-----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, C6ykkq3BUoBPhTnrGFutY5i59u0qFnNgCR5xVliXKtOC7Ij3+IWK/k+FPPxqQEOm nv7bRKsIo4XkUG+5SxZ6lQ== 0001144204-04-000893.txt : 20040204 0001144204-04-000893.hdr.sgml : 20040204 20040204140947 ACCESSION NUMBER: 0001144204-04-000893 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040204 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CRESTVIEW CAPITAL FUND II LP CENTRAL INDEX KEY: 0001191699 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 95 REVERE DRIVE STREET 2: SUITE F CITY: NORTHBROOK STATE: IL ZIP: 60062 BUSINESS PHONE: 8475590060 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PARALLEL PETROLEUM CORP /DE/ CENTRAL INDEX KEY: 0000750561 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 751971716 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-39822 FILM NUMBER: 04566116 BUSINESS ADDRESS: STREET 1: 110 N MARIENFELO STREET 2: SUITE 465 CITY: MIDLAND STATE: TX ZIP: 79701 BUSINESS PHONE: 9156843727 MAIL ADDRESS: STREET 1: 110 N MARIENFELO STREET 2: SUITE 465 CITY: MIDLAND STATE: TX ZIP: 79701 SC 13G 1 sc13g.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------- SCHEDULE 13G (RULE 13d-102) Information Statements pursuant to Rule 13d-1 and 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 ---------- PARALLEL PETROLEUM CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 699157103 - -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2003 - -------------------------------------------------------------------------------- (Date of event which requires filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [x] Rule 13d-1(c) [ ] Rule 13d-1(d) (Continued on following pages) (Page 1 of 4 Pages)
Page 2 of 4 - ------- ----------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Crestview Capital Fund II, LP 36-4475878 - ------- ----------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------- ----------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - ------- ----------------------------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION: Illinois - ------------------------- ---- ------------------------------------------------------------------------------ NUMBER OF SHARES 5. SOLE VOTING POWER BENEFICIALLY OWNED BY 1,323,000 EACH REPORTING PERSON WITH - ------------------------- ---- ------------------------------------------------------------------------------ 6. SHARED VOTING POWER None - ------------------------- ----------------------------------------------------------------------------------- 7. SOLE DISPOSITIVE POWER 1,323,000 - ------------------------- ----------------------------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER None - ------------------------- ----------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,323,000 - -------- ---------------------------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - -------- ---------------------------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.24% - -------- ---------------------------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON: PN - -------- ----------------------------------------------------------------------------------------------------
Page 3 of 4 Item 1(a). Name of Issuer. Parallel Petroleum Corporation Item 1(b). Address of Issuer's Principal Executive Offices. 1004 N. Big Spring, Suite 400 Midland, TX 79701 Item 2(a). Name of Person Filing. Crestview Capital Fund II, L.P. ("Fund II"). Item 2(b). Address of Principal Business Office, or if none, Residence. 95 Revere Drive, Suite F Northbrook, IL 60062 Item 2(c). Citizenship. Illinois Item 2(d). Title of Class of Securities. Common Stock, $.01 par value per share (the "Common Stock") Item 2(e). CUSIP Number. 699157103 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b), check whether the person filing is a: Not applicable. Item 4. Ownership. (i) The aggregate amount of Common Stock beneficially owned by Fund II is 1,323,000 shares. (ii) The aggregate percentage of the Common Stock beneficially owned by Fund II is approximately 5.24%. (iii) The aggregate number of shares of Common Stock which Fund II has sole power to vote or direct the vote of is 1,323,000. (iv) The aggregate number of shares of Common Stock which Fund II has sole power to dispose or to direct the disposition of is 1,323,000. Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction which could have that purpose or effect. Page 4 of 4 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. Date: February 3, 2004 CRESTVIEW CAPITAL FUND II, L.P. By: Kingsport Capital Partners, LLC, Its General Partner By: /s/ Stewart Flink ---------------------------------- Name: Stewart Flink Title: Managing Partner -----END PRIVACY-ENHANCED MESSAGE-----