-----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, VomnEvHlnDPvnVq6dbf399RHPOkMYH4hlenWRc1b+ahz9OzI4FUrshSx9tNvQ1PT DmdWLtTQxkjjaNZGMzhi+g== 0000932440-98-000329.txt : 19981211 0000932440-98-000329.hdr.sgml : 19981211 ACCESSION NUMBER: 0000932440-98-000329 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981210 GROUP MEMBERS: FOREST INVESTMENT MANAGEMENT LLC /ADV GROUP MEMBERS: FOUNDERS FINANCIAL GROUP, L.P. GROUP MEMBERS: MICHAEL A. BOYD GROUP MEMBERS: MICHAEL A. BOYD, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RANGE RESOURCES CORP CENTRAL INDEX KEY: 0000315852 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 341312571 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-33669 FILM NUMBER: 98767731 BUSINESS ADDRESS: STREET 1: 500 THROCKMORTON ST CITY: FORTH WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 8178702601 MAIL ADDRESS: STREET 1: 1160 SUNNYSIDE STREET 2: 1160 SUNNYSIDE CITY: HARTVILLE STATE: OH ZIP: 44632 FORMER COMPANY: FORMER CONFORMED NAME: LOMAK PETROLEUM INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FOREST INVESTMENT MANAGEMENT LLC /ADV CENTRAL INDEX KEY: 0000895984 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 53 FOREST AVE CITY: OLD GREENWICH STATE: CT ZIP: 06870 BUSINESS PHONE: 2036377773 MAIL ADDRESS: STREET 1: 53 FOREST AVENUE CITY: OLD GREENWICH STATE: CT ZIP: 06870 FORMER COMPANY: FORMER CONFORMED NAME: FOREST INVESTMENT MANAGEMENT LLC /ADV DATE OF NAME CHANGE: 19980217 SC 13D 1 SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------------ SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. __)(1) RANGE RESOURCES CORPORATION (Name of Issuer) $2.03 Series C Convertible Preferred Stock (Title of Class of Securities) 541509402 (CUSIP Number) Jay R. Schifferli, Esq. Kelley Drye & Warren LLP Two Stamford Plaza 281 Tresser Boulevard Stamford, CT 06901-3229 (203) 324-1400 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 18, 1998 (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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box |X| Note. Schedules filed in paper format shall include a signed original and five copies of the Schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 8 Pages) ------------------------ - ----------------- (1) 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 (the "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). - ------------- ------------------------------------------------------------------ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Forest Investment Management LLC - ------------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_| (b)|_| - ------------- ------------------------------------------------------------------ 3 SEC USE ONLY - ------------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS* WC - ------------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) - ------------- ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------- ------------------------------------------------------------------ NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY 238,700 EACH REPORTING PERSON WITH ----------- -------------------------------------- 8 SHARED VOTING POWER Zero ----------- -------------------------------------- 9 SOLE DISPOSITIVE POWER 238,700 ----------- -------------------------------------- 10 SHARED DISPOSITIVE POWER Zero - ------------- ------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 238,700 - ------------- ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW |_| (11) EXCLUDES CERTAIN SHARES* - ------------- ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 20.8% - ------------- ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IA - ------------- ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Founders Financial Group, L.P. - ------------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - ------------- ------------------------------------------------------------------ 3 SEC USE ONLY - ------------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS* Not Applicable - ------------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) - ------------- ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------- ----------- -------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY 238,700 EACH REPORTING PERSON WITH - ----------------------------- ----------- -------------------------------------- 8 SHARED VOTING POWER Zero - ----------------------------- ----------- -------------------------------------- 9 SOLE DISPOSITIVE POWER 238,700 - ----------------------------- ----------- -------------------------------------- 10 SHARED DISPOSITIVE POWER Zero - ------------- ------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 238,700 - ------------- ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW |_| (11) EXCLUDES CERTAIN SHARES* - ------------- ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 20.8% - ------------- ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* PN - ------------- ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 1 Michael A. Boyd, Inc. - ------------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - ------------- ------------------------------------------------------------------ 3 SEC USE ONLY - ------------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS* Not Applicable - ------------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) - ------------- ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut - ------------- ------------------------------------------------------------------ NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY 238,700 EACH REPORTING PERSON WITH ----------- -------------------------------------- 8 SHARED VOTING POWER Zero ----------- -------------------------------------- 9 SOLE DISPOSITIVE POWER 238,700 ----------- -------------------------------------- 10 SHARED DISPOSITIVE POWER Zero - ------------- ------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 238,700 - ------------- ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW |_| (11) EXCLUDES CERTAIN SHARES* - ------------- ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 20.8% - ------------- ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* CO - ------------- ------------------------------------------------------------------ - ------------- ------------------------------------------------------------------ NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 1 Michael A. Boyd - ------------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - ------------- ------------------------------------------------------------------ 3 SEC USE ONLY - ------------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS* Not Applicable - ------------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) - ------------- ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------- ------------------------------------------------------------------ NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY 238,700 EACH REPORTING PERSON WITH ----------- -------------------------------------- 8 SHARED VOTING POWER Zero ----------- -------------------------------------- 9 SOLE DISPOSITIVE POWER 238,700 ----------- -------------------------------------- 10 SHARED DISPOSITIVE POWER Zero - ------------- ------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 238,700 - ------------- ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW |_| (11) EXCLUDES CERTAIN SHARES* - ------------- ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 20.8% - ------------- ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN - ------------- ------------------------------------------------------------------ Item 1. Security and Issuer This statement on Schedule 13D relates to the $2.03 Series C Convertible Preferred stock (the "Preferred Stock") of Range Resources Corporation ("RRC"). RRC's principal executive office is located at 500 Throckmorton Street, Fort Worth, Texas 76102. Item 2. Identity and Background (a) This statement is filed by the following persons: (i) Forest Investment Management LLC, an Investment Advisor registered under the Investment Advisors Act of 1940, as amended, and a Delaware limited liability company ("Forest"), (ii) Founders Financial Group L.P., a Delaware limited partnership ("Founders"), in its capacity as the owner of a controlling interest in Forest, (iii) Michael A. Boyd, Inc., a Connecticut corporation ("MAB, Inc."), in its capacity as the general partner of Founders and (iv) Michael A. Boyd ("Mr. Boyd"), in his capacity as the sole director and shareholder of MAB, Inc. (collectively, the "Filing Parties"). (b) The address of the principal business and principal office of each of the Filing Parties is 53 Forest Avenue, Old Greenwich, Connecticut 06870. (c) The principal business of Forest is that of an investment manager. The principal business of Founders is acting as general partner of Forest and other financial services businesses. The principal business of MAB, Inc. is acting as general partner of Founders. (d) None of the Filing Parties has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) None of the Filing Parties has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to 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 violation with respect to such laws. (f) Mr. Boyd is a United States citizen. Item 3. Source and Amount of Funds or Other Consideration. The source of funds used to purchase the shares of Preferred Stock set forth in the response to Item 5(c) below (the "Shares") was working capital. The amount of such funds was $1,189,375. Item 4. Purpose of Transaction. The Shares were acquired in the ordinary course of business and will be held for investment purposes. The Filing Parties intend to review their investment in RRC on a continuing basis and, depending upon price and availability of securities of RRC, subsequent developments affecting RRC, RRC's business and prospects, general stock market and economic conditions, tax considerations and other factors deemed relevant, may decide to increase or decrease the size of their investment in RRC. Item 5. Interest in Securities of the Issuer. (a) As of December 1, 1998, the Filing Parties beneficially owned an aggregate amount of 238,700 shares of Preferred Stock. Based upon the most recently available information provided by RRC, an aggregate of 1,150,000 shares of Preferred Stock are outstanding. Accordingly, the Filing Parties beneficially own approximately 20.8% of the outstanding Preferred Stock. (b) Forest has the power to vote and the power to dispose of the shares of Preferred Stock it owns and due to Forest's relationship with Founders, MAB, Inc. and Mr. Boyd, founders, MAB, Inc. and Mr. Boyd have the power to cause Forest to exercise or refrain from exercising such powers. (c) Transactions by the Filing Parties, consisting solely of transactions of Forest effected through broker transactions, in the Preferred Stock during the 60 days prior to the date of this Schedule 13D were as follows:
Transaction Type Date Amount of Securities Price per Share ---------------- ---- -------------------- --------------- Purchase 10/14/98 1,500 21.6250 Purchase 10/14/98 26,400 21.6250 Purchase 10/14/98 2,300 21.6250 Purchase 10/14/98 1,100 21.6250 Purchase 10/14/98 23,700 21.6250 Sale 10/15/98 1,100 18.5000 Sale 10/15/98 200 18.5000 Sale 10/15/98 1,100 18.5000 Sale 10/15/98 100 18.5000 Sale 11/18/98 1,100 20.6340
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None. Item 7. Material to be Filed as Exhibits. None. SIGNATURE 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: December 10, 1998 FOREST INVESTMENT MANAGEMENT LLC By: /s/ Michael A. Boyd Michael A. Boyd, Chairman Dated: December 10, 1998 FOUNDERS FINANCIAL GROUP, L.P. By: /s/ Michael A. Boyd Michael A. Boyd, Chairman Dated: December 10, 1998 MICHAEL A. BOYD, INC. By: /s/ Michael A. Boyd Name: Michael A. Boyd Title: President Dated: December 10, 1998 MICHAEL A. BOYD By: /s/ Michael A. Boyd Name:Michael A. Boyd -----END PRIVACY-ENHANCED MESSAGE-----