SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
BLACK WARRIOR WIRELINE CORP.
(NAME OF ISSUER)
COMMON STOCK, PAR VALUE $.0005 PER SHARE
(TITLE OF CLASS OF SECURITIES)
092260504
(CUSIP NUMBER)
JOHN L. THOMPSON
SJMB, L.P.
C/O SJMB, L.L.C.
777 POST OAK BLVD., SUITE 950
HOUSTON, TEXAS 77056
(713) 871-0799
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
DECEMBER 14, 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(B)(3) OR (4), CHECK THE FOLLOWING BOX. [ ]
CHECK THE FOLLOWING BOX IF A FEE IS BEING PAID WITH THIS STATEMENT. [ ]
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.
<PAGE>
CUSIP No. 458144102 13D/A
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| 1 | NAMES OF REPORTING PERSONS
| | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
| | SJMB, LLC 76-0559974
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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 | | 43,695,237
SHARES ---------------------------------------------------------
BENEFICIALLY | 8 | SHARED VOTING POWER
OWNED BY EACH | | 0
REPORTING ---------------------------------------------------------
PERSON WITH | 9 | SOLE DISPOSITIVE POWER
| | 43,695,237
---------------------------------------------------------
|10 | SHARED DISPOSITIVE POWER
| | 0
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| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
| | 43,695,237
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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)
| | 85.4%
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| 14 | TYPE OF REPORTING PERSON *
| | CO
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<PAGE>
ITEM 1. Security and Issuer.
This statement constitutes Amendment No. 2 to the statement on Schedule 13D
filed with the Securities and Exchange Commission on July 16, 1998, (the
"Original Filing"), with respect to shares of the common stock, par value $.0005
per share (the "Common Stock"), of Black Warrior Wireline, Corp., a Delaware
corporation ("BWWC") of 3748 Highway #45 North, Columbus, Mississippi 39701,
beneficially owned by SJMB, L.P., a Delaware partnership ("SJMB"). This
Amendment No. 2 reflects certain material changes in the information set forth
in the Original Statement, as follows:
Except as specifically provided herein, this Amendment does not modify any of
the information previously reported on the Schedule 13D, as amended.
ITEM 5. Interest in Securities of the Issuer.
Item 5 is hereby amended to add the following:
On December 14, 2000, SJMB converted $1,750,000 principal amount of its
$9,000,000 Revised Convertible Note and $2,013,110 of accrued interest on the
$9,000,000 Revised Convertible Note into 5,017,481 shares of Common Stock at a
conversion price of $0.75 per share.
As of December 14, 2000 all accrued and unpaid interest owed to SJMB by BWWL is
convertible into 169,453 shares of Common Stock.
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: December 20, 2000
SJMB, L.L.C.
By: /s/ JAMES H. HARRISON
Name: James H. Harrison
Title: Vice President
SJMB, L.P.
By: SJMB, L.L.C.,
General Partner
By: /s/ JAMES H. HARRISON
Name: James H. Harrison
Title: Vice President
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