-----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, QogrjIJrArz6yECRNG2b+f4RGtSiANEoZbblsT+bZRK9jZUc7RDPZexfzahlTbHW QIUNGihN658Tl31IK2UTPQ== 0001362310-09-001200.txt : 20090205 0001362310-09-001200.hdr.sgml : 20090205 20090205172759 ACCESSION NUMBER: 0001362310-09-001200 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090205 DATE AS OF CHANGE: 20090205 GROUP MEMBERS: AVISTA CAPITAL PARTNERS (OFFSHORE), L.P. GROUP MEMBERS: AVISTA CAPITAL PARTNERS GP, LLC GROUP MEMBERS: AVISTA CAPITAL PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GEOKINETICS INC CENTRAL INDEX KEY: 0000314606 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 941690082 STATE OF INCORPORATION: DE FISCAL YEAR END: 0728 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-32355 FILM NUMBER: 09574047 BUSINESS ADDRESS: STREET 1: 1500 CITYWEST BLVD., SUITE 800 CITY: HOUSTON STATE: TX ZIP: 77042 BUSINESS PHONE: (713) 850-7600 MAIL ADDRESS: STREET 1: P.O. BOX 421129 CITY: HOUSTON STATE: TX ZIP: 77242 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Avista Capital Partners GP, LLC CENTRAL INDEX KEY: 0001374781 IRS NUMBER: 204773707 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 65 EAST 55TH STREET STREET 2: 18TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212 593-6900 MAIL ADDRESS: STREET 1: 65 EAST 55TH STREET STREET 2: 18TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 c80498sc13dza.htm SC 13D/A Filed by Bowne Pure Compliance
     
 
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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. 9 )*

GEOKINETICS INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
372910-10-9
(CUSIP Number)
Avista Capital Partners, L.P.
65 East 55th Street, 18th Floor
New York, New York 10022
Telephone: (212) 593-6900
Attn: Ben Silbert, Esq.
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

With a copy to:
Steven D. Rubin, Esq.
King & Spalding LLP
1100 Louisiana, Suite 4000
Houston, Texas 77002
(713) 751-3240
February 5, 2009
(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 Rule 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).

 
 

 

                     
CUSIP No.
  
372910-10-9 
  

 

           
1   NAMES OF REPORTING PERSONS

Avista Capital Partners, L.P
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o 
  (b)   þ 
     
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
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   4,768,964 (See Item 5)
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    4,768,964 (See Item 5)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,768,964 (See Item 5)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  35.2%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

 

                     
CUSIP No.
  
372910-10-9 
  

 

           
1   NAMES OF REPORTING PERSONS

Avista Capital Partners (Offshore), L.P.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o 
  (b)   þ 
     
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
   
  Bermuda
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   1,257,530 (See Item 5)
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    1,257,530 (See Item 5)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,257,530 (See Item 5)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  11.1%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

 

                     
CUSIP No.
  
372910-10-9 
  

 

           
1   NAMES OF REPORTING PERSONS

Avista Capital Partners GP, LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  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
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   6,026,494 (See Item 5)
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    6,026,494 (See Item 5)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  6,026,494 (See Item 5)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  41.9%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

 

Item 1. Security and Issuer.
This Amendment No. 9 amends the Statement on Schedule 13D (the “Schedule 13D”) filed with the Securities and Exchange Commission (“Commission”) on September 13, 2006 by Avista Capital Partners, L.P., a Delaware limited partnership (“Avista”), Avista Capital Partners (Offshore), L.P. (“Avista Offshore”) and Avista Capital Partners GP, LLC, a Delaware limited liability company (“Avista GP”) and the Amendment No. 8 (“Amendment No. 8”) filed January 9, 2009, Amendment No. 7 (“Amendment No. 7”) filed on July 28, 2008, Amendment No. 6 (“Amendment No. 6”) filed on January 16, 2008, the Amendment No. 5 (“Amendment No. 5”) filed on September 12, 2007, the Amendment No. 4 (“Amendment No. 4”) filed on July 18, 2007, the Amendment No. 3 (“Amendment No. 3”) filed on May 15, 2007, the Amendment No. 2 (“Amendment No. 2”) filed on December 15, 2006 and the Amendment No. 1 (“Amendment No. 1”) filed on October 5, 2006, all filed by the same parties (the “Filing Parties”).
The title and class of equity security to which this amendment to the Schedule 13D relates is the Common Stock, par value $.01 per share (the “Common Stock”), of Geokinetics Inc., a Delaware corporation (“Geokinetics” or the “Company”). The principal executive offices of Geokinetics are located at One Riverway, Suite 2100 Houston, Texas 77056. The following amendments to the Schedule 13D are hereby made. Unless otherwise define herein, all capitalized terms shall have the meanings ascribed to them in the Schedule 13D or Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment No. 7 and/or Amendment No. 8.
Item 3. Source and Amount of Funds or Other Consideration.
Avista and Avista Offshore acquired 173,935 and 45,865 additional shares of Common Stock, respectively, reported on this Amendment No. 9 in Table I in Item 5(c), which were paid for in cash out of available capital of Avista and Avista Offshore. Avista paid approximately $556,804.61 and Avista Offshore paid approximately $146,824.40 for their respective additional shares of Common Stock reported on this Amendment No. 9. Such shares were acquired for total consideration of approximately $703,629.00 in open market transactions as listed in Item 5 below. Such amount includes commissions incurred in making the investments.
Item 5. Interest in Securities of the Issuer.
Based on information set forth in the Company’s Form 10-Q for the quarterly period ending September 30, 2008, as filed with the Commission on November 7, 2008, there are 10,467,458 shares of Common Stock of the Company issued and outstanding.
The Filing Parties have no current intention to convert their shares of Series B Preferred Stock or Warrants into shares of Common Stock.
(a)
(1) Avista may be deemed to beneficially own in the aggregate 4,768,964 shares of Common Stock, comprised of 1,672,684 shares of Common Stock, 192,746 shares of the Series B-1 Preferred Stock which are convertible into 1,927,460 shares of Common Stock of the Company, 97,890 shares of the Series B-2 Preferred Stock which are convertible into 978,900 shares of Common Stock of the Company and 189,920 Warrants which can be exercised for 189,920 shares of Common Stock, collectively representing approximately 35.2% of the outstanding shares of Common Stock. Of such shares, Avista has sole voting and dispositive power with respect to no shares, and shared voting and dispositive power with respect to 1,672,684 shares of Common Stock, 192,746 shares of the Series B-1 Preferred Stock, 97,890 shares of the Series B-2 Preferred Stock and 189,920 Warrants as a result of the relationships described in paragraph (b) (1) and (2) below.

 

 

 

(2) Avista Offshore may be deemed to beneficially own in the aggregate 1,257,530 shares of Common Stock, comprised of 441,070 shares of Common Stock, 50,826 shares of Series B-1 Preferred Stock which are convertible into 508,260 shares of Common Stock, 25,812 shares of Series B-2 Preferred Stock which are convertible into 258,120 shares of Common Stock and 50,080 Warrants which can be exercised for 50,080 shares of Common Stock, collectively representing approximately 11.1% of the outstanding shares of the Common Stock. Of such shares, Avista Offshore has sole voting and dispositive power with respect to no shares, and shared voting and dispositive power with respect to 441,070 shares of Common Stock, 50,826 shares of the Series B-1 Preferred Stock, 25,812 shares of the Series B-2 Preferred Stock and 50,080 Warrants as a result of the relationships described in paragraph (b) (1) and (3) below.
(3) Avista GP may be deemed to beneficially own in the aggregate 6,026,494 shares of Common Stock, comprised of 2,113,754 shares of Common Stock, 243,572 shares of Series B-1 Preferred Stock which are convertible into 2,435,720 shares of Common Stock, 123,702 shares of Series B-2 Preferred Stock which are convertible into 1,237,020 shares of Common Stock and 240,000 Warrants which can be exercised for 240,000 shares of Common Stock, collectively representing approximately 41.9% of the outstanding shares of Common Stock. Of such shares, Avista GP has sole voting and dispositive power with respect to no shares, and shared voting and dispositive power with respect to 2,113,754 shares of Common Stock, 243,572 shares of the Series B-1 Preferred Stock, 123,702 shares of the Series B-2 Preferred Stock and 240,000 Warrants as a result of the relationships described in paragraphs (b) (1), (2) and (3) below.
(b)
(1) Of the 2,113,754 shares of Common Stock, 243,572 shares of the Series B-1 Preferred Stock, 123,702 shares of the Series B-2 Preferred Stock and 240,000 Warrants for which Avista GP has shared voting and dispositive power, none of such securities are held of record by Avista GP. Avista holds of record 1,672,684 shares of Common Stock, 192,746 shares of the Series B-1 Preferred Stock, 97,890 shares of the Series B-2 Preferred Stock and 189,920 Warrants. Avista Offshore holds of record 441,070 shares of Common Stock, 50,826 shares of the Series B-1 Preferred Stock, 25,812 shares of the Series B-2 Preferred Stock and 50,080 Warrants. Avista GP is the sole general partner of Avista and Avista Offshore and, therefore, may be deemed to be the beneficial owner of the shares of Common Stock, Series B Preferred Stock and Warrants owned of record by Avista and Avista Offshore.
(2) Of the 1,672,684 shares of Common Stock, 192,746 shares of the Series B-1 Preferred Stock, 97,890 shares of the Series B-2 Preferred Stock and 189,920 Warrants for which Avista has shared voting and dispositive power, all of such shares are held of record by Avista.
(3) Of the 441,070 shares of Common Stock, 50,826 shares of the Series B-1 Preferred Stock, 25,812 shares of the Series B-2 Preferred Stock and 50,080 Warrants for which Avista Offshore has shared voting and dispositive power, all of such shares are held of record by Avista Offshore.
Each of the Filing Parties expressly disclaims beneficial ownership with respect to any shares of Common Stock covered by this Statement (or shares of Series B-1 Preferred Stock, Series B-2 Preferred Stock or Warrants) not owned by it of record.

 

 

 

(c)
Since the filing of Amendment No. 8, the Filing Parties have made the following purchases of Common Stock on the open market (each of which has been effected by the Filing Parties):
Table I
                                         
            Total Number of Shares     Number of Shares     Number of Shares        
Transaction   Transaction     Purchased by Avista     Purchased by     Purchased by     Price per  
Type   Date     and Avista Offshore     Avista     Avista Offshore     Share ($)  
Market Purchase
     1/12/2009       11600       9179       2421     $ 3.35  
Market Purchase
     1/13/2009       4600       3640       960     $ 3.30  
Market Purchase
     1/15/2009       700       554       146     $ 3.05  
Market Purchase
     1/15/2009       1000       791       209     $ 3.06  
Market Purchase
     1/15/2009       2800       2216       584     $ 3.07  
Market Purchase
     1/15/2009       6000       4748       1252     $ 3.08  
Market Purchase
     1/15/2009       1000       791       209     $ 3.10  
Market Purchase
     1/15/2009       5000       3957       1043     $ 3.11  
Market Purchase
     1/15/2009       5000       3957       1043     $ 3.12  
Market Purchase
     1/15/2009       400       317       83     $ 3.14  
Market Purchase
     1/15/2009       600       475       125     $ 3.15  
Market Purchase
     1/15/2009       5500       4352       1148     $ 3.17  
Market Purchase
     1/20/2009       1400       1108       292     $ 3.21  
Market Purchase
     1/20/2009       2300       1820       480     $ 3.23  
Market Purchase
     1/20/2009       1500       1187       313     $ 3.24  
Market Purchase
     1/20/2009       2300       1820       480     $ 3.25  
Market Purchase
     1/21/2009       2200       1741       459     $ 3.16  
Market Purchase
     1/21/2009       300       237       63     $ 3.19  
Market Purchase
     1/21/2009       300       237       63     $ 3.20  
Market Purchase
     1/22/2009       100       79       21     $ 3.22  
Market Purchase
     1/22/2009       3500       2770       730     $ 3.23  
Market Purchase
     1/22/2009       4500       3561       939     $ 3.25  
Market Purchase
     1/22/2009       100       79       21     $ 3.28  
Market Purchase
     1/22/2009       600       475       125     $ 3.30  
Market Purchase
     2/3/2009       156500       123844       32656     $ 3.20  
(d) The right to receive dividends on, and proceeds from the sale of, the shares of Common Stock, the Series B-1 Preferred Stock, the Series B-2 Preferred Stock and the Warrants held of record by the applicable Filing Parties and beneficially owned by their respective sole general partner or members, as the case may be, described in paragraphs (a) and (b) above is governed by their respective limited partnership agreements and limited liability regulations, as applicable, of each of such entities, and such dividends or proceeds may be distributed with respect to numerous general and limited partnership or membership interests.
(e) Not applicable.

 

 

 

SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth herein is true, complete and correct.
         
Dated: February 5, 2009  AVISTA CAPITAL PARTNERS, L.P.
 		  
  By:   AVISTA CAPITAL PARTNERS, GP, LLC,    
    its general partner   
       
 
     
  By:   /s/Ben Silbert, General Counsel    
    Name:   Ben Silbert   
    Title:   General Counsel   
 
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth herein is true, complete and correct.
         
Dated: February 5, 2009  AVISTA CAPITAL PARTNERS (OFFSHORE), L.P.
 		  
  By:   AVISTA CAPITAL PARTNERS, GP, LLC,    
    its general partner   
       
 
     
  By:   /s/Ben Silbert, General Counsel    
    Name:   Ben Silbert   
    Title:   General Counsel   
 
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth herein is true, complete and correct.
         
Dated: February 5, 2009  AVISTA CAPITAL PARTNERS GP, LLC
 		  
  By:   /s/ Ben Silbert, General Counsel    
    Name:   Ben Silbert   
    Title:   General Counsel   
 

 

 

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