SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Rule 13d-102
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
COFLEXIP STENA OFFSHORE GROUP S.A.
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(Name of Issuer)
Sponsored American Depository Receipts
- --------------------------------------------------------------------------------
(Title of Class of Securities)
192384105
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(CUSIP Number)
December 31, 1999
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
|X| Rule 13d-1 (b)
|_| Rule 13d-1 (c)
|_| Rule 13d-1 (d)
- ----------
* 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).
<PAGE>
CUSIP No. 192384105 13G Page 2 of 13 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Trustees of General Electric Pension Trust
I.R.S. #14-6015763
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
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5 SOLE VOTING POWER
None
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 755,254
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
755,254
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
755,254
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.74% (17.64% if aggregated with the shares beneficially owned by General
Electric Investment Corporation and GE Asset Management Incorporated)
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
EP
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 192384105 13G Page 3 of 13 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Electric Investment Corporation, as Investment Manager of GEPT
(as defined below) and Investment Adviser of certain other entities and
accounts
I.R.S. #22-2152310
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
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5 SOLE VOTING POWER
194,656
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 755,254
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 194,656
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
755,254
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
949,960
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.99% (17.64% if aggregated with the shares beneficially owned by GE Asset
Management Incorporated)
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA, CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 192384105 13G Page 4 of 13 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GE Asset Management Incorporated (formerly, GE Investment Management
Incorporated), as Investment Adviser to certain entities and accounts
I.R.S. #06-1238874
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
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5 SOLE VOTING POWER
574,920
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 574,920
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
574,920
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.65% (17.64% if aggregated with the shares beneficially owned by General
Electric Investment Management Incorporated)
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA, CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 192384105 13G Page 5 of 13 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Electric Company
I.R.S. #14-0689340
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
Disclaimed (see 9 below)
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON Disclaimed (see 9 below)
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Beneficial ownership of all shares disclaimed by General Electric Company
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Disclaimed (see 9 above) |X|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Not applicable (see 9 above)
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
INTRODUCTORY NOTE: This Amendment No. 3 amends the Statement on Schedule 13G
filed on behalf of General Electric Company, a New York corporation ("GE"),
General Electric Investment Corporation, a Delaware corporation and a wholly
owned subsidiary of GE ("GEIC"), GE Asset Management Incorporated (formerly, GE
Investment Management Incorporated), a Delaware corporation and a wholly owned
subsidiary of GE ("GEAM") and the Trustees of General Electric Pension Trust, a
New York common law trust ("GEPT") on February 19, 1997, as amended on February
13, 1998 and as amended on February 16, 1999 (as amended, the "Schedule 13G").
GEIC is a registered investment adviser and acts as the Investment Manager of
GEPT, and as an Investment Adviser to certain other entities and accounts, and
may be deemed to be a beneficial owner of 755,254 shares of Sponsored American
Depository Receipts ("ADR's") of COFLEXIP STENA OFFSHORE GROUP S.A. (the
"Issuer") owned by GEPT and of 194,656 shares of ADR's of the Issuer owned by
such other entities and accounts. GEAM is a registered investment adviser and
acts as an Investment Adviser to certain entities and accounts, and may be
deemed to be the beneficial owner of 574,920 shares of ADR's of the Issuer owned
by such entities or accounts. GEAM, GEPT and GEIC each expressly disclaim that
they are members of a "group". GE disclaims beneficial ownership of all shares
and expressly disclaims that it is a member of a "group".
The Items to Schedule 13G are hereby amended to read as follows:
Item 4 Ownership
<TABLE>
<CAPTION>
GEPT GEIC GEAM GE
<S> <C> <C> <C> <C>
(a) Amount beneficially owned 755,254 949,960 574,920 0
(b) Percent of class 8.74% 10.99% 6.65% disclaimed
(c) No. of shares to which person has
(i) sole power to vote or
direct the vote None 194,656 574,920 None
(ii) shared power to vote or
direct 755,254 755,254 None disclaimed
(iii) sole power to dispose
or to direct disposition None 194,656 574,920 None
(iv) shared power to dispose
or to direct disposition 755,254 755,254 None disclaimed
</TABLE>
Note: The percentages are based on the total ADR's outstanding as represented to
the filing person by Bank of New York acting as custodian of the ADR's.
Page 6 of 13
<PAGE>
Item 5 Ownership of Five Percent or Less of Class
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following:
|X|
Item 10 Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held
in the ordinary course of business and were not acquired and are not
held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
Page 7 of 13
<PAGE>
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.
Dated: February 14, 2000
GENERAL ELECTRIC PENSION TRUST
By: General Electric Investment
Corporation, its Investment Manager
By: /s/ Michael M. Pastore
------------------------------------
Name: Michael M. Pastore
Title: Vice President
Page 8 of 13
<PAGE>
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.
Dated: February 14, 2000
GENERAL ELECTRIC INVESTMENT CORPORATION
By: /s/ Michael M. Pastore
------------------------------------
Name: Michael M. Pastore
Title: Vice President
Page 9 of 13
<PAGE>
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.
Dated: February 14, 2000
GE ASSET MANAGEMENT INCORPORATED
By: /s/ Michael M. Pastore
------------------------------------
Name: Michael M. Pastore
Title: Vice President
Page 10 of 13
<PAGE>
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.
Dated: February 14, 2000
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
------------------------------------
Name: John H. Myers
Title: Vice President
Page 11 of 13
<PAGE>
Schedule I
JOINT FILING AGREEMENT
This will confirm the agreement by and between all the undersigned
that the Schedule 13G on or about this date and any amendments thereto with
respect to the beneficial ownership by the undersigned of shares of Sponsored
American Depository Receipts of COFLEXIP STENA OFFSHORE GROUP S.A. is being
filed on behalf of each of the undersigned.
Dated: February 14, 2000 GENERAL ELECTRIC PENSION TRUST
By: General Electric Investment
Corporation, its Investment Manager
By: /s/ Michael M. Pastore
------------------------------------
Name: Michael M. Pastore
Title: Vice President
GENERAL ELECTRIC INVESTMENT CORPORATION
By: /s/ Michael M. Pastore
------------------------------------
Name: Michael M. Pastore
Title: Vice President
GE ASSET MANAGEMENT INCORPORATED
By: /s/ Michael M. Pastore
------------------------------------
Name: Michael M. Pastore
Title: Vice President
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
------------------------------------
Name: John H. Myers
Title: Vice President
Page 12 of 13
<PAGE>
Schedule II
TRUSTEES OF GENERAL ELECTRIC PENSION TRUST
3003 Summer Street, P.O. Box 7900
Stamford, Connecticut 06904
The names of the Trustees of General Electric Pension Trust are as follows:
Eugene K. Bolton
Michael J. Cosgrove
Ralph R. Layman
Alan M. Lewis
Robert A. MacDougall
John H. Myers
Donald W. Torey
John J. Walker
Page 13 of 13
