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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 6)*
HALLWOOD CONSOLIDATED RESOURCES CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
40636V208
(CUSIP Number)
LYNN BUHLER, ESQ., C/O Glankler Brown, PLLC, 1700 One Commerce Sq.,
Memphis, TN 38103
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
August 28, 1998
(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 the statement [ ]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting 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 five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) 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).
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SCHEDULE 13D
<TABLE>
<CAPTION>
CUSIP NO.40636V208 PAGE 2 OF 4 PAGES
<S> <C>
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Estate of William Baxter Lee, III
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
N/A
3. SEC USE ONLY
4. SOURCE OF FUNDS*
PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [ ]
TO ITEMS 2(d) OR 2(e)
N/A
6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7. SOLE VOTING POWER 293,800
8. SHARED VOTING POWER -0-
9. SOLE DISPOSITIVE POWER 293,800
10. SHARED DISPOSITIVE POWER -0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
293,800
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
N/A
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 9.8%
14. TYPE OF REPORTING PERSON*
OO
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
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SCHEDULE 13D
CUSIP NO.40636V208 PAGE 3 OF 4 PAGES
ITEM 1. SECURITY AND ISSUER
No amendment.
ITEM 2. IDENTITY AND BACKGROUND
(a) Estate of William Baxter Lee, III
(b) No amendment.
(c) Estate of William Baxter Lee, III
c/o SSC Service Solutions
406 Willow Avenue
Knoxville, Tennessee 37901
(d) No amendment.
(e) No amendment.
(f) No amendment.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
William Baxter Lee, III purchased the shares of common stock to which
this statement relates with personal funds through brokers in open market
transactions and acquired additional shares in a 3-for-1 stock split declared by
the Issuer in August 1997. Mr. Lee died in August 1998 and his Estate now holds
the shares acquired by him.
ITEM 4. PURPOSE OF TRANSACTION
No amendment.
ITEM 5. INTEREST OF SECURITIES OF THE ISSUER
(a) The aggregate number of shares of common stock of the Issuer
beneficially owned by the Reporting Person is 293,800, which
shares constitute approximately 9.8% of the shares
outstanding, based.
(b) The Reporting Person has sole power to vote and dispose of the
293,800 shares.
(c) No transactions were effected by the Reporting Person during
the past sixty days.
(d) No amendment.
(e) No amendment.
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SCHEDULE 13D
CUSIP NO.40636V208 PAGE 4 OF 4 PAGES
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
EQUITY HOLDER RELATIONSHIPS WITH AFFILIATES. The Reporting Person owns
and holds voting and dispositive power over the equity securities of certain
entities affiliated with the Issuer.
The Hallwood Group, Inc. ("HWG") is the general partner of Hallwood
Energy Partners, L.P. ("HEP"). The Reporting Person owns 59,500 shares
(approximately 4.8%) of the outstanding common stock of HWG.
The Reporting Person owns 715,000 units (approximately 7.2%) of HEP's
outstanding Class A limited partnership interests and 40,033 units
(approximately 1.7%) of HEP's outstanding Class C units.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
N/A
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.
October 15, 1998
/s/ Don R. Williams
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Signature
Donald Williams, Executor
Estate of William Baxter Lee, III
