UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
General Maritime Corporation
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
--------------------------------------------------------------------------------
(Title of Class of Securities)
Y2692M 10 3
--------------------------------------------------------------------------------
(CUSIP Number)
June 14, 2002
--------------------------------------------------------------------------------
(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 disclosure 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).
CUSIP No.Y2692M 10 3 13G Page 2 of 15 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CHARLES DAVIDSON*
________________________________________________________________________________
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
U.S.A.
________________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
0
SHARES
_________________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
5,619,349*
OWNED BY
_________________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
0
REPORTING
_________________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
5,619,349*
WITH
________________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,619,349*
________________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.2%*
________________________________________________________________________________
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
________________________________________________________________________________
*SEE NOTE TO ITEM 4(A).
CUSIP No.Y2692M 10 3 13G Page 3 of 15 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JOSEPH JACOBS*
________________________________________________________________________________
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
U.S.A.
________________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
0
SHARES
_________________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
5,619,349*
OWNED BY
_________________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
0
REPORTING
_________________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
5,619,349*
WITH
______________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,619,349*
________________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.2%*
________________________________________________________________________________
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
________________________________________________________________________________
*SEE NOTE TO ITEM 4(A).
CUSIP No.Y2692M 10 3 13G Page 4 of 15 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WEXFORD CAPITAL LLC*
________________________________________________________________________________
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
CONNECTICUT
________________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
0
SHARES
_________________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
5,619,349*
OWNED BY
_________________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
0
REPORTING
_________________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
5,619,349*
WITH
______________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,619,349*
________________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.2%*
________________________________________________________________________________
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
________________________________________________________________________________
*SEE NOTE TO ITEM 4(A).
CUSIP No.Y2692M 10 3 13G Page 5 of 15 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GENMAR ALEXANDRA, LLC*
________________________________________________________________________________
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
DELAWARE
________________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
0
SHARES
_________________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
1,825,001*
OWNED BY
_________________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
0
REPORTING
_________________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
1,825,001*
WITH
________________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,825,001*
________________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.9%*
________________________________________________________________________________
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
________________________________________________________________________________
*SEE NOTE TO ITEM 4(A).
CUSIP No.Y2692M 10 3 13G Page 6 of 15 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GENMAR II, LLC*
________________________________________________________________________________
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
DELAWARE
________________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
0
SHARES
_________________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
3,132,639*
OWNED BY
_________________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
0
REPORTING
_________________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
3,132,639*
WITH
________________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,132,639*
________________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.5%*
________________________________________________________________________________
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
________________________________________________________________________________
*SEE NOTE TO ITEM 4(A).
CUSIP No.Y2692M 10 3 13G Page 7 of 15 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EQUILI COMPANY L.P.*
________________________________________________________________________________
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
NEW YORK
________________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
0
SHARES
_________________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
349,740*
OWNED BY
_________________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
0
REPORTING
_________________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
349,740*
WITH
________________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
349,740*
________________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.9%*
________________________________________________________________________________
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
________________________________________________________________________________
*SEE NOTE TO ITEM 4(A).
CUSIP No.Y2692M 10 3 13G Page 8 of 15 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EQUILI COMPANY, LLC*
________________________________________________________________________________
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
DELAWARE
________________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
0
SHARES
_________________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
0*
OWNED BY
_________________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
0
REPORTING
_________________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
0*
WITH
________________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0*
________________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%*
________________________________________________________________________________
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
________________________________________________________________________________
*SEE NOTE TO ITEM 4(A).
CUSIP No.Y2692M 10 3 13G Page 9 of 15 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EQUILI COMPANY II L.P.*
________________________________________________________________________________
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
NEW YORK
________________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
0
SHARES
_________________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
311,969*
OWNED BY
_________________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
0
REPORTING
_________________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
311,969*
WITH
________________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
311,969*
________________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.8%*
________________________________________________________________________________
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
________________________________________________________________________________
*SEE NOTE TO ITEM 4(A).
CUSIP No.Y2692M 10 3 13G Page 10 of 15 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EQUILI COMPANY II LLC*
________________________________________________________________________________
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
DELAWARE
________________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
0
SHARES
_________________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
0*
OWNED BY
_________________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
0
REPORTING
_________________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
0*
WITH
________________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0*
________________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%*
________________________________________________________________________________
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
________________________________________________________________________________
*SEE NOTE TO ITEM 4(A).
This Amendment No. 1 to Schedule 13G modifies and supplements the
Schedule 13G (the "Statement") initially filed with the Securities and Exchange
Commission on June 18, 2001, with respect to the common stock, $0.01 par value
per share (the "Common Stock"), of GENERAL MARITIME CORPORATION, a Republic of
Marshall Islands corporation (the "Company"). Except to the extent supplemented
by the information contained in this Amendment No. 1, the Statement, as amended
as provided herein, remains in full force and effect. Capitalized terms used
herein without definition have the respective meanings ascribed to them in the
Statement.
Item 4. Ownership.
(a) Amount Beneficially Owned (See note to Item 4(a)).
Charles Davidson - 5,619,349
Joseph Jacobs - 5,619,349
Wexford Capital LLC - 5,619,349
Genmar Alexandra, LLC - 1,825,001
Genmar II, LLC - 3,132,639
Equili Company L.P. - 349,740
Equili Company, LLC - 0
Equili Company II L.P. - 311,969
Equili Company II, LLC - 0
Note to
Item 4(a): The 5,619,349 shares of Common Stock beneficially owned by
each of Mr. Davidson and Mr. Jacobs include the shares owned by the
limited liability companies and limited partnerships set forth above
(the "Wexford Entities"), each of which is controlled by Wexford
Capital LLC, of which each of Mr. Davidson and Mr. Jacobs is a
controlling member. On May 25, 2001, the Wexford Entities entered
into a Contribution Agreement (the "Contribution Agreement") with
the Company pursuant to which, on June 15, 2001 (the "Closing
Date"), the Wexford Entities contributed to the Company the shares
of certain companies (which own 5 shipping vessels) in exchange for,
inter alia, the issuance of an aggregate 5,805,174 shares of Common
Stock, par value $0.01 per share, of the Company (the "Shares"),
subject to adjustments as described below. The Shares were subject
to possible forfeiture or adjustment under the Contribution
Agreement and related Plan of Recapitalization incorporated therein
by reference. Ten (10%) percent of the Shares (the "Price
Calculation Shares") were placed in escrow, subject to adjustment
(either through forfeiture of Shares or the issuance of additional
shares of the Company's Common Stock to the Wexford Entities) upon
completion of a post-closing calculation performed by the Company
and reviewed by Deloitte & Touche LLP in respect of the contributed
vessels and the companies that own them as well as several other
vessels contributed to the Company by unrelated third parties under
separate contribution agreements. An additional ten (10%) percent of
the Shares (the "Indemnity Shares") were placed in escrow in an
indemnity account subject to possible forfeiture to cover
indemnification obligations of the Wexford Entities that may have
arisen within 6 months of the closing under the Contribution
Agreement. Pursuant to the Plan of Recapitalization, the Company
delivered a Final Calculation Certificate, dated June 3, 2002, and
the Wexford Entities acknowledge that they were entitled to receive
an aggregate of 5,639,349 shares of Common Stock in connection with
the transactions contemplated by the Contribution Agreement. On June
14, 2002, the Wexford Entities, Wexford Capital, LLC and the Company
entered into a letter agreement, providing for, inter alia,
acceptance of the Final Calculation Certificate and the share
allocations set forth above. On June 17, 2002, and June 19, 2002,
the Wexford Entities sold an aggregate of 19,000 Shares and 1,000
Shares, respectively, in varying amounts, pursuant to Rule 144 under
the Securities Act of 1933.
Page 11 of 15
(b) Percent of Class
Charles Davidson - 15.2%
Joseph Jacobs - 15.2%
Wexford Capital LLC - 15.2%
Genmar Alexandra, LLC - 4.9%
Genmar II, LLC - 8.5%
Equili Company L.P. - 0.9%
Equili Company, LLC - 0.0%
Equili Company II L.P. - 0.8%
Equili Company II, LLC - 0.0%
(c) Number of shares as to which such person has:
i) sole power to vote or to direct the vote
Charles Davidson - 0
Joseph Jacobs - 0
Wexford Capital LLC - 0
Genmar Alexandra, LLC - 0
Genmar II, LLC - 0
Equili Company L.P. - 0
Equili Company, LLC - 0
Equili Company II L.P. - 0
Equili Company II, LLC - 0
ii) shared power to vote or to direct the vote
Charles Davidson - 5,619,349
Joseph Jacobs - 5,619,349
Wexford Capital LLC - 5,619,349
Genmar Alexandra, LLC - 1,825,001
Genmar II, LLC - 3,132,639
Equili Company L.P. - 349,740
Equili Company, LLC - 0
Equili Company II L.P. - 311,969
Equili Company II, LLC - 0
iii) sole power to dispose or to direct the disposition of
Charles Davidson - 0
Joseph Jacobs - 0
Wexford Capital LLC - 0
Genmar Alexandra, LLC - 0
Genmar II, LLC - 0
Equili Company L.P. - 0
Equili Company, LLC - 0
Equili Company II L.P. - 0
Equili Company II, LLC - 0
Page 12 of 15
iv) shared power to dispose or to direct the disposition of
Charles Davidson - 5,619,349
Joseph Jacobs - 5,619,349
Wexford Capital LLC - 5,619,349
Genmar Alexandra, LLC - 1,825,001
Genmar II, LLC - 3,132,639
Equili Company L.P. - 349,740
Equili Company, LLC - 0
Equili Company II L.P. - 311,969
Equili Company II, LLC - 0
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
The 5,619,349 shares of Common Stock of General Maritime Corporation in
respect of which this Amendment No. 1 to Schedule 13G is being filed are held
directly by the following entities controlled indirectly by Wexford Capital LLC
in the amounts set forth hereinabove:
Equili Company L.P., a New York limited partnership
Equili Company II L.P., a New York limited partnership
Genmar Alexandra, LLC, a Delaware limited liability company
Genmar II, LLC, a Delaware limited liability company
Item 10. Certification
By signing below, each of the undersigned certifies 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.
Page 12 of 15
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.
June 19, 2002
Date
/s/ Charles Davidson
----------------------------------
Charles Davidson
/s/ Joseph Jacobs
----------------------------------
Joseph Jacobs
WEXFORD CAPITAL LLC
By: /s/ Jay Maymudes
---------------------------------------
Name: Jay Maymudes
Title: Principal and Chief Financial Officer
GENMAR ALEXANDRA, LLC
By: /s/ Frederick Simon
----------------------------------------
Name: Frederick Simon
Title: Vice-President
GENMAR II, LLC
By: /s/ Frederick Simon
--------------------------------------
Name: Frederick Simon
Title: Vice-President
EQUILI COMPANY L.P.,
By: /s/ Frederick Simon
------------------------------------
Name: Frederick Simon
Title: Authorized Signatory
Page 14 of 15
EQUILI COMPANY, LLC
By: /s/ Frederick Simon
---------------------------------
Name: Frederick Simon
Title: Vice-President
EQUILI COMPANY II L.P.,
By: /s/ Frederick Simon
---------------------------------
Name: Frederick Simon
Title: Authorized Signatory
EQUILI COMPANY II, LLC
By: /s/ Frederick Simon
----------------------------------
Name: Frederick Simon
Title: Vice-President
Page 15 of 15