-----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, UNRPNJwmWoT4Qg9dczbsqgHlEFWUybj8gpjlvz59sD3cmd/BrqAkKNs8dRNRLedt OCeUeQTe2xEe4UA6q/OGLg== 0000950144-03-002910.txt : 20030311 0000950144-03-002910.hdr.sgml : 20030311 20030311104502 ACCESSION NUMBER: 0000950144-03-002910 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030311 GROUP MEMBERS: HHMI XIII, LLC GROUP MEMBERS: OTTER CREEK INTERNATIONAL LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PETROCORP INC CENTRAL INDEX KEY: 0000911359 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 760380430 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-44834 FILM NUMBER: 03598851 BUSINESS ADDRESS: STREET 1: 6733 SOUTH YALE CITY: TULSA STATE: OK ZIP: 74136-2391 BUSINESS PHONE: 7138752500 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: OTTER CREEK PARTNERS I LP CENTRAL INDEX KEY: 0000922685 IRS NUMBER: 650273189 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 400 ROYAL PALM WAY STREET 2: STE 212 CITY: PALM BEACH STATE: FL ZIP: 33480 BUSINESS PHONE: 561832 4110 MAIL ADDRESS: STREET 1: 400 ROYAL PALM WAY STREET 2: SUITE 212 CITY: PALM BEACH STATE: FL ZIP: 33480 SC 13G 1 g81049sc13g.htm PETROCORP INC/OTTER CREEK PARTNERS I, LP Petrocorp Inc/Otter Creek Partners I, LP
 

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

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

PETROCORP INCORPORATED

(Name of Issuer)

Common Stock, $.01 par value

(Title of Class of Securities)

71645N101

(Cusip Number)

January 31, 2003

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

        o Rule 13d-1 (b)

        x Rule 13d-1 (c)

        o Rule 13d-1 (d)

*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 the disclosures provided in a prior cover page.

The information required in 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).

 

 

             
13G
CUSIP No. 71645N101
  1. Name of Reporting Person:
Otter Creek Partners I, L.P.		 I.R.S. Identification Nos. of above persons (entities only):
65-0273189
  2. Check the Appropriate Box if a Member of a Group:
    (a) x  
    (b) o  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
Delaware
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
222,314
6. Shared Voting Power:
-0-
7. Sole Dispositive Power:
222,314
8.Shared Dispositive Power:
-0-
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
222,314
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o
  11.Percent of Class Represented by Amount in Row (9):
1.8%
  12.Type of Reporting Person:
PN

2

 

             
13G
CUSIP No. 71645N101
  1. Name of Reporting Person:
Otter Creek International Ltd.		 I.R.S. Identification Nos. of above persons (entities only):
  2. Check the Appropriate Box if a Member of a Group:
    (a) x  
    (b) o  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
British Virgin Islands
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
390,016
6. Shared Voting Power:
-0-
7. Sole Dispositive Power:
390,016
8.Shared Dispositive Power:
-0-
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
390,016
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o
  11.Percent of Class Represented by Amount in Row (9):
3.1%
  12.Type of Reporting Person:
IV

3

 

             
13G
CUSIP No. 71645N101
  1. Name of Reporting Person:
HHMI XIII, L.L.C.		 I.R.S. Identification Nos. of above persons (entities only):
59-0735717
  2. Check the Appropriate Box if a Member of a Group:
    (a) o  
    (b) x  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
Delaware
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
96,100*
6. Shared Voting Power:
-0-
7. Sole Dispositive Power:
96,100*
8.Shared Dispositive Power:
-0-
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
96,100*
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o
  11.Percent of Class Represented by Amount in Row (9):
0.8%
  12.Type of Reporting Person:
EP

*See Footnote in Item 4 Below

4

 

     
Schedule 13G (continued)   Page 5 of 7 Pages
     
Item 1(a):   Name of Issuer:       PetroCorp Incorporated
     
Item 1(b):   Address of Issuer’s Principal Executive Offices:
     
    6733 South Yale
Tulsa, Oklahoma 74136
     
Item 2(a):   Name of Persons Filing:

     Otter Creek Partners I, L.P. (“OCP”), Otter Creek International Ltd. (“OCI”) and HHMI XIII, L.L.C. (“HH”). Otter Creek Management Inc. manages investments for OCP, OCI, and HH by making investment decisions for them, including the decision to invest in shares of the Issuer.

             
Item 2(b):   Address of Principal Business Office or, if none, Residence:        
             
OCP, OCI:   400 Royal Palm Way, Suite 204 Palm Beach, Florida 33480   HH:   4000 Jones Bridge Road
Chevy Chase, MD 20815-6789
             
Item 2(c):   Citizenship:        

     OCP is a Delaware limited partnership, OCI is a British Virgin Islands investment company, and HH is a Delaware limited liability company.

     
Item 2(d):   Title of Class of Securities:
     
    Common Stock, $.01 par value
     
Item 2(e):   CUSIP Number: 71645N101
     
Item 3:   N/A
     
Item 4:   Ownership:
             
    (a)   Amount beneficially owned    
             
        OCP:   222,314 shares
        OCI:   390,016 shares
        HH:   96,100 shares*
             
    (b)   Percent of Class:    
             
        OCP:   1.8%
        OCI:   3.1%
        HH:   0.8%
             
    (c)   Number of shares as to which such person has:    
             
        (i) Sole power to vote or to direct the vote:    
             
        OCP:   222,314 shares
        OCI:   390,016 shares
        HH:   96,100 shares*

 

 

     
Schedule 13G (continued)   Page 6 of 7 Pages
         
    (ii)   Shared power to vote or to direct the vote:
         
    OCP:   -0- shares
    OCI:   -0- shares
    HH:   -0- shares
         
    (iii)   Sole power to dispose or to direct the disposition of:
         
    OCP:   222,314 shares
    OCI:   390,016 shares
    HH:   96,100 shares*
         
    (iv)   Shared power to dispose or to direct the disposition of:
         
    OCP:   -0- shares
    OCI:   -0- shares
    HH:   -0- shares

*     HH hereby reports that it has beneficial ownership, shared voting power and shared dispositive power in response to certain Items of Schedule 13G only to the extent that the reporting person may have the right (in accordance with Rule 13d-3(d)(1) under the Act) to acquire such beneficial ownership or voting or dispositive power within 60 days pursuant to termination of the investment management agreement pursuant to which the securities are held. Pursuant to Rule 13d-4 under the Act, HH hereby disclaims beneficial ownership of the securities as to which this Schedule is filed and expressly declares that the filing of this Schedule 13G shall not be construed as an admission that the reporting person is, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owners of any securities covered by this Schedule.

         
Item 5:   Ownership of Five Percent or Less of a Class: N/A    
         
Item 6:   Ownership of More than Five Percent on Behalf of Another Person:   N/A
         
Item 7:   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: N/A    
         
Item 8:   Identification and Classification of Members of the Group:    

     This filing is made on behalf of OCP, OCI and HH. See Exhibit 1 attached hereto.

         
Item 9:   Notice of Dissolution of Group:   N/A

 

 

     
Schedule 13G (continued)   Page 7 of 7 Pages

Item 10: Certification:

     By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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.

Date: February 28, 2003

       
  OTTER CREEK PARTNERS I, L.P.
 
  By:   Otter Creek Management, Inc., its general partner
 
  By:   /s/ R. Keith Long
R. Keith Long, President
 
  OTTER CREEK INTERNATIONAL LTD.
 
  By:   /s/ R. Keith Long
 
      Title: Director
 
  HHMI XIII, L.L.C.
 
  By:   Howard Hughes Medical Institute, its sole
Member and Manager
 
  By:   /s/ Robert J. Kolyer
 
  Title:   Managing Director

 

 

Exhibit 1
AGREEMENT

     AGREEMENT dated as of February 28, 2003 between Otter Creek Partners I, L.P., a Delaware limited partnership (“OCP”), Otter Creek International Ltd., a British Virgin Islands investment company (“OCI”), and HHMI XIII, L.L.C., a Delaware limited liability company (“HH”).

     WHEREAS, pursuant to paragraph (k) of Rule 13d-1 promulgated under Subsection 13(d)(1) of the Securities Exchange Act of 1934, as amended (the “1934 Act”), the parties hereto have decided to satisfy their filing obligations under the 1934 Act by a single joint filing:

     NOW, THEREFORE, the undersigned hereby agree as follows:

     1.     The Schedule 13G with respect to PetroCorp Incorporated to which this is attached as Exhibit 1 is filed on behalf of OCP, OCI and HH.

     2.     Each of OCP, OCI and HH is responsible for the completeness and accuracy of the information concerning such person contained therein; provided that each person is not responsible for the completeness or accuracy of the information concerning any other person making such filing.

     IN WITNESS WHEREOF, the undersigned hereunto set their hands as of the date first above written.

       
  OTTER CREEK PARTNERS I, L.P.
 
       
 
  By:   Otter Creek Management, Inc.,
its general partner
 
       
 
  By:   /s/ R. Keith Long
R. Keith Long, President
 
       
 
  OTTER CREEK INTERNATIONAL LTD.
 
       
 
  By:   /s/ R. Keith Long
 
       
 
  Title:   Director
 
       
 
  HHMI XIII, L.L.C.
 
       
 
  By:   Howard Hughes Medical Institute,
Its sole member and manager
 
       
 
  By:   /s/ Robert J. Kolyer
 
  Title:   Managing Director

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