<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Trico Marine Services, Inc.
-----------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
-----------------------------------------------------------------------
(Title of Class of Securities)
896106101
-----------------------
(CUSIP Number)
Copy to:
James C. Comis, III John S. Watson
Inverness Management LLC Vinson & Elkins L.L.P.
660 Steamboat Road 1001 Fannin, Suite 2300
Greenwich, Connecticut 06830 Houston, Texas 77002
(203) 629-9492 (713) 758-2222
-----------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 28, 1999
-----------------------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of (SS)240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [_].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of this schedule, including all exhibits. See (S)240.13d-7(b) 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 the
disclosures provided in a prior cover page.
The information required in 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 1 of 22 pages
<PAGE>
- -----------------------
CUSIP NO. 896106101
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
INVERNESS/TRICO INVESTORS, LLC
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
8,000,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
8,000,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
8,000,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
28.2
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
00
- ------------------------------------------------------------------------------
Page 2 of 22 pages
<PAGE>
- -----------------------
CUSIP NO. 896106101
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
INVERNESS/PHOENIX PARTNERS LP
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
8,000,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
8,000,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
8,000,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
28.2
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
Page 3 of 22 pages
<PAGE>
- -----------------------
CUSIP NO. 896106101
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
EXECUTIVE CAPITAL PARTNERS I LP
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
8,000,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
8,000,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
8,000,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
28.2
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
PN
- ------------------------------------------------------------------------------
Page 4 of 22 pages
<PAGE>
- -----------------------
CUSIP NO. 896106101
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
INVERNESS/PHOENIX CAPITAL LLC
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
8,000,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
8,000,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
8,000,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
28.2
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
00
- ------------------------------------------------------------------------------
Page 5 of 22 pages
<PAGE>
- -----------------------
CUSIP NO. 896106101
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
INVERNESS MANAGEMENT FUND I LLC
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
8,000,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
8,000,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
8,000,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
28.2
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
00
- ------------------------------------------------------------------------------
Page 6 of 22 pages
<PAGE>
- -----------------------
CUSIP NO. 896106101
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
WMD INVESTORS, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
8,000,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
8,000,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
8,000,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
28.2
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
PN
- ------------------------------------------------------------------------------
Page 7 of 22 pages
<PAGE>
- -----------------------
CUSIP NO. 896106101
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
KEY-COMIS LIMITED PARTNERSHIP
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
8,000,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
8,000,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
8,000,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
28.2
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
PN
- ------------------------------------------------------------------------------
Page 8 of 22 pages
<PAGE>
- -----------------------
CUSIP NO. 896106101
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
WMD LLC
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
8,000,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
8,000,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
8,000,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
28.2
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
00
- ------------------------------------------------------------------------------
Page 9 of 22 pages
<PAGE>
- -----------------------
CUSIP NO. 896106101
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
J.C. COMIS LLC
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
8,000,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
8,000,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
8,000,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
28.2
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
00
- ------------------------------------------------------------------------------
Page 10 of 22 pages
<PAGE>
- -----------------------
CUSIP NO. 896106101
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
W. MCCOMB DUNWOODY
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
8,000,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
8,000,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
8,000,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
28.2
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IN
- ------------------------------------------------------------------------------
Page 11 of 22 pages
<PAGE>
- -----------------------
CUSIP NO. 896106101
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
JAMES C. COMIS, III
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
8,000,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
8,000,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
8,000,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
28.2
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IN
- ------------------------------------------------------------------------------
Page 12 of 22 pages
<PAGE>
- -----------------------
CUSIP NO. 896106101
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
DPCM HOLDINGS, INC.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
ILLINOIS
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
8,000,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
8,000,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
8,000,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
28.2
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
CO
- ------------------------------------------------------------------------------
Page 13 of 22 pages
<PAGE>
- -----------------------
CUSIP NO. 896106101
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
PHOENIX INVESTMENT PARTNERS, LTD.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
8,000,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
8,000,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
8,000,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
28.2
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IA
- ------------------------------------------------------------------------------
Page 14 of 22 pages
<PAGE>
- -----------------------
CUSIP NO. 896106101
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
PHOENIX HOME LIFE MUTUAL INSURANCE COMPANY
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
NEW YORK
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
8,000,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
8,000,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
8,000,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
28.2
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IC
- ------------------------------------------------------------------------------
Page 15 of 22 pages
<PAGE>
SCHEDULE 13D
(Amendment No. 1)
This Amendment No. 1 amends and supplements the statements on Schedule 13D
of (1) Inverness/Phoenix Partners LP, (2) Executive Capital Partners I LP, (3)
Inverness/Phoenix Capital LLC, (4) Inverness Management Fund I LLC, (5) WMD
Investors, L.P., (6) Key-Comis Limited Partnership, (7) WMD LLC, (8) J.C. Comis
LLC, (9) W. McComb Dunwoody, (10) James C. Comis, III, (11) DPCM Holdings, Inc.,
(12) Phoenix Investment Partners, Ltd. and (13) Phoenix Home Life Mutual
Insurance Company, dated June 2, 1999 (the "Statement"). This Amendment No. 1 is
being filed in connection with the acquisition by Inverness/Trico Investors,
LLC, a Delaware limited liability company (the "Trico Fund"), of 4,000,000
shares of Common Stock pursuant to the terms of the Purchase Agreement.
Capitalized terms used herein and not otherwise defined shall have the
meanings ascribed to such terms in the Statement. Except as expressly set forth
in this Amendment No. 1, there have been no material changes in the information
contained in the Statement.
ITEM 2. IDENTITY AND BACKGROUND.
The information set forth in Item 1 of the Statement is hereby amended and
supplemented as follows:
This Statement is being filed by each of the following persons pursuant to
Rules 13d-1(a) and 13d-1(k) promulgated by the Securities and Exchange
Commission (the "Commission") pursuant to Section 13 of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"): (1) the Trico Fund, by virtue of
its direct beneficial ownership of shares of Common Stock, (2) the Fund, by
virtue of its being a controlling member of the Trico Fund and its direct
beneficial ownership of shares of Common Stock; (3) the Executive Fund, by
virtue of its being a controlling member of the Trico Fund and its direct
beneficial ownership of shares of Common Stock; (4) the General Partner, by
virtue of its being the general partner of the Fund and the general partner of
the Executive Fund; (5) Inverness, by virtue of its being a controlling member
of the General Partner; (6) WMD Investors, by virtue of its being a controlling
member of Inverness; (7) Key-Comis, by virtue of its being a controlling member
of Inverness; (8) WMD, by virtue of its being the general partner of WMD
Investors; (9) JCC, by virtue of its being the general partner of Key-Comis;
(10) Dunwoody, by virtue of his being a controlling member of WMD; (11) Comis,
by virtue of his being a controlling member of JCC; (12) DPCM, by virtue of its
being a member of the General Partner; (13) PXP, by virtue of its ownership of
all of the outstanding common stock of DPCM; and (14) Phoenix, by virtue of its
ownership of approximately 60% of the outstanding common stock of PXP. The
Trico Fund, the Fund, the Executive Fund, the General Partner, Inverness, WMD
Investors, Key-Comis, WMD, JCC, Dunwoody, Comis, DPCM, PXP and Phoenix are
sometimes referred to herein individually as a "Reporting Person" and
collectively as the "Reporting Persons." The Trico Fund, the Fund, the
Executive Fund, the General Partner, Inverness, WMD Investors, Key-Comis, WMD,
JCC, Dunwoody and Comis are sometimes referred to herein collectively as the
"Inverness Persons."
Page 16 of 22 pages
<PAGE>
Information with respect to each of the Reporting Persons is given solely
by such Reporting Person, and no Reporting Person assumes responsibility for the
accuracy or completeness of information given by another Reporting Person. By
their signatures on this Statement, each of the Reporting Persons agrees that
this Statement is filed on behalf of such Reporting Person.
The Reporting Persons may be deemed to constitute a "group" for purposes of
Section 13(d)(3) of the Act. The Reporting Persons expressly disclaim that they
have agreed to act as a group other than as described in this Statement.
The principal business of each of the Inverness Persons is to make
investments in common and preferred stock and other interests in business
organizations, domestic or foreign, with the principal objective of appreciation
of capital invested. The address of the principal business and principal office
of each of the Inverness Persons is c/o Inverness Management LLC, 660 Steamboat
Road, Greenwich, Connecticut 06830.
During the past five years, none of the Reporting Persons nor, to the best
knowledge of the Reporting Persons, any of the persons listed on Schedule A
attached hereto, has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors). During the past five years, none of the
Reporting Persons was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which such person
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activity subject to, federal or state
securities laws or finding any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The information set forth in Item 3 of the Statement is hereby amended and
supplemented as follows:
On June 28, 1999, the Trico Fund acquired 4,000,000 shares of Common Stock
pursuant to the Purchase Agreement. The Trico Fund acquired the right to
purchase such shares pursuant to an Assignment and Assumption Agreement, dated
June 28, 1999 (the "Assignment Agreement"), by and among the Trico Fund, the
Fund and the Executive Fund. The aggregate purchase price for the shares sold
under the Purchase Agreement was $25,000,000. The Trico Fund utilized funds
derived from capital contributions made by the members of the Trico Fund.
A copy of the Assignment Agreement is attached hereto as Exhibit A and is
incorporated by reference.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The information set forth in Item 5 of the Statement is hereby amended and
supplemented as follows:
At the close of business on June 30, 1999, the Fund and the Executive Fund
had direct beneficial ownership of 4,000,000 shares of Common Stock and the
Trico Fund had direct
Page 17 of 22 pages
<PAGE>
beneficial ownership of 4,000,000 shares of Common Stock. The Reporting Persons
constitute a "group" for purposes of Section 13(d)(3) of the Act, and therefore,
each Reporting Person is deemed to have beneficial ownership of 8,000,000 shares
of Common Stock (the "Shares"). Such ownership represents 28.2% of the Common
Stock outstanding based on the number of shares of Common Stock outstanding
(20,378,416) as contained in the Issuer's Definitive Proxy Statement on Schedule
14A (filed May 10, 1999) and including as outstanding the 4,000,000 shares of
Common Stock issued to the Fund and the Executive Fund and the 4,000,000 shares
of Common Stock issued to the Trico Fund. Such securities were acquired pursuant
to the transactions described in Item 3 of this Amendment No. 1 and of the
Statement.
Each of the Reporting Persons has shared voting and dispositive power with
respect the Shares.
No person other than the Reporting Persons has the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
the Shares.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A: Assignment and Assumption Agreement, dated as of June 28, 1999,
by and among the Trico Fund, the Fund and the Executive Fund.
Exhibit B: Joint Filing Agreement, dated July 8, 1999, by and among each
of the Reporting Persons.
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.
Date: July 8, 1999
Page 18 of 22 pages
<PAGE>
INVERNESS/TRICO INVESTORS, LLC
By: INVERNESS/PHOENIX PARTNERS LP,
its Managing Member
By: INVERNESS/PHOENIX CAPITAL LLC,
its General Partner
By: INVERNESS MANAGEMENT FUND I LLC,
its Managing Member
By: WMD INVESTORS, L.P.,
its Managing Member
By: WMD LLC,
its General Partner
By: /s/ W. McComb Dunwoody
-----------------------------------
Name: W. McComb Dunwoody
Title: Managing Member
INVERNESS/PHOENIX PARTNERS LP
By: INVERNESS/PHOENIX CAPITAL LLC,
its General Partner
By: INVERNESS MANAGEMENT FUND I LLC,
its Managing Member
By: WMD INVESTORS, L.P.,
its Managing Member
By: WMD LLC,
its General Partner
By: /s/ W. McComb Dunwoody
Name: W. McComb Dunwoody
Title: Managing Member
Page 19 of 22 pages
<PAGE>
EXECUTIVE CAPITAL PARTNERS I LP
By: INVERNESS/PHOENIX CAPITAL LLC,
its General Partner
By: INVERNESS MANAGEMENT FUND I LLC,
its Managing Member
By: WMD INVESTORS, L.P.,
its Managing Member
By: WMD LLC,
its General Partner
By: /s/ W. McComb Dunwoody
-----------------------------------
Name: W. McComb Dunwoody
Title: Managing Member
INVERNESS/PHOENIX CAPITAL LLC
By: INVERNESS MANAGEMENT FUND I LLC,
its Managing Member
By: WMD INVESTORS, L.P.,
its Managing Member
By: WMD LLC,
its General Partner
By: /s/ W. McComb Dunwoody
-----------------------------------
Name: W. McComb Dunwoody
Title: Managing Member
Page 20 of 22 pages
<PAGE>
INVERNESS MANAGEMENT FUND I LLC
By: WMD INVESTORS, L.P.,
its Managing Member
By: WMD LLC,
its General Partner
By: /s/ W. McComb Dunwoody
-----------------------------------
Name: W. McComb Dunwoody
Title: Managing Member
WMD INVESTORS, L.P.
By: WMD LLC,
its General Partner
By: /s/ W. McComb Dunwoody
-----------------------------------
Name: W. McComb Dunwoody
Title: Managing Member
KEY-COMIS LIMITED PARTNERSHIP
By: J.C. COMIS LLC,
its General Partner
By: /s/ James C. Comis
-----------------------------------
Name: James C. Comis, III
Title: Managing Member
WMD LLC
By: /s/ W. McComb Dunwoody
-----------------------------------
Name: W. McComb Dunwoody
Title: Managing Member
J.C. COMIS LLC
By: /s/ James C. Comis
-----------------------------------
Name: James C. Comis, III
Title: Managing Member
Page 21 of 22 pages
<PAGE>
/s/ W. McComb Dunwoody
-----------------------------------
W. McComb Dunwoody
/s/ James C. Comis
-----------------------------------
James C. Comis, III
DPCM HOLDINGS, INC.
By: /s/ Michael E. Haylon
-----------------------------------
Name: Michael E. Haylon
Title: Executive Vice President
PHOENIX HOME LIFE MUTUAL INSURANCE COMPANY
By: /s/ John H. Beers
-----------------------------------
Name: John H. Beers
Title: Vice President
PHOENIX INVESTMENT PARTNERS, LTD.
By: /s/ Michael E. Haylon
-----------------------------------
Name: Michael E. Haylon
Title: Managing Director
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of this filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS
(SEE 18 U.S.C. 1001)
Page 22 of 22 pages
<PAGE>
EXHIBIT A
ASSIGNMENT AND ASSUMPTION AGREEMENT
This Assignment and Assumption Agreement, dated as of the 28th day of June,
1999, between Inverness/Phoenix Partners LP, a Delaware limited partnership
("IPP"), Executive Capital Partners I LP, a Delaware limited partnership
("ECP"), and Inverness/Trico Investors, LLC, a Delaware limited liability
company ("ITI") and affiliate of IPP and ECP.
WHEREAS, IPP and ECP have entered into that certain Purchase Agreement
dated April 16, 1999 (the "Purchase Agreement") among Trico Marine Services,
Inc. ("Trico"), IPP and ECP;
WHEREAS, Section 10.12 of the Purchase Agreement permits IPP and ECP to
assign all of their rights, interests and obligations thereunder to ITI, in
which case the provisions of the Purchase Agreement shall inure to the benefit
of and be binding on ITI.
NOW, THEREFORE, the parties hereby agree as follows:
1. IPP and ECP hereby assign, and ITI hereby assumes, all of IPP's and
ECP's rights, interests and obligations under the Purchase Agreement.
2. ITI will remit payment for and take receipt of the 4,000,000 shares of
common stock of Trico representing the Second Tranche (as defined in the
Purchase Agreement) pursuant to the terms of the Purchase Agreement.
INVERNESS/PHOENIX PARTNERS LP
By: INVERNESS/PHOENIX CAPITAL LLC,
its General Partner
By: INVERNESS MANAGEMENT FUND I LLC,
its Managing Member
By: WMD INVESTORS, L.P.,
its Managing Member
By: WMD LLC,
its General Partner
By: /s/ W. McComb Dunwoody
------------------------------
Name: W. McComb Dunwoody
Title: Managing Member
<PAGE>
EXECUTIVE CAPITAL PARTNERS I LP
By: INVERNESS/PHOENIX CAPITAL LLC,
its General Partner
By: INVERNESS MANAGEMENT FUND I LLC,
its Managing Member
By: WMD INVESTORS, L.P.,
its Managing Member
By: WMD LLC,
its General Partner
By: /s/ W. McComb Dunwoody
---------------------------
Name: W. McComb Dunwoody
Title: Managing Member
INVERNESS/TRICO INVESTORS, LLC
By: INVERNESS/PHOENIX PARTNERS LP,
its Managing Member
By: INVERNESS/PHOENIX CAPITAL LLC,
its General Partner
By: INVERNESS MANAGEMENT FUND I LLC,
its Managing Member
By: WMD INVESTORS, L.P.,
its Managing Member
By: WMD LLC,
its General Partner
By: /s/ W. McComb Dunwoody
---------------------------
Name: W. McComb Dunwoody
Title: Managing Member
<PAGE>
EXHIBIT B
JOINT FILING AGREEMENT
The undersigned, and each of them, do hereby agree and consent to the
filing of a single statement on behalf of all of them on Schedule 13D and
amendments thereto, in accordance with the provisions of Rule 13d-1(k)(1) of the
Securities Exchange Act of 1934, as amended.
Date: July 8, 1999
INVERNESS/TRICO INVESTORS, LLC
By: INVERNESS/PHOENIX PARTNERS LP,
its Managing Member
By: INVERNESS/PHOENIX CAPITAL LLC,
its General Partner
By: INVERNESS MANAGEMENT FUND I LLC,
its Managing Member
By: WMD INVESTORS, L.P.,
its Managing Member
By: WMD LLC,
its General Partner
By: /s/ W. McComb Dunwoody
---------------------------------
Name: W. McComb Dunwoody
Title: Managing Member
JOINT FILING AGREEMENT
-1-
<PAGE>
INVERNESS/PHOENIX PARTNERS LP
By: INVERNESS/PHOENIX CAPITAL LLC,
its General Partner
By: INVERNESS MANAGEMENT FUND I LLC,
its Managing Member
By: WMD INVESTORS, L.P.,
its Managing Member
By: WMD LLC,
its General Partner
By: /s/ W. McComb Dunwoody
------------------------------
Name: W. McComb Dunwoody
Title: Managing Member
EXECUTIVE CAPITAL PARTNERS I LP
By: INVERNESS/PHOENIX CAPITAL LLC,
its General Partner
By: INVERNESS MANAGEMENT FUND I LLC,
its Managing Member
By: WMD INVESTORS, L.P.,
its Managing Member
By: WMD LLC,
its General Partner
By: /s/ W. McComb Dunwoody
------------------------------
Name: W. McComb Dunwoody
Title: Managing Member
JOINT FILING AGREEMENT
-2-
<PAGE>
INVERNESS/PHOENIX CAPITAL LLC
By: INVERNESS MANAGEMENT FUND I LLC,
its Managing Member
By: WMD INVESTORS, L.P.,
its Managing Member
By: WMD LLC,
its General Partner
By: /s/ W. McComb Dunwoody
------------------------------
Name: W. McComb Dunwoody
Title: Managing Member
INVERNESS MANAGEMENT FUND I LLC
By: WMD INVESTORS, L.P.,
its Managing Member
By: WMD LLC,
its General Partner
By: /s/ W. McComb Dunwoody
------------------------------
Name: W. McComb Dunwoody
Title: Managing Member
WMD INVESTORS, L.P.
By: WMD LLC,
its General Partner
By: /s/ W. McComb Dunwoody
------------------------------
Name: W. McComb Dunwoody
Title: Managing Member
JOINT FILING AGREEMENT
-3-
<PAGE>
KEY-COMIS LIMITED PARTNERSHIP
By: J.C. COMIS LLC,
its General Partner
By: /s/ James C. Comis
------------------------------
Name: James C. Comis, III
Title: Managing Member
WMD LLC
By: /s/ W. McComb Dunwoody
------------------------------
Name: W. McComb Dunwoody
Title: Managing Member
J.C. COMIS LLC
By: /s/ James C. Comis
------------------------------
Name: James C. Comis, III
Title: Managing Member
/s/ W. McComb Dunwoody
------------------------------
W. McComb Dunwoody
/s/ James C. Comis
------------------------------
James C. Comis, III
DPCM HOLDINGS, INC.
By: /s/ Michael E. Haylon
------------------------------
Name: Michael E. Haylon
Title: Executive Vice President
JOINT FILING AGREEMENT
-4-
<PAGE>
PHOENIX HOME LIFE MUTUAL
INSURANCE COMPANY
By: /s/ John H. Beers
------------------------------
Name: John H. Beers
Title: Vice President
PHOENIX INVESTMENT PARTNERS, LTD.
By: /s/ Michael E. Haylon
------------------------------
Name: Michael E. Haylon
Title: Managing Director
JOINT FILING AGREEMENT
-5-
