SCHEDULE 13G
Amendment No. 1
Stillwater Mining Company
common stock
Cusip # 86074Q102
Cusip # 86074Q102
Item 1: Reporting Person - FMR Corp.
Item 4: Commonwealth of Massachusetts
Item 5: 1,599,699
Item 6: 0
Item 7: 3,564,079
Item 8: 0
Item 9: 3,916,379
Item 11: 11.265%
Item 12: HC
Cusip # 86074Q102
Item 1: Reporting Person - Edward C. Johnson 3d
Item 4: United States of America
Item 5: 0
Item 6: 0
Item 7: 3,916,379
Item 8: 0
Item 9: 3,916,379
Item 11: 11.265%
Item 12: IN
Cusip # 86074Q102
Item 1: Reporting Person - Abigail P. Johnson
Item 4: United States of America
Item 5: 0
Item 6: 0
Item 7: 3,916,379
Item 8: 0
Item 9: 3,916,379
Item 11: 11.265%
Item 12: IN
Cusip # 86074Q102
Item 1: Reporting Person - Fidelity International Limited
Item 4: Bermuda
Item 5: 294,550
Item 6: 0
Item 7: 352,300
Item 8: 0
Item 9: 3,916,379
Item 11: 11.265%
Item 12: HC
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(c)
Item 1(a). Name of Issuer:
Stillwater Mining Company
Item 1(b). Name of Issuer's Principal Executive Offices:
1200 17th Street, Suite 900
Denver, CO 80202
Item 2(a). Name of Person Filing:
FMR Corp.
Item 2(b). Address or Principal Business Office or, if None, Residence:
82 Devonshire Street, Boston, Massachusetts 02109
Item 2(c). Citizenship:
Not applicable
Item 2(d). Title of Class of Securities:
common stock
Item 2(e). CUSIP Number:
86074Q102
Item 3. This statement is filed pursuant to Rule 13d-1(c).
Not applicable
Item 4. Ownership
(a) Amount Beneficially Owned:
3,916,379
(b) Percent of Class:
11.265%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,894,249
(ii) shared power to vote or to direct the vote:
0
(iii) sole power to dispose or to direct the disposition of:
3,916,379
(iv) shared power to dispose or to direct the disposition of:
0
Item 5. Ownership of Five Percent or Less of a Common Stock.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Various persons have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the
sale of, the common stock of Stillwater Mining Company. No one
person's interest in the common stock of Stillwater Mining
Company is more than five percent of the total outstanding
common stock.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
See attached Exhibit(s) A, B, and C.
Item 8. Identification and Classification of Members of the Group.
Not Applicable. See attached Exhibit A.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose
or effect.
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
Schedule 13G in connection with FMR Corp.'s beneficial
ownership of the common stock of Stillwater Mining Company at
March 24, 1999 is true, complete and correct.
March 24, 1999
Date
Signature
/s/Lena G. Goldberg
Lena G. Goldberg
V.P. and General Counsel - FMR
Corp.
Duly authorized under Powers
of Attorney dated March 19,
1999 by Eric D. Roiter.
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(c)
Pursuant to the instructions in Item 7 of Schedule 13G, Fidelity
Management & Research Company ("Fidelity"), 82 Devonshire Street, Boston,
Massachusetts 02109, a wholly-owned subsidiary of FMR Corp. and an investment
adviser registered under Section 203 of the Investment Advisers Act of 1940,
is the beneficial owner of 1,847,080 shares or 5.312% of the common stock
outstanding of Company ("the Company") as a result of acting as investment
adviser to various investment companies (the "funds") registered under Section
8 of the Investment Company Act of 1940. The number of shares of common stock
of Stillwater Mining Company owned by the investment companies at March 24,
1999 included 265,805 shares of common stock resulting from the assumed
conversion of $4,750,000 principal amount of the 7% Convertible Corporate Bond
5/01/03 (55.9597 shares of common stock for each $1000 principal amount of the
convertible corporate bond).
Edward C. Johnson 3d, FMR Corp., through its control of Fidelity, and the
funds collectively each has sole power to dispose of the 1,847,080 shares
owned by the Funds.
Neither FMR Corp. nor Edward C. Johnson 3d, Chairman of FMR Corp., has
the sole power to vote or direct the voting of the shares owned directly by
the funds, which power resides with the funds' Boards of Trustees. Fidelity
carries out the voting of the shares under written guidelines established by
the funds' Boards of Trustees.
Fidelity Management Trust Company, 82 Devonshire Street, Boston,
Massachusetts 02109, a wholly-owned subsidiary of FMR Corp. and a bank as
defined in Section 3(a)(6) of the Securities Exchange Act of 1934, is the
beneficial owner of 1,716,999 shares or 4.938% of the common stock outstanding
of the Company as a result of its serving as investment manager of the
institutional account(s).
Edward C. Johnson 3d and FMR Corp., through its control of Fidelity
Management Trust Company, each has sole dispositive power over 1,716,999
shares and sole power to vote or to direct the voting of 1,599,699 shares.
Members of the Edward C. Johnson 3d family are the predominant owners of
Class B shares of common stock of FMR Corp., representing approximately 49% of
the voting power of FMR Corp. Mr. Johnson 3d owns 12.0% and Abigail Johnson
owns 24.5% of the aggregate outstanding voting stock of FMR Corp. Mr. Johnson
3d is Chairman of FMR Corp. and Abigail P. Johnson is a Director of FMR Corp.
The Johnson family group and all other Class B shareholders have entered into
a shareholders' voting agreement under which all Class B shares will be voted
in accordance with the majority vote of Class B shares. Accordingly, through
their ownership of voting common stock and the execution of the shareholders'
voting agreement, members of the Johnson family may be deemed, under the
Investment Company Act of 1940, to form a controlling group with respect to
FMR Corp.
Fidelity International Limited, Pembroke Hall, 42 Crowlane, Hamilton,
Bermuda, and various foreign-based subsidiaries provide investment advisory
and management services to a number of non-U.S. investment companies and
certain institutional investors. Fidelity International Limited is the
beneficial owner of 352,300 shares or 1.013% of the common stock outstanding
of the Company. Additional information with respect to the beneficial
ownership of Fidelity International Limited is shown on Exhibit B.
EXHIBIT to SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(c)
Pursuant to instructions in Item 7 of Schedule 13G, this Exhibit has been
prepared to identify Fidelity International Limited, Pembroke Hall, 42 Crow
Lane, Hamilton, Bermuda, a Bermudan joint stock company incorporated for an
unlimited duration by private act of the Bermuda Legislature (FIL) and an
investment adviser to various investment companies (the "International Funds")
and certain institutional investors, as a beneficial owner of the 352,300
shares or 1.013% of the common stock outstanding of Stillwater Mining Company.
Prior to June 30, 1980, FIL was a majority-owned subsidiary of Fidelity
Management & Research Company (Fidelity), a wholly-owned subsidiary of FMR
Corp. On that date, the shares of FIL held by Fidelity were distributed, as a
dividend, to the shareholders of FMR Corp. FIL currently operates as an
entity independent of FMR Corp. and Fidelity. The International Funds and
FIL's other clients, with the exception of Fidelity and an affiliated company
of Fidelity, are non-U.S. entities.
A partnership controlled by Edward C. Johnson 3d and members of his
family owns shares of FIL voting stock with the right to cast approximately
39.89% of the total votes which may be cast by all holders of FIL voting
stock. Mr. Johnson 3d is Chairman of FMR Corp. and FIL. FMR Corp. and FIL
are separate and independent corporate entities, and their Boards of Directors
are generally composed of different individuals. Other than when one serves
as a sub adviser to the other, their investment decisions are made
independently, and their clients are generally different organizations.
FMR Corp. and FIL are of the view that they are not acting as a "group"
for purposes of Section 13(d) under the Securities Exchange Act of 1934 (the
"1934" Act) and that they are not otherwise required to attribute to each
other the "beneficial ownership" of securities "beneficially owned" by the
other corporation within the meaning of Rule 13d-3 promulgated under the 1934
Act. Therefore, they are of the view that the shares held by the other
corporation need not be aggregated for purposes of Section 13(d). However, FMR
Corp. is making this filing on a voluntary basis as if all of the shares are
beneficially owned by FMR Corp. and FIL on a joint basis.
FIL has sole dispositive power over 352,300 shares owned by the
International Funds. FIL has sole power to vote or direct the voting of
294,550 shares of common stock held by the International Funds as reported
above.
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(c)
RULE 13d-1(f)(1) AGREEMENT
The undersigned persons, on March 24, 1999, agree and consent to the
joint filing on their behalf of this Schedule 13G in connection with their
beneficial ownership of the common stock of Stillwater Mining Company at March
24, 1999.
FMR Corp.
By /s/Lena G. Goldberg
Lena G. Goldberg
V.P. and General Counsel - FMR Corp.
Duly authorized under Powers of Attorney
dated March 19, 1999 by Eric D. Roiter.
Edward C. Johnson 3d
By /s/Lena G. Goldberg
Lena G. Goldberg
V.P. and General Counsel - FMR Corp.
Duly authorized under Powers of Attorney
dated March 19, 1999 by Eric D. Roiter.
Abigail P. Johnson
By /s/Lena G. Goldberg
Lena G. Goldberg
V.P. and General Counsel - FMR Corp.
Duly authorized under Powers of Attorney
dated March 19, 1999 by Eric D. Roiter.
Fidelity Management & Research Company
By /s/Lena G. Goldberg
Lena G. Goldberg
V.P. and General Counsel - FMR Corp.
