SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
FOREST OIL CORPORATION
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(Name of Issuer)
COMMON STOCK, $.10 PAR VALUE
----------------------------------------
(Title of Class of Securities)
346091606
-----------------------
(CUSIP Number)
Craig D. Slater Drake S. Tempest, Esq.
The Anschutz Corporation O'Melveny & Myers LLP
2400 Anaconda Tower The Citicorp Center
555 Seventeenth Street 153 East 53rd Street, 54th Floor
Denver, Colorado 80202 New York, New York 10022-4611
(303) 298-1000 (212) 326-2000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
AUGUST 28, 1997
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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
[ ]
Note: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
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* 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).
CUSIP Number 346091606
------------
<PAGE>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Anschutz Corporation
84-0511138
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Kansas
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH REPORT- 11,134,888
ING PERSON ------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
------------------------------------
10 SHARED DISPOSITIVE POWER
11,134,888
------------------------------------
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,130,888
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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)
33.95%
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14 TYPE OF REPORTING PERSON
CO
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Page 2 of 6 Pages
<PAGE>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Anschutz Company
84-1179412
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH REPORT- 11,134,888
ING PERSON ------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
------------------------------------
10 SHARED DISPOSITIVE POWER
11,134,888
------------------------------------
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,134,888
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.95%
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14 TYPE OF REPORTING PERSON
CO
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Page 3 of 6 Pages
<PAGE>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Philip F. Anschutz
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 7 SOLE VOTING POWER
SHARES 1,587
BENEFICIALLY ----------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH REPORT- 11,134,888
ING PERSON ----------------------------------
WITH 9 SOLE DISPOSITIVE POWER
1,587
----------------------------------
10 SHARED DISPOSITIVE POWER
11,134,888
----------------------------------
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,136,475
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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)
33.96%
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14 TYPE OF REPORTING PERSON
IN
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Page 4 of 6 Pages
<PAGE>
This Amendment No. 5 to Schedule 13D (the "SCHEDULE 13D"), which was
filed on May 26, 1995 by The Anschutz Corporation ("TAC"), Anschutz Company
("AC") and Philip F. Anschutz ("ANSCHUTZ"), and which relates to shares of
Common Stock, par value $.10 per share ("COMMON STOCK"), of Forest Oil
Corporation (the "COMPANY"), as amended by Amendment No. 1, which was filed on
July 28, 1995 (the "AMENDMENT NO. 1"), as further amended by Amendment No. 2,
which was filed on February 7, 1996 (the "AMENDMENT NO. 2"), as further amended
by Amendment No. 3, which was filed on August 5, 1996 (the "AMENDMENT NO. 3"),
as further amended by Amendment No. 4, as filed on November 8, 1996 (the
"AMENDMENT NO. 4"), hereby further amends Items 3, 4 and 5 of the Schedule 13D.
Unless otherwise indicated, all capitalized terms used but not defined herein
shall have the same meaning as set forth in the Schedule 13D, as so amended.
This Amendment No. 3 reflects TAC's belief that the number of shares
of Common Stock outstanding on June 30, 1997 was 32,797,662 shares.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The information previously furnished in response to this item is
amended to read as follows:
Funds used to exercise the Tranche A Warrant in full, at a purchase
price of $8.60 per share or $30,100,000 in the aggregate, as described in the
response to Item 4 of this Amendment No. 5, were provided by cash and short-term
investments of TAC.
ITEM 4. PURPOSE OF TRANSACTION
The information previously furnished in response to this item is
amended to add the following:
On May 14, 1997, the Company issued to Anschutz 753 shares of Common
Stock as a non-discretionary grant to a non-employee director pursuant to the
Forest Oil Corporation Stock Incentive Plan, as amended and restated as of March
22, 1996 and approved by the shareholders of the Company on May 8, 1996 and May
14, 1997. The price at which the shares were issued was $13.2875 per share.
On August 28, 1997, TAC exercised its rights under the Tranche A
Warrant to cause the issuance and delivery by the Company to TAC of 3,500,000
Tranche A Warrant Shares pursuant to the exercise in full of the Tranche A
Warrant. The price at which the shares were issued was $8.60 per share.
Page 5 of 6 Pages
<PAGE>
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
The information previously furnished in response to this item is
amended to read as follows:
After giving effect to the transactions described in the response to
Item 4 of this Amendment No. 5:
(i) TAC is the direct owner, and AC and Anschutz are
indirect beneficial owners, of 11,130,888 shares of Common Stock; and
(ii) Anschutz is the direct owner of 1,587 shares of Common
Stock,
which 11,136,475 shares of Common Stock in the aggregate that are directly owned
by TAC or Anschutz, as the case may be, are approximately 33.96% of the shares
of Common Stock that were outstanding on June 30, 1997 after giving effect to
the issuance of 3,500,000 shares of Common Stock upon the exercise of the
Tranche A Warrant.
TAC and its affiliates, including, without limitation, AC and
Anschutz, are subject to certain restrictions on the voting, acquisition and
disposition of shares of Common Stock and other equity securities of the
Company. Reference is made to Item 4 of the Schedule 13D, as amended by
Amendment Nos. 1 and 2, for a summary of such restrictions, as well as to the
Shareholders Agreement attached as Exhibit 5 to Amendment No. 1 and First
Amendment to Shareholders Agreement attached as Exhibit 6 to Amendment No. 2,
pursuant to which such restrictions have been imposed.
Page 6 of 6 Pages
<PAGE>
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.
AUGUST 28, 1997
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Date
THE ANSCHUTZ CORPORATION
By /s/ PHILIP F. ANSCHUTZ
--------------------------------------
Philip F. Anschutz, Chairman
S-1
<PAGE>
SIGNATURE
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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.
AUGUST 28, 1997
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Date
ANSCHUTZ COMPANY
By /s/ PHILIP F. ANSCHUTZ
--------------------------------------
Philip F. Anschutz, Chairman
S-2
<PAGE>
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.
AUGUST 28, 1997
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Date
By /s/ PHILIP F. ANSCHUTZ
--------------------------------------
Philip F. Anschutz
S-3
