-----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, PSUp2nLqKye8jU/Ncefwe3qLl5RCafUpfQPrXudsl8TOYMt751DNiUqUJUORemfH Jl3pHuVQ8KkSZKgU6Vhu3g== 0000902595-11-000027.txt : 20110211 0000902595-11-000027.hdr.sgml : 20110211 20110211140553 ACCESSION NUMBER: 0000902595-11-000027 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110211 DATE AS OF CHANGE: 20110211 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TOREADOR RESOURCES CORP CENTRAL INDEX KEY: 0000098720 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 750991164 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-16472 FILM NUMBER: 11597611 BUSINESS ADDRESS: STREET 1: C/O TOREADOR HOLDING SAS STREET 2: 9 RUE SCRIBE CITY: PARIS STATE: I0 ZIP: 75009 BUSINESS PHONE: 33 1 47 03 34 24 MAIL ADDRESS: STREET 1: C/O TOREADOR HOLDING SAS STREET 2: 9 RUE SCRIBE CITY: PARIS STATE: I0 ZIP: 75009 FORMER COMPANY: FORMER CONFORMED NAME: TOREADOR ROYALTY CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Palo Alto Investors, LLC CENTRAL INDEX KEY: 0001306923 IRS NUMBER: 770558164 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 470 UNIVERSITY AVE CITY: PALO ALTO STATE: CA ZIP: 94301 BUSINESS PHONE: 650-325-0772 MAIL ADDRESS: STREET 1: 470 UNIVERSITY AVE CITY: PALO ALTO STATE: CA ZIP: 94301 SC 13G/A 1 toreadorsch13da-no1.htm TOREADOR RESOURCES CORPORATION SCHEDULE 13D-A NO. 1 toreadorsch13da-no1.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
(Amendment No. 1)
 

Toreador Resources Corporation
(Name of Issuer)

Common Stock
(Title of Class of Securities)


891050106
(CUSIP Number)


December 31, 2010

(Date of Event Which Requires Filing of this Statement)

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

[X ]           Rule 13d-1(b)

[    ]           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).

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.



SEC                                                                                      Page  1 of 9
 
 

 
CUSIP No. 891050106


 

 
1.
Names of Reporting Persons.

 
Palo Alto Investors, LLC


 
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 
California

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
5.           Sole Voting Power                                       0
6.           Shared Voting Power                                            537,900
7.           Sole Dispositive Power                                            0
8.           Shared Dispositive Power                                           537,900

 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person                   537,900
 
 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 
______
 
 
11.
Percent of Class Represented by Amount in Row (9) 
2.1%
 
 
12.
Type of Reporting Person (See Instructions) 
OO, IA



Page  2 of 9
 
 

 
CUSIP No. 891050106





 
1.
Names of Reporting Persons.

 
Palo Alto Investors


 
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 
California

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
5.           Sole Voting Power                                       0
 
6.           Shared Voting Power                                           537,900
7.           Sole Dispositive Power                                       0
8.           Shared Dispositive Power                                  537,900

 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person                  537,900
 
 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 
_____
 
 
11.
Percent of Class Represented by Amount in Row (9) 
2.1%
 
 
12.
Type of Reporting Person (See Instructions) 
CO, HC



Page  3 of 9
 
 

 
CUSIP No. 891050106


 


 
1.
Names of Reporting Persons.

 
William Leland Edwards


 
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 
U.S.A.

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
5.           Sole Voting Power                                      0
6.           Shared Voting Power                                          537,900
7.           Sole Dispositive Power                                             0
8.           Shared Dispositive Power                                           537,900

 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person                   537,900
 
 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ______
 
 
11.
Percent of Class Represented by Amount in Row (9) 
2.1%
 
 
12.
Type of Reporting Person (See Instructions) 
IN, HC



 
Page 4 of 9
 
 

 
CUSIP No. 891050106


 
 
 
1.
Names of Reporting Persons.

 
Anthony Joonkyoo Yun, MD


 
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 
U.S.A.

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
5.           Sole Voting Power                                        0
6.           Shared Voting Power                                           537,900
7.           Sole Dispositive Power                                       0
8.           Shared Dispositive Power                                  537,900

 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person                      537,900
 
 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 
______
 
 
11.
Percent of Class Represented by Amount in Row (9) 
2.1%
 
 
12.
Type of Reporting Person (See Instructions) 
IN, HC


Page  5 of 9
 
 

 
CUSIP No. 891050106


Item 1.

 
(a)
Name of Issuer

 
Toreador Resources Corporation
 
 

 
(b)
Address of Issuer's Principal Executive Offices

 
c/o Toreador Holding SAS, 9 rue Scirbe, Paris, France

 
 

Item 2.

 
(a)
The names of the persons filing this statement are:

 
Palo Alto Investors, LLC (“PAI”)
 
 

 
Palo Alto Investors
 
 

 
William Leland Edwards
 
 

Anthony Joonkyoo Yun, MD


 (collectively, the "Filers").

 
(b)
The principal business office of the Filers is located at:

 
470 University Avenue, Palo Alto, CA 94301
 
 


 
(c)
For citizenship of Filers, see Item 4 of the cover sheet for each Filer.

 
(d)
This statement relates to shares of Common Stock of the Issuer (the "Stock").

(e)           The CUSIP number of the Issuer is:  891050106

Page 6 of 9
 
 

 
CUSIP No. 891050106


Item 3.
If this statement is filed pursuant to rule 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 
(a)
[    ]
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 
(b)
[    ]
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 
(c)
[    ]
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 
(d)
[    ]
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 
(e)
[ x ]
An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E) (as to PAI).

 
(f)
[    ]
An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F).

 
(g)
[ x ]
A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G) (as to Palo Alto Investors and Mr. Edwards).

 
(h)
[    ]
A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

 
(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 (15 U.S.C. 80a-3).

 
(j)
[   ]
Group, in accordance with section 240.13d-1(b)(1)(ii)(J).


Item 4.
Ownership.

See Items 5-9 and 11 of the cover page for each Filer.

Item 5.
Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  [X].

Item 6.
Ownership of More than Five Percent on Behalf of Another Person.

PAI is a registered investment adviser and is the general partner and investment adviser of investment limited partnerships and is the investment adviser to other investment funds.  PAI's clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Stock.  No individual client separately holds more than five percent of the outstanding Stock.

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.
 
Page 7 of 9
 
 

 
CUSIP No. 891050106


Item 8.
Identification and Classification of Members of the Group.

Palo Alto Investors is the manager of PAI.  Mr. Edwards is the controlling shareholder of Palo Alto Investors.  Dr. Yun is the President of PAI and Palo Alto Investors.   The Filers are filing this Schedule 13G jointly, but not as members of a group, and each of them expressly disclaims membership in a group.  Each Filer disclaims beneficial ownership of the Stock except to the extent of that Filer's pecuniary interest therein.

Item 9.
Notice of Dissolution of 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 acquired and are held in the ordinary course of business and 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.
 
 
Exhibits:
 
Joint Filing Agreement, previously filed.
 
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 11, 2011



PALO ALTO INVESTORS
 
 
By:           /s/ Mark Shamia
Mark Shamia, Chief Operating Officer
 
PALO ALTO INVESTORS, LLC
 
By:           Palo Alto Investors, Manager
 
By:           /s/ Mark Shamia
Mark Shamia, Chief Operating Officer
 
 
/s/ William L. Edwards
William L. Edwards
 
 
/s/ Anthony Joonkyoo Yun
Anthony Joonkyoo Yun, MD



Page 8 of 9
 
 

 
CUSIP No. 891050106


 


EXHIBIT A
AGREEMENT REGARDING JOINT FILING
OF STATEMENT ON SCHEDULE 13D OR 13G

The undersigned agree to file jointly with the Securities and Exchange Commission (the "SEC") any and all statements on Schedule 13D or Schedule 13G (and any amendments or supplements thereto) required under section 13(d) of the Securities Exchange Act of 1934, as amended, in connection with purchases and sales by the undersigned of the securities of any issuer until such time as the undersigned file with the SEC a statement terminating this Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G.  For that purpose, the undersigned hereby constitute and appoint Palo Alto Investors, LLC, a California limited liability company, as their true and lawful agent and attorney-in-fact, with full power and authority for and on behalf of the undersigned to prepare or cause to be prepared, sign, file with the SEC and furnis h to any other person all certificates, instruments, agreements and documents necessary to comply with section 13(d) and section 16(a) of the Securities Exchange Act of 1934, as amended, in connection with said purchases and sales, and to do and perform every act necessary and proper to be done incident to the exercise of the foregoing power, as fully as the undersigned might or could do if personally present, until such time as the undersigned file with the SEC a statement terminating this Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G.

Dated:              February 13, 2009

PALO ALTO INVESTORS
 
 
By:           /s/ Mark Shamia, Chief Operating Officer
 
PALO ALTO INVESTORS, LLC
 
 
By:           /s/ Mark Shamia, Chief Operating Officer
 
 
/s/ William Leland Edwards
 
 
/s/ Anthony Joonkyoo Yun, MD


Page 9 of 9
 
 

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