-----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, TBENKtJ0TEfs0sPfZn5wM30bcqPh2/vGSnkn+2d6vBYSA6cj0uvjSLCkyWgFMGOj iyUQ4Pe3ii+8dzMxQ0tSaA== 0000898432-08-000235.txt : 20080304 0000898432-08-000235.hdr.sgml : 20080304 20080304172048 ACCESSION NUMBER: 0000898432-08-000235 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080304 DATE AS OF CHANGE: 20080304 GROUP MEMBERS: CHRISTOPHER MACKEY GROUP MEMBERS: T.K. DUGGAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: POPE & TALBOT INC /DE/ CENTRAL INDEX KEY: 0000311871 STANDARD INDUSTRIAL CLASSIFICATION: PULP MILLS [2611] IRS NUMBER: 940777139 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-12207 FILM NUMBER: 08664913 BUSINESS ADDRESS: STREET 1: 1500 SW FIRST AVE CITY: PORTLAND STATE: OR ZIP: 97201 BUSINESS PHONE: 5032289161 MAIL ADDRESS: STREET 1: 1500 S W FIRST AVE CITY: PORTLAND STATE: OR ZIP: 97201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Durham Asset Management LLC CENTRAL INDEX KEY: 0001389828 IRS NUMBER: 753061703 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 680 FIFTH AVENUE STREET 2: 22ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2122048600 MAIL ADDRESS: STREET 1: 680 FIFTH AVENUE STREET 2: 22ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SC 13G 1 sc-13g.txt - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (RULE 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13D-1(b) (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b) POPE & TALBOT, INC. ----------------------------------------------------------- (Name of Issuer) COMMON STOCK ----------------------------------------------------------- (Title of Class of Securities) 732827100 ----------------------------------------------------------- (CUSIP Number) JANUARY 30, 2008 ----------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] 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 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 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. 732827100 13G PAGE 2 OF 7 PAGES - -------------------- ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: DURHAM ASSET MANAGEMENT L.L.C. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED 0 BY ----------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------- WITH: 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - ------------------- ------------------- CUSIP NO. 732827100 13G PAGE 3 OF 7 PAGES - -------------------- ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: T. K. DUGGAN - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED 0 BY ---------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ---------------------------------------------------------- WITH: 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN, HC - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - ------------------- ------------------- CUSIP NO. 732827100 13G PAGE 4 OF 7 PAGES - ------------------- ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: CHRISTOPHER MACKEY - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED 0 BY ----------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------- WITH: 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN, HC - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - ------------------- ------------------- CUSIP NO. 732827100 13G PAGE 5 OF 7 PAGES - ------------------- ------------------- - -------------------------------------------------------------------------------- ITEM 1(a). NAME OF ISSUER: Pope & Talbot, Inc. ("P&T") ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 1500 SW First Avenue, Suite 200 Portland, OR 97201 ITEM 2(a). NAME OF PERSON FILING: This Schedule 13G is being filed on behalf of the following persons (the "Reporting Persons"): (i) Durham Asset Management L.L.C. ("Durham") (ii) T. K. Duggan (iii) Christopher Mackey ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE: The principal business office of the Reporting Persons filing this Schedule 13G is located at 680 Fifth Avenue, 22nd Floor, New York, NY 10019. ITEM 2(c). CITIZENSHIP: Durham Delaware limited liability company T. K. Duggan United States Christopher Mackey United States ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock ITEM 2(e). CUSIP NUMBER: 732827100 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - ------------------- ------------------- CUSIP NO. 732827100 13G PAGE 6 OF 7 PAGES - ------------------- ------------------- - -------------------------------------------------------------------------------- ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR (C) CHECK WHETHER THE PERSON FILING IS: ONE OF THE FOLLOWING Durham is an investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E), and Messrs. Duggan and Mackey are both control persons of Durham in accordance with Rule 13d-1(b)(1)(ii)(G). ITEM 4. OWNERSHIP: The information in items 1 and 5 through 11 on the cover pages (pp. 2-5) on this Schedule 13G is hereby incorporated by reference. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities check the following. |X| ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: The information in item 3 is hereby incorporated by reference. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP: Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP: Not applicable. - -------------------------------------------------------------------------------- - ------------------- -------------------- CUSIP NO. 732827100 13G 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. 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. Dated: February 12, 2008 DURHAM ASSET MANAGEMENT L.L.C.* T. K. DUGGAN* By: Christopher Mackey , its Managing Principal /s/ Christopher Mackey /s/ T. K. Duggan ----------------------------- --------------------------- Christopher Mackey T. K. Duggan CHRISTOPHER MACKEY* /s/ Christopher Mackey ----------------------------- Christopher Mackey * THE REPORTING PERSONS DISCLAIM BENEFICIAL OWNERSHIP IN THE SHARES REPORTED HEREIN EXCEPT TO THE EXTENT OF THEIR PECUNIARY INTEREST THEREIN. EXHIBIT A In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the undersigned does hereby consent and agree to the joint filing on behalf of each of them of a statement on Schedule 13G and all amendments thereto with respect to the Common Stock of Pope & Talbot, Inc. beneficially owned by each of them, and the inclusion of this Joint Filing Agreement as an exhibit thereto. Dated: February 12, 2008 DURHAM ASSET MANAGEMENT L.L.C. By: Christopher Mackey, its Managing Principal /s/ Christopher Mackey ---------------------------------------------- Christopher Mackey T. K. DUGGAN /s/ T. K. Duggan ------------------------------------------------------- T. K. Duggan CHRISTOPHER MACKEY /s/ Christopher Mackey ------------------------------------------------------- Christopher Mackey -----END PRIVACY-ENHANCED MESSAGE-----