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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
The Beard Company
(Name of Issuer)
Common Stock, $.001 par value per share
(Title of Class of Securities)
07384-R-10-1
(CUSIP Number)
Rebecca G. Witcher, Secretary, Enterprise Plaza, Suite 200,
5600 N. May Avenue Oklahoma City, OK 73112, (405) 842-2333
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 7, 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 / /.
Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: See Rule 13d-1(a) for 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).
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CUSIP No. 07384-R-10-1 Page 2 of 8 Pages
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
New York Life Insurance and Annuity Corporation
I.R.S. Identification No. 13-3044743
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / / (b) /X/
3) SEC USE ONLY
4) SOURCE OF FUNDS*
N/A
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
7) SOLE VOTING POWER
0
NUMBERS OF
SHARES 8) SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON
WITH 0
10) SHARED DISPOSITIVE POWER
0
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CUSIP No. 07384-R-10-1 Page 3 of 8 Pages
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
14) TYPE OF REPORTING PERSON*
IC
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
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CUSIP No. 07384-R-10-1 Page 4 of 8 Pages
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
New York Life Insurance Company
I.R.S. Identification No. 13-5582869
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / / (b) /X/
3) SEC USE ONLY
4) SOURCE OF FUNDS*
N/A
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
7) SOLE VOTING POWER
0
NUMBERS OF
SHARES 8) SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON
WITH 0
10) SHARED DISPOSITIVE POWER
0
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CUSIP No. 07384-R-10-1 Page 5 of 8 Pages
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
14) TYPE OF REPORTING PERSON*
IC
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
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New York Life Insurance and Annuity Company Page 6 of 8
CUSIP No.07384-R-10-1
New York Life Insurance Company
CUSIP No.07384-R-10-1
ITEM 1. SECURITY AND ISSUER.
The class of equity securities to which this statement relates
is common stock, par value $.001 per share (the "Common Stock") of The Beard
Company (the "Issuer"). The address of the principal executive offices of the
Issuer is Enterprise Plaza, Suite 200, 5600 N. May Avenue, Oklahoma City,
Oklahoma 73112.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2(a), (b) and (c)
The name of the entities filing this statement are New York
Life Insurance Company, a New York corporation ("NYLIC") and New York Life
Insurance and Annuity Corporation, a Delaware corporation ("NYLIAC"). The
principal business of each of NYLIC and NYLIAC is insurance. The address of the
principal business of each NYLIC and NYLIAC is 51 Madison Avenue, New York, New
York 10010.
Item 2(d)
During the last five years, neither the NYLIC nor, to the best
knowledge of NYLIC, any of the executive officers or directors of NYLIC, has
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
During the last five years, neither the NYLIAC nor, to the
best knowledge of NYLIAC, any of the executive officers or directors of NYLIAC,
has been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
Item 2(e)
During the last five years, neither NYLIC nor, to the best
knowledge of NYLIC, any of NYLIC's executive officers or directors, 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 future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
During the last five years, neither NYLIAC nor, to the best
knowledge of NYLIAC, any of NYLIAC'S executive officers or directors, 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 future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
Item 2(f)
NYLIC and NYLIAC are New York and Delaware corporations,
respectively. Each of the executive officers and directors of NYLIC and NYLIAC
are U.S. citizens, except for Robert J. Richardson, who is a citizen of Canada.
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New York Life Insurance and Annunity Company Page 7 of 8 Pages
CUSIP No.07384-R-10-1
New York Life Insurance Company
CUSIP No.07384-R-10-1
ITEM 3. SOURCE AND AMOUNTS OF FUNDS OR OTHER CONSIDERATION.
Not applicable
ITEM 4. PURPOSE OF TRANSACTION.
Each of NYLIC and NYLIAC has sold its shares of the Common
Stock, together with its shares of Series A Convertible Voting Preferred Stock,
par value $1.00 per share, to certain third parties for cash consideration.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5(a) and (b)
NYLIAC. As a result of the transaction described in Item 4,
NYLIAC does not beneficially own any shares of any class of securities of the
Issuer.
NYLIC. As a result of the transaction described in Item 4,
NYLIC does not beneficially own any shares of any class of securities of the
Issuer.
Executive Officers and Directors of NYLIAC. To the best
knowledge of NYLIAC, none of the directors and executive officers of the NYLIAC
own any of the Issuer's Capital Stock.
Executive Officers and Directors of NYLIC. To best knowledge
of NYLIC, none of the directors and executive officers of the NYLIC own any of
the Issuer's Capital Stock.
Item 5(c)
No transactions have been effected during the past sixty days
by those entities listed in subparagraph (a) above in connection with the
securities covered herein, except as reported herein.
Item 5(d)
No entities other than NYLIC and NYLIAC are known to have the
right to receive the dividends or proceeds from the sale of securities deemed to
be beneficially owned by NYLIC and NYLIAC.
Item 5(e)
Not applicable.
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New York Life Insurance and Annuity Corporation Page 8 of 8 Pages
CUSIP No.07384-R-10-1
New York Life Insurance Company
CUSIP No.07384-R-10-1
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
NYLIC and NYLIAC have agreed to file this Amendment No. 1 to
Schedule 13D on behalf of each of NYLIC and NYLIAC.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None
This statement shall not be construed as an admission that New
York Life Insurance Company is, for the purposes of Section 13(d) or 13(g) of
the Securities Exchange Act of 1934, as amended, the beneficial owner of any
securities covered by this statement other than those securities owned in the
name of New York Life Insurance Company.
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New York Life Insurance and Annuity Corporation Page 8 of 8 Pages
CUSIP No.07384-R-10-1
New York Life Insurance Company
CUSIP No.07384-R-10-1
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in the statement is true,
complete and correct.
January 17, 1997 NEW YORK LIFE INSURANCE COMPANY
By /s/ William Y. Cheng
--------------------------
William Y. Cheng
Vice President
This statement shall not be construed as an admission that New York
Life Insurance and Annuity Corporation is, for the purposes of Section 13(d) or
13(g) of the Securities Exchange Act of 1934, as amended, the beneficial owner
of any securities covered by this statement other than those securities owned in
the name of New York Life Insurance and Annuity Corporation.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in the statement is true,
complete and correct.
January 17, 1997 NEW YORK LIFE INSURANCE AND ANNUNITY
CORPORATION
By /s/ William Y. Cheng
--------------------------
William Y. Cheng
Vice President
