-----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, N8rTxTVmzDSVCpcblH/8EyCmS0xN7geuzz3sLDG+w2shQJVLrZjk0WGAFMKmffQ0 2LNicFsbRDE/F6jljOVgcg== 0001050929-98-000031.txt : 19980121 0001050929-98-000031.hdr.sgml : 19980121 ACCESSION NUMBER: 0001050929-98-000031 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980120 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CAL DIVE INTERNATIONAL INC CENTRAL INDEX KEY: 0000866829 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 953409686 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-51259 FILM NUMBER: 98509352 BUSINESS ADDRESS: STREET 1: 13430 NORTHWEST FREEWAY STE 350 CITY: HOUSTON STATE: TX ZIP: 77040 BUSINESS PHONE: 7136901818 MAIL ADDRESS: STREET 1: 13430 NORTHWEST FREEWAY STREET 2: SUITE 350 CITY: HOUSTON STATE: TX ZIP: 77040 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NEWMAN TANNENBAUM HELPERN SYRACUSE & HIRSCHTRITT LLP CENTRAL INDEX KEY: 0001050929 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 132933329 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 900 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2125086780 MAIL ADDRESS: STREET 2: 900 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D 1 AMENDMENT NO. 2 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 2 TO SCHEDULE 13D Under the Securities Exchange Act of 1934 CAL DIVE INTERNATIONAL, INC. ------------------------------------------- (Name of Issuer) Common Stock, no par value ----------------------------------------- (Title of Class of Securities) 0001279141 ------------------------------------------ (CUSIP NUMBER) CAMBRIDGE INVESTMENTS, LTD. 600 Montgomery Street 43rd Floor San Francisco, California 94111 Tel. No.: (415) 781-0866 ----------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) - with copies to - Michael G. Tannenbaum, Esq. Newman Tannenbaum Helpern Syracuse & Hirschtritt LLP 900 Third Avenue - 13th Floor New York, New York 10022 (212) 508-6700 December 10, 1997 ------------------------------------------ (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 [ ] 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, as amended ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. Page 1 of 7 Pages - ----------------------- ------------------------ CUSIP No. 0001279141 13D - ------------------------ ------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Cambridge Investments, Ltd. - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 872,346 shares of Common Stock (See Item 5) OWNED BY EACH REPORTING PERSON WITH - ------------------------------------------------------------------------------- 8 SHARED VOTING POWER 0 shares of Common Stock (See Item 5) - ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 872,346 shares of Common Stock (See Item 5) - ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 shares of Common Stock (See Item 5) - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 872,346 shares of Common Stock (See Item 5.) - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.00% of Common Stock (See Item 5) - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 2 of 7 Pages AMENDMENT NO. 2 OF SCHEDULE 13D This Amendment No. 2 to Schedule 13D is being filed on behalf of Cambridge Investments, Ltd., a California corporation ("Cambridge"), registered as an investment advisor in the State of California, regarding shares of Cal Dive International, Inc. acquired on behalf of certain of its clients. Item 1. Security and Issuer Securities acquired: Common Stock, no par value Issuer: Cal Dive International, Inc. 13430 Northwest Freeway Suite 350 Houston, Texas 77040 Tel. No. (281) 618-0400 Item 2. Identity and Background There is no change in this section. Item 3. Source and Amount of Funds Cambridge, through Cambridge Energy Fund International Ltd. ("CEF"), Cambridge Energy, L.P. ("CELP"), Cambridge Oil & Gas, L.P. ("COG"), Cambridge Oil & Gas International, Ltd. ("COG Int'l"), Palamundo, LDC ("PAL"), and Quantum Partners, LDC ("QUE") (collectively, the "Funds"), has invested approximately $18,877,293.49 in Common Stock of the Issuer as described in Item 5 below. CEF, CELP, COG, COG Int'l, PAL, and QUE, have invested approximately $5,911,633.02, $7,061,960.73, $1,533,441.56, $1,070,582.29, $291,446.74, and $3,008,229.15, respectively. The source of these funds was the respective working capital of each of the Funds. Item 4. Purpose of the Transaction There is no change in this section. Item 5. Interest in Securities of the Issuer (a) As of December 12, 1997, Cambridge is the beneficial owner of 872,346 shares of Common Stock, or 6.00% of the shares outstanding. Of the 872,346 shares of Common Stock described above, (i) 299,888 are deemed beneficially owned by Cambridge in its capacity as investment advisor for the institutional account of CEF; (ii) 330,729 are Page 3 of 7 Pages deemed beneficially owned by Cambridge in its capacity as investment advisor for the institutional account of CELP; (iii) 74,670 are deemed beneficially owned by Cambridge in its capacity as investment advisor for the institutional account of COG; (iv) 37,151 are deemed beneficially owned by Cambridge in its capacity as investment advisor for the institutional account of COG Int'l; (v) 13,408 are deemed beneficially owned by Cambridge in its capacity as investment advisor for the institutional account of PAL; and (vi) 116,500 are deemed beneficially owned by Cambridge in its capacity as investment advisor for the institutional account of QUE. The number of shares beneficially owned by Cambridge, and the percentage of outstanding shares represented thereby, have been computed in accordance with Rule 13d-3 under the Act. The percentage of ownership of Cambridge on December 12, 1997 is based on an aggregate of 14,524,831 shares of Common Stock outstanding as reported in the Issuer's 10-Q dated September 30, 1997. (b) Cambridge has the sole power to vote and dispose of shares of the Common Stock held for the institutional accounts of CEF, CELP, COG, COG Int'l., PAL, and QUE, mentioned above. (c) The transactions in the Issuer's securities by Cambridge since the last filing are listed as Annex A attached hereto and made apart hereof. (d) CEF, CELP, COG, COG Int'l, PAL, QUE, respectively, have the right to participate in the receipt of dividends and/or proceeds from the sale of securities held on behalf of such funds. (e) There is no change in this subsection. Item 6. Contracts, Arrangement, Understandings or Relationships with Respect to Securities of the Issuer There is no change in this section. Item 7. Material to be Filed as Exhibits There is change in this section. Page 4 of 7 Pages - --------------------------------------------------------------------------------------------- CDIS - --------------------------------------------------------------------------------------------- DATE ACCOUNT TRANS SHARES PRICE (A/D) ($) - --------------------------------------------------------------------------------------------- 11/12/97 CEF D 4200 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 CEF D 2500 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 CEF D 1050 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 CEF D 2200 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 CEF D 1550 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 CEF D 4200 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 CEF D 1475 33.6 - --------------------------------------------------------------------------------------------- 11/12/97 CEF D 925 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 CELP D 2200 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 CELP D 1500 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 CELP D 1500 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 CELP D 2500 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 CELP D 4200 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 CELP D 1050 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 CELP D 4200 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 CELP D 950 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 COG D 4000 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 COGI D 2000 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 PAL D 800 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 QUE D 450 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 QUE D 600 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 QUE D 400 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 QUE D 1800 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 QUE D 1650 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 QUE D 1100 33.62 - --------------------------------------------------------------------------------------------- 11/12/97 QUE D 1000 33.62 - --------------------------------------------------------------------------------------------- 11/13/97 CEF D 5000 32.88 - --------------------------------------------------------------------------------------------- 11/13/97 CEF D 100 32.88 - --------------------------------------------------------------------------------------------- 11/13/97 CEF D 6300 32.88 - --------------------------------------------------------------------------------------------- 11/13/97 CEF D 625 32.88 - --------------------------------------------------------------------------------------------- 11/13/97 CELP D 6300 32.88 - --------------------------------------------------------------------------------------------- 11/13/97 CELP D 2100 32.88 - --------------------------------------------------------------------------------------------- 11/13/97 CELP D 100 32.88 - --------------------------------------------------------------------------------------------- 11/13/97 CELP D 3200 32.88 - --------------------------------------------------------------------------------------------- 11/13/97 COG D 3575 32.89 - --------------------------------------------------------------------------------------------- 11/13/97 COGI D 1625 32.89 - --------------------------------------------------------------------------------------------- 11/13/97 PAL D 250 32.84 - --------------------------------------------------------------------------------------------- 11/13/97 PAL D 75 32.84 - --------------------------------------------------------------------------------------------- 11/13/97 QUE D 3250 32.88 - --------------------------------------------------------------------------------------------- 11/14/97 CEF D 1850 31.37
Page 5 of 7 Pages - --------------------------------------------------------------------------------------------- 11/14/97 CELP D 1800 31.37 - --------------------------------------------------------------------------------------------- 11/14/97 COG D 550 31.38 - --------------------------------------------------------------------------------------------- 11/14/97 COGI D 250 31.38 - --------------------------------------------------------------------------------------------- 11/14/97 PAL D 50 31.75 - --------------------------------------------------------------------------------------------- 11/14/97 QUE D 400 31.35 - --------------------------------------------------------------------------------------------- 11/14/97 QUE D 100 31.34 - --------------------------------------------------------------------------------------------- 11/17/97 CEF D 1850 31.99 - --------------------------------------------------------------------------------------------- 11/17/97 CELP D 1800 31.99 - --------------------------------------------------------------------------------------------- 11/17/97 COG D 550 32 - --------------------------------------------------------------------------------------------- 11/17/97 COGI D 250 32 - --------------------------------------------------------------------------------------------- 11/17/97 PAL D 50 32 - --------------------------------------------------------------------------------------------- 11/17/97 QUE D 500 31.97 - --------------------------------------------------------------------------------------------- 11/18/97 QUE D 7500 31.66 - --------------------------------------------------------------------------------------------- 12/04/97 PAL D 1404 28.99 - --------------------------------------------------------------------------------------------- 12/05/97 CEF D 900 27.98 - --------------------------------------------------------------------------------------------- 12/05/97 CELP D 800 27.98 - --------------------------------------------------------------------------------------------- 12/05/97 QUE D 300 28 - --------------------------------------------------------------------------------------------- 12/08/97 CEF D 3360 28.62 - --------------------------------------------------------------------------------------------- 12/08/97 CEF D 12480 28.62 - --------------------------------------------------------------------------------------------- 12/08/97 CEF D 6000 28.62 - --------------------------------------------------------------------------------------------- 12/08/97 CEF D 1908 28.62 - --------------------------------------------------------------------------------------------- 12/08/97 CEF D 2252 28.62 - --------------------------------------------------------------------------------------------- 12/08/97 CELP D 989 28.62 - --------------------------------------------------------------------------------------------- 12/08/97 CELP D 5411 28.62 - --------------------------------------------------------------------------------------------- 12/08/97 QUE D 2600 28.62 - --------------------------------------------------------------------------------------------- 12/09/97 CEF D 3120 28.31 - --------------------------------------------------------------------------------------------- 12/09/97 CEF D 148 28.31 - --------------------------------------------------------------------------------------------- 12/09/97 CEF D 3832 28.31 - --------------------------------------------------------------------------------------------- 12/09/97 CELP D 714 28.31 - --------------------------------------------------------------------------------------------- 12/09/97 CELP D 1586 28.31 - --------------------------------------------------------------------------------------------- 12/09/97 QUE D 1200 28.3 - --------------------------------------------------------------------------------------------- 12/10/97 CEF D 332 27.49 - --------------------------------------------------------------------------------------------- 12/10/97 CEF D 2168 27.49 - --------------------------------------------------------------------------------------------- 12/11/97 CEF D 2000 26.87 - --------------------------------------------------------------------------------------------- 12/12/97 CEF D 1650 26.49 - --------------------------------------------------------------------------------------------- 12/12/97 CELP D 600 26.48 - --------------------------------------------------------------------------------------------- 12/12/97 QUE D 250 26.44 =============================================================================================
Page 6 of 7 Pages Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: January 16, 1998 CAMBRIDGE INVESTMENTS, LTD. By: Jocelyn E. Weingart, Vice President Page 7 of 7 Pages -----END PRIVACY-ENHANCED MESSAGE-----