-----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, RBxICx3CSJWL3wv1FnL41FwEpwJKYpmlRbbdHoGPsBahYsUUmY2B8Lz+nzbhwNfV Rsv6B4pZ1OkFQe18Brj8ow== 0000950129-98-004612.txt : 19981113 0000950129-98-004612.hdr.sgml : 19981113 ACCESSION NUMBER: 0000950129-98-004612 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19981112 GROUP MEMBERS: FRANK CAPSTICK GROUP MEMBERS: KRISTIAN SIEM GROUP MEMBERS: SIEM DRILLING LTD GROUP MEMBERS: SIEM INDUSTRIES INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GREY WOLF INC CENTRAL INDEX KEY: 0000320186 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 742144774 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-33055 FILM NUMBER: 98744807 BUSINESS ADDRESS: STREET 1: 10370 RICHMOND AVE STREET 2: SUITE 700 CITY: HOUSTON STATE: TX ZIP: 77042-4136 BUSINESS PHONE: 7138740202 MAIL ADDRESS: STREET 1: 10370 RICHMOND AVENUE STREET 2: SUITE 700 CITY: HOUSTON STATE: TX ZIP: 77042-4136 FORMER COMPANY: FORMER CONFORMED NAME: DI INDUSTRIES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DRILLERS INC DATE OF NAME CHANGE: 19870519 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SIEM DRILLING LTD CENTRAL INDEX KEY: 0001073369 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 980116029 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: P O BOX HM 429 STREET 2: HAMILTON COUNTRY BERMUDA HM BX BUSINESS PHONE: 4412932058 MAIL ADDRESS: STREET 1: P O BOX HM 429 STREET 2: HAMILTON COUNTRY BERMUDA HM BX SC 13D/A 1 SIEM DRILLING LTD. FOR GREY WOLF, INC. 1 ------------------------------ OMB APPROVAL ------------------------------ OMB Number 3235-0145 Expires: August 31, 1991 Estimated average burden hours per response .....14.90 ------------------------------ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D 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___)* GREY WOLF, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, Par Value $0.10 Per Share - -------------------------------------------------------------------------------- (Title of Class of Securities) 397888-10-8 - -------------------------------------------------------------------------------- (CUSIP Number) c/o Frank Capstick, Siem Drilling Ltd. P.O. Box HM 429, Hamilton HM BX, Bermuda - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) 4 November 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 [_]. 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. * 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 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). 2 CUSIP No. 397888-10-8 13D Page 2 of 8 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SIEM DRILLING LTD. (Formerly, Norex Drilling Ltd.) ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS* ________________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION BERMUDA ________________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF --- SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY 3,499,205 OWNED BY _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING --- PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 3,499,205 ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,499,205 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* CO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! 3 CUSIP No. 397888-10-8 13D Page 3 of 8 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SIEM INDUSTRIES INC. (Formerly, Norex Industries Inc.) ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS* ________________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION CAYMAN ISLANDS, BRITISH WEST INDIES ________________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF --- SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY 3,499,205 OWNED BY _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING --- PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 3,499,205 ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,499,205 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* CO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! 4 CUSIP No. 397888-10-8 13D Page 4 of 8 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) KRISTIAN SIEM ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS* ________________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION NORWAY ________________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF --- SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY 3,499,205 OWNED BY _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING --- PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 3,499,205 ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,499,205 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! 5 CUSIP No. 397888-10-8 13D Page 5 of 8 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) FRANK CAPSTICK ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS* ________________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION BERMUDA ________________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF --- SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY 3,499,205 OWNED BY _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING --- PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 3,499,205 ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,499,205 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! 6 ITEM 1. SECURITY AND ISSUER. This Statement relates to the common stock, $0.10 par value per share (the "Common Stock"), of Grey Wolf, Inc., a Texas corporation, whose principal offices are located at 10370 Richmond Avenue, Suite 600, Houston, Texas 77042 (the "Company"). ITEM 2. IDENTITY AND BACKGROUND. The reporting persons include Norex Drilling Ltd. which changed its name to Siem Drilling Ltd. in June 1998 ("SDL"), Norex Industries Inc. which changed its name to Siem Industries Inc. in May 1998 ("SIM"), Kristian Siem, an individual ("Siem"), and Frank Capstick, an individual ("Capstick") (collectively, the "Reporting Persons"). SDL is a Bermuda corporation whose principal business consists of investments made in various oil and gas companies in accordance with the instructions received from SIM, its sole shareholder. The address of the principal business and office of SDL is Cedar House, 41 Cedar Avenue, Hamilton, HM-12, Bermuda. The directors and executive officers of SDL are listed in Exhibit A attached hereto. SIM is considered the control person of SDL. SIM, a Cayman Islands company, is an industrial holding company with investments in autonomous subsidiaries engaged in the international offshore oil and gas drilling and service industries, the onshore oil and gas drilling industry and the cruise industry. SIM is a public company traded on the Oslo Stock Exchange (OSE Symbol: SIM). SIM is the sole shareholder of SDL capital stock. The address of the office in the Cayman Islands is c/o Maples and Calder, South Church Street, Grand Cayman, Cayman Islands, British West Indies and the mailing address of the principal business and executive office in Bermuda is P.O. Box HM429, Hamilton, HM BX, Bermuda. The directors and executive officers of SIM are listed in Exhibit A attached hereto. Other control persons may be deemed to include Siem and Capstick. Siem, the chairman of the board and vice-president of NDL and the chairman of the board and chief executive officer of NXA, is a natural person who lives at 30 Hyde Park Gate, London, England. Siem's principal occupation is chairman and chief executive officer of NXA. Siem is a citizen of Norway. Capstick, a director and president of NDL and a director and president of NXA, is a natural person who lives at 11 Grove, Townhill Road, Smiths Parish, Bermuda. Capstick's principal occupation is president of NDL and NXA. Capstick is a citizen of Bermuda. ITEM 4. PURPOSE OF TRANSACTION. SDL sold 10,000,000 shares of Common Stock in a block trade arranged by Jefferies & Company, Inc. for settlement 4 November 1998 for USD1.19 per share which approximated the closing market price on the trade date. Further, SDL has sold an additional 1,427,400 shares of Common Stock in various broker transactions at market prices commencing 1 September 1998. The purpose of the transaction was to generate -6- 7 working capital for other transactions contemplated by the SIM. Earlier attempts to establish a bank line of credit by pledging the Common Shares as collateral were not successful since the market price was below a minimum required market price of USD5.00 per share. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Following the settlement of the above transaction, SDL's holdings were reduced to 3,499,205 shares of Common Stock, or approximately 2.1% of the outstanding shares. Other than the sales of Common Stock mentioned in this Item 5, no Reporting Persons nor to their knowledge, any of the persons named in Exhibit A hereto has effected any transactions in shares of Common Stock during the preceding sixty days. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit A: Directors and Executive Officers of SDL and SIM -7- 8 SIGNATURES After reasonable inquiry and to the best extent of my knowledge and belief, I certify that the information set forth above is true, complete and correct. Dated: 13 November 1998 SIEM DRILLING LTD. --------------------------- By: /s/ Frank Capstick ---------------------------- Frank Capstick, President Dated: 13 November 1998 SIEM INDUSTRIES INC. --------------------------- By: /s/ Frank Capstick ---------------------------- Frank Capstick, President Dated: 13 November 1998 /s/ Kristian Siem --------------------------- ------------------------------- Kristian Siem, Individually Dated: 13 November 1998 /s/ Frank Capstick --------------------------- ------------------------------- Frank Capstick, Individually -8- 9 EXHIBIT INDEX Exhibit A: Directors and Executive Officers of SDL and SIM EX-99.A 2 DIRECTORS AND EXEC. OFFICERS OF SDL AND SIM 1 Exhibit A DIRECTORS AND EXECUTIVE OFFICERS
Name and Business Address Citizenship Position and Occupation - ------------------------- ----------- ----------------------- Kristian Siem Norway Chairman and Chief Executive Officer The Hopemount Shipping Co. Ltd. of Siem Industries Inc., Chairman and 1 Derry Street Vice-President of Siem Drilling Ltd., London W8X 5NN England Chairman of the Boards of Det Sondenfjelds-Norske Dampskibsselskab ASA, NCL Holding ASA and Norwegian Cruise Line Limited and a director on the boards of Transocean Offshore Inc., Invesco Blue Chip Trust plc, Lambert Fenchurch Group Plc and Ivar Holdings ASA. Frank Capstick Bermuda Director and President of Siem Cedar House Industries Inc. and Director and 41 Cedar Avenue President of Siem Drilling Ltd. Hamilton, HM-12, Bermuda Douglas Molyneux Bermuda Director of Siem Drilling Ltd.; Appleby, Spurling & Kempe attorney and barrister, Appleby, Cedar House Spurling & Kempe. 41 Cedar Avenue Hamilton, HM EX, Bermuda Thor Jorgensen Norway Director of Siem Industries Inc. and Managing Director of Siem Offshore AS. M.D. Moross U.K. Director of Siem Industries Inc. and a 7 Prince's Gate private investor. Mr. Moross is the London SW7 1QL England father-in-law of Kristian Siem. Barry W. Ridings U.S. Director of Siem Industries Inc., BT Alex. Brown Incorporated Managing Director of BT Alex. Brown 1290 Avenue of Americas Incorporated and a director on the 10th Floor boards of Transcor Waste Services New York, New York 10104 Inc., SubMicron Systems Corporation, Noodle Kidoodle, Inc., New Valley Corporation and Telemundo Group, Inc., Search Financial Services, Inc.
A-1 2 DIRECTORS AND EXECUTIVE OFFICERS, CONT'D
Name and Business Address Citizenship Position and Occupation - ------------------------- ----------- ----------------------- Carol Summers Bermuda Secretary of Siem Drilling Ltd. Cedar House 41 Cedar Avenue Hamilton, HM EX, Bermuda Michael Delouche U.S. Treasurer of Siem Drilling Ltd. and 801 Travis Street, Suite 2100 Secretary and Controller of Siem Houston, Texas 77002 Industries Inc.
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