Schedule 13G Amendment No. 2
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

 

 

CRIMSON EXPLORATION INC.

(Name of Issuer)

 

 

Common Stock

(Title of Class of Securities)

 

 

22662K108

(CUSIP Number)

 

 

February 12, 2008

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

x 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 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).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

CUSIP No. 22662K108    Page 2 of 5

 

  1  

NAMES OF REPORTING PERSONS:

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):

 

            Gregory P. Pipkin

    
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

(a)  ¨

(b)  ¨

    
  3  

SEC USE ONLY:

 

    
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

            United States of America

    

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH:  

 

  

  5    SOLE VOTING POWER:

 

            -0-(1)

 

  6    SHARED VOTING POWER:

 

            -0-

 

  7    SOLE DISPOSITIVE POWER:

 

            -0-(1)

 

  8    SHARED DISPOSITIVE POWER:

 

            -0-

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

            -0-(1)

    
10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

 

 

  

¨

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

 

             0%

    
12  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

 

            IN

    

 

1

See Item 4.

CUSIP No.

    22662K108    Page 3 of 5

 

Item 1.  

(a)

    Name of Issuer:      
     Crimson Exploration Inc.      
 

(b)

    Address of Issuer’s Principal Executive Offices:      
    

480 N. Sam Houston Parkway E

Suite 300

Houston Texas 77060

      
Item 2.  

(a)-(c)

    Name, Address and Citizenship of Person Filing:      
    

Gregory P. Pipkin

11227 Smithdale Road

Houston, Texas 77024

United States of America

      
 

(d)

    Title of Class of Securities:      
     Common Stock      
 

(e)

    CUSIP Number:      
     22662K108      
Item 3.   If this statement is filed pursuant to Rule 13d-1(b) or 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 of 1940 (15 U.S.C. 80a-8);
  (e)    ¨    An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
  (f)    ¨    An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
  (g)    ¨    A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
  (h)    ¨    A savings association as defined in Section 3(b) of 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)    ¨    Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

CUSIP No.

    22662K108    Page 4 of 5

 

Item 4.    Ownership      
   The information in items 5 through 11 on the cover page (page 2) on Schedule 13G is hereby incorporated by reference.      
   Item 4 is hereby amended as follows:      
   The aggregate number of common shares of the Issuer reported held by the Reporting Person on Schedule 13G/A filed with the SEC on November 29, 2007, included 27,778 shares of Common Stock to be received upon conversion of Series G Convertible Preferred Stock beneficially owned by the Reporting Person, and 6,324 shares of Common Stock to be received upon conversion of accrued and unpaid dividends on the Series G Convertible Preferred Stock. On December 3, 2007, the Reporting Person converted all of the shares of Series G Convertible Preferred Stock and the accrued and unpaid dividends owned by him into 34,821 shares of common stock. Following the conversion of the shares of Series G Convertible Preferred Stock and the accrued and unpaid dividends on the Series G Convertible Preferred Stock, the Reporting Person held 319,557 shares of common stock of the Issuer.      
   On February 12, 2008, the Reporting Person sold 1,400 shares of common stock; on February 15, 2008, the Reporting Person sold 9,993 shares of common stock; on February 22, 2008, the Reporting Person sold 308,164 shares of common stock. The Reporting Person no longer has any voting or dispositive power over the 319,557 shares of common stock of the Issuer sold over the period between February 12, 2008 and February 22, 2008.      
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.      
   Not applicable.      
Item 7.    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
   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.    Certifications.      
   By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.      

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.

February 25, 2008

Date

 

/s/ Gregory P. Pipkin

Signature
Gregory P. Pipkin