-----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, CEfFTH5u5jKUapT59IyjuQ43cF0baJZmS3dPF9qHKPDceVs53abCKpiXC9zUXhd4 9jxgZwu/474fFRUU/7TGwQ== 0000943440-04-000531.txt : 20040923 0000943440-04-000531.hdr.sgml : 20040923 20040923112432 ACCESSION NUMBER: 0000943440-04-000531 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040923 DATE AS OF CHANGE: 20040923 GROUP MEMBERS: JAMES E. MACDOUGALD GROUP MEMBERS: MACDOUGALD FAMILY LIMITED PARTNERSHIP GROUP MEMBERS: MACDOUGALD MANAGEMENT, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ODYSSEY MARINE EXPLORATION INC CENTRAL INDEX KEY: 0000798528 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 841018684 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45489 FILM NUMBER: 041042193 BUSINESS ADDRESS: STREET 1: PO BOX 320057 STREET 2: 3604 SAWANN AVE CITY: TAMPA STATE: FL ZIP: 33609 BUSINESS PHONE: 8132820855 MAIL ADDRESS: STREET 1: PO BOX 320057 CITY: TAMPA STATE: FL ZIP: 33679 FORMER COMPANY: FORMER CONFORMED NAME: UNIVERSAL CAPITAL CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MACDOUGALD FAMILY LP CENTRAL INDEX KEY: 0001136519 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 260 1ST AVE. S. STREET 2: SUITE 110 CITY: ST PETERSBURG STATE: FL ZIP: 33701 BUSINESS PHONE: 7278239192 MAIL ADDRESS: STREET 1: 3773 HOWARD HUGHES PKWY STREET 2: SUITE 300N CITY: LAS VEGAS STATE: NV ZIP: 89109 SC 13D/A 1 macdougald13d.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3) Odyssey Marine Exploration, Inc. __________________________________________________________________________ (Name of Issuer) Common Stock, $0.0001 par value per share __________________________________________________________________________ (Title of Class of Securities) 67611810 2 __________________________________________________________________________ (CUSIP Number) James E. MacDougald 260 1st Avenue South, Suite 110 St. Petersburg, Florida 33701 (727) 823-9292 __________________________________________________________________________ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 17, 2004 __________________________________________________________________________ (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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ] SCHEDULE 13D CUSIP No. 676118 10 2 Page 2 of 7 Pages __________________________________________________________________________ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON __________________________________________________________________________ MacDougald Family Limited Partnership 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] __________________________________________________________________________ 3 SEC USE ONLY __________________________________________________________________________ 4 SOURCE OF FUNDS Not applicable __________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(E): __________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION MacDougald Family Limited Partnership is organized as a Nevada limited partnership. __________________________________________________________________________ NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 4,713,908 ______________________________________ 8 SHARED VOTING POWER ______________________________________ 9 SOLE DISPOSITIVE POWER 4,713,908 ______________________________________ 10 SHARED DISPOSITIVE POWER ______________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,713,908 __________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: __________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.3% __________________________________________________________________________ 14 TYPE OF REPORTING PERSON PN __________________________________________________________________________ SCHEDULE 13D CUSIP No. 676118 10 2 Page 3 of 7 Pages __________________________________________________________________________ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MacDougald Management, Inc. __________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] __________________________________________________________________________ 3 SEC USE ONLY __________________________________________________________________________ 4 SOURCE OF FUNDS Not applicable __________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(E) : __________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION MacDougald Management, Inc. is a Nevada corporation. __________________________________________________________________________ NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 4,713,908 ______________________________________ 8 SHARED VOTING POWER ______________________________________ 9 SOLE VOTING POWER 4,713,908 ______________________________________ 10 SHARED DISPOSITIVE POWER __________________________________________________________________________ 11 SOLE VOTING POWER 4,713,908 __________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES : __________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.3% __________________________________________________________________________ 14 TYPE OF REPORTING PERSON CO __________________________________________________________________________ SCHEDULE 13D CUSIP No. 676118 10 2 Page 4 of 7 Pages __________________________________________________________________________ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James E. MacDougald __________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] __________________________________________________________________________ 3 SEC USE ONLY __________________________________________________________________________ 4 SOURCE OF FUNDS Not applicable __________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(E) : __________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States __________________________________________________________________________ NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 4,713,908 ______________________________________ 8 SHARED VOTING POWER ______________________________________ 9 SOLE DISPOSITIVE POWER 4,713,908 ______________________________________ 10 SHARED DISPOSITIVE POWER __________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,713,908 __________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES : __________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.3% __________________________________________________________________________ 14 TYPE OF REPORTING PERSON IN __________________________________________________________________________ This Amendment No. 3 to Schedule 13D (this "Amendment No. 3") hereby amends and supplements the Schedule 13D originally filed with the Securities and Exchange Commission (the "Commission") on March 9, 2001 (the "Initial Schedule 13D") by MacDougald Family Limited Partnership, a Nevada limited partnership ("MFLP"), MacDougald Management, Inc., a Nevada corporation ("MMI"), and James E. MacDougald (collectively, the "Reporting Persons"), as amended by Amendment No. 1 thereto filed on October 25, 2001 ("Amendment No. 1") and Amendment No. 2 thereto filed on November 20, 2003 ("Amendment No. 2"). This Amendment No. 3, together with the Initial Schedule 13D, Amendment No. 1, and Amendment No. 2, are referred to collectively as the "Schedule 13D". The information set forth in Item 1 below is being included for reference purposes, but no change has occurred with respect to such information. Unless otherwise defined herein, all capitalized terms shall have the meanings ascribed to them in the Schedule 13D. This Amendment No. 3 is being filed to report the sale by the Reporting Persons of certain of the outstanding shares of Common Stock (defined in Item 1 below) held by the Reporting Persons. Item 1. Security of Issuer This Amendment No. 3 relates to shares of common stock, $0.0001 par value per share ("Common Stock"), of Odyssey Marine Exploration, Inc., a Nevada corporation (the "Issuer"), whose principal executive offices are located at 3604 Swann Avenue, Tampa, Florida 33609. Item 4. Purpose of Transaction This amendment is being filed to report the sale by MFLP of an aggregate of 2,380,100 shares of Common Stock. On September 17, 2004, MFLP sold 2,380,100 shares of Common Stock in open market transactions, pursuant to an effective Registration Statement on Form S-3 and the prospectus included therein. With respect to its remaining holdings of Securities, MFLP will continue to monitor its investment in, and ownership of, the Securities and may, as result thereof, determine to sell, transfer, or exchange the Securities to affiliates or third parties through private placements or market sales, acquire additional Securities, warrants, or options, or maintain its ownership position. Except as indicated in the Schedule 13D, the Reporting Persons have no plans or proposals which relate to or would result in: (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, organization or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of 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; Page 5 of 7 (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 Act; or (j) any action similar to any of those enumerated above. Item 5. Interest in Securities of Issuer (a) As of the date of hereof, the Reporting Persons beneficially own an aggregate of 4,713,908 shares of Common Stock, which represents approximately 12.3% of the shares of Common Stock which were outstanding as of May 31, 2004 (as reported by the Issuer in its Quarterly Report on Form 10-QSB filed on July 15, 2004). (b) For purposes of Section 13 of the Securities Act of 1933, as amended, MMI may be deemed to control MFLP, and James E. MacDougald may be deemed to control MMI and MFLP. Each of the Reporting Persons may thus be considered to beneficially own and to have sole voting and dispositive power with respect to all the Securities beneficially owned by MFLP. (c) The sales of the Common Stock by the Reporting Persons within the last 60 days is set forth in Exhibit 10 attached hereto and which is incorporated by reference herein. Item 7. Material to Be Filed as Exhibits Exhibit 10 Table of Transactions in the Common Stock by Reporting Persons During the 60 Days Preceding this Amendment No. 3 to Schedule 13D. Page 6 of 7 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: September 22, 2004 MACDOUGALD FAMILY LIMITED PARTNERSHIP By: MacDougald Management, Inc. its General Partner /s/ James E. MacDougald ---------------------------------- James E. MacDougald, President Dated: September 22, 2004 MACDOUGALD MANAGEMENT, INC. /s/ James E. MacDougald ---------------------------------- James E. MacDougald, President Dated: September 22, 2004 /s/ James E. MacDougald ---------------------------------- James E. MacDougald (Individually) Page 7 of 7 Pages INDEX TO EXHIBITS Exhibit Number Description of Exhibits - ------- ----------------------- 10 -- Table of Transactions in the Common Stock by Reporting Persons During the 60 Days Preceding this Amendment No. 3 to Schedule 13D. Exhibit 10 ---------- TRANSACTIONS IN SHARES EFFECTED BY REPORTING PERSONS DURING THE 60 DAYS PRECEDING THIS AMENDMENT NO. # TO SCHEDULE 13D
Name Nature of Date of Transaction Number of Price Per ---- Transaction(1) (Trade Date) Shares Share -------------- ------------------ --------- --------- MacDougald Family Sale 09/17/04 1,000,000 $2.10 Limited Partnership Sale 09/17/04 1,000,000 $2.10 Sale 09/17/04 380,100 $2.10
_____________________________________ (1) Sales were effected in an open market transactions. -----END PRIVACY-ENHANCED MESSAGE-----