DAWSON GEOPHYSICAL CO
SC 13D/A, 1999-04-29
OIL & GAS FIELD EXPLORATION SERVICES
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<PAGE>   1
                             --------------------

                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                             --------------------
                                      
                                 SCHEDULE 13D
                                      
                  Under the Securities Exchange Act of 1934

                              (Amendment No. 4)
                                      

                          DAWSON GEOPHYSICAL COMPANY
                                (Name of Issuer)

                             --------------------


                       COMMON STOCK, $.33 1/3 PAR VALUE
                         (Title of Class of Securities)

                             --------------------

                                 239359 10 2
                                (CUSIP Number)

                          MR. RICHARD E. BLOHM, JR.
                            1415 LOUISIANA STREET
                             HOUSTON, TEXAS 77002
                                (713) 739-6500
                     (Name, Address and Telephone Number
                   of Person Authorized to Receive Notices
                             and Communications)

                               with a copy to:

                             MR. JOHN R. BRANTLEY
                        BRACEWELL & PATTERSON, L.L.P.
                       711 LOUISIANA STREET, SUITE 2900
                             HOUSTON, TEXAS 77002
                                 713-223-2900

                             --------------------

                                APRIL 28, 1999
            (Date of Event which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report 
this acquisition that is the subject of this Schedule 13D, and is filing this 
schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the 
following box:  [ ]

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.


                             --------------------


                              PAGE 1 OF 7 PAGES
<PAGE>   2

CUSIP NO. 239359 10 2                                         PAGE 2 OF 7 PAGES
          -----------

                       AMENDMENT NO. 4 TO SCHEDULE 13D
- --------------------------------------------------------------------------------
 
1   NAME OF REPORTING PERSON;
    S.S. OR I.R.S. IDENTIFICATION NO. 

    Pebbleton Corporation N.V.
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) [ ]
    (b) [ ]
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   SOURCE OF FUNDS

    WC
- --------------------------------------------------------------------------------
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
    TO ITEM 2(d) OR 2(e)

    [ ]
- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION


    Netherlands Antilles
- --------------------------------------------------------------------------------
7   SOLE VOTING POWER

    0
- --------------------------------------------------------------------------------
8   SHARED VOTING POWER
   
    753,900
- --------------------------------------------------------------------------------
9   SOLE DISPOSITIVE POWER

    0
- --------------------------------------------------------------------------------
10  SHARED DISPOSITIVE POWER

    753,900
- --------------------------------------------------------------------------------
11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    753,900
- --------------------------------------------------------------------------------
12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 
    CERTAIN SHARES

    [ ]
- --------------------------------------------------------------------------------
13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    13.95%
- --------------------------------------------------------------------------------
14  TYPE OF REPORTING PERSON

    CO
- --------------------------------------------------------------------------------

<PAGE>   3

CUSIP NO. 239359 10 2                                         PAGE 3 OF 7 PAGES
          -----------

                       AMENDMENT NO. 4 TO SCHEDULE 13D
- --------------------------------------------------------------------------------
 
1   NAME OF REPORTING PERSON;
    S.S. OR I.R.S. IDENTIFICATION NO. 

    Issam M. Fares
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) [ ]
    (b) [ ]
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   SOURCE OF FUNDS

    AF
- --------------------------------------------------------------------------------
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
    TO ITEM 2(d) OR 2(e)  

    [ ]
- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION


    Lebanese
- --------------------------------------------------------------------------------
7   SOLE VOTING POWER

    0
- --------------------------------------------------------------------------------
8   SHARED VOTING POWER
   
    753,900
- --------------------------------------------------------------------------------
9   SOLE DISPOSITIVE POWER

    0
- --------------------------------------------------------------------------------
10  SHARED DISPOSITIVE POWER

    753,900
- --------------------------------------------------------------------------------
11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    753,900
- --------------------------------------------------------------------------------
12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 
    CERTAIN SHARES

    [ ]
- --------------------------------------------------------------------------------
13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    13.95%
- --------------------------------------------------------------------------------
14  TYPE OF REPORTING PERSON

    IN
- --------------------------------------------------------------------------------

<PAGE>   4
                                                               PAGE 4 OR 7 PAGES

                                  SCHEDULE 13D
                                AMENDMENT NO. 4

     Unless otherwise defined or indicated in this Amendment No. 4, capitalized 
terms which are used herein and are defined in the Schedule 13D filed October 
16, 1998, as heretofore amended ("Original 13D"), shall have the meanings 
assigned to them in the Original 13D. All information herein with respect to 
Dawson Geophysical Company, a Texas corporation, is to the best knowledge and 
belief of the Reporting Persons, as defined herein.

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.

        (a)  As set forth herein, Pebbleton owns 753,900 shares of Common Stock 
of the Issuer, which represents approximately 13.95% of the outstanding Common 
Stock (based on the number of shares of Common Stock outstanding as of December 
31, 1998, as represented by the Issuer in its Form 10-Q for the quarter ended 
December 31, 1998, as filed with the Securities and Exchange Commission on 
February 8, 1999). See Item 4.

        (b)  Mr. Fares may be deemed to beneficially own and thereby share 
voting and dispositive power over the shares of Common Stock described herein 
which are held by Pebbleton. See Item 2.

        (c)  Set forth in Exhibit A to this Amendment No. 4 is a list of all
transactions effected in the Issuer's Common Stock within the past sixty (60)
days, including (i) the identity of the person effecting transactions in the
Issuer's Common Stock; (ii) the date of the transaction; (iii) the amount of
securities involved; (iv) the price per share of Common Stock; and (v) where and
how the transaction was effected. Other than the transactions described herein,
none of the Reporting Persons nor to the knowledge of the Reporting Persons, any
of their officers or directors, has effected any transactions in the Common
Stock during the preceding sixty days.

ITEM 7.  MATERIAL TO BE FILED AS EXHIBITS.

         Exhibit A   Transactions in the Common Stock 
<PAGE>   5
                                                               PAGE 5 OF 7 PAGES

                                   SIGNATURES

     After reasonable inquiry and to the best of the undersigned's knowledge 
and belief, each of the undersigned hereby certifies that the information set 
forth in this statement is true, complete and correct.

Dated: April 29, 1999                 PEBBLETON CORPORATION N.V.
                                      By: Issam M. Fares, Managing Director



                                      By: /s/ Richard E. Blohm, Jr.
                                         -----------------------------------
                                          Richard E. Blohm, Jr.
                                          Attorney in Fact


Dated: April 29, 1999                 Issam M. Fares


                                      By: /s/ Richard E. Blohm, Jr.
                                         -----------------------------------
                                          Richard E. Blohm, Jr.
                                          Attorney in Fact
<PAGE>   6
                                                               PAGE 6 OF 7 PAGES

                               INDEX TO EXHIBITS

<TABLE>
<CAPTION>
EXHIBIT
NUMBER         DESCRIPTION
- -------        -----------
<S>            <C>
Exhibit A      Transactions in the Common Stock
</TABLE>

<PAGE>   1
                                                               PAGE 7 OF 7 PAGES


                                   EXHIBIT A
                        TRANSACTIONS IN THE COMMON STOCK

     With respect to the transactions set forth below, all purchases were made 
by Pebbleton Corporation N.V. and were effected on The Nasdaq Stock Market, 
Inc., the exchange on which the shares of Common Stock of Dawson Geophysical 
Company are traded during the 60 days prior to the filing of this Amendment No. 
4.

<TABLE>
<CAPTION>
      DATE OF PURCHASE                   NUMBER OF SHARES        PRICE PER SHARE
                                            PURCHASED                  ($)
<S>                                      <C>                     <C>
          04/26/99                           3,000                   9.8725
                                             1,500                   9.9375
                                             2,500                  10.0000
                                             -----
                                             7,000

          04/27/99                           7,000                  10.0000

          04/28/99                          95,000                  10.0000
</TABLE> 


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