Calaway ("Ms. Calaway"),
Calaway Oil and Gas Corporation, a Texas corporation ("COGC"), and Calaway
Partners, a Texas general partnership ("CP" and collectively with Mr. Calaway,
Ms. Calaway and COGC, the "Calaway Parties"), hereby amends and supplements
their statement on Schedule 13D as originally filed by the Calaway Parties on
March 13, 1997 and amended by Amendment No. 1 dated July 31, 1997 and Amendment
No. 2 dated September 10, 1997 (as so amended, the "Original Statement"), with
respect to the Common Stock, par value $.01 per share (the "Common Stock"), of
Edge Petroleum Corporation, a Delaware corporation (the "Company"). Unless
otherwise indicated, each capitalized term used but not defined herein shall
have the meaning assigned to such term in the Original Statement.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Original Statement is hereby amended and supplemented as
follows:
SEPTEMBER 1997 COGC TRANSACTIONS. In accordance with the disclosure
made on September 11, 1997 in Amendment No. 2 to this Schedule, COGC sold 35,000
shares of Common Stock effective September 10, 1997, and COGC sold 15,000 shares
of Common Stock effective September 11, 1997.
CP TRANSACTIONS. The descriptions below relate to shares sold by CP,
a general partnership, at the direction of Ms. Calaway, a general partner of CP.
The proceeds from such sales are for the benefit of Ms Calaway. Mr. Calaway, a
general partner of CP did not direct the disposition of these shares and will
not receive any proceeds from the sale thereof.
-6-
<PAGE>
October 1997 CP Transactions. Effective October 14, 1997, CP sold
1,500 shares of Common Stock. Effective October 17, 1997, CP sold 18,500 shares
of Common Stock.
May 1998 CP Transactions. Effective May 5, 1998, CP sold 3,000 shares
of Common Stock. Effective May 6, 1998, CP sold 2,000 shares of Common Stock.
Effective May 8, 1998, CP sold 5,000 shares of Common Stock. Effective May 11,
1998, CP sold 3,000 shares of Common Stock.
Following all actions described in this Item, COGC and CP held
directly 314,944 and 83,604 shares of Common Stock, respectively.
OTHER. CP expects that it may dispose of up to an additional 40,000
shares in the open market in the near future. Each of the Calaway Parties may
also seek to take any other action described in the Original Statement.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Original Statement is hereby amended and supplemented as
follows: Effective September 10, 1997, COGC sold 35,000 shares of Common
Stock. Effective September 11, 1997, COGC sold 15,000 shares of Common Stock.
Effective October 14, 1997, CP sold 1,500 shares of Common Stock. Effective
October 17, 1997, CP sold 18,500 shares of Common Stock. Effective May 5, 1998,
CP sold 3,000 shares of Common Stock at $13.50 per share by open market sale
effected on the Nasdaq National Market. Effective May 6, 1998, CP sold 2,000
shares of Common Stock at $13.50 per share by open market sale effected on the
Nasdaq National Market. Effective May 8, 1998, CP sold 5,000 shares of Common
Stock at $13.25 per share by open market sale effected on the Nasdaq National
Market. Effective May 11, 1998, CP sold 3,000 shares of Common Stock at $13.375
per share by open market sale effected on the Nasdaq National Market.
-7-
<PAGE>
As of May 8, 1998, Mr. Calaway beneficially owned an aggregate of
558,923 shares of Common Stock (approximately 7.2% of the 7,760,869 shares
outstanding, determined by reference to the approximately 7,760,869 shares of
Common Stock the Company reported outstanding in its most recently filed Annual
Report on Form 10-K). Such beneficial ownership also includes 26,729 shares
underlying stock options (as described below). Mr. Calaway and COGC disclaim
beneficial ownership of the shares of Common Stock held by CP, and Ms. Calaway
disclaims beneficial ownership of the shares of Common Stock held by CP, COGC
and Mr. Calaway, and nothing herein shall be deemed an admission that a group
exists.
As described in the Original Statement, the Company on March 3, 1997
granted options for 133,645 shares of Common Stock to Mr. Calaway pursuant to
the Company's Incentive Plan. Such options are exercisable in cumulative annual
increments of one-fifth of the total number of shares of Common Stock subject
thereto, beginning on the anniversary date of grant, at a purchase price of
$16.50 per share and expire ten years from the date of their issuance. Mr.
Calaway will be deemed the beneficial owner of such shares 60 days prior to the
exercisability of the options related to such shares. As of May 8, 1998, Mr.
Calaway may be deemed to be the beneficial owner of 26,729 of such shares.
Except as set forth in this Amendment, to the best of each of the
Calaway Parties' knowledge, none of the Calaway Parties have effected any
transaction in Common Stock during the past sixty days.
-8-
<PAGE>
After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Date: May 11, 1998.
By:/s/ John E. Calaway
----------------------------------
John E. Calaway
CALAWAY OIL AND GAS CORPORATION
By:/s/ John E. Calaway
----------------------------------
John E. Calaway
President and Secretary
CALAWAY PARTNERS, by CALAWAY OIL AND
GAS CORPORATION, its general partner
By:/s/ John E. Calaway
----------------------------------
John E. Calaway
President and Secretary
By:/s/ Nell G. Calaway
----------------------------------
Nell G. Calaway
-9-
