-----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, VzjjoPNgikgIgIhqrV/eR4xnjSABg9A8DUGxBBTYOgOx80oAv9N00iReedUgQJtS c1fuj+ONSzEBNiqR8KogLQ== /in/edgar/work/0000902664-00-000613/0000902664-00-000613.txt : 20000928 0000902664-00-000613.hdr.sgml : 20000928 ACCESSION NUMBER: 0000902664-00-000613 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000926 GROUP MEMBERS: GENDELL JEFFREY L ET AL GROUP MEMBERS: GENDELL JEFFREY L ET AL. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WESTMORELAND COAL CO CENTRAL INDEX KEY: 0000106455 STANDARD INDUSTRIAL CLASSIFICATION: [1220 ] IRS NUMBER: 231128670 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-12668 FILM NUMBER: 728894 BUSINESS ADDRESS: STREET 1: 2 NORTH CASCADE AVENUE 14TH FLOOR STREET 2: 200 S BROAD ST CITY: COLORADO SPRINGE STATE: CO ZIP: 80903 BUSINESS PHONE: 7194422600 MAIL ADDRESS: STREET 1: 2 N CASCADE AVE STREET 2: # 14THFL CITY: COLORADO SPRINGS STATE: CO ZIP: 80903-1614 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GENDELL JEFFREY L ET AL CENTRAL INDEX KEY: 0000948904 STANDARD INDUSTRIAL CLASSIFICATION: [ ] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 31 WEST 52ND ST STREET 2: 17TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 MAIL ADDRESS: STREET 2: 200 PARK AVENUE SUITE 3900 CITY: NEW YORK STATE: NY ZIP: 10166 SC 13D/A 1 0001.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ SCHEDULE 13D/A (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a) (Amendment No. 2)* Westmoreland Coal Company (Name of Issuer) Common Stock (Title of Class of Securities) 960878106 (CUSIP Number) Jeffrey L. Gendell 200 Park Avenue, Suite 3900, New York, New York 10166 (212) 692-3695 (Name, address and telephone number of person authorized to receive notices and communications) September 21, 2000 (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(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 Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 12 Pages) ________________ *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 purposes 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. 960878106 13D Page 2 of 12 Pages ____________________________________________________________________________ (1) NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Jeffrey L. Gendell _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) SOURCE OF FUNDS ** PF ____________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION United States _____________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER 549,000 SHARES ______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER 650,000 OWNED BY ___________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER 549,000 REPORTING ______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER 650,000 _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 650,000 _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.19% _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON ** IN _____________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 960878106 13D Page 3 of 12 Pages ____________________________________________________________________________ (1) NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Tontine Partners, L.P. _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] _____________________________________________________________________________ (5) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware _____________________________________________________________________________ NUMBER OF (6) SOLE VOTING POWER -0- SHARES ______________________________________________________________ BENEFICIALLY (7) SHARED VOTING POWER 66,700 OWNED BY ___________________________________________________________ EACH (8) SOLE DISPOSITIVE POWER -0- REPORTING ______________________________________________________________ PERSON WITH (9) SHARED DISPOSITIVE POWER 66,700 _____________________________________________________________________________ (10) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 66,700 _____________________________________________________________________________ (11) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] _____________________________________________________________________________ (12) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .94% _____________________________________________________________________________ (13) TYPE OF REPORTING PERSON ** CO _____________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 960878106 13D Page 4 of 12 Pages ____________________________________________________________________________ (1) NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Tontine Management, LLC _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] _____________________________________________________________________________ (5) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware _____________________________________________________________________________ NUMBER OF (6) SOLE VOTING POWER -0- SHARES ______________________________________________________________ BENEFICIALLY (7) SHARED VOTING POWER 66,700 OWNED BY ___________________________________________________________ EACH (8) SOLE DISPOSITIVE POWER -0- REPORTING ______________________________________________________________ PERSON WITH (9) SHARED DISPOSITIVE POWER 66,700 _____________________________________________________________________________ (10) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 66,700 _____________________________________________________________________________ (11) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] _____________________________________________________________________________ (12) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .94% _____________________________________________________________________________ (13) TYPE OF REPORTING PERSON ** CO _____________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 960878106 13D Page 5 of 12 Pages ____________________________________________________________________________ (1) NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Tontine Overseas Associates, LLC _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] _____________________________________________________________________________ (5) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware _____________________________________________________________________________ NUMBER OF (6) SOLE VOTING POWER -0- SHARES ______________________________________________________________ BENEFICIALLY (7) SHARED VOTING POWER 34,300 OWNED BY ___________________________________________________________ EACH (8) SOLE DISPOSITIVE POWER -0- REPORTING ______________________________________________________________ PERSON WITH (9) SHARED DISPOSITIVE POWER 34,300 _____________________________________________________________________________ (10) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 34,300 _____________________________________________________________________________ (11) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] _____________________________________________________________________________ (12) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .49% _____________________________________________________________________________ (13) TYPE OF REPORTING PERSON ** CO _____________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 960878106 13D Page 6 of 12 Pages Item 1. Security and Issuer. The Schedule 13D filed on March 26, 1999 by Jeffrey L. Gendell, as amended by Amendment No. 1 filed on July 12, 2000(the "Schedule 13D") relating to the common stock, $2.50 par value (the "Common Stock") of Westmoreland Coal Company (the "Company")is hereby amended further by this Amendment No. 2 to the Schedule 13D. The Company's principal executive offices are located at 14th Floor, 2 North Cascade Avenue, Colorado Springs, Colorado 80903. Item 2. Identity and Background The principal business address for the following reporting persons is 200 Park Avenue, Suite 3900, New York, New York 10166: (i) Jeffrey L. Gendell is a citizen of the United States. (ii) Tontine Partners, L.P. is a limited partnership organized under the laws of the State of Delaware. (iii) Tontine Management, L.L.C. is a limited liability company organized under the laws of the State of Delaware. (iv) Tontine Overseas Associates, LLC is a limited liability company organized under the laws of the State of Delaware. Item 3. Source and Amount of Funds and Other Consideration. The net investment cost (including commissions, if any) of the shares of Common Stock directly owned by Mr. Gendell is approximately $2,061,499. The shares of Common Stock owned directly by Mr. Gendell were purchased with personal funds and on margin. Mr. Gendell's margin transactions are with ING Baring Furman Selz, LLC, on such firm's usual terms and conditions. All or part of the shares of Common Stock directly owned by Mr. Gendell may from time to time be pledged with one or more banking institutions or brokerage firms as collateral for loans made by such bank(s) or brokerage firm(s) to Mr. Gendell. Such loans bear interest at a rate based upon the broker's call rate from time to time in effect. Such indebtedness may be refinanced with other banks or broker-dealers. The net investment cost (including commissions, if any) of the shares of Common Stock directly owned by Tontine Partners, L.P. and which are also attributable to Tontine Management, LLC, is approximately $324,209. The net investment cost (including commissions, if any) of the shares of Common Stock owned directly by Tontine Overseas Fund but are attributable to Tontine Overseas Associates, LLC is approximately $166,139. ************************* Item 5. Interest in Securities of the Issuer. A. Jeffrey L. Gendell. (a) Aggregate number of shares beneficially owned: 650,000 Percentage: 9.19% The percentages used herein and in the rest of Item 5 are calculated based upon the 7,069,663 shares of Common Stock issued and outstanding as of August 1, 2000 as reflected in the Company's Form 10-Q for the quarterly period ending June 30, 2000. Mr. Gendell's aforementioned beneficial ownership includes 15,000 shares of Common CUSIP No. 960878106 13D Page 7 of 12 Pages Stock which were purchased via a self-directed Individual Retirement Account. Also included in the shares mentioned above are 66,700 shares of Common Stock directly owned by Tontine Partners, L.P. (attributable to Tontine Management, LLC) and 34,300 shares of Common Stock directly owned by Tontine Overseas Fund Ltd. (attributable to Tontine Overseas Associates, LLC). Mr. Gendell has the power to vote and dispose of the shares of Common Stock owned by both Tontine Partners, L.P. and Tontine Overseas Fund Ltd and, accordingly, may be deemed the "beneficial owner" of such shares. (b) 1. Sole power to vote or direct vote: 549,000 2. Shared power to vote or direct vote: 650,000 3. Sole power to dispose or direct the disposition: 549,000 4. Shared power to dispose or direct the disposition: 650,000 (c) The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions, which were all on the open market, in the Common Stock since the filing of Amendment No. 1 to the Schedule 13D on July 12, 2000, are set forth in Schedule A and are incorporated by reference. (d) Not Applicable (e) Not Applicable. B. Tontine Partners, L.P. (a) Aggregate number of shares beneficially owned: 66,700 Percentage: .94% (b) 1. Sole power to vote or direct vote: -0- 2. Shared power to vote or direct vote: 66,700 3. Sole power to dispose or direct the disposition: -0- 4. Shared power to dispose or direct the disposition: 66,700 (c) The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions, which were all on the open market, in the Common Stock since the filing of Amendment No. 1 to the Schedule 13D on July 12, 2000, are set forth in Schedule B and are incorporated by reference. (d) Not Applicable (e) Not Applicable. C. Tontine Management, LLC (a) Aggregate number of shares beneficially owned (but directly owned by Tontine Partners, L.P.): 66,700 Percentage: .94% (b) 1. Sole power to vote or direct vote: -0- 2. Shared power to vote or direct vote: 66,700 3. Sole power to dispose or direct the disposition: -0- 4. Shared power to dispose or direct the disposition: 66,700 (c) See Schedule B. (d) Not Applicable (e) Not Applicable. B. Tontine Overseas Associates, LLC (a) Aggregate number of shares beneficially owned (but directly owned by Tontine Overseas Fund, Ltd.): 34,300 Percentage: .49% (b) 1. Sole power to vote or direct vote: -0- 2. Shared power to vote or direct vote: 34,300 3. Sole power to dispose or direct the disposition: -0- 4. Shared power to dispose or direct the disposition: 34,300 (c) The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions, which were all on the open market, in the Common Stock since the filing of Amendment No. 1 to the Schedule 13D on July 12, 2000, are set forth in Schedule C and are incorporated CUSIP No. 960878106 13D Page 8 of 12 Pages by reference. (d) Not Applicable (e) Not Applicable. (Remainder of page intentionally left blank) CUSIP No. 960878106 13D Page 9 of 12 Pages SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. DATED: September 26, 2000 /s/ JEFFREY L. GENDELL Jeffrey L. Gendell, individually and for Tontine Partners, L.P., Tontine Overseas Fund Ltd, Tontine Management, L.L.C. and Tontine Overseas Associates, LLC. CUSIP No. 960878106 13D Page 10 of 12 Pages Schedule A JEFFREY L. GENDELL Price Per Share Date of Number of Shares (including commissions, Transaction Purchased/(Sold) if any) 7/13/00 6,000 $3.17 7/18/00 20,000 $3.29 8/24/00 10,000 $3.47 CUSIP No. 960878106 13D Page 11 of 12 Pages Schedule B TONTINE PARTNERS, L.P.* Price Per Share Date of Number of Shares (including commissions, Transaction Purchased/(Sold) if any) 9/18/00 23,100 $4.93 9/21/00 12,000 $4.69 9/22/00 9,600 $4.79 9/25/00 10,000 $4.91 9/26/00 12,000 $4.91 *These shares are also attributable to Tontine Management, L.L.C. CUSIP No. 960878106 13D Page 12 of 12 Pages Schedule C TONTINE OVERSEAS ASSOCIATES, L.L.C** Price Per Share Date of Number of Shares (including commissions, Transaction Purchased/(Sold) if any) 9/18/00 11,900 $4.93 9/21/00 8,000 $4.69 9/22/00 6,400 $4.79 9/26/00 8,000 $4.91 ** These shares are directly owned by Tontine Overseas Fund, Ltd. 2021318.1 -----END PRIVACY-ENHANCED MESSAGE-----