<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 3)
PrimeEnergy Corporation
-----------------------
(Name of Issuer)
Common Stock (par value $.10 per share)
---------------------------------------
(Title of Class of Securities)
74158E104
---------
(CUSIP Number)
Michael A. Varet, Esq.
Piper Marbury Rudnick & Wolfe LLP
1251 Avenue of the Americas
New York, New York 10020
(212) 835-6250
-------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 1, 2000
-------------------------------------------------------------------------------
(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: [_]
(Continued on following pages)
<PAGE>
CUSIP Number: 74158E104
-----------------
------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only):
Robert de Rothschild
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS
PF
------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
[_]
------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
France
------------------------------------------------------------------------------
(7) SOLE VOTING POWER
NUMBER OF ---
SHARES -----------------------------------------------------------
(8) SHARED VOTING POWER
BENEFICIALLY
---
OWNED BY
-----------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING ---
PERSON -----------------------------------------------------------
(10) SHARED DISPOSITIVE POWER
WITH
---
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
516,361
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [X]
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.3%
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------------
<PAGE>
CUSIP Number: 74158E104
-----------------
------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only):
Amrace Inc.
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS
WC
------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
[_]
------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (USA)
------------------------------------------------------------------------------
(7) SOLE VOTING POWER
NUMBER OF 493,732
SHARES -----------------------------------------------------------
(8) SHARED VOTING POWER
BENEFICIALLY
---
OWNED BY
-----------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 493,732
PERSON -----------------------------------------------------------
(10) SHARED DISPOSITIVE POWER
WITH
---
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
493,732
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.8%
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON
CO
------------------------------------------------------------------------------
<PAGE>
CUSIP Number: 74158E104
-----------------
------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only):
A. Stanley Gluck
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS
OO
------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
------------------------------------------------------------------------------
(7) SOLE VOTING POWER
NUMBER OF ----
SHARES -----------------------------------------------------------
(8) SHARED VOTING POWER
BENEFICIALLY
22,629
OWNED BY
-----------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING ----
PERSON -----------------------------------------------------------
(10) SHARED DISPOSITIVE POWER
WITH
22,629
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,629
------------------------------------------------------------------------------
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON
IN OO
------------------------------------------------------------------------------
<PAGE>
CUSIP Number: 74158E104
-----------------
------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only):
Michael A. Varet
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS
OO
------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
------------------------------------------------------------------------------
(7) SOLE VOTING POWER
NUMBER OF ----
SHARES -----------------------------------------------------------
(8) SHARED VOTING POWER
BENEFICIALLY
22,629
OWNED BY
-----------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING ----
PERSON -----------------------------------------------------------
(10) SHARED DISPOSITIVE POWER
WITH
22,629
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,629
------------------------------------------------------------------------------
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_]
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON
IN OO
------------------------------------------------------------------------------
<PAGE>
Item 1. Security and Issuer.
This Schedule 13-D relates to the Common Stock ($.10 par value) of PrimeEnergy
Corporation ("PEC"). PEC's principal office is located at One Landmark Square,
Stamford, Connecticut 06901.
Item 2. Identity and Background.
This Schedule is being filed on behalf of the group of PEC Common Stockholders
that consists of (i) Amrace Inc., (ii) Robert de Rothschild and (iii) a trust of
which Mr. de Rothschild is the current income beneficiary and Messrs. A. Stanley
Gluck and Michael A. Varet are the trustees. Each of the corporation identified
in clause (i), and the trust referred to in clause (iii), disclaims beneficial
ownership, and power to vote or dispose of, securities the ownership of which is
reported on by any of the other reporting persons or by Mr. de Rothschild.
<TABLE>
<CAPTION>
Name and
Business Criminal Legal
Address Citizenship Occupation Conviction** Proceedings***
-------- ----------- ---------- ---------- -----------
<S> <C> <C> <C> <C>
Amrace Inc. ("Amrace") Delaware Holding No No
1013 Centre Road Company
Wilmington, Delaware 19805-1297
Robert de Rothschild France Investor No No
51st Floor
1251 Avenue of the Americas
New York, New York 10020
A. Stanley Gluck* U.S.A. Executive No No
NC Services Inc.
51st Floor
1251 Avenue of the Americas
New York, New York 10020
Michael A. Varet* U.S.A. Lawyer No No
29th Floor
1251 Avenue of the Americas
New York, New York 10020
</TABLE>
____________________________
* As co-trustee of a trust for the benefit of Robert de Rothschild.
** Response in this column indicates whether or not, during the last five
years, such person has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
*** Response in this column indicates whether or not, during the last five
years, such person was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order
enjoining further
<PAGE>
violations of, or prohibiting or mandating activities subject to, Federal
or State securities laws or finding any violation with respect to such
laws.
The following information is furnished with respect to those reporting
persons which are corporations:
2.1 Amrace Inc.
2.1.1 Directors
2.1.1(a) A. Stanley Gluck
Business Address:
c/o NC Services Inc.
1251 Avenue of the Americas
51st Floor
New York, New York 10020
Principal Occupation:
President
NC Services Inc.
1251 Avenue of the Americas
51st Floor
New York, New York 10020
Ownership of PEC Securities: See cover sheet for
A. Stanley Gluck
Citizenship: U.S.A.
<PAGE>
2.1.1(b) Michael A. Varet
Business Address:
c/o Piper Marbury Rudnick & Wolfe LLP
1251 Avenue of the Americas
29th Floor
New York, New York 10020
Principal occupation:
Lawyer
Piper Marbury Rudnick & Wolfe LLP
1251 Avenue of the Americas
29th Floor
New York, New York 10020
Ownership of PEC Securities: See cover sheet for
Michael A. Varet
Citizenship U.S.A.
2.1.2 Executive Officers
2.1.2(a) A. Stanley Gluck - President (See 2.1.1(a) above)
2.1.2(b) Michael A. Varet - Vice President (See 2.1.1 (b) above)
2.1.3 Control Person
Robert de Rothschild
Business Address:
1251 Avenue of the Americas
51st Floor
New York, New York 10020
Principal Occupation: Private Investor
Ownership of PEC Securities: See cover sheet for Robert de
Rothschild
Citizenship: France
Other Matters. None of Messrs. de Rothschild, Gluck or Varet has during the
past five years (a) been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (b) been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree
<PAGE>
or final order enjoining further violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation
with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
All PEC Common Stock owned by the Reporting Persons was acquired by
purchase utilizing, in the case of Robert de Rothschild his personal funds; in
the case of the previously mentioned trust of which Messrs. Gluck and Varet are
co-trustees, funds constituting the principal of the trust; and, in the case of
Amrace, working capital, except that 293,732 shares of PEC Common Stock now
owned by Amrace were acquired by Amrace as the result of a statutory merger
between Amrace and The American Energy Co., Inc., a New York corporation
("AEC"), effective November 24, 1997, pursuant to which AEC was merged with and
into Amrace with Amrace as the surviving corporation. The 293,732 shares of PEC
Common Stock so acquired by Amrace from AEC were originally acquired by AEC as a
distribution from a joint venture in which it was a participant. No borrowed
funds have been used by any of the Reporting Persons to acquire PEC Common
Stock.
Item 4. Purpose of Transaction.
The original purpose of the Reporting Persons in acquiring the PEC Common
Stock was to hold the stock for investment. This Amendment No. 3 is filed solely
to report a change in ownership position from 11.3% to 12.3% due to a decrease
in PEC's issued and outstanding Common Stock to 4,197,795.
Although the Reporting Persons may develop other plans or proposals in the
future, at present they have no plans or proposals which relate to or would
result in:
(a) The acquisition by any person of additional securities of the issuer,
or the disposition of securities of the issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the issuer or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the issuer or of
any of its subsidiaries;
(d) Any change in the present board of directors or management of the
issuer, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend policy of
the issuer;
(f) Any other material change in the issuer's business or corporate
structure, including but not limited to, if the issuer is a registered closed-
end investment company, any plans or proposals to make any changes in its
investment policy for which a vote is required by Section 13 of the Investment
Company Act of 1940;
<PAGE>
(g) Changes in the issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of the
issuer by any person;
(h) Causing a class of securities of the issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association;
(i) A class of equity securities of the issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
<TABLE>
<CAPTION>
Shares with Sole Shares with
Name of Voting and Shared Voting Total Number
Reporting Dispositive and Dispositive of Shares Total Percent
Person Power Power Owned of Class Owned*
------ ----- ----- ----- ---------------
<S> <C> <C> <C> <C>
Amrace 493,732 -- 493,732 11.8
Robert de
Rothschild -- -- 516,361** 12.3
A. Stanley*** )
Gluck, as Trustee -- 22,629 )
)
Michael A.*** )
Varet, as Trustee -- 22,629 ) 22,629**** 0.5
</TABLE>
None of the Reporting Persons have engaged in any transactions in PEC
Common Stock in the past sixty days.
_____________________________
* Based upon 4,197,795 shares of PEC Common Stock issued and
outstanding on August 30, 2000, as advised by PEC.
** Includes 493,732 shares of PEC Common Stock owned of record by Amrace
and 22,629 shares of PEC Common Stock owned of record by a trust for Mr. de
Rothschild's benefit.
*** Disclaims beneficial ownership of the reported shares.
**** Alfred Hartmann who was reported on the original Schedule 13D as a
co-trustee with Messrs. Gluck and Varet has resigned and no longer serves as a
co-trustee.
<PAGE>
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
There are no contracts, arrangements or understandings among the Reporting
Persons listed in Item 2 either among themselves or with other persons with
respect to any securities of the issuer. The following relationships exist among
such persons: Messrs. Gluck and Varet are co-trustees of a trust for Mr. de
Rothschild's benefit which owns (a) PEC Common Stock and (b) 33-1/3 percent of
the outstanding stock of Amrace, the balance of which stock is owned by Mr. de
Rothschild. Prior to the merger of Amrace and AEC, the shares of outstanding
stock of AEC were owned 33-1/3 percent by such trust and the balance was owned
by Mr. de Rothschild. Mr. Gluck is employed by a subsidiary of a company in
which Mr. de Rothschild and members of his family have an indirect interest.
Because of such relationships the Reporting Persons may be deemed to constitute
a group.
Item 7. Material to be filed as Exhibits.
None.
<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.
Dated: September 20, 2000
AMRACE INC.
By: /s/ A. Stanley Gluck
----------------------------
Name: A. Stanley Gluck
Title: President
/s/ Robert de Rothschild
--------------------------------
Robert de Rothschild
/s/ A. Stanley Gluck
--------------------------------
A. Stanley Gluck
/s/ Michael A. Varet
--------------------------------
Michael A. Varet
