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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. )(1)
William Coal Seam Gas Royalty Trust
--------------------------------------------------------------------------------
(Name of Issuer)
Units Of beneficial interest
--------------------------------------------------------------------------------
(Title of Class of Securities)
969450105
--------------------------------------------------------------------------------
(CUSIP Number)
Allen B. Holeman, Bear, Stearns & Co. Inc.
115 South Jefferson Road, Whippany, NJ 07981
(973) 793-2202
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 11, 2000
--------------------------------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [_].
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b)
for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of Pages)
----------
(1) 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 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).
(SC13D-07/98)
<PAGE>
CUSIP No. 969450105 13D Page of Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Bear Stearns Companies Inc.**
IRS # 13-3286161
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
WC, 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
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,568,791
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
3,568,791
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,568,791
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
36.792%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
HC
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Quatro Finale IV LLC
IRS # 13-4129602
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
WC, 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
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,568,791
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
3,568,791
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,568,791
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
36.792%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
LLC
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 969450105 13D Page of Pages
________________________________________________________________________________
Item 1. Security and Issuer.
Units of beneficial interest
Williams Coal Seam Gas Royalty Trust
Nations Bank Plaza
901 Main St. Ste 1700
Dallas, TX 75202
________________________________________________________________________________
Item 2. Identity and Background.
(a)Name: Quatro Finale IV LLC.
(b)Place of Organization: Delaware
(c)(i)Principal Business: Acquisition of interests in specialized assets
(ii) Address: 245 Park Avenue
New York, NY 10167
(d)None
(e)See Appendix II
(f)See Appendix I
________________________________________________________________________________
Item 3. Source and Amount of Funds or Other Consideration.
The aggregate purchase price of the 3,568,791 shares of Common Stock
was approximately $29,442,525.75.
________________________________________________________________________________
Item 4. Purpose of Transaction.
Quatro Finale IV LLC has acquired the units of beneficial interest of
Williams Coal Seam Gas Roalty Trust in the ordinary course of its business in
connection with its investment activities. Quatro Finale IV LLC
may acquire additional securities of the Issuer or dispose of securities of the
Issuer in connection with investment activities.
Although the foregoing represents the range of activities presently contemplated
by Quatro Finale IV LLC with respect to the Issuer, it should be noted that the
possible activities of Quatro Finale IV LLC are subject to change at any time.
Except as set forth above, Quatro Finale IV LLC has no present plans or
intentions which relate to or would result in any of the actions described in
subparagraph (a) through (j) of item 4 of Schedule 13D.
________________________________________________________________________________
Item 5. Interest in Securities of the Issuer as of 8/11/2000.
(a)Number: 3,568,791
Percentage: 36.792%
(b)1.Sole power to vote or to direct the vote: 0
2.Shared power to vote or to direct the vote: 3,568,791
3.Sole power to dispose or to direct the disposition: 0
4.Shared power to dispose or to direct the disposition: 3,568,791
(c)Information concerning transactions in the units of beneficial interest
effected by Quatro Financial IV LLC is set forth on Appendix III hereto.
(d)Inapplicable.
(e)Inapplicable.
________________________________________________________________________________
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
On August 11, 2000, Quatro Finale IV LLC (QFIV) and The
Williams Companies, Inc. (Williams) entered into a Purchase and
Sale Agreement (the Purchase Agreement), pursuant to which QFIV
purchased from Williams, 3,568,791 units of beneficial interest
evidencing an undivided interest in the Williams Coal Seam Gas
Royalty Trust ( the Subject Trust Units). The Williams Coal Seam
Gas Royalty Trust is governed by that certain Trust Agreement dated
as of December 1, 1992, as amended from time to time, among Williams
Production Company, Williams, Chemical Bank Delaware and Nations
Bank of Texas, N.A. (the Trust Agreement). The Purchase Agreement
provides that under certain circumstances QFIV has the right to
cause Williams to purchase the Subject Trust Units from QFIV (the
Put Option) and Williams has the right to cause QFIV to sell the
Subject Trust Units back to Williams (the Call Option). Each of
the Put Option and Call Option may be exercised at a stated strike
price, which is subject to certain adjustments (including with
respect to certain distributions, tax credits, adjustments thereto
and accrued interest). The Put Option expires upon the exercise of
the Call Option. The Call Option expires upon the exercise of the
Put Option. Both the Put Option and the Call Option expire on June
30, 2003.
On August 11, 2000, QFIV and Williams also entered into a
separate Nominee and Voting Rights Agreement (the Voting Rights
Agreement), pursuant to which QFIV granted Williams the voting
rights (but not beneficial interest) associated with the Subject
Trust Units. The voting rights granted to Williams are limited to
the extent that Williams may not vote in favor of any proposed
amendment to the Trust Agreement or to the Gas Purchase Agreement
and Gas Gathering Agreement (as those terms are defined in the
Purchase Agreement). The voting rights granted to Williams terminate
and revert to QFIV upon the first to occur of (i) July 1, 2003, or
(ii) certain events relating to the financial condition of Williams
(including insolvency and bankruptcy proceedings). Even after these
voting rights revert to QFIV, QFIV is obligated to vote in favor of
a proposal to terminate the Williams Coal Seam Gas Royalty Trust if
QFIV is a record holder for voting purposes any time prior to (i)
July 1, 2004, or (ii) the date on which a registration of the
Subject Trust Units, pursuant to the Registration Rights Agreement
between QFIV and Williams, dated August 11, 2000, becomes effective.
________________________________________________________________________________
Item 7. Material to be Filed as Exhibits.
See Item 6. above
________________________________________________________________________________
<PAGE>
Quatro Finale IV LLC is a subsidiory of The Bear Stearns Companies Inc.
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.
August 21, 2000
----------------------------------------
(Date)
/S/
----------------------------------------
(Signature)
Francis Dunleavy/Senior Managing Director
----------------------------------------
(Name/Title)
APPENDIX I
Quatro Finale IV LLC
Members:
The Bear Stearns Companies Inc.
Bear Stearns N.Y., Inc.
APPENDIX II
Quatro Finale IV LLC.
Williams Coal Seam Gas Royalty Trust
Units of beneficial Interest
Trading from 08/11/00 through 08/21/2000
(Various Firm's Accounts)
***** 08/11 *****
3,568,791 WILLIAMS COAL SEAM GAS Pur $29,442,525.75
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
