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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. 5)
Plains Petroleum Company
------------------------
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
726529 10 0
---------------
(CUSIP Number)
Louis G. Baldwin
Senior Vice President
and Chief Financial Officer
Cross Timbers Oil Company
810 Houston Street, Suite 2000
Fort Worth, Texas 76102
(817) 870-2800
--------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 4, 1995
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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 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: 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.
Page 1 of 6
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SCHEDULE 13D
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CUSIP No. 726529 10 0
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1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Cross Timbers Oil Company
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75-2347769
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [ ] b) [ X ]
WTW Properties, Inc. is a wholly owned subsidiary of Cross Timbers Oil
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Company.
--------
These companies could be deemed to be a group by virtue of this
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relationship.
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3) SEC Use Only
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4) Source of Funds (See Instructions)
WC, BK
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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
Number of Shares 415,400
Beneficially Owned -------
by Each Reporting -------------------------------
Person With 8) Shared Voting Power
100
-------
-------------------------------
9) Sole Dispositive Power
415,400
-------
-------------------------------
10) Shared Dispositive Power
100
-------
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11) Aggregate Amount Beneficially Owned by Each Reporting Person
415,500
-------
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [ X ]
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13) Percent of Class Represented by Amount in Row (11)
4.2%
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14) Type of Reporting Person (See Instructions)
CO
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SCHEDULE 13D
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CUSIP No. 726529 10 0
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1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
WTW Properties, Inc.
--------------------
75-2579542
----------
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [ ] b) [ X ]
WTW Properties, Inc. is a wholly owned subsidiary of Cross Timbers Oil
----------------------------------------------------------------------
Company.
--------
These companies could be deemed to be a group by virtue of this
---------------------------------------------------------------
relationship.
-------------
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3) SEC Use Only
- -------------------------------------------------------------------------------
4) Source of Funds (See Instructions)
WC
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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
Texas
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7) Sole Voting Power
Number of Shares
Beneficially Owned -------------------------------
by Each Reporting 8) Shared Voting Power
Person With 100
---
-------------------------------
9) Sole Dispositive Power
-------------------------------
10) Shared Dispositive Power
100
---
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11) Aggregate Amount Beneficially Owned by Each Reporting Person
100
---
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [ X ]
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13) Percent of Class Represented by Amount in Row (11)
0.0%
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14) Type of Reporting Person (See Instructions)
CO
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Page 3 of 6
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ONLY THE INFORMATION REPORTED FOR THE FOLLOWING ITEMS IN THIS AMENDMENT NO. 5 TO
SCHEDULE 13D ARE AMENDED FROM THE INITIAL FILING ON SCHEDULE 13D DATED SEPTEMBER
16, 1994 AND PRIOR AMENDMENTS THERETO (THE INITIAL SCHEDULE 13D TOGETHER WITH
ALL PRIOR AMENDMENTS BEING REFERRED TO HEREIN AS "THE SCHEDULE 13D"). UNLESS
SPECIFICALLY HEREBY AMENDED, THE INFORMATION IN THE SCHEDULE 13D REMAINS
UNCHANGED. UNLESS OTHERWISE DEFINED HEREIN, ALL DEFINED TERMS USED HEREIN HAVE
THE SAME MEANING AS IN THE SCHEDULE 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 is hereby amended by adding the following:
(a) As of May 9, 1995, Cross Timbers beneficially owns 415,400 shares of
Common Stock or approximately 4.2% of the Issuer's outstanding shares of
9,815,826 at March 15, 1995, as reported in its Annual Report on Form 10-K for
the year ended December 31, 1994 ("Outstanding Shares"), and WTWP owns
beneficially and of record 100 shares of Common Stock (less than 1% of the
Outstanding Shares).
(b) Cross Timbers has the sole voting power and dispositive power with
respect to the 415,400 shares of Common Stock it beneficially owns, and Cross
Timbers and WTWP share voting power and dispositive power with respect to the
100 shares of Common Stock owned beneficially and of record by WTWP.
(c) Schedule II, attached hereto and incorporated herein by reference, lists
all transactions in the Common Stock effected from April 19, 1995 through May 9,
1995, by Cross Timbers or WTWP or, to the knowledge of Cross Timbers or WTWP, of
any of the persons listed on Schedule I or Schedule III attached to the Schedule
13D.
(e) On May 4, 1995, Cross Timbers ceased to be the beneficial owner of more
than five percent of the Outstanding Shares.
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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.
CROSS TIMBERS OIL COMPANY
By: LOUIS G. BALDWIN
-------------------------------------------
Louis G. Baldwin
Senior Vice President and Chief Financial Officer
WTW PROPERTIES, INC.
Date: May 9, 1995 By: LOUIS G. BALDWIN
----------------
Louis G. Baldwin
Vice President and Chief Financial Officer
Page 5 of 6
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SCHEDULE II TO SCHEDULE 13D
The following lists all Common Stock transactions effected by Cross Timbers or
WTWP from April 19, 1995 through May 9, 1995. All sales were open market
transactions. To the best of Cross Timbers' or WTWP's knowledge, no Common
Stock transactions were effected by any persons listed in Schedule I or Schedule
III attached to the Schedule 13D from April 19, 1995 through May 9, 1995.
<TABLE>
<CAPTION>
Number Price
Date of Shares per Share
------------------------- --------- ---------
<S> <C> <C>
Sales by Cross Timbers:
5/3/95 44,000 $25.000
5/4/95 82,600 25.000
5/4/95 25,000 25.250
5/4/95 2,400 25.375
5/9/95 50,000 25.000
5/9/95 25,000 25.125
</TABLE>
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