-----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, JKiH3CfhGgWGP9kwgZgFG/KGy/mLkZfQojhzXQX5w6Ro8G955Y4xK7vHuuCrkOzo Fhz1Ldq8CgHsvvuah9S9/A== 0001035704-04-000298.txt : 20040604 0001035704-04-000298.hdr.sgml : 20040604 20040604171957 ACCESSION NUMBER: 0001035704-04-000298 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040604 GROUP MEMBERS: G FIVE DEVELOPEMENT LLC GROUP MEMBERS: RWG INVESTMENTS LLC FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GENTNER ROLAND W CENTRAL INDEX KEY: 0000938015 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 5980 WILDWOOD DR CITY: RAPID CITY STATE: SD ZIP: 57702 BUSINESS PHONE: 6053554983 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NATURAL GAS SERVICES GROUP INC CENTRAL INDEX KEY: 0001084991 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 752811855 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78868 FILM NUMBER: 04850492 BUSINESS ADDRESS: STREET 1: 2911 SCR 1260 CITY: MIDLAND STATE: TX ZIP: 79706 BUSINESS PHONE: 9155633974 MAIL ADDRESS: STREET 1: 2911 SCR 1260 CITY: MIDLAND STATE: TX ZIP: 79706 SC 13D/A 1 d15959a1sc13dza.txt AMENDMENT TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1)* Natural Gas Services Group, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 63886Q 10 9 - -------------------------------------------------------------------------------- (CUSIP Number) 2911 South County Road 1260, Midland, Texas 79706 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 11, 2004 - -------------------------------------------------------------------------------- (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 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. *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). SCHEDULE 13D (Amendment No. 1) CUSIP NO. 63886Q 10 9 Page 2 of 9 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Roland W. Gentner - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (x) (b) ( ) - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) PF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ( ) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 369,000 SHARES ------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH ------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON 369,000 WITH ------------------------------------------ 10 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 369,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ( ) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - -------------------------------------------------------------------------------- SCHEDULE 13D (Amendment No. 1) CUSIP NO. 63886Q 10 9 Page 3 of 9 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) RWG Investments LLC - Federal I.D. #46-0453595 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (x) (b) ( ) - -------------------------------------------------------------------------------- 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) ( ) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION South Dakota - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 245,000 SHARES ------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH ------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON 245,000 WITH ------------------------------------------ 10 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 245,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ( ) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - -------------------------------------------------------------------------------- SCHEDULE 13D (Amendment No. 1) CUSIP NO. 63886Q 10 9 Page 4 of 9 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) G Five Development LLC - Federal I.D. #20-0763134 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (x) (b) ( ) - -------------------------------------------------------------------------------- 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) ( ) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION South Dakota - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 82,000 SHARES ------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH ------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON 82,000 WITH ------------------------------------------ 10 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 82,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ( ) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - -------------------------------------------------------------------------------- SCHEDULE 13D (Amendment No. 1) CUSIP NO. 63886Q 10 9 Page 5 of 9 Item 1. Security and Issuer. This statement relates to the Common Stock of Natural Gas Services, Inc., a Colorado corporation (the "Company"). The Company's principal address is 2911 South County Road 1260, Midland, Texas 79706. Item 2. Identity and Background. (a) This statement is filed by Roland W. Gentner, an individual, RWG Investments LLC, a South Dakota limited liability company ("RWG Investments") which is solely owned by Roland W. Gentner, and G Five Development LLC, a South Dakota limited liability company ("G Five"), 97% of which is owned between Mr. Gentner and his spouse, with the remaining 3% owned by Mr. Gentner's three sons. (b) The address of Mr. Gentner, RWG Investments and G Five is 5980 Wildwood Drive, Rapid City, South Dakota 57702. (c) Mr. Gentner's principal occupation is President and Chief Executive Officer of Sodak Gaming, Inc., a distributor of gaming equipment. Sodak's address is 5301 South Hwy 16, Rapid City, South Dakota 57701. RWG Investments and G Five are limited liability companies through which Mr. Gentner makes investments. (d) During the last five years, none of Roland W. Gentner, RWG Investments or G Five, to the best of his or its knowledge, or any of its respective managers or members (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceedings was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (e) Mr. Gentner is a citizen of the United States of America. RWG Investments and G Five are limited liability companies organized under the laws of South Dakota. Item 3. Source and Amount of Funds or Other Consideration. On or about May 6, 1999 and September 10, 1999, RWG Investments purchased 50,000 shares and 200,000 shares, respectively, of the Common Stock in a private placement by the Company. The stock was purchased for $2.00 per share using funds reserved for investments. In October 1999, the RWG Investments was granted a five year option to purchase 100,000 shares of our common stock at $2.00 per share in consideration of Mr. Gentner serving as an advisor to the Company's Board of Directors. RWG Investments exercised the option in its entirety on or about June 24, 2003, and the Company has issued 100,000 shares of its Common Stock to RWG Investments in connection with the exercise. RWG Investments paid the exercise price with funds reserved for investments. SCHEDULE 13D (Amendment No. 1) CUSIP NO. 63886Q 10 9 Page 6 of 9 In connection with a private placement of units by the Company of subordinated notes and warrants, on or about February 14, 2001, RWG Investments purchased from the Company $80,000 of its 10% Subordinated Notes and five year warrants to purchase Common Stock of the Company at $3.25 per share. The warrants entitled RWG Investments to purchase up to 32,000 shares of stock. The units were purchased using funds reserved for investments. On May 13, 2004, RWG Investments exercised all of the warrants and received 32,000 shares of stock. RWG Investments assigned the 32,000 shares to Roland W. Gentner, who has transferred the shares to G Five. On or about September 4, 2001, RWG Investments purchased 12,000 shares of the Company's 10% Convertible Series A Preferred Stock in the Company's private placement. Each share of the preferred stock is entitled to one vote per share with the holders of the Company's Common Stock on any matter voted on at a meeting of the Company's shareholders an to vote as a class on any matter required to be voted on by classes under Colorado law. The preferred stock is convertible into shares of the Company's Common Stock at $3.25 per share subject to adjustment. The preferred stock automatically converts into the Company's Common Stock if at any time the Common Stock trades for 20 consecutive trading days at a price equivalent to 200% of the then conversion price. On May 12, 2004, the preferred stock was automatically converted into 12,000 shares of Common Stock. RWG Investments assigned the Common Stock to Roland Gentner. In October 2002, Roland W. Gentner purchased 15,000 shares of the Company's Common Stock and 15,000 of the Company's Warrants in the Company's initial public offering. Each Warrant is exercisable in Company Common Stock at $6.25 per share during the four years ending October 21, 2006, subject to the Company's redemption rights. The shares and Warrants were purchased using personal funds. On or about May 17, 2004, RWG Investments transferred 50,000 shares of the Company's Common stock to G Five. Item 4. Purpose of Transaction. The shares, options and warrants described herein were acquired and sold for investment purposes. Based on continuing evaluation of the Company's businesses and prospects, alternative investment opportunities, the Company's stock price and all other factors deemed relevant, additional Company securities may be acquired or sold in the open market or in privately negotiated transactions, or some or all of the options or warrants held by Mr. Gentner, RWG Investments or G Five may be exercised into Company Common Stock. Furthermore, the securities held by Mr. Gentner, RWG Investments or G Five may be sold. Except as set forth elsewhere in this Schedule 13D, neither Mr. Gentner, RWG Investments or G Five have made any proposals and have entered into any agreements which would be related to or would result in any of the matters described in Items 4(a)-(j) of Schedule 13D; however, as part of THEIR ongoing review of investment alternatives, Mr. Gentner, RWG Investments or G Five may consider further investment opportunities with management or the Board of Directors of the Company or other stockholders of the Company. SCHEDULE 13D (Amendment No. 1) CUSIP NO. 63886Q 10 9 Page 7 of 9 Item 5. Interest in Securities of the Issuer RWG Investments sold shares of the Company's Common Stock in the amounts and on the dates shown in the following table:
---------------------------------------------------------------------------------------------------- Person who effected Date of the Amount of Price per share Where and how the transaction transaction Securities transaction was involved effected ---------------------------------------------------------------------------------------------------- RWG Investments 4/28/04 5000 $9.63 Customary Broker Transaction ---------------------------------------------------------------------------------------------------- RWG Investments 4/28/04 1400 $9.63 Customary Broker Transaction ---------------------------------------------------------------------------------------------------- RWG Investments 5/03/04 3600 $9.24 Customary Broker Transaction ---------------------------------------------------------------------------------------------------- RWG Investments 5/04/04 3000 $9.56 Customary Broker Transaction ---------------------------------------------------------------------------------------------------- RWG Investments 5/04/04 5000 $9.80 Customary Broker Transaction ---------------------------------------------------------------------------------------------------- RWG Investments 5/04/04 3000 $9.56 Customary Broker Transaction ---------------------------------------------------------------------------------------------------- RWG Investments 5/04/04 4000 $9.79 Customary Broker Transaction ---------------------------------------------------------------------------------------------------- RWG Investments 5/04/04 5000 $9.90 Customary Broker Transaction ---------------------------------------------------------------------------------------------------- RWG Investments 5/04/04 5000 $10.00 Customary Broker Transaction ---------------------------------------------------------------------------------------------------- RWG Investments 5/04/04 5000 $9.89 Customary Broker Transaction ---------------------------------------------------------------------------------------------------- RWG Investments 5/05/04 5000 $9.67 Customary Broker Transaction ---------------------------------------------------------------------------------------------------- RWG Investments 5/07/04 2500 $9.67 Customary Broker Transaction ----------------------------------------------------------------------------------------------------
SCHEDULE 13D (Amendment No. 1) CUSIP NO. 63886Q 10 9 Page 8 of 9
---------------------------------------------------------------------------------------------------- Person who effected Date of the Amount of Price per share Where and how the transaction transaction Securities transaction was involved effected ---------------------------------------------------------------------------------------------------- RWG Investments 5/07/04 5000 $9.70 Customary Broker Transaction ---------------------------------------------------------------------------------------------------- RWG Investments 05/11/04 2500 $9.67 Customary Broker Transaction ----------------------------------------------------------------------------------------------------
As of the date of this Schedule 13D amendment, Mr. Gentner beneficially owned 369,000 shares of Common Stock of the Issuer (approximately 6.9% of the Company's outstanding shares of Common Stock), 354,000 shares of which are issued and outstanding and an additional 15,000 of which Mr. Gentner has the right to acquire upon exercise of the warrant noted in Item 4 of this Schedule 13D. Mr. Gentner has the sole power to vote or to direct the vote and the sole power to dispose or to direct the disposition of the 369,000 shares beneficially owned by him. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer As noted in Item 3, in October 1999 the LLC was granted an option for 100,000 shares of Company Common Stock in consideration for Mr. Gentner providing advisory services to the Company's Board of Directors. The terms of the option provided that the option could only be exercised during its first three years if Mr. Gentner was an advisor to the Company's Board of Directors. Mr. Gentner exercised the option in full on June 24, 2003. Mr. Gentner continues to provide such advisory services to the Company's Board of Directors on an as needed basis. Item 7. Material to be Filed as Exhibits None SCHEDULE 13D (Amendment No. 1) CUSIP NO. 63886Q 10 9 Page 9 of 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. /s/ Roland W. Gentner -------------------------------------------- Roland W. Gentner RWG INVESTMENTS, LLC By: /s/ Roland W. Gentner ----------------------------------------- Roland W Gentner, Manager G FIVE DEVELOPMENT, LLC By: /s/ Roland W. Gentner ----------------------------------------- Roland W. Gentner, Manager -----END PRIVACY-ENHANCED MESSAGE-----