0001035704-05-000027.txt : 20120703 0001035704-05-000027.hdr.sgml : 20120703 20050118132446 ACCESSION NUMBER: 0001035704-05-000027 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050118 DATE AS OF CHANGE: 20050118 GROUP MEMBERS: FIRST RESERVE FUND IX LP GROUP MEMBERS: FIRST RESERVE FUND VII LIMITED PARTNERSHIP GROUP MEMBERS: FIRST RESERVE FUND VIII LP GROUP MEMBERS: FIRST RESERVE GP IX INC GROUP MEMBERS: FIRST RESERVE GP IX LP GROUP MEMBERS: FIRST RESERVE GP VII LP GROUP MEMBERS: FIRST RESERVE GP VIII LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRIDE INTERNATIONAL INC CENTRAL INDEX KEY: 0000833081 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 760069030 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39745 FILM NUMBER: 05533127 BUSINESS ADDRESS: STREET 1: 5847 SAN FELIPE STREET 2: SUITE 3300 CITY: HOUSTON STATE: TX ZIP: 77057 BUSINESS PHONE: 7137891400 MAIL ADDRESS: STREET 1: 5847 SAN FELIPE STREET 2: SUITE 3300 CITY: HOUSTON STATE: TX ZIP: 77057 FORMER COMPANY: FORMER CONFORMED NAME: PRIDE PETROLEUM SERVICES INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST RESERVE CORP CENTRAL INDEX KEY: 0001041828 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: ONE LAFAYETTE PLACE STREET 2: THIRD FLOOR CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 303-661-6601 MAIL ADDRESS: STREET 1: ONE LAFAYETTE PLACE STREET 2: THIRD FLOOR CITY: GREENWICH STATE: CT ZIP: 06830 SC 13D/A 1 d21725sc13dza.htm AMENDMENT TO SCHEDULE 13D sc13dza
 

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 7)*

Pride International, Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

74153Q102
(Cusip Number)

Thomas R. Denison, Esq - First Reserve Corporation,
One Lafayette Place
Greenwich, CT 06830
(203) 625-2520
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

January 13, 2005
(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-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 §240.13d-7 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).

 

 

             
CUSIP No. 74153Q102 Page 2 of 16
  1. Name of Reporting Person:
First Reserve Corporation		 I.R.S. Identification Nos. of above persons (entities only):
06-1210123
  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) x  
  3. SEC Use Only:
  4. Source of Funds (See Instructions):
N/A
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o
  6. Citizenship or Place of Organization:
Delaware
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
0
8. Shared Voting Power:
9,182,356
9. Sole Dispositive Power:
0
10.Shared Dispositive Power:
9,182,356
  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
9,182,356
  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o
  13.Percent of Class Represented by Amount in Row (11):
6.7%
  14.Type of Reporting Person (See Instructions):
CO

 

 

             
CUSIP No. 74153Q102 Page 3 of 16
  1. Name of Reporting Person:
First Reserve Fund VII, Limited Partnership		 I.R.S. Identification Nos. of above persons (entities only):
06-1457408
  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) x  
  3. SEC Use Only:
  4. Source of Funds (See Instructions):
N/A
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o
  6. Citizenship or Place of Organization:
Delaware
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
0
8. Shared Voting Power:
710,078
9. Sole Dispositive Power:
0
10.Shared Dispositive Power:
710,078
  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
710,078
  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
x
  13.Percent of Class Represented by Amount in Row (11):
0.5%
  14.Type of Reporting Person (See Instructions):
PN

 

 

             
CUSIP No. 74153Q102 Page 4 of 16
  1. Name of Reporting Person:
First Reserve Fund VIII, L.P.		 I.R.S. Identification Nos. of above persons (entities only):
06-1507364
  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) x  
  3. SEC Use Only:
  4. Source of Funds (See Instructions):
N/A
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o
  6. Citizenship or Place of Organization:
Delaware
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
0
8. Shared Voting Power:
8,429,008
9. Sole Dispositive Power:
0
10.Shared Dispositive Power:
8,429,008
  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
8,429,008
  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
x
  13.Percent of Class Represented by Amount in Row (11):
6.2%
  14.Type of Reporting Person (See Instructions):
PN

 

 

             
CUSIP No. 74153Q102 Page 5 of 16
  1. Name of Reporting Person:
First Reserve GP VII, L.P.		 I.R.S. Identification Nos. of above persons (entities only):
06-1520256
  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) x  
  3. SEC Use Only:
  4. Source of Funds (See Instructions):
N/A
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o
  6. Citizenship or Place of Organization:
Delaware
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
0
8. Shared Voting Power:
710,078
9. Sole Dispositive Power:
0
10.Shared Dispositive Power:
710,078
  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
710,078
  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
x
  13.Percent of Class Represented by Amount in Row (11):
0.5%
  14.Type of Reporting Person (See Instructions):
PN

 

 

             
CUSIP No. 74153Q102 Page 6 of 16
  1. Name of Reporting Person:
First Reserve GP VIII, L.P.		 I.R.S. Identification Nos. of above persons (entities only):
06-1507318
  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) x  
  3. SEC Use Only:
  4. Source of Funds (See Instructions):
N/A
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o
  6. Citizenship or Place of Organization:
Delaware
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
0
8. Shared Voting Power:
8,429,008
9. Sole Dispositive Power:
0
10.Shared Dispositive Power:
8,429,008
  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
8,429,008
  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
x
  13.Percent of Class Represented by Amount in Row (11):
6.2%
  14.Type of Reporting Person (See Instructions):
PN

 

 

             
CUSIP No. 74153Q102 Page 7 of 16
  1. Name of Reporting Person:
First Reserve Fund IX, L.P.		 I.R.S. Identification Nos. of above persons (entities only):
91-208465 2
  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) x  
  3. SEC Use Only:
  4. Source of Funds (See Instructions):
N/A
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o
  6. Citizenship or Place of Organization:
Delaware
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
0
8. Shared Voting Power:
5,910,315
9. Sole Dispositive Power:
0
10.Shared Dispositive Power:
5,910,315
  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
5,910,315
  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
x
  13.Percent of Class Represented by Amount in Row (11):
4.3%
  14.Type of Reporting Person (See Instructions):
PN

 

 

             
CUSIP No. 74153Q102 Page 8 of 16
  1. Name of Reporting Person:
First Reserve GP IX, L.P. 		I.R.S. Identification Nos. of above persons (entities only):
91-208465 3
  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) x  
  3. SEC Use Only:
  4. Source of Funds (See Instructions):
N/A
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o
  6. Citizenship or Place of Organization:
Delaware
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
0
8. Shared Voting Power:
5,910,315
9. Sole Dispositive Power:
0
10.Shared Dispositive Power:
5,910,315
  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
5,910,315
  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
x
  13.Percent of Class Represented by Amount in Row (11):
4.3%
  14.Type of Reporting Person (See Instructions):
PN

 

 

             
CUSIP No. 74153Q102 Page 9 of 16
  1. Name of Reporting Person:
First Reserve GP IX, Inc. 		I.R.S. Identification Nos. of above persons (entities only):
91-209254 2
  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) x  
  3. SEC Use Only:
  4. Source of Funds (See Instructions):
N/A
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o
  6. Citizenship or Place of Organization:
Delaware
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
0
8. Shared Voting Power:
5,910,315
9. Sole Dispositive Power:
0
10.Shared Dispositive Power:
5,910,315
  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
5,910,315
  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
x
  13.Percent of Class Represented by Amount in Row (11):
4.3%
  14.Type of Reporting Person (See Instructions):
CO

 

 

     This Amendment No. 7 (this “Amendment”) to the statement on Schedule 13D is filed by First Reserve Fund VII, Limited Partnership (“Fund VII”), First Reserve Fund VIII, L.P. (“Fund VIII”), First Reserve Fund IX, L.P. (“Fund IX”), First Reserve GP VII, L.P. (“GP VII”), First Reserve GP VIII, L.P. (“GP VIII”), First Reserve GP IX, L.P. (“GP IX”), First Reserve Corporation (“FRC”), and First Reserve GP IX, Inc. (“GP IX, Inc.”, collectively with Fund VII, Fund VIII, Fund IX, GP VII, GP VIII, GP IX, and FRC, the “Reporting Persons”). This Amendment amends the statement on Schedule 13D originally filed on July 26, 1999, by Fund VII, Fund VIII, GP VII, GP VIII, and FRC, and relates to the Common Stock, no par value per share (the “Common Stock”), of Pride International, Inc., a Delaware corporation (“Pride” or the “Company”). That Schedule 13D, as previously amended, is hereby further amended as set forth below.

Item 4. Purpose of the Transaction.

     The text of Item 4 is hereby amended by adding the following language:

     On January 13, 2005, the Reporting Persons sold an aggregate of 2,000,000 shares of Common Stock in reliance on an exemption from registration pursuant to Rule 144 of the Securities Act of 1933, as amended. All of these shares were sold by the Reporting Persons through broker’s transactions at a price of $21.3674 per share. The sale of these shares was made pursuant to the provisions of Rule 10b5-1(c).

Item 5. Interest in Securities of the Issuer.

     Item 5 is hereby deleted in its entirety and replaced with the following:

     (a) As of the date hereof, the Reporting Persons are the beneficial owners of Common Stock in the numbers and percentages set forth in the table below.

Page 10 of 16

 

     The number and percentage of shares of Common Stock beneficially owned by each Reporting Person are as follows:

                 
Reporting Person   Shares Beneficially Owned     Percentage of Class (7)  
Fund VII (1)
     710,078 (2)     0.5 %
GP VII (1)
     710,078 (2)     0.5 %
Fund VIII (1)
     8,429,008 (3)     6.2 %
GP VIII (1)
     8,429,008 (3)     6.2 %
First Reserve Corporation (1)
     9,182,356 (4)     6.7 %
Fund IX
     5,910,315 (5)     4.3 %
GP IX (6)
     5,910,315 (5)     4.3 %
First Reserve GP IX, Inc. (6)
     5,910,315 (5)     4.3 %
 
            
Total for Reporting Persons
     15,092,671       11.1 %

     (1) GP VII is the general partner of Fund VII and may be deemed to share beneficial ownership of the shares of Common Stock owned by Fund VII. GP VIII is the general partner of Fund VIII and may be deemed to share beneficial ownership of the shares of Common Stock owned by Fund VIII. First Reserve Corporation, as the general partner of GP VII and GP VIII, may be deemed to share beneficial ownership of all of the shares of Common Stock owned by Fund VII, Fund VIII, GP VII and GP VIII.

     (2) Fund VIII, GP VIII, Fund IX, GP IX, and First Reserve GP IX, Inc. each disclaim beneficial ownership of such shares.

     (3) Fund VII, GP VII, Fund IX, GP IX, and First Reserve GP IX, Inc. each disclaim beneficial ownership of such shares.

     (4) Consists of (i) 9,139,086 shares of Common Stock held by First Reserve Corporation (through Fund VII, Fund VIII, GP VII and GP VIII) and (ii) 5,020 shares of restricted Common Stock and 38,250 shares of Common Stock underlying options issued to William E. Macaulay in his capacity as a director of the Company. First Reserve Corporation may be deemed to share dispositive and voting control over these shares. Each of Fund VII, Fund VIII, and Fund IX has an interest in a portion of the proceeds from the aforementioned shares of restricted Common Stock and shares underlying options issued to William E. Macaulay in his capacity as a director of the Company. Other than that interest, Fund IX, GP IX, and First Reserve GP IX, Inc. each disclaim beneficial ownership of all shares beneficially owned by First Reserve Corporation.

     (5) Fund VII, GP VII, Fund VIII, GP VIII, and First Reserve Corporation each disclaim beneficial ownership of such shares.

Page 11 of 16

 

     (6) GP IX is the general partner of Fund IX and may be deemed to share beneficial ownership of the shares of Common Stock owned by Fund IX. First Reserve GP IX, Inc. as the general partner of GP IX may be deemed to share beneficial ownership of all of the shares of Common Stock owned by Fund IX and GP IX. First Reserve Corporation is the investment advisor to Fund IX.

     (7) The listed percentages for each Reporting Person other than First Reserve Corporation are based on the 136,257,951 shares of Common Stock outstanding as of October 31, 2004, as reported by the Company in its Rule 424(b)(3) prospectus supplement filed with the Securities and Exchange Commission on December 15, 2004 (the “Reported Figure”). The listed percentages for First Reserve Corporation and for the Reporting Persons in aggregate are based on 136,296,201 shares of Common Stock, consisting of the Reported Figure and the 38,250 shares of Common Stock underlying options that were issued to William Macaulay in his capacity as a director of the company (and over which First Reserve Corporation may be deemed to share beneficial ownership).

     (b) Fund VII and Fund VIII share the power to vote or to direct the vote and the power to dispose or direct the disposition of all shares held by them with their general partners, GP VII and GP VIII, respectively, each of whom, in turn, shares voting and dispositive power with its general partner, First Reserve Corporation. Fund IX shares the power to vote or to direct the vote and the power to dispose or direct the disposition of all shares held by it with its general partner, GP IX, which, in turn, shares voting and dispositive power with its general partner, GP IX, Inc.

Page 12 of 16

 

     (c) During the past 60 days, the following transactions were effected:

                         
        Number of     Price per      
Reporting Person   Date of Sale   Shares Sold     Share     Transaction
Fund VII
   December 21, 2004     34,036     $ 20.0441     Sale of common stock
Fund VIII
   December 21, 2004     404,041     $ 20.0441     Sale of common stock
Fund IX
   December 21, 2004     283,323     $ 20.0441     Sale of common stock
Fund VII
   December 22, 2004     6,968     $ 20.0404     Sale of common stock
Fund VIII
   December 22, 2004     82,724     $ 20.0404     Sale of common stock
Fund IX
   December 22, 2004     58,008     $ 20.0404     Sale of common stock
Fund VII
   December 23, 2004     7,681     $ 20.0400     Sale of common stock
Fund VIII
   December 23, 2004     91,181     $ 20.0400     Sale of common stock
Fund IX
   December 23, 2004     63,938     $ 20.0400     Sale of common stock
Fund VII
   December 29, 2004     18,278     $ 20.0400     Sale of common stock
Fund VIII
   December 29, 2004     216,975     $ 20.0400     Sale of common stock
Fund IX
   December 29, 2004     152,147     $ 20.0400     Sale of common stock
Fund VII
   December 30, 2004     944     $ 20.0000     Sale of common stock
Fund VIII
   December 30, 2004     11,201     $ 20.0000     Sale of common stock
Fund IX
   December 30, 2004     7,855     $ 20.0000     Sale of common stock
Fund VII
   January 13, 2005     94,360     $ 21.3674     Sale of common stock
Fund VIII
   January 13, 2005     1,120,160     $ 21.3674     Sale of common stock
Fund IX
   January 13, 2005     785,480     $ 21.3674     Sale of common stock
Total shares sold by Reporting Persons in past 60 days
         3,439,300              

     (d) To the best knowledge of each Reporting Person, except for the other Reporting Persons that share beneficial ownership of the shares held by such Reporting Person (as disclosed in this Item 5), no other person has the right to receive, or the power to direct the receipt of dividends from, or the power to direct the receipt of proceeds of the sale of the shares of Common Stock owned by such Reporting Person.

     (e) Not applicable.

Item 7. Exhibits.

     Exhibit A Joint Filing Agreement dated March 5, 2002, by and between First Reserve Fund VII, Limited Partnership; First Reserve Fund VIII, L.P.; First Reserve Fund IX, L.P.; First Reserve GP VII, L.P.; First Reserve GP VIII, L.P.; First Reserve GP IX, L.P.; First Reserve Corporation and First Reserve GP IX, Inc., filed on March 5, 2002 as Exhibit A to Amendment No. 4 to this Schedule 13D, and incorporated herein by reference as Exhibit A to this Amendment.

Page 13 of 16

 

SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.

     Dated: January 18, 2005.

             
 
   FIRST RESERVE FUND VII, LIMITED PARTNERSHIP
 
            
 
   By:   First Reserve GP VII, L.P., its General Partner
 
            
      By:   First Reserve Corporation, its General Partner
 
            
      By:   /s/ Thomas R. Denison
           
          Name: Thomas R. Denison
          Title: Managing Director
 
            
 
   FIRST RESERVE FUND VIII, L.P.
 
            
 
   By:   First Reserve GP VIII, L.P., its General Partner,
 
            
      By:   First Reserve Corporation its General Partner
 
            
      By:   /s/ Thomas R. Denison
           
          Name: Thomas R. Denison Title: Managing Director

Page 14 of 16

 

             
 
   FIRST RESERVE FUND IX, L.P.
 
            
 
   By:   First Reserve GP IX, L.P., its General Partner,
 
            
      By:   First Reserve GP IX, Inc., its General Partner
 
            
      By:   /s/ Thomas R. Denison
           
          Name: Thomas R. Denison
          Title: Managing Director
 
            
 
   FIRST RESERVE GP VII, L.P.
 
            
 
   By:   First Reserve Corporation, its General Partner
 
            
      By:   /s/ Thomas R. Denison
           
          Name: Thomas R. Denison
          Title: Managing Director
 
            
 
   FIRST RESERVE GP VIII, L.P.
 
            
 
   By:   First Reserve Corporation, its General Partner
 
            
      By:   /s/ Thomas R. Denison
           
          Name: Thomas R. Denison
          Title: Managing Director
 
            
 
   FIRST RESERVE GP IX, L.P.
 
            
 
   By:   First Reserve GP IX, Inc., its General Partner
 
            
      By:   /s/ Thomas R. Denison
           
          Name: Thomas R. Denison
          Title: Managing Director

Page 15 of 16

 

         
 
   FIRST RESERVE CORPORATION
 
        
  By:   /s/ Thomas R. Denison
       
      Name: Thomas R. Denison
      Title: Managing Director
 
        
 
   FIRST RESERVE GP IX, INC.
 
        
  By:   /s/ Thomas R. Denison
       
      Name: Thomas R. Denison
      Title: Managing Director

Page 16 of 16