SCHEDULE 13D/A
(Rule 13d-101)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Under the Securities Exchange Act of 1934
Amendment No. 3
---
Chicago Bridge & Iron Company N.V.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value Euro 0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
N19808109
--------------------------------------------------------------------------------
(CUSIP Number)
Thomas R. Denison - First Reserve Corporation, One Lafayette Place,
Greenwich, CT 06830, (203) 625-2520
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
July 10, 2003
--------------------------------------------------------------------------------
(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(e), 13d-1(f) or 13d-1(g), check the following box
following box. ( )
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
*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).
SEC 1746 (12-91)
------------------- -----------------
CUSIP No. N19808109 SCHEDULE 13D Page 2 of 7 Pages
------------------- -----------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Corporation
I.R.S. No.: 06-1210123
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (X)
(b) ( )
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) ( )
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 6,821,095
OWNED BY ------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,821,095
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,821,095
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
( )
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
15.006%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
------------------- -----------------
CUSIP No. N19808109 SCHEDULE 13D Page 3 of 7 Pages
------------------- -----------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Fund VIII, L.P.
I.R.S. No.: 06-1507364
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (X)
(b) ( )
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) ( )
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 6,821,095
OWNED BY ------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,821,095
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,821,095
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
( )
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
15.006%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
------------------- -----------------
CUSIP No. N19808109 SCHEDULE 13D Page 4 of 7 Pages
------------------- -----------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve GP VIII, L.P.
I.R.S. No.: 06-1507318
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (X)
(b) ( )
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) ( )
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 6,821,095
OWNED BY ------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,821,095
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,821,095
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
( )
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
15.006%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
This Amendment No. 3 to the statement on Schedule 13D originally filed
on January 8, 2001, as amended on February 8, 2001 and July 2, 2003 (the
"Statement"), is filed by First Reserve Fund VIII, L.P. ("Fund VIII"), First
Reserve GP VIII, L.P. ("GP VIII"), and First Reserve Corporation ("First
Reserve," and together with the Funds, the "Reporting Persons") and relates to
the Common Stock, par value Euro 0.01 per share (the "Common Stock"), of Chicago
Bridge & Iron Company N.V., a Company organized under the laws of the
Netherlands (the "Issuer" or "CB&I"). That Schedule 13D is hereby amended as set
forth below.
ITEM 4. PURPOSE OF TRANSACTION.
----------------------
The text of Item 4 of the Statement is hereby amended by adding the
following:
On July 10, 2003, the Underwriters purchased 1,288,881 shares of Common
Stock (the "Over-Allotment Shares") pursuant to the Over-Allotment Option. The
Over-Allotment Shares were sold by Fund VIII to the Underwriters at a price of
$20.662. The Underwriters resold the Over-Allotment Shares to the public at
$21.75 per share.
A registration statement relating to the Over-Allotment Shares has been
filed with the Securities and Exchange Commission and has been declared
effective. This Amendment Number 3 to Schedule 13D shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be any sale of
the Over-Allotment Shares in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of such state. The offering is being made only by means of a prospectus. A
written prospectus meeting the requirements of Section 10 of the Securities Act
of 1933 may be obtained, when available, from Credit Suisse First Boston
Corporation at Eleven Madison Avenue, Prospectus Department, New York, New York,
10010-3629.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
------------------------------------
Item 5 is hereby deleted in its entirety and replaced with the
following:
As of July 10, 2003, the Reporting Persons beneficially owned an
aggregate of 6,821,095 shares of Common Stock, constituting approximately
15.006% of the Common Stock outstanding based on 45,456,725 shares of Common
Stock outstanding as of March 31, 2003, and after giving effect to the offering
of 1,000,000 shares by CB&I in connection with the Underwriting Agreement, as
reported in CB&I's Registration Statement on form S-4 filed June 27, 2003.
(a) As of the date hereof, the Reporting Persons are the beneficial
owners of CB&I Common Stock in the numbers and percentages set forth in the
table below:
5
REPORTING PARTY NUMBER OF SHARES PERCENTAGE OF
BENEFICIALLY OWNED CLASS
Fund VIII (1) 6,821,095 (2) 15.006%
GP VIII (1) 6,821,095 (2) 15.006%
First Reserve (1) 6,821,095 (2) 15.006%
(1) GP VIII is the general partner of Fund VIII and may be deemed to
beneficially own the shares of Common Stock owned by Fund VIII. First Reserve,
as the general partner of GP VIII may be deemed to beneficially own all of the
shares of Common Stock owned by Fund VIII and GP VIII.
(2) Consists of 6,810,895 shares of Common Stock held directly by Fund
VIII, 4,000 shares of Common Stock underlying stock options issued to Ben Guill
with an exercise price of $14.85, 4,000 shares of Common Stock underlying stock
options issued to Ben Guill with an exercise price of $16.025, and 2,200 shares
held by Ben Guill. The option shares issued to Mr. Guill and the shares held by
Mr. Guill were issued to Mr. Guill in his capacity as a director of CB&I. Fund
VIII may be deemed to share dispositive and voting control over the 8,000 shares
underlying the options issued to Mr. Guill and the 2,200 shares held by Mr.
Guill.
(b) Fund VIII shares with its general partner the power to vote or to
direct the vote of the shares directly held by it. GP VIII, as the general
partner of Fund VIII, and First Reserve, in its role as general partner of GP
VIII, shares with Fund VIII the power to cause Fund VIII to dispose of or vote
the shares of Common Stock directly held by Fund VIII.
(c) During the past 60 days, the following transactions were effected:
REPORTING NUMBER OF
PARTY DATE SHARES PRICE TRANSACTION
Fund VIII July 2, 2003 5,522,014 20.662 Common sold
Fund VIII July 10, 2003 1,288,881 20.662 Common sold
(d) To the best 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 power to direct the receipt of proceeds of the sale of the shares of
Common Stock owned by the Reporting Persons.
6
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.
Dated: July 10, 2003.
FIRST RESERVE FUND VIII, L.P.
By: First Reserve GP VIII, L.P., General Partner
By: First Reserve Corporation,
General Partner
By: /s/ Thomas R. Denison
-----------------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE GP VIII, L.P.
By: First Reserve Corporation,
General Partner
By: /s/ Thomas R. Denison
-----------------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE CORPORATION
By: /s/ Thomas R. Denison
----------------------------------------------
Name: Thomas R. Denison
Title: Managing Director
7