SC 13G/A 1 0001.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3 )* ------------ Grey Wolf, Incoporated ------------------------------------------------------------ (Name of Issuer) common stock par value = $.1 per share ------------------------------------------------------------ (Title of Class of Securities) 397888108 ------------------------------------------------------------ (CUSIP Number) Check the following box if a fee is being paid with this statement [ ]. (A fee is not required only if the filing 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.) *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 the disclosures provided in a prior cover page. The information required in 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. 397888108 13G Page 2 of 4 Pages --------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Crabbe Huson Group, Inc. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 4,349,574 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,935,574 -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,935,574 -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.75% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 3 of 4 Pages Item 1. (a) Name of Issuer: Grey Wolf, Inc., a Texas Corporation (b) Address of Issuer's Principal Executive Offices: 10370 Richmond Avenue, Suite 600 Houston, TX 77042 Item 2. (a) Name of Person Filing: Crabbe Huson Group, Inc. (b) Address of Principal Business Office: 121 SW Morrison, Suite 1400, Portland, OR 97204 (c) Citizenship: Massachusetts (d) Title of Class of Securities: Common Stock, par value $.1 per share (e) CUSIP Number: 397888108 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) [ ] Broker or Dealer registered under Section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act (d) [ ] Investment Company registered under section 8 of the Investment Company Act (e) [X] Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Section 240.13d-1(b)(1)(ii)(F) (g) [ ] Parent Holding Company, in accordance with Section 240.13d-1(b)(1)(ii)(G) (h) ( ) Group, in accordance with Section 240.13d- 1(b)(1)(ii)(H) Page 4 of 4 Pages Item 4. Ownership. (a) & (b) The aggregate number of shares owned beneficially by the reporting person as of December 31, 2000 is 4,935,574 representing 2.75% of the outstanding common shares. (c) Crabbe Huson Group, Inc. does not directly own any shares of the Issuer. The number of shares as to which the reporting person has: (i) Sole Power to Vote or Direct the Vote: -0- shares (ii) Shared Power to Vote or Direct the Vote: 4,349,574 (iii) Sole Powewr to Dispose or Direct the Disposition of: -0- shares (iv) Shared Power to Dispose or Direct the Disposition of: 4,935,574 Item 5. Ownership of Five Percent or Less of a Class. This statement is being filed to report the fact that as of December 31, 2000 the reporting person has ceased to be the beneficial owner of more than 5% of the class of securities. Item 6. Ownership of More Than Five Percent on Behalf of Another Person. N/A Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on By the Parent Holding Company. N/A Item 8. Identification and Classification of Members of the Group. Crabbe Huson Group, Inc. disclaims beneficial ownership of all shares owned by each of its clients and employees and also disclaims that a "group" within the meaning of Rule 13d-5(b) under the Securities Exchange Act of 1934 has been or will be formed. Item 9. Notice of Dissolution of Group. N/A Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. 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: January 25, 2001 -------------------- Crabbe Huson Group, Inc. By: /s/Thomas F. Biesiadecki ------------------------- Thomas F. Biesiadecki Compliance Officer