SEC Form 4
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*
MatlinPatterson Capital Management GP LLC

(Last) (First) (Middle)
C/O MATLINPATTERSON CAPITAL MGMT LP,
520 MADISON AVENUE

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TOREADOR RESOURCES CORP [ TRGL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/05/2009
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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, par value $0.15625 per share 10/05/2009 S 20,017 D $9.2737 (4) 2,181,460 I (2) See Footnotes (1) (2) (3)
Common Stock, par value $0.15625 per share 10/06/2009 S 106,046 D $9.3345 (5) 2,075,414 I (2) See Footnotes (1) (2) (3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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
1. Name and Address of Reporting Person*
MatlinPatterson Capital Management GP LLC

(Last) (First) (Middle)
C/O MATLINPATTERSON CAPITAL MGMT LP,
520 MADISON AVENUE

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
1. Name and Address of Reporting Person*
MatlinPatterson Distressed Opportunities Master Account L.P.

(Last) (First) (Middle)
C/O MATLINPATTERSON CAPITAL MGMT LP,
520 MADISON AVENUE

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
1. Name and Address of Reporting Person*
MatlinPatterson Capital Management L.P.

(Last) (First) (Middle)
C/O MATLINPATTERSON CAPITAL MGMT LP,
520 MADISON AVENUE

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
1. Name and Address of Reporting Person*
MatlinPatterson Capital Management Holdings LLC

(Last) (First) (Middle)
C/O MATLINPATTERSON CAPITAL MGMT LP,
520 MADISON AVENUE

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
1. Name and Address of Reporting Person*
MATLIN DAVID J

(Last) (First) (Middle)
C/O MATLINPATTERSON CAPITAL MGMT LP,
520 MADISON AVENUE

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
1. Name and Address of Reporting Person*
PATTERSON MARK R

(Last) (First) (Middle)
C/O MATLINPATTERSON CAPITAL MGMT LP,
520 MADISON AVENUE

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
Explanation of Responses:
1. This Form 4 is filed jointly on behalf of (1) MatlinPatterson Distressed Opportunities Master Account L.P., a limited partnership organized under the laws of the Cayman Islands ("MatlinPatterson Distressed"), (2) MatlinPatterson Capital Management L.P., a Delaware limited partnership ("MatlinPatterson Capital Management"), (3) MatlinPatterson Capital Management GP LLC, a Delaware limited liability company ("MatlinPatterson Capital Management GP"), (4) MatlinPatterson Capital Management Holdings LLC, a Delaware limited liability company ("MatlinPatterson Holdings"), (5) David J. Matlin ("David Matlin") and (6) Mark R. Patterson ("Mark Patterson").
2. The reported securities are directly owned by MatlinPatterson Distressed. MatlinPatterson Capital Management serves as investment adviser or manager to MatlinPatterson Distressed. MatlinPatterson Capital Management GP is the general partner of MatlinPatterson Capital Management. MatlinPatterson Holdings is the sole member of MatlinPatterson Capital Management GP. Mark Patterson and David Matlin each hold 50% of the membership interests in MatlinPatterson Holdings.
3. Each of the reporting persons disclaims beneficial ownership of the reported securities held by MatlinPatterson Distressed except to the extent of their pecuniary interest therein. The inclusion of the reported securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.
4. This transaction was executed in multiple trades at prices ranging from $9.25 to $9.40 per share. The price reported in Column 4 is the weighted average sale price. Each of the reporting persons undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
5. This transaction was executed in multiple trades at prices ranging from $9.15 to $9.54 per share. The price reported in Column 4 is the weighted average sale price. Each of the reporting persons undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Remarks:
MATLINPATTERSON CAPITAL MANAGEMENT GP LLC By: /s/ ROBERT H. WEISS, General Counsel 10/05/2009
MATLINPATTERSON DISTRESSED OPPORTUNITES MASTER ACCOUNT L.P. By: MATLINPATTERSON DOF GP LLC, its general partner By: MP ALTERNATIVES GP HOLDINGS LLC, its managing member By: /s/ ROBERT H. WEISSS, GENERAL COUNSEL 10/05/2009
MATLINPATTERSON CAPITAL MANAGEMENT L.P. By: MATLINPATTERSON CAPITAL MANAGEMENT GP LLC, its general partner By: /s/ ROBERT H. WEISS, GENERAL COUNSEL 10/05/2009
MATLINPATTERSON CAPITAL MANAGEMENT HOLDINGS LLC By: /s/ ROBERT H. WEISS, Robert H. Weiss, General Counsel 10/05/2009
DAVID J. MATLIN By: /s/ ROBERT H. WEISS, Robert H. Weiss, by power of attorney 10/05/2009
MARK R. PATTERSON By: /s/ ROBERT H. WEISS, Robert H. Weiss, by power of attorney 10/05/2009
** Signature of Reporting Person Date
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