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FORM 4 OMB APPROVAL
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[ ] CHECK THIS BOX IF NO OMB Number: 3235-0287
LONGER SUBJECT TO Expires: December 31, 2001
SECTION 16. FORM 4 Estimated average burden
OR FORM 5 OBLIGATIONS hours per response.... 0.5
MAY CONTINUE. SEE --------------------------
INSTRUCTION 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
Shell Capital Inc. Brigham Exploration Company (BEXP) to Issuer (Check all applicable)
--------------------------------------------- ---------------------------------------------- Director X 10% Owner
(Last) (First) (Middle) 3. IRS Identification 4. Statement for ---- ---
Number of Reporting Month/Year Officer (give Other (Specify
910 Louisiana, Suite 5000 Person, if an entity 10/2000 ---- title --- below)
--------------------------------------------- (voluntary) ------------------- below)
(Street) 5. If Amendment,
Houston Texas 77002 76-0555907 Date of Original
--------------------------------------------- -------------------- (Month/Year) --------------------------------
(City) (State) (Zip) 7. Individual or Joint/Group Filing
------------- (Check Applicable Line)
Form filed by One Reporting
--- Person
X 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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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ ------------------------------------ Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr. 4)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 1474 (3-99)
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTIONS OF INFORMATION
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS
A CURRENTLY VALID OMB CONTROL NUMBER.
</TABLE>
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<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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See
Explan-
Common atory
Warrants $3.00 10/31/00 J 1,250,000 Immed. 10/31/07 Stock 1,250,000 note
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<CAPTION>
<C> <C> <C>
9. Number of 10. Ownership 11. Nature of
Derivative Form of Indirect
Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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6,730,769 D
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Explanation of Responses: As a condition precedent to the funding of a Subordinated Credit Agreement dated October 31, 2000 among
Issuer, the reporting person and the other parties signatory thereto, the Issuer granted to the reporting person the above
described warrants.
/s/ R. W. LEFTWICH 11/06/00
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. ------------------------------- --------
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. Page 2
If space is insufficient, see Instruction 6 for procedure. SEC 1474 (3-99)
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.
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JOINT FILING AGREEMENT
Shell Oil Company ("Shell Oil") is deemed to be the beneficial owner of
the shares of the warrants described on the Form 4 attached hereto as filed by
Shell Capital Inc. ("Shell Capital") because Shell Capital is a wholly-owned
subsidiary of Shell Oil. Therefore, Shell Oil joins Shell Capital in filing this
Form 4.
Shell Oil Company
One Shell Plaza
910 Louisiana
Houston, Texas 77002
SHELL OIL COMPANY
By: /s/ R. W. LEFTWICH
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Name: R. W. Leftwich
Title: Treasurer
Shell Petroleum Inc. ("Shell Petroleum") is deemed to be the beneficial
owner of the shares of the warrants described on the Form 4 attached hereto as
filed by Shell Capital Inc. ("Shell Capital") because Shell Capital is a
wholly-owned subsidiary of Shell Oil which is a wholly-owned subsidiary of Shell
Petroleum. Therefore, Shell Petroleum joins Shell Capital in filing this Form 4.
Shell Petroleum Inc.
1105 Market Street
Suite 1300
Wilmington, Delaware 19899
SHELL PETROLEUM INC.
By: /s/ R. W. LEFTWICH
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Name: R. W. Leftwich
Title: Assistant Treasurer
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