-----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, RnZZzZDMNFG44sVEzMWccbTxaydAYfnDrzeY7LQx5/A16Y1nhAdfcQppX21sJNXw FYe8BvLXmJuOb0+2ueYFNg== 0000906344-96-000004.txt : 19960216 0000906344-96-000004.hdr.sgml : 19960216 ACCESSION NUMBER: 0000906344-96-000004 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960213 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CRYSTAL OIL CO CENTRAL INDEX KEY: 0000745907 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 720163810 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-09234 FILM NUMBER: 96517690 BUSINESS ADDRESS: STREET 1: 229 MILAM ST CITY: SHREVEPORT STATE: LA ZIP: 71101 BUSINESS PHONE: 3182227791 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BASE ASSET TRUST CENTRAL INDEX KEY: 0000914985 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 11444 WEST OLYMPIC BOULEVARD CITY: LOS ANGELES STATE: CA ZIP: 90064 BUSINESS PHONE: 310-312-24 MAIL ADDRESS: STREET 1: 11444 OLYMPIC BLVD CITY: LOS ANGELES STATE: CA ZIP: 90064 SC 13G/A 1 AMENDMENT NO. 3 TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* Crystal Oil Company (Name of Issuer) $.06 Senior Convertible Voting Preferred Stock (Non-Cumulative) (Title of Class of Securities) 229385307 (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). SEC 1745 (2/92) CUSIP No. 229385307 13G Page 2 of 8 Pages 1 NAME OF REPORTING PERSON Base Assets Trust S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 95-6598-256 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Trust organized under the laws of the State of California 5 SOLE VOTING POWER 0 NUMBER OF SHARES BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 1,199,996 REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 1,199,996 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,199,996 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 06.6% 12 TYPE OF REPORTING PERSON* IC *SEE INSTRUCTION BEFORE FILLING OUT! SEC 1745 (2/92) CUSIP No. 229385307 13G Page 3 of 8 Pages 1 NAME OF REPORTING PERSON Karl W. Dolk, as Trustee of the Base Assets Trust S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-#### 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States 5 SOLE VOTING POWER 0 NUMBER OF SHARES BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 1,199,996 REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 1,199,996 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,199,996 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 06.6% 12 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTION BEFORE FILLING OUT! SEC 1745 (2/92) CUSIP No. 229385307 13G Page 4 of 8 Pages 1 NAME OF REPORTING PERSON Wilbert F. Schwartz, as Trustee of the Base Assets Trust S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-#### 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States 5 SOLE VOTING POWER 0 NUMBER OF SHARES BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 1,199,996 REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 1,199,996 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,199,996 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 06.6% 12 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTION BEFORE FILLING OUT! SEC 1745 (2/92) CUSIP No. 229385307 13G Page 5 of 8 Pages 1 NAME OF REPORTING PERSON Thomas E. Arnold, as Trustee of the Base Assets Trust S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-#### 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States 5 SOLE VOTING POWER 0 NUMBER OF SHARES BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 1,199,996 REPORTING PERSON WITH 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 1,199,996 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,199,996 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 06.6% 12 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTION BEFORE FILLING OUT! SEC 1745 (2/92) CUSIP No. 229385307 13G Page 6 of 8 Pages Item 1(a) Name of Issuer Crystal Oil Co. Item 1(b) Address of Issuer's Principal Executive Offices 229 Milam Street, Box 21101 Shreveport, LA 71101 Item 2(a) Name of Person Filing Reference is made to Item 1 of each of the cover pages of this Schedule 13G, which Items are incorporated herein by reference. Item 2(b) Address of Principal Business or, if none, Residence The address of the Base Assets Trust is 11400 West Olympic Boulevard, Los Angeles, California 90064 and the address of each of the other reporting persons is in care of the Base Assets Trust. Item 2(c) Citizenship Reference is made to Item 4 of each of the cover pages of this Schedule 13G, which Items are incorporated herein by reference. Item 2(d) Title of Class of Securities Convertible Senior Preferred Stock Item 2(e) CUSIP Number 229385307 Item 3 Type of Reporting Person (c)[X] Base Assets Trust, as the liquidating agent of Executive Life Insurance Company In Rehabilitation/Liquidation, is an Insurance Company as defined in Section 3(a)(19) of the Act; the other individual reporting persons, Messrs. Dolk, Schwartz and Arnold, are trustees of the Base Assets Trust. Item 4 Ownership Reference is made to Items 5-9 and 11 of each of the cover pages of this Schedule 13G, which Items are incorporated herein by reference. SEC 1745 (2/92) CUSIP No. 229385307 13G Page 7 of 8 Pages This statement is filed to reflect a change in the trustees of the Base Assets Trust. On February 27, 1995, Karl W. Dolk was appointed trustee and replaced Richard D. Baum. No change has occurred in the ownership of securities held by Base Assets Trust that are the subject of this statement. Item 5 Ownership of Five Percent or Less of a Class Not applicable. Item 6 Ownership of More than Five Percent on Behalf of Another Person To the knowledge of the reporting persons, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the $.06 Senior Convertible Voting Preferred Stock (Non-Cumulative). Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not applicable. Item 8 Identification and Classification of Members of the Group Not applicable. Item 9 Notice of Dissolution of Group Not applicable. Item 10 Certification By signing below the undersigned certify that, to the best of their 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 purposes or effect. SEC 1745 (2/92) CUSIP No. 229385307 13G Page 8 of 8 Pages Signature After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: February 13, 1996 BASE ASSETS TRUST U/A/D September 3, 1993, as amended and restated May 6, 1994 /s/ KARL W. DOLK By: ______________________________ KARL W. DOLK, Trustee /s/ WILBERT F. SCHWARTZ By: ______________________________ WILBERT F. SCHWARTZ, Trustee /s/ THOMAS E. ARNOLD By: _____________________________ THOMAS E. ARNOLD, Trustee SEC 1745 (2/92) -----END PRIVACY-ENHANCED MESSAGE-----