UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 2
TO
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
COLORADO WYOMING RESERVE COMPANY
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE PER SHARE
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(Title of Class of Securities)
628652109
----------------------
(CUSIP Number)
Kim M. Fuerst With copies to:
President and Patricia M. Mitchell, Esq.
Chief Executive Officer Davis, Graham & Stubbs LLP
c/o Trinity Petroleum Management LLC 370 17th Street, Suite 4700
1801 Broadway, Suite 600 Denver, Colorado 80202
Denver, Colorado 80202 (303) 892-9400
(303) 296-1908
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
May 28, 1999
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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(e)(f) or (g), check the following box |_|.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) 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>
CUSIP No. 628652109 SCHEDULE 13D Page 2 of 5 Pages
----------- --- ---
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John F. Greene
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00 - (See Items 3 and 4)
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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
United States
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NUMBER OF 7 SOLE VOTING POWER
441,303 (See Item 5.)
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER
441,303 (See Item 5.)
REPORTING
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PERSON 10 SHARED DISPOSITIVE POWER
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
441,303 (See Item 5.)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 4.4%, based upon 9,767,694 shares of Common Stock
outstanding as of the date hereof, and giving effect to the
100,000 shares of Common Stock issuable upon exercise of a director
stock option.
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14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
Colorado Wyoming Reserve Company Page 3 of 5 Pages
AMENDMENT NO. 2 TO SCHEDULE 13D June 7, 1999
ITEM 1. SECURITY AND ISSUER.
Shares of Common Stock, par value $.01 per share (the "Shares" or
"Common Stock") of:
Colorado Wyoming Reserve Company
c/o Trinity Petroleum Management, LLC
1801 Broadway, Suite 600
Denver, Colorado 80202
(303) 296-1908
The names and addresses of the principal executive officers of the
Company are as follows:
Name Title Address
---- ----- -------
Kim M. Fuerst President, Treasurer, 1801 Broadway, Ste 600
CEO & CFO Denver, CO 80202
Faisal Chaudhary Secretary 151 Toby Lane
Anaheim Hills, CA 92807
ITEM 2. IDENTITY AND BACKGROUND.
(a) John F. Greene
(b) 1569 Royal Buffalo Drive, Silverthorne, Colorado 80498
(c) Director
(d) Mr. Greene has not, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) Mr. Greene has not, during the last five years, been a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction which resulted in a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) United States citizenship.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On July 16, 1998, Mr. Greene used personal funds in the amount of $12,000.00
to purchase shares of the Company's Common Stock in a private transaction. Mr.
Greene received 12,000
<PAGE>
Colorado Wyoming Reserve Company Page 4 of 5 Pages
AMENDMENT NO. 2 TO SCHEDULE 13D June 7, 1999
shares at that time, with the understanding that if a private placement of
common stock was undertaken by the Company in the future at a price less than
$1.00 per share, the Company would issue additional shares to Mr. Greene so that
his price per share was equal to that paid by investors in the private
placement.
On May 28, 1999, the Company closed a private placement of common stock at a
price of $0.10 per share, issuing 7,060,000 to subscribers in the private
placement for an aggregate offering price of $706,000.00. Pursuant to the
Company's previous agreement with Mr. Greene, therefore, Mr. Greene received an
additional 108,000 shares of common stock, causing his purchase price to equal
$0.10 per share.
ITEM 4. PURPOSE OF TRANSACTION.
This Amendment No. 2 is being filed to report a material decrease in Mr.
Greene's equity ownership in the Company resulting from the closing of the
Company's private placement of common stock on May 28, 1999. At the closing, the
Company was obligated to issue 7,060,000 shares of common stock to investors in
the private placement, and 108,000 additional shares of common stock to Mr.
Greene pursuant to his prior share purchase agreement with the Company.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)-(b) Mr. Greene beneficially owns 441,303 shares of Common Stock,
which includes director stock options to purchase 100,000 shares of
Common Stock, presently exercisable at $0.10 per Share. Mr. Greene's
beneficial ownership represents approximately 4.4 percent of the
Company's outstanding Common Stock. Mr. Greene has sole voting and
dispositive power over such Shares.
(c) Mr. Greene has not been involved in any Share transactions during
the last sixty days.
(d) No other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the
sale of, any Shares.
(e) Mr. Greene ceased to be the beneficial owner of more than five
percent of the Company's outstanding Shares on May 28, 1999.
<PAGE>
Colorado Wyoming Reserve Company Page 5 of 5 Pages
AMENDMENT NO. 2 TO SCHEDULE 13D June 7, 1999
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
There are no contracts, arrangements, understandings or relationships between
Mr. Greene and any other person with respect to any securities of the Company
other than the director stock option referenced above.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A -- Letter Agreement, dated July 16, 1998, between the
Company and John F. Greene.
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.
Dated June 7, 1999 /s/ John F. Greene
------------------------------------------
John F. Greene, Director
<PAGE>
EXHIBIT INDEX TO SCHEDULE 13D
Exhibit A Letter Agreement, dated July 16, 1998, between the Company and
John F. Greene.
JOHN GREENE
P.O. BOX 10,000 #217
SILVERTHORNE, COLORADO 80495
July 16, 1998
Colorado Wyoming Reserve Co.
1801 Broadway, #600
Denver, Colorado 80202
Attn: Michelle Hiller
Gentlemen:
Attached, please find my personal check in the amount of $12,000 for the
purchase from the Company of common stock. It is my understanding that the
number of shares of stock will later be determined and will be based upon the
offering price per share of the Company's impending private placement offer. I
further understand that the shares will carry a restrictive legend and are
purchased for investment purposes.
Yours very truly,
/s/ John Greene
John Greene
Attach.
cc: Faisal Chaudhary
Kim Fuerst
J. Samuel Butler
F. Robert Tiddens
