<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Cal Dive International, Inc.
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
0001279141
---------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement. [ ] (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities 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).
* 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 the
disclosures provided in a prior cover page.
The information required in 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).
Page 1 of 10
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CUSIP No. 0001279141 SCHEDULE 13G
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Corporation
I.R.S. No.: 06-1210123
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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*
N/A
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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 3,227,548
-------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY
-------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 3,227,548
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,227,548
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
22.85%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Page 2 of 10
<PAGE> 3
CUSIP No. 0001279141 SCHEDULE 13G
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Secured Energy Assets Fund, Limited Partnership
I.R.S. No.: 06-1232433
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a [ ]
(b [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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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 258,203
SHARES -------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY
-------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 258,203
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
258,203
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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
1.83%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Page 3 of 10
<PAGE> 4
CUSIP No. 0001279141 SCHEDULE 13G
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Fund V, Limited Partnership
I.R.S. No.: 06-1295657
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a [ ]
(b [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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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 1,097,371
-------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY
-------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,097,371
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,097,371
- --------------------------------------------------------------------------------
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
7.77%
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14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Page 4 of 10
<PAGE> 5
CUSIP No. 0001279141 SCHEDULE 13G
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Fund V-2, Limited Partnership
I.R.S. No.: 06-6351960
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a [ ]
(b [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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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 322,753
-------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY
-------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 322,753
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
322,753
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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
2.28%
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14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Page 5 of 10
<PAGE> 6
CUSIP No. 0001279141 SCHEDULE 13G
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Fund VI, Limited Partnership
I.R.S. No.: 06-1334650
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a [ ]
(b [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
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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 1,549,221
-------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY
-------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,549,221
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,549,221
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
10.97%
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14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Page 6 of 10
<PAGE> 7
Item 1.
(a) Name of Issuer.
The issuer is Cal Dive International, Inc. (the "Issuer").
(b) Address of Principal Executive Offices.
The Issuer's principal executive offices are located at 400
North Sam Houston Parkway East, Houston, Texas 77060.
Item 2.
(a) Name of Person Filing.
This Schedule 13G is being filed by First Reserve Fund V,
Limited Partnership ("Fund V"), First Reserve Fund V-2, Limited
Partnership ("Fund V-2"), First Reserve Fund VI, Limited Partnership
("Fund VI"), First Reserve Secured Assets Fund, Limited Partnership
("SEA" and together with Fund V, Fund V-2, and Fund VI, the "Funds")
and by First Reserve Corporation ("First Reserve") which is the
managing general partner of each of the Funds.
(b) Address of Principal Business Office or, if none, Residence
The principal business office of the Funds and First Reserve
(together, the "Reporting Persons") is:
First Reserve Corporation
475 Steamboat Road
Greenwich, CT 06830
(c) Citizenship
Each of the Funds is a Delaware limited partnership and First
Reserve is a Delaware corporation.
(d) Title of Class of Securities
This statement relates to shares of Common Stock of the
Issuer.
(e) CUSIP Number
The CUSIP Number for the Common Stock is 0001279141.
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not applicable.
Item 4. Ownership
(a) Amount beneficially owned.
As of December 31, 1997, the number of shares of Common Stock
beneficially owned by each Reporting Person identified in Item 2 of
this Schedule 13G are:
Page 7 of 10
<PAGE> 8
<TABLE>
<CAPTION>
Reporting Person Shares
<S> <C>
SEA 258,203
Fund V 1,097,371
Fund V-2 322,753
Fund VI 1,549,221
First Reserve 3,227,548
</TABLE>
(b) Percent of Class
As of December 31, 1997, the percentage of shares of Common
Stock beneficially owned by each Reporting Person identified in Item 2
of this Schedule 13G are:
<TABLE>
<CAPTION>
Reporting Person Percentages
<S> <C>
SEA 1.83%
Fund V 7.77%
Fund V-2 2.28%
Fund VI 10.97%
First Reserve 22.85%
</TABLE>
(c) Number of Shares as to which such person has: (i) sole power
to vote or direct the vote:
As of December 31, 1997, the number of shares of
Common Stock as to which each Reporting Person identified in
Item 2 of this Schedule 13G had the sole power to vote or
direct the vote are:
<TABLE>
<CAPTION>
Reporting Person Shares
<S> <C>
SEA 258,203
Fund V 1,097,371
Fund V-2 322,753
Fund VI 1,549,221
First Reserve 3,227,548
</TABLE>
(ii) shared power to vote or direct the vote:
As of December 31, 1997, the number of shares of
Common Stock as to which each Reporting Person identified in
Item 2 of this Schedule 13G had shared power to vote or
direct the vote are:
<TABLE>
<CAPTION>
Reporting Person Shares
<S> <C>
SEA 0
Fund V 0
Fund V-2 0
Fund VI 0
First Reserve 0
</TABLE>
Page 8 of 10
<PAGE> 9
(iii) sole power to dispose or direct the disposition of:
As of December 31, 1997, the number of shares of
Common Stock as to which each Reporting Person identified in
Item 2 of this Schedule 13G had the sole power to dispose or
direct the disposition are:
<TABLE>
<CAPTION>
Reporting Person Shares
<S> <C>
SEA 258,203
Fund V 1,097,371
Fund V-2 322,753
Fund VI 1,549,221
First Reserve 3,227,548
</TABLE>
(iv) shared power to dispose or direct the disposition of:
As of December 31, 1997, the number of shares of
Common Stock as to which each Reporting Person identified in
Item 2 of this Schedule 13G had shared power to dispose or
direct the disposition are:
<TABLE>
<CAPTION>
Reporting Person Shares
<S> <C>
SEA 0
Fund V 0
Fund V-2 0
Fund VI 0
First Reserve 0
</TABLE>
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
Not applicable.
Page 9 of 10
<PAGE> 10
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.
Dated: February 17, 1997
First Reserve Secured Energy Assets Fund,
Limited Partnership
By First Reserve Corporation as Managing
General Partner
/s/ Elizabeth C. Foley
----------------------------------------------
Name: Elizabeth C. Foley
Title: Managing Director
First Reserve Fund V, Limited Partnership
By First Reserve Corporation as Managing
General Partner
/s/ Elizabeth C. Foley
----------------------------------------------
Name: Elizabeth C. Foley
Title: Managing Director
First Reserve Fund V-2, Limited Partnership
By First Reserve Corporation as Managing
General Partner
/s/ Elizabeth C. Foley
----------------------------------------------
Name: Elizabeth C. Foley
Title: Managing Director
First Reserve Fund VI, Limited Partnership
By First Reserve Corporation as Managing
General Partner
/s/ Elizabeth C. Foley
----------------------------------------------
Name: Elizabeth C. Foley
Title: Managing Director
First Reserve Corporation
/s/ Elizabeth C. Foley
----------------------------------------------
Name: Elizabeth C. Foley
Title: Managing Director
Page 10 of 10
