<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 6)
Toreador Royalty Corporation
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(Name of Issuer)
Common Stock, par value $0.15625 per share
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(Title of Class of Securities)
891041105
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(CUSIP Number)
Janice V. Sharry, Esq.
Haynes and Boone, LLP
901 Main Street, Suite 3100
Dallas, Texas 75202
(214) 651-5562
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
September 16, 1998
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(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 Sections 240.13d-1(e), (f) or (g), check the following
box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 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
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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SCHEDULE 13D
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CUSIP No. 891041105
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<TABLE>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Lee Global Energy Fund, L.P.
75-2569264
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
2
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SEC USE ONLY
3
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SOURCE OF FUNDS
4
WC
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
5
N/A
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Texas
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SOLE VOTING POWER
7 903,950
------------------------------------------------------------------------------
NUMBER OF SHARED VOTING POWER
SHARES 8 0
BENEFICIALLY
OWNED BY ------------------------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 903,950
PERSON
WITH ------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10 0
- -----------------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 1,028,250
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
12 N/A
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 19.93%(1)
- -----------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
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</TABLE>
(1) Based on 5,160,671 shares of Common Stock issued and outstanding as
of June 30, 1998, as disclosed in the Issuer's 10-Q filed with the
Securities and Exchange Commission on August 14, 1998.
<PAGE> 3
- --------------------------
CUSIP No. 891041105
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<TABLE>
<S> <C> <C>
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 G. Thomas Graves III
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
2
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SEC USE ONLY
3
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SOURCE OF FUNDS
4
PF
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
5
N/A
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.
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SOLE VOTING POWER
7 10,000
------------------------------------------------------------------------------
NUMBER OF SHARED VOTING POWER
SHARES 8 0
BENEFICIALLY
OWNED BY ------------------------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 10,000
PERSON
WITH ------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10 0
- -----------------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 1,028,250
- -----------------------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
12 N/A
- -----------------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 19.93%(1)
- -----------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
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</TABLE>
(1) Based on 5,160,671 shares of Common Stock issued and outstanding as
of June 30, 1998, as disclosed in the Issuer's 10-Q filed with the
Securities and Exchange Commission on August 14, 1998.
<PAGE> 4
- --------------------------
CUSIP No. 891041105
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<TABLE>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 William I. Lee
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
2
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SEC USE ONLY
3
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SOURCE OF FUNDS
4
PF
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
5
N/A
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.
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SOLE VOTING POWER
7 74,200
------------------------------------------------------------------------------
NUMBER OF SHARED VOTING POWER
SHARES 8 0
BENEFICIALLY
OWNED BY ------------------------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 74,200
PERSON
WITH ------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10 0
- -----------------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 1,028,250
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
12 N/A
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 19.93%(1)
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14 TYPE OF REPORTING PERSON
IN
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</TABLE>
(1) Based on 5,160,671 shares of Common Stock issued and outstanding as
of June 30, 1998, as disclosed in the Issuer's 10-Q filed with the
Securities and Exchange Commission on August 14, 1998.
<PAGE> 5
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CUSIP No. 891041105
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<TABLE>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Wilco Properties, Inc.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
2
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SEC USE ONLY
3
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SOURCE OF FUNDS
4
WC
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
5
N/A
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Texas
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SOLE VOTING POWER
7 40,100
------------------------------------------------------------------------------
NUMBER OF SHARED VOTING POWER
SHARES 8 0
BENEFICIALLY
OWNED BY ------------------------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 40,100
PERSON
WITH ------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10 0
- -----------------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 1,028,250
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
12 N/A
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 19.93%(1)
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14 TYPE OF REPORTING PERSON
CO
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</TABLE>
(1) Based on 5,160,671 shares of Common Stock issued and outstanding as
of June 30, 1998, as disclosed in the Issuer's 10-Q filed with the
Securities and Exchange Commission on August 14, 1998.
<PAGE> 6
This Amendment No. 6 to Schedule 13D (this "Amendment") amends and
supplements the Amendment No. 5 to Schedule 13D filed by Lee Global Energy Fund,
L.P. (the "Fund"), by furnishing the information set forth below. Unless set
forth below, all previous Items are unchanged.
Item 2. Identity and Background.
Item 2 is hereby amended in its entirety as follows:
This Statement is being filed on behalf of (i) the Fund, (ii) G. Thomas
Graves III, an individual residing in Texas ("Graves"), (iii) William I. Lee, an
individual residing in Texas ("Lee"), and (iv) Wilco Properties, Inc., a Texas
corporation ("Wilco"). The principal business of the Fund is investing. The
principal business of Wilco is oil and gas exploration. The general partner of
the Fund is Gralee Partners, L.P., a Texas limited partnership (the "Gralee
Partners"). The principal business of the Gralee Partners is serving as the
general partner of the Fund. The general partner of Gralee Partners is Gralee
Capital Corp. (the "General Partner"), whose principal business is serving as
the general partner of Gralee Partners. The executive officers and directors of
the General Partner are as follows: Graves, President; John H. Rauscher,
Director; and Lee, Chairman and Director (collectively, the "General Partner
Officers"). The address of the principal business and offices of the Fund,
Graves, Lee, Wilco, the Gralee Partners and the General Partner is 4809 Cole
Avenue, Suite 107, Dallas, Texas 75205. Lee is the controlling stockholder of
the General Partner.
Each of the General Partner Officers is a U.S. citizen. Graves is
principally employed as President, Chief Executive Officer and Director by the
Company, and as President and Director by Wilco. Lee is principally employed as
Chairman and Chief Executive by Wilco and as Director by the Company. John H.
Rauscher is an investor and his address is Preston Royal Village, Suite 202,
Dallas, Texas 75230.
During the past five years, none of the foregoing persons or entities has
been convicted in a criminal proceeding or been a party to a civil proceeding,
in either case of the type specified in Items 2(d) or (e) of Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is hereby amended in its entirety as follows:
The total amount of funds required by the Fund for the purchase of 45,650
Shares was approximately $135,379 and was obtained from working capital. The
total amount of funds required by Graves for the purchase of 10,000 Shares was
approximately $23,732 and was obtained from personal funds. The total amount of
funds required by Lee for the purchase of 74,200 Shares was approximately
$207,763 and was obtained from personal funds. The total amount of funds
required by Wilco for the purchase of 40,100 Shares was approximately $96,908
and was obtained from working capital.
Item 4. Purpose of Transaction.
Item 4 is hereby amended in its entirety as follows:
The Fund, Graves, Lee and Wilco acquired the Shares in the ordinary course
of business for investment purposes. The Fund, Graves, Lee and Wilco have no
plans or proposals with respect to any of the matters set forth in paragraphs
(a) through (j) of Item 4 of Schedule 13D.
<PAGE> 7
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended in its entirety as follows:
(a) Pursuant to that certain Joint Filing Agreement, entered into by and
among the Fund, Graves, Lee and Wilco, dated as of September 18, 1998 (attached
hereto as Exhibit 7.9 and incorporated herein by reference), each of the Fund,
Graves, Lee and Wilco may be deemed to beneficially own 1,028,250 shares of the
Company's Shares (which is approximately 19.93% of the Shares outstanding on
June 30, 1998, as disclosed in the Issuer's 10-Q filed with the Securities and
Exchange Commission on August 14, 1998).
(b)
<TABLE>
<CAPTION>
Sole Shared Sole Shared
Voting Voting Dispositive Dispositive
Power Power Power Power
------- ------ ----------- -----------
<S> <C> <C> <C> <C>
Lee Global Energy Fund, L.P. 903,950 0 903,950 0
G. Thomas Graves III 10,000 0 10,000 0
William I. Lee 74,200 0 74,200 0
Wilco Properties, Inc. 40,100 0 40,100 0
</TABLE>
As a result of being a party to that certain Stockholder Agreement (a copy
of which was previously filed as Exhibit 7.5 to Amendment No. 4 to Schedule 13D
and is incorporated herein by reference), entered into by and among the Fund,
Graves, Lee, Gralee Partners and the General Partner; Mr. Peter Lawrence Falb,
Mr. Edward Nathan Dane, Firethorn I Limited Partnership, the Hilary Bell Falb
1983 Trust, the Alison Forslund Falb 1985 Trust, the Forslund Irrevocable Trust,
and Dane, Falb, Stone & Co., Inc. (collectively referred to as the "Dane Falb
Persons"); and Mr. John V. Ballard, Mr. J. W. Bullion, Mr. Thomas P. Kellogg,
Jr., Mr. John Mark McLaughlin, Mr. Peter R. Vig, and Mr. Jack L. Woods, the
Fund, Graves and Lee may each be deemed to have indirect beneficial ownership
of, and shared voting power with respect to, an additional 26.10% of the
Company's Shares, consisting of 858,300 Shares beneficially owned by the Dane
Falb Persons (16.63%) (as represented in their Schedule 13D/A filed with the
Securities and Exchange Commission on July 30, 1998), 197,924 Shares
beneficially owned by Mr. John V. Ballard, Mr. J. W. Bullion, Mr. Thomas P.
Kellogg, Jr. and Mr. Jack L. Woods (3.84%) (as represented in the Issuer's
definitive proxy material filed with the Securities and Exchange Commission on
July 1, 1998), 290,536 Shares beneficially owned by Mr. John Mark McLaughlin
(5.63%) (as represented in his Schedule 13D filed with the Securities and
Exchange Commission on July 10, 1998), and no Shares beneficially owned by Mr.
Peter R. Vig (0.00%) (as represented in his Schedule 13D filed with the
Securities and Exchange Commission on August 7, 1998).
(c) In the past sixty days, the only transactions in the Shares by the Fund
were (i) the purchase of 4,500 Shares on September 16, 1998, for a purchase
price per share of $2.765, and (ii) the purchase of 41,150 Shares on September
16, 1998, for a purchase price per share of $2.988. In the past sixty days, the
only transactions in the Shares by Graves were (i) the purchase of 2,000 Shares
on August 5, 1998, for a purchase price per share of $2.375, (ii) the purchase
of 7,500 Shares on August 6, 1998, for a purchase price per share of $2.375, and
(iii) the purchase of 500 Shares on August 12, 1998, for a purchase price per
share of $2.3393. In the past sixty days, the only transaction in the Shares by
Lee was the purchase of 74,200 Shares on July 22, 1998, for a purchase price per
share of $2.80. In the past sixty days, the only transactions in the Shares by
Wilco were (i) the purchase of 4,500 Shares on August 12, 1998, for a purchase
price per share of $2.390, (ii) the purchase of 6,000 Shares on August 20, 1998,
for a purchase price per share of $2.438, (iii) the purchase of 18,000 Shares on
September 1, 1998, for a purchase price per share of $2.40, (iv) the purchase of
2,000 Shares on September 2, 1998, for a purchase price per share of $2.490, (v)
the purchase of 8,100
<PAGE> 8
Shares on September 3, 1998, for a purchase price per share of $2.408, and (vi)
the purchase of 1,500 Shares on September 10, 1998, for a purchase price per
share of $2.563.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to
Securities of the Issuer.
Item 6 is hereby amended in its entirety as follows:
Except as set forth in Item 5 hereof, there are no contracts, arrangements,
understandings or relationships between the Fund, Graves, Lee or Wilco and any
other person with respect to the securities of the Company.
Item 7. Material to be Filed as Exhibits.
Item 7 is hereby amended in its entirety as follows:
7.9 Joint Filing Agreement, dated as of September 18, 1998, entered into by
and among the Fund, Graves, Lee and Wilco.
<PAGE> 9
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: September 23, 1998
LEE GLOBAL ENERGY FUND, L.P.
By: Gralee Partners, L.P., its
general partner
By: Gralee Capital Corp.,
its general partner
By: /s/ G. THOMAS GRAVES III
--------------------------
Name: G. Thomas Graves III
Title: President
/s/ G. THOMAS GRAVES III
---------------------------------------
G. THOMAS GRAVES III
/s/ WILLIAM I. LEE
---------------------------------------
WILLIAM I. LEE
WILCO PROPERTIES, INC.
By: /s/ G. THOMAS GRAVES III
----------------------------------
Name: G. Thomas Graves III
Title: President
<PAGE> 10
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER EXHIBIT
- ------- -------
<S> <C>
7.9 Joint Filing Agreement
</TABLE>
<PAGE> 1
EXHIBIT 7.9
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) promulgated under the Securities
Exchange Act of 1934, as amended, the persons named below agree to the joint
filing on behalf of each of them a Statement on Schedule 13D (including
amendments thereto) with regard to the common stock of Toreador Royalty
Corporation, par value $0.15625 per share, and further agree that this Joint
Filing Agreement be included as an Exhibit to such joint filings. In evidence
thereof, the undersigned, being duly authorized, hereby execute this Agreement
as of the 18th day of September, 1998.
LEE GLOBAL ENERGY FUND, L.P.
By: Gralee Partners, L.P., its
general partner
By: Gralee Capital Corp.,
its general partner
By: /s/ G. THOMAS GRAVES III
--------------------------
Name: G. Thomas Graves III
Title: President
/s/ G. THOMAS GRAVES III
---------------------------------------
G. THOMAS GRAVES III
/s/ WILLIAM I. LEE
---------------------------------------
WILLIAM I. LEE
WILCO PROPERTIES, INC.
By: /s/ G. THOMAS GRAVES III
----------------------------------
Name: G. Thomas Graves III
Title: President
