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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULE 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(AMENDMENT NO. 1 )(1)
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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
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(CUSIP Number)
December 31, 1998
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(Date of event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-(c)
[X] Rule 13d-1(d)
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(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 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).
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CUSIP No. 0001279141 13G Page 2 of 11 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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) /X/
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
NUMBER OF
0
SHARES -------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,500,000*
------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH
1,500,000*
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,500,000*
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.3%*
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12. TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 0001279141 13G Page 3 of 11 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
NUMBER OF
0
SHARES -------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH
0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
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12. TYPE OF REPORTING PERSON*
PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 0001279141 13G Page 4 of 11 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
NUMBER OF
0
SHARES -------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 550,000
------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH
550,000
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
550,000
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.8%
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12. TYPE OF REPORTING PERSON*
PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 0001279141 13G Page 5 of 11 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
NUMBER OF
0
SHARES -------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 150,000
------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH
150,000
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,000
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.0%
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12. TYPE OF REPORTING PERSON*
PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 0001279141 13G Page 6 of 11 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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/
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
NUMBER OF
0
SHARES -------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 800,000
------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH
800,000
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
800,000
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.5%
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12. TYPE OF REPORTING PERSON*
PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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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") and 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.
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Item 4. Ownership
(a) Amount beneficially owned.
As of December 31, 1998, the number of shares of Common Stock
beneficially owned by each Reporting Person identified in Item 2 of
this Schedule 13G are:
<TABLE>
<CAPTION>
Reporting Person Shares
<S> <C>
SEA 0
Fund V 550,000
Fund V-2 150,000
Fund VI 800,000
First Reserve 1,500,000*
</TABLE>
(b) Percent of Class
As of December 31, 1998, 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 0
Fund V 3.8%
Fund V-2 1.0%
Fund VI 5.5%
First Reserve 10.3%*
</TABLE>
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote:
As of December 31, 1998, 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 0
Fund V 0
Fund V-2 0
Fund VI 0
First Reserve 0
</TABLE>
(ii) shared power to vote or direct the vote:
As of December 31, 1998, 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 550,000
Fund V-2 150,000
Fund VI 800,000
First Reserve 1,500,000*
</TABLE>
PAGE 8 OF 11
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(iii) sole power to dispose or direct the disposition of:
As of December 31, 1998, 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 0
Fund V 0
Fund V-2 0
Fund VI 0
First Reserve 0
</TABLE>
(iv) shared power to dispose or direct the disposition of:
As of December 31, 1998, 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 550,000
Fund V-2 150,000
Fund VI 800,000
First Reserve 1,500,000*
</TABLE>
* First Reserve does not directly own any shares of the Issuer. As the general
partner of each of the Funds, First Reserve reports indirect beneficial
ownership of the aggregate shares held directly by the Funds.
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 11
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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 5, 1999
First Reserve Secured Energy Assets Fund,
Limited Partnership
By: First Reserve Corporation,
as Managing General Partner
/s/ Thomas R. Denison
---------------------------------
Name: Thomas R. Denison
Title: Managing Director
First Reserve Fund V, Limited Partnership
By: First Reserve Corporation,
as Managing General Partner
/s/ Thomas R. Denison
---------------------------------
Name: Thomas R. Denison
Title: Managing Director
First Reserve Fund V-2, Limited Partnership
By: First Reserve Corporation,
as Managing General Partner
/s/ Thomas R. Denison
---------------------------------
Name: Thomas R. Denison
Title: Managing Director
PAGE 10 OF 11
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First Reserve Fund VI, Limited Partnership
By: First Reserve Corporation,
as Managing General Partner
/s/ Thomas R. Denison
---------------------------------
Name: Thomas R. Denison
Title: Managing Director
First Reserve Corporation
/s/ Thomas R. Denison
---------------------------------
Name: Thomas R. Denison
Title: Managing Director
PAGE 11 OF 11
