UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
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PREMIER PARKS INC.
(Name of Issuer)
Common Stock, $.05 par value
(Title of Class of Securities)
886506
(CUSIP Number)
--------------------------------
Paul A. Biddelman
Hanseatic Corporation
450 Park Avenue, Suite 2302
New York, New York 10022
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
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November 10, 1997
(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.
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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.
*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>
<PAGE>
CUSIP NO. 886506
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hanseatic Corporation
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
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(b)
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3 SEC USE ONLY
4 SOURCE OF FUNDS*
Not applicable
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 OR ORGANIZATION
New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
2,657,071
8 SHARED VOTING POWER
--
9 SOLE DISPOSITIVE POWER
2,657,071
10 SHARED DISPOSITIVE POWER
--
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,657,071
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
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<PAGE>
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.5% (see footnote 1)
14 TYPE OF REPORTING PERSON*
CO
- -----------------
(1) Based upon an aggregate of 18,300,672 shares outstanding, as
reported in the issuer's most recent Quarterly Report on Form
10-Q.
<PAGE>
<PAGE>
CUSIP NO. 886506
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wolfgang Traber
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
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(b)
-----
3 SEC USE ONLY
4 SOURCE OF FUNDS*
Not applicable
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
-----
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Germany
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
--
8 SHARED VOTING POWER
2,657,071 (see footnote 1)
9 SOLE DISPOSITIVE POWER
--
10 SHARED DISPOSITIVE POWER
2,657,071 (see footnote 1)
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,657,071 (see footnote 1)
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
-----
<PAGE>
<PAGE>
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.5% (see footnote 2)
14 TYPE OF REPORTING PERSON*
IN
- ---------------
(1) Represents shares beneficially owned by Hanseatic Corporation;
Wolfgang Traber holds in excess of a majority of the shares of
capital stock of Hanseatic Corporation.
(2) Based upon an aggregate of 18,300,672 shares outstanding, as
reported in the issuer's most recent Quarterly Report on Form
10-Q.
<PAGE>
<PAGE>
INTRODUCTORY STATEMENT
Pursuant to Reg. Section 240.13d-2, this Amendment No. 7 to
Schedule 13D discloses changes in the Statement on Schedule 13D
dated October 30, 1992, as amended by Amendment No. 1 thereto dated
March 8, 1993, Amendment No. 2 thereto dated July 28, 1993,
Amendment No. 3 thereto dated October 12, 1994, Amendment No. 4
thereto dated August 15, 1995, Amendment No. 5 thereto dated March
11, 1996 and Amendment No. 6 thereto dated June 4, 1996 (together,
the "Amended Statement on Schedule 13D"), filed jointly by
Hanseatic Corporation ("the "Stockholder") and Wolfgang Traber
("Traber"), and therefore does not restate the items therein in
their entirety.
Item 1. Security and Issuer.
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This statement relates to shares of the common stock, $.05 par
value (the "Common Stock"), of Premier Parks Inc., a Delaware
corporation (the "Corporation"). The principal executive offices of
the Corporation are located at 11501 Northeast Expressway, Oklahoma
City, OK 73131.
Item 2. Identity and Background.
-----------------------
This statement is filed jointly, pursuant to Rule 13d-1(f)(1),
by the Stockholder and by Traber, who holds in excess of a majority
of the shares of capital stock of the Stockholder. The Stockholder,
whose principal business is investing, has its principal business
and offices at 450 Park Avenue, Suite 2302, New York, New York
10022. The names, citizenship,business or residence address and
principal occupation of Traber and of each executive officer and
director of the Stockholder is set forth in Annex 1 attached
hereto, which information is incorporated herein by reference. No
person or entity responding hereunder shall be responsible for the
completeness or accuracy of any information contained herein with
respect to any other person or entity.
During the last five years, neither the Stockholder nor
Traber, nor to the best of the knowledge of the Stockholder, any
executive officer, director or controlling person of the
Stockholder identified in Annex 1, has (a) been convicted in a
criminal proceeding (excluding traffic violations and 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 which it or he was or is subject to a judgment, decree
or final order enjoining future violation of, or prohibiting or
mandating activities subject to, federal or state securities laws
or finding any violations with respect to such laws.
<PAGE>
<PAGE>
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) As of December 5, 1997, the Stockholder beneficially
owned, for purposes of Rule 13d-3 under the Exchange Act, 2,657,071
shares of Common Stock, constituting, to the best of the knowledge
of the Stockholder, 14.5% of the issued and outstanding shares of
Common Stock. The foregoing calculation is based upon an aggregate
of 18,300,672 shares of Common Stock outstanding, as reported in
the Corporation's most recent Quarterly Report on Form 10-Q.
Traber holds in excess of a majority of the shares of capital
stock of the Stockholder and, accordingly, may be deemed
beneficially to own the securities of the Corporation held by the
Stockholder. As disclosed by such persons to the Stockholder, none
of the executive officers or directors of the Stockholder set forth
on Annex 1 to the Amended Statement on Schedule 13D beneficially
own any shares of the Common Stock.
(b) All of the shares stated above as beneficially owned by
the Stockholder are held by the Stockholder with sole power to vote
or to direct the vote thereof, and with sole power to dispose or to
direct the disposition thereof. All securities of the Corporation
that may be deemed to be beneficially owned by Traber are held with
shared power to vote or to direct the vote thereof, and with shared
power to dispose or to direct the disposition thereof, with the
Stockholder.
(c) Effective November 10, 1997, the Stockholder ceased to
exercise discretion with respect to customer accounts for which an
aggregate of 349,590 shares of Common Stock were held.
(d) The right to receive or the power to direct the receipt
of dividends from, or the proceeds from the sale of, 2,588,695
shares of Common Stock, constituting approximately 14.1% of the
outstanding Common Stock, is held by Hanseatic Americas LDC, a
Bahamian limited duration company in which the sole managing member
is Hansabel Partners, L.L.C., a Delaware limited liability company
in which the sole managing member is the Stockholder. Certain
additional clients of the Stockholder who provided funds for the
acquisition by the Stockholder of its investment in the Corporation
have the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, the remaining
shares of Common Stock beneficially owned by the Stockholder. No
such client's interest in such dividends or proceeds relates to
more than five percent of the outstanding Common Stock.
(e) Not applicable.
Item 7. Materials to be Filed as Exhibits.
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Exhibit A - Agreement pursuant to Rule 13d-1(f)(iii)
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SIGNATURE
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After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement
is true, complete and correct.
Dated: December 5, 1997 HANSEATIC CORPORATION
By s/Paul A. Biddelman
-----------------------------
Paul A. Biddelman
Dated: December 5, 1997 s/Wolfgang Traber
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Wolfgang Traber
<PAGE>
<PAGE>
<TABLE> Annex 1
<CAPTION>
Principal
Name and Occupation,
Business or Relationship Employer and
Residence to Hanseatic Address of
Address Citizenship Corporation Employer
- --------- ----------- ------------ --------------
<S> <C> <C> <C>
Gustav zu Germany Director Managing Director
Salm-Horstmar DHW Limited
DHW Limited Brettenham House
Brettenham House 5 Lancaster Place
5 Lancaster Place London, WC2E 7EN
London, WC2E 7EN England
England
Constantin R. Boden United States Director Principal
Boden Partners LLC Boden Partners LLC
450 Park Avenue 450 Park Avenue
New York, NY 10022 New York, NY 10022
Paul A. Biddelman United States President President
Hanseatic Corporation Hanseatic Corporation
450 Park Avenue 450 Park Avenue
Suite 2302 Suite 2302
New York, NY 10022 New York, NY 10022
Benjamin Schliemann Germany Vice President Vice President
Hanseatic Corporation Hanseatic Corporation
450 Park Avenue 450 Park Avenue
Suite 2302 Suite 2302
New York, NY 10022 New York, NY 10022
Mary Burkett United States Treasurer Treasurer
Hanseatic Corporation Hanseatic Corporation
450 Park Avenue 450 Park Avenue
Suite 2302 Suite 2302
New York, NY 10022 New York, NY 10022
/TABLE
<PAGE>
<PAGE> EXHIBIT A
Pursuant to Rule 13d-1(f)(l)(iii) promulgated by the Securities and
Exchange Commission, the undersigned agree that the statement to which this
Exhibit is attached is filed on their behalf and in the capacities set out
herein below.
Dated: December 5, 1997 HANSEATIC CORPORATION
By s/Paul A. Biddelman
----------------------------
Paul A. Biddelman
Dated: December 5, 1997 s/Wolfgang Traber
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Wolfgang Traber
