Page 1
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Oxford Resources Corp.
(Name of Issuer)
Common Stock-Class A
(Title of Class of Securities)
691808109
(CUSIP Number)
Charles A. Nalbone, Bear, Stearns & Co. Inc.
115 South Jefferson Road, Whippany, NJ 07981
(201) 739-2202
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 12, 1997
(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 this 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: When filing this statement, in paper format, six copies of
this statement, including exhibits, should be filed with the Commission.
See Rule 13d-1(a) for other parties to whom copies are to be sent.
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CUSIP NO. 691808109
13D
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. NOTIFICATION NO. OF ABOVE PERSON:
BEAR, STEARNS & CO. INC.
IRS #13-3299429
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*:
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*:
WC,PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d)(e):
[ X ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
7 SOLE VOTING POWER:
323,165
8 SHARED VOTING POWER:
42,332
9 SOLE DISPOSITIVE POWER:
323,165
10 SHARED DISPOSITIVE POWER:
42,332
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
365,497
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*:
[ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
5.1
14 TYPE OF REPORTING PERSON*:
BD
See Instructions Before Filling Out!
Page 3
SCHEDULE 13D
Item 1: Security and Issuer
(a) Title and Class: Common Stock - Class A
(b) Name and address: Oxford Resources Corp.
270 South Servive Road
Melville, New York 10167
Item 2: Identity and Background Identity
(a) Name: Bear, Stearns & Co. Inc. ("Bear
Stearns")
(b) Place of Organization: Delaware
(c)(i) Principal Business: Securities Broker/Dealer
(ii) Address: 245 Park Avenue
New York, NY 10167
The following information with respect to each executive officer and
director of Bear Stearns is set forth on Appendix I hereto: (i) name,
(ii) business address, and (iii) principal occupation or employment.
(d) None
(e) See Appendix II
(f) See Appendix I
Item 3: Source and Amount of Funds or Other Consideration
Working capital of Bear Stearns and the personal funds of discretionary
accounts. The aggregate purchase price of the 365,497 shares of Common Stock-
Class A was approximately $107,796,766.
Item 4: Purpose of Transaction
Bear Stearns has acquired the Common Stock-Class A of Oxford Resources
Corp.in the ordinary course of its business as a broker/dealer in connection
with its trading and investment activities. Bear Stearns may acquire additional
securities of the Issuer or dispose of securities of the Issuer in connection
with such trading and investment activities. Although the foregoing
represents the range of activities presently contemplated by Bear Stearns
with respect to the Issuer, it should be noted that the possible activities
of Bear Stearns are subject to change at any time.
Except as set forth above, Bear Stearns has no present plans or
intentions which relate to or would result in any of the actions described in
subparagraph (a) through (j) of Item 4 of Schedule 13D.
Page 4
SCHEDULE 13D
Item 5: Interest in Securities of the Issuer as of 2/12/97
(a) Number: 365,497
Percentage: 5.1
(b) 1. Sole power to vote or to direct the vote: 323,165
2. Shared power to vote or to direct the vote: 42,332
3. Sole power to dispose or to direct the disposition: 323,165
4. Shared power to dispose or to direct the disposition: 42,332
(c) Information concerning transactions in the common stock effected by
Bear Stearns is set forth on Appendix III hereto.
(d) Inapplicable
(e) Inapplicable
Item 6: Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer:
None
Item 7: Material to be Filed as Exhibits:
None
Page 5
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: 2/21/97 BEAR, STEARNS & CO. INC.
By: /s/
Barry J. Cohen
Senior Managing Director
APPENDIX I
DIRECTORS AND EXECUTIVE OFFICERS OF BEAR, STEARNS & CO. INC.
Name Principal Occupation or Employment
Alan C. Greenberg Chairman of the Board and Director
James E. Cayne President, Chief Executive Officer and Director
Alan D. Schwartz Executive Vice President and Director
Warren J. Spector Executive Vice President and Director
Michael L. Tarnopol Executive Vice President and Director
John L. Knight Director
John M. Slade Director Emeritus
Kenneth L. Edlow Secretary
William J. Montgoris Chief Operating Officer
Michael J. Abatemarco Controller and Assistant Secretary
Michael Minikes Treasurer
Frederick B. Casey Assistant Treasurer
Mark E. Lehman Executive Vice President, General Counsel and
Director
Samuel L. Molinaro, Jr. Chief Financial Officer
John L. Knight is a citizen of the United Kingdom and his business
address is One Canada Square London E16 5AD England. Michael J. Abatemarco
is a citizen of the United States and his business address is One Metrotech
Center North, Brooklyn, New York 11201. All other Directors and Executive
Officers are citizens of the United States and their business address is 245
Park Avenue, New York, New York 10167. Bear, Stearns & Co. Inc. is a
wholly-owned subsidiary of The Bear Stearns Companies Inc. and of the persons
named, all but John L. Knight hold similar office in the parent company.
APPENDIX II
REGULATORY
November 19, 1991: The Commodity Futures Trading Commission filed
its complaint against Bear Stearns and Stephen Johnson. Bear Stearns entered
into a simultaneous settlement without admitting or denying the charges which
had alleged three counts of violation of the Commodity Exchange Act: (i)
failure to prepare a written record of orders including the account
identification for orders placed on the Chicago Mercantile Exchange from the
Dallas Branch Cattle Desk in the period July 1986 to February 1988
(Regulation 1.35 (a-l) (2)); (ii) failure to supervise the Dallas Branch
Office Cattle Desk and the CME Floor (Regulation 166.3); and (iii) violation
of a July 25, 1986 Cease and Desist involving failure to supervise order
entry process. Bear Stearns neither admitting or denying the charges, paid
$250,000 in settlement, and is ordered to cease and desist further violations
of these three regulations.
January 16, 1992: In the Matter of the Distribution of Securities
Issued by Certain Government Sponsored Enterprises: We, along with most of
the other major dealers and banks, have settled an SEC administrative
proceeding relating to our participation in the primary distributions of
certain unsecured debt securities issued by GSEs (such as Fannie Mae,
Freddie Mac, Federal Home Bank) by agreeing to a $100,000 fine, an order
that we cease and desist from any further recordkeeping violations in
connection with the distribution of the securities and undertaking to
develop, implement and maintain policies reasonably designed to assure our
future compliance with proper recordkeeping rules.
APPENDIX III
BEAR, STEARNS & CO. INC.
Oxford Resources Corp.
Trading from 1/15/97 through 2/12/97
DATE QUANTITY DESCRIPTION PRICE / ENTRY AMOUNT
2/12/97 100 OXFORD RESOURCES CORP 42.5000 4,250.00
2/12/97 4,500 OXFORD RESOURCES CORP 41.5000 186,750.00
2/12/97 3,600 OXFORD RESOURCES CORP 41.2500 148,500.00
2/12/97 5,000 OXFORD RESOURCES CORP 41.8750 209,375.00
2/12/97 (1,000) OXFORD RESOURCES CORP 41.8750 (41,875.00)
2/12/97 1,000 OXFORD RESOURCES CORP 41.3750 41,375.00
2/12/97 (1,000) OXFORD RESOURCES CORP 42.3750 (42,375.00)
2/12/97 3,400 OXFORD RESOURCES CORP 41.6250 141,525.00
2/12/97 (1,000) OXFORD RESOURCES CORP 41.6250 (41,625.00)
2/12/97 1,500 OXFORD RESOURCES CORP 41.2500 61,875.00
2/12/97 2,000 OXFORD RESOURCES CORP 42.0000 84,000.00
2/12/97 4,400 OXFORD RESOURCES CORP 41.6875 183,425.00
2/12/97 2,000 OXFORD RESOURCES CORP 41.8125 83,625.00
2/12/97 (50) OXFORD RESOURCES CORP 42.0000 (2,100.00)
2/12/97 3,200 OXFORD RESOURCES CORP 41.4375 132,600.00
2/11/97 56 OXFORD RESOURCES CORP 41.5000 2,324.00
2/11/97 5,200 OXFORD RESOURCES CORP 41.8125 217,425.00
2/11/97 10,400 OXFORD RESOURCES CORP 42.0000 436,800.00
2/11/97 600 OXFORD RESOURCES CORP 41.8750 25,125.00
2/10/97 34 OXFORD RESOURCES CORP 41.6250 1,415.25
2/10/97 (7,500) OXFORD RESOURCES CORP 41.6250 (312,187.50)
2/10/97 13,900 OXFORD RESOURCES CORP 41.7500 580,325.00
2/10/97 20,000 OXFORD RESOURCES CORP 41.8750 837,500.00
2/10/97 (4,500) OXFORD RESOURCES CORP 41.8750 (188,437.50)
2/10/97 (1,000) OXFORD RESOURCES CORP 41.5000 (41,500.00)
2/10/97 (1,000) OXFORD RESOURCES CORP 41.0000 (41,000.00)
2/10/97(10,000) OXFORD RESOURCES CORP 41.6875 (416,875.00)
2/7/97 11,000 OXFORD RESOURCES CORP 40.8750 449,625.00
2/7/97 1,000 OXFORD RESOURCES CORP 40.1250 40,125.00
2/7/97 (2,500) OXFORD RESOURCES CORP 40.1250 (100,312.50)
2/7/97 1,000 OXFORD RESOURCES CORP 40.3750 40,375.00
2/7/97 4,000 OXFORD RESOURCES CORP 40.2500 161,000.00
2/7/97 14,200 OXFORD RESOURCES CORP 40.7500 578,650.00
2/6/97 20,000 OXFORD RESOURCES CORP 39.6875 793,750.00
2/6/97 9,400 OXFORD RESOURCES CORP 39.7500 373,650.00
2/6/97 3,500 OXFORD RESOURCES CORP 39.5000 138,250.00
2/6/97 (45,500) OXFORD RESOURCES CORP 39.7679 (1,809,439.45)
2/5/97 9,000 OXFORD RESOURCES CORP 39.7500 357,750.00
2/5/97 5,000 OXFORD RESOURCES CORP 39.5000 197,500.00
2/5/97 1,000 OXFORD RESOURCES CORP 39.3750 39,375.00
2/5/97 (1,000) OXFORD RESOURCES CORP 39.3750 (39,375.00)
2/5/97 5,000 OXFORD RESOURCES CORP 39.2500 196,250.00
2/5/97 (15,000) OXFORD RESOURCES CORP 39.6500 (594,750.00)
2/4/97 200 OXFORD RESOURCES CORP 39.3750 7,875.00
2/4/97 (1,000) OXFORD RESOURCES CORP 39.3750 (39,375.00)
2/4/97 5,400 OXFORD RESOURCES CORP 39.8125 214,987.50
2/4/97 (5,500) OXFORD RESOURCES CORP 39.8125 (218,968.75)
2/4/97 1,500 OXFORD RESOURCES CORP 39.7500 59,625.00
2/4/97 (1,000) OXFORD RESOURCES CORP 39.7500 (39,750.00)
2/4/97 4,000 OXFORD RESOURCES CORP 39.2500 157,000.00
2/4/97 5,000 OXFORD RESOURCES CORP 39.5000 197,500.00
2/3/97 5,000 OXFORD RESOURCES CORP 38.1875 190,937.50
2/3/97 49,700 OXFORD RESOURCES CORP 38.1250 1,894,812.50
2/3/97 (1,000) OXFORD RESOURCES CORP 38.7500 (38,750.00)
2/3/97 (10,000) OXFORD RESOURCES CORP 38.2750 (382,750.00)
2/3/97 (47,000) OXFORD RESOURCES CORP 38.2500 (1,797,750.00)
1/31/97 1,000 OXFORD RESOURCES CORP 38.0000 38,000.00
1/31/97 1,000 OXFORD RESOURCES CORP 38.2500 38,250.00
1/31/97(23,000) OXFORD RESOURCES CORP 38.2500 (879,750.00)
1/31/97 3,500 OXFORD RESOURCES CORP 38.5000 134,750.00
1/31/97297,300 OXFORD RESOURCES CORP 38.3160 11,391,346.80
1/31/97(18,000) OXFORD RESOURCES CORP 38.7500 (697,500.00)
1/31/97 (2,500) OXFORD RESOURCES CORP 38.5625 (96,406.25)
1/31/97 (5,000) OXFORD RESOURCES CORP 38.3750 (191,875.00)
1/31/97(23,000) OXFORD RESOURCES CORP 38.2500 (879,750.00)
1/31/97(90,000) OXFORD RESOURCES CORP 38.6701 (3,480,309.00)
1/31/97(113,500)OXFORD RESOURCES CORP 38.4317 (4,361,997.95)
1/30/97 25,400 OXFORD RESOURCES CORP 38.7500 984,250.00
1/30/97 4,500 OXFORD RESOURCES CORP 38.3750 172,687.50
1/30/97 1,000 OXFORD RESOURCES CORP 38.3125 38,312.50
1/30/97 300 OXFORD RESOURCES CORP 39.0000 11,700.00
1/30/97 (7,500) OXFORD RESOURCES CORP 38.8750 (291,562.50)
1/30/97 (5,000) OXFORD RESOURCES CORP 38.8125 (194,062.50)
1/30/97(20,000) OXFORD RESOURCES CORP 38.6250 (772,500.00)
1/29/97 5,000 OXFORD RESOURCES CORP 38.3125 191,562.50
1/29/97 600 OXFORD RESOURCES CORP 37.1250 22,275.00
1/29/97 1,000 OXFORD RESOURCES CORP 38.7500 38,750.00
1/29/97 (4,000) OXFORD RESOURCES CORP 38.7500 (155,000.00)
1/29/97 4,600 OXFORD RESOURCES CORP 37.7500 173,650.00
1/29/97 5,000 OXFORD RESOURCES CORP 38.0000 190,000.00
1/29/97 (130) OXFORD RESOURCES CORP 38.8750 (5,053.75)
1/29/97 (1,000) OXFORD RESOURCES CORP 38.3750 (38,375.00)
1/29/97 (3,900) OXFORD RESOURCES CORP 38.0000 (148,200.00)
1/28/97 3,100 OXFORD RESOURCES CORP 38.6250 119,737.50
1/28/97 1,000 OXFORD RESOURCES CORP 38.3750 38,375.00
1/28/97 37,900 OXFORD RESOURCES CORP 38.3819 1,454,674.01
1/28/97(42,000) OXFORD RESOURCES CORP 37.7500 (1,585,500.00)
1/27/97 2,600 OXFORD RESOURCES CORP 37.8750 98,475.00
1/27/97(16,900) OXFORD RESOURCES CORP 37.8750 (640,087.50)
1/24/97 21,900 OXFORD RESOURCES CORP 37.6250 823,987.50
1/24/97 (2,000) OXFORD RESOURCES CORP 38.5000 (77,000.00)
1/24/97 400 OXFORD RESOURCES CORP 38.0000 15,200.00
1/24/97 1,000 OXFORD RESOURCES CORP 37.8125 37,812.50
1/24/97 6,700 OXFORD RESOURCES CORP 37.9375 254,181.25
1/24/97 90,000 OXFORD RESOURCES CORP 37.9375 3,414,375.00
1/24/97 (1,000) OXFORD RESOURCES CORP 38.2500 (38,250.00)
1/24/97(14,900) OXFORD RESOURCES CORP 37.8750 (564,337.50)
1/24/97(100,000)OXFORD RESOURCES CORP 38.0625 (3,806,250.00)
1/23/97 500 OXFORD RESOURCES CORP 38.5000 19,250.00
1/23/97 800 OXFORD RESOURCES CORP 39.1250 31,300.00
1/23/97 1,000 OXFORD RESOURCES CORP 39.0000 39,000.00
1/23/97 1,000 OXFORD RESOURCES CORP 38.4375 38,437.50
1/22/97 920 OXFORD RESOURCES CORP 38.1250 35,075.00
1/22/97 1,200 OXFORD RESOURCES CORP 38.0000 45,600.00
1/22/97 20,000 OXFORD RESOURCES CORP 38.2500 765,000.00
1/22/97(20,000) OXFORD RESOURCES CORP 38.6875 (773,750.00)
1/21/97 86 OXFORD RESOURCES CORP 37.3750 3,214.25
1/21/97 300 OXFORD RESOURCES CORP 37.0000 11,100.00
1/21/97 2,800 OXFORD RESOURCES CORP 37.8750 106,050.00
1/21/97 9,400 OXFORD RESOURCES CORP 37.7500 354,850.00
1/21/97 2,000 OXFORD RESOURCES CORP 37.9375 75,875.00
1/21/97 2,500 OXFORD RESOURCES CORP 37.8125 94,531.25
1/21/97 7,000 OXFORD RESOURCES CORP 38.0625 266,437.50
1/21/97 200 OXFORD RESOURCES CORP 38.1875 7,637.50
1/21/97 300 OXFORD RESOURCES CORP 36.7500 11,025.00
1/21/97 300 OXFORD RESOURCES CORP 36.8125 11,043.75
1/21/97 1,000 OXFORD RESOURCES CORP 37.0625 37,062.50
1/21/97 3,000 OXFORD RESOURCES CORP 37.9400 113,820.00
1/21/97 (200) OXFORD RESOURCES CORP 38.3125 (7,662.50)
1/21/97(28,000) OXFORD RESOURCES CORP 38.0000 (1,064,000.00)
1/20/97 7,500 OXFORD RESOURCES CORP 37.0000 277,500.00
1/20/97 2,700 OXFORD RESOURCES CORP 37.0625 100,068.75
1/20/97 1,000 OXFORD RESOURCES CORP 36.5625 36,562.50
1/20/97 9,500 OXFORD RESOURCES CORP 36.0625 342,593.75
1/20/97 6,000 OXFORD RESOURCES CORP 36.3750 218,250.00
1/20/97 9,000 OXFORD RESOURCES CORP 36.6944 330,249.60
1/20/97 (4,600) OXFORD RESOURCES CORP 37.8750 (174,225.00)
1/20/97(10,000) OXFORD RESOURCES CORP 37.1250 (371,250.00)
1/20/97 (1,500) OXFORD RESOURCES CORP 37.7500 (56,625.00)
1/20/97 (7,500) OXFORD RESOURCES CORP 37.0600 (277,950.00)
1/17/97 500 OXFORD RESOURCES CORP 36.3750 18,187.50
1/17/97 648 OXFORD RESOURCES CORP 36.3799 23,574.18
1/17/97 9,000 OXFORD RESOURCES CORP 35.5000 319,500.00
1/17/97189,700 OXFORD RESOURCES CORP 35.7880 6,788,983.60
1/17/97 1,000 OXFORD RESOURCES CORP 35.8125 35,812.50
1/17/97 1,000 OXFORD RESOURCES CORP 35.3125 35,312.50
1/17/97(71,100) OXFORD RESOURCES CORP 35.8750 (2,550,712.50)
1/17/97(20,000) OXFORD RESOURCES CORP 35.9375 (718,750.00)
1/17/97 (1,000) OXFORD RESOURCES CORP 36.2500 (36,250.00)
1/17/97(23,000) OXFORD RESOURCES CORP 35.6875 (820,812.50)
1/17/97(16,000) OXFORD RESOURCES CORP 35.7500 (572,000.00)
1/17/97 (7,000) OXFORD RESOURCES CORP 36.4799 (255,359.30)
1/17/97(10,000) OXFORD RESOURCES CORP 36.3799 (363,799.00)
1/17/97(40,000) OXFORD RESOURCES CORP 36.4399 (1,457,596.00)
1/16/97 2,020 OXFORD RESOURCES CORP 35.7670 72,249.34
1/16/97 3 OXFORD RESOURCES CORP 35.6250 106.88
1/16/97 62,000 OXFORD RESOURCES CORP 35.7500 2,216,500.00
1/16/97(14,000) OXFORD RESOURCES CORP 35.7500 (500,500.00)
1/16/97140,000 OXFORD RESOURCES CORP 35.4730 4,966,220.00
1/16/97 1,000 OXFORD RESOURCES CORP 35.5650 35,565.00
1/16/97(45,000) OXFORD RESOURCES CORP 35.8750 (1,614,375.00)
1/16/97 (5,000) OXFORD RESOURCES CORP 35.7885 (178,942.50)
1/16/97 5,000 OXFORD RESOURCES CORP 35.8438 179,219.00
1/16/97 13,500 OXFORD RESOURCES CORP 35.6806 481,688.10
1/16/97(15,000) OXFORD RESOURCES CORP 35.5000 (532,500.00)
1/16/97(35,000) OXFORD RESOURCES CORP 35.7670 (1,251,845.00)
1/16/97(40,000) OXFORD RESOURCES CORP 35.6349 (1,425,396.00)
1/16/97 (551) OXFORD RESOURCES CORP 36.2050 (19,948.96)
1/15/97 1,700 OXFORD RESOURCES CORP 35.2500 59,925.00
1/15/97 500 OXFORD RESOURCES CORP 36.2500 18,125.00
1/15/97 4,600 OXFORD RESOURCES CORP 36.0000 165,600.00
1/15/97 (2,318) OXFORD RESOURCES CORP 36.0000 (83,448.00)
1/15/97 (6,000) OXFORD RESOURCES CORP 35.6250 (213,750.00)
1/15/97 1,000 OXFORD RESOURCES CORP 35.6250 35,625.00
1/15/97 1,000 OXFORD RESOURCES CORP 35.5000 35,500.00
1/15/97(34,500) OXFORD RESOURCES CORP 35.5000 (1,224,750.00)
1/15/97 2,000 OXFORD RESOURCES CORP 35.8750 71,750.00
1/15/97(31,300) OXFORD RESOURCES CORP 35.8750 (1,122,887.50)
1/15/97100,000 OXFORD RESOURCES CORP 35.8100 3,581,000.00
1/15/97(36,000) OXFORD RESOURCES CORP 35.6849 (1,284,656.40)
1/15/97222,500 OXFORD RESOURCES CORP 35.4680 7,891,630.00
1/15/97 1,000 OXFORD RESOURCES CORP 35.9375 35,937.50
1/15/97(42,700) OXFORD RESOURCES CORP 35.8125 (1,529,193.75)
1/15/97(17,000) OXFORD RESOURCES CORP 35.7500 (607,750.00)
1/15/97 (5,000) OXFORD RESOURCES CORP 35.8485 (179,242.50)
Various Discretionary Accounts
Aggregate Transactions
1/17/97 9,352 OXFORD RESOURCES CORP 36.3799 340,224.82
1/16/97 32,980 OXFORD RESOURCES CORP 35.7670 1,179,595.66
