FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
STONE ENERGY CORP [ SGY ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/27/2007 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 06/27/2007 | F(1) | 1,082 | D | $33.68 | 1,005,896 | D | |||
Common Stock | 2,761 | I | See Note(2) | |||||||
Common Stock | 81,168 | I | See note(3) | |||||||
Common Stock | 2,220 | I | See note(4) | |||||||
Common Stock | 1,045 | I | See note(5) | |||||||
Common Stock | 2,972 | I | See note(6) | |||||||
Common Stock | 25,108 | I | See note(7) | |||||||
Common Stock | 7,620 | I | Held by Children | |||||||
Common Stock | 192,950 | I | See Note(8) | |||||||
Common Stock | 2,879 | I | See Note(9) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (Right to Buy) | $36.46 | 11/14/2004(10) | 11/14/2013 | Common Stock | 3,000 | 3,000 | D | ||||||||
Employee Stock Option (Right to Buy) | $32.96 | 12/06/2003(10) | 12/06/2012 | Common Stock | 40,000 | 40,000 | D | ||||||||
Employee Stock Option (Right to Buy) | $58.156 | 05/18/2001(10) | 05/18/2010 | Common Stock | 50,000 | 50,000 | D | ||||||||
Employee Stock Option (Right to Buy) | $49.31 | 06/27/2006(10) | 06/27/2015 | Common Stock | 15,000 | 15,000 | D |
Explanation of Responses: |
1. Shares used to satisfy tax liability upon lapse of restrictions on restricted stock. |
2. These shares are owned of record by Stone Investments Limited Partnership. Mr. Stone owns an approximate 99% limited partner interest in Stone Investments Limited Partnership which he acquired in exchange for a 2.44% interest in Croft Deep Value, LP, an 80% interest in James H. Stone Interests II, a 1.2% interest in Longview Partners, a 99.33% interest in MIJMOT, LLC and a 3.19% interest in Pegasus Capital II, LP. The fair market value of the assets contributed by Mr. Stone was $8,779,391. Mr. Stone disclaims beneficial ownership of the SGY Common Stock held by Stone Investments Limited Partnership except to the extent of his pecuniary interest therein. |
3. These shares are owned of record by James H. Stone Interest II, which Mr. Stone contributed to Stone Investments Limited Partnership as partial consideration for his acquisition of an approximate 99% limited partner interest in Stone Investments Limited Partnership. Mr. Stone disclaims beneficial ownership of the SGY Common Stock held by James H. Stone Interest II except to the extent of his pecuniary interest therein. |
4. These shares are owned of record by Newstone Venture Capital Limited Partnership. Mr. Stone owns an approximate 99% limited partner interest in Newstone Venture Capital Limited Partnership which he acquired in exchange for a 0.08% interest in Centennial Partnership, a 100% interest in Stone Aircraft Corporation, a 4% interest in Stone Family Fund, LLC and a 100% interest in Stone Industries. Mr. Stone disclaims beneficial ownership of the SGY Common Stock held by Newstone Venture Capital Limited Partnership except to the extent of his pecuniary interest therein. |
5. These shares represent 4% of the SGY Common Stock owned of record by Stone Family Fund LLC. Mr. Stone contributed a 4% interest in Stone Family Fund LLC to Newstone Venture Capital Limited Partnership as partial consideration for his acquisition of an approximate 99% limited partner interest in Newstone Venture Capital Limited Partnership. Mr. Stone disclaims beneficial ownership of the SGY Common Stock held by Stone Family Fund LLC except to the extent of his pecuniary interest therein. |
6. These shares are owned of record by Newstone Properties Limited Partnership. Mr. Stone owns an approximate 99% limited partner interest in Newstone Properties Limited Partnership which he acquired in exchange for a 28.13% interest in Buddy's Run Associates, a 14.65% interest in Galleria Court, LLC, a 13.33% interest in Northpark Courtyard, LLC, a 34.35% interest in Ski Time Square Enterprises, a 20% interest in St. Joseph Suites, LLC, a 25% interest in TVG Asset Management Company, a 18.24% interest in Verandah Group Ltd, a 10% interest in Citrus Suites, a 14.65% interest in Galleria Inn LLC and a 20% interest in Julia Court, LLC. Mr. Stone disclaims beneficial ownership of the SGY Common Stock held by Newstone Properties Limited Partnership except to the extent of his pecuniary interest therein. |
7. These shares are owned of record by Speed Limited. Mr. Stone owns an approximate 99% limited partner interest in Speed Limited Partnership which he acquired in exchange for the contribution of 24,200 SGY Common Shares, $260,120, Crescent City Stables, LLC and ownership interests in various horses. The fair market value of the assets contributed by Mr. Stone was $2,015,837. Mr. Stone disclaims beneficial ownership of the SGY Common Stock held by Speed Limited Partnership except to the extent of his pecuniary interest therein. |
8. These shares are owned of record by James H. Stone Interest Partnership. Mr. Stone disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
9. These shares are owned of record by Newstone. Mr. Stone disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
10. Exercisable in annual increments of 20% beginning on the first anniversary of the date of grant. |
James H. Stone | 06/28/2007 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |