<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D/A
AMENDMENT NO. 2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
TransMontaigne Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
89393410
- --------------------------------------------------------------------------------
(CUSIP Number)
c/o First Reserve Corporation, 475 Steamboat Road, Greenwich, CT 06830
(203) 661-6601
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
March 25, 1999
- --------------------------------------------------------------------------------
(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 statement because of Rule
13d-1(b)(3) or (4), check the following box: |_|
Check the following box if a fee is being paid with the statement: |_|
Page 1 of 17
<PAGE> 2
SCHEDULE 13D/A
CUSIP NO. 89393410
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Corporation
I.R.S. No.: 06-1210123
- --------------------------------------------------------------------------------
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
NUMBER OF
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 13,217,071
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,217,071
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,217,071
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
35.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*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.
Page 2 of 17
<PAGE> 3
SCHEDULE 13D/A
CUSIP NO. 89393410
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Fund V, Limited Partnership
I.R.S. No.: 06-1295657
- --------------------------------------------------------------------------------
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
NUMBER OF
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 598,440
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
598,440
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
598,440
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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.
Page 3 of 17
<PAGE> 4
SCHEDULE 13D/A
CUSIP NO. 89393410
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Fund V-2, Limited Partnership
I.R.S. No.: 06-6351960
- --------------------------------------------------------------------------------
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
NUMBER OF
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 1,196,877
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,196,877
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,196,877
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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.
Page 4 of 17
<PAGE> 5
SCHEDULE 13D/A
CUSIP NO. 89393410
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Fund VI, Limited Partnership
I.R.S. No.: 06-1334650
- --------------------------------------------------------------------------------
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
NUMBER OF
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 4,488,292
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,488,292
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,488,292
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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.
Page 5 of 17
<PAGE> 6
SCHEDULE 13D/A
CUSIP NO. 89393410
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Fund VII, Limited Partnership
I.R.S. No.: 06-1457408
- --------------------------------------------------------------------------------
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
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 2,666,716
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,666,716
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,666,716
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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.
Page 6 of 17
<PAGE> 7
SCHEDULE 13D/A
CUSIP NO. 89393410
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Fund VIII, LP
I.R.S. No.: 06-1507364
- --------------------------------------------------------------------------------
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
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 4,266,746
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,266,746
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,266,746
- --------------------------------------------------------------------------------
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*
PN
- --------------------------------------------------------------------------------
*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.
Page 7 of 17
<PAGE> 8
SCHEDULE 13D/A
CUSIP NO. 89393410
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve GP VII, LP
I.R.S. No.: 06-1520256
- --------------------------------------------------------------------------------
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
NUMBER OF
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 2,666,716
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,666,716
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,666,716
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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.
Page 8 of 17
<PAGE> 9
SCHEDULE 13D/A
CUSIP NO. 89393410
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve GP VIII, LP
I.R.S. No.: 06-1507318
- --------------------------------------------------------------------------------
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
NUMBER OF
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 4,266,746
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,266,746
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,266,746
- --------------------------------------------------------------------------------
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*
PN
- --------------------------------------------------------------------------------
*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.
Page 9 of 17
<PAGE> 10
The information contained in this Amendment number 2 to Schedule 13D is
filed with respect to the Common Stock, par value $0.01 per share (the "Common
Stock"), of TransMontaigne Inc. (the "Issuer"). The purpose of this Amendment is
to report the purchase by First Reserve Fund VII, Limited Partnership ("Fund
VII") and First Reserve Fund VIII, LP ("Fund VIII") of Series A Convertible
Preferred Stock (the "Preferred Stock") of the Issuer and warrants to purchase
Common Stock (the "Warrants"). Fund VII and Fund VIII are affiliated with First
Reserve Corporation who is the general partner of First Reserve GP VII, LP ("GP
VII") and First Reserve GP VIII, LP ("GP VIII"), who in turn are the general
partners of Fund VII and Fund VIII, respectively. Fund VII, Fund VIII, GP VII
and GP VIII were not previously joint filers with First Reserve and the other
Funds (as defined below) with respect to the Issuer.
ITEM 1. SECURITY AND ISSUER.
Amend Item 1 by changing the Issuer's address to: 370 17th Street,
Suite 2750, Denver, CO 80202.
ITEM 2. IDENTITY AND BACKGROUND.
Delete Item 2 and replace it with the following:
This Schedule 13D is filed by First Reserve Fund V, Limited Partnership
("Fund V"), First Reserve Fund V-2, Limited Partnership ("Fund V-2"), First
Reserve Fund VI, Limited Partnership ("Fund VI"), First Reserve Fund VII,
Limited Partnership ("Fund VII") and First Reserve Fund VIII, LP ("Fund VIII"
and together with Fund V, Fund V-2, Fund VI, and Fund VII, the "Funds"), by
First Reserve GP VII, LP ("GP VII") and First Reserve GP VIII, LP ("GP VIII"),
and by First Reserve Corporation ("First Reserve"), to report the acquisition by
Fund VII and Fund VIII of Series A Convertible Preferred Stock and warrants to
purchase Common Stock.
The Funds are Delaware limited partnerships whose principal purpose is
to make equity, equity-linked and debt investments in companies engaged in
various energy and energy related activities.
GP VII and GP VIII are Delaware limited partnerships which are the
general partners of Fund VII and Fund VIII, respectively.
First Reserve is a Delaware corporation and is the general partner of
Fund V, Fund VI, Fund V-2, GP VII and GP VIII. The principal business of First
Reserve is to act as managing general partner and provide investment management
services to the Funds and to other investment funds managed by First Reserve.
The principal business and office address of First Reserve, GP VII, GP
VIII and each of the Funds (together, the "Reporting Persons") is 475 Steamboat
Road, Greenwich, Connecticut 06830.
Information with respect to the executive officers and directors of
First Reserve, including name, business address, present principal occupation or
employee and the organization in which such employment is conducted, and their
citizenship is listed on the schedule attached hereto as Schedule 1.
Page 10 of 17
<PAGE> 11
During the last five years, none of the Reporting Persons nor any
executive officer or director of First Reserve has (i) been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
(ii) been a party to a civil proceeding or 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 3. SOURCE AND AMOUNT OF FUNDS.
Amend Item 3 by adding the following after the last paragraph of that
Item:
The Series A Convertible Preferred Stock and Warrants acquired by Fund
VII and Fund VIII as described in Item 5 were acquired with $25,000,000 and
$40,000,000, respectively, of the cash of Fund VII and Fund VIII.
ITEM 4. PURPOSE OF TRANSACTION.
Amend Item 4 by adding the following after the last paragraph of that
Item:
The acquisition by Fund VII and Fund VIII of the shares of Series A
Convertible Preferred Stock and the Warrants were made in order to increase the
Funds' investment in the Issuer, in conformity with the purposes stated above.
Two employees of First Reserve (John A. Hill and Thomas R. Denison)
currently serve as directors of the Company.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Delete Item 5 and replace it with the following:
(a) As of March 25, 1999, the Funds beneficially own an aggregate of
13,217,071 shares of Common Stock, constituting approximately 35.3% of the
Common Stock outstanding as of January 31, 1999, as reported by the Issuer. This
includes 4,333,332 shares of Common Stock currently issuable upon conversion of
the Preferred Stock and 2,600,130 shares of Common Stock issuable upon exercise
of the Warrants.
GP VII and GP VIII as the general partner of Fund VII and Fund VIII may
be deemed to beneficially own the shares of Common Stock beneficially owned by
those respective Funds. First Reserve as the general partner of Fund V, Fund
V-2, Fund VI, GP VII and GP VIII may be deemed to beneficially own all
13,217,071 shares of Common Stock beneficially owned by the Funds.
Effective March 25, 1999, the number and percentage of shares of Common
Stock beneficially owned by each Reporting Person are:
Page 11 of 17
<PAGE> 12
<TABLE>
<CAPTION>
Percentage of Issuer
Shares Outstanding on
Shares January 31, 1999
---------- ---------------------
<S> <C> <C>
Fund V 598,440 2.0%
Fund V-2 1,196,877 3.9%
Fund VI 4,488,292 14.7%
Fund VII 2,666,716 8.0%
Fund VIII 4,266,746 12.3%
GP VII (through Fund VII) 2,666,716 8.0%
GP VIII (through Fund VIII) 4,266,746 12.3%
First Reserve (through the Funds) 13,217,071 35.3%
</TABLE>
(b) Each Fund shares with its general partner the power to vote or to
direct the vote of the shares directly held by it. GP VII and GP VIII, in their
roles as general partners of Fund VII and Fund VIII, respectively, and First
Reserve, in its role as general partner of Fund V, Fund V-2 and Fund VI, and of
GP VII and GP VIII, share with each Fund the power to cause each Fund to dispose
of or vote the shares of Common Stock beneficially held by each Fund.
(c) Effective March 25, 1999, Fund VII became committed, subject to
certain conditions which have since been fulfilled, to purchase 25,000 shares of
Series A Convertible Preferred Stock and warrants to purchase 1,000,050 shares
of Common Stock. The shares of Series A Convertible Preferred Stock are
convertible into 1,666,666 shares of Common Stock at a price of $15 per share.
Each warrant is exercisable to purchase 0.6 shares of Common Stock at a price of
$14 per share. The funding of the purchase of the Series A Convertible Preferred
Stock and Warrants by Fund VII is scheduled for April 20, 1999.
Effective March 25, 1999, Fund VIII became committed to purchase
40,000 shares of Series A Convertible Preferred Stock and warrants to purchase
1,600,080 shares of Common Stock. The shares of Series A Convertible Preferred
Stock are convertible into 2,666,666 shares of Common Stock at a price of $15
per share. Each warrant is exercisable to purchase 0.6 shares of Common Stock at
a price of $14 per share. The funding of the purchase of the Series A
Convertible Preferred Stock and Warrants by Fund VIII is scheduled for April 9,
1999.
(d) To the best knowledge of the Reporting Persons, no other person has
the right to receive, or the power to direct the receipt of dividends from, or
the power to direct the receipt of proceeds of the sale of the shares of Common
Stock owned by the Reporting Persons.
(e) Not applicable.
Page 12 of 17
<PAGE> 13
ITEM 6. CONTRACTS, ARRANGEMENTS OR UNDERSTANDING WITH RESPECT TO
SECURITIES OF THE ISSUER.
Amend Item 6 by adding the following after the last paragraph thereof:
Fund VII and Fund VIII entered into the Preferred Stock and Warrant
Purchase Agreement (which provides for the purchase of the Preferred Stock and
the Warrants), the Stockholder Agreement (which provides for certain contractual
rights with respect to the Common Stock), and the Registration Rights Agreement
(which provides for the registration of the Common Stock) attached hereto as
Exhibits E, H and I. Each of the Funds entered into the Second Amendment and
Waiver (which modifies certain pre-existing registration rights) attached hereto
as Exhibit J.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Amend Item 7 by adding the following:
Exhibit E Form of Preferred Stock and Warrant Purchase
Agreement (without exhibits).
Exhibit F Certificate of Designations of Series A Convertible
Preferred Stock.
Exhibit G Warrant Agreement between the Company and BankBoston,
N.A. dated March 25, 1999.
Exhibit H Stockholders' Agreement among the Company and
certain institutional purchaser signatories thereto
dated March 25, 1999.
Exhibit I Registration Rights Agreement between the Company
and the purchasers signatories thereto dated March
25, 1999 (without exhibits).
Exhibit J Second Amendment and Waiver by and among the
Company and certain institutional investors
signatories thereto dated March 25, 1999.
Exhibit K Joint Filing Agreement.
Page 13 of 17
<PAGE> 14
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: April 19, 1999.
FIRST RESERVE FUND V, LIMITED PARTNERSHIP
By: First Reserve Corporation,
as General Partner
By: /s/ Thomas R. Denison
------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE FUND V-2, LIMITED PARTNERSHIP
By: First Reserve Corporation,
as General Partner
By: /s/ Thomas R. Denison
------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE FUND VI, LIMITED PARTNERSHIP
By: First Reserve Corporation,
as General Partner
By: /s/ Thomas R. Denison
------------------------------
Name: Thomas R. Denison
Title: Managing Director
Page 14 of 17
<PAGE> 15
FIRST RESERVE FUND VII, LIMITED PARTNERSHIP
By: First Reserve GP VII, LP,
as General Partner
By: First Reserve Corporation,
as General Partner
By: /s/ Thomas R. Denison
------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE FUND VIII, LP
By: First Reserve GP VIII, LP,
as General Partner
By: First Reserve Corporation
as General Partner
By: /s/ Thomas R. Denison
------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE GP VII, LP
By: First Reserve Corporation,
as General Partner
By: /s/ Thomas R. Denison
------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE GP VIII, LP
By: First Reserve Corporation,
as General Partner
By: /s/ Thomas R. Denison
------------------------------
Name: Thomas R. Denison
Title: Managing Director
Page 15 of 17
<PAGE> 16
FIRST RESERVE CORPORATION
By: /s/ Thomas R. Denison
------------------------------
Name: Thomas R. Denison
Title: Managing Director
Page 16 of 17
<PAGE> 17
Schedule 1
1. The name, business address, and present principal occupation or
employment of each of the executive officers and directors of First Reserve
Corporation are set forth below. Unless otherwise indicated, (i) the business
address of each is 475 Steamboat Road, Greenwich, Connecticut 06830, (ii) each
such person is a citizen of the United States, and (iii) such person does not
have any other principal occupation:
Name and Position with
First Reserve Corporation
--------------------------
Thomas R. Denison
Managing Director
Cathleen M. Ellsworth
Managing Director
Elizabeth C. Foley
Managing Director, Treasurer and Secretary
Ben A. Guill
President, Managing Director and Director
John A. Hill
Vice Chairman, Managing Director and Director
Will Honeybourne
Managing Director
Jennifer Kornfield
Controller
William E. Macaulay
Chairman and Chief Executive Officer,
Managing Director and Director
Bruce M. Rothstein
Managing Director
Page 17 of 17
<PAGE> 18
EXHIBIT INDEX
Exhibit No. Description of Exhibit
----------- ----------------------
Exhibit E Form of Preferred Stock and Warrant Purchase
Agreement (without exhibits) incorporated by
reference to the Issuer's Report on Form 8-K filed
on April 1, 1999.
Exhibit F Certificate of Designations of Series A Convertible
Preferred Stock incorporated by reference to the
Issuer's Report on Form 8-K filed on April 1, 1999.
Exhibit G Warrant Agreement between the Company and
BankBoston, N.A. dated March 25, 1999 incorporated by
reference to the Issuer's Report on Form 8-K filed
on April 1, 1999.
Exhibit H Stockholders' Agreement among the Company and
certain institutional purchaser signatories thereto
dated March 25, 1999 incorporated by reference to the
Issuer's Report on Form 8-K filed on April 1, 1999.
Exhibit I Registration Rights Agreement between the Company
and the purchasers signatories thereto dated March
25, 1999 (without exhibits) incorporated by reference
to the Issuer's Report on Form 8-K filed on April 1,
1999.
Exhibit J Second Amendment and Waiver by and among the
Company and certain institutional investors
signatories thereto dated March 25, 1999 incorporated
by reference to the Issuer's Report on Form 8-K
filed on April 1, 1999.
Exhibit K Joint Filing Agreement.
<PAGE> 19
JOINT FILING AGREEMENT
We, the signatories of the statement on Schedule 13D filed with respect
to the Common Stock of TransMontaigne Oil Company to which this Agreement is
attached, hereby agree that such statement is, and any amendments thereto filed
by any of us will be, filed on behalf of each of us pursuant to and in
accordance with the provisions of Rule 13d-1(k) of the Securities Exchange Act
of 1934.
FIRST RESERVE FUND V, LIMITED PARTNERSHIP
By: First Reserve Corporation,
as General Partner
By: /s/ Thomas R. Denison
------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE FUND V-2, LIMITED PARTNERSHIP
By: First Reserve Corporation,
as General Partner
By: /s/ Thomas R. Denison
------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE FUND VI, LIMITED PARTNERSHIP
By: First Reserve Corporation,
as General Partner
By: /s/ Thomas R. Denison
------------------------------
Name: Thomas R. Denison
Title: Managing Director
<PAGE> 20
FIRST RESERVE FUND VII, LIMITED PARTNERSHIP
By: First Reserve GP VII, LP,
as General Partner
By: First Reserve Corporation,
as General Partner
By: /s/ Thomas R. Denison
------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE FUND VIII, LP
By: First Reserve GP VIII, LP,
as General Partner,
By: First Reserve Corporation
as General Partner
By: /s/ Thomas R. Denison
------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE GP VII, LP
By: First Reserve Corporation
as General Partner
By: /s/ Thomas R. Denison
------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE GP VIII, LP
By: First Reserve Corporation
as General Partner
By: /s/ Thomas R. Denison
------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE CORPORATION
By: /s/ Thomas R. Denison
------------------------------
Name: Thomas R. Denison
Title: Managing Director
