-----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, O2kwmJTzjVCDneCfjoL2GGeHIRl3+L0qAMD/NfGlr2MqJ7IUqW7ZWvw8JFv9eonm /IdSvYndoGOO9AViMWMMrw== 0000905718-97-000400.txt : 19970923 0000905718-97-000400.hdr.sgml : 19970923 ACCESSION NUMBER: 0000905718-97-000400 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970922 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WHX CORP CENTRAL INDEX KEY: 0000106618 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 133768097 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-18593 FILM NUMBER: 97683585 BUSINESS ADDRESS: STREET 1: 110 EAST 59TH ST CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2123555200 MAIL ADDRESS: STREET 1: 1134 MARKET STREET CITY: WHEELING STATE: WV ZIP: 26003 FORMER COMPANY: FORMER CONFORMED NAME: WHEELING PITTSBURGH CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: WHEELING PITTSBURGH STEEL CORP DATE OF NAME CHANGE: 19910130 FORMER COMPANY: FORMER CONFORMED NAME: WHEELING STEEL CORP DATE OF NAME CHANGE: 19690202 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ROTH MICHAEL CENTRAL INDEX KEY: 0001010207 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 10556 N PORT WASHINGTON RD CITY: MEQUON STATE: WI ZIP: 53092 BUSINESS PHONE: 4142411810 MAIL ADDRESS: STREET 1: 10556 N PORT WASHINGTON RD CITY: MEQUON STATE: WI ZIP: 53092 SC 13D/A 1 SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 SCHEDULE l3D Under the Securities Exchange Act of 1934 (Amendment No. 1)* WHX CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 133768097 - -------------------------------------------------------------------------------- (CUSIP Number) with a copy to: Krista L. Ward George J. Mazin Stark Investments Lowenstein, Sandler, Kohl, 1500 West Market Street Fisher & Boylan, P.A. Mequon, WI 53092 65 Livingston Avenue (414) 241-1810 Roseland, New Jersey 07068 (201) 992-8700 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 12, 1997 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule l3G 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 l3d-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. 133768097 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons (S.S. or I.R.S. Identification Nos. of Above Persons): Michael A. Roth and Brian J. Stark (filing as joint filers pursuant to Rule 13(d)1(f)(1)) - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions): (a) Not (b) Applicable - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions):WC - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): Not Applicable - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: United States - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 0 ----------------------------------------------- Shares Beneficially 8) Shared Voting Power: 1,102,695* ----------------------------------------------- Owned by Each Reporting 9) Sole Dispositive Power: 0 ----------------------------------------------- Person With: 10) Shared Dispositive Power: 1,102,695* ----------------------------------------------- - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,102,695* - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 4.9%* - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): IN - -------------------------------------------------------------------------------- * All 1,102,695 shares of the Issuer's common stock beneficially owned by the reporting persons are issuable to Reliant Trading upon the conversion of 401,279 shares of the Issuer's preferred stock held by Reliant Trading. See Item 2 and Item 5 for additional details. Item 1: Security and Issuer: This statement relates to the Common Stock of WHX Corporation ("Shares"). The issuer has principal executive offices located at 110 East 59th Street, New York, New York 10022. Item 2: Identity and Background 1. a) Name: Brian J. Stark b) Residence or Business Address: 1500 West Market Street Mequon, WI 53092 c) Occupation: Investment Fund Manager Staro Asset Management, L.L.C., Stark & Roth, Inc., Staro Partners 1500 West Market Street Mequon, WI 53092 d) Convictions: none e) Civil Proceedings: none f) Citizenship: United States 2. a) Name: Michael A. Roth b) Residence or Business Address: 1500 West Market Street Mequon, WI 53092 c) Occupation: Investment Fund Manager Staro Asset Management, L.L.C., Stark & Roth, Inc., Staro Partners 1500 West Market Street Mequon, WI 53092 d) Convictions: none e) Civil Proceedings: none f) Citizenship: United States 3. a) Name: Staro Partners b) State of Organization: Wisconsin c) Principal Business: Securities Trading d) Address of principal business: 1500 West Market Street Mequon, WI 53092 e) Address of Principal Office: same f) Convictions: none g) Civil proceedings: none 4. a) Name: Reliant Trading b) State of Organization: Wisconsin c) Principal Business: Securities Trading d) Address of principal business: 1500 West Market Street Mequon, WI 53092 e) Address of Principal Office: same f) Convictions: none g) Civil proceedings: none 5. a) Name: Shepherd Trading Limited b) State of Organization: British Virgin Islands c) Principal Business: Securities Trading Address of principal business: c/o International Fund Administration, Ltd. 48 Par-La Ville Road, Suite 464 Hamilton, HM 11 Bermuda d) Address of Principal Office: same e) Convictions: none f) Civil proceedings: none Item 3: Source and Amount of Funds or Other Consideration All funds used by Reliant Trading to purchase Shares and shares of the Issuer's preferred stock, which are convertible into Shares, were obtained from the capital contributed by the limited partners of Stark Investments, L.P. and general margin financing from brokers. The amount of funds used in making the purchases was $15,592,660. Item 4: Purpose of Transaction The acquisition by Reliant Trading of the Shares and the Issuer's preferred stock, which is convertible into Shares, is solely for investment purposes. Further acquisitions, sales or short sales of securities of the Issuer may be made for investment purposes, however, neither reporting person has present plans or intentions which relate to or would result in any of the transactions required to be described in Item 4 of Schedule 13D. Item 5: Interest in Securities of the Issuer Based upon the information contained in WHX Corporation's quarterly report on Form 10-Q for the quarterly period ending June 30, 1997, there were issued and outstanding 22,474,600 Shares. Messrs. Stark and Roth beneficially own 1,102,695 Shares (upon conversion of 401,279 shares of the Issuer's preferred stock) or 4.9% of the Shares. All 1,102,695 Shares are held by Reliant Trading. Messrs. Stark and Roth have shared power to vote or direct the vote and shared power to dispose or direct the disposition of the 1,102,695 Shares by virtue of their position as members of Staro Asset Management, L.L.C., the managing partner of Reliant Trading. As of September 12, 1997, the reporting persons no longer beneficially own five or more percent of the Issuer's Shares. The following table details the transactions by entities controlled by the reporting persons in securities of the Issuer during the past 60 days: Shepherd Trading Limited Date Quantity Price Transaction Type 9/12/97 1,500 $14.50 Open Mkt. Sale 9/12/97 2,000 14.62 Open Mkt. Sale 9/12/97 7,409 14.50 Open Mkt. Purchase 9/12/97 14,743 14.81 Open Mkt. Purchase 9/12/97 29,505 14.81 Open Mkt. Purchase 9/12/97 7,409 14.87 Open Mkt. Purchase 9/12/97 4,750 52.12 Open Mkt. Sale 9/12/97 9,499 52.12 Open Mkt. Sale 9/12/97 4,750 51.25 Open Mkt. Sale 9/12/97 18,999 52.15 Open Mkt. Sale 9/12/97 200 45.50 Open Mkt. Purchase 9/12/97 1,000 45.25 Open Mkt. Purchase 9/12/97 800 46.25 Open Mkt. Purchase 9/12/97 850 46.00 Open Mkt. Purchase 9/12/97 750 45.75 Open Mkt. Purchase 9/11/97 1,250 13.43 Open Mkt. Sale 9/11/97 1,250 13.37 Open Mkt. Purchase 9/11/97 1,250 13.87 Open Mkt. Sale 9/11/97 1,250 13.93 Open Mkt. Sale 9/11/97 400 13.56 Open Mkt. Sale 9/11/97 5,000 13.50 Open Mkt. Sale 9/11/97 850 13.31 Open Mkt. Sale 9/11/97 1,250 13.62 Open Mkt. Purchase 9/11/97 76,644 47.75 Open Mkt. Sale 9/11/97 76,644 47.75 Open Mkt. Purchase 9/11/97 300 48.00 Open Mkt. Purchase 9/11/97 28,825 44.37 Open Mkt. Sale 9/11/97 28,825 44.37 Open Mkt. Purchase 9/11/97 2,000 44.62 Open Mkt. Purchase 9/11/97 300 44.37 Open Mkt. Purchase 9/11/97 1,000 44.56 Open Mkt. Sale 9/11/97 1,000 44.75 Open Mkt. Sale 8/29/97 500 41.75 Open Mkt. Purchase 8/22/97 5,000 11.00 Open Mkt. Sale 8/20/97 5,000 10.93 Open Mkt. Sale 8/20/97 200 41.50 Open Mkt. Sale 8/18/97 2,500 42.75 Open Mkt. Purchase 8/18/97 750 40.25 Open Mkt. Purchase 8/15/97 1,800 40.21 Open Mkt. Purchase 8/14/97 1,550 40.24 Open Mkt. Purchase 8/13/97 1,750 40.22 Open Mkt. Purchase 8/12/97 1,850 40.25 Open Mkt. Purchase 8/11/97 6,250 9.75 Open Mkt. Purchase 8/11/97 6,250 42.00 Open Mkt. Sale 8/11/97 1,750 40.25 Open Mkt. Purchase 8/8/97 19,200 42.14 Open Mkt. Sale 8/8/97 2,800 40.88 Open Mkt. Purchase 8/7/97 4,000 10.06 Open Mkt. Sale 8/7/97 3,150 42.62 Open Mkt. Sale 8/7/97 3,350 41.98 Open Mkt. Purchase 8/6/97 450 10.06 Open Mkt. Sale 8/6/97 4,700 41.89 Open Mkt. Purchase 8/5/97 1,500 9.93 Open Mkt. Sale 8/5/97 1,550 41.08 Open Mkt. Purchase 8/4/97 9,800 9.87 Open Mkt. Sale 8/4/97 10,000 39.79 Open Mkt. Purchase 8/1/97 541 9.31 Open Mkt. Purchase 8/1/97 300 38.5 Open Mkt. Purchase 7/31/97 500 36.5 Open Mkt. Purchase 7/24/97 250 36.25 Open Mkt. Purchase 7/23/97 1,000 37 Open Mkt. Purchase 7/17/97 1,000 37 Open Mkt. Purchase 7/17/97 750 37 Open Mkt. Purchase 7/16/97 300 37 Open Mkt. Purchase Reliant Trading Date Quantity Price Transaction Type 9/12/97 1,500 $14.50 Open Mkt. Sale 9/12/97 2,000 14.62 Open Mkt. Sale 9/12/97 31,591 14.50 Open Mkt. Purchase 9/12/97 62,857 14.81 Open Mkt. Purchase 9/12/97 25,795 14.81 Open Mkt. Purchase 9/12/97 31,591 14.87 Open Mkt. Purchase 9/12/97 20,250 52.12 Open Mkt. Sale 9/12/97 20,250 51.25 Open Mkt. Sale 9/12/97 40,501 52.12 Open Mkt. Sale 9/12/97 81,001 52.15 Open Mkt. Sale 9/12/97 200 46.12 Open Mkt. Sale 9/12/97 200 45.50 Open Mkt. Purchase 9/12/97 1,000 45.25 Open Mkt. Purchase 9/12/97 800 46.25 Open Mkt. Purchase 9/12/97 850 46.00 Open Mkt. Purchase 9/12/97 750 45.75 Open Mkt. Purchase 9/11/97 1,250 13.43 Open Mkt. Sale 9/11/97 1,250 13.37 Open Mkt. Purchase 9/11/97 3,750 13.87 Open Mkt. Sale 9/11/97 3,750 13.93 Open Mkt. Sale 9/11/97 5,000 13.50 Open Mkt. Sale 9/11/97 1,250 13.31 Open Mkt. Sale 9/11/97 1,250 13.62 Open Mkt. Purchase 9/11/97 300 48.00 Open Mkt. Purchase 9/11/97 2,000 44.62 Open Mkt. Purchase 9/11/97 300 44.37 Open Mkt. Purchase 9/11/97 1,000 44.56 Open Mkt. Sale 9/11/97 1,000 44.75 Open Mkt. Sale 8/20/97 300 41.50 Open Mkt. Sale 8/18/97 7,500 42.75 Open Mkt. Purchase 8/18/97 2,250 40.25 Open Mkt. Purchase 8/15/97 5,400 40.21 Open Mkt. Purchase 8/14/97 4,650 40.24 Open Mkt. Purchase 8/13/97 5,250 40.22 Open Mkt. Purchase 8/12/97 5,500 40.25 Open Mkt. Purchase 8/11/97 18,750 9.75 Open Mkt. Purchase 8/11/97 200 41.75 Open Mkt. Sale 8/11/97 18,750 42.00 Open Mkt. Sale 8/11/97 1,750 40.25 Open Mkt. Purchase 8/8/97 5,000 42.14 Open Mkt. Sale 8/8/97 2,800 40.88 Open Mkt. Purchase 8/8/97 200 40.5 Open Mkt. Purchase 8/7/97 4,000 10.06 Open Mkt. Sale 8/7/97 3,150 42.62 Open Mkt. Sale 8/7/97 3,350 41.98 Open Mkt. Purchase 8/6/97 450 10.06 Open Mkt. Sale 8/6/97 4,700 41.89 Open Mkt. Purchase 8/5/97 1,500 9.93 Open Mkt. Sale 8/5/97 1,550 41.08 Open Mkt. Purchase 8/4/97 9,800 9.87 Open Mkt. Sale 8/4/97 10,000 39.79 Open Mkt. Purchase 8/1/97 1,859 9.31 Open Mkt. Purchase 8/1/97 300 38.5 Open Mkt. Purchase 7/31/97 500 36.5 Open Mkt. Purchase 7/24/97 250 36.25 Open Mkt. Purchase 7/23/97 1,000 37 Open Mkt. Purchase 7/17/97 1,000 37 Open Mkt. Purchase 7/17/97 750 37 Open Mkt. Purchase 7/16/97 300 37 Open Mkt. Purchase No other entity controlled by the reporting persons has traded the Issuer's securities within the past 60 days. Item 6: Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Not Applicable Item 7: Material to be filed as exhibits. Exhibit 1: Agreement of reporting persons as to joint filing. EXHIBIT 1 AGREEMENT AS TO JOINT FILING Dated September 22, 1997 The undersigned hereby agree that the Schedule 13D with respect to WHX Corporation dated as of the date hereof is filed on behalf of each of the undersigned jointly pursuant to Rule 13d-1(f)(1). /s/Brian J. Stark ----------------------------- Brian J. Stark /s/Michael A. Roth ----------------------------- Michael A. Roth SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, he undersigned hereby certifies that the information set forth in this statement is true, complete and correct. September 22,1997 /s/Brian J. Stark ----------------------------- Brian J. Stark /s/ Michael A. Roth ----------------------------- Michael A. Roth ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----