-----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, Hrax9u2fwh5i0BiAUEzHY3tklkhWozVfR8/GpgBXMdvpQgMS9wGVgQgDa6FPslPW IUC8/E3Ise/iQLAZpQbZOQ== 0000944209-00-000230.txt : 20000216 0000944209-00-000230.hdr.sgml : 20000216 ACCESSION NUMBER: 0000944209-00-000230 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000215 GROUP MEMBERS: MARK E. STROME GROUP MEMBERS: SSCO, INC. GROUP MEMBERS: STROME INVESTMENT MANAGEMENT LP GROUP MEMBERS: STROME INVESTMENT MANAGEMENT, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PLAINS RESOURCES INC CENTRAL INDEX KEY: 0000350426 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PETROLEUM & PETROLEUM PRODUCTS (NO BULK STATIONS) [5172] IRS NUMBER: 132898764 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-33092 FILM NUMBER: 544905 BUSINESS ADDRESS: STREET 1: 500 DALLAS STREET 2: STE 700 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7136541414 MAIL ADDRESS: STREET 1: 1600 SMITH STREET STREET 2: SUITE 1500 CITY: HOUSTON STATE: TX ZIP: 77002 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STROME INVESTMENT MANAGEMENT LP CENTRAL INDEX KEY: 0000936711 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 954450882 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 100 WILSHIRE BLVD STREET 2: 15TH FLOOR CITY: SANTA MONICA STATE: CA ZIP: 90401 MAIL ADDRESS: STREET 1: 100 WILSHIRE BLVD STREET 2: 15TH FLOOR CITY: SANTA MONICA STATE: CA ZIP: 90401 FORMER COMPANY: FORMER CONFORMED NAME: STROME SUSSKIND INVESTMENT MANAGEMENT LP DATE OF NAME CHANGE: 19950202 SC 13G/A 1 SCHEDULE 13G AMENDMENT NO. 6 -------------------------------- OMB APPROVAL -------------------------------- OMB Number: 3235-0145 Expires: August 31, 1999 Estimated average burden hours per form ........14.90 -------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 6)* PLAINS RESOURCES, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title and Class of Securities) 132898764 - -------------------------------------------------------------------------------- (CUSIP Number) 12/31/99 ------------------------------------------------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * 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. 132898764 PAGE 2 OF 11 PAGES - ----------------------- ---------------------- - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS 1 Strome Investment Management, L.P. 95-4450882 - ------------------------------------------------------------------------------ CHECK THE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [ ] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER NUMBER OF 5 SHARES ------------------------------------------------------------ SHARED VOTING POWER BENEFICIALLY 6 1,080,589 OWNED BY ------------------------------------------------------------ SOLE DISPOSITIVE POWER EACH 7 REPORTING ------------------------------------------------------------ SHARED DISPOSITIVE POWER PERSON 8 1,080,589 WITH - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 1,080,589 - ------------------------------------------------------------------------------ 10 CHECK THE BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 6.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 PN, IA - ------------------------------------------------------------------------------ - ----------------------- ---------------------- CUSIP NO. 132898764 PAGE 3 OF 11 PAGES - ----------------------- ---------------------- - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS 1 SSCO, Inc. 95-4450883 - ------------------------------------------------------------------------------ CHECK THE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [ ] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER NUMBER OF 5 SHARES ------------------------------------------------------------ SHARED VOTING POWER BENEFICIALLY 6 1,080,589 OWNED BY ------------------------------------------------------------ SOLE DISPOSITIVE POWER EACH 7 REPORTING ------------------------------------------------------------ SHARED DISPOSITIVE POWER PERSON 8 1,080,589 WITH - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 1,080,589 - ------------------------------------------------------------------------------ 10 CHECK THE BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 6.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 CO, HC - ------------------------------------------------------------------------------ - ----------------------- ---------------------- CUSIP NO. 132898764 PAGE 4 OF 11 PAGES - ----------------------- ---------------------- - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS 1 Mark E. Strome - ------------------------------------------------------------------------------ CHECK THE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [ ] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER NUMBER OF 5 SHARES ------------------------------------------------ SHARED VOTING POWER BENEFICIALLY 6 1,080,589 OWNED BY ------------------------------------------------ SOLE DISPOSITIVE POWER EACH 7 REPORTING ------------------------------------------------ SHARED DISPOSITIVE POWER PERSON 8 WITH 1,080,589 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 1,080,589 - ------------------------------------------------------------------------------ 10 CHECK THE BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 6.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IN, HC - ------------------------------------------------------------------------------ - ----------------------- ---------------------- CUSIP NO. 132898764 PAGE 5 OF 11 PAGES - ----------------------- ---------------------- Item 1 (a) Name of Issuer: Plains Resources, Inc. Item 1 (b) Address of Issuer's Principal Executive Offices: 1600 Smith Street Houston, TX 77002 Item 2 (a) Name of Person Filing: This statement is being filed by: a. Strome Investment Management, L.P. ("SIM"); b. SSCO, Inc. ("SSCO"); and c. Mark E. Strome ("Strome"). (b) Address of Principal Business Office or, if none, Residence: a. 100 Wilshire Blvd., Suite 1500, Santa Monica, CA 90401 b. 100 Wilshire Blvd., Suite 1500, Santa Monica, CA 90401 c. 100 Wilshire Blvd., Suite 1500, Santa Monica, CA 90401 (c) Citizenship: a. Delaware b. Delaware c. United States Item 2 (d) Title of Class of Securities: Common Stock (INCLUDES Series' E and F Preferred Stock) Item 2 (e) CUSIP Number: 132898764 Item 3. If this statement is filed pursuant to (S)(S)240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a : (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with (S)(S)240.13d- 1(b)(1)(ii)(E). (f) [ ] An employee benefit plan or endowment fund in accordance with (S)(S)240.13d-1(b)(ii)(F). (g) [ ] A parent holding company or control person in accordance with (S)(S)240.13d-1(b)(1)(ii)(G). (h) [ ] A savings association as defined in Section 3(b) of - ----------------------- ---------------------- CUSIP NO. 132898764 PAGE 6 OF 11 PAGES - ----------------------- ---------------------- the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). (j) [X] Group in accordance with (S)(S)240.13d-1(b)(ii)(J). This statement is filed by Strome Investment Management, L.P., an investment adviser registered under the Investment Advisers Act of 1940, its control persons, SSCO, Inc., its sole general partner, and Mark E. Strome. (See, also, Exhibit A.) Item 4. Ownership: Amount Beneficially Owned: Common Stock: (a) Amount Beneficially Owned: 1,080,589 (b) Percent of Class: 6.0% (c) Number of shares as to which the joint filers have: (i) sole power to vote or direct the vote: 0 (ii) shared power to vote or direct the vote: 1,080,589 (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose of or to direct the disposition of: 1,080,589 The shares reported herein are Preferred Stock Series E (convertible into 377,099 shares of Common Stock), Preferred Stock Series F (convertible into 244,890 shares of Common Stock) and 458,600 shares of Common Stock. Item 5. Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class securities, check the following [ ]. Item 6. Ownership of More than Five Percent on Behalf of Another Person: SIM, a registered investment adviser, SSCO, its general partner and Strome, the trustee of SSCO's controlling shareholder, have the right or the power to direct the receipt of dividends from the Stock, and to direct the receipt of proceeds from the sale of Stock to SIM's investment advisory clients, including SOL. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. SSCO and Strome are each considered the equivalent of a parent holding company for purposes of this Schedule 13G. SIM, a registered investment adviser, is considered SSCO and Strome's subsidiary. Item 8. Identification and Classification of Members of the Group: - ----------------------- ---------------------- CUSIP NO. 132898764 PAGE 7 OF 11 PAGES - ----------------------- ---------------------- Not Applicable Item 9. Notice of Dissolution of Group: Not Applicable Item 10. Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with 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. Date: February 10, 2000 STROME INVESTMENT MANAGEMENT, L.P. By SSCO, Inc., its General Partner By: /s/ Jeffrey S. Lambert ---------------------------------- Jeffrey S. Lambert Chief Operating Officer SSCO, INC. By: /s/ Jeffrey S. Lambert ---------------------------------- Jeffrey S. Lambert Chief Operating Officer MARK E. Strome By: /s/ Jeffrey S. Lambert ---------------------------------- Jeffrey S. Lambert for Mark E. Strome by Power of Attorney - ----------------------- ---------------------- CUSIP NO. 132898764 PAGE 8 OF 11 PAGES - ----------------------- ---------------------- EXHIBITS EXHIBIT A Identification and Classification of Members of the Group EXHIBIT B Statement With Respect to Joint Filing of Schedule 13G EXHIBIT C Power of Attorney for Schedules 13D and 13G and Form 13F - ----------------------- ---------------------- CUSIP NO. 132898764 PAGE 9 OF 11 PAGES - ----------------------- ---------------------- EXHIBIT A Identification and Classification of Members of the Group Pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the members of the group making this joint filing are identified and classified as follows: Strome Investment Management, L.P. Investment Adviser registered under (the "Adviser") the Investment Advisers Act of 1940. SSCO, Inc. ("General Partner") A control person due to its role as General Partner of the Adviser. Mark E. Strome A control person of the Adviser and the settlor and trustee of the trust that is the controlling shareholder of the General Partner. - ----------------------- ---------------------- CUSIP NO. 132898764 PAGE 10 OF 11 PAGES - ----------------------- ---------------------- EXHIBIT B JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1 --------------------------------------------- This agreement is made pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, as amended (the "Act") by and among the parties listed below, each referred to herein as a "Joint Filer." The Joint Filers agree that a statement of beneficial ownership as required by Section 13(d) of the Act and the Rules thereunder may be filed on each of their behalf on Schedule 13D or Schedule 13G, as appropriate, and that said joint filing may thereafter be amended by further joint filings. The Joint Filers states that they each satisfy the requirements for making a joint filing under Rule 13d-1. Dated: February 10, 2000 STROME SUSSKIND INVESTMENT MANAGEMENT, L.P. By SSCO, Inc., its General Partner By: /s/ Jeffrey S. Lambert ---------------------------------- Jeffrey S. Lambert Chief Financial Officer SSCO, INC. By: /s/ Jeffrey S. Lambert ---------------------------------- Jeffrey S. Lambert Chief Financial Officer MARK E. STROME By: /s/ Jeffrey S. Lambert ---------------------------------- Jeffrey S. Lambert for Mark E. Strome by Power of Attorney - ----------------------- ---------------------- CUSIP NO. 132898764 PAGE 11 OF 11 PAGES - ----------------------- ---------------------- EXHIBIT C POWER OF ATTORNEY FORM FOR SCHEDULES 13D AND 13G AND FORM 13F I, Mark E. Strome in my individual capacity and as a principal of Strome Investment Management, L.P., hereby appoint Jeffrey S. Lambert as attorney-in- fact and agent, in all capacities, to execute, on my behalf and on behalf of Strome Investment Management, L.P. and to file with the appropriate issuers, exchanges and regulatory authorities, any and all Schedules 13D and 13G and Forms 13F and documents relating thereto required to be filed under the Securities Exchange Act of 1934, as amended, including exhibits, attachments and amendments thereto and request for confidential information contained therein. I hereby grant to said attorney-in-fact full authority to do every act necessary to be done in order to effectuate the same as fully, to all intents and purposes, as I could if personally present, thereby ratifying all that said attorneys-in-fact and agents may lawfully do or cause to be done by virtue hereof. I hereby execute this power of attorney on this 15th day of March, 1999 /s/ Mark E. Strome ______________________________ Mark E. Strome -----END PRIVACY-ENHANCED MESSAGE-----