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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ____)
Dril-Quip, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
262037 10 4
-------------------------------
(CUSIP Number)
*The remainder of this cover page shall 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 the
disclosures provided in a prior cover page.
The information required in 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).
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CUSIP NO. 262037 10 4 13G PAGE 2 OF 8 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gary W. Loveless
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States of America
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SOLE VOTING POWER
5
NUMBER OF 1,149,600
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
None
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,149,600
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
None
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,149,600
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
6.7%
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TYPE OF REPORTING PERSON*
12
IN
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CUSIP NO. 262037 10 4 13G PAGE 3 OF 8 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Loveless Enterprises, Ltd.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Texas
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SOLE VOTING POWER
5
NUMBER OF 1,149,348
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
None
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,149,348
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
None
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,149,348
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
6.7%
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TYPE OF REPORTING PERSON*
12
PN
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ITEM 1.
Item 1(a) Name of Issuer: Dril-Quip, Inc.
--------------
Item 1(b) Address of Issuer's 13550 Hempstead Highway
-------------------
Principal Executive Offices: Houston, Texas 77040
---------------------------
ITEM 2.
Item 2(a) Name of Person Filing: Gary W. Loveless and Loveless
--------------------- Enterprises, Ltd.
Item 2(b) Address of Principal 13550 Hempstead Highway
--------------------
Business Office: Houston, Texas 77040
---------------
Item 2(c) Citizenship: U.S. (Loveless Enterprises, Ltd.
----------- is a limited partnership
organized under the laws of the
State of Texas)
Item 2(d) Title of Class of Securities: Common Stock
----------------------------
Item 2(e) CUSIP Number: 262037 10 4
------------
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-
2(B), CHECK WHETHER THE PERSON FILING IS A:
(a) [_] Broker or dealer registered under section 15 of the
Act
(b) [_] Bank as defined in section 3(a)(6) of the Act
(c) [_] Insurance Company as defined in section 3(a)(19) of
the Act
(d) [_] Investment Company registered under section 8 of the
Investment Company Act
(e) [_] Investment Adviser registered under section 203 of
the Investment Advisers Act of 1940
(f) [_] Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; see (S) 240.13d-1(b)(1)(ii)(F)
(g) [_] Parent Holding Company, in accordance with
(S) 240.13d-1(b)(ii)(G) (Note: See Item 7)
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(h) [_] Group, in accordance with (S) 240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned by Gary W. Loveless:
1,149,600/(1)/
(b) Percent of Class Beneficially Owned by
Gary W. Loveless: 6.7%/(1)/
(c) Number of shares as to which Gary W. Loveless has:
(i) Sole power to vote or to direct the vote:
1,149,600/(1)/
(ii) Shared power to vote or to direct the vote: None
(iii) Sole power to dispose or to direct the
disposition of: 1,149,600/(1)/
(iv) Shared power to dispose or to direct the
disposition: None
(d) Amount Beneficially Owned by Loveless Enterprises, Ltd.:
1,149,348
(e) Percent of Class Beneficially Owned by
Loveless Enterprises, Ltd.: 6.7%
(f) Number of shares as to which Loveless Enterprises,
Ltd. has:
(i) Sole power to vote or to direct the vote: 1,149,348
(ii) Shared power to vote or to direct the vote: None
(iii) Sole power to dispose or to direct the
disposition of: 1,149,348
(iv) Shared power to dispose or to direct the
disposition: None
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY
Not Applicable
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
ITEM 10. CERTIFICATION
Not Applicable
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Explanation of Responses:
(1) Includes (i) 252 shares of Common Stock owned directly by Mr. Loveless
and (ii) 1,149348 shares of Common Stock owned directly by Loveless Enterprises,
Ltd., as to which Mr. Loveless, as sole manager of Loveless Interests, L.L.C.,
its general partner, exercises sole voting and dispositive power. Because Mr.
Loveless exercises sole voting and dispositive power with respect to these
shares, he may be deemed to be an indirect beneficial owner of these shares for
purposes of Rule 13d-3.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 12, 1998
/s/ GARY W. LOVELESS
---------------------------------
Gary W. Loveless
LOVELESS ENTERPRISES, LTD.
BY: LOVELESS INTERESTS, L.L.C.,
its General Partner
/s/ GARY W. LOVELESS
By:______________________________
Gary W. Loveless, Manager
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AGREEMENT
The undersigned hereby agree in writing pursuant to the provisions of
Rule 13d-1(f)(1)(iii) under the Securities Exchange Act of 1934, as amended,
that the Schedule 13G to which this Agreement is attached is filed on behalf of
each of the undersigned.
/s/ GARY W. LOVELESS
---------------------------------
Gary W. Loveless
LOVELESS ENTERPRISES, LTD.
BY: LOVELESS INTERESTS, L.L.C.,
its General Partner
/s/ GARY W. LOVELESS
By:______________________________
Gary W. Loveless, Manager
