SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Coastal Caribbean Oils & Minerals
(Name of Issuer)
Common Stock $0.12 Par Value
(Title of Class of Securities)
19043-22-0
(CUSIP Number)
Steven M. Plon, Esquire, Silverman Coopersmith Hillman & Frimmer
Two Penn Center Plaza, Suite 910, Philadelphia, PA 19102, (215) 636-4482
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 7, 1996
(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(b)(3) or (4), check the following
box .
Check the following box if a fee is being paid with the statement . (A fee is
not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the claim of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d1(a) for other parties to whom copies are to
be sent.
*The remainder of this coverage page shall be filed 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
disclosures provided in a prior cover page.
The information required on 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 action of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).
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13D
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Leon S. Gross
S.S. No. ###-##-####
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
ITEM 2(d) or 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH
7. SOLE VOTING POWER
4,138,723
8. SHARED VOTING POWER
51,308
9. SOLE DISPOSITIVE POWER
4,138,723
10. SHARED DISPOSITIVE POWER
51,308
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,190,031
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.47%
14. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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AMENDMENT NO. 4 TO SCHEDULE 13D
This Amendment No. 4 to the Schedule 13D amends the Schedule 13D dated
February 24, 1987, as amended by Amendment No. 1 dated August 24, 1987,
Amendment No. 2 dated November 2, 1987 and Amendment No. 3 dated May 13, 1988
(the "Existing Schedule 13D"), is being filed by the undersigned in accordance
with Rule 13d-2(a) of general rules and regulations under the Securities
Exchange Act of 1934, as amended, and amends the Existing Schedule 13D to the
extent set forth below.
Item 2. Identity and Background.
The shares of stock which were previously disclosed to be owned by the
Estate of Jacob S. Gross are now owned by the Jacob S. Gross Trust (the "Trust")
of which Mr. Gross is co-trustee.
Item 3. Source and Amount of Funds or Other Consideration.
The funds required for the purchases of the shares owned by Mr. Gross were
provided from Mr. Gross' personal funds.
Item 5. Interest in Securities of the Issuer.
(a) Mr. Gross personally owns 4,138,723 Shares and the Trust owns
51,308 Shares representing in the aggregate 10.47% of the 40,036,358 issued
and outstanding Shares, based on information provided by the Issuer in its
Prospectus dated April 15, 1996.
(b) Mr. Gross has the sole power to vote and dispose of all Shares owned
by him. Mr. Gross shares the power to vote and dispose of all Shares owned by
the Trust with the other co-trustee of the Trust.
(c) Pursuant to an offering to its current shareholders described in the
Prospectus dated April 15, 1996, on June 7, 1996 Mr. Gross purchased 864,806
Shares and the Trust purchased 14,742 Shares, all of which were purchased at
the price of $1.00 per share.
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.
July 7, 1996
Date
/s/ Leon S. Gross
Leon S. Gross
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