-----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, DN/vzTjypSYP28kcVKjr/6NmOO2JQ3ESyRe5/pKhYiBF3dV5ISD2VqCk0ogMdmwv oieHGIATydLMxZm++VYnAA== 0001012975-02-000158.txt : 20020523 0001012975-02-000158.hdr.sgml : 20020523 20020523104527 ACCESSION NUMBER: 0001012975-02-000158 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020523 GROUP MEMBERS: LEWIS S. RANIERI FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LSR CAPITAL UNRG LLC CENTRAL INDEX KEY: 0001173965 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G MAIL ADDRESS: STREET 1: C/O RANIERI CO, INC. STREET 2: 50 CHARLES LINDBERG BLVD., STE. 500 CITY: UNIONDALE STATE: NY ZIP: 11553 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNITED ENERGY CORP /NV/ CENTRAL INDEX KEY: 0001116734 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 223342379 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-78279 FILM NUMBER: 02660568 BUSINESS ADDRESS: STREET 1: 600 MEADOWLANDS PARKWAY CITY: SECAUCUS STATE: NJ ZIP: 07094 BUSINESS PHONE: 2018420288 MAIL ADDRESS: STREET 1: 600 MEADOWLANDS PARKWAY CITY: SECAUCUS STATE: NJ ZIP: 07094 SC 13G 1 e923334.txt OMB APPROVAL UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. [ ])* ------- United Energy Corp. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 910900208 - -------------------------------------------------------------------------------- (CUSIP Number) - -------------------------------------------------------------------------------- May 14, 2002 - -------------------------------------------------------------------------------- (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) [X] Rule 13d-1(c) [ ] 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). Page 1 of 9 Pages 13G CUSIP No. 910900208 Page 2 of 9 Pages ________________________________________________________________________________ 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOs. OF ABOVE PERSONS. LSR Capital UNRG LLC ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ________________________________________________________________________________ 5 SOLE VOTING POWER NUMBER OF -0- SHARES _________________________________________________________________ 6 SHARED VOTING POWER BENEFICIALLY 1,500,000 (see Item 4) OWNED BY _________________________________________________________________ EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- PERSON _________________________________________________________________ 8 SHARED DISPOSITIVE POWER WITH 1,500,000 (see Item 4) ________________________________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,500,000 (see Item 4) ________________________________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ________________________________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.6% (see Item 4) ________________________________________________________________________________ 12 TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 9 Pages 13G CUSIP No. 910900208 Page 3 of 9 Pages ________________________________________________________________________________ 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOs. OF ABOVE PERSONS. Lewis S. Ranieri ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America ________________________________________________________________________________ 5 SOLE VOTING POWER NUMBER OF -0- SHARES _________________________________________________________________ 6 SHARED VOTING POWER BENEFICIALLY 1,500,000 (see Item 4) OWNED BY _________________________________________________________________ EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- PERSON _________________________________________________________________ 8 SHARED DISPOSITIVE POWER WITH 1,500,000 (see Item 4) ________________________________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,500,000 (see Item 4) ________________________________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ________________________________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.6% (see Item 4) ________________________________________________________________________________ 12 TYPE OF REPORTING PERSON* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 9 Pages Item 1. (a) Name of Issuer: United Energy Corp. (b) Address of Issuer's Principal Executive Offices: 600 Meadowlands Parkway #20 Secaucus, New Jersey 07094 Item 2. (a) Name of Persons Filing: LSR Capital UNRG LLC ("LSR") Lewis S. Ranieri ("Ranieri") (b) Address of Principal Business Office: LSR: c/o Ranieri & Co., Inc. 50 Charles Lindbergh Blvd. Suite 500 Uniondale, NY 11553 Ranieri: c/o Ranieri & Co., Inc. 50 Charles Lindbergh Blvd. Suite 500 Uniondale, NY 11553 (c) Citizenship: LSR: Delaware Ranieri: United States of America (d) Title of Class of Securities: Common Stock, par value $0.01 per share (e) CUSIP Number: 910900208 Page 4 of 9 Pages Item 3. If this Statement Is Filed Pursuant to Rules 13d-1(b), or 13d-2(b) or (c), Check Whether the Persons Filing are a: (a) |_| Broker or dealer registered under Section 15 of the Exchange Act; (b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act; (c) |_| Insurance company as defined in Section 3(a)(19) of the Exchange Act; (d) |_| Investment company registered under Section 8 of the Investment Company Act; (e) |_| An investment advisor in accordance with Rule 13d-1(b)(1)(ii)(E); (f) |_| An employee benefit plan or an endowment fund in accordance with Rule 13d- 1(b)(1)(ii)(F); (g) |_| A parent holding company or control person in accordance with Rule 13d- 1(b)(1)(ii)(G); (h) |_| A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) |_| A 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 Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box [X]. 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. LSR: (a) Amount Beneficially Owned: 1,500,000 shares of Common Stock(1) - ---------- (1) Includes 1,000,000 shares of Common Stock issued on May 14, 2002 to LSR, a single member limited liability company of which Ranieri is the sole member, and 500,000 shares of Common Stock issuable upon exercise of a Warrant issued on May 14, 2002 to LSR. Page 5 of 9 Pages (b) Percent of Class: 6.6%(2) (c) Number of shares as to which LSR has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 1,500,000 shares of Common Stock (see Footnote 1) (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 1,500,000 shares of Common Stock (see Footnote 1) Ranieri: (a) Amount Beneficially Owned: 1,500,000 shares of Common Stock (see Footnote 1) (b) Percent of Class: 6.6% (see Footnote 2) (c) Number of Shares as to Which Ranieri has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 1,500,000 shares of Common Stock (see Footnote 1) (iii) Sole power to dispose or to direct the disposition of: - ---------- (2) Based on 22,180,270 shares of Common Stock issued and outstanding as of May 21, 2002 as represented by the Issuer to LSR and 500,000 shares of Common Stock issuable upon exercise of a Warrant issued on May 14, 2002 to LSR. Page 6 of 9 Pages (iv) Shared power to dispose or to direct the disposition of: 1,500,000 shares of Common Stock (see Footnote 1) 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. Pursuant to the limited liability company agreement of LSR, Ranieri, as the sole member of LSR, has the power to sell or vote on behalf of LSR some or all of the shares of Common Stock to which this report relates. Accordingly, under Rule 13d-3(a), Ranieri may be deemed to be the beneficial owner of shares owned by LSR. 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. See the Joint Filing Agreement Attached hereto as an Exhibit. Item 9. Notice of Dissolution of the Group. Not Applicable Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 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: May 23, 2002 LSR Capital UNRG LLC /s/ Lewis S. Ranieri -------------------------------- Name: Lewis S. Ranieri Title: Managing Member Page 7 of 9 Pages /s/ Lewis S. Ranieri -------------------------------- Lewis S. Ranieri Page 8 of 9 Pages JOINT FILING AGREEMENT In accordance with rule 13d-1(k)(1) of the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each other of the attached statement on Schedule 13G, and all amendments thereto, and that such statement, and all amendments thereto, is made on behalf of each of them. IN WITNESS WHEREOF, the undersigned hereby executed this agreement on May 23, 2002. LSR Capital UNRG LLC /s/ Lewis S. Ranieri -------------------------------- Name: Lewis S. Ranieri Title: Managing Member /s/ Lewis S. Ranieri -------------------------------- Lewis S. Ranieri Page 9 of 9 Pages -----END PRIVACY-ENHANCED MESSAGE-----