SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response: 0.5

1. Name and Address of Reporting Person* Palo Alto Investors, LLC (Last) (First) (Middle) 470 UNIVERSITY AVE (Street) PALO ALTO CA 94301 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 01/22/2009	3. Issuer Name and Ticker or Trading Symbol TOREADOR RESOURCES CORP [ TRGL ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) X Other (specify below) Affiliate of Director	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,906,800	I	See Notes(1)(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The securities reported as beneficially owned by Palo Alto Investors, LLC, a California limited liability company ("PAI"), include securities also beneficially owned by the following PAI affiliates (collectively, the "PAI Affiliates"): Palo Alto Investors, a California corporation, William L. Edwards and Anthony Joonkyoo Yun, MD. PAI is the general partner and investment adviser of investment limited partnerships and other accounts that hold these securities (the "Funds") for the benefit of the investors in the Funds. Palo Alto Investors is the manager of PAI. Mr. Edwards is the controlling shareholder of Palo Alto Investors. Dr. Yun is the President of PAI, LLC and Palo Alto Investors.

2. These securities are indirectly beneficially owned by PAI in its capacity as general partner and investment adviser of the Funds, and by Palo Alto Investors, Mr. Edwards and Mr. Yun as the control persons of those entities. Dr. Peter Hill, an employee of PAI, is a director of the Issuer. Each of PAI and the PAI Affiliates disclaim beneficial ownership of these securities except to the extent of that person's pecuniary interest therein. Further, PAI and the PAI Affiliates are filing this Form 3 jointly, but not as members of a group, and each of them expressly disclaims membership in a group.

	Palo Alto Investors, LLC, by Palo Alto Investors, Manager, by Mark Shamia, Chief Operating Officer	01/26/2009
	** 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 5 (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.