-----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, LIpBhxR8WppP3jaUJTSozbY0ZqpelNwoajushRPYz0+5kPAyM15XBMdrsVDWrMVL eCaucnVWNXNmmbSq5PhfRA== 0000930661-97-002554.txt : 19971110 0000930661-97-002554.hdr.sgml : 19971110 ACCESSION NUMBER: 0000930661-97-002554 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971107 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: SEC FILE NUMBER: 005-42423 FILM NUMBER: 97710200 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. 10 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 10) 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) October 13, 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 5 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 17,800 Beneficially Owned by ------ Each Reporting Person ---------------------------------------------------- With 8) Shared Voting Power ---------------------------------------------------- 9) Sole Dispositive Power 17,800 ------ ---------------------------------------------------- 10) Shared Dispositive Power - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person 17,800 ------ - -------------------------------------------------------------------------------- 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) 0.3% ---- - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions) IN -- - -------------------------------------------------------------------------------- Page 2 of 5 ONLY THE INFORMATION REPORTED FOR THE FOLLOWING ITEMS IN THIS AMENDMENT NO. 10 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 June 10, 1997, Charles B. Chitty resigned his position as a director of Cross Timbers. On August 19, 1997, Jack P. Randall, was appointed as a director of Cross Timbers until Cross Timbers' 1998 annual meeting, when he will stand for election. Mr. Randall is President of Randall & Dewey, Inc., and his business address is 16800 Greenspoint Park Drive, Suite 380-S, Houston, Texas 77060. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 is hereby amended as follows: (a) As of November 7, 1997, Bob R. Simpson, Chairman of the Board of Directors and Chief Executive Officer of Cross Timbers, beneficially owns 17,800 Units or approximately 0.3% of the Issuer's outstanding Units of 6,000,000 at October 15, 1997, as reported in the Issuer's Quarterly Report on Form 10-Q for its quarter ended September 30, 1997. As of November 7, 1997, Keith A. Hutton, Senior Vice President - Asset Development of Cross Timbers, owns 3,785 Units or less than 0.1% of the Issuer's outstanding Units, and the Scott Sherman Family Limited Partnership owns 9,000 Units or approximately 0.2% of the Issuer's outstanding Units. Scott G. Sherman, a director of Cross Timbers, his wife and a family trust are the only limited partners of this partnership, and Scott Sherman Corp. (wholly owned by Mr. Sherman and his wife) is the sole general partner. Also as of November 7, 1997, Steffen E. Palko, Vice Chairman and President of Cross Timbers, owns 380 Units or less than 0.1% of the Issuer's outstanding Units. As of November 7, 1997, the Cross Timbers Oil Company Employees' 401(k) Plan owns 46,440 Units, or approximately 0.8% of the Issuer's outstanding Units. (b) Mr. Simpson has the sole voting and dispositive power with respect to the 17,800 Units he owns. Mr. Hutton has the sole voting and dispositive power with respect to the 3,785 Units he owns. As president of Scott Sherman Corp., Mr. Sherman has the sole voting and dispositive power with respect to the 9,000 Units owned by the Scott Sherman Family Limited Partnership. Mr. Palko has the sole voting and dispositive power with respect to the 380 Units he owns. (c) Schedule II, attached hereto and incorporated herein by reference, lists all transactions in the Units effected since June 5, 1997 and through November 7, 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 3 of 5 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: November 7, 1997 By: LOUIS G. BALDWIN ------------------------- Louis G. Baldwin Senior Vice President and Chief Financial Officer BOB R. SIMPSON ------------------------- Bob R. Simpson Page 4 of 5 SCHEDULE II TO SCHEDULE 13D The following lists open market sales of Units effected by Mr. Simpson since June 5, 1997 and through November 7, 1997.
Number Price Date of Units per Unit -------- -------- -------- 9/4/97 10,000 $16.875 9/5/97 1,300 16.889 9/9/97 1,200 16.875 9/10/97 11,100 17.000 9/11/97 1,100 17.000 9/18/97 8,100 16.875 9/23/97 500 16.875 9/24/97 4,500 16.875 9/25/97 2,000 17.125 9/25/97 500 17.000 9/30/97 2,000 17.750 10/1/97 100 17.875 10/1/97 5,000 17.650 10/2/97 2,000 17.875 10/3/97 600 17.875 10/6/97 2,800 17.875 10/10/97 4,600 18.375 10/13/97 2,600 18.375
The following lists open market sales of Units effected by Mr. Hutton since June 5, 1997 and through November 7, 1997.
Number Price Date of Units per Unit -------- -------- -------- 8/27/97 2,000 $17.000 8/28/97 1,000 16.500 8/29/97 2,000 16.500 9/25/97 2,000 17.000
The following lists open market sales of Units effected by the Cross Timbers Employees' 401(k) Plan since June 5, 1997 and through November 7, 1997.
Number Price Date of Units per Unit -------- -------- -------- 9/26/97 1,000 $16.750 9/26/97 800 16.563 9/26/97 1,000 16.625
On June 18, 1997, the Scott Sherman Family Limited Partnership sold 6,024 Units on the open market at $16.125 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 June 5, 1997 and through November 7, 1997. Page 5 of 5 -----END PRIVACY-ENHANCED MESSAGE-----