SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13D/A
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(Amendment No. 1)*
Westmoreland Coal Company
(Name of Issuer)
Common Stock
(Title of Class of Securities)
960878106
(CUSIP Number)
Jeffrey L. Gendell
200 Park Avenue, Suite 3900, New York, New York 10166 (212) 692-3695
(Name, address and telephone number of person
authorized to receive notices and communications)
July 5, 2000
(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(e), 13d-1(f) or 13d-1(g) check the
following box [ ].
NOTE: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7 for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 5 Pages)
________________
*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 purposes 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)
CUSIP No. 960878106 13D Page 2 of 5 Pages
____________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Jeffrey L. Gendell
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
PF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
513,000
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
-0-
OWNED BY ___________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
513,000
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
-0-
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
513,000
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.3%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 960878106 13D Page 3 of 5 Pages
Item 1. Security and Issuer.
The Schedule 13D (the "Schedule 13D") filed on March 26, 1999 by Jeffrey
L. Gendell ("Mr. Gendell"), relating to the common stock, $2.50 par value (the
"Common Stock") of Westmoreland Coal Company (the "Company"), is hereby amended
by this Amendment No. 1 to the Schedule 13D. The Company's principal executive
offices are located at 14th Floor, 2 North Cascade Avenue, Colorado Springs,
Colorado 80903.
************************
Item 3. Source and Amount of Funds and Other Consideration.
The net investment cost (including commissions, if any) of the shares of
Common Stock directly owned by Mr. Gendell is approximately $1,906,306.
The shares of Common Stock purchased by Mr. Gendell were purchased with
personal funds and on margin.
Mr. Gendell's margin transactions are with ING Baring Furman Selz, LLC,
on such firm's usual terms and conditions. All or part of the shares of Common
Stock directly owned by Mr. Gendell may from time to time be pledged with one
or more banking institutions or brokerage firms as collateral for loans made by
such bank(s) or brokerage firm(s) to Mr. Gendell. Such loans bear interest at
a rate based upon the broker's call rate from time to time in effect. Such
indebtedness may be refinanced with other banks or broker-dealers.
*************************
Item 5. Interest in Securities of the Issuer.
A. Jeffrey L. Gendell.
(a) Aggregate number of shares beneficially owned: 513,000
Percentage: 7.3% The percentages used herein and in
the rest of Item 5 are calculated based upon the 7,069,663 shares of Common
Stock issued and outstanding as of May 1, 2000 as reflected in the Company's
Form 10-Q for the quarterly period ending March 31, 2000. Mr. Gendell's
aforementioned beneficial ownership includes 15,000 shares of Common Stock
which were purchased via a self-directed Individual Retirement Account.
(b) 1. Sole power to vote or direct vote: 513,000
2. Shared power to vote or direct vote: -0-
3. Sole power to dispose or direct the disposition: 513,000
4. Shared power to dispose or direct the disposition: -0-
(c) The trading dates, number of shares of Common Stock purchased
or sold and the price per share for all transactions in the Common Stock within
the last sixty days, which were all in the open market, are set forth in
Schedule A and are incorporated by reference.
(d) Not Applicable
(e) Not Applicable.
CUSIP No. 960878106 13D Page 4 of 5 Pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is
true, complete and correct.
DATED: July 11, 2000
/s/ JEFFREY L. GENDELL
Jeffrey L. Gendell, individually
CUSIP No. 960878106 13D Page 5 of 5 Pages
Schedule A
JEFFREY L. GENDELL
Price Per Share
Date of Number of Shares (including commissions,
Transaction Purchased/(Sold) if any)
6/19/00 9,000 $2.91
6/20/00 5,000 $2.91
6/27/00 3,500 $2.91
6/30/00 5,000 $3.03
6/30/00 10,000 $2.92
7/05/00 20,000 $3.01
7/10/00 10,700 $3.04
7/11/00 11,500 $3.10
