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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No. 19
Parker Drilling Company
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(Name of Issuer)
Common Stock $.16-2/3 par value
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(Title of Class of Securities)
701081 101
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CUSIP Number
Check the following box if a fee is being paid with this Statement []
CUSIP No. 701081 101
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1) Names of reporting persons and SS Nos.: Robert L. Parker
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###-##-####
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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) Citizenship: United States
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5. Sole Voting Power 33,930
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Number of Shares 6. Shared Voting Power 3,796,045
Beneficially Owned -----------------
By Each Reporting
Person With: 7. Sole Dispositive Power 3,829,975
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8. Shared Dispositive Power 3,796,045
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9) Aggregate Amount Beneficially Owned by Each Reporting Person:
3,829,975
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10) Check if the Aggregate Amount in Row 9 Excludes Certain Shares:
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11) Percent of Class Represented by Amount in Row 9: 5.0%
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12) Type of Reporting Person: IN
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Item 1 (a)
Name of Issuer: Parker Drilling Company
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Item 1 (b)
Address of Issuer's Principal Executive Offices:
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Eight East Third Street
Tulsa, Oklahoma 74103
Item 2 (a)
Name of Person Filing:
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Robert L. Parker
Item 2 (b)
Address of Principal Business Office:
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Eight East Third Street
Tulsa, Oklahoma 74103
Item 2 (c)
Citizenship: United States
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Item 2 (d)
Title of Class of Securities:
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Common Stock $.16-2/3 par value
Item 2 (e)
CUSIP Number: 701081 101
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Item 3
If this statement is filed pursuant to Rules 13d-1(b),
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or 13d-2(b), check whether the person filing is a:
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Not applicable
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<PAGE> Item 4
Ownership:
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(a) Amount Beneficially Owned: 3,829,975 shares
(b) Percent of Class: 5.0%
(c) Number of Shares as to Which Such Person Has:
(i) sole power to vote or direct the vote:
33,930
(ii) shared power to vote or direct the vote:
3,796,045<F1>
(iii) sole power to dispose or to direct the
disposition of:
3,829,975<F1>
(iv) shared power to dispose or to direct the
disposition of:
3,796,045<F1>
<F1>
[FN]
The Robert L. Parker Trust holds 3,796,045 shares subject to the control of
the co-trustees, Robert L. Parker and Catherine Mae Parker; however, the Trust
is revocable at the election of Robert L. Parker, the settlor.
Item 5
Ownership of Five Percent or Less of a Class:
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This statement is not being filed to report a cessation
of beneficial ownership of 5% or more of the class.
Item 6
Ownership of More than Five Percent on Behalf of Another Person:
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Other persons known to have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, such securities,
and who are known to own more than five percent of the class are as follows:
Catherine Mae Parker, my co-trustee of the 3,796,045 shares
in which beneficial ownership is claimed herein.
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Item 7
Identification and Classification of the Subsidiary Which Acquired
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the Security Being Reported on by the Parent Holding Company:
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Not Applicable
Item 8
Identification and Classification of Members of Group:
Robert L. Parker and Catherine Mae Parker, as Co-Trustees of the Robert L.
Parker Trust, share voting and dispositive control of the shares held by the
Trust and thus may be considered to be a Group pursuant to Rule 13d-5(b)(1).
This filing is made pursuant to the Rule 13d-1(c).
Item 9
Notice of dissolution of Group:
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Not Applicable
Item 10
Certification: Not Applicable
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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.
December 31, 1997
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Dated as of
/s/ Robert L. Parker
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Signature
Robert L. Parker
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Name
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (See 18 U.S.C. 1001).
