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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 2)
Under the Securities Exchange Act of 1934
Petroglyph Energy, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
71649C101
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(CUSIP Number of Class of Securities)
William C. Glynn
III Exploration Company
555 South Cole Road
Boise, Idaho 83709
(208) 377-6000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copies to:
Roger D. Blanc
Willkie Farr & Gallagher
787 Seventh Avenue
New York, NY 10019
(212) 728-8000
May 10, 2000
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(Date of Event which Requires
Filing of this Schedule)
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: [ ]
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SCHEDULE 13D
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CUSIP No. 71649C101 Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
III Exploration Company I.D. #82-0456309
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Idaho
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7 SOLE VOTING POWER
0
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 3,903,392
PERSON WITH
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9 SOLE DISPOSITIVE POWER
0
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10 SHARED DISPOSITIVE POWER
3,903,392
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,903,392
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
60.4%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
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CUSIP No. 71649C101 Page 3 of 7 Pages
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1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Intermountain Industries, Inc. I.D. #82-0393036
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Idaho
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7 SOLE VOTING POWER
0
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 3,903,392
PERSON WITH
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,903,392
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,903,392
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
60.4%
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14 TYPE OF REPORTING PERSON*
HC
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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SCHEDULE 13D
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CUSIP No. 71649C101 Page 4 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Century Partners - Idaho Limited Partnership I.D. #13-3240674
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Idaho
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7 SOLE VOTING POWER
0
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 3,903,392
PERSON WITH
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,903,392
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,903,392
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
60.4%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
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CUSIP No. 71649C101 Page 5 of 7 Pages
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1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard Hokin
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
0
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 3,903,392
PERSON WITH
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,903,392
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,903,392
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
60.4%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
This Amendment No. 2 amends the Schedule 13D filed on August 30, 1999 (the
"Schedule 13D") on behalf of III Exploration Company, an Idaho corporation
("Exploration"), Intermountain Industries, Inc., an Idaho corporation
("Intermountain"), Century Partners-Idaho Limited Partnership, an Idaho limited
partnership ("Century") and Richard Hokin, an individual ("Hokin" and together
with Exploration, Intermountain and Century, the "Reporting Persons"), relating
to the common stock, par value $.01 per share, of Petroglyph Energy, Inc. (the
"Company"), a Delaware corporation. Unless otherwise indicated herein, each
capitalized term used but not defined herein shall have the meaning assigned to
such term in the Schedule 13D.
Item 4. Purpose of Transaction.
Item 4 is hereby amended by adding the following paragraphs at the end of
Item 4.
Following receipt of Intermountain's acquisition proposal on May 3, 2000,
the Company appointed one of its directors as the sole members of a special,
independent committee to evaluate the proposal. On May, 2000, the sole member of
the special committee provided a written request to Intermountain to extend the
deadline for the Company to respond to the acquisition proposal. ON May 17,
2000, Intermountain agreed to extend the deadline to May 9, 2000.
Item 7. Material to be Filed as Exhibits.
1. Supplement to Merger Proposal Letter, dated May 9, 2000, from
Intermountain to the Company.
6 of 7
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SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: May 12, 2000 III EXPLORATION COMPANY
By: /s/ Jeffrey K. Lebens
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Jeffrey K. Lebens,
Treasurer and Assistant
Secretary
Dated: May 12, 2000 INTERMOUNTAIN INDUSTRIES, INC.
By: /s/ William C. Glynn
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William C. Glynn,
President
Dated: May 12, 2000 CENTURY PARTNERS-IDAHO LIMITED
PARTNERSHIP
By: /s/ Richard Hokin
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Richard Hokin
General Partner
Dated: May 12, 2000 /s/ Richard Hokin
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Richard Hokin
7 of 7
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Exhibit Index
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1. Supplement to Merger Proposal Letter, dated May 9, 2000, from
Intermountain to the Company.
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William C. Glynn
President
May 9, 2000
A.J. Schwartz, Esq.
Morris, Laing, Evans, Brock & Kennedy, Chartered
Fourth floor
200 West Douglas
Wichita, Kansas 57202-3084
Dear A.J.:
This letter responds to your letter of May 5, 2000 to Mr. Richard Hokin of
Intermountain Industries, Inc. ("Intermountain"), in which you asked for
additional time to respond to Intermountain's offer to acquire all the
outstanding shares of Petroglyph Energy, Inc. ("Petroglyph") Intermountain does
not currently own.
While we are sensitive, as we are sure you are, to Petroglyph's acute cash needs
and therefore the need to proceed expeditiously to resolve this matter if
Petroglyph's asset values are to be preserved for the benefit of all
Petroglyph's shareholders, we also recognize the need for you, as sole member of
a special independent committee of the Petroglyph board of directors, to proceed
carefully and deliberately to evaluate the fairness of Petroglyph's offer. In
that regard, we are encouraged by what you told me when we spoke today by
telephone, particularly that you have interviewed several investment banking
firms, that you are prepared imminently to select one to assist you in
evaluating Intermountain's offer and that you believe you will be able, with the
assistance of the investment bank you select, to make a preliminary
determination by Wednesday, May 17, 2000.
We are pleased to provide you with the additional time you have requested to do
your job in a careful and deliberate manner. Accordingly, Intermountain hereby
extends through May 17, 2000 the time for expiration of our offer.
We look forward to hearing further from you.
Sincerely yours,
/s/ Bill
William C. Glynn
cc: Mssrs. Richard Hokin
Eugene C. Thomas
Robert C. Murdock
