<PAGE> 1
SCHEDULE 13D
(Rule 13d-101)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Under the Securities Exchange Act of 1934
Amendment No. 4
---
National-Oilwell, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
637071 10 1
- --------------------------------------------------------------------------------
(CUSIP Number)
Thomas R. Denison - First Reserve Corporation, 1801 California St., #4110,
Denver, CO 80202, (303) 382-1280
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
March 7, 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 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. [ ]
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).
<PAGE> 2
- --------------------- ------------------
CUSIP NO. 637071 10 1 SCHEDULE 13D Page 2 of 20 Pages
- --------------------- ------------------
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 0
WITH ------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
- -------------------------------------------------------------------------------
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> 3
- --------------------- ------------------
CUSIP NO. 637071 10 1 SCHEDULE 13D Page 3 of 20 Pages
- --------------------- ------------------
- -------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 0
WITH ------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
- -------------------------------------------------------------------------------
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
- --------------------- ------------------
CUSIP NO. 637071 10 1 SCHEDULE 13D Page 4 of 20 Pages
- --------------------- ------------------
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 6,816,634
WITH ------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,816,634
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,816,634
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
11.7%
- -------------------------------------------------------------------------------
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
- --------------------- ------------------
CUSIP NO. 637071 10 1 SCHEDULE 13D Page 5 of 20 Pages
- --------------------- ------------------
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 1,548,600
WITH ------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,548,600
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,548,600
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
2.7%
- -------------------------------------------------------------------------------
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
- --------------------- ------------------
CUSIP NO. 637071 10 1 SCHEDULE 13D Page 6 of 20 Pages
- --------------------- ------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Fund VIII, LP
I.R.S. No.: 06-1507364
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 2,209,100
WITH ------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,209,100
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,209,100
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
3.8%
- -------------------------------------------------------------------------------
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> 7
- --------------------- ------------------
CUSIP NO. 637071 10 1 SCHEDULE 13D Page 7 of 20 Pages
- --------------------- ------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Fund VII, LP
I.R.S. No.: 06-1520256
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 1,548,600
WITH ------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,548,600
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,548,600
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
2.7%
- -------------------------------------------------------------------------------
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> 8
- --------------------- ------------------
CUSIP NO. 637071 10 1 SCHEDULE 13D Page 8 of 20 Pages
- --------------------- ------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve GP VIII, LP
I.R.S. No.: 06-1507318
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 2,209,100
WITH ------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,209,100
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,209,100
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
3.8%
- -------------------------------------------------------------------------------
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> 9
- --------------------- ------------------
CUSIP NO. 637071 10 1 SCHEDULE 13D Page 9 of 20 Pages
- --------------------- ------------------
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 10,608,529
WITH ------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,608,529
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,608,529
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
18.2%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*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> 10
- --------------------- -------------------
CUSIP NO. 637071 10 1 SCHEDULE 13D Page 10 of 20 Pages
- --------------------- -------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William E. Macaulay
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ---------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
22,119
---------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
REPORTING 0
---------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
22,119
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,119
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*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> 11
- --------------------- -------------------
CUSIP NO. 637071 10 1 SCHEDULE 13D Page 11 of 20 Pages
- --------------------- -------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John A. Hill
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ---------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0
---------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
REPORTING 0
---------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*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> 12
- --------------------- -------------------
CUSIP NO. 637071 10 1 SCHEDULE 13D Page 12 of 20 Pages
- --------------------- -------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ben A. Guill
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ---------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
12,076
---------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
REPORTING 0
---------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
12,076
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,076
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*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> 13
This Amendment No. 4 to the statement on Schedule 13D filed on
September 28, 1998, 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 Fund VII, Limited Partnership
("Fund VII"), First Reserve Fund VIII, LP ("Fund VIII", and collectively, with
Fund V, Fund V-2, Fund VI and Fund VII, the "Funds"), First Reserve GP VII, LP,
("GP VII"), First Reserve GP VIII, LP ("GP VIII"), First Reserve Corporation
("First Reserve"), William E. Macaulay and John A. Hill relates to the Common
Stock, par value $0.01 per share (the "Common Stock"), of National-Oilwell,
Inc., a Delaware corporation ("National-Oilwell" or the "Company"). That
Schedule 13D is hereby amended as set forth below.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2 is hereby amended by deleting the second paragraph and replacing
the second paragraph with the following:
The Funds are Delaware limited partnerships with limited terms of
existence. Their principal purpose is to make equity, equity-linked and debt
investments in companies engaged in various energy and energy related
activities.
The remaining paragraphs of Item 2 are unchanged.
ITEM 4. PURPOSE OF THE TRANSACTION.
Item 4 is hereby amended by deleting the second, third, and fourth
paragraphs and replacing those paragraphs with the following:
The Funds intend to participate in and influence the affairs of the
Company through the exercise of their voting rights with respect to the shares
of Common Stock owned by the Funds. Two officers of First Reserve (William E.
Macaulay and Ben A. Guill) currently serve as directors of the Company.
First Reserve and the Funds intend to review on a continuing basis the
Funds' investment in the Company and may or may not purchase additional shares,
on the open market or otherwise, subject to: the price and availability of the
Company's securities; subsequent developments affecting the energy market as a
whole; the Company and the Company's business and prospects; other investment
and business opportunities available to the Funds; general stock market and
economic conditions; and other factors. First Reserve and the Funds may also
decide to dispose of Company securities at any time or to formulate other
purposes, plans or proposals regarding the Company or any of its securities
based on all of the above factors and on the eventual liquidation of each Fund
in accordance with its respective partnership agreement.
Fund VII and Fund VIII each filed a Notification and Report Form under
the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with the
Federal Trade Commission and the United States Department of Justice stating an
intention to purchase at least $15 million of the Company's Common Stock. Fund
VIII's filing further stated that it may, upon consultation with the Company and
depending upon market conditions, purchase over 15% of the outstanding shares of
the Company's Common Stock. First Reserve and the Funds do not have any
commitment to make those purchases and may, based on any of the factors listed
above, decide not to make such additional purchases.
PAGE 13 OF 20 PAGES
<PAGE> 14
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby deleted and replaced with the following:
(a) As of March 7, 2000, the Funds beneficially owned an aggregate of
10,574,334 shares of Common Stock. Additionally, William E. Macaulay and Ben A.
Guill hold stock options issued under the Company's non-employee director stock
option plan covering 22,119 and 12,076 shares of Common Stock, respectively. The
10,608,529 total shares constitute approximately 18.2% of the 58,258,955 shares
of Common Stock outstanding as of November 12, 1999, as reported by the Company.
GP VII and GP VIII as the general partner of Fund VII and Fund VIII may
be deemed to beneficially own the shares of Common Stock owned by those
respective Funds. First Reserve as the general partner of Fund V, Fund V-2, Fund
VI, GP VII and GP VIII may be deemed to beneficially own all shares of Common
Stock owned by the Funds. First Reserve shares beneficial ownership of the
options held by Mr. Macaulay and Mr. Guill under certain terms of their
employment agreements with First Reserve. Mr. Macaulay and Mr. Hill, as
directors and shareholders of First Reserve, may be deemed to share beneficial
ownership of the shares beneficially owned by First Reserve and the Funds. Mr.
Macaulay and Mr. Hill disclaim beneficial ownership of such shares. Except as
set forth otherwise in this Schedule 13D, neither the filing of this Schedule
nor any of its contents shall be deemed to constitute an admission that Mr.
Macaulay or Mr. Hill is the beneficial owner of the Common Stock referred to in
this paragraph for purposes of Section 13(d) of the Exchange Act or for any
other purpose, and such beneficial ownership is expressly disclaimed.
PAGE 14 OF 20 PAGES
<PAGE> 15
The number and percentage of shares of Common Stock beneficially owned
by each Reporting Person are as follows:
<TABLE>
<CAPTION>
Percentage of Shares
of Common Stock
Outstanding on
Shares November 12, 1999
------------ --------------------
<S> <C> <C>
Fund V 0 0%
Fund V-2 0 0%
Fund VI 6,816,634 11.7%
Fund VII 1,548,600 2.7%
Fund VIII 2,209,100 3.8%
GP VII (through Fund VII) 1,548,600 2.7%
GP VIII (through Fund VIII) 2,209,100 3.8%
First Reserve* 10,608,529 18.2%
William E. Macaulay* 10,608,529 18.2%
John A. Hill* 10,608,529 18.2%
Ben A. Guill 12,076 .02%
</TABLE>
*10,574,334 of the shares reported as beneficially owned by First Reserve, Mr.
Macaulay and Mr. Hill are directly owned by the Funds. Additionally, 22,119 and
12,076 of the shares reported are stock options issued to Mr. Macaulay and Ben
A. Guill, respectively. Mr. Hill disclaims beneficial ownership of all such
shares, and Mr. Macaulay disclaims beneficial ownership of all shares not
directly held by him.
(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 and GP VIII, in their
roles as general partners of Fund VII and Fund VIII, respectively, and First
Reserve, in its role as general partner of Fund V, Fund V-2 and Fund VI, and of
GP VII and GP VIII, share with each Fund the power to cause each Fund to dispose
of or vote the shares of Common Stock directly held by such Fund. First Reserve
also shares dispositive control over the 34,195 stock options held by Mr.
Macaulay and Mr. Guill under certain terms of their employment with First
Reserve. As a result of their positions with and ownership interest in First
Reserve, Mr. Macaulay and Mr. Hill may be deemed to have shared power to direct
the voting and disposition of 10,608,529 shares reported.
PAGE 15 OF 20 PAGES
<PAGE> 16
(c) The following routine brokerage transactions have been made by Fund
V, Fund V-2, and Fund VI, respectively, within the past 60 days:
<TABLE>
<CAPTION>
TRADE DATE SHARES SOLD PRICE PER SHARE FUND
---------- ----------- --------------- ----
<S> <C> <C> <C>
2/14/2000 218,830 22.486 V
2/15/2000 116,000 22.450 V
3/1/2000 334,830 24.194 V-2
3/2/2000 150,000 26.308 VI
3/3/2000 129,000 26.037 VI
3/6/2000 290,500 25.505 VI
3/7/2000 314,700 25.849 VI
---------
1,219,030
</TABLE>
(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) Not applicable
PAGE 16 OF 20 PAGES
<PAGE> 17
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: March 14, 2000.
FIRST RESERVE FUND V, LIMITED PARTNERSHIP
By: First Reserve Corporation,
as General Partner
By: /s/ Thomas R. Denison
---------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE FUND V-2, LIMITED PARTNERSHIP
By: First Reserve Corporation,
as General Partner
By: /s/ Thomas R. Denison
---------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE FUND VI, LIMITED PARTNERSHIP
By: First Reserve Corporation,
as General Partner
By: /s/ Thomas R. Denison
---------------------------------
Name: Thomas R. Denison
Title: Managing Director
PAGE 17 OF 20 PAGES
<PAGE> 18
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 FUND VIII, L.P.
By: First Reserve GP VIII, 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, LP
By: First Reserve Corporation,
as General Partner
By: /s/ Thomas R. Denison
--------------------------------
Name: Thomas R. Denison
Title: Managing Director
PAGE 18 OF 20 PAGES
<PAGE> 19
FIRST RESERVE GP VIII, LP
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
William E. Macaulay
By: /s/ Thomas R. Denison
----------------------------------------
Name: Thomas R. Denison
His Attorney-in-Fact
(See Previously Filed Power of Attorney)
John A. Hill
/s/ Thomas R. Denison
---------------------------------------------
Name: Thomas R. Denison
His Attorney-in-Fact
(See Previously Filed Power of Attorney)
PAGE 19 OF 20 PAGES
<PAGE> 20
Ben A. Guill
/s/ Thomas R. Denison
---------------------------------------------
Name: Thomas R. Denison
His Attorney-in-Fact
(See Attached Power of Attorney)
PAGE 20 OF 20 PAGES
<PAGE> 21
POWER OF ATTORNEY
(LIMITED)
KNOW ALL MEN BY THESE PRESENTS, that I, Ben A. Guill of Houston, County
of Harris, State of Texas, reposing special trust and confidence in Thomas R.
Denison , of Littleton, County of Arapahoe, State of Colorado, have made,
constituted and appointed, and by these presents do make, constitute and appoint
the said Thomas R. Denison my true and lawful attorney-in-fact and agent, for me
and in my name, place and stead, both for me personally and in my capacity as
President of First Reserve Corporation, with full power and authority to do and
perform each and every act necessary, as fully as I might do if personally
present, to accomplish and complete the following acts or transactions:
sign on my behalf, any and all filings, (including filings with the
Securities and Exchange Commission), agreements, notices or documents
arising from, or related to, First Reserve Corporation's holdings,
investments or activities.
I, Ben A. Guill, hereby ratify and confirm all that said Thomas R.
Denison might or could lawfully do or lawfully cause to be done by virtue of
this Power of Attorney. This Power of Attorney shall remain in effect until
revoked and shall not be affected by disability of the Principal.
DATED this 9th day of December, 1999.
By: /s/ Ben A. Guill
----------------------------
Ben A. Guill
STATE OF Texas )
)
COUNTY OF Harris )
The foregoing instrument was acknowledged before me this 9th day of December,
1999, by Ben A. Guill, the Principal.
Witness my hand and official seal:
--------------------------------------
Notary Public
--------------------------------------
Address
--------------------------------------
My commission expires:
--------------------------------------
