-----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, McC5+XJa6/9goxEhQhUHjS7OEobjnQmw3buC28fMAopNQlDZ/QIjalqEBxUNA8e8 EoIucTiont+RI8ur/jajHA== 0000813779-08-000087.txt : 20080919 0000813779-08-000087.hdr.sgml : 20080919 20080919165509 ACCESSION NUMBER: 0000813779-08-000087 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080919 DATE AS OF CHANGE: 20080919 GROUP MEMBERS: E JOSEPH GRADY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CRIMSON EXPLORATION INC. CENTRAL INDEX KEY: 0000813779 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 203037840 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-54301 FILM NUMBER: 081080838 BUSINESS ADDRESS: STREET 1: 717 TEXAS AVENUE STREET 2: SUITE 2900 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7132367400 MAIL ADDRESS: STREET 1: 717 TEXAS AVENUE STREET 2: SUITE 2900 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: GULFWEST ENERGY INC DATE OF NAME CHANGE: 20010523 FORMER COMPANY: FORMER CONFORMED NAME: GULFWEST OIL CO DATE OF NAME CHANGE: 19960515 FORMER COMPANY: FORMER CONFORMED NAME: GULFWEST ENERGY INC// DATE OF NAME CHANGE: 19920924 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CRIMSON EXPLORATION INC. CENTRAL INDEX KEY: 0000813779 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 203037840 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 717 TEXAS AVENUE STREET 2: SUITE 2900 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7132367400 MAIL ADDRESS: STREET 1: 717 TEXAS AVENUE STREET 2: SUITE 2900 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: GULFWEST ENERGY INC DATE OF NAME CHANGE: 20010523 FORMER COMPANY: FORMER CONFORMED NAME: GULFWEST OIL CO DATE OF NAME CHANGE: 19960515 FORMER COMPANY: FORMER CONFORMED NAME: GULFWEST ENERGY INC// DATE OF NAME CHANGE: 19920924 SC 13D 1 sch13d-grady.htm

Page 1 of 6 Pages

 

CUSIP NO. 22662K108

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

(Rule 13d-101)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

RULE 13d-2(a)

 

(Amendment No. 1)*

 

Crimson Exploration Inc.

(Name of Issuer)

 

Common Stock, $0.001 Par Value Per Share

(Title of Class of Securities)

 

                        22662K108                        

(CUSIP Number)

 

_________

E. Joseph Grady

717 Texas Avenue, Suite 2900

Houston, Texas 77002

(Name, Address and Telephone Number of Person(s)

Authorized to Receive Notices and Communications)

 

          September 19, 2008          

(Date of Event which Requires Filing

of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box o .

 

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) 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 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).

 

Continued on following page(s)

Page 1 of 6 Pages

 


Page 2 of 6 Pages

 

CUSIP NO. 22662K108

 

 

 

1

NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

E. Joseph Grady

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                             (a) [   ]

                                                                                                                                                  (b) [X]

3

SEC USE ONLY

4

SOURCE OF FUNDS*

 

OO

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
SHARES

7

SOLE VOTING POWER: 293,584 shares

BENEFICIALLY
OWNED BY
EACH
REPORTING

8

SHARED VOTING POWER: 0 shares

PERSON
WITH

9

SOLE DISPOSITIVE POWER: 293,584 shares

 

10

SHARED DISPOSITIVE POWER: 0 shares

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

293,584 shares

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)                                            o

EXCLUDES CERTAIN SHARES*

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

4.9 % (1)

14

TYPE OF REPORTING PERSON*

 

IN

(1) Based upon 5,796,994 shares of Common Stock outstanding as of September 8, 2008 (including 533,350 shares of Common Stock to be issued pursuant to restricted stock awards, including to the Reporting Person).

*SEE INSTRUCTIONS BEFORE FILLING OUT!

 


Page 3 of 6 Pages

 

CUSIP NO. 22662K108

 

              This Amendment No. 1 to Schedule 13D amends and supplements items 4(a), 5 and 6 contained in the Schedule 13D initially filed with the Securities and Exchange Commission on or about May 1, 2008 (the “Initial 13D”). Capitalized terms used herein but not defined shall have the meanings ascribed to them in the Initial 13D. The Initial 13D is amended and supplemented as follows.

 

Item 4. Purpose of Transaction

 

(a)    This Schedule 13D is being filed due to the forfeiture of employee stock options to purchase 180,000 shares of Common Stock at an exercise price of $17.00 per share (the “$17.00 Options”) granted to the Reporting Person in exchange for 90,000 shares of unvested Common Stock granted pursuant to the Company’s 2005 Stock Incentive Plan and a restricted stock award agreement. The Company granted the $17.00 Options to the Reporting Person in conjunction with the commencement of his employment with the Company and pursuant to a stock option agreement. The $17.00 Options vested and became exercisable with respect to 15% of the shares on the first anniversary of the grant date, 25% of the shares on the second anniversary of the grant date and 25% of the shares on the third anniversary of the grant date, and an additional 35% of the shares would have become vested and exercisable on the fourth anniversary of the grant date, at which time the granted options would have been fully vested and exercisable. Of the 90,000 shares of unvested Common Stock received by the Reporting Person, 12.5% will vest on each of first, second, third and fourth anniversary of the grant date, and the remaining 50% will vest on the fifth anniversary of the grant date.

 

Item 5. Interest in Securities of Issuer

 

(a) and (b)         The Reporting Person beneficially owns 293,584 shares of Common Stock, which includes 90,000 shares of unvested Common Stock held directly received pursuant to a restricted stock award described in Item 6 below, and options to acquire 146,250 shares of Common Stock that vested as follows: 33,750 shares on February 28, 2006, 56,250 shares on February 28, 2007 and 56,250 shares on February 28, 2008.

 

The Reporting Person’s current beneficial ownership represents approximately 4.9% of the shares of the Common Stock, based upon 5,796,994 shares of Common Stock issued and outstanding as of September 8, 2008 (including 533,350 shares of Common Stock to be issued pursuant to restricted stock awards, including to the Reporting Person), plus 146,250 shares of Common Stock which may be received upon exercise of options beneficially owned by the Reporting Person. The Reporting Person has sole voting and dispositive power over the shares of Common Stock reported as beneficially owned by him.

 

(c) Except as set forth herein the Reporting Person has not effected any transactions in shares of the Common Stock during the past 60 days.

(d)

None.


              (e)         By virtue of the transaction reported herein, the Reporting Person ceased to be a beneficial owner of more than 5% of the outstanding Common Stock on September 8, 2008, assuming the issuance of the 533,350 shares of Common Stock granted pursuant to restricted stock award agreements, including to the Reporting Person, entered into as of September 8, 2008, as reported in the Company’s current report on Form 8-K filed on September 11, 2008.
 

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to the Securities of the Issuer

On September 8, 2008, the Reporting Person received, pursuant to a restricted stock award, 90,000 shares of unvested Common Stock, which will vest in the following increments: 12.5% on each of the first, second, third and fourth anniversary of the grant date, and the remaining 50% on the fifth anniversary of the grant date.

 


Page 4 of 6 Pages

 

CUSIP NO. 22662K108

 

Under the Reporting Person’s restricted stock award, in the event of a change of control, termination by the Company without cause or death or disability, the Reporting Person’s unvested restricted stock will become fully vested.

The description contained in this Item 6 of the restricted stock award agreement is qualified in its entirety by reference to the full text of the foregoing, which is incorporated herein by reference and filed as an exhibit hereto.

Item 7. Material to be Filed as Exhibits

 

99(a)

Form of executive officer restricted stock grant (incorporated by reference to exhibit 99.1 of the Company’s current report on Form 8-K filed on September 11, 2008)

 


CUSIP NO. 22662K108                                                                                                                            Page 5 of 6 Pages

 

SIGNATURES

 

After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this Statement is true, complete and correct.

 

Date: September 19, 2008

 

                                                                                          

/s. E. Joseph Grady

 

E. Joseph Grady

 

 

 

 

 

 


Page 6 of 6 Pages

Exhibit Index

 

 

Name of Exhibit

 

 

99(a)

Form of executive officer restricted stock grant (incorporated by reference to exhibit 99.1 of the Company’s current report on Form 8-K filed on September 11, 2008)

 

 

 

 

-----END PRIVACY-ENHANCED MESSAGE-----