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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D-A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
CE FRANKLIN LTD.
(Name of Issuer)
COMMON STOCK, NO PAR VALUE PER SHARE
(Title of Class of Securities)
125151100
(CUSIP Number)
NEAL S. SUTTON
16740 HARDY STREET
HOUSTON, TEXAS 77032
(281) 233-5060
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
JUNE 12, 2001
(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 that 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: [ ].
(Continued on following pages)
(Page 1 of 5)
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CUSIP NO. 125151100 Page 2 of 5 Pages
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1. Name of Reporting Person
I.R.S. Identification No. of Above Person
Smith International, Inc. 95-3822631
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2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds
WC
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5. Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Delaware
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7. Sole Voting Power 8,971,582
Number of
Shares --------------------------------------------------------------
Beneficially 8. Shared Voting Power 0
Owned by
Each Reporting --------------------------------------------------------------
Person 9. Sole Dispositive Power 8,971,582
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10. Shared Dispositive Power 0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
8,971,582
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12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares [ ]
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13. Percent of Class Represented by Amount in Row (11)
52%
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14. Type of Reporting Person
CO, HC
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CUSIP NO. 125151100 Page 3 of 5 Pages
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ITEM 1. SECURITY AND ISSUER.
This Amendment No. 1 to Schedule 13D is filed by the undersigned to amend
and supplement the Schedule 13D, dated as of April 10, 2001 (the "Original
13D"). The Original 13D related to the acquisition by Smith International, Inc.
("Smith") of the common shares, no par value per share (the "CE Franklin Common
Stock"), of CE FRANKLIN LTD., an Alberta corporation (the "Company"). This
Amendment No. 1 to Schedule 13D reports Smith's acquisition of additional shares
of the CE Franklin Common Stock. The principal executive offices of the Company
are at Suite 1900, 300 - 5th Avenue S.W., Calgary, Alberta, Canada T2P 3C4.
Capitalized terms used herein and not otherwise defined shall have the meanings
set forth in the Original 13D.
ITEM 2. IDENTITY AND BACKGROUND
Unchanged
ITEM 3. SOURCE AND AMOUNT OF FUNDS.
Item 3 of the Original 13D is amended by adding the following paragraph
after the second paragraph:
"In April and May of 2001, Smith acquired on the open market an
aggregate of 3,300 shares and 142,100 shares, respectively, of CE
Franklin Common Stock. On June 12, 2001, Smith acquired an additional
250,000 shares of CE Franklin Common Stock in a private transaction.
The amount of funds utilized to effect the transactions was $1,311,733,
net of commissions. Smith utilized working capital to acquire these
additional shares."
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 of the Original 13D is amended by adding the following paragraph
after the third paragraph:
"In April and May of 2001, Smith acquired, on the open market, an
aggregate of 3,300 shares and 142,100 shares, respectively, of CE
Franklin Common Stock. Additionally, on June 12, 2001, Smith acquired
250,000 shares of CE Franklin Common Stock in a private transaction."
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and restated in its entirety to read as follows:
"(a) Smith is the beneficial owner of 8,971,582 shares of CE Franklin
Common Stock (the "CE Franklin Shares"), representing approximately 52% of the
issued and outstanding shares of CE Franklin Common Stock.
(b) Smith has the sole power to vote or to direct the vote as well as the
sole power to dispose or direct the disposition of all 8,971,582 shares.
(c) Except as described herein, Smith has not effected any transaction in
the CE Franklin Common Stock in the past 60 days.
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CUSIP NO. 125151100 Page 4 of 5 Pages
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(d) No party other than Smith has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, the CE
Franklin Shares.
See Item 3 above with respect to how and when the CE Franklin Shares were
acquired."
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Unchanged
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Unchanged
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CUSIP NO. 125151100 Page 5 of 5 Pages
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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 5, 2001
SMITH INTERNATIONAL, INC.
By: /s/ NEAL S. SUTTON
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Neal S. Sutton
Senior Vice President -
Administration, General
Counsel and Secretary