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
Macaulay William Edward
(Last) (First) (Middle)
475 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: September 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 8/29/97 S 35,500 D $32.535/sh
Common Stock 9/2/97 S 64,500 D $32.70/sh
Common Stock 9/12/97 S 25,000 D $38.00/sh
Common Stock 9/12/97 S 154,000 D $38.50/sh
Common Stock 9/15/97 S 21,000 D $38.44/sh
Common Stock 9/16/97 S 6,000 D $39.62/sh
Common Stock 9/16/97 S 2,000 D $39.62/sh
Common Stock 9/16/97 S 2,000 D $39.62/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)
I By corporation (1)
I By corporation (1)
I By corporation (1)
500,000 I By corporation (1)
24,000 I By spouse (1)
8,000 I By trust (1)
8,000 I By trust (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).
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
-- --
8. Price of 9. Number of Derivative
Derivative Security Securities Beneficially
(Instr. 5) Owned at End of Month
(Instr. 4)
-- 11,500 (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 500,000 shares as a result of the sale of (i) 17,750 shares
of Common Stock by American Gas & Oil Investors, Limited Partnership
("AmGO") and 17,750 shares by AmGO II, Limited Partnership ("AmGO II") on
August 29, 1997, (ii) 32,250 shares of Common Stock by AmGO and 32,250
shares by AmGO II on September 2, 1997 (iii) 12,500 shares of Common Stock
by AmGO and 12,500 shares by AmGO II on September 12, 1997, (iv) 77,000
shares of Common Stock by AmGO and 77,000 shares by AmGO II on September
12, 1997, (v) 10,500 shares of Common Stock by AmGo and 10,500 shares of
Common Stock by AmGO II and (vi) on September 16, 1997, 6,000 shares of
Common Stock by Linda Macaulay, 2,000 shares of Common Stock by the
Elizabeth Macaulay Trust 1 (the "E. Macaulay Trust") and 2,000 shares of
Common Stock by the Anne Macaulay Trust 1 (the "A. Macaulay Trust").
First Reserve Corporation is the Managing General Partner of AmGO and
AmGO II which own 300,000 and 200,000 shares, respectively, of Common
Stock of the Issuer. The reporting person is President and Chief
Executive Officer of First Reserve Corporation. The reporting person
disclaims beneficial ownership of these shares. In addition, Linda
Macaulay, Mr. Macaulay's wife, owns 24,000 shares of Common Stock, the
E. Macaulay Trust owns 8,000 shares of Common Stock and the A. Macaulay
Trust owns 8,000 shares of Common Stock. The reporting person disclaims
beneficial ownership of these shares.
Reflects two-for-one stock split effected August 21, 1997.
(2) The reporting person directly owns one Director Stock Option to purchase
7,500 shares of Common Stock of the Issuer and one Director Stock Option
to purchase 4,000 shares of Common Stock of the Issuer (both options
previously reported). Reflects two-for-one stock split effected August
21, 1997.
Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ William E. Macaulay
_____________________________
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.
