-----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, Nr6f1ebdR/7g6c7wU5qrSw+o1xGL/Q401dJjGSsvSQAX6OsGaiEV4/DI9cuCEKFf 1deo/jYEPeALVulevRFXcA== 0000912057-97-024943.txt : 19970725 0000912057-97-024943.hdr.sgml : 19970725 ACCESSION NUMBER: 0000912057-97-024943 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970724 SROS: NASD GROUP MEMBERS: BAYVIEW INVESTORS LTD GROUP MEMBERS: G. RANDY HECHT GROUP MEMBERS: KENNETH R. FITZSIMMONS GROUP MEMBERS: MICHAEL G. MCCAFFERY GROUP MEMBERS: PAUL STEPHENS GROUP MEMBERS: ROBERTSON STEPHENS & CO INC ET AL GROUP MEMBERS: ROBERTSON, STEPHENS & COMPANY INVESTMENT MANAGEMENT L.P. GROUP MEMBERS: SANFORD ROBERTSON GROUP MEMBERS: THE ROBERTSON STEPHENS CONTRARIAN FUNDS GROUP MEMBERS: THE ROBERTSON STEPHENS GLOBAL NATURAL RESOURCES FUND GROUP MEMBERS: THE ROBERTSON STEPHENS ORPHAN FUND GROUP MEMBERS: THE ROBERTSON STEPHENS ORPHAN OFF-SHORE FUND GROUP MEMBERS: THE ROBERTSON STEPHENS PARTNERS FUND 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: 97644823 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 SCHEDULE 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. 5)* MAXXAM, Inc. - -------------------------------------------------------------------------------- Name of Issuer COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 577913106 - -------------------------------------------------------------------------------- CUSIP Number PAUL H. STEPHENS: ROBERTSON, STEPHENS & COMPANY, INCORPORATED 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) JULY 14, 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 - ------------------------------------------------------------------------------- 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 (a) / / OF A GROUP (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 - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED 8 SHARED VOTING POWER BY EACH 328,000 REPORTING -------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 328,000 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 328,000 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 3.8% - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- 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 (a) / / OF A GROUP (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 - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED 8 SHARED VOTING POWER BY EACH 46,200 REPORTING -------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 46,200 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 46,200 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 0.5% - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- 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 (a) / / OF A GROUP (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 - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED 8 SHARED VOTING POWER BY EACH 68,600 REPORTING -------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------- 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) 0.8% - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- 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 (a) / / OF A GROUP (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 - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED 8 SHARED VOTING POWER BY EACH 123,500 REPORTING -------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 123,500 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 123,500 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 1.4% - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- 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 (a) / / OF A GROUP (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 - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED 8 SHARED VOTING POWER BY EACH REPORTING 11,500 PERSON WITH -------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 11,500 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,500 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 0.1% - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robertson, Stephens & Company, Incorporated Tax I.D. 94-3172874 See Exhibit A for a list of Executive Officers - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / / OF A GROUP (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 - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED 8 SHARED VOTING POWER BY EACH REPORTING 577,800 shares held of record by The PERSON WITH 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 & Co. Investment Management, L.P. is the General Partner. Includes shares held of record by The Robertson Stephens Contrarian Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser. Includes shares held of record by The Robertson Stephens 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 577,800 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 577,800 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 6.7% - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bayview Investors LTD Tax I.D. 94-3172874 See Exhibit A for a list of Executive Officers - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / / OF A GROUP (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 - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED 8 SHARED VOTING POWER BY EACH REPORTING 46,200 shares held of record by The PERSON WITH Robertson Stephens Orphan Fund of which Robertson, Stephens & Co. Investment Management, L.P. and Bayview Investors, Ltd. are the General Partners. -------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 46,200 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 46,200 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 0.5% - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- 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 (a) / / OF A GROUP (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 - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED 8 SHARED VOTING POWER BY EACH REPORTING 577,800 shares held of record by The PERSON WITH 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 & Co. Investment Management, L.P. is the General Partner. Includes shares held of record by The Robertson Stephens Contrarian Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser. Includes shares held of record by The Robertson Stephens 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 577,800 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 577,800 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 6.7% - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- 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 (a) / / OF A GROUP (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 - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 5,100 BENEFICIALLY -------------------------------------------------- OWNED 8 SHARED VOTING POWER BY EACH REPORTING 577,800 shares held of record by The PERSON WITH 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 & Co. Investment Management, L.P. is the General Partner. Includes shares held of record by The Robertson Stephens Contrarian Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser. Includes shares held of record by The Robertson Stephens 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 5,100 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 577,800 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 582,900 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 6.7% - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- 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 (a) / / OF A GROUP (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 - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED 8 SHARED VOTING POWER BY EACH REPORTING 576,800 shares held of record by The PERSON WITH 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 & Co. Investment Management, L.P. is the General Partner. Includes shares held of record by The Robertson Stephens Contrarian Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser. Includes shares held of record by The Robertson Stephens 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 577,800 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 577,800 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 6.7% - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- 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 (a) / / OF A GROUP (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 - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED 8 SHARED VOTING POWER BY EACH REPORTING 577,800 shares held of record by The PERSON WITH 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 & Co. Investment Management, L.P. is the General Partner. Includes shares held of record by The Robertson Stephens Contrarian Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser. Includes shares held of record by The Robertson Stephens 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 577,800 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 577,800 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 6.7% - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- 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 (a) / / OF A GROUP (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 - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED 8 SHARED VOTING POWER BY EACH REPORTING 577,800 shares held of record by The PERSON WITH 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 & Co. Investment Management, L.P. is the General Partner. Includes shares held of record by The Robertson Stephens Contrarian Fund of which Robertson, Stephens & Co. Investment Management, L.P. is investment adviser. Includes shares held of record by The Robertson Stephens 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 577,800 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 577,800 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 6.7% - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- 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 (a) / / OF A GROUP (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 - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED 8 SHARED VOTING POWER BY EACH 577,800 REPORTING -------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 577,800 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 577,800 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11) 6.7% - ------------------------------------------------------------------------------- 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 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. V. (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 328,000(2) 3.8% The Robertson Stephens Orphan Fund 46,200(3) .5% Bayview Investors Ltd. 46,200(4) .5% The Robertson Stephens Global Natural Resources 68,600(5) .8% The Robertson Stephens Partners Fund 123,500(6) 1.4% The Robertson Stephens Orphan Offshore Fund 11,500(7) .1% Robertson, Stephens & Co Investment Mngmt L.P. 577,800(8) 6.7% Robertson, Stephens & Company, Incorporated 577,800(9) 6.7% Paul H. Stephens 582,900(10) 6.7% Sanford R. Robertson 577,800(11) 6.7% Michael G. McCaffery 577,800(12) 6.7% G. Randy Hecht 577,800(13) 6.7% Kenneth R. Fitzsimmons 577,800(14) 6.7% (1) All percentages in this table are based, pursuant to Rule 13D-1(e) of the Securities Exchange Act of 1934 as amended, on 8,617,747 shares of Common Stock of MAXXAM, Inc. at April, 17, 1997. (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 46,200 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 577,800 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 577,800 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 577,800 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 577,800 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 577,800 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 577,800 shares of the Company held by the Funds. (c) The following transactions were effected during the past sixty days: Entity Date Price Shares - ------ ---- ----- ------ Contrarian 6/26/97 46.19 open market sell 30,000 Contrarian 6/27/97 46.10 open market sell 4,000 Contrarian 6/30/97 46.54 open market sell 9,500 Contrarian 7/1/97 46.81 open market sell 4,400 Contrarian 7/2/97 46.73 open market sell 1,100 Contrarian 7/8/97 46.92 open market sell 25,000 Contrarian 7/9/97 47.05 open market sell 30,400 Contrarian 7/14/97 47.50 open market sell 1,200 Contrarian 7/15/97 47.01 open market sell 18,900 Contrarian 7/16/97 47.52 open market sell 45,000 Contrarian 7/17/97 48.53 open market sell 1,500 Orphan Off-shore 7/14/97 47.50 open market sell 300 Partners 7/16/97 47.50 open market buy 38,000 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: July 23, 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: ---------------------------------------------- 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: July 23, 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 ------------------------------------------- Robert C. Greenwood Pursuant to Power of Attorney Previously Filed -----END PRIVACY-ENHANCED MESSAGE-----