SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 14, 1994
TRITON ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
Texas 1-7864 75-1151855
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
Registrant's telephone number, including area code (214) 691-5200
N/A
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
As reflected in the press release filed herewith as Exhibit 99.1, on
April 14, 1994 the Compensation Committee of the Board of Directors of Triton
Energy Corporations (the "Company") approved the sale to a group of senior
officers of $6.3 aggregate principal amount of convertible subordinated
debentures pursuant to the Company's Amended and Restated 1986 Convertible
Debenture Plan. The debentures are convertible into an aggregate of
approximately 250,000 shares of common stock of the Company at a price
of $25.125 per share (the closing price on the NYSE on April 13, 1994).
The consideration for the debentures consists of personal promissory
notes from the purchasers.
Item 7. Financial Statements and Exhibits.
Exhibit No. Description
99.1 Press release dated April 15, 1994
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
TRITON ENERGY CORPORATION
Date: April 19, 1994 By: ___/s/ Robert B. Holland,III_______________
Robert B. Holland, III, Senior Vice
President and General Counsel
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EXHIBIT INDEX
Exhibit Number Document Description
99.1 Press release dated April 15, 1994
<PAGE>
Exhibit 99.1
Press Release dated April 15, 1994
TRITON OFFICERS PURCHASE DEBENTURES
CONVERTIBLE INTO COMMON STOCK
DALLAS--April 15, 1994--Triton Energy Corporation (NYSE: OIL)
today announced that a group of senior officers purchased $6.3
million aggregate principal amount of debentures that are
convertible into shares of Triton's common stock through the
company's 1986 Convertible Debenture Plan. The purchasers
included Thomas G. Finck, president and CEO; John P. Tatum,
executive vice president; Nick De'Ath, senior vice president,
exploration; Robert B. Holland, senior vice president and
general counsel; Peter Rugg, senior vice president and chief
financial officer; and Al Turner, senior vice president,
operations.
"This commitment of personal financial resources by senior
management reflects our strong faith in the company's future and
the upside potential of its stock," according to Finck.
The debentures are convertible into 250,000 shares of common
stock at the market price on the date of purchase.
Triton Energy, based in Dallas, is an international independent
oil and gas exploration and development company with ongoing oil
and gas operations in numerous countries around the world.
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Contacts: W. Greg Dunlevy or Linda Covington (214)691-5200
