SC 13D/A 1 h78343sc13dza.htm SC 13D/A sc13dza

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)

Under the Securities Exchange Act of 1934
(Amendment No. 11 )*

PIONEER DRILLING COMPANY
(Name of Issuer)
Common Stock, par value $0.10
(Title of Class of Securities)
723655106
(CUSIP Number)
Richard E. Blohm, Jr.
1415 Louisiana Street, Suite 3000
Houston, Texas 77002
Telephone: (713) 739-6500
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 13, 2010
(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 Rule 13d-1(e), 13d-1(f) or 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.
  
723655106 
  

 

           
1   NAME OF REPORTING PERSONS

Pebbleton Corporation N.V.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS*
   
 
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Netherlands Antilles
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   1,559,515
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    1,559,515
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,559,515
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  Approximately 2.88%
     
14   TYPE OF REPORTING PERSON*
   
  CO
*SEE INSTRUCTIONS

 

                     
CUSIP No.
  
723655106 
  

 

           
1   NAME OF REPORTING PERSON

Issam M. Fares
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS*
   
 
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Lebanon
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   1,559,515
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    1,559,515
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,559,515
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  Approximately 2.88%
     
14   TYPE OF REPORTING PERSON*
   
  IN
*SEE INSTRUCTIONS

 

     This Amendment No. 11 (this “Amendment”) amends and supplements the statement on Schedule 13D filed by Pebbleton Corporation N.V. and Issam M. Fares (together, the “Reporting Persons”) with the Securities and Exchange Commission (the “Commission”) on February 2, 2009 (the “Original Schedule 13D”). This Amendment is being filed in connection with recent sales of shares of common stock, par value $0.10 per share (“Common Stock”), of Pioneer Drilling Company, a Texas corporation, by the Reporting Persons. Unless otherwise stated herein, the Original Schedule 13D remains in full force and effect.
     Capitalized terms used but not defined herein shall have the meanings assigned to them in the Original Schedule 13D.
Item 5. Interest in Securities of the Issuer
     Item 5(a) of the Original Schedule 13D is hereby amended and restated in its entirety as follows:
     (a) As set forth in this Schedule 13D, Pebbleton owns 1,559,515 shares of Common Stock of the Issuer, which represents approximately 2.88% of the outstanding Common Stock (based upon 54,168,870 shares of Common Stock outstanding, as represented by the Issuer in its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2010, as filed with the Securities and Exchange Commission (the “Commission”) on November 4, 2010).
          As set forth in this Schedule 13D, Mr. Fares may be deemed to beneficially own 1,559,515 shares of Common Stock of the Issuer, which represents approximately 2.88% of the outstanding Common Stock (based upon 54,168,870 shares of Common Stock outstanding, as represented by the Issuer in its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2010, as filed with the Commission on November 4, 2010).
Item 7. Material to Be Filed as Exhibits.
     
Exhibit A
  Joint Filing Statement (incorporated by reference to Exhibit A to the Original Schedule 13D filed with the Commission on February 2, 2009)
 
    
Exhibit B
  Transactions in Common Stock by Pebbleton Corporation N.V.

 

 

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: December 14, 2010
         
  PEBBLETON CORPORATION N.V.
 		  
  By:   Issam M. Fares,
its Managing Director  		  
         
  By:   /s/ Richard E. Blohm, Jr.    
    Richard E. Blohm, Jr.   
    Attorney-in-Fact   
         
  ISSAM M. FARES
 		  
  By:   /s/ Richard E. Blohm, Jr.    
    Richard E. Blohm, Jr.   
    Attorney-in-Fact   

6

 

         
EXHIBIT INDEX
     
Exhibit A
  Joint Filing Statement (incorporated by reference to Exhibit A to the Original Schedule 13D filed with the Commission on February 2, 2009)
 
    
Exhibit B
  Transactions in Common Stock by Pebbleton Corporation N.V.

7

 

EXHIBIT B
Transactions in Common Stock by Pebbleton Corporation N.V.
During the Past Sixty (60) Days
     Exhibit B of the Original Schedule 13D is hereby amended to add the following:
     The following sales of shares of Pioneer Drilling Company have been made by Pebbleton Corporation N.V. and were effected on the NYSE Amex since October 15, 2010:
                 
Date   Securities Involved   Price per Share
November 5, 2010
     17,388     $ 6.25  
November 15, 2010
     154,633     $ 7.00  
November 17, 2010
     8,541     $ 7.00  
November 18, 2010
     183,959     $ 7.03  
November 19, 2010
     85,900     $ 7.08  
November 22, 2010
     21,600     $ 7.02  
November 24, 2010
     100,000     $ 7.05  
December 1, 2010
     116,407     $ 7.01  
December 2, 2010
     228,608     $ 7.13  
December 3, 2010
     254,985     $ 7.38  
December 6, 2010
     200,000     $ 7.43  
December 7, 2010
     200,000     $ 7.56  
December 8, 2010
     246,797     $ 7.63  
December 9, 2010
     253,203     $ 7.75  
December 10, 2010
     155,838     $ 7.81  
December 13, 2010
     1,005,085     $ 7.75  

8