-----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, JdfH1pRH7Ls2RO3bB6au+7IBAl1h1psnBlW3UbUovSkEJFEPuk74Y7lRpvZO2WMY EnN2qmElyMLXZhnYKSRqmQ== 0000930661-97-000816.txt : 19970407 0000930661-97-000816.hdr.sgml : 19970407 ACCESSION NUMBER: 0000930661-97-000816 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970404 SROS: NYSE GROUP MEMBERS: BOB R. SIMPSON GROUP MEMBERS: CROSS TIMBERS OIL CO SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CROSS TIMBERS ROYALTY TRUST CENTRAL INDEX KEY: 0000881787 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] IRS NUMBER: 756415930 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42423 FILM NUMBER: 97574576 BUSINESS ADDRESS: STREET 1: 500 WEST SEVENTH ST STE 1300 STREET 2: P O BOX 1317 CITY: FORT WORTH STATE: TX ZIP: 76101-1317 BUSINESS PHONE: 8173906592 MAIL ADDRESS: STREET 2: P O BOX 1317 CITY: FORT WORTH STATE: TX ZIP: 76101-1317 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CROSS TIMBERS OIL CO CENTRAL INDEX KEY: 0000868809 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 752347769 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 810 HOUSTON ST STREET 2: STE 2000 CITY: FORT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 8178702800 MAIL ADDRESS: STREET 1: 810 HOUSTON STREET STREET 2: STE 2000 CITY: FORT WORTH STATE: TX ZIP: 76102 SC 13D/A 1 AMENDMENT NO. 8 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 8) Cross Timbers Royalty Trust --------------------------- (Name of Issuer) Units of Beneficial Interest ---------------------------- (Title of Class of Securities) 22757R 10 9 --------------- (CUSIP Number) Louis G. Baldwin Senior Vice President and Chief Financial Officer Cross Timbers Oil Company 810 Houston Street, Suite 2000 Fort Worth, Texas 76102 (817) 870-2800 ---------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 31, 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 [ ]. 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. Page 1 of 7 SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 22757R 10 9 ----------- - -------------------------------------------------------------------------------- 1) Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Cross Timbers Oil Company ------------------------- 75-2347769 ---------- - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) a) [X] b) [ ] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions) WC, BK ------ - -------------------------------------------------------------------------------- 5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization Delaware -------- - -------------------------------------------------------------------------------- 7) Sole Voting Power Number of Shares 1,187,700 Beneficially Owned --------- by Each Reporting ------------------------------------------------------ Person With 8) Shared Voting Power ------------------------------------------------------ 9) Sole Dispositive Power 1,187,700 --------- ------------------------------------------------------ 10) Shared Dispositive Power - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,187,700 --------- - -------------------------------------------------------------------------------- 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) 19.8% ----- - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions) CO -- - -------------------------------------------------------------------------------- Page 2 of 7 SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 22757R 10 9 ----------- - -------------------------------------------------------------------------------- 1) Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Bob R. Simpson -------------- - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) a) [X] b) [ ] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions) PF, 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 ------------- - -------------------------------------------------------------------------------- 7) Sole Voting Power Number of Shares 168,000 Beneficially Owned ------- by Each Reporting ------------------------------------------------------ Person With 8) Shared Voting Power ------------------------------------------------------ 9) Sole Dispositive Power 168,000 ------- ------------------------------------------------------ 10) Shared Dispositive Power - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person 168,000 ------- - -------------------------------------------------------------------------------- 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) 2.8% ---- - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions) IN -- - -------------------------------------------------------------------------------- Page 3 of 7 ONLY THE INFORMATION REPORTED FOR THE FOLLOWING ITEMS IN THIS AMENDMENT NO. 8 TO SCHEDULE 13D IS AMENDED FROM THE INITIAL FILING ON SCHEDULE 13D DATED OCTOBER 9, 1996 AND PRIOR AMENDMENTS THERETO (THE INITIAL SCHEDULE 13D, TOGETHER WITH ALL PRIOR AMENDMENTS, BEING REFERRED TO HEREIN AS "THE SCHEDULE 13D"). UNLESS SPECIFICALLY HEREBY AMENDED, THE INFORMATION IN THE SCHEDULE 13D REMAINS UNCHANGED. UNLESS OTHERWISE DEFINED HEREIN, ALL DEFINED TERMS USED HEREIN HAVE THE SAME MEANING AS IN THE SCHEDULE 13D. ITEM 2. IDENTITY AND BACKGROUND Item 2 is hereby amended as follows: On February 18, 1997, George U. Wyper resigned from Cross Timbers' Board of Directors. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Item 3 is hereby amended as follows: As of April 3, 1997, the total cost of Units purchased by Cross Timbers was $16.2 million. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 is hereby amended as follows: (a) As of April 3, 1997, Cross Timbers beneficially owns 1,187,700 Units or approximately 19.8% of the Issuer's outstanding Units of 6,000,000 at March 7, 1997, as reported in the Issuer's Annual Report on Form 10-K for its year ended December 31, 1996. As of April 3, 1997, Bob R. Simpson, Chairman of the Board of Directors and Chief Executive Officer of Cross Timbers, beneficially owns 168,000 Units or approximately 2.8% of the Issuer's outstanding Units. As of April 3, 1997, Louis G. Baldwin, Senior Vice President and Chief Financial Officer of Cross Timbers, and Vaughn O. Vennerberg II, Senior Vice President - Land of Cross Timbers, do not own any Units. (b) Cross Timbers has the sole voting power and dispositive power with respect to the 1,187,700 Units it beneficially owns. Mr. Simpson has the sole voting and dispositive power with respect to the 168,000 Units he owns. (c) Schedule II, attached hereto and incorporated herein by reference, lists all transactions in the Units effected since February 12, 1997 and through April 3, 1997 by Cross Timbers or Mr. Simpson or, to the knowledge of Cross Timbers or Mr. Simpson, by any of the persons listed on Schedule I to the Schedule 13D. Page 4 of 7 SIGNATURES 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. CROSS TIMBERS OIL COMPANY Date: April 3, 1997 By: LOUIS G. BALDWIN ------------------------------------- Louis G. Baldwin Senior Vice President and Chief Financial Officer BOB R. SIMPSON ---------------------------------------- Bob R. Simpson Page 5 of 7 SCHEDULE II TO SCHEDULE 13D The following lists Unit purchases effected by Cross Timbers since February 12, 1997 and through April 3, 1997. All such purchases were open market transactions.
Number Price Date of Units per Unit ---- -------- -------- 2/26/97 19,500 $14.564 2/27/97 400 14.625 2/28/97 9,500 14.625 3/3/97 20,000 14.625 3/4/97 2,200 14.625 3/5/97 1,900 14.625 3/6/97 500 14.625 3/7/97 9,500 14.625 3/10/97 1,800 14.625 3/21/97 1,800 14.625 3/24/97 200 14.625 3/25/97 4,700 14.625 3/26/97 3,700 14.500 3/27/97 1,400 14.500 3/31/97 10,000 14.500 4/1/97 6,600 14.500 4/2/97 39,000 14.500 4/3/97 10,500 14.494
The following lists Unit sales effected by Mr. Simpson since February 12, 1997 and through April 3, 1997. All such sales were open market transactions.
Number Price Date of Units per Unit ---- -------- -------- 2/20/97 500 $15.000 2/24/97 1,000 14.875 2/25/97 1,300 14.750 2/27/97 100 14.750 2/28/97 1,800 14.750 3/3/97 2,000 14.750 3/4/97 2,200 14.750 3/5/97 300 14.750 3/7/97 2,800 14.750 3/11/97 700 15.000 3/13/97 1,700 15.000 3/14/97 400 15.000 3/17/97 600 15.000 3/18/97 1,600 15.000 3/19/97 1,000 15.000 3/24/97 4,000 14.750 3/25/97 1,700 14.750 3/26/97 2,200 14.625 3/27/97 2,800 14.625 3/31/97 1,400 14.625 4/1/97 1,100 14.625 4/2/97 3,600 14.625
Page 6 of 7 On February 20, 1997, Vaughn O Vennerberg II sold 500 Units on the open market at $15.00 per Unit. On March 3, 1997, Mr. Vennerberg sold 500 Units on the open market at $14.75 per Unit. On March 31, 1997, Louis G. Baldwin sold 10,000 Units on the open market at $14.50 per Unit. To the best of Cross Timbers' and Mr. Simpson's knowledge, no other persons listed in Schedule I of the Schedule 13D have effected any Unit transactions since February 12, 1997 and through April 3, 1997. Page 7 of 7 -----END PRIVACY-ENHANCED MESSAGE-----