-----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, P8TCtOcuEiWkn0vIGut4hb/fRv56y0SLN+VA+NvmLd92jKdWAfiQdqRFyH3xcJHV PPVBPLnB6yY227VGpjv4Rg== 0000912057-01-523305.txt : 20010711 0000912057-01-523305.hdr.sgml : 20010711 ACCESSION NUMBER: 0000912057-01-523305 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010710 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MTR GAMING GROUP INC CENTRAL INDEX KEY: 0000834162 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 841103135 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-50735 FILM NUMBER: 1678239 BUSINESS ADDRESS: STREET 1: ROUTE 2 STREET 2: PO BOX 356 CITY: CHESTER STATE: WV ZIP: 26034 BUSINESS PHONE: 3043875712 MAIL ADDRESS: STREET 1: ROUTE 2 STREET 2: P O BOX 356 CITY: CHESTER STATE: WV ZIP: 26034 FORMER COMPANY: FORMER CONFORMED NAME: WINNERS ENTERTAINMENT INC DATE OF NAME CHANGE: 19931117 FORMER COMPANY: FORMER CONFORMED NAME: EXCALIBUR HOLDING CORPORATION DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: EXCALIBUR SECURITY SERVICES INC DATE OF NAME CHANGE: 19920202 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ARNEAULT EDSON R CENTRAL INDEX KEY: 0000844430 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: STATE ROUTE 2 SOUTH CITY: CHESTER STATE: WV ZIP: 26034 MAIL ADDRESS: STREET 1: STATE ROUTE 2 SOUTH CITY: CHESTER STATE: WV ZIP: 26034 SC 13D 1 a2053911zsc13d.txt SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (Amendment No. 1) Under the Securities Exchange Act of 1934 MTR GAMING GROUP, INC. ---------------------- (Name of Issuer) Common Stock ------------ (Title of Class of Securities) 553769100 --------- (CUSIP Number) Edson R. Arneault State Route 2 South Chester, West Virginia 26034 (304) 387-8300 -------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 12, 2001 ------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box. [ ] CUSIP NO. 553769100 (1) NAME OF REPORTING PERSON Edson R. Arneault -- with respect to ten (10) limited partnerships (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] (3) SEC USE ONLY (4) SOURCE OF FUNDS OO (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 (7) SOLE VOTING POWER 4,016,817 SHARES BENEFICIALLY (8) SHARED VOTING POWER OWNED BY ---------------------------------------------- (9) SOLE DISPOSITIVE POWER EACH 4,016,817 REPORTING PERSON WITH (10) SHARED DISPOSITIVE POWER (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,016,817 (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 18.0% (14) TYPE OF REPORTING PERSON IN Page 2 ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) The aggregate percentage of shares reported beneficially owned by Mr. Arneault herein is based on 22,303,501 shares of Common Stock outstanding at May 10, 2001, as reflected in the Form 10-Q of the Issuer for the three months ending March 31, 2001. (b) Mr. Arneault possesses and exercises voting and investment power over all the Securities. By reason of the provisions of Rule 13d-3 of the Act, Mr. Arneault may be deemed to own beneficially 4,016,817 shares of Securities, constituting approximately 18.0% of the outstanding shares of Common Stock of the Issuer. Of these shares of Securities, 19,209 shares are held by Manitou Energy Passive Income Limited Partnership, 10,000 shares are held in the name of Mr. Arneault's minor son, and 2,050,000 shares underlie options exercisable by Mr. Arneault within sixty (60) days. Prior to the transactions described in Item 5 (c), below, Mr. Arneault beneficially owned an additional 437,000 shares through 10 limited partnerships. His partnership interest in each limited partnership is as follows:
Name of Percentage General Limited Partnership Partnership Interest ------------------- -------------------- Manitou Brownstreet Development Drilling L.P. 1984 - I 1% Manitou Brownstreet Energy Reserve L.P. 1984 - II 1% Manitou Brownstreet Energy Reserve L.P. 1984 - IV 1% Manitou Brownstreet Energy Reserve L.P. 1984 - V 1% Manitou Brownstreet Development Drilling L.P. 1984 - VI 1% Manitou Brownstreet Development Drilling L.P. 1985 - I 1% Summit Manitou Energy L.P. Series I 1% Manitou Energy L.P. 1986 - III 1% Manitou Energy Working Interest Program 1987 - I approximately 10% Manitou Energy Working Interest Program 1987 - II approximately 10%
Page 3 (c) On May 1, 2001 the Issuer granted Mr. Arneault immediately exercisable options to purchase 100,000 shares of Common Stock of the Issuer at an exercise price of $7.30 per share. Mr. Arneault owned 437,000 shares of the Securities indirectly through ten limited partnerships over which he exercised sole voting and investment power. Since 1992 these ten limited partnerships have held no assets except these shares of the Securities. In connection with the orderly liquidation of these limited partnerships, which were organized in the 1980s, he has caused these limited partnerships to sell all 437,000 shares of the Securities in open market transactions as follows:
Name of Number of Price per Limited Partnership Shares Sold Date Sold Share ------------------- ----------- --------- --------- Manitou Brownstreet Development Drilling L.P. 1984 - I 6,448 June 5, 2001 $10.8770 Manitou Brownstreet Energy Reserve L.P. 1984 - II 15,000 June 8, 2001 $10.2535 12,234 June 11, 2001 $10.7305 Manitou Brownstreet Energy Reserve L.P. 1984 - IV 2,941 June 5, 2001 $10.8770 Manitou Brownstreet Energy Reserve L.P. 1984 - V 5,450 June 5, 2001 $10.8770 Manitou Brownstreet Development Drilling L.P. 1984 - VI 10,000 June 11, 2001 $10.7611 15,000 June 11, 2001 $10.8711 20,575 June 12, 2001 $10.9172 12,816 June 13, 2001 $11.8704 Manitou Brownstreet Development Drilling L.P. 1985 - I 10,000 June 11, 2001 $10.7611 15,000 June 11, 2001 $10.8711 20,575 June 12, 2001 $10.9172 22,174 June 13, 2001 $11.8704 Summit Manitou Energy L.P. Series I 13,906 June 5, 2001 $10.7881 Manitou Energy L.P. 1986 - III 11,450 June 5, 2001 $10.7665 12,273 June 6, 2001 $10.7523 Manitou Energy Working Interest Program 1987 - I 10,000 June 11, 2001 $10.7611 15,000 June 11, 2001 $10.8711 20,575 June 12, 2001 $10.9172 55,340 June 13, 2001 $11.8704 78,000 June 14, 2001 $12.1017 Manitou Energy Working Interest Program 1987 - II 10,000 June 11, 2001 $10.7611 15,000 June 11, 2001 $10.8711 20,575 June 12, 2001 $10.9172 6,668 June 13, 2001 $11.8704
Mr. Arneault has not effected any other transactions in the Securities in the past 60 days. After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. July 10, 2001 /s/ Edson R. Arneault --------------------- Edson R. Arneault Page 4 -----END PRIVACY-ENHANCED MESSAGE-----