SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)
CHAPARRAL RESOURCES, INC.
(Name of Issuer)
Common Stock, Par Value, $0.10 Per Share
(Title of Class of Securities)
159420207
(CUSIP Number)
Gaetano J. Casillo
Allen & Company Incorporated
711 Fifth Avenue, New York, New York 10022, (212) 832-8000
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
April 21, 1999
(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 ss.ss. 240.13d-1(e),(f) or (g), check the following box [ ].
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the 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).
<PAGE>
SCHEDULE 13D
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CUSIP No. 159420207
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1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Allen Holding Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7 SOLE VOTING POWER
186,286 (includes 44,196 shares underlying warrants to purchase shares of the
Issuer's Common Stock.)
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8 SHARED VOTING POWER
0
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9 SOLE DISPOSITIVE POWER
186,286 (includes 44,196 shares underlying warrants to purchase shares of the
Issuer's Common Stock.)
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 186,286
(includes 44,196 shares underlying warrants to purchase shares of the Issuer's
Common Stock.)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [x]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.3%
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14 TYPE OF REPORTING PERSON
HC
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<PAGE>
SCHEDULE 13D
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CUSIP No. 159420207
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==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Allen & Company Incorporated
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 SOURCE OF FUNDS Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
186,286 (includes 44,196 shares underlying warrants to purchase shares of the
Issuer's Common Stock.)
- -----------------------------------------------------------------------------
8 SHARED VOTING POWER
0
- -----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
186,286 (includes 44,196 shares underlying warrants to purchase shares of the
Issuer's Common Stock.)
- -----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 186,286
(includes 44,196 shares underlying warrants to purchase shares of the Issuer's
Common Stock.)
- -----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [x]
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.3%
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14 TYPE OF REPORTING PERSON
CO, BD
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<PAGE>
AMENDMENT NO. 5
TO THE
SCHEDULE 13D
At a Special Meeting of the shareholders of Chaparral Resources, Inc. (the
"Issuer") held on April 21, 1999, the shareholders approved a proposal to amend
Issuer's Amended and Restated Articles of Incorporation to effect, as of April
21, 1999, a reverse stock split in which one new share of common stock, par
value $0.10 per share (the "Common Stock"), of the Issuer was exchanged for
every 60 shares of common stock, par value $0.10 per share, of the Issuer
presently authorized, issued, and outstanding. In addition, the shareholders of
the Issuer approved a proposal to re-incorporate the Issuer under the laws of
Delaware.
The Reporting Persons hereby amend their Schedule 13D relating to the
Common Stock of the Issuer, to reflect the Issuer's reverse stock split. The
reverse split caused no change in the Reporting Persons' beneficial ownership of
the Common Stock.
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on March 31, 1999, the Reporting Persons,
by virtue of the language of Rule 13d-3(d)(1)(i), may be deemed to own
beneficially in the aggregate 186,286 (including 44,196 shares underlying
warrants) shares of the Issuer's Common Stock which constitutes approximately
18.3% of the outstanding shares (based upon the number of shares that were
reported to be outstanding by the Issuer in a telephone conversation on May 7,
1999).
<TABLE>
<CAPTION>
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Name Shares of Common Stock Percentage
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<S> <C> <C>
Allen Holding Inc. 186,286 (1)(2)(3)(4) 18.3%
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Allen & Company Incorporated 186,286 (1)(2)(3) 18.3%
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==============================================================================
</TABLE>
<PAGE>
Includes 44,196 shares underlying warrants to purchase shares of the Issuer's
Common Stock. The number of Warrants reflected herein includes 3,750 warrants
that ACI acquired and holds for the benefit of certain of its officers,
directors and employees.
(2) Does not include certain shares owned directly by certain officers and
stockholders of ACI and AHI with respect to which ACI and AHI disclaim
beneficial ownership. Certain officers and stockholders of AHI and ACI may be
deemed to beneficially own certain shares of the Issuer's Common Stock reported
to be beneficially owned directly by ACI and AHI.
(3) Excludes shares held in ACI's market maker account.
(4) Represents shares owned by ACI, a wholly-owned subsidiary of AHI.
(c) Other than the trades effected by ACI in its capacity as a
market maker, no trades involving Issuer's Common Stock were made by ACI or AHI
for their own accounts in the past 60 days.
Item 7. Material to be Filed as Exhibits.
Exhibit A: Officers and Directors of Allen Holding Inc. and Allen & Company
Incorporated - incorporated by reference to Amendment no.4 to this Schedule 13D.
<PAGE>
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is true,
complete and correct.
Dated: May 7, 1999
ALLEN HOLDING INC.
By: /s/ Gaetano J. Casillo
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Gaetano J. Casillo
Vice President
ALLEN & COMPANY INCORPORATED
By: /s/ Gaetano J. Casillo
- ----------------------------------------
Gaetano J. Casillo
Vice President
135661
<PAGE>
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is true,
complete and correct.
Dated: May 7, 1999
ALLEN HOLDING INC.
By:
- ----------------------------------------
Gaetano J. Casillo
Vice President
ALLEN & COMPANY INCORPORATED
By:
- ----------------------------------------
Gaetano J. Casillo
Vice President
135661
