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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. 15)*
Westmoreland Coal Company
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(Name of Issuer)
Common Stock, $2.50 per share par value
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(Title of Class of Securities)
960878-10-6
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(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
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 9, 1997
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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
CUSIP No. 960878-10-6 PAGE 2 OF 3 PAGES
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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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7 SOLE VOTING POWER
155,811
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 155,811
PERSON ----------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
155,811
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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)
2.24%
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14 TYPE OF REPORTING PERSON
CO
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This Amendment No. 15 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. 1-14
filed with the Commission from time to time thereafter (the Initial Statement
and Amendment Nos. 1-14 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 4 and 5 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 4. Purpose of Transaction.
Item 4 is hereby amended by the addition of the following:
On January 9, 1997, the Company sold 600,000 shares of Common Stock
owned by the Company in private transactions at $.50 per share. Of the 600,000
shares sold, 50,000 shares were sold to Kathleen P. Killen, 250,000 shares were
sold to James W. Sight and the remaining 300,000 shares were sold to Wynnefield
Capital, Inc.
Item 5. Interests in Securities of the Issuer.
Item 5 is hereby amended by the addition of the following:
After the sale of the 600,000 shares of Common Stock in the private
transactions referred to in Item 4 above, based upon the information provided
in Westmoreland's Quarterly Report on Form 10-Q for the quarter ended September
30, 1996, the Company is currently the beneficial owner of 155,811 shares of
Common Stock, representing approximately 2.24% of Westmoreland's issued and
outstanding Common Stock and approximately 1.68% of the Total Voting Power of
Westmoreland.
Except for the sale of shares of Common Stock in the transactions
described in Item 4 of the Statement, no transactions in the shares of Common
Stock were effected during the past 60 days by the Company, or, to the best of
its knowledge, any of the persons identified in Item 2 of the Statement.
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: January 17, 1997
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