OMB APPROVAL
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB Number: 3235-0145
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October 31, 1997
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
TATHAM OFFSHORE, INC.
(Name of Issuer)
Common Stock, $.01 Par Value
(Title of Class of Securities)
876628108
(CUSIP Number)
Martin D. Sklar, Esq., Kleinberg, Kaplan, Wolff & Cohen, P.C.
551 Fifth Avenue, 18th Floor
New York, New York 10176, Tel: (212) 986-6000
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
July 1, 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 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).
(Continued on the Following Pages)
Page 1 of 12 Pages
SCHEDULE 13D
CUSIP No. 876628108
Page 2 of 12 Pages
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Elliott Associates, L.P., a Delaware Limited
Partnership
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a)
(b)
3
SEC USE ONLY
4
SOURCE OF FUNDS*
00
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
11,914,527
8
SHARED VOTING POWER
0
9
SOLE DISPOSITIVE POWER
11,914,527
10
SHARED DISPOSITIVE POWER
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,914,527
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.17%
14
TYPE OF REPORTING PERSON*
PN*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 17
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
SCHEDULE 13D
CUSIP No. 876628108
Page 3 of 12 Pages
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Westgate International, L.P., a Cayman Islands
Limited Partnership
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a)
(b)
3
SEC USE ONLY
4
SOURCE OF FUNDS*
00
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
0
8
SHARED VOTING POWER
1,977,153
9
SOLE DISPOSITIVE POWER
0
10
SHARED DISPOSITIVE POWER
1,977,153
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,977,153
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.30%
14
TYPE OF REPORTING PERSON*
PN*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 17
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
SCHEDULE 13D
CUSIP No. 876628108
Page 4 of 12 Pages
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Martley International, Inc., a Delaware
corporation
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a)
(b)
3
SEC USE ONLY
4
SOURCE OF FUNDS*
00
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
0
8
SHARED VOTING POWER
1,977,153
9
SOLE DISPOSITIVE POWER
0
10
SHARED DISPOSITIVE POWER
1,977,153
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,977,153
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.30%
14
TYPE OF REPORTING PERSON*
CO*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 17
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
ITEM 1. Security and Issuer
This statement relates to the Common Stock, $.01 par
value (the "Common Stock"), of
Tatham Offshore, Inc. (the "Issuer"). The Issuer's principal
executive office is located at 7400 Texas
Commerce Tower, 600 Travis Street, Houston, Texas 77002.
ITEM 2. Identity and Background
(a)-(c) The names of the persons filing this
statement on Schedule 13D are: Elliott
Associates, L.P., a Delaware limited partnership, and its
wholly-owned subsidiaries ("Elliott"), Westgate
International, L.P., a Cayman Islands limited partnership
("Westgate"), and Martley International, Inc.,
a Delaware corporation ("Martley"). Paul E. Singer ("Singer")
and Braxton Associates, L.P., a New
Jersey limited partnership ("Braxton LP"), which is controlled by
Singer, are the general partners of
Elliott. Hambledon, Inc., a Cayman Islands corporation
("Hambledon"), is the sole general partner of
Westgate. Martley is the investment manager for Westgate.
Martley expressly disclaims equitable
ownership of and pecuniary interest in any Common Stock.
ELLIOTT
The business address of Elliott is 712 Fifth Avenue,
36th Floor, New York, New York
10019.
The principal business of Elliott is to purchase,
sell, trade and invest in securities.
SINGER
Singer's business address is 712 Fifth Avenue,
36th Floor, New York, New York
10019.
Singer's principal occupation or employment is
that of serving as general partner
of Elliott and Braxton LP and president of Martley.
BRAXTON LP
The business address of Braxton LP is 1086
Teaneck Road, Teaneck, New Jersey
07666.
The principal business of Braxton LP is the
furnishing of investment advisory
services.
The names, business addresses, and present
principal occupation or employment
of the general partners of Braxton LP are as
follows:
NAME
ADDRESS
OCCUPATION
Paul E. Singer
712 Fifth Avenue
36th Floor
New York, New York 10019
General partner of Elliott and
Braxton LP and President of
Martley
Braxton
Associates, Inc.
1086 Teaneck Road
Teaneck, New Jersey 07666
The principal business of Braxton
Associates, Inc. is serving as
general partner of Braxton LP
The name, business address, and present
principal occupation or employment
of each director and executive officer of Braxton
Associates, Inc. are as follows:
NAME
ADDRESS
OCCUPATION
Paul E. Singer
712 Fifth Avenue
36th Floor
New York, New York 10019
General partner of Elliott and
Braxton LP and President of
Martley
WESTGATE
The business address of Westgate is Westgate
International, L.P., c/o Midland Bank
Trust Corporation (Cayman) Limited, P.O. Box 1109, Mary Street,
Grand Cayman, Cayman Islands,
British West Indies.
The principal business of Westgate is to purchase,
sell, trade and invest in securities.
The name, business address, and present principal
occupation or employment of the
general partner of Westgate are as follows:
NAME
ADDRESS
OCCUPATION
Hambledon, Inc.
Hambledon, Inc.
c/o Midland Bank Trust
Corporation (Cayman) Limited
P.O. Box 1109
Mary Street
Grand Cayman
Cayman Islands
British West Indies
The principal business of
Hambledon is serving as general
partner of Westgate
HAMBLEDON, INC.
The name, business address, and present
principal occupation or employment
of each director and executive officer of Hambledon
are as follows:
NAME
ADDRESS
OCCUPATION
Paul E. Singer
712 Fifth Avenue
36th Floor
New York, NY 10019
General partner of Elliott and
Braxton LP and President of Martley
MARTLEY INTERNATIONAL, INC.
The business address of Martley is 1086 Teaneck
Road, Teaneck, New Jersey 07666.
The principal business of Martley is to act as
investment manager for Westgate.
The name, business address, and present principal
occupation or employment of each
director and executive officer of Martley are as follows:
NAME
ADDRESS
OCCUPATION
Paul E. Singer
712 Fifth Avenue
36th Floor
New York, NY 10019
General partner of Elliott
and Braxton LP and
President of Martley
(d) and (e) During the last five years, none of the
persons or entities above has been
(i) convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors); or (ii)
a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction and as a
result of such proceeding was or is subject to a judgment, decree
or final order enjoining future
violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or
finding any violation with respect to such laws.
(f) All of the natural persons listed above are
citizens of the United States of America.
ITEM 3. Source and Amount of Funds or Other Consideration
The source and amount of funds used by Elliott in
making purchases of the Common
Stock beneficially owned by it are set forth below.
SOURCE OF FUNDS
AMOUNT OF FUNDS
Margin accounts maintained at Merrill Lynch,
Pierce, Fenner and Smith Inc. and Bear,
Stearns & Co. Inc.
$7,857,457
The source and amount of funds used by Westgate in
making purchases of the
Common Stock beneficially owned by it are set forth below.
SOURCE OF FUNDS
AMOUNT OF FUNDS
Margin accounts maintained at First
Chicago/NBD Corp. and Merrill Lynch,
Pierce, Fenner and Smith Inc.
$1,306,250
ITEM 4. Purpose of Transaction
Each of Elliott and Westgate acquired the Common
Stock beneficially owned by it in
the ordinary course of its trade or business of purchasing,
selling, trading and investing in securities.
Martley has acted as investment manager with respect to
Westgate's acquisition of its Common
Stock.
Depending upon market conditions and other factors
that it may deem material, each
of Elliott and Westgate may purchase additional Common Stock or
may dispose of all or a portion
of the Common Stock that it now beneficially owns or may
hereafter acquire.
The Issuer has indicated its intent to nominate Jon
Pollock, an employee of an affiliate
of Elliott, to serve on the Issuer's Board of Directors, and Mr.
Pollock has agreed to accept such
nomination.
Except as set forth herein, none of Elliott,
Westgate or Martley has any plans or
proposals which relate to or would result in any of the actions
set forth in subparagraphs (a) through
(j) of Item 4.
ITEM 5. Interest in Securities of the Issuer
(a) Elliott owns 5,187,784 shares of Series A 12%
Convertible Exchangeable
Preferred Stock (the "Preferred Stock") which is convertible into
11,914,527 shares of Common
Stock, representing 32.17% of the class of Common Stock.
Westgate owns (i) 25,000 shares of Common Stock and
(ii) 850,000 shares of
Preferred Stock which is convertible into 1,952,153 shares of
Common Stock, together representing
7.30% of the class of Common Stock.
(b) Elliott has the power to vote or direct the
vote of, and to dispose or direct the
disposition of, the Common Stock beneficially owned by it.
Westgate has the shared power with Martley to vote
or direct the vote of, and to
dispose or direct the disposition of, the Common Stock owned by
Westgate. Information regarding
each of Westgate and Martley for the purposes of subparagraph (b)
of this Item 5 is set forth in Item
2 above and expressly incorporated by reference herein.
(c) The following transactions were effected by
Elliott during the past sixty (60) days:
DATE
SECURITY
AMOUNT
BOUGHT (SOLD)
PRICE,
EXCLUDING
COMMISSION
TYPE OF
TRANSACTION
05/01/96
Common Stock
(10,000)
$ 1.313
Over-the-counter (in
New York)
05/03/96
Common Stock
(13,000)
$ 1.236
Over-the-counter (in
New York)
05/03/96
Common Stock
(25,000)
$ 1.219
Over-the-counter (in
New York)
05/08/96
Common Stock
(25,000)
$ 1.338
Over-the-counter (in
New York)
05/09/96
Common Stock
(20,000)
$ 1.375
Over-the-counter (in
New York)
05/15/96
Common Stock
(9,000)
$ 1.313
Over-the-counter (in
New York)
05/17/96
Common Stock
(5,000)
$ 1.313
Over-the-counter (in
New York)
05/17/96
Common Stock
(12,000)
$ 1.313
Over-the-counter (in
New York)
05/21/96
Common Stock
(3,000)
$ 1.313
Over-the-counter (in
New York)
05/22/95
Common Stock
(7,000)
$ 1.336
Over-the counter (in
New York)
05/22/96
Common Stock
(6,400)
$ 1.336
Over the counter (in
New York)
05/23/96
Common Stock
(20,000)
$ 1.352
Over-the-counter (in
New York)
05/24/96
Common Stock
(4,000)
$ 1.375
Over-the-counter (in
New York)
05/29/96
Common Stock
(21,000)
$ 1.313
Over-the-counter (in
New York)
05/30/96
Common Stock
(15,000)
$ 1.313
Over-the-counter (in
New York)
05/31/96
Common Stock
(15,000)
$ 1.375
Over-the-counter (in
New York)
06/03/96
Common Stock
(35,000)
$ 1.383
Over-the-counter (in
New York)
06/03/96
Common Stock
(5,000)
$ 1.383
Over-the-counter (in
New York)
06/07/96
Common Stock
(11,000)
$ 1.790
Over-the-counter (in
New York)
06/10/96
Common Stock
(10,000)
$ 1.625
Over-the-counter (in
New York)
06/10/96
Common Stock
(15,000)
$ 1.625
Over-the-counter (in
New York)
06/14/96
Common Stock
(1,700)
$ 1.375
Over-the-counter (in
New York)
06/14/96
Common Stock
(3,300)
$ 1.375
Over-the-counter (in
New York)
06/17/96
Common Stock
(25,000)
$ 1.250
Over-the-counter (in
New York)
07/01/96
Preferred Stock
5,012,784
$ 2.000
Warrant exercise
07/01/96
Preferred Stock
175,000
$ 2.000
Warrant exercise
The following transactions were effected by Westgate
during the past sixty (60) days:
DATE
SECURITY
AMOUNT BOUGHT
(SOLD)
PRICE,
EXCLUDING
COMMISSION
TYPE OF
TRANSACTION
06/10/96
Common Stock
25,000
$ 1.625
Over-the-counter (in
New York)
06/12/96
Common Stock
(1,500)
$ 1.313
Over-the-counter (in
New York)
06/13/96
Common Stock
(23,500)
$ 1.300
Over-the-counter (in
New York)
06/17/96
Common Stock
25,000
$ 1.250
Over-the-counter (in
New York)
07/01/96
Preferred Stock
850,000
$ 2.000
Warrant exercise
(d) No person other than Elliott has the right to
receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the
shares of Common Stock beneficially
owned by Elliott.
No person other than Westgate has the right to
receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the
shares of Common Stock beneficially
owned by Westgate and Martley.
(e) Not applicable.
ITEM 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the
Issuer
Elliott has granted three call options on an
aggregate of 2,447,035 shares of Preferred
Stock exercisable on December 31, 1996 with an exercise price of
$1.80 per share.
The Reporting Persons have executed a certain Joint
Filing Agreement dated as of July
1, 1996 with respect to securities of the Issuer.
ITEM 7. Material To Be Filed As Exhibit
Exhibit A - Joint Filing Agreement
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned
each certifies that the information with respect to it set forth
in this statement is true, complete, and
correct.
Dated: September 12, 1996 ELLIOTT ASSOCIATES,
L.P.
By:
Paul E. Singer
General Partner
WESTGATE INTERNATIONAL, L.P.
By: Martley International, Inc., as
Investment Manager
By:
Paul E. Singer
President
MARTLEY INTERNATIONAL, INC.
By:
Paul E. Singer
President
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule
13D with respect to the
Common Stock of Tatham Offshore, Inc., dated July 1, 1996, is,
and any further amendments thereto
signed by each of the undersigned shall be, filed on behalf of
each of the undersigned pursuant to
and in accordance with the provisions of Rule 13d-2(f) under the
Securities Exchange Act of 1934,
as amended.
Dated as of: July 1, 1996
ELLIOTT ASSOCIATES, L.P.
By: PAUL E. SINGER
GENERAL PARTNER
WESTGATE INTERNATIONAL, L.P.
By: Martley International, Inc., as
Investment
Manager
By: PAUL E.
SINGER
PRESIDENT
MARTLEY INTERNATIONAL, INC.
By: PAUL E. SINGER
PRESIDENT
