-----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, UVPSezbY7KqzJaWPZcUOOzV4U6Shl4yxsAKa2H22jsgxLt8h4pHXhU4xoneJcTXW mi2HEWOdjtDEP64jtOMxXQ== 0000902664-96-000106.txt : 19960826 0000902664-96-000106.hdr.sgml : 19960826 ACCESSION NUMBER: 0000902664-96-000106 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960823 SROS: NYSE GROUP MEMBERS: ARDSLEY ADVISORY PARTNERS GROUP MEMBERS: ARDSLEY PARTNERS FUND I, L.P. GROUP MEMBERS: ARDSLEY PARTNERS FUND II, L.P. GROUP MEMBERS: ARDSLEY PARTNERS INSTITUTIONAL FUND, L.P. GROUP MEMBERS: PHILIP J. HEMPLEMAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TESORO PETROLEUM CORP /NEW/ CENTRAL INDEX KEY: 0000050104 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 950862768 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-32167 FILM NUMBER: 96620089 BUSINESS ADDRESS: STREET 1: 8700 TESORO DR CITY: SAN ANTONIO STATE: TX ZIP: 78217 BUSINESS PHONE: 2108288484 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ARDSLEY ADVISORY PARTNERS CENTRAL INDEX KEY: 0000900529 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 0 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 646 STEAMBOAT ROAD CITY: GREENWICH STATE: CT ZIP: 06830 MAIL ADDRESS: STREET 1: CHRISTINE Y HOMER STREET 2: 900 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934* (Amendment No. 2 ) TESORO PETROLEUM CORPORATION - - ------------------------------------------------------------------------------ (Name of Issuer) Common Stock, par value $0.16-2/3 per share - - ------------------------------------------------------------------------------ (Title of Class of Securities) 000881609101 - - ------------------------------------------------------------------------------ (CUSIP Number) Philip J. Hempleman Ardsley Advisory Partners 646 Steamboat Road Greenwich, CT 06830 (203) 629-0661 - - ------------------------------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 20, 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 this 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 less than five percent of such class. See Rule 13d-7.) Page 1 of 10 Pages _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Philip J. Hempleman _____________________________________________________________________________ (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 BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut _____________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER 0 SHARES ______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER 1,194,000 OWNED BY ______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER 1,194,000 _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,194,000 _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.5% _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON ** IN _____________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT Page 6 of 10 Pages The Schedule 13D, initially filed on July 20, 1992, of Ardsley Advisory Partners ("Ardsley"), Ardsley Partners Fund II, L.P., Ardsley Partners Fund I, L.P., Ardsley Partners Institutional Fund, L.P. (each a "Partnership" and collectively the "Partnerships"), and Mr. Philip J. Hempleman, relating to the common stock, $0.16-2/3 par value (the "Shares"), of Tesoro Petroleum Corporation (the "Company"), is hereby amended by this Amendment No. 2 to the Schedule 13D as follows: Items 3 and 5 are hereby amended and restated in their entirety as follows: ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The net investment cost (including commissions, if any) of the Shares beneficially owned by Ardsley (exclusive of the Partnership Shares), Ardsley Partners Fund II, L.P., Ardsley Partners Fund I, L.P. and Ardsley Partners Institutional Fund, L.P. is approximately $9,567,278.18, $793,045.00, $778,585.00 and $383,147.30, respectively. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) The approximate aggregate percentage of Shares reported beneficially owned by each person herein is based on the number of outstanding Shares as of July 31, 1996, as reflected in the Form 10-Q of the Company filed with the Securities and Exchange Commission by the Company on August 14, 1996, equal to 26,329,156. As of the close of business on August 20, 1996: (i) Mr. Hempleman owns directly no Shares. By reason of Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the "Act"), Mr. Hempleman may be deemed to own beneficially the 964,000 Discretionary Shares (constituting approximately 3.7% of the Shares outstanding), and the 230,000 Partnership Shares (constituting approximately 0.87% of the Shares outstanding and, together with the Shares held in discretionary accounts, 4.5%). (ii) Ardsley owns directly no Shares. By reason of the provisions of Rule 13D-3 of the Act, Ardsley may be deemed to own beneficially the 964,000 Discretionary Shares (constituting approximately 3.7% of the Shares outstanding), and the 230,000 Partnership Shares (constituting approximately 0.87% of the Shares outstanding and, together with the Discretionary Shares, 4.5%). Page 7 of 10 Pages (iii) Ardsley Partners Fund II, L.P. owns beneficially 90,000 Shares, constituting approximately 0.34% of the Shares outstanding. (iv) Ardsley Partners Fund I, L.P. owns beneficially 95,000 Shares, constituting approximately 0.36% of the Shares outstanding. (iv) Ardsley Partners Institutional Fund, L.P. owns beneficially 45,000 Shares, constituting approximately 0.17% of the Shares outstanding. (b) Mr. Hempleman has the shared power to vote 1,194,000 Shares, the sole power to vote no Shares, the shared power to dispose of 1,194,000 Shares and the sole power to dispose of no Shares. Each Partnership has the power to vote and dispose of the Share owned by it, which power may be exercised by the General Partner or investment manager of each such Partnership. (c) The trading dates, number of shares of Common Stock purchased or sold and price per share for all transactions in the Shares from May 7, 1996 until August 20, 1996 by Ardsley on behalf of discretionary accounts other than the Partnerships are set forth on Schedule A. All such transactions were effected through the New York Stock Exchange. During such period, none of the Partnerships entered into any transactions in the Shares. (d) No person other than each respective record owner referred to herein of shares of Common Stock is known to have the right to receive or the power to direct the receipt of dividends from or the proceeds of sale of such shares of Common Stock. (e) Ardsley, Mr. Hempleman and the Partnerships ceased to be the beneficial owners of more than 5% of the Shares on August 20, 1996. Page 8 of 10 Pages 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. August 20, 1996 /s/ Philip J. Hempleman Philip J. Hempleman, as Managing Partner of Ardsley Advisory Partners /s/ Philip J. Hempleman Philip J. Hempleman, as General Partner of Ardsley Partners Fund II, L.P. /s/ Philip J. Hempleman Philip J. Hempleman, as General Partner of Ardsley Partners Fund I, L.P. /s/ Philip J. Hempleman Philip J. Hempleman, as General Partner of Ardsley Partners Institutional Fund, L.P. /s/ Philip J. Hempleman Philip J. Hempleman Page 9 of 10 Pages Schedule A Date of Transaction Purchase (P)/ Number of Shares Price Per Share Sale (S) 8/15/96 S 57,000 13.25 8/15/96 S 500 13.25 8/16/96 S 49,500 13.25 8/16/96 S 500 13.25 8/16/96 S 500 13.25 8/16/96 S 9,000 13.25 8/16/96 S 3,000 13.25 Page 10 of 10 Pages -----END PRIVACY-ENHANCED MESSAGE-----