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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. 11)*
Westmoreland Coal Company
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $2.50 per share par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
960878-10-6
------------------------------
(CUSIP Number)
Beverly Cole McGuire
c/o Penn Virginia Corporation
One Radnor Corporate Center
Suite 200
100 Matsonford Road
Radnor, PA 19087 610-687-8900
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
May 10, 1996
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(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 the 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 less than five percent of such
class.) (See Rule 13d-7.)
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).
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SCHEDULE 13D
<TABLE>
<S> <C>
CUSP NO. 960878-10-6 PAGE 2 of PAGES
--------------------- ----- ------
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PENN VIRGINIA EQUITIES CORPORATION 51-0229894
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
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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 OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,754,411
OWNED ----------------------------------------------------------------------------------------------
BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON ----------------------------------------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
1,754,411
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,754,411
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.23%
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14 TYPE OF REPORTING PERSON
CO
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</TABLE>
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This Amendment No. 11 amends and supplements the Statement on
Schedule 13D filed with the Securities and Exchange Commission (the
"Commission") on November 1, 1978 (the "Initial Statement"), as amended by
Amendments Nos. 1-10 filed with the Commission from time to time thereafter
(the Initial Statement and Amendment Nos. 1-10 inclusive, the "Statement") by
Penn Virginia Equities Corporation, a Delaware corporation (the "Company"),
relating to the common stock, par value $2.50 per share (the "Common Stock"),
of Westmoreland Coal Company, a Delaware corporation ("Westmoreland").
The undersigned hereby amends and supplements Items 2, 4, 5 and
7 of the Statement by adding the following information (capitalized terms used
herein without definition shall have the same meaning as set forth in the
Statement):
Item 2. Identity and Background.
Item 2 is hereby amended by inserting the following in lieu of
the third and fourth paragraphs thereof:
The Company is a wholly owned subsidiary of Penn Virginia
Corporation, a Virginia corporation ("Penn Virginia"), whose address is One
Radnor Corporate Center, Suite 200, 100 Matsonford Road, Radnor, Pennsylvania
19087. Penn Virginia, through its subsidiaries, is engaged primarily in
leasing of mineral rights, collection of royalties and development and
production of oil and natural gas.
The name, present principal occupation and address of
employment of each executive officer, director and controlling person of the
Company and Penn Virginia are set forth in Exhibit A attached hereto.
Item 4. Purpose of Transaction.
Item 4 is hereby amended by the addition of the following:
Penn Virginia and Westmoreland are currently in discussions
with respect to a termination of a portion of the Virginia coal property lease
between the two companies and a restructuring of the remainder of the lease.
To date, no definitive agreement has been reached.
On May 10, 1996, Lennox K. Black, Penn Virginia's Chairman
of the Board, resigned from Westmoreland's Board of Directors.
Item 5. Interest In Securities Of The Issuer.
Item 5 is hereby amended by the addition of the following:
Exhibit D, attached hereto, shows the number of shares of
Common Stock beneficially owned, directly or indirectly, by each person
identified in Item 2 of the Statement. Except as otherwise noted in Exhibit D,
such persons have sole power to vote or direct the voting of, and sole power to
dispose or direct the disposition of the shares listed opposite their names in
Exhibit D.
Item 7. Materials to Be Filed As Exhibits.
Exhibit A Name, present principal occupation and address of
employment of each executive officer, director and
controlling person of the Company and Penn Virginia.
Exhibit D List of shares of Common Stock of Westmoreland Coal
Company beneficially owned by each executive officer,
director and controlling person of the Company and
Penn Virginia.
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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.
PENN VIRGINIA EQUITIES CORPORATION
By: /s/ Beverly Cole McGuire
Beverly Cole McGuire, Secretary
Dated: May 10, 1996
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EXHIBIT A
Name, present principal occupation and address of employment
of each executive officer, director and controlling person of Penn Virginia
Equities Corporation and Penn Virginia Corporation.
<TABLE>
<CAPTION>
Name and Address Present Principal Occupation
---------------- ----------------------------
<S> <C>
Lennox K. Black (2) Chairman of the Board, Penn Virginia Corporation;
--------------- Chairman of the Board, Teleflex, Inc. (equipment
630 West Germantown Pike manufacturer)
Plymouth Meeting, PA 19462
John D. Cadigan (2) President, Rio Petrol, Inc.
--------------- (oil and gas investments); Vice President, Campbell
300 Harbor Building Investment
100 Second Avenue, South Co. (investments)
Edmonds, WA 98020
A. James Dearlove (1) (2) President and Chief Executive Officer, Penn Virginia
----------------- Corporation; President, Penn Virginia Equities
One Radnor Corporate Center Corporation
100 Matsonford Road, Ste. 200
Radnor, PA 19087
John A. H. Shober (2) Retired Chief Executive Officer and President of
----------------- Penn Virginia Corporation
One Radnor Corporate Center
100 Matsonford Road, Ste. 200
Radnor, PA 19087
Hans-Albert Oppenborn (2) Head of the Department
--------------------- Economic Analysis of PreussenElektra AG
Treschowstrasse 5, 30457
Hannover, Germany
Johannes Teyssen (2) Head of the Legal Division of PreussenElektra AG
----------------
Treschowstrasse 5, 30457
Hannover, Germany
Frederick C. Witsell, Jr. (2) Vice Chairman, J.P. Morgan Florida FSB
-------------------------
109 Royal Palm Way
Palm Beach, FL 33480
Minturn T. Wright, III (2) Retired Partner, Dechert Price & Rhoads (attorneys)
----------------------
4000 Bell Atlantic Tower
1717 Arch St.
Philadelphia, PA 19103
Steven W. Tholen (1) Vice President and Chief Financial Officer, Penn Virginia
---------------- Corporation Vice President, Penn Virginia Equities
One Radnor Corporate Center Corporation
100 Matsonford Rd., Ste 200
Radnor, PA 19087
David R. Barker Vice President, Penn Virginia Corporation
---------------
999 Executive Park Boulevard
Suite 300
Kingsport, TN 37662
</TABLE>
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<TABLE>
<CAPTION>
Name and Address Present Principal Occupation
---------------- ----------------------------
<S> <C>
Keith D. Horton Vice President, Penn Virginia Corporation
---------------
U.S. Highway 58-421 West
P.O. Box 386
Duffield, VA 24244
Ann N. Horton Controller, Penn Virginia Corporation; Controller Penn
-------------- Virginia Equities Corporation
999 Executive Park Boulevard
Suite 300
Kingsport, TN 37662
Beverly Cole McGuire (1) Corporate Secretary, Penn Virginia
-------------------- Corporation; Secretary,
One Radnor Corporate Center Penn Virginia Equities Corporation
100 Matsonford Rd., Ste. 200
Radnor, PA 19087
</TABLE>
(1) Director of Penn Virginia Equities Corporation.
(2) Director of Penn Virginia Corporation.
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EXHIBIT D
Listed below are the shares of common stock of Westmoreland
Coal Company beneficially owned by each executive officer, director and
controlling person of Penn Virginia Equities Corporation and Penn Virginia
Corporation:
<TABLE>
<CAPTION>
Shares Beneficially Owned
Name on May 10, 1996
---- --------------------------
<S> <C>
Lennox K. Black 4,500 (1)
John D. Cadigan --
A. James Dearlove --
John A. H. Shober --
Hans-Albert Oppenborn --
Johannes Teyssen --
Frederick C. Witsell, Jr. --
Minturn T. Wright, III --
Steven W. Tholen --
David R. Barker --
Keith D. Horton --
Ann N. Horton --
Beverly Cole McGuire --
</TABLE>
(1) Represents shares beneficially owned by Lennox K. Black pursuant to
presently exercisable non-qualified stock options.
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