UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Forest Oil Corporation
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(Name of Issuer)
Common Stock, par value $.10 par value
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(Title of Class of Securities)
346091 101
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(CUSIP Number)
William D. Corneliuson
777 E. Wisconsin Avenue, Suite 3020
Milwaukee, Wisconsin 53202
(414) 352-6545
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
6/15/93
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(Date of Event which Requires Filing of this Statement)
*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).
SCHEDULE 13D
CUSIP No. 346091 101
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William D. Corneliuson
2 n/a
3 SEC USE ONLY
4 SOURCE OF FUNDS
PF
5 n/a
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7 n/a
8 SHARED VOTING POWER
130,500
9 n/a
10 SHARED DISPOSITIVE POWER
130,500
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
130,500
12 n/a
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW(11)
.37%
14 TYPE OF REPORTING PERSON
IN
SCHEDULE 13D
CUSIP No. 346091 101
---------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Leslie C. Corneliuson
2 n/a
3 SEC USE ONLY
4 SOURCE OF FUNDS
PF
5 n/a
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7 n/a
8 SHARED VOTING POWER
130,500
9 n/a
10 SHARED DISPOSITIVE POWER
130,500
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
130,500
12 n/a
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW(11)
.37%
14 TYPE OF REPORTING PERSON
IN
ITEM 1. SECURITY AND ISSUER
The title of the class of equity securities to which
this statement relates is Common Stock, par value $.10 per share
(the "Common Stock").
The name and address of the principal executive
offices of the issuer of the Common Stock is Forest Oil
Corporation (the "Company"), 1500 Colorado National Building, 950
17th Street, Denver, Colorado 80202.
ITEM 2. IDENTITY AND BACKGROUND
The following information is provided for each
reporting person:
(a) Name. This Schedule 13D is filed for William D.
Corneliuson and Leslie C. Corneliuson.
(b) Address. The address for each of the reporting
persons is 777 East Wisconsin Avenue, Suite 3020, Milwaukee,
WI 53202.
(c) Principal Occupation and Employment. The
principal employment and occupation of William C.
Corneliuson and Leslie C. Corneliuson is President and
Treasurer and Vice President and Secretary, respectively, of
B.C. Holdings, Inc., an investment advisory and consulting
firm. Mr. Corneliuson was formerly a principal, officer and
portfolio manager of Strong/Corneliuson Capital Management,
Inc. ("SCCM"), a registered investment adviser.
(d) Criminal Proceedings. None.
(e) Civil Proceedings. None.
(f) Citizenship. Both William C. Corneliuson and
Leslie C. Corneliuson are United States citizens.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
All shares reported hereby were acquired with personal
funds of William C. Corneliuson and Leslie C. Corneliuson.
ITEM 4. PURPOSE OF TRANSACTION.
William C. Corneliuson and Leslie C. Corneliuson
acquired the shares reported hereby for investment purposes.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Number of Shares/Percentage of Class Beneficially
Owned. William C. Corneliuson and Leslie C. Corneliuson own
beneficially 130,500 shares of the Company's Common Stock
(including 28,000 shares of Common Stock which may be
acquired upon conversion of 8,000 shares of the Company's
$.75 Convertible Preferred Stock, par value $.01 per share
(the "Convertible Preferred")) or approximately .37% of the
outstanding shares of Common Stock (based on 27,697,450
shares of Common Stock, consisting of (i) 27,669,450 shares
of Common Stock outstanding as indicated in the Company's
Quarterly Report on Form 10-Q for the fiscal Quarter ended
September 30, 1993 and (ii) 28,000 shares of Common Stock
which could be acquired upon the conversion of 8,000 shares
of Convertible Preferred and are deemed outstanding pursuant
to Rule 13d-3(d)(l)(i)).
(b) Nature of Ownership. With respect to William D.
Corneliuson, he beneficially owns (i) no shares of Common
Stock with sole voting power, (ii) 130,500 shares of Common
Stock with shared voting power (as to which all such power
is shared with Leslie C. Corneliuson), (iii) no shares of
Common Stock with sole dispositive power, and (iv) 130,500
shares of Common Stock with shared dispositive power (as to
which all such power is shared with Leslie C. Corneliuson).
With respect to Leslie C. Corneliuson, she beneficially owns
(i) no shares of Common Stock with sole voting power, (ii)
130,500 shares of Common Stock with shared voting power (as
to which all such power is shared with William D.
Corneliuson), (iii) no shares of Common Stock with sole
dispositive power, and (iv) 130,500 shares of Common Stock
with shared dispositive power (as to which all such power is
shared with William D. Corneliuson).
(c) Recent Transactions. The following is a list of
all transactions in the Company's Common Stock and
Convertible Preferred by William D. Corneliuson and Leslie
C. Corneliuson within the 60 days preceding the date of this
Schedule 13D:
Price Per
Date Number of Shares Share
---- ---------------- ---------
Common Stock Purchases
----------------------
12/27/93 15,000 $3.75
12/28/93 15,000 3.94
12/28/93 35,000 3.94
12/28/93 7,500 3.94
12/29/93 15,000 4.44
12/30/93 7,500 4.50
12/30/93 7,500 4.37
Convertible Preferred Purchases
-------------------------------
12/27/93 4,000 $14.12
12/28/93 4,000 14.97
All shares of Common Stock and Convertible Preferred were
purchased through NASDAQ/NMS.
(d) Rights to Dividends or Proceeds. None.
(e) Date No Longer Beneficial 5% Owner. On June 15,
1993, Forest Oil Corporation issued 11,080,000 shares of its
Common Stock and, on such date, William D. Corneliuson and
Leslie C. Corneliuson ceased to be beneficial owners of 5%
or more of such Common Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF ISSUER.
William D. Corneliuson and Leslie C. Corneliuson are
spouses and the shares of Common Stock specified herein are held
in their joint securities account.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
(a) Agreement dated April 5, 1993 between William D.
Corneliuson and Leslie C. Corneliuson pursuant to Rule 13d-1(f)(1)
under the Securities Exchange Act of 1934 (incorporated by
reference to the Schedule 13D filed by William D. Corneliuson and
Leslie C. Corneliuson with the Commission on April 7, 1993).
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.
January 31, 1994 /s/ William D. Corneliuson
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Date William D. Corneliuson*
William D. and Leslie C. Corneliuson
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Name/Title
*Pursuant to authority granted in Agreement incorporated by
reference to Exhibits.
