-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JdMd86md+GMe0jU65+0ddztMVpQQK99fxfHzE6ndpth4dmNtmj0PqpgJ3m1izrpi mRlbaB96wma/VZrSL8+kwQ== 0000905718-97-000480.txt : 19971222 0000905718-97-000480.hdr.sgml : 19971222 ACCESSION NUMBER: 0000905718-97-000480 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971219 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PATINA OIL & GAS CORP CENTRAL INDEX KEY: 0001006264 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 752629477 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-47499 FILM NUMBER: 97740990 BUSINESS ADDRESS: STREET 1: 1625 BROADWAY STREET 2: STE 2000 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3035928500 MAIL ADDRESS: STREET 1: 777 MAIN ST STREET 2: STE 2500 CITY: FORT WORTH STATE: TX ZIP: 76102 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ROTH MICHAEL CENTRAL INDEX KEY: 0001010207 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 10556 N PORT WASHINGTON RD CITY: MEQUON STATE: WI ZIP: 53092 BUSINESS PHONE: 4142411810 MAIL ADDRESS: STREET 1: 10556 N PORT WASHINGTON RD CITY: MEQUON STATE: WI ZIP: 53092 SC 13D/A 1 SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 SCHEDULE l3D Under the Securities Exchange Act of 1934 (Amendment No. 2)* PATINA OIL & GAS CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 703224105 - -------------------------------------------------------------------------------- (CUSIP Number) with a copy to: Teri Freiberg George J. Mazin Stark Investments Lowenstein, Sandler, Kohl, 1500 West Market Street Fisher & Boylan, P.A. Mequon, WI 53092 65 Livingston Avenue (414) 241-1810 Roseland, New Jersey 07068 (201) 992-8700 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 14, 1997 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule l3G 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 [ ]. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule l3d-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). - -------------------------------------------------------------------------------- CUSIP NO. 703224105 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1) Names of Reporting Persons (S.S. or I.R.S. Identification Nos. of Above Persons): Michael A. Roth and Brian J. Stark (filing as joint filers pursuant to Rule 13(d)1(f)(1)) - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions): (a) Not (b) Applicable - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions):WC - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): Not Applicable - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: United States - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 0 ------------------------------------------------- Shares Beneficially 8) Shared Voting Power: 726,230* ------------------------------------------------- Owned by Each Reporting 9) Sole Dispositive Power: 0 ------------------------------------------------- Person With: 10) Shared Dispositive Power: 726,230* ------------------------------------------------- - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 726,230* - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 4.38* - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): IN - -------------------------------------------------------------------------------- * Includes: 477,592 shares of the Issuer's common stock, par value $.01 ("Shares") beneficially owned by Reliant Trading upon the conversion of 409,275 shares of the Issuer's preferred stock and conversion of 68,317 of the Issuer's warrants; 21,671 Shares beneficially owned by Shepherd Trading Limited upon the conversion of 21,671 of the Issuer's warrants; and 226,966 Shares beneficially owned by Staro Partners upon the conversion of 191,710 shares of the Issuer's preferred stock and conversion of 35,256 of the Issuer's warrants. See Item 2 and Item 5 for additional details. - -------------------------------------------------------------------------------- Item 1: Security and Issuer: This statement relates to the common stock, par value $.01, of Patina Oil & Gas Corporation ("Shares"). The Issuer has principal executive offices located at 1625 Broadway, Suite 2000, Denver, Colorado 80202. Item 2: Identity and Background 1. a) Name: Brian J. Stark b) Residence or Business Address: 1500 West Market Street Mequon, WI 53092 c) Occupation: Investment Fund Manager Staro Asset Management, L.L.C., Stark & Roth, Inc., Staro Partners 1500 West Market Street Mequon, WI 53092 d) Convictions: none e) Civil Proceedings: none f) Citizenship: United States 2. a) Name: Michael A. Roth b) Residence or Business Address: 1500 West Market Street Mequon, WI 53092 c) Occupation: Investment Fund Manager Staro Asset Management, L.L.C., Stark & Roth, Inc., Staro Partners 1500 West Market Street Mequon, WI 53092 d) Convictions: none e) Civil Proceedings: none f) Citizenship: United States 3. a) Name: Staro Partners b) State of Organization: Wisconsin c) Principal Business: Securities Trading d) Address of principal business: 1500 West Market Street Mequon, WI 53092 e) Address of Principal Office: same f) Convictions: none g) Civil proceedings: none 4. a) Name: Reliant Trading b) State of Organization: Wisconsin c) Principal Business: Securities Trading d) Address of principal business: 1500 West Market Street Mequon, WI 53092 e) Address of Principal Office: same f) Convictions: none g) Civil proceedings: none 5. a) Name: Shepherd Trading Limited b) State of Organization: British Virgin Islands c) Principal Business: Securities Trading Address of principal business: c/o International Fund Administration, Ltd. 48 Par-La Ville Road, Suite 464 Hamilton, HM 11 Bermuda d) Address of Principal Office: same e) Convictions: none f) Civil proceedings: none Item 3: Source and Amount of Funds or Other Consideration All funds used by Reliant Trading to purchase Shares acquired by Reliant Trading, upon conversion of the Issuer's preferred stock and warrants, were obtained from the capital contributed by the limited partners of Stark Investments, L.P. and general margin financing to Reliant Trading from brokers. The amount of funds used in making the purchases was $3,616,434. The funds used by Shepherd Trading Limited to purchase the Shares acquired by Shepherd Trading Limited, upon conversion of the Issuer's preferred stock and warrants, were obtained from the capital contributed by the shareholders of Shepherd Fund Limited. The amount of funds used in making the purchase was $39,049. All funds used by Staro Partners to purchase Shares acquired by Staro Partners, upon conversion of the Issuer's preferred stock and warrants, were obtained from the assets of Staro Partners. The amount of funds used in making the purchase was $1,758,211. Item 4: Purpose of Transaction The acquisition of the Shares by Reliant Trading, by Shepherd Trading Limited and by Staro Partners are solely for investment purposes. Further acquisitions, sales or short sales of securities of the Issuer may be made for investment purposes, however, neither reporting person has present plans or intentions which relate to or would result in any of the transactions required to be described in Item 4 of Schedule 13D. Item 5: Interest in Securities of the Issuer Based upon the information contained in Patina Oil & Gas Corporation's quarterly report on Form 10-Q for the quarterly period ending September 30, 1997, there were issued and outstanding 16,581,230 Shares (including the Shares owned by the reporting persons upon conversion of the Issuer's preferred stock and warrants). Messrs. Stark and Roth beneficially own 726,230 Shares or 4.38% of the Shares. 477,592 of such Shares are held by Reliant Trading. Messrs. Stark and Roth have shared power to vote or direct the vote and shared power to dispose or direct the disposition of the 477,592 Shares by virtue of their position as members of Staro Asset Management, L.L.C., the managing partner of Reliant Trading. 21,671 of such Shares are held by Shepherd Trading Limited. Messrs. Stark and Roth have shared power to vote or direct the vote and shared power to dispose or direct the disposition of the 21,671 Shares by virtue of their position as investment manager of Shepherd Trading Limited. 226,966 of such Shares are held by Staro Partners. Messrs. Stark and Roth have shared power to vote or direct the vote and shared power to dispose or direct the disposition of the 226,966 Shares by virtue of their position as the partners of Staro Partners. The following Table details the transactions by Reliant Trading, Shepherd Trading Limited and Staro Partners in Patina Oil & Gas Corporation's securities since for the last sixty (60) days: : Shepherd Trading Limited Date Quantity Price Transaction Type 11/14/97 589 $2.125 Open Mkt. Sale 11/13/97 1,566 2.000 Open Mkt. Sale 11/12/97 174 2.0625 Open Mkt. Sale 11/11/97 520 2.250 Open Mkt. Sale 10/30/97 1,731 2.0625 Open Mkt. Sale 10/29/97 2,025 2.25 Open Mkt. Sale 10/28/97 8,655 1.9375 Open Mkt. Sale 10/27/97 13,436 2.500 Open Mkt. Sale 10/16/97 2,385 9.875 Open Mkt. Purchase 10/16/97 8,347 9.875 Open Mkt. Purchase 10/16/97 49,355 32.250 Open Mkt. Sale 10/16/97 49,355 32.250 Open Mkt. Purchase 10/16/97 1,908 2.750 Open Mkt. Sale 10/15/97 8,627 10.194 Open Mkt. Sale 10/15/97 578 2.750 Open Mkt. Sale 10/15/97 10,591 10.028 Open Mkt. Sale 10/13/97 7,125 10.000 Open Mkt. Sale 10/10/97 5,218 10.000 Open Mkt. Sale 10/09/97 9,198 9.953 Open Mkt. Sale 10/08/97 1,541 9.9375 Open Mkt. Sale 10/06/97 300 10.000 Open Mkt. Sale 10/03/97 481 9.9375 Open Mkt. Sale 10/01/97 1,392 9.9375 Open Mkt. Sale Reliant Trading Date Quantity Price Transaction Type 11/14/97 1,854 $2.125 Open Mkt. Sale 11/13/97 4,905 2.000 Open Mkt. Sale 11/12/97 545 2.0625 Open Mkt. Sale 11/11/97 1,636 2.250 Open Mkt. Sale 10/30/97 5,454 2.0625 Open Mkt. Sale 10/29/97 6,382 2.25 Open Mkt. Sale 10/28/97 27,271 1.9375 Open Mkt. Sale 10/27/97 6,564 2.500 Open Mkt. Sale 10/16/97 4,425 9.875 Open Mkt. Purchase 10/16/97 15,488 9.875 Open Mkt. Purchase 10/16/97 3,540 2.750 Open Mkt. Sale 10/15/97 24,634 10.194 Open Mkt. Sale 10/15/97 1,650 2.750 Open Mkt. Sale 10/14/97 30,243 10.028 Open Mkt. Sale 10/13/97 20,345 10.000 Open Mkt. Sale 10/10/97 14,902 10.000 Open Mkt. Sale 10/09/97 25,142 9.953 Open Mkt. Sale 10/08/97 4,398 9.9375 Open Mkt. Sale 10/06/97 700 10.000 Open Mkt. Sale 10/03/97 1,375 9.9375 Open Mkt. Sale 10/02/97 1,480 9.9375 Open Mkt. Sale 10/01/97 249 9.9375 Open Mkt. Sale 9/24/97 500 2.2500 Open Mkt. Sale Staro Partners Date Quantity Price Transaction Type 11/14/97 957 $2.125 Open Mkt. Sale 11/13/97 2,529 2.000 Open Mkt. Sale 11/12/97 281 2.0625 Open Mkt. Sale 11/11/97 844 2.250 Open Mkt. Sale 10/30/97 2,815 2.0625 Open Mkt. Sale 10/29/97 3,293 2.25 Open Mkt. Sale 10/28/97 14,074 1.9375 Open Mkt. Sale 10/16/97 3,190 9.875 Open Mkt. Purchase 10/16/97 11,165 9.875 Open Mkt. Purchase 10/16/97 2,552 2.750 Open Mkt. Sale 10/15/97 11,539 10.194 Open Mkt. Sale 10/15/97 772 2.750 Open Mkt. Sale 10/14/97 14,166 10.028 Open Mkt. Sale 10/13/97 9,530 10.000 Open Mkt. Sale 10/10/97 6,980 10.000 Open Mkt. Sale 10/09/97 13,160 9.953 Open Mkt. Sale 10/08/97 2,061 9.9375 Open Mkt. Sale 10/03/97 644 9.9375 Open Mkt. Sale 10/02/97 220 9.9375 Open Mkt. Sale 10/01/97 359 9.9375 Open Mkt. Sale No other entity controlled by the reporting persons has traded Patina Oil & Gas Corporation securities in the previous sixty (60) days. Item 6: Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Item 7: Material to be filed as exhibits. Exhibit 1: Agreement as to joint filing. EXHIBIT 1 AGREEMENT AS TO JOINT FILING Dated: December 18, 1997 The undersigned hereby agree that the Schedule 13D/A with respect to Patina Oil & Gas Corporation dated as of the date hereof is filed on behalf of each of the undersigned jointly, pursuant to Rule 13d-1(f)(1). /s/Brian J. Stark _________________________ Brian J. Stark /s/Michael A. Roth __________________________ Michael A. Roth SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. December 18, 1997 /s/Brian J. Stark ______________________________ Brian J. Stark /s/ Michael A. Roth ______________________________ Michael A. Roth ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----