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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | 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. | SEC 2270 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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(A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | |||||||||
Phantom Stock (1) | Â | Â | Â | 3 | Â | Â | Â (2) | Â (2) | Common Stock | Â | 3,333 (3) | Â | ||
Phantom Stock (1) | Â | Â | Â | 3 | Â | Â | Â (2) | Â (2) | Common Stock | Â | 6,250 (4) | Â | ||
Phantom Stock (1) | Â | Â | Â | 3 | Â | Â | Â (2) | Â (2) | Common Stock | Â | 6,000 (5) | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Davis James B 808 TRAVIS STREET SUITE 1320 HOUSTON, TX 77002 |
 |  |  Sr. VP, Eng & Op. |  |
/s/ James B. Davis | 04/08/2005 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | These shares of phantom stock were omitted from the reporting person's original Form 3 filed January 7, 2005. This Form 5 amends the reporting person's original Form 3 by adding the omitted holdings reported hereon. |
(2) | The phantom stock vests in increments of one-third on the anniversary date of the grant for three years following the grant. |
(3) | The reporting person received 1,667 shares of common stock of the issuer on December 13, 2004 (the reporting person was not a Section 16 reporting person at the time of this acquisition) and 1,666 shares of common stock of the issuer on February 18, 2005, as reported on a Form 4 dated February 22, 2005. Thus, as of the date of the filing of this Form 5 (April 8, 2005), the reporting person beneficially owns 1,666 shares of phantom stock. The reporting person will receive 1,666 shares of common stock of the issuer (or cash equal to the value of the common stock on the settlement date, in the sole discretion of the issuer) on February 18, 2006, provided the reporting person remains an employee of the issuer on this date. |
(4) | The reporting person received 2,084 shares of common stock of the issuer on February 4, 2005, as reported on a Form 4 dated February 8, 2005. Thus, as of the dated of the filing of this Form 5 (April 8, 2005), the reporting person beneficially owns 4,166 shares of phantom stock. The reporting person will receive 2,084 shares of common stock of the issuer (or cash equal to the value of the common stock on the settlement date, in the sole discretion of the issuer) on February 4, 2006 and 2007, respectively, provided the reporting person remains an employee of the issuer on those dates. |
(5) | The reporting person received 2,000 shares of common stock of the issuer on (or cash equal to the value of the common stock on the settlement date, in the sole discretion of the issuer) on Decmber 6, 2005, 2006 and 2007, respectively, provided the reporting person remains an employee of the issuer on those dates. |
(6) | 1-for-1 |