U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
Kennedy David H.
(Last) (First) (Middle)
427 Steamboat Road
(Street)
Greenwich CT 06830
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol: Maverick Tube
Corporation - MAVK
3. IRS or Social Security Number of Reporting Person (Voluntary):
###-##-####
4. Statement for Month/Year: July 1997
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
/xx/ Director / / 10% Owner
/ / Officer (give title below) / / Other (Specify below)
President
7. Individual or Joint/Group Filing (Check Applicable Line)
/xx/ Form filed by One Reporting Person
/ / Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially
Owned
2. Transaction 3. Transaction 4. Securities Acquired
Date (Month/ Code (Instr. 8) (A) or Disposed (D)
1. Title of Security Day/Year) Code V (Instr. 3, 4 and 5)
(Instr. 3) Amount (A) or Price
(D)
Common Stock 7/22/97 S 15,000 D $43.625/sh
Common Stock 7/23/97 S 85,000 D $42.7353/sh
5. Amount of 6.Ownership 7. Nature of Indirect
Securities Form: Direct Beneficial Ownership
Beneficially (D) or Indirect (Instr. 4)
Owned at End (I) (Instr. 4)
of Month
(Instr. 3 and 4)
I By corporation (1)
400,000 I By corporation (1)
(1) See "Explanation of Responses"
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
If the form is filed by more than one reporting person, see Instruction 5(b)(v).
<PAGE>
Table II: Derivative Security Beneficially Owned (e.g., puts, calls, warrants,
options, convertible securities)
2. Conversions 3. Transaction 4. Transaction Code
1. Title of Derivative or Exercise Price Date (Month/ (Instr. 8)
Security (Instr. 3) of Derivative Day/Year)
Security
Director Stock Option -- -- --
5. Number of 6. Date Exercisable and
Derivative Securities Expiration Date
Acquired (A) or (Month/Day/Year)
Disposed of (D)
(Instr. 3, 4 and 5) Date Exercisable Expiration Date
(A) (D)
-- -- -- --
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
Title Amount or Number
of Shares
-- 5,750
8. Price of 9. Number of Derivative
Derivative Security Securities Beneficially
(Instr. 5) Owned at End of Month
(Instr. 4)
-- 2(2)
10. Ownership Form 11. Nature of Indirect
of Derivative Security: Beneficial Ownership
Direct (D) or Indirect (Instr. 4)
(I) (Instr. 4)
D
Explanation of Responses:
(1) The reporting person's indirect ownership of the Issuer's Common Stock
decreased to 400,000 shares as a result of the sale of (i) 7,500 shares
of Common Stock by American Gas & Oil Investors, Limited Partnership
("AmGO") and 7,500 shares by AmGO II, Limited Partnership ("AmGO II") on
July 22, 1997, (ii) 42,500 shares of Common Stock by AmGO and 42,500
shares by AmGO II on July 23, 1997. First Reserve
Corporation is the Managing General Partner of AmGO and AmGO II which
owns, 250,000 and 150,000 shares, respectively, of Common Stock of the
Issuer. The reporting person is a Managing Director of First Reserve
Corporation. The reporting person disclaims beneficial
ownership of these shares.
(2) The reporting person directly owns one Director Stock Option to purchase
3,750 shares of Common Stock of the Issuer and one Director Stock Option
to purchase 2,000 shares of Common Stock of the Issuer (both options
previously reported).
Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ David H. Kennedy
_____________________________
Signature of Reporting Person
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form
displays valid OMB Number.
