-----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, T76Ml3aONMuX7QI2W3gT+1YubkEBaAy4u4yfXIoJPowScM1cR9/nLOyj1QS84E2L T6bTdl4VchO+/p6sZOEJIQ== 0000919574-99-000613.txt : 19990408 0000919574-99-000613.hdr.sgml : 19990408 ACCESSION NUMBER: 0000919574-99-000613 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990407 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NORDIC AMERICAN TANKER SHIPPING LTD CENTRAL INDEX KEY: 0001000177 STANDARD INDUSTRIAL CLASSIFICATION: WATER TRANSPORTATION [4400] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-51685 FILM NUMBER: 99588795 BUSINESS ADDRESS: STREET 1: PO BOX HM 1179 CITY: HAMILTON HMEX BERMUD STATE: D0 BUSINESS PHONE: 4412952244 MAIL ADDRESS: STREET 1: PO BOX HM 1179 STREET 2: HM EX CITY: HAMILTON STATE: D0 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: UGLAND NORDIC SHIPPING ASA CENTRAL INDEX KEY: 0001047745 STANDARD INDUSTRIAL CLASSIFICATION: [] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: THOR DAHLS GT 1-3 STREET 2: PO BOX 54 CITY: SARRLEFJORD NORWAY STATE: Q8 MAIL ADDRESS: STREET 1: THOR DAHLS GT 1-3 STREET 2: P O BOX 54 CITY: SARRLEFJORD NORWAY STATE: Q8 SC 13D/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Amendment No. 2 Name of Issuer: Nordic American Tanker Shipping Limited Title of Class of Securities: Common Shares CUSIP Number: G65773106 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Herbjorn Hansson, c/o Ugland Nordic Shipping ASA, Thor Dahls gt. 1-3, P.O. Box 54, 3201 Sandefjord, Norway (Date of Event which Requires Filing of this Statement) March 22, 1999 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. *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 disclosures provided in a prior cover page. The information required on 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 ("Act") 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). CUSIP No. G65773106 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON UGLAND NORDIC SHIPPING ASA 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) x 3. SEC USE ONLY 4. SOURCE OF FUNDS* WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) of 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION Norway NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7. SOLE VOTING POWER 2,043,771 8. SHARED VOTING POWER 9. SOLE DISPOSITIVE POWER 2,043,771 10. SHARED DISPOSITIVE POWER 2 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,043,771 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* X 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 21.06% 14. TYPE OF REPORTING PERSON* CO *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 3 CUSIP No. G65773106 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SKIPSAKSJESELSKAPET VESTFOLD 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) x 3. SEC USE ONLY 4. SOURCE OF FUNDS* WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) of 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION Norway NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7. SOLE VOTING POWER 14,500 8. SHARED VOTING POWER 9. SOLE DISPOSITIVE POWER 14,500 10. SHARED DISPOSITIVE POWER 4 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,500 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* X 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .15% 14. TYPE OF REPORTING PERSON* CO *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 5 The purpose of this Amendment No. 2 to the previously filed Schedule 13D is to report that the ownership of Ugland Nordic Shipping ASA ("Ugland") and Skipsaksjeselskapet Vestfold ("SV"; together with Ugland, the "Reporting Persons") in the Common Shares, $.01 par value (the "Shares"), of Nordic American Tanker Shipping Limited (the "Issuer") has increased. The ownership of Ugland has increased from 20.54% to 21.06% of the total Shares outstanding. The ownership of SV has increased from .01% to .15% of the total Shares outstanding. Item 1. Security and Issuer No change. Item 2. Identity and Background This statement is being filed on behalf of Ugland and SV. SV is a Norwegian company owned by Herbjorn Hansson. Herbjorn Hansson is the sole director of Svana, the President and Chief Executive Officer of Ugland, a publicly owned Norwegian shipping company. The address for Ugland is Thor Dahls gt.1-3, P.O. Box 54, 3201 Sandefjord, Norway. The address for SV is Bekkasinveien 12, 3212 Sandefjord, Norway. None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). None of the Reporting Persons has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction which resulted in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violations with respect to such laws. Herbjorn Hansson is a citizen of Norway. Item 3. Source and Amount of Funds or Other Consideration As of the date hereof, Ugland owns 2,043,771 Shares and SV owns 14,500 Shares. SV purchased 13,000 Shares on March 22, 1999 at a price of $11.25 per Share for an aggregate purchase price of $146,250. The source of funds for the purchase of the Shares is the working capital of SV. No funds were borrowed to purchase any of the Shares. Ugland purchased 50,000 shares on March 26, 1999 at a price of $11.375 per Share for an aggregate purchase 6 price of $568,750. The source of funds for the purchase of the Shares is the working capital of Ugland. No funds were borrowed to purchase any of the Shares. Item 4. Purpose of Transactions No change. Item 5. Interest in Securities of Issuer As of the date hereof, Ugland owns 2,043,771 Shares and SV owns 14,500 Shares. Herbjorn Hansson is deemed to beneficially own 30,000 Shares, including the 14,500 shares owned by SV. As of the date hereof, there were 9,706,606 Shares outstanding. Therefore, Ugland owns 21.06% of the outstanding Shares, SV owns .15% of the outstanding Shares and Herbjorn Hansson owns .31% of the outstanding Shares. The Reporting Persons have the sole power to vote, direct the vote, dispose of or direct the disposition of all the Shares that they own. All transactions in the Shares effected by the Reporting Persons since the most recent filing on Schedule 13D were effected in open-market transactions and are set forth in Exhibit 1. SV disclaims beneficial ownership of the Shares owned by Ugland pursuant to Rule 13d-4. Herbjorn Hansson disclaims beneficial ownership of the securities covered by this Schedule 13-D pursuant to Rule 13d-4. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer No change. Item 7. Material to be Filed as Exhibits 1. A description of the transactions in the Shares that were effected by the Reporting Person. 7 Signature The undersigned, after reasonable inquiry and to the best of its knowledge and belief, certifies that the information set forth in this statement is true, complete and correct. UGLAND NORDIC SHIPPING ASA By: /s/ Herbjorn Hansson Herbjorn Hansson President and Chief Executive Officer SKIPSAKSJESELSKAPET VESTFOLD By: /s/ Herbjorn Hansson Herbjorn Hansson President and Chief Executive Officer April 6, 1999 8 Exhibit 1 SCHEDULE OF TRANSACTIONS- SV Price Per Share Date Shares Purchased (excluding commission) ____ ________________ ______________________ 3/22/99 13,000 $11.25 SCHEDULE OF TRANSACTIONS- UGLAND Price Per Share Date Shares Purchased (excluding commission) ____ ________________ ______________________ 3/26/99 50,000 $11.375 9 01318002.AW1 -----END PRIVACY-ENHANCED MESSAGE-----