SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the securities Exchange Act of 1934
Gerrity Oil & Gas Corporation
___________________________________________________________________
(Name of Issuer)
Common Stock
___________________________________________________________________
(Title of Class of Securities)
374230100
___________________________________________________________________
(CUSIP Number)
Krista L. Ward and copy to:
Stark Investments George J. Mazin
10556 N. Port Washington Road Lowenstein, Sandler, Kohl,
Mequon, WI 53092 Fisher & Boylan
Tel. (414) 241-1810 65 Livingston Avenue
Fax: (414) 241-1888 Roseland, NJ 07068-1791
Tel: 201-992-8700
Fax: 201-992-5820
___________________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to receive Notices and communications)
April 17, 1996
___________________________________________________________________
(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 [X]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting the beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of less than five percent of such class.
See Rule 13d-7.)
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1. Name of reporting persons: Michael A. Roth
Brian J. Stark
(filing as joint filers pursuant to Rule
13(d)1(f)(1))
2. Check appropriate box if a member of a group: N/A
3. SEC use only
4. Source of Funds: WC
5. Check box if disclosure... N/A
6. Citizenship: Wisconsin
7. Sole Voting Power: N/A
8. Shared Voting Power: 732,571 shares FN 1,2
9. Sole Dispositive Power: N/A
10. Shared Dispositive Power: 732,571 shares FN 1,2
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 732,571
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares:. N/A
13. Percent of class represented: 5.3%
14. Type of reporting person: IN
1 Includes 424,791 Shares owned by Reliant Trading, 192,309 Shares owned by
Shepherd Trading Limited, and 115,471 shares owned by Staro Partners. See Item 2
and Item 5 for additional details.
2 Shares owned by the reporting person are presently limited to 563,950 Shares
of the issuer's Convertible Preferred Stock, $1.50 Series ("Convertible
Preferred"). The Convertible Preferred is not an "equity stock" within the
meaning of 13d-1(d), but is convertible at anytime at the option of the holder
into shares of the issuer's Common Stock.
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Item 1: Security and Issuer:
This statement relates to the Common Stock of Gerrity Oil & Gas Corporation
("Shares")1 The issuer has principal executive office located at 4100 East
Mississippi Avenue, Suite 1200 Denver, CO 80222.
1 Shares owned by the reporting person are presently limited to 563,950 Shares
of the issuer's Convertible Preferred Stock, $1.50 Series ("Convertible
Preferred"). The Convertible Preferred is not an "equity stock" within the
meaning of 13d-1(d), but is convertible at anytime at the option of the
holder into shares of the issuer's Common Stock.
Item 2: Identity and Background
Brian J. Stark ("Stark") and Michael A. Roth ("Roth") are the sole members of
Staro Asset Management, L.L.C. ("SAM"), a Wisconsin limited liability company,
which is the general partner of Stark Investments Limited Partnership ("SILP"),
a Wisconsin limited partnership which, in turn, controls Reliant Trading ("RT")
and Stark Trading ("ST"). SAM also acts as the investment manager of Shepherd
Fund Limited and its subsidiary, Shepherd Trading Limited ("Shepherd"). Messrs.
Stark and Roth also control Staro Partners ("Staro"). Accordingly, Stark and
Roth have shared trading and voting discretion over the securities held by all
of these entities.
1.
a) Name: Brian J. Stark
b) Residence or Business Address: 10556 North Port Washington Road
Mequon, WI 53092
c) Occupation: Investment Fund Manager
Staro Asset Management, L.L.C., Stark & Roth,
Inc., Staro Partners
10556 N. Port Washington Rd. Mequon, WI 53092
d) Convictions: none
e) Civil Proceedings: none
f) Citizenship: United States
2.
a) Name: Michael A. Roth
b) Residence or Business Address: 10556 North Port Washington Road
Mequon, WI 53092
c) Occupation: Investment Fund Manager
Staro Asset Management, L.L.C., Stark & Roth,
Inc., Staro Partners
10556 N. Port Washington Rd. Mequon, WI 53092
d) Convictions: none
e) Civil Proceedings: none
f) Citizenship: United States
3.
a) Name: Staro Partners
b) State of Organization: Wisconsin
c) Principal Business: Securities Trading
d) Address of principal business: 10556 N. Port Washington Road
Mequon, WI 53092
e) Address of Principal Office: same
f) Convictions: none
g) Civil proceedings: none
4.
a) Name: Reliant Trading
b) State of Organization: Wisconsin
c) Principal Business: Securities Trading
d) Address of principal business: 10556 N. Port Washington Road
Mequon, WI 53092
e) Address of Principal Office: same
f) Convictions: none
g) Civil proceedings: none
5.
a) Name: Shepherd Trading Limited
b) State of Organization: British Virgin Islands
c) Principal Business: Securities Trading
Address of principal business: Hemisphere Management Limited
Hemisphere House
9 Church Street
Hamilton, Bermuda HM DX
d) Address of Principal Office: same
e) Convictions: none
f) Civil proceedings: none
Item 3: Source and Amount of Funds or Other Consideration
All funds used by RT to purchase Shares acquired by RT were obtained from the
capital contributed by the limited partners of SILP and general margin financing
to RT from brokers. The amount of funds used in making the purchases was
$344,787. All funds used by Shepherd Trading Limited to purchase the Shares
acquired by Shepherd Trading Limited were obtained from the capital contributed
by the shareholders of Shepherd Fund Limited. The amount of funds used in making
the purchase was $148,225.
Item 4: Purpose of Transaction
The acquisition of 36,632 Shares by RT, 15,718 Shares by Shepherd, and all other
previous acquisitions are solely for investment purposes. Further acquisitions,
sales or short sales of securities of the issuer may be made for investment
purposes, however, neither Stark nor Roth have present plans or intentions which
relate to or would result in any of the transactions required to be described in
Item 4 of Schedule 13D
Item 5: Interest in Securities of the Issuer
Based upon the information contained in Gerrity's quarterly report on Form 10-Q
for the quarterly period ending December 31, 1995, there were issued and
outstanding 13,781,260 Shares. Messrs. Stark and Roth beneficially own 732,571
Shares or 5.3% of the Shares. 411,801 of such Shares are held by RT. Messrs.
Stark and Roth have shared power to vote or direct the vote and shared power to
dispose or direct the disposition of the 411,801 Shares by virtue of their
position as members of SAM, the managing partner of RT. 205,299 Shares are held
by Shepherd Trading Limited. Messrs. Stark and Roth have shared power to vote or
direct the vote and shared power to dispose or direct the disposition of the
205,299 Shares by virtue of their position as investment manager of Shepherd
Trading Limited. The remaining 115,471 Shares are held by Staro. Messrs. Stark
and Roth have shared power to vote or direct the vote and shared power to
dispose or direct the disposition of the 115,471 Shares by virtue of their
status as the partners of Staro.
The following table details the transactions by RT, Staro, and Shepherd Trading
Limited in Shares of Gerrity during the past 60 days:
Date Quantity Price Transaction Type
Reliant Trading 3/22/96 1,309 $12.48 Open Mkt. Purchase
4/15/96 1,559 $12.13 Open Mkt. Purchase
4/17/96 4,287 $12.05 Open Mkt. Purchase
4/17/96 25,980 $12.25 Open Mkt. Purchase
4/18/96 2,598 $12.25 Open Mkt. Purchase
4/22/96 3,767 $12.25 Open Mkt. Purchase
Staro Partners 2/21/96 649 $11.50 Open Mkt. Sale
3/22/96 1,400 $12.48 Open Mkt. Purchase
Shepherd 2/20/96 139 $11.50 Open Mkt. Sale
3/22/96 408 $12.48 Open Mkt. Purchase
4/17/96 12,990 $12.25 Open Mkt. Purchase
4/22/96 2,128 $12.25 Open Mkt. Purchase
No other entity controlled by Stark or Roth has traded in Gerrity shares within
the past 60 days.
Item 6: Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
See Item 2.
Item 7: Material to be filed as exhibits.
Exhibit 1: Agreement as to joint filing.
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EXHIBIT 1
AGREEMENT AS TO JOINT FILING
Dated April 22, 1996
The undersigned hereby agree that the 13D with respect to Gerrity Oil & Gas
Corporation, dated as of the date hereof is filed on behalf of each of the
undersigned jointly pursuant to Rule 13d-1(f)(1).
/s/Brian J. Stark
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Brian J. Stark
/s/Michael A. Roth
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Michael A. Roth
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SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned hereby certifies that the information set forth in this
statement is true, complete and correct.
April 22, 1996
/s/Brian J. Stark
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Brian J. Stark
/s/Michael A. Roth
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Michael A. Roth
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
