AMENDMENT NO. 5 TO SCHEDULE 13D

0000950123-05-004363.txt : 20050412 0000950123-05-004363.hdr.sgml : 20050412 20050412111040 ACCESSION NUMBER: 0000950123-05-004363 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20050412 DATE AS OF CHANGE: 20050412 GROUP MEMBERS: LOUIS DREYFUS CORPORATION GROUP MEMBERS: LOUIS DREYFUS HOLDING COMPANY INC FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: S A LOUIS DREYFUS ET CIE ET AL CENTRAL INDEX KEY: 0000933543 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 87 AVENUE DE LA GRANDE ARMEE 75782 CITY: PARIS STATE: I0 ZIP: 00000 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRANSMONTAIGNE INC CENTRAL INDEX KEY: 0000755199 STANDARD INDUSTRIAL CLASSIFICATION: PIPE LINES (NO NATURAL GAS) [4610] IRS NUMBER: 061052062 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-36106 FILM NUMBER: 05745414 BUSINESS ADDRESS: STREET 1: 1670 BROADWAY STREET 2: SUITE 3100 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3036268200 MAIL ADDRESS: STREET 1: P O BOX 5660 STREET 2: SUITE 3100 CITY: DENVER STATE: CO ZIP: 80217-5660 FORMER COMPANY: FORMER CONFORMED NAME: TRANSMONTAIGNE OIL CO DATE OF NAME CHANGE: 19960724 FORMER COMPANY: FORMER CONFORMED NAME: SHEFFIELD EXPLORATION CO INC DATE OF NAME CHANGE: 19920703 SC 13D/A 1 y07738sc13dza.htm AMENDMENT NO. 5 TO SCHEDULE 13D AMENDMENT NO. 5 TO SCHEDULE 13D

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 5)*

TransMontaigne Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

89393410

(CUSIP Number)

Christopher Caperton, Esq., Senior Vice President, Louis Dreyfus Holding Company Inc.
20 Westport Road, P.O. Box 810, Wilton, CT 06897-0810, (203) 761-8392

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

April 7, 2005

(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 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).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

CUSIP No. 89393410 Page 2 of 14

1. Name of Reporting Person:
Louis Dreyfus S.A.S. (formerly S.A. Louis Dreyfus et Cie.) I.R.S. Identification Nos. of above persons (entities only):

2. Check the Appropriate Box if a Member of a Group (See Instructions): Not Applicable

(a) o

(b) o

3. SEC Use Only:

4. Source of Funds (See Instructions):
OO/AF

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

6. Citizenship or Place of Organization:
France

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

7. Sole Voting Power:
None

8. Shared Voting Power:
2,751,480 shares

9. Sole Dispositive Power:
None

10. Shared Dispositive Power:
2,751,480 shares

11. Aggregate Amount Beneficially Owned by Each Reporting Person:
2,751,480 shares

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): Not Applicable
o

13. Percent of Class Represented by Amount in Row (11):
6.6%

14. Type of Reporting Person (See Instructions):
CO

CUSIP No. 89393410 Page 3 of 14

1. Name of Reporting Person:
Louis Dreyfus Holding Company Inc. I.R.S. Identification Nos. of above persons (entities only):
13-2884817

2. Check the Appropriate Box if a Member of a Group (See Instructions): Not Applicable

(a) o

(b) o

3. SEC Use Only:

4. Source of Funds (See Instructions):
OO/AF

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

6. Citizenship or Place of Organization:
Delaware

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

7. Sole Voting Power:
None

8. Shared Voting Power:
2,751,480 shares

9. Sole Dispositive Power:
None

10. Shared Dispositive Power:
2,751,480 shares

11. Aggregate Amount Beneficially Owned by Each Reporting Person:
2,751,480 shares

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): Not Applicable
o

13. Percent of Class Represented by Amount in Row (11):
6.6%

14. Type of Reporting Person (See Instructions):
CO

CUSIP No. 89393410 Page 4 of 14

1. Name of Reporting Person:
Louis Dreyfus Corporation I.R.S. Identification Nos. of above persons (entities only):
13-5204055

2. Check the Appropriate Box if a Member of a Group (See Instructions): Not Applicable

(a) o

(b) o

3. SEC Use Only:

4. Source of Funds (See Instructions):
OO

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

6. Citizenship or Place of Organization:
Delaware

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

7. Sole Voting Power:
None

8. Shared Voting Power:
2,751,480 shares

9. Sole Dispositive Power:
None

10. Shared Dispositive Power:
2,751,480 shares

11. Aggregate Amount Beneficially Owned by Each Reporting Person:
2,751,480 shares

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): Not Applicable
o

13. Percent of Class Represented by Amount in Row (11):
6.6%

14. Type of Reporting Person (See Instructions):
CO

This Amendment No. 5 to Schedule 13D is filed by Louis Dreyfus S.A.S. (formerly S. A. Louis Dreyfus et Cie.), a corporation organized under the laws of France (“LDSAS”), Louis Dreyfus Holding Company Inc., a Delaware corporation (“LDHC”), and Louis Dreyfus Corporation, a Delaware corporation (“LDC” and together with LDSAS and LDHC, the “Louis Dreyfus Group”) relating to the Common Stock, par value $.01 per share (the “Common Stock”), of TransMontaigne Inc., a Delaware corporation (the “Issuer”), and should be read in conjunction with the Schedule 13D filed November 6, 1998, as amended by Amendment No. 3, filed on March 21, 2005 and Amendment No. 4, filed on April 6, 2005, and other previously filed Amendments (as so amended and restated, the “Schedule 13D”).

Capitalized terms used herein but not defined herein have the meanings assigned to them in the Schedule 13D.

Item 4. Purpose of Transaction

Item 4 is hereby amended and restated as follows:

LDC and LDHC acquired an aggregate 4,500,000 shares of the Common Stock as partial consideration of LDC’s sale of the LDEC Shares to the Issuer. Pursuant to the Stock Purchase Agreement, the Issuer agreed, for so long as LDC and its affiliates maintain an equity ownership interest in the Issuer equal to or greater than 10% of the outstanding shares of the Common Stock, to use its reasonable best efforts to nominate to the Board of Directors of the Issuer (the “Board of Directors”) a person designated by LDC who is reasonably acceptable to the Board of Directors. Peter B. Griffin, President of LDC, who was so designated by LDC and appointed to the Board of Directors, resigned from the Board of Directors effective January 28, 2004 and LDC has not requested that a person designated by LDC be nominated to the Board of Directors as his successor.

In Amendment No. 3 to the Schedule 13D, the Louis Dreyfus Group stated that it was in the process of reexamining its investment in the Issuer, and depending on market considerations and other factors, might sell any or all of its shares of Common Stock, if appropriate opportunities to do so are available, on such terms and at such time as it considers advisable.

Further to the foregoing the Louis Dreyfus Group, from March 30, 2005 through April 1, 2005, sold an aggregate of 1,045,100 shares of Common Stock. As a result, since LDC no longer maintained an equity ownership interest in the Issuer equal to or greater than 10% of the outstanding shares of the Common Stock, LDC no longer had the right to cause the Issuer to use its reasonable best efforts to nominate to the Board of Directors a person designated by LDC who is reasonably acceptable to the Board of Directors. From April 5, 2005 through April 7, 2005, the Louis Dreyfus Group sold an aggregate of 554,500 shares of Common Stock. As a result, LDC has disposed of more than 1% of the outstanding shares of Common Stock.

The statement in Amendment No. 3 to the Schedule 13D referred to above, remains true as to the remaining shares of the Common Stock held by the Louis Dreyfus Group.

Subject to the foregoing, none of LDSAS, LDHC, or LDC has any present plans or proposals which relate to or would result in:

(a) The acquisition by any person of additional securities of the Issuer;

(b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;

(d) 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 existing vacancies on the board;

(e) Any material change in the present capitalization or dividend policy of the Issuer;

(f) Any other material change in the Issuer’s business or corporate structure;

(g) Changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person;

(h) 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 inter-dealer quotation system of a registered national securities association;

(i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or

(j) Any action similar to any of those enumerated above.

Item 5. Interest in Securities of the Issuer

The first paragraph of Paragraph (a) of Item 5 is hereby amended and restated, in part, as follows:

(a) As of the date hereof and subject to the arrangements described in Item 6 below, LDC is the direct beneficial owner of 2,751,480 shares of the Common Stock, representing approximately 6.6% of the 41,565,640 issued and outstanding shares of the Common Stock as of February 28, 2005, as reported by Issuer. LDHC is the indirect beneficial owner of such 2,751,480 shares, representing approximately 6.6% of the issued and outstanding shares of the Common Stock. LDSAS is the indirect beneficial owner of the 2,751,480 shares of the Common Stock beneficially owned by LDHC, representing approximately 6.6% of the issued and outstanding shares of the Common Stock.

LDC effected the following dispositions of Common Stock, since the filing of Schedule 13D Amendment No. 4, in open market transactions on the dates indicated:


Date of Transaction	Amount Of Shares Disposed Of		Price
April 5, 2005		57,500	$	8.05
April 6, 2005		15,000	$	8.00
April 7, 2005		232,000	$	8.06
April 7, 2005		250,000	$	8.00

The foregoing transactions are the only transactions conducted since the transactions listed in Schedule 13D Amendment No. 4 filed April 6, 2005.

Item 7. Material to be Filed as Exhibits

1. Written Agreement of LDSAS, LDHC and LDC relating to the filing of this Amendment as required by Rule 13d-l(k).

Signature

     After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, correct and complete.

Louis Dreyfus S.A.S.

April 11, 2005 By:   /s/ Gerard Louis-Dreyfus
Name:   Gerard Louis-Dreyfus
Title:   Chairman/President

Louis Dreyfus Holding Company Inc.

April 11, 2005 By:   /s/ Christopher Caperton
Name:   Christopher Caperton
Title:   Senior Vice President

Louis Dreyfus Corporation

April 11, 2005 By:   /s/ Peter B. Griffin
Name:   Peter B. Griffin
Title:   President

Annex A

LOUIS DREYFUS S.A.S. (FORMERLY S.A. LOUIS DREYFUS ET CIE.) (“LDSAS”)


Name and Business Address
(all business addresses are:
Louis Dreyfus S.A.S.
87 Avenue de la Grande Armée	Present Principal
75782 Paris, France	Occupation or
unless otherwise indicated)	Employment	Citizenship
DIRECTORS

Gerard Louis-Dreyfus Louis Dreyfus Holding Company Inc. 200 Park Avenue, 33d Floor New York, New York 10166	Chairman/President of LDSAS	U.S.A.

Bernard Baldensperger	Directeur Général of LDSAS	France

Pierre Louis-Dreyfus	Directeur Général of LDSAS	France

Philippe Louis-Dreyfus	Directeur Général of LDSAS	France

Marie-Jeanne Meyer	Directeur Général of LDSAS	France

Bernard Laferrière	Directeur Général Adjoint of LDSAS	France

Georges Gateff	Directeur Central of LDSAS	France

Ernest F. Steiner
Louis Dreyfus Holding Company Inc. 200 Park Avenue, 33d Floor New York, New York 10166	Chief Financial Officer of Groupe Louis Dreyfus	U.S.A.

EXECUTIVE OFFICERS
(who are not Directors)

Patrik d’Aymery	Directeur Général Adjoint / Directeur Financier of LDSAS	France

Annex B

LOUIS DREYFUS HOLDING COMPANY INC. (“LDHC”)


Name and Business Address (all
business addresses are:
Louis Dreyfus Holding
Company Inc.
20 Westport Road
P.O. Box 810	Present Principal
Wilton, Connecticut 06897	Occupation or
unless otherwise indicated)	Employment	Citizenship
DIRECTORS

Gerard Louis-Dreyfus^*

Jeffrey R. Gilman	Senior Vice President of LDHC	U.S.A.

Peter B. Griffin Louis Dreyfus Corporation 20 Westport Road P.O. Box 810 Wilton, Connecticut 06897-0810	President of LDC	U.S.A.

Ernest F. Steiner^*

EXECUTIVE OFFICERS
(who are not Directors)

Robert L. Aiken	Vice President of LDHC	U.S.A.

Christopher Caperton	Senior Vice President of LDHC	U.S.A.

Andrew J. Connelly	Vice President of LDHC	U.S.A.

Richard D. Gray	Vice President and Treasurer of LDHC	U.S.A.

Deborah J. Neff Louis Dreyfus Corporation 20 Westport Road P.O. Box 810 Wilton, Connecticut 06897-0810	Senior Vice President of LDC	U.S.A.

^* Individual’s business address, present principal occupation and citizenship are set forth in Annex A (LDSAS).


Hal Wolkin Louis Dreyfus Corporation 20 Westport Road P.O. Box 810 Wilton, Connecticut 06897-0810		Senior Vice President of LDC		U.S.A.

Annex C

LOUIS DREYFUS CORPORATION (“LDC”)


Name and Business Address (all
business addresses are:
Louis Dreyfus Corporation
20 Westport Road
P.O. Box 810	Present Principal
Wilton, Connecticut 06897-0810	Occupation or
unless otherwise indicated)	Employment	Citizenship
DIRECTORS

Gerard Louis-Dreyfus^*

Robert L. Aiken^**

Jeffrey R. Gilman^**

Peter B. Griffin^**

Joseph Nicosia	Executive Vice President and Chairman of Allenberg Cotton Division of LDC	U.S.A.

EXECUTIVE OFFICERS (who are not Directors)

Ernest F. Steiner^*

		^* Individual’s business address, present principal occupation and citizenship are set forth in Annex A (LDSAS).

		^** Individual’s business address, present principal occupation and citizenship are set forth in Annex B (LDHC).


Paul D. Addis	Executive Vice President of LDC	U.S.A.

Peter T. Bafitis	Senior Vice President of LDC	U.S.A.

Lawrence Greenhall	Senior Vice President of LDC	U.S.A.

William C. Kreussling	Senior Vice President of LDC	U.S.A.

Gary Lubben	Senior Vice President of LDC	U.S.A.

Peter Mann	Senior Vice President of LDC	U.S.A.

Deborah J. Neff^**

Clifford L. Wald	Senior Vice President of LDC	U.S.A.

Hal Wolkin^**

^** Individual’s business address, present principal occupation and citizenship are set forth in Annex B (LDHC).

EX-99.1 2 y07738exv99w1.htm WRITTEN AGREEMENT OF LDSAS, LDHC AND LDC EX-99.1

Exhibit 1

The undersigned agree that the foregoing Amendment No. 5 dated April 7, 2005, to the Schedule 13D filed November 6, 1998, as amended and restated by previously filed Amendments, is being filed with the Securities and Exchange Commission on behalf of each of Louis Dreyfus S.A.S., a corporation organized under the laws of France, Louis Dreyfus Holding Company Inc., a Delaware corporation, and Louis Dreyfus Corporation, a Delaware corporation.

Dated:

Louis Dreyfus S.A.S.

April 11, 2005 By:   /s/ Gerard Louis-Dreyfus
Name:   Gerard Louis-Dreyfus
Title:   Chairman/President

Louis Dreyfus Holding Company Inc.

April 11, 2005 By:   /s/ Christopher Caperton
Name:   Christopher Caperton
Title:   Senior Vice President

Louis Dreyfus Corporation

April 11, 2005 By:   /s/ Peter B. Griffin
Name:   Peter B. Griffin
Title:   President


CUSIP No. 89393410					Page 2 of 14

	1.	Name of Reporting Person: Louis Dreyfus S.A.S. (formerly S.A. Louis Dreyfus et Cie.)			I.R.S. Identification Nos. of above persons (entities only):

	2.	Check the Appropriate Box if a Member of a Group (See Instructions): Not Applicable
		(a)	o
		(b)	o

	3.	SEC Use Only:

	4.	Source of Funds (See Instructions): OO/AF

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

	6.	Citizenship or Place of Organization: France

Number of Shares Beneficially Owned by Each Reporting Person With
			7.	Sole Voting Power: None

			8.	Shared Voting Power: 2,751,480 shares

			9.	Sole Dispositive Power: None

			10.	Shared Dispositive Power: 2,751,480 shares

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person: 2,751,480 shares

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): Not Applicable o

	13.	Percent of Class Represented by Amount in Row (11): 6.6%

	14.	Type of Reporting Person (See Instructions): CO


CUSIP No. 89393410					Page 3 of 14

	1.	Name of Reporting Person: Louis Dreyfus Holding Company Inc.			I.R.S. Identification Nos. of above persons (entities only): 13-2884817

	2.	Check the Appropriate Box if a Member of a Group (See Instructions): Not Applicable
		(a)	o
		(b)	o

	3.	SEC Use Only:

	4.	Source of Funds (See Instructions): OO/AF

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

	6.	Citizenship or Place of Organization: Delaware

Number of Shares Beneficially Owned by Each Reporting Person With
			7.	Sole Voting Power: None

			8.	Shared Voting Power: 2,751,480 shares

			9.	Sole Dispositive Power: None

			10.	Shared Dispositive Power: 2,751,480 shares

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person: 2,751,480 shares

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): Not Applicable o

	13.	Percent of Class Represented by Amount in Row (11): 6.6%

	14.	Type of Reporting Person (See Instructions): CO


CUSIP No. 89393410					Page 4 of 14

	1.	Name of Reporting Person: Louis Dreyfus Corporation			I.R.S. Identification Nos. of above persons (entities only): 13-5204055

	2.	Check the Appropriate Box if a Member of a Group (See Instructions): Not Applicable
		(a)	o
		(b)	o

	3.	SEC Use Only:

	4.	Source of Funds (See Instructions): OO

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

	6.	Citizenship or Place of Organization: Delaware

Number of Shares Beneficially Owned by Each Reporting Person With
			7.	Sole Voting Power: None

			8.	Shared Voting Power: 2,751,480 shares

			9.	Sole Dispositive Power: None

			10.	Shared Dispositive Power: 2,751,480 shares

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person: 2,751,480 shares

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): Not Applicable o

	13.	Percent of Class Represented by Amount in Row (11): 6.6%

	14.	Type of Reporting Person (See Instructions): CO


	Louis Dreyfus S.A.S.
April 11, 2005	By:	/s/ Gerard Louis-Dreyfus
		Name:	Gerard Louis-Dreyfus
		Title:	Chairman/President

	Louis Dreyfus Holding Company Inc.



April 11, 2005	By:	/s/ Christopher Caperton
		Name:	Christopher Caperton
		Title:	Senior Vice President


	Louis Dreyfus Corporation
April 11, 2005	By:	/s/ Peter B. Griffin
		Name:	Peter B. Griffin
		Title:	President