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SCHEDULE 13D
(Rule 13d-101)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Under the Securities Exchange Act of 1934
Amendment No. 5
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Patina Oil & Gas Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
703224105
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(CUSIP Number)
Thomas R. Denison - First Reserve Corporation, 1801 California St., #4110,
Denver, CO 80202, (303) 382-1270
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 28, 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), 13d-1(f) or 13d-1(g), check the following box
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).
SEC 1746 (12-91)
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CUSIP No. 703224105 SCHEDULE 13D Page 2 of 7 Pages
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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) /X/
(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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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 436,898
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 436,898
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
436,898
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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
2.3%
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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> 3
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CUSIP No. 703224105 SCHEDULE 13D Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Fund VII, Limited Partnership
I.R.S. No.: 06-1457408
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00
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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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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 436,898
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 436,898
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
436,898
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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
2.3%
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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> 4
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CUSIP No. 703224105 SCHEDULE 13D Page 4 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve GP VII, L.P.
I.R.S. No.: 06-1520256
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(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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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
--------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 436,898
--------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
--------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 436,898
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
436,898
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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
2.3%
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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> 5
This Amendment No. 5 to the statement on Schedule 13D (the
"Statement"), originally filed on October 24, 1997, and as amended on July 16,
1998, and on July 7, 1999, and on June 29, 2000, and again on August 24, 2000,
is filed by First Reserve Fund VII, Limited Partnership ("Fund VII"), First
Reserve GP VII, L.P., ("GP VII," and collectively, the "Funds"), and First
Reserve Corporation ("First Reserve," and together with Fund VII and GP VII, the
"Reporting Persons") and relates to the Common Stock, par value $0.01 per share
(the "Common Stock"), of Patina Oil & Gas Corporation, a Delaware corporation
(the "Issuer" or "Patina"). That Schedule 13D is hereby amended as set forth
below.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby deleted and replaced with the following:
(a) As of the date hereof, the Reporting Persons are the beneficial
owners of Patina Common Stock in the numbers and percentages set forth in the
table below:
<TABLE>
<CAPTION>
REPORTING PARTY NUMBER OF SHARES PERCENTAGE OF
BENEFICIALLY OWNED CLASS (2)
<S> <C> <C>
Fund VII 436,898 2.3%
GP VII (1) 436,898 2.3%
First Reserve (1) 436,898 2.3%
</TABLE>
(1) Consists of 436,898 shares of Common Stock held directly by Fund
VII. GP VII is the general partner of Fund VII and may be deemed to beneficially
own the shares of Common Stock owned by Fund VII. First Reserve, as the general
partner of GP VII, may be deemed to beneficially own all of the shares of Common
Stock owned by the Funds.
(2) Based upon 18,970,858 shares of Common Stock. Includes 16,926,360
common shares reported outstanding by the Issuer as of July 26, 2000, and
2,044,498 shares of Common Stock that were received upon conversion of 776,903
shares of Preferred Stock owned by the Reporting Persons.
(b) Each Fund shares with its general partner the power to vote or to
direct the vote of the shares directly held by it. GP VII, as the general
partner of Fund VII, and First Reserve, in its role as general partner of GP
VII, shares with each Fund the power to cause each Fund to dispose of or vote
the shares of Common Stock directly held by such Fund.
(c) During the past 60 days, the following transactions were effected:
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<TABLE>
<CAPTION>
REPORTING NUMBER OF
PARTY DATE SHARES PRICE TRANSACTION
<S> <C> <C> <C> <C>
Fund VII 8/24/2000 400,000 Preferred Shares Converted into Common
Shares (1)
Fund VII 8/28/2000 220,100 $21.057 Common Sold
Fund VII 8/29/2000 107,000 $21.160 Common Sold
Fund VII 8/30/2000 54,500 $21.087 Common Sold
Fund VII 8/31/2000 18,400 $21.060 Common Sold
Fund VII 8/31/2000 500,000 Preferred Shares Converted into Common
Shares (2)
Fund VII 9/5/2000 22,500 $20.950 Common Sold
Fund VII 9/6/2000 27,500 $20.953 Common Sold
Fund VII 9/12/2000 18,100 $20.950 Common Sold
Fund VII 9/14/2000 25,000 $21.955 Common Sold
Fund VII 9/14/2000 1,144,496 Preferred Shares Converted into Common
Shares (3)
Fund VII 9/14/2000 750,000 $20.500 Common Sold (4)
Fund VII 9/15/2000 321,200 $22.018 Common Sold
Fund VII 9/18/2000 43,300 $21.954 Common Sold
</TABLE>
------------------------------------
(1) On August 24, 2000, Fund VII converted 151,999 shares of its
Preferred Stock into 400,000 common shares based upon the fixed conversion ratio
of 2.6316 common shares for each share of Preferred Stock owned by Fund VII.
(2) On August 31, 2000, Fund VII converted 189,999 shares of its
Preferred Stock into 500,000 common shares based upon the fixed conversion ratio
of 2.6316 common shares for each share of Preferred Stock owned by Fund VII.
(3) On September 14, 2000, Fund VII converted its remaining 434,905
shares of its Preferred Stock into 1,144,496 common shares based upon the fixed
conversion ratio of 2.6316 common shares for each share of Preferred Stock owned
by Fund VII.
(4) See Item 5(e).
Page 6 of 7
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(d) To the best knowledge of the Reporting Persons, no other person has
the right to receive, or the power to direct the receipt of dividends from, or
the power to direct the receipt of proceeds of the sale of the shares of Common
Stock owned by the Reporting Persons.
(e) As of September 14, 2000, the Reporting Persons ceased to be the
beneficial owner of more than 5% of the outstanding securities of the Issuer.
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.
Dated: September 25, 2000.
FIRST RESERVE FUND VII, LIMITED
PARTNERSHIP
By: First Reserve GP VII, LP, as General Partner
By: First Reserve Corporation,
as General Partner
By: /s/ Thomas R. Denison
--------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE GP VII, L.P.
By: First Reserve Corporation,
as General Partner
By: /s/ Thomas R. Denison
--------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE CORPORATION
By: /s/ Thomas R. Denison
---------------------------
Name: Thomas R. Denison
Title: Managing Director
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