-----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, HnL3iDrACUU9ZTtG8H1dNVQX6xTH7xWAEphYxnG/N8xrt0/cD4/EM9liVmLozrEF XPlxS82+RLG32gb5H8ocqg== 0000912057-97-021701.txt : 19970625 0000912057-97-021701.hdr.sgml : 19970625 ACCESSION NUMBER: 0000912057-97-021701 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970624 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MAXXAM INC CENTRAL INDEX KEY: 0000063814 STANDARD INDUSTRIAL CLASSIFICATION: PRIMARY PRODUCTION OF ALUMINUM [3334] IRS NUMBER: 952078752 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-02917 FILM NUMBER: 97628851 BUSINESS ADDRESS: STREET 1: 5847 SAN FELIPE STREET 2: SUITE 2600 CITY: HOUSTON STATE: TX ZIP: 77057 BUSINESS PHONE: 7132673669 MAIL ADDRESS: STREET 1: 5847 SAN FELIPE STREET 2: SUITE 2600 CITY: HOUSTON STATE: TX ZIP: 77057 FORMER COMPANY: FORMER CONFORMED NAME: MCO HOLDINGS INC DATE OF NAME CHANGE: 19881115 FORMER COMPANY: FORMER CONFORMED NAME: MCCULLOCH OIL CORP DATE OF NAME CHANGE: 19800630 FORMER COMPANY: FORMER CONFORMED NAME: MCCULLOCH OIL CORP OF CALIFORNIA DATE OF NAME CHANGE: 19691118 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ROBERTSON STEPHENS & CO INC ET AL CENTRAL INDEX KEY: 0000922235 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: CA FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 555 CALIFORNIA ST STE 2600 CITY: SAN FRANSICO STATE: CA ZIP: 94104 BUSINESS PHONE: 4157819700 SC 13D/A 1 SC 13D/A ---------------------------------------- OMB APPROVAL ---------------------------------------- OMB Number:. . . . . . . . . . 3235-0145 Expires: . . . . . . . .October 31, 1994 Estimated average burden hours per form. . . . . . 141.00 ---------------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4)* MAXXAM, INC. - -------------------------------------------------------------------------------- Name of Issuer COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 577913106 - -------------------------------------------------------------------------------- CUSIP Number PAUL H. STEPHENS: ROBERTSON, STEPHENS & COMPANY, INCORP0RATED 555 CALIFORNIA STREET, SUITE 2600, SAN FRANCISCO, CA 94104 (415) 781-9700 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) JUNE 9, 1997 - -------------------------------------------------------------------------------- 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(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with the statement [ ]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class). (See Rule 13d-7.) NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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 - -------------------------------------------------------------------------------- CUSIP No. 577913106 Page 2 of 15 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Robertson Stephens Contrarian Fund Tax I.D. 94-3174915 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 500,000 OWNED -------------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 500,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 500,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 5.8% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IV - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION - -------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 577913106 Page 3 of 15 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Robertson Stephens Orphan Fund Tax I.D. 94-3108651 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 46,700 OWNED -------------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 46,700 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 46,700 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) .6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IV - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION - -------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 577913106 Page 4 of 15 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Robertson Stephens Global Natural Resources Fund Tax I.D. 94-6688562 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 68,600 OWNED -------------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 68,600 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 68,600 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) .8% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IV - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION - -------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 577913106 Page 5 of 15 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Robertson Stephens Partners Fund Tax I.D. 94-3221209 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 85,500 OWNED -------------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 85,500 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 85,500 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 1.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IV - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION - -------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 577913106 Page 6 of 15 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Robertson Stephens Orphan Off-shore Fund Tax I.D. N/A - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 8,000 OWNED -------------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 8,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) .1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IV - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION - -------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 577913106 Page 7 of 15 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robertson, Stephens & Company, Incorporated Tax I.D. 94-3172874See Exhibit A for a list of Executive Officers - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (Working Capital of Purchasing Funds) See Item 2. - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 -------------------------------------------------------- 8 SHARED VOTING POWER 708,800 shares held of record by The Robertson Stephens Orphan Fund of which Robertson, Stephens & Co. Investment Management, L.P. and Bayview Investors, Ltd. are the General Partners. Includes shares held of record by The Robertson Stephens Orphan Offshore Fund of which Robertson, NUMBER OF Stephens & Co. Investment Management, L.P. is the SHARES General Partner. Includes shares held of record by BENEFICIALLY The Robertson Stephens Contrarian Fund of which OWNED Robertson, Stephens & Co. Investment Management, BY EACH L.P. is investment adviser. Includes shares held REPORTING of record by The Robertson Stephens Global Natural PERSON WITH Resources Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser. Includes shares held of record by The Robertson Stephens Partners Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser See Item 5.) -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 708,800 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 708,800 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 8.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION - -------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 577913106 Page 8 of 15 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bayview Investors LTD Tax I.D. 94-3172874See Exhibit A for a list of Executive Officers - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (Working Capital of Purchasing Funds)See Item 2. - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES 46,700 shares held of record by The Robertson BENEFICIALLY Stephens Orphan Fund of which Robertson, Stephens OWNED & Co. Investment Management, L.P. and Bayview BY EACH Investors, Ltd. are the General Partners. REPORTING -------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 46,700 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 46,700 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) .6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION - -------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 577913106 Page 9 of 15 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robertson, Stephens & Company Investment Management L.P. Tax I.D. 94-3181687 See Exhibit A for a list of Executive Officers - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (Working Capital of Purchasing Funds) See Item 2. - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 -------------------------------------------------------- 8 SHARED VOTING POWER 708,800 shares held of record by The Robertson Stephens Orphan Fund of which Robertson, Stephens & Co. Investment Management, L.P. and Bayview Investors, Ltd. are the General Partners. Includes shares held of record by The Robertson Stephens Orphan Offshore Fund of which Robertson, NUMBER OF Stephens & Co. Investment Management, L.P. is the SHARES General Partner. Includes shares held of record BENEFICIALLY by The Robertson Stephens Contrarian Fund of OWNED which Robertson, Stephens & Co. Investment BY EACH Management, L.P. is investment adviser. Includes REPORTING shares held of record by The Robertson Stephens PERSON WITH Global Natural Resources Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser. Includes shares held of record by The Robertson Stephens Partners Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser See Item 5.) -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 708,800 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 708,800 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 8.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION - -------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 577913106 Page 10 of 15 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Paul Stephens Tax I.D. ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 5,100 -------------------------------------------------------- 8 SHARED VOTING POWER 708,800 shares held of record by The Robertson Stephens Orphan Fund of which Robertson, Stephens & Co. Investment Management, L.P. and Bayview Investors, Ltd. are the General Partners. Includes shares held of record by The Robertson Stephens Orphan Offshore Fund of which Robertson, NUMBER OF Stephens & Co. Investment Management, L.P. is the SHARES General Partner. Includes shares held of record BENEFICIALLY by The Robertson Stephens Contrarian Fund of which OWNED Robertson, Stephens & Co. Investment Management, BY EACH L.P. is investment adviser. Includes shares held REPORTING of record by The Robertson Stephens Global Natural PERSON WITH Resources Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser. Includes shares held of record by The Robertson Stephens Partners Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser See Item 5.) -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 5,100 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 708,800 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 713,900 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 8.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION - -------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 577913106 Page 11 of 15 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sanford Robertson Tax I.D. ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (Working Capital of Purchasing Funds) See Item 2. - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 -------------------------------------------------------- 8 SHARED VOTING POWER 708,800 shares held of record by The Robertson Stephens Orphan Fund of which Robertson, Stephens & Co. Investment Management, L.P. and Bayview Investors, Ltd. are the General Partners. Includes shares held of record by The Robertson Stephens Orphan Offshore Fund of which Robertson, Stephens NUMBER OF & Co. Investment Management, L.P. is the General SHARES Partner. Includes shares held of record by The BENEFICIALLY Robertson Stephens Contrarian Fund of which OWNED Robertson, Stephens & Co. Investment Management, BY EACH L.P. is investment adviser. Includes shares held REPORTING of record by The Robertson Stephens Global Natural PERSON WITH Resources Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser. Includes shares held of record by The Robertson Stephens Partners Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser See Item 5.) -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 708,800 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 708,800 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 8.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION - -------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 577913106 Page 12 of 15 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Michael G. McCaffery Tax I.D. ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (Working Capital of Purchasing Funds) See Item 2. - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 -------------------------------------------------------- 8 SHARED VOTING POWER 708,800 shares held of record by The Robertson Stephens Orphan Fund of which Robertson, Stephens & Co. Investment Management, L.P. and Bayview Investors, Ltd. are the General Partners. Includes shares held of record by The Robertson Stephens Orphan Offshore Fund of which Robertson, Stephens NUMBER OF & Co. Investment Management, L.P. is the General SHARES Partner. Includes shares held of record by The BENEFICIALLY Robertson Stephens Contrarian Fund of which OWNED Robertson, Stephens & Co. Investment Management, BY EACH L.P. is investment adviser. Includes shares held REPORTING of record by The Robertson Stephens Global Natural PERSON WITH Resources Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser. Includes shares held of record by The Robertson Stephens Partners Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser See Item 5.) -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 708,800 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 708,800 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 8.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION - -------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 577913106 Page 13 of 15 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON G. Randy Hecht Tax I.D. ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (Working Capital of Purchasing Funds) See Item 2. - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 -------------------------------------------------------- 8 SHARED VOTING POWER 708,800 shares held of record by The Robertson Stephens Orphan Fund of which Robertson, Stephens & Co. Investment Management, L.P. and Bayview Investors, Ltd. are the General Partners. Includes shares held of record by The Robertson Stephens Orphan Offshore Fund of which Robertson, NUMBER OF Stephens & Co. Investment Management, L.P. is SHARES the General Partner. Includes shares held of BENEFICIALLY record by The Robertson Stephens Contrarian Fund OWNED of which Robertson, Stephens & Co. Investment BY EACH Management, L.P. is investment adviser. Includes REPORTING shares held of record by The Robertson Stephens PERSON WITH Global Natural Resources Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser. Includes shares held of record by The Robertson Stephens Partners Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser See Item 5.) -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 708,800 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 708,800 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 8.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION - -------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 577913106 Page 14 of 15 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Kenneth R. Fitzsimmons Tax I.D. ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (Working Capital of Purchasing Funds) See Item 2. - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 708,800 OWNED -------------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 708,800 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 708,800 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 8.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION ITEM 1: SECURITY AND ISSUER. This Schedule 13D is filed with respect to the Common Stock of MAXXAM, Inc. (the "Company"). ITEM 2: IDENTITY AND BACKGROUND. The Schedule 13D is filed on behalf of The Robertson Stephens Contrarian Fund, Robertson, Stephens Global Natural Resources Fund, Robertson, Stephens Partners Fund, Robertson, Stephens Orphan Fund, Robertson Stephens Orphan Off-shore Fund, Bayview Investors Ltd., Robertson, Stephens & Company, Inc. ("RS&Co., Inc."), and RS&Co., Inc.'s five shareholders, Messrs. Sanford R. Robertson, Paul H. Stephens, Michael G. McCaffery, G. Randy Hecht, and Kenneth R. Fitzsimmons. The sale of the Company's shares giving rise to this amendment to schedule 13D were made by The Robertson Stephens Contrarian Fund, the Robertson Stephens Partners Fund, and the Robertson Stephens Orphan Offshore Fund ("the Funds"). This Schedule 13D relates to the indirect beneficial ownership RS&Co., Inc. in the shares of the Company held by the Fund. Messrs. Robertson, Stephens, McCaffery, Hecht and Fitzsimmons disclaim any beneficial ownership with respect to shares of the Company that RS&Co., Inc. may be deemed to be beneficially own, are included in this Schedule 13D for protective disclosure purposes only, and shall not be deemed by their inclusion in this Schedule 13D to have made any admission that any such person has any beneficial interest in such shares. Set forth below is the following information with respect to the persons signing this Schedule 13D: name; place of organization; address of principal business and office; principal business; information concerning criminal convictions during the past five years; and information concerning civil or administrative proceedings during the past five years with respect to any state or federal securities laws. I. (a) The Robertson Stephens Contrarian Fund, A Massachusetts Business Trust. The Registered Investment Manager of The Robertson Stephens Contrarian Fund is: Robertson Stephens Investment Management, L.P. The General Partner of Robertson Stephens Investment Management, L.P. is Robertson, Stephens & Company, Incorporated. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (c) Business Trust, Registered Investment Company. (d) No convictions in criminal proceedings. (e) No civil or administrative proceedings. II. (a) The Robertson Stephens Global Natural Resources Fund, A Massachusetts Business Trust. The Registered Investment Manager of The Robertson Stephens Global Natural Resources Fund is: Robertson Stephens Investment Management, L.P. The General Partner of Robertson Stephens Investment Management, L.P. is Robertson, Stephens & Company, Incorporated. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (c) Business Trust, Registered Investment Company. (d) No convictions in criminal proceedings. (e) No civil or administrative proceedings. III. (a) The Robertson Stephens Partners Fund, A Massachusetts Business Trust. The Registered Investment Manager of The Robertson Stephens Partners Fund is: Robertson Stephens Investment Management, L.P. The General Partner of Robertson Stephens Investment Management, L.P. is Robertson, Stephens & Company, Incorporated. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (c) Business Trust, Registered Investment Company. (d) No convictions in criminal proceedings. (e) No civil or administrative proceedings. IV. (a) The Robertson Stephens Orphan Fund, A California Limited Partnership. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (c) Limited Partnership (d) No convictions in criminal proceedings. (e) No civil or administrative proceedings. IV. (a) The Robertson Stephens Orphan Fund, A California Limited Partnership. Robertson, Stephens & Co. Investment Management L.P. and Bayview Investors Ltd are the General Partners. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (c) Limited Partnership (d) No convictions in criminal proceedings. (e) No civil or administrative proceedings. VI. (a) Bayview Investors Ltd. is a California Limited Partnership. Robertson, Stephens & Co, Inc. is the General Partner. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (c) Limited Partnership (d) No convictions in criminal proceedings. (e) No civil or administrative proceedings. VII. (a) The Robertson Stephens Orphan Offshore Fund, A Cayman Islands Limited Partnership. Robertson, Stephens & Co. Investment Management L.P. is the General Partner. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (c) Limited Partnership (d) No convictions in criminal proceedings. (e) No civil or administrative proceedings. VIII. (a) Robertson, Stephens & Co Investment Management L.P. is a California limited Partnership. Robertson, Stephens & Co. Inc. is the General Partner. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (c) Limited Partnership (d) No convictions in criminal proceedings. (e) No civil or administrative proceedings. IX. (a) Robertson, Stephens & Company, Incorporated, is a California Corporation. Robertson, Stephens & Company, Incorporated is the General Partner of Robertson, Stephens & Company, Investment Management, L.P. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (c) Corporation, Investment Banking. (d) No convictions in criminal proceedings. (e) No civil or administrative proceedings. X. (a) Paul H. Stephens. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (c) Paul H. Stephens is Managing Director and Chief Investment Officer, and a shareholder, of Robertson, Stephens & Company, Incorporated. (d) No convictions in criminal proceedings. (e) No civil or administrative proceedings. XI. (a) Sanford R. Robertson. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (c) Sanford R. Robertson is the Chairman of and a shareholder of Robertson, Stephens & Company, Incorporated. (d) No convictions in criminal proceedings. (e) No civil or administrative proceedings. XII. (a) Michael G. McCaffery. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (c) Michael G. McCaffery is the President and Chief Executive Officer, and a shareholder, of Robertson, Stephens & Company, Incorporated. (d) No convictions in criminal proceedings. (e) No civil or administrative proceedings. XIII. (a) G. Randy Hecht. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (c) G. Randy Hecht is the Executive Vice President, Chief Operating Officer, and shareholder of Robertson, Stephens & Company, Incorporated. (d) No convictions in criminal proceedings. (e) No civil or administrative proceedings. XIV. (a) Kenneth R. Fitzsimmons. (b) 555 California Street, Suite 2600 San Francisco, CA 94104 (c) Kenneth R. Fitzsimmons is the Managing Director, Director of Capital Markets, and shareholder of Robertson, Stephens & Company, Incorporated. (d) No convictions in criminal proceedings. (e) No civil or administrative proceedings. ITEM 3: SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION: The securities with respect to which this Schedule 13D is filed were purchased by the Funds using working capital contributed by their respective partners. ITEM 4: PURPOSE OF TRANSACTION: The securities with respect to which this Schedule 13D is filed were purchased by the Funds in the ordinary course of investment and not with the intention nor effect of changing or influencing control of the Issuer. The reporting persons may sell all or part or acquire additional securities of the Issuer depending on market conditions and other economic factors. ITEM 5: INTEREST IN SECURITIES OF THE ISSUER. (a) (b) The aggregate number and percentage of the class of securities identified pursuant to Item 1 of this Schedule 13D that are beneficially owned by the persons listed in Item 2 are as follows:
No. of Shares Name of Beneficially Percentage of Beneficial Owner Owned Class(1) ------------------------------------------------------------------------------------- The Robertson Stephens Contrarian Fund 500,000(2) 5.8% The Robertson Stephens Orphan Fund 46,700(3) .5% Bayview Investors Ltd. 46,700(4) .5% The Robertson Stephens Global Natural Resources 68,600(5) .8% The Robertson Stephens Partners Fund 85,500(6) 1.0% The Robertson Stephens Orphan Offshore Fund 8,000(7) .1% Robertson, Stephens & Co Investment Mngmt L.P. 708,800 (8) 8.2% Robertson, Stephens & Company, Incorporated 708,800(9) 8.2% Paul H. Stephens 713,900(10) 8.2% Sanford R. Robertson 708,800(11) 8.2% Michael G. McCaffery 708,800(12) 8.2% G. Randy Hecht 708,800(13) 8.2% Kenneth R. Fitzsimmons 708,800(14) 8.2%
(1) All percentages in this table are based, pursuant to Rule 13D-1(e) of the Securities Exchange Act of 1934 as amended, on 8,685,000 shares of Common Stock of MAXXAM, Inc.. (2) The Contrarian Fund is a registered investment company. Robertson, Stephens & Company Investment Management, L.P. is the registered investment manager for the Contrarian Fund. RS&Co., Inc. is the General Partner of Robertson, Stephens & Company Investment Management, L.P. (3) The Orphan Fund is a California Limited Partnership. Robertson, Stephens & Company Investment Management, L.P. is a General Partner of the Orphan Fund. RS&Co., Inc. is the General Partner of Robertson, Stephens & Company Investment Management, L.P. (4) Bayview Investors, a California Limited Partnership, as General Partner of the Orphan Fund is deemed to have shared dispositive power over 46,700 shares of the Company. (5),(6) The Global Natural Resources Fund and the Partners Funds are registered investment companies. Robertson, Stephens & Company Investment Management, L.P. is the registered investment manager for the Funds. RS&Co., Inc. is the General Partner of Robertson, Stephens & Company Investment Management, L.P. (7) The Orphan Offshore fund is a Cayman Islands Limited Partnership. Robertson, Stephens & Company Investment Management, L.P. is the General Partner. (8) Robertson, Stephens & Co. Investment Management L.P. ("RSIM") is a California Limited Partnership. RSIM is the registered investment adviser to the Global Natural Resources and the Partners Fund. (9) Robertson, Stephens & Company, Incorporated, a California Corporation, is the General Partner of Robertson, Stephens & Company Investment Management, L.P. and as such is deemed to have shared dispositive power over 708,800 shares of the Company. (10) Paul H. Stephens is the Chief Investment Officer of RS&Co., Inc. and as such may be deemed to have shared voting power over 708,800 shares of the Company as well as sole voting power over 5,100 shares held personally. He is also a shareholder of Robertson, Stephens & Company Inc. (11) Sanford R. Robertson is Chairman and a shareholder of Robertson, Stephens & Company Inc. and as such may be deemed to have shared voting power over 708,800 shares of the Company held by the Funds. (12) Michael G. McCaffery is President and Chief Executive Officer and a shareholder of Robertson, Stephens & Company Inc. and as such may be deemed to have shared voting power over 708,800 shares of the Company held by the Funds. (13) G. Randy Hecht is Executive Vice President, Chief Operating Officer and a shareholder of Robertson, Stephens & Company Inc. and as such may be deemed to have shared voting power over 708,800 shares of the Company held by the Funds. (14) Kenneth R. Fitzsimmons is the Managing Director, Director of Capital Markets and a shareholder of Robertson, Stephens & Company Inc. and as such may be deemed to have shared voting power over 708,800 shares of the Company held by the Funds. (c) The following sell transactions were effected during the past sixty days: ENTITY DATE Price SHARES - ------ ---- ----- ------ orp 4/22/97 42.39 10000 orp 4/29/97 43.14 3300 orp 4/30/97 42.75 6500 orp 5/5/97 43.60 4400 orp 5/6/97 43.78 3400 orp 5/14/97 44.25 2000 orp 5/16/97 44.00 100 orp 5/22/97 44.29 1500 orp 5/23/97 44.83 2800 orp 5/28/97 44.50 1000 orp 5/29/97 44.00 8500 orp 5/30/97 44.00 100 orp 6/2/97 44.35 2000 orp 6/3/97 44.25 13000 orp 6/6/97 46.25 200 orp 6/9/97 46.26 900 orp 6/10/97 45.59 3600 orp 6/11/97 45.57 500 orp-off 5/14/97 44.19 2100 orp-off 5/16/97 43.94 100 orp-off 5/22/97 44.23 1500 orp-off 5/23/97 44.77 2300 orp-off 5/28/97 44.44 2000 orp-off 5/29/97 43.94 1700 orp-off 6/6/97 46.19 100 orp-off 6/9/97 46.20 200 orp-off 6/10/97 45.59 1000 orp-off 6/11/97 45.57 200 cf 5/5/97 43.54 3500 cf 5/6/97 43.72 3400 cf 5/13/97 44.19 4900 cf 5/14/97 44.19 1300 cf 5/16/97 43.94 100 cf 5/22/97 44.23 700 cf 5/23/97 44.77 900 cf 5/28/97 44.44 2000 The following buy transactions were effected during the past sixty days pf 4/17/97 43.42 3100 pf 6/11/97 47.25 700 All Purchases and Sales were effected on the open market. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Please refer to Item 5. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. The following exhibits are filed herewith: Exhibit A - Agreement of Joint Filing Exhibit B - Power of Attorney ITEM 8. SIGNATURE PAGE. After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: June 18, 1997 THE ROBERTSON STEPHENS CONTRARIAN FUND, A REGISTERED INVESTMENT COMPANY. By Robertson, Stephens & Company, Incorporated By: Paul H. Stephens* ---------------------------- Paul H. Stephens Managing Director and Chief Investment Officer ROBERTSON, STEPHENS & COMPANY, INCORPORATED By: Paul H. Stephens* ---------------------------- Paul H. Stephens Managing Director and Chief Investment Officer Sanford R. Robertson* ---------------------------- Sanford R. Robertson Michael G. McCaffery* ---------------------------- Michael G. McCaffery G. Randy Hecht* ---------------------------- G. Randy Hecht Kenneth R. Fitzsimmons* ---------------------------- Kenneth R. Fitzsimmons *By: /s/ Robert C. Greenwood ---------------------------- Robert C. Greenwood Pursuant to Power of Attorney Previously Filed EXHIBIT A AGREEMENT OF JOINT FILING The undersigned hereby agree that they are filing jointly pursuant to Rule 13d-1(f)(1) of the Act of the Statement dated May 2, 1994 containing the information required by Schedule 13D, for the Common Stock of MAXXAM, Inc. held by The Robertson Stephens Contrarian Fund and Robertson, Stephens & Company, Incorporated. Dated: June 18, 1997 THE ROBERTSON STEPHENS CONTRARIAN FUND, A REGISTERED INVESTMENT COMPANY. By Robertson, Stephens & Company Incorporated By: Paul H. Stephens* ---------------------------- Paul H. Stephens Managing Director and Chief Investment Officer ROBERTSON, STEPHENS & COMPANY INCORPORATED By: Paul H. Stephens* ---------------------------- Paul H. Stephens Managing Director and Chief Investment Officer Paul H. Stephens* ---------------------------- Paul H. Stephens Managing Director and Chief Investment Officer Sanford R. Robertson* ---------------------------- Sanford R. Robertson Michael G. McCaffery* ---------------------------- Michael G. McCaffery G. Randy Hecht* ---------------------------- G. Randy Hecht Kenneth R. Fitzsimmons* ---------------------------- Kenneth R. Fitzsimmons *By /s/ Robert C. Greenwood ---------------------------- Robert C. Greenwood Pursuant to Power of Attorney Previously Filed -----END PRIVACY-ENHANCED MESSAGE-----