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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
ENERGY SERVICES COMPANY, INC.
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(Name of Issuer)
Common Stock, par value $.10 per share
--------------------------------------
(Title of Class of Securities)
292 719 408
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(CUSIP Number)
David J. Greenwald, Esq.
Goldman, Sachs & Co.
85 Broad Street
New York, New York 10004
(212) 902-1000
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(Name, address and telephone number of person authorized
to receive notices and communications)
August 17, 1994
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(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 this statement: ____
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- -----------
CUSIP NO.
292 719 408
- -----------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Goldman Sachs Group, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
-----
(b) X
-----
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
00
- --------------------------------------------------------------------------------
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
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Number of 7 Sole Voting Power
Shares
Beneficially 2,578,467
Owned By -----------------------------
Each 8 Shared Voting Power
Reporting
Person With 199,510
-----------------------------
9 Sole Dispositive Power
2,578,467
-----------------------------
10 Shared Dispositive Power
199,510
-----------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,777,977
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [_]
- --------------------------------------------------------------------------------
13. Percent of Class Representing by Amount in Row (11)
4.9%
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14. Type of Reporting Person
HC-PN
- --------------------------------------------------------------------------------
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This Amendment No. 3 amends the Statement on Schedule 13D dated October 15,
1993 (as amended, the "Schedule 13D") filed by The Goldman Sachs Group, L.P.
("GS Group"), relating to the Common Stock, par value $.10 per share (the
"Common Stock"), of Energy Services Company, Inc., a Delaware corporation (the
"Company"). All capitalized terms not otherwise defined herein shall have the
meanings ascribed thereto in the Schedule 13D.
All share numbers reflect a one-for-four reverse stock split effected on
June 1, 1994.
Item 5. Interest in Securities of the Issuer.
-------------------------------------
(a) GS Group has decreased its beneficial ownership of the Common Stock to
2,777,977 shares, or approximately 4.9% of the outstanding shares of Common
Stock. The percentage of shares of Common Stock beneficially owned by GS
Group is based on the number of shares of Common Stock outstanding as
reported in the Company's Quarterly Report on Form 10-Q for the fiscal
quarter ended June 30, 1994.
(c) See Schedule I for transactions that have occurred during the past sixty
days prior to the filing of this Statement. The transactions reported were
effected on the American Stock Exchange.
The total consideration (exclusive of commissions) for shares of Common
Stock purchased was $2,454,235.10.
(e) GS Group ceased to be the beneficial owner of more than five percent of the
securities reported herein as of August 17, 1994.
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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.
THE GOLDMAN SACHS GROUP, L.P.
/S/ Richard A. Friedman
By:__________________________________
Name: Richard A. Friedman
Title: General Partner
September 23, 1994
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SCHEDULE I
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<TABLE>
<CAPTION>
Date Shares Purchased Shares Sold Price
- --------- ---------------- ----------- ------
<S> <C> <C> <C>
8/18/94 37,100 15.875
9/15/94 9,200 15.500
8/19/94 31,800 15.788
9/9/94 18,500 15.375
9/13/94 36,200 15.500
7/25/94 3,900 18.500
8/12/94 8,600 15.500
9/7/94 1,900 15.625
9/13/94 2,500 15.500
9/15/94 800 15.625
9/16/94 10,300 15.625
9/12/94 3,000 15.250
9/16/94 1,200 16.000
8/30/94 190,000 15.125
8/31/94 2,100 15.250
8/30/94 1,000 15.000
</TABLE>
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