SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 12)*
Harken Energy Corporation
-------------------------
(Name of Issuer)
Common Stock, $0.01 par value
-----------------------------
(Title of Class of Securities)
412552101
---------
(CUSIP Number)
Tami E. Nason, Esq. COPY TO: Christopher A. Klem, Esq.
Harvard Private Capital Ropes & Gray
Group, Inc. One International Place
600 Atlantic Avenue Boston, MA 02110
Boston, MA 02210 (617) 951-7410
(617) 523-4400
------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
March 21, 1997 - October 15, 1997
----------------------------------------------------------
(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 [ ]
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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
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 section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 13 Pages
<PAGE>
SCHEDULE 13D
|-----------------------| |--------------------------|
|CUSIP No. 412552101 | | Page 2 of 13 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | NAME OF REPORTING PERSON |
| | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS |
| | |
| | Aeneas Venture Corporation |
|---------|------------------------------------------------------------------|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]|
| | (b) [ ]|
|---------|------------------------------------------------------------------|
| 3 | SEC USE ONLY |
| | |
|---------|------------------------------------------------------------------|
| 4 | SOURCE OF FUNDS* |
| | |
| | WC |
|---------|------------------------------------------------------------------|
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED |
| | PURSUANT TO ITEMS 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | Delaware |
|----------------|-----|-----------------------------------------------------|
| | 7 | SOLE VOTING POWER |
| | | 3,805,514 shares of Common Stock (See Item 5) |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | SHARED VOTING POWER |
| BENEFICIALLY | | .................. |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | SOLE DISPOSITIVE POWER |
| PERSON | | 3,805,514 shares of Common Stock (See Item 5) |
| WITH |-----|-----------------------------------------------------|
| | 10 | SHARED DISPOSITIVE POWER |
| | | ..................... |
|----------------------------------------------------------------------------|
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 3,805,514 shares of Common Stock (See Item 5) |
|---------|------------------------------------------------------------------|
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) |
| | EXCLUDES CERTAIN SHARES* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| | |
| | 3.2% |
|---------|------------------------------------------------------------------|
| 14 | TYPE OF REPORTING PERSON* |
| | |
| | CO |
|----------------------------------------------------------------------------|
Page 2 of 13 Pages
<PAGE>
SCHEDULE 13D
|-----------------------| |--------------------------|
|CUSIP No. 412552101 | | Page 3 of 13 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | NAME OF REPORTING PERSONS |
| | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | Harvard Yenching Institute |
|---------|------------------------------------------------------------------|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]|
| | (b) [ ]|
|---------|------------------------------------------------------------------|
| 3 | SEC USE ONLY |
| | |
|---------|------------------------------------------------------------------|
| 4 | SOURCE OF FUNDS* |
| | |
| | WC |
|---------|------------------------------------------------------------------|
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED |
| | PURSUANT TO ITEMS 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | Massachusetts |
|----------------|-----|-----------------------------------------------------|
| | 7 | SOLE VOTING POWER |
| | | 105,116 shares of Common Stock (See Item 5) |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | SHARED VOTING POWER |
| BENEFICIALLY | | ........... |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | SOLE DISPOSITIVE POWER |
| PERSON | | 105,116 shares of Common Stock (See Item 5) |
| WITH |-----|-----------------------------------------------------|
| | 10 | SHARED DISPOSITIVE POWER |
| | | ........... |
|----------------------------------------------------------------------------|
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 105,116 shares of Common Stock (See Item 5) |
|---------|------------------------------------------------------------------|
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) |
| | EXCLUDES CERTAIN SHARES* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| | |
| | 0.1% |
|---------|------------------------------------------------------------------|
| 14 | TYPE OF REPORTING PERSON* |
| | |
| | EP |
|----------------------------------------------------------------------------|
Page 3 of 13 Pages
<PAGE>
SCHEDULE 13D
|-----------------------| |--------------------------|
|CUSIP No. 412552101 | | Page 4 of 13 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | NAME OF REPORTING PERSON |
| | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | President and Fellows of Harvard College |
|---------|------------------------------------------------------------------|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]|
| | (b) [ ]|
|---------|------------------------------------------------------------------|
| 3 | SEC USE ONLY |
| | |
|---------|------------------------------------------------------------------|
| 4 | SOURCE OF FUNDS* |
| | |
| | WC |
|---------|------------------------------------------------------------------|
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED |
| | PURSUANT TO ITEMS 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | Massachusetts |
|----------------|-----|-----------------------------------------------------|
| | 7 | SOLE VOTING POWER |
| | | 210,193 shares of Common Stock (See Item 5) |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | SHARED VOTING POWER |
| BENEFICIALLY | | ............ |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | SOLE DISPOSITIVE POWER |
| PERSON | | 210,193 shares of Common Stock (See Item 5) |
| WITH |-----|-----------------------------------------------------|
| | 10 | SHARED DISPOSITIVE POWER |
| | | ............ |
|----------------------------------------------------------------------------|
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 210,193 shares of Common Stock (See Item 5) |
|---------|------------------------------------------------------------------|
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) |
| | EXCLUDES CERTAIN SHARES* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| | |
| | 0.2% |
|---------|------------------------------------------------------------------|
| 14 | TYPE OF REPORTING PERSON* |
| | |
| | EP |
|----------------------------------------------------------------------------|
Page 4 of 13 Pages
<PAGE>
SCHEDULE 13D
Harken Energy Corporation
Amendment No. 12
----------------
This Amendment No. 12 hereby amends the initial Schedule 13D filed on
February 23, 1988, and all amendments thereto.
Item 5. Interest in Securities of the Issuer.
Paragraphs (a), (b), (c) and (e) of Item 5 are amended in their
entirety to read as follows:
(a), (b).
Aeneas is the beneficial owner of 3,780,514 shares of Common Stock,
and, solely for the purpose of Rule 13d-3(d)(1)(i) may be deemed to be the
beneficial owner of 25,000 shares of Common Stock that Aeneas has the right to
purchase, at any time, at a purchase price of $5.625 per share, for a total
beneficial ownership of 3,805,514 shares (approximately 3.2% of the shares of
Common Stock based upon the most recently available filing by the Issuer with
the Securities and Exchange Commission (the "SEC"), including shares of Common
Stock of which Aeneas has the right to acquire beneficial ownership within 60
days).
Harvard is the beneficial owner of 210,193 shares of Common Stock
(approximately 0.2% of the shares of Common Stock based upon the most recently
available filing by the Issuer with the SEC).
HYI is the beneficial owner of 105,116 shares of Common Stock
(approximately 0.1% of the shares of Common Stock based upon the most recently
available filing by the Issuer with the SEC).
Each of Aeneas, Harvard and HYI is the beneficial owner of all of the
shares of Common Stock to which this statement relates held in its name, and
each has sole power to vote and dispose of all of such shares.
To the best of Aeneas's, HYI's and Harvard's knowledge and belief, none
of the executive officers or directors of Aeneas or HYI nor the President,
Fellows or other executive officers of Harvard College beneficially owns any
shares of the Common Stock of the Issuer.
Page 5 of 13 Pages
<PAGE>
(c).
Between March 21, 1997 and October 15, 1997, Aeneas sold 3,153,978
shares of Common Stock of the Issuer in open-market transactions on the American
Stock Exchange. The transaction dates, number of shares sold and prices per
share during that period are as follows:
Shares of
Common Price Per
Date of Transaction Stock Sold Share
- ------------------- ---------- -----
March 21, 1997 7,837 $5.00
March 24, 1997 46,193 $5.00
March 26, 1997 200,812 $5.00
March 27, 1997 97,916 $4.94
March 31, 1997 8,298 $4.94
April 1, 1997 2,305 $4.94
April 2, 1997 1,567 $4.94
April 10, 1997 23,050 $4.94
July 17, 1997 92,200 $6.19
July 22, 1997 507,100 $5.64
July 23, 1997 198,507 $5.94
July 25, 1997 37,065 $5.75
July 28, 1997 243,131 $5.59
July 29, 1997 60,114 $5.76
July 30, 1997 100,959 $5.77
July 31, 1997 69,150 $5.94
August 1, 1997 4,702 $5.94
August 4, 1997 70,072 $5.83
September 4, 1997 461,000 $6.06
October 6, 1997 28,121 $6.50
October 7, 1997 51,263 $6.50
October 10, 1997 553,200 $6.58
October 13, 1997 115,250 $7.15
October 14, 1997 92,108 $7.19
October 15, 1997 82,058 $7.13
All transactions were pursuant to Rule 144 under the Securities Act of
1933, as amended (the "1933 Act").
Page 6 of 13 Pages
<PAGE>
Between March 21, 1997 and October 15, 1997, Harvard sold 177,881
shares of Common Stock of the Issuer in open-market transactions on the American
Stock Exchange. The transaction dates, number of shares sold and prices per
share during that period are as follows:
Shares of
Common Price Per
Date of Transaction Stock Sold Share
- ------------------ ---------- ------
March 21, 1997 442 $5.00
March 24, 1997 2,605 $5.00
March 26, 1997 11,326 $5.00
March 27, 1997 5,522 $4.94
March 31, 1997 468 $4.94
April 1, 1997 130 $4.94
April 2, 1997 88 $4.94
April 10, 1997 1,300 $4.94
July 17, 1997 5,200 $6.19
July 22, 1997 28,600 $5.64
July 23, 1997 11,196 $5.94
July 25, 1997 2,091 $5.75
July 28, 1997 13,712 $5.59
July 29, 1997 3,390 $5.76
July 30, 1997 5,694 $5.77
July 31, 1997 3,900 $5.94
August 1, 1997 265 $5.94
August 4, 1997 3,952 $5.83
September 4, 1997 26,000 $6.06
October 6, 1997 1,586 $6.50
October 7, 1997 2,891 $6.50
October 10, 1997 31,200 $6.58
October 13, 1997 6,500 $7.15
October 14, 1997 5,195 $7.19
October 15, 1997 4,628 $7.13
All transactions were pursuant to Rule 144 under the 1933 Act.
Page 7 of 13 Pages
<PAGE>
Between March 21, 1997 and October 15, 1997, HYI sold 88,941 shares of
Common Stock of the Issuer in open-market transactions on the American Stock
Exchange. The transaction dates, number of shares sold and prices per share
during that period are as follows:
Shares of
Common Price Per
Date of Transaction Stock Sold Share
- ------------------- ---------- --------
March 21, 1997 221 $5.00
March 24, 1997 1,302 $5.00
March 26, 1997 5,662 $5.00
March 27, 1997 2,762 $4.94
March 31, 1997 234 $4.94
April 1, 1997 65 $4.94
April 2, 1997 45 $4.94
April 10, 1997 650 $4.94
July 17, 1997 2,600 $6.19
July 22, 1997 14,300 $5.64
July 23, 1997 5,597 $5.94
July 25, 1997 1,044 $5.75
July 28, 1997 6,857 $5.59
July 29, 1997 1,696 $5.76
July 30, 1997 2,847 $5.77
July 31, 1997 1,950 $5.94
August 1, 1997 133 $5.94
August 4, 1997 1,976 $5.83
September 4, 1997 13,000 $6.06
October 6, 1997 793 $6.50
October 7, 1997 1,446 $6.50
October 10, 1997 15,600 $6.58
October 13, 1997 3,250 $7.15
October 14, 1997 2,597 $7.19
October 15, 1997 2,314 $7.13
All transactions were pursuant to Rule 144 under the 1933 Act.
Except for the transactions described in this Item 5(c), neither
Aeneas, Harvard nor HYI has engaged in any transactions in the Common Stock of
the Issuer during the past 60 days. To the best of Aeneas's, HYI's and Harvard's
knowledge and belief, none of the directors or executive officers of Aeneas, or
HYI nor any of the President, Fellows or other executive officers of Harvard has
engaged in any transactions in the Common Stock of the Issuer during the past 60
days.
Page 8 of 13 Pages
<PAGE>
(e).
This statement is being filed to report the fact that as of July 31,
1997, Aeneas, Harvard and HYI, as a group, ceased to be the beneficial owners of
more than five percent of the class of securities.
Page 9 of 13 Pages
<PAGE>
Exhibit B is hereby amended to read in its entirety as follows:
EXHIBIT B
Directors and Executive Officers
The names of the directors and executive officers and their business
addresses and present principal occupation or employment are set forth below. If
no business address is given, the director's or officer's business address is
c/o Harvard Management Company, Inc., 600 Atlantic Avenue, Boston, Massachusetts
02210.
I. Directors of Aeneas
-------------------
Present Principal
Name Occupation
------- -----------------
Jack R. Meyer President, Harvard Management Company, Inc.
Michael R. Eisenson President and Chief Executive Officer, Harvard
Private Capital Group, Inc.
Tim R. Palmer Managing Director, Harvard Private Capital
Group, Inc.
II. Executive Officers of Aeneas (in addition to those listed above
under (I))
---------------------------------------------------------------
Office/Position
Name with Aeneas
------- ---------------
Michael R. Eisenson President
Verne O. Sedlacek Treasurer
John M. Sallay Vice President
Tami E. Nason Secretary
Kevin J. Tunick Assistant Secretary
Page 10 of 13 Pages
<PAGE>
III. Trustees of HYI
---------------
Present Principal
Name Occupation
------ -----------------
Professor Henry Rosovsky, Chairman Professor, Harvard University
Linda A. Chisolm Associate of Episcopal Colleges
T. Jefferson Coolidge, Jr. Private Investor
Ms. Phyllis D. Collins Trustee, Dillon Fund and the Clarence and
Anne Dillon Dunwalke Trust
Jeremy Knowles Dean of Arts and Sciences,
Harvard University
Dr. David W. Vikner President, United Board for Christian
Higher Education in Asia
Mr. Galen L. Stone Private Investor
IV. Executive Officers of HYI (in addition to those listed under (III))
-------------------------------------------------------------------
Office/Position
Name with HYI
------ ----------------
Tu Weiming Director
Edward J. Baker Assistant Director
V. President and Fellows of Harvard and Other Executive Officers of
Harvard
----------------------------------------------------------------
Office/Position
Name with Harvard
------- ---------------
Neil Rudenstine President
Michael Roberts Secretary
D. Ronald Daniel Treasurer
Hanna H. Gray Fellow
James R. Houghton Fellow
Page 11 of 13 Pages
<PAGE>
Robert G. Stone, Jr. Fellow
Judith Richards Hope Fellow
Richard A. Smith Fellow
Anne Taylor Vice President and General Counsel
Sally Zeckhauser Vice President for Administration
Thomas M. Reardon Vice President for Alumni Affairs and
Development
Elizabeth C. Huidekoper Vice President for Finance
James H. Rowe Vice President for Government, Community
and Public Affairs
Harvey Fineberg Provost
Page 12 of 13 Pages
<PAGE>
Signature
After reasonable inquiry and to the best of her knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: December 11, 1997
AENEAS VENTURE CORPORATION
By: /s/ Tami E. Nason
--------------------
Name: Tami E. Nason
Title: Authorized Signatory
PRESIDENT AND FELLOWS OF HARVARD COLLEGE
By: /s/ Tami E. Nason
--------------------
Name: Tami E. Nason
Title: Attorney-in-fact
HARVARD YENCHING INSTITUTE
By: /s/ Tami E. Nason
--------------------
Name: Tami E. Nason
Title: Attorney-in-fact
Page 13 of 13 Pages
