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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 3)
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:
May 16, 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 11 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 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,903,392
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 0
--------- ------------------------------------------------
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.
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SCHEDULE 13D
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CUSIP No. 71649C101 Page 3 of 11 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 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,903,392
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 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*
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 11 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 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,903,392
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 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*
PN
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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 5 of 11 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
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,903,392
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 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.
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This Amendment No. 3 amends the Schedule 13D filed on August 30, 1999 (as
amended by Amendments No. 1 and 2, 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 deleting the last paragraph at the end of Item
4 and adding the following paragraph in its place.
Following receipt of Intermountain's acquisition proposal on May 3, 2000,
the Company appointed one of its directors as the sole member of a special,
independent committee to evaluate the proposal. On May 5, 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 9,
2000, Intermountain agreed to extend the deadline to May 17, 2000. On May 9,
2000, the sole member of the
6 of 9
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special committee requested that the May 17, 2000 deadline be deleted from the
acquisition proposal. On May 16, 2000, Intermountain agreed to delete the May
17, 2000 deadline, but reserved its right to impose a time deadline in the
future with at least seven days advance notice of any such deadline.
Item 7. Material to be Filed as Exhibits.
1. Supplement to Merger Proposal Letter, dated May 16, 2000, from
Intermountain to the Company.
7 of 9
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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 18, 2000 III EXPLORATION COMPANY
By: /s/ Jeffrey K. Lebens
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Jeffrey K. Lebens,
Treasurer and Assistant
Secretary
Dated: May 18, 2000 INTERMOUNTAIN INDUSTRIES, INC.
By: /s/ William C. Glynn
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William C. Glynn,
President
Dated: May 18, 2000 CENTURY PARTNERS-IDAHO LIMITED PARTNERSHIP
By: /s/ Richard Hokin
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Richard Hokin
General Partner
/s/ Richard Hokin
Dated: May 18, 2000 ------------------------------
Richard Hokin
8 of 9
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Exhibit Index
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1. Supplement to Merger Proposal Letter, dated May 16, 2000, from
Intermountain to the Company.
S-1
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Exhibit 1
[Intermountain Industries Letterhead]
May 16, 2000
VIA FACSIMILE
A. J. Schwartz, Esq.
Morris, Laing, Evans, Brock & Kennedy, Chartered
Fourth Floor
200 West Douglas
Wichita, Kansas 57202-3084
Dear Mr. Schwartz:
This letter relates to our letter of May 9, 2000 to you concerning the
offer by Intermountain Industries, Inc. ("Intermountain"), to acquire all the
outstanding shares of Petroglyph Energy, Inc. ("Petroglyph") Intermountain does
not currently own.
You asked us for two amendments, one to our offer and one to the separate
but related interim proposal. We are pleased to grant both.
Your first request was that we delete the term by which the Intermountain
offer is scheduled to expire this Wednesday, May 17, 2000. While as you know we
had arrived at that deadline in consultation with you and in reliance on your
belief last week that the investment bankers would have been able to advise you
on the fairness of our offer by then, you have now advised us that the bankers
have only just begun their analysis at the beginning of this week and that
Wednesday is no longer a realistic deadline. As you know, we are sensitive to
your need to give due deliberation to the fairness of Intermountain's offer and
we do not wish to curtail in any respect your ability to do your job in a
careful and deliberate manner. Accordingly, Intermountain hereby deletes the
requirement that you respond to our offer by May 17, 2000, however we do reserve
the right at our discretion to impose a time deadline in future if we deem it
appropriate. In any event, we would give you at least seven calendar days
advance notice of the imposition of any such deadline by faxing such notice to
your office at the above address.
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Your second request was that we revise the loan proposal we had made so
that the loan would extend for nine months, with principal and interest due at
maturity. We recognize Petroglyph's immediate cash needs and particularly the
need to take immediate steps to preserve its assets as well as the need to have
funding in place to do that over the next nine months. Accordingly, we hereby
advise you that we would be willing to accede to your request. In all other
respects, our obligation to make the loan would of course be as set forth in our
offer dated May 5, 2000 and be dependent on the execution and delivery of loan
documentation which would have customary terms and conditions, including a right
on Petroglyph's part to prepay the loan without penalty and a prohibition
against Petroglyph's incurring additional indebtedness for money borrowed while
the loan remains outstanding. We will begin preparing the documentation
immediately.
Sincerely yours,
/s/ William C. Glynn
William C. Glynn
cc: Messrs. Richard Hokin
Eugene C. Thomas
Robert C. Murdock
