-----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, UYqF2cicXAOk66QJATCyqoxFUwNtrRofyDHHsRzqla/5wHt+/eezuO3nZFpu+/5V LXEKjCSuWovZCKetp0R0kg== 0000950109-96-008470.txt : 19961218 0000950109-96-008470.hdr.sgml : 19961218 ACCESSION NUMBER: 0000950109-96-008470 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19961217 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BELLWETHER EXPLORATION CO CENTRAL INDEX KEY: 0000319459 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 760437769 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-33149 FILM NUMBER: 96681887 BUSINESS ADDRESS: STREET 1: 1221 LAMAR ST STE 1600 CITY: HOUSTON STATE: TX ZIP: 77010-3039 BUSINESS PHONE: 7136501025 MAIL ADDRESS: STREET 1: 1221 LAMAR STREET 2: STE 1600 CITY: HOUSTON STATE: TX ZIP: 77010-3039 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TORCHMARK CORP CENTRAL INDEX KEY: 0000320335 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 630780404 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 2001 3RD AVE S CITY: BIRMINGHAM STATE: AL ZIP: 35233 BUSINESS PHONE: 2053254200 FORMER COMPANY: FORMER CONFORMED NAME: TORCHMARK CORP SAVINGS & INVESTMENT PLAN DATE OF NAME CHANGE: 19820825 FORMER COMPANY: FORMER CONFORMED NAME: LIBERTY NATIONAL INSURANCE HOLDING CO DATE OF NAME CHANGE: 19820701 SC 13D 1 TORCHMARK SCHEDULE 13-D RE: BELLWETHER SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 BELLWETHER EXPLORATION COMPANY ------------------------------ COMMON STOCK, $.01 par value per share -------------------------------------- 079895 20 7 ----------- Carol A. McCoy, 2001 Third Avenue South, Birmingham, AL 35233 (205) 325-4243 ----------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 30, 1996 ------------------------------------ (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 ___ Check the following box if a fee is being paid with the statement . (A fee ----- is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1, and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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). (Continued on following page(s)) Page 1 of 7 Pages --- SCHEDULE 13D CUSIP NO. 079895 20 7 ____________________________________________________________________________ (1) Names of Reporting Persons. . . . . . . . . . . . Torchmark Corporation S.S. or I.R.S. Identification Numbers of Above Persons. . . . . . . . . . . . . 63-0780404 ____________________________________________________________________________ (2) Check the Appropriate Box if a Member of a Group (a) . . . . . . . . . . . . . . . . . . . . . . . (b) . . . . . . . . . . . . . . . . . . . . . . . X ___________________________________________________________________________ (3) SEC Use Only. . . . . . . . . . . . . . . . . . . ___________________________________________________________________________ (4) Source of Funds . . . . . . . . . . . . . . . . . 00 ___________________________________________________________________________ (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e). . . . . . . . . . ___________________________________________________________________________ (6) Citizenship or Place of Organization. . . . . . . Delaware ___________________________________________________________________________ Number of (7) Sole Voting Power. . . . . . . . . 0 Shares Bene- ______________________________________ ficially (8) Shared Voting Power. . . . . . . . 750,196 Owned by ______________________________________ Each Report- (9) Sole Dispositive Power . . . . . . 0 ing Person ______________________________________ With (10) Shared Dispositive Power . . . . . 750,196 ___________________________________________________________________________ (11) Aggregate Amount Beneficially Owned by Each Reporting Person . . . . . . . . . . . . . . 750,196 ____________________________________________________________________________ (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares . . . . . . . . . . . . . ____________________________________________________________________________ (13) Percent of Class Represented by Amount in Row (11). . . . . . . . . . . . . . . . 8.2% ___________________________________________________________________________ (14) Type of Reporting Person. . . . . . . . . . . . . CO,HC ____________________________________________________________________________ 2 SCHEDULE 13D CUSIP NO. 079895 20 7 ___________________________________________________________________________ (1) Names of Reporting Persons. . . . . . . . . . . . United Investors Management Company S.S. or I.R.S. Identification Numbers of Above Persons. . . . . . . . . . . . . 51-0261715 ____________________________________________________________________________ (2) Check the Appropriate Box if a Member of a Group (a) . . . . . . . . . . . . . . . . . . . . . . . (b) . . . . . . . . . . . . . . . . . . . . . . . [x] ____________________________________________________________________________ (3) SEC Use Only. . . . . . . . . . . . . . . . . . . _____________________________________________________________________________ (4) Source of Funds . . . . . . . . . . . . . . . . . OO ____________________________________________________________________________ (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e). . . . . . . . . . ____________________________________________________________________________ (6) Citizenship or Place of Organization. . . . . . . Delaware ____________________________________________________________________________ Number of (7) Sole Voting Power. . . . . . . . . . 0 Shares Bene- _________________________________________ ficially (8) Shared Voting Power. . . . . . . . . 750,196 Owned by _________________________________________ Each Report- (9) Sole Dispositive Power . . . . . . . 0 ing Person _________________________________________ With (10) Shared Dispositive Power . . . . . . 750,196 - ---------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person . . . . . . . . . . . . . . 750,196 __________________________________________________________________________ (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares . . . . . . . . . . . . . ___________________________________________________________________________ (13) Percent of Class Represented by Amount in Row (11). . . . . . . . . . . . . . . . 8.2% ____________________________________________________________________________ (14) Type of Reporting Person. . . . . . . . . . . . . CO ___________________________________________________________________________ 3 Item 1. Security and Issuer. This Statement on Schedule 13D, filed jointly by Torchmark Corporation ("Torchmark") and United Investors Management Company ("UIMCO") (together, "Reporting Persons"), relates to the beneficial ownership of common stock and warrants to purchase common stock of Bellwether Exploration Company ("Bellwether"), a corporation incorporated under the laws of the State of Delaware. Bellwether maintains its principal executive offices at 1331 Lamar Street, Suite 1455, Houston, Texas 77010-3039. Item 2. Identity and Background. Torchmark Corporation, a Delaware corporation 2001 Third Avenue South Birmingham, AL 35233 United Investors Management Company, a Delaware corporation 400 Market Street Wilmington, DE 198850-9336 Torchmark is an insurance and diversified financial services holding company. UIMCO is an intermediate-level holding company and a wholly-owned subsidiary of Torchmark. There have been no criminal proceedings in the last five years involving either Torchmark or UIMCO. Prior to UIMCO's sale of Torch Energy Advisors Incorporated ("Torch Energy") to incumbent Torch Energy management on September 30, 1996, Torch Energy distributed to UIMCO 562,696 shares of Bellwether common stock and warrants to purchase an additional 187,500 Bellwether common shares as a dividend. Item 3. Source and Amount of Funds or Other Consideration. UIMCO received the Bellwether common stock and warrants as an intercompany dividend prior to the sale of Torch Energy. No consideration was paid by UIMCO for the securities. Item 4. Purpose of Transaction. The Bellwether common stock and warrants were acquired by UIIMCO as an intercompany dividend from Torch Energy prior to the sale of Torch Energy. The Bellwether shares and warrants are held by UIMCO for investment purposes and not with an intent to control Bellwether. The warrants to acquire 187,500 Bellwether common shares at a strike price of $6.40 per share expire December 31, 1998. Other than as contained in the above description of the Bellwether warrants, Torchmark and UIMCO have no plans or proposals which would result in any of the actions enumerated in clauses (a) - (j) of Item 4 of Schedule 13D. 4 Item 5. Interest in Securities of the Issuer. (a)
Total Common Shares Beneficially Common Warrants Owned and Purchasable Name of Reporting Shares Beneficially in Connection with Persons Beneficially Owned Owned Exercise of Warrants Percentage Torchmark and UIMCO 562,696* 187,500* 750,196 8.2%
* Shares and warrants owned by UIMCO, a subsidiary of Torchmark (b) The reporting persons listed in response to Item (a) above have the shared right to vote and dispose of the shares listed as owned in the foregoing table. (c) Receipt of 562,696 common shares and warrants to purchase an additional 187,500 common shares transferred by dividend to UIMCO for no consideration prior to the September 30, 1996 sale of Torch Energy. (d) None. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None. Item 7. Material to be Filed as Exhibits (a) Joint Filing Agreement dated December 4, 1996 between Torchmark Corporation and United Investors Management Company. 5 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: December 13, 1996 TORCHMARK CORPORATION By: /s/ Michael J. Klyce ------------------------------------ Its Vice President and Treasurer Date: December 13, 1996 UNITED INVESTORS MANAGEMENT COMPANY By: /s/ Michael J. Klyce ------------------------------------- Its Treasurer 6 JOINT FILING AGREEMENT The undersigned, Torchmark Corporation and United Investors Management Company, hereby agree to file jointly the Schedule 13D and any amendments thereto required under the Securities Exchange Act of 1934 for their ownership of common stock and warrants to purchase additional common stock of Bellwether Exploration Company. This Joint Filing Agreement shall be effective commencing with its execution and shall continue until revoked in writing by the parties hereto. Done this 4th day of December, 1996. Torchmark Corporation Attest: /s/ Carol A. McCoy by /s/ Michael J. Klyce --------------------------- ------------------------------------- Secretary Its Vice President and Treasurer United Investors Management Company Attest: /s/ Carol A. McCoy by /s/ Michael J. Klyce --------------------------- ------------------------------------- Assistant Secretary Its Treasurer 7 -----END PRIVACY-ENHANCED MESSAGE-----