-----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, G+5zoTmMAg8U9qBPIn2qXuOtPW1bwXCAgnRhbGO9IfSjPPc0A63A2C9z/TlQrohk KXjCFNgrNMBwunC7JG9ciA== 0000950116-97-001668.txt : 19970912 0000950116-97-001668.hdr.sgml : 19970912 ACCESSION NUMBER: 0000950116-97-001668 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970905 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ENSCO INTERNATIONAL INC CENTRAL INDEX KEY: 0000314808 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 760232579 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-33427 FILM NUMBER: 97676022 BUSINESS ADDRESS: STREET 1: 2700 FOUNTAIN PL STREET 2: 1445 ROSS AVE STE 2700 CITY: DALLAS STATE: TX ZIP: 75202-2792 BUSINESS PHONE: 2149221500 MAIL ADDRESS: STREET 1: 2700 FOUNTAIN PLACE STREET 2: 1445 ROSS AVE CITY: DALLAS STATE: TX ZIP: 75202-2792 FORMER COMPANY: FORMER CONFORMED NAME: ENERGY SERVICE COMPANY INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: BLOCKER ENERGY CORP DATE OF NAME CHANGE: 19871015 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CAMBRIDGE INVESTMENTS LTD/ CENTRAL INDEX KEY: 0001029513 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 942784624 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 600 MONTGOMERY ST STREET 2: 27TH FL CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4157810866 MAIL ADDRESS: STREET 1: 600 MONTGOMERY ST CITY: SAN FRANCISCO STATE: CA ZIP: 94111 SC 13D 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 ENSCO INTERNATIONAL, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.10 Par Value - -------------------------------------------------------------------------------- (Title of Class of Securities) 0002927191 - -------------------------------------------------------------------------------- (CUSIP NUMBER) CAMBRIDGE INVESTMENTS, LTD. 600 Montgomery Street 27th Floor San Francisco, California 94111 Tel. No.: (415) 627-3017 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) - with copies to - Michael G. Tannenbaum, Esq. Newman Tannenbaum Helpern Syracuse & Hirschtritt LLP 900 Third Avenue - 13th Floor New York, New York 10022 (212) 508-6700 August 5, 1997 - -------------------------------------------------------------------------------- (Date of event which requires filing of this statement) 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 [ ] The information required in 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, as amended ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. Page 1 of 10 Pages - ------------------------------------------------------------------------------- CUSIP No. 0002927191 13D - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Cambridge Investments, Ltd. - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* 00 - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OR ORGANIZATION U.S.A. - ------------------------------------------------------------------------------ NUMBER OF | 7 | SOLE VOTING POWER SHARES | | 3,545,680 shares of Common Stock (See Item 5) BENEFICIALLY |-----|-------------------------------------------------------- OWNED BY | 8 | SHARED VOTING POWER EACH | | 37,425 shares of Common Stock (See Item 5) REPORTING |-----|-------------------------------------------------------- PERSON WITH | 9 | SOLE DISPOSITIVE POWER | | 3,545,680 shares of Common Stock (See Item 5) |-----|-------------------------------------------------------- | 10 | SHARED DISPOSITIVE POWER | | 37,425 shares of Common Stock (See Item 5) - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,583,105 shares of Common Stock (See Item 5.) - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.0% of Common Stock (See Item 5) - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IA - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT Page 2 of 10 Pages SCHEDULE 13D This Schedule 13D is being filed on behalf of Cambridge Investments, Ltd., a California corporation, registered as an investment advisor in the State of California, regarding shares of Ensco International, Inc. acquired on behalf of certain of its clients. Item 1. Security and Issuer Securities acquired: Common Stock, $0.10 par value Issuer: Ensco International, Inc. (the "Issuer") 2700 Fountain Place 1445 Ross Avenue Dallas, TX 75202-2792 (214) 922-1500 Item 2. Identity and Background Cambridge Investments, Ltd., a California corporation ("Cambridge"), is registered as an investment advisor in the State of California and provides investment management services to private individuals and institutions. Cambridge's contracts with its clients generally provide that Cambridge is responsible for designing and implementing either the client's overall investment strategy or the strategy of a client's portfolio managed by Cambridge; for conducting direct portfolio management strategies to the extent Cambridge determines that it is appropriate to utilize its own portfolio management capabilities. Cambridge is located at 600 Montgomery Street, San Francisco, California 94111. Cambridge has not been convicted in a criminal proceeding during the last five (5) years. Cambridge is not, and during the past five (5) years was not, a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result thereof, subject to any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Mr. John R. Tozzi ("JRT") is the sole shareholder, director and principal of Cambridge. His business address is 600 Montgomery Street, San Francisco, California 94111. JRT's principal occupation is investment management and he is a United States citizen. During the past five (5) years, JRT has not been (a) convicted in a criminal proceeding, or (b) a party to any civil proceeding as a result of which he has been subject to any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws. Page 3 of 10 Pages Item 3. Source and Amount of Funds Cambridge, through Cambridge Energy, L.P. ("CELP"), Cambridge Energy Fund International Ltd. ("CEF") Cambridge Oil & Gas, L.P. ("COG"), Cambridge Oil & Gas International, Ltd. ("COG Int'l"), Palamundo, LDC ("Palamundo"), Quantum Partners, LDC ("QP"), Cambridge Profit Sharing Plan (the "Plan") and Cambridge (collectively, the "Funds"), has invested approximately $134,361,728.12 in Common Stock of the Issuer as described in Item 5 below. CELP, CEF, COG, COG Int'l., Palamundo, QP, the Plan and Cambridge have invested approximately $35,769,023.00, $41,953,815.00, $13,865,308.00, $3,977,200.46, $2,036,892.00, $19,528,755.70, $12,538,200.61 and $4,692,533.35, respectively. The source of these funds was the respective working capital of each of the Funds. JRT may be deemed to have invested directly and indirectly approximately $8,008,392.68. Item 4. Purpose of the Transaction Cambridge has acquired shares of Common Stock reported in Item 5(c) hereof over the last sixty (60) days, and prior thereto, for portfolio investment purposes only, and do not have any present plans or proposals that relate to or would result in any change in the business, policies, management, structure or capitalization of the Issuer. Cambridge reserves the right to acquire, or dispose of, additional securities of the Issuer or any of its securities in the ordinary course of business, to the extent deemed advisable in light of their general investment and trading policies, market conditions or other factors. The Issuer may from time to time contact large shareholders with a view towards discussing the acquisition of their shares. Other than as described above, Cambridge does not have plans or proposals which would result in any of the following: 1) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; 2) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; 3) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; 4) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any vacancies on the board; 5) any material change in the present capitalization or dividend policy of the Issuer; 6) any other material change in the Issuer's business or corporate structure; Page 4 of 10 Pages 7) changes in the Issuer's charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; 8) causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an interdealer quotation system of a registered national securities association; 9) causing a class of securities of the Issuer to become eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or 10) any action similar to any of those enumerated above. Item 5. Interest in Securities of the Issuer (a) Cambridge is the beneficial owner of 3,583,105 shares of Common Stock, or 5.0% shares of the shares outstanding. Of the 3,583,105 shares of Common Stock described above, (i) 1,045,230 are deemed beneficially owned by Cambridge in its capacity as investment advisor for the institutional account of CELP; (ii) 1,020,869 are deemed beneficially owned by Cambridge in its capacity as investment advisor for the institutional account of CEF; (iii) 273,900 are deemed beneficially owned by Cambridge in its capacity as investment advisor for the institutional account of COG; (iv) 66,000 are deemed beneficially owned by Cambridge in its capacity as investment advisor for the institutional account of COG Int'l.; (v) 41,281 are deemed beneficially owned by Cambridge in its capacity as investment advisor for the institutional account of Palamundo; (vi) 316,000 are deemed beneficially owned by Cambridge in its capacity as investment advisor for the institutional account of QP; (vii) 489,300 are deemed beneficially owned by Cambridge in its capacity as investment advisor for the institutional account of the Plan; and (viii) 82,000 are deemed beneficially owned by Cambridge in its capacity as investment advisor for its institutional account. JRT, directly and indirectly, may be deemed the beneficial owner of 248,525 shares of Common Stock or, in the aggregate, 0.3% of the shares outstanding. The number of shares beneficially owned by Cambridge, and the percentage of outstanding shares represented thereby, have been computed in accordance with Rule 13d-3 under the Act. The percentage of ownership of Cambridge on August 15, 1997 is based on 70,994,806 outstanding shares of Common Stock as reported in the Issuer's Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on July 31, 1997. (b) Cambridge has the sole power to vote and dispose of the shares of Common Stock held for the institutional accounts of CELP, CEF, COG, COG Int'l., Palamundo, QP, the Plan and Cambridge mentioned above. JRT has the sole power to vote and dispose of 211,100 shares of Common Stock held by him directly or through a charitable organization established by JRT. JRT has shared power to vote and dispose of the remaining 37,425 of the shares of Common Stock which are owned by JRT's family. Page 5 of 10 Pages (c) The transactions in the Issuer's securities by Cambridge over the last sixty (60) days are listed as Annex A attached hereto and made apart hereof. (d) The Funds, respectively, JRT's charitable organization and JRT's family have the right to participate in the receipt of dividends from, or proceeds from the sale of securities held on behalf of such funds. (e) Not Applicable. Item 6. Contracts, Arrangement, Understandings or Relationships with Respect to Securities of the Issuer Not Applicable. Item 7. Material to be Filed as Exhibits Not Applicable Page 6 of 10 Pages
ENSCO ================================================================================================================================ DATE TRANS SHARES PRICE ACCOUNT (A/D) ($) - -------------------------------------------------------------------------------------------------------------------------------- 06/03/97 A 4,000 51 COG Int'l. - -------------------------------------------------------------------------------------------------------------------------------- 06/17/97 A 29,500 52.1313 CEF - -------------------------------------------------------------------------------------------------------------------------------- 06/17/97 A 4,400 52.0663 CEF - -------------------------------------------------------------------------------------------------------------------------------- 06/17/97 A 30,200 52.1313 CELP - -------------------------------------------------------------------------------------------------------------------------------- 06/17/97 A 5,400 52.0663 CELP - -------------------------------------------------------------------------------------------------------------------------------- 06/17/97 A 100 52.0663 COG Int'l. - -------------------------------------------------------------------------------------------------------------------------------- 06/17/97 A 2,950 52.1313 COG Int'l. - -------------------------------------------------------------------------------------------------------------------------------- 06/17/97 A 500 52.625 JRT* - -------------------------------------------------------------------------------------------------------------------------------- 06/17/97 A 2,950 52.1313 Palamundo - -------------------------------------------------------------------------------------------------------------------------------- 06/17/97 A 100 52.0663 Palamundo - -------------------------------------------------------------------------------------------------------------------------------- 06/20/97 A 9,200 52.5931 CEF - -------------------------------------------------------------------------------------------------------------------------------- 06/20/97 A 9,200 50.875 CEF - -------------------------------------------------------------------------------------------------------------------------------- 06/20/97 A 10,600 52.5931 CELP - -------------------------------------------------------------------------------------------------------------------------------- 06/20/97 A 10,600 50.875 CELP - -------------------------------------------------------------------------------------------------------------------------------- 06/20/97 A 200 50.875 Palamundo - -------------------------------------------------------------------------------------------------------------------------------- 06/20/97 A 200 52.5931 Palamundo - -------------------------------------------------------------------------------------------------------------------------------- 06/23/97 A 9,200 50.3125 CEF - -------------------------------------------------------------------------------------------------------------------------------- 06/23/97 A 10,600 50.3125 CELP - -------------------------------------------------------------------------------------------------------------------------------- 06/23/97 A 200 50.3125 Palamundo - -------------------------------------------------------------------------------------------------------------------------------- 06/27/97 A 10,000 50.8406 CEF - -------------------------------------------------------------------------------------------------------------------------------- 06/27/97 A 10,000 50.9463 CEF - -------------------------------------------------------------------------------------------------------------------------------- 06/27/97 A 14,900 51.4046 CEF - -------------------------------------------------------------------------------------------------------------------------------- 06/27/97 A 14,900 51.4046 CELP - -------------------------------------------------------------------------------------------------------------------------------- 06/27/97 A 10,000 50.9463 CELP - -------------------------------------------------------------------------------------------------------------------------------- 06/27/97 A 10,000 50.8406 CELP - -------------------------------------------------------------------------------------------------------------------------------- 06/27/97 D 200 51.8125 JRT* - --------------------------------------------------------------------------------------------------------------------------------
Page 7 of 10 Pages
- -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 12,000 52 CEF - -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 16,000 52.75 CEF - -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 12,500 52.2857 CEF - -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 33,600 52.3202 CEF - -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 2,200 52.75 CELP - -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 1,600 52.2857 CELP - -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 1,600 52 CELP - -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 4,600 52.3202 CELP - -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 950 52.2857 COG - -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 1,200 52.75 COG - -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 1,000 52 COG - -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 2,500 52.3202 COG - -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 500 52.2857 COG Int'l. - -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 600 52.75 COG Int'l. - -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 1,300 52.3202 COG Int'l. - -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 400 52 COG Int'l. - -------------------------------------------------------------------------------------------------------------------------------- 06/30/97 A 19,450 52.2857 Palamundo - -------------------------------------------------------------------------------------------------------------------------------- 07/03/97 D 4,000 59.2938 Palamundo - -------------------------------------------------------------------------------------------------------------------------------- 07/07/97 A 12,000 59.5 CEF - -------------------------------------------------------------------------------------------------------------------------------- 07/07/97 A 12,250 59.5 CELP - -------------------------------------------------------------------------------------------------------------------------------- 07/07/97 A 250 59.5 COG Int'l. - -------------------------------------------------------------------------------------------------------------------------------- 07/07/97 A 500 59.5 Palamundo - -------------------------------------------------------------------------------------------------------------------------------- 07/08/97 A 20,000 58.2891 CIL - -------------------------------------------------------------------------------------------------------------------------------- 07/08/97 A 5,300 60.0625 COG Int'l. - -------------------------------------------------------------------------------------------------------------------------------- 07/16/97 A 500 64.125 CIL - -------------------------------------------------------------------------------------------------------------------------------- 07/16/97 A 35,000 64.75 CIL - -------------------------------------------------------------------------------------------------------------------------------- 07/29/97 A 11,000 64.5445 CEF - -------------------------------------------------------------------------------------------------------------------------------- 07/29/97 A 31,000 64.5445 COG - --------------------------------------------------------------------------------------------------------------------------------
Page 8 of 10 Pages
- -------------------------------------------------------------------------------------------------------------------------------- 07/29/97 A 43,000 64.5445 QP - -------------------------------------------------------------------------------------------------------------------------------- 07/29/97 A 75,000 60.4002 QP - -------------------------------------------------------------------------------------------------------------------------------- 07/29/97 A 33,000 62.6589 QP - -------------------------------------------------------------------------------------------------------------------------------- 07/29/97 A 75,000 61.8729 QP - -------------------------------------------------------------------------------------------------------------------------------- 07/29/97 A 10,000 61.37 QP - -------------------------------------------------------------------------------------------------------------------------------- 07/29/97 A 80,000 61.2677 QP - -------------------------------------------------------------------------------------------------------------------------------- 08/01/97 A 35,000 66.5552 COG Int'l. - -------------------------------------------------------------------------------------------------------------------------------- 08/04/97 A 5,000 65.6875 COG - -------------------------------------------------------------------------------------------------------------------------------- 08/04/97 A 5,000 65.3338 COG Int'l. - -------------------------------------------------------------------------------------------------------------------------------- 08/05/97 A 5,000 64.3125 CEF - -------------------------------------------------------------------------------------------------------------------------------- 08/13/97 D 300 62.6875 JRT* - -------------------------------------------------------------------------------------------------------------------------------- Subtotal: 811,200 ================================================================================================================================
* These transactions relate to shares held by JRT, his family and a charitable organization established by JRT. Page 9 of 10 Pages Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: September 4, 1997 CAMBRIDGE INVESTMENTS, LTD. By: /s/ Jocelyn E. Weingart --------------------------- Jocelyn E. Weingart, Vice President Page 10 of 10 Pages -----END PRIVACY-ENHANCED MESSAGE-----