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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(AMENDMENT NO. 10)
Under the Securities Exchange Act of 1934*
Tuboscope Inc.
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(Name of Issuer)
Common Stock, $.01 par value per share
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(Title of Class of Securities)
898594-10-6
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(CUSIP Number)
Daniel J. Churay
Baker Hughes Incorporated
3900 Essex Lane, Suite 1200
Houston, Texas 77027
(713) 439-8600
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
May 1, 2000
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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(e), (f) or (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.
*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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CUSIP No. 898594-10-6
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(1) Name of Reporting Person
I.R.S. Identification Nos. of Above Person
Baker Hughes Incorporated, a Delaware corporation ("Baker
Hughes") 76-0207995
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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
Not applicable
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(5) Check 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 2,230,547
Shares Bene-
ficially -----------------------------------------------------
Owned by (8) Shared Voting Power 0
Each Report-
ing Person -----------------------------------------------------
With (9) Sole Dispositive Power 2,230,547
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(10) Shared Dispositive Power 0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,230,547
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
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(13) Percent of Class Represented by Amount in Row (11)
4.8% (based on the number of shares of common stock, $.01 par
value per share, of Tuboscope Inc. outstanding as of April 21,
2000 as reported by Tuboscope Inc. in its Registration
Statement on Form S-4 (Registration No. 333-34582))
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(14) Type of Reporting Person (See Instructions) CO
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The Schedule 13D for the event dated October 29, 1991, as
amended and supplemented by the amendments thereto previously filed with the
Securities and Exchange Commission (collectively, the "Schedule 13D"), of Baker
Hughes Incorporated, a Delaware corporation ("Baker Hughes"), relating to the
common stock, $.01 par value per share (the "Common Stock"), of Tuboscope Inc.,
a Delaware corporation ("Tuboscope"), is hereby amended and supplemented as set
forth below. Defined terms used but not defined in this Amendment No. 10 shall
have their respective meanings as set forth in the Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Paragraphs (a) through (c) and paragraph (e) of Item 5 of the
Schedule 13D are hereby amended and supplemented by adding the following
information thereto:
From March 31, 2000 to May 1, 2000, Baker Hughes sold in
brokers' transactions effected on the New York Stock Exchange an aggregate of
334,600 shares of Common Stock as follows:
<TABLE>
<CAPTION>
AGGREGATE WEIGHTED AVERAGE PER
DATE NUMBER OF SHARES SHARE SALES PRICE
- ---- ---------------- --------------------
<S> <C> <C>
March 31, 2000 ................... 9,000 $17.00
April 26, 2000 ................... 24,600 17.02
April 27, 2000 ................... 34,000 17.18
April 28, 2000 ................... 7,000 17.30
May 1, 2000 ...................... 260,000 17.44
</TABLE>
After such sales, Baker Hughes beneficially owned 2,230,547 shares of Common
Stock, or 4.8% of the outstanding Common Stock (based on the number of shares of
Common Stock outstanding as of April 21, 2000 as reported by Tuboscope in its
Registration Statement on Form S-4 (Registration No. 333-34582)). As of May 1,
2000, Baker Hughes ceased to be the beneficial owner of more than five percent
of the Common Stock.
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SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in this
Amendment No. 10 to Schedule 13D is true, complete and correct.
BAKER HUGHES INCORPORATED
By: /s/ Douglas C. Doty
-----------------------------------
Douglas C. Doty
Vice President and Treasurer
Date: May 2, 2000
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