-----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, A+Nv7VXZbXEcx9DMpPvg+1emlq2kAGNB+Zfj/qXtNVfSmmhywZDoJZJ/NB+vX8IO azbBWeHb1I9PIc4OBtudVw== 0000899243-03-000260.txt : 20030213 0000899243-03-000260.hdr.sgml : 20030213 20030213120053 ACCESSION NUMBER: 0000899243-03-000260 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030213 GROUP MEMBERS: REIMERT FAMILY PARTNERS, LTD. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: REIMART LARRY E CENTRAL INDEX KEY: 0001054901 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 13550 HEMPSTEAD HIGHWAY CITY: HOUSTON STATE: TX ZIP: 77040 BUSINESS PHONE: 7139397711 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DRIL-QUIP INC CENTRAL INDEX KEY: 0001042893 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] IRS NUMBER: 742162088 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-53041 FILM NUMBER: 03557476 BUSINESS ADDRESS: STREET 1: 13550 HEMPSTEAD HIGHWAY CITY: HOUSTON STATE: TX ZIP: 77040 BUSINESS PHONE: 7139397711 MAIL ADDRESS: STREET 1: 180 EAST FIFTH STREET CITY: HOUSTON STATE: TX ZIP: 77040 SC 13G/A 1 dsc13ga.htm AMENDED SCHEDULE 13G FOR LARRY E. REIMERT Amended Schedule 13G for Larry E. Reimert

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

(Amendment No. 5)*

 

 

 

 

 

Dril-Quip, Inc.


(Name of Issuer)

 

 

Common Stock


(Title of Class of Securities)

 

 

262037 10 4


                                (CUSIP Number)                                

 

 


(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)

 

¨ Rule 13d-1(c)

 

x Rule 13d-1(d)

 

 

*   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).


CUSIP No. 262037 10 4                                                                                                          Page 2 of 8 Pages

 


  1.


 

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

        Larry E. Reimert

   

  2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)   ¨

(b)   x

   

  3.


 

SEC Use Only

 

   

  4.


 

Citizenship or Place of Organization

 

        United States of America

   

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

  5.    Sole Voting Power

 

                3,158,112


  6.    Shared Voting Power

 

                None


  7.    Sole Dispositive Power

 

                3,158,112


  8.    Shared Dispositive Power

 

                None


  9.


 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

        3,158,112

   

10.


 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

x

   

11.


 

Percent of Class Represented by Amount in Row (9)

 

        18.3%

   

12.


 

Type of Reporting Person (See Instructions)

 

        IN

   

 

Last Update: 11/05/2002


CUSIP No. 262037 10 4                                                                                                                      Page 3 of 8 Pages

 


  1.


 

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

        Reimert Family Partners, Ltd.

   

  2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)   ¨

(b)   x

   

  3.


 

SEC Use Only

 

   

  4.


 

Citizenship or Place of Organization

 

        Texas

   

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

  5.    Sole Voting Power

 

                2,982,145


  6.    Shared Voting Power

 

                None


  7.    Sole Dispositive Power

 

                2,982,145


  8.    Shared Dispositive Power

 

                None


  9.


 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

        2,982,145

   

10.


 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

x

   

11.


 

Percent of Class Represented by Amount in Row (9)

 

        17.2%

   

12.


 

Type of Reporting Person (See Instructions)

 

        PN

   

 


 

 

Item 1.

         

    Item 1(a)

  

Name of Issuer:

  

Dril-Quip, Inc.

    Item 1(b)

  

Address of Issuer’s

Principal Executive Offices:

  

13550 Hempstead Highway

Houston, Texas 77040

Item 2.

         

    Item 2(a)

  

Name of Person(s) Filing:

  

Larry E. Reimert and Reimert Family Partners, Ltd.

    Item 2(b)

  

Address of Principal

Business Office:

  

13550 Hempstead Highway

Houston, Texas 77040

    Item 2(c)

  

Citizenship:

  

U.S. ((Reimert Family Partners,, Ltd. is a limited partnership organized under the laws of the State of Texas)

    Item 2(d)

  

Title of Class of Securities:

  

Common Stock

    Item 2(e)

  

CUSIP Number:

  

262037 10 4

Item 3.

  

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 

(a)

  

¨         

  

Broker or dealer registered under section 15 of the Act.

(b)

  

¨         

  

Bank as defined in section 3(a)(6) of the Act.

(c)

  

¨         

  

Insurance company as defined in section 3(a)(19) of the Act.

(d)

  

¨         

  

Investment company registered under section 8 of the Investment Company Act of 1940.

(e)

  

¨         

  

Investment Adviser in accordance with §240.13d-1(b)(1)(ii)(E).

(f)

  

¨         

  

Employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

(g)

  

¨         

  

Parent holding company or control person, in accordance with § 240.13d-1(b)(ii)(G).

(h)

  

¨         

  

Savings Associations as defined in Section 3(b) of the Federal Deposit Insurance Act.

 

4


 

 

    

(i)

  

¨         

  

Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940.

    

(j)

  

¨         

  

Group, in accordance with § 240.13d-1(b)(1)(ii)(J)

Item 4.

  

Ownership

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

    

(a)

  

Amount Beneficially Owned by Larry E. Reimert:

  

3,158,112 (1)(2)(3)

    

(b)

  

Percent of Class Beneficially Owned by Larry E. Reimert:

  

18.3% (1)(2)(3)

    

(c)

  

Number of shares as to which Larry E. Reimert has:

    
         

(i)     Sole power to vote or to direct the vote:

  

3,158,112 (1)(2)(3)

         

(ii)    Shared power to dispose or to direct the disposition:

  

None

         

(iii)   Sole power to dispose or to direct the disposition of:

  

3,158,112 (1)(3)

         

(iv)    Shared power to dispose or to direct the disposition:

  

None

    

(d)

  

Amount Beneficially Owned by Reimert Family

    Partners, Ltd.:

  

2,982,145 (2)(3)

    

(e)

  

Percent of Class Beneficially Owned by Reimert Family

    Partners, Ltd.:

  

17.2% (2)(3)

    

(f)

  

Number of shares as to which Reimert Family Partners, Ltd. has:

    
         

(i)     Sole power to vote or to direct the vote:

  

2,982,145 (2)(3)

         

(ii)    Shared power to dispose or to direct the disposition:

  

None

         

(iii)   Sole power to dispose or to direct the disposition of:

  

2,982,145 (2)(3)

         

(iv)    Shared power to dispose or to direct the disposition:

  

None

Item 5.


  

Ownership of Five Percent or Less of a Class

 

Not Applicable

Item 6.


  

Ownership of More than Five Percent on Behalf of Another Person

 

Not Applicable

 

 

 

 

5


 

Item 7.

  

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

    

Not Applicable

Item 8.

  

Identification and Classification of Members of the Group

    

Not Applicable

Item 9.

  

Notice of Dissolution of Group

    

Not Applicable

  Item 10.

  

Certification

    

Not Applicable

 

6


 

Explanation of Responses:

 

(1) Includes (i) 455 shares of Common Stock owned directly by Mr. Reimert and (ii) 175,512 shares of Common Stock subject to exercisable options. Excludes 12,000 shares of Common Stock owned by Mr. Reimert’s wife, as to which Mr. Reimert disclaims beneficial ownership.

 

(2) Does not include 7,248,224 shares of Common Stock (including exercisable options to buy shares of Common Stock), with respect to Mr. Reimert, or 7,424,191 shares of Common Stock, with respect to Reimert Family Partners, Ltd., owned by certain stockholders of Dril-Quip, Inc. (the “Issuer”) who are parties to the Stockholders’ Agreement dated October 17, 1997 (the “Stockholders’ Agreement”). Pursuant to the Stockholders’ Agreement, certain stockholders of the Issuer have agreed to vote shares of common stock, par value $.01 per share, of the Issuer held by each of them for the election of nominees to the Board of Directors proposed by each of (i) Larry E. Reimert and Reimert Family Partners, Ltd., (ii) Gary D. Smith and Four Smith’s Company, Ltd. and (iii) J. Mike Walker. The parties to the Stockholders’ Agreement may be deemed to have formed a group pursuant to Rule 13d-5(b)(1) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Nothing herein shall constitute an affirmance that any such group exists; however, any such group could be deemed to have beneficial ownership, for purposes of Section 13(d) and 13(g) of the Exchange Act, of all equity securities of the Issuer beneficially owned by such parties. Such parties would, as of January 31, 2003, be deemed to beneficially own an aggregate of 10,406,336 shares of Common Stock, or approximately 60% of the total number of shares reported to be outstanding in the Issuer’s Form 10-Q for the quarter ended September 30, 2002. Each of Mr. Reimert and Reimert Family Partners, Ltd. disclaims the beneficial ownership of any Common Stock owned by such other parties.

 

(3) Includes 2,982,145 shares of Common Stock owned directly by Reimert Family Partners, Ltd., as to which Mr. Reimert, as its managing general partner, exercises sole voting and dispositive power. Because Mr. Reimert exercises sole voting and dispositive power with respect to these shares, he may be deemed to be an indirect beneficial owner of these shares for purposes of Rule 13d-3.

 

7


 

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: February 7, 2003

 

/s/ Larry E. Reimert


Larry E. Reimert

 

 

REIMERT FAMILY PARTNERS, LTD.

 

By:

 

/s/ Larry E. Reimert


   

Larry E. Reimert,

its Managing General Partner

 

 

 

 

8


 

AGREEMENT

 

The undersigned hereby agree in writing pursuant to the provisions of Rule 13d-1(f)(1)(iii) under the Securities Exchange Act of 1934, as amended, that the Schedule 13G to which this Agreement is attached is filed on behalf of each of the undersigned.

 

/s/ Larry E. Reimert


Larry E. Reimert

 

 

REIMERT FAMILY PARTNERS, LTD.

 

By:

 

/s/ Larry E. Reimert


   

Larry E. Reimert,

its Managing General Partner

 

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