SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)
McFarland Energy, Inc.
-------------------------------------
(Name of Issuer)
Common Stock
------------------------------
(Title of Class of Securities)
580432102
----------------------------------
(CUSIP Number)
Michael S. Paquette
Vice President and Controller
Fund American Enterprises Holdings, Inc.
80 South Main Street
Hanover, New Hampshire 03755
(603) 643-1567
-----------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
March 5, 1997
-----------------------------------------
(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(b)(3) or (4), check the following box _____.
Check the following box if a fee is being paid with this statement _____.
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class. See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
CUSIP NO. 580432102
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
Fund American Enterprises Holdings, Inc.
94-2708455
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(2) Check the Appropriate Box if a Member (a) __________
of a Group (See Instructions)
(b) __________
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(3) (SEC Use Only)
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(4) Source of Funds (See Instructions) N/A
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(5) Check 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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Number of Shares (7) Sole Voting Power
Beneficially Owned -----------------
by Each Reporting 86,846
Person With (8) Shared Voting Power
-------------------
246,154
(9) Sole Dispositive Power
----------------------
86,846
(10) Shared Dispositive Power
------------------------
246,154
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
333,000
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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(13) Percent of Class Represented by Amount in Row (11) Approximately 5.9%
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(14) Type of Reporting Person (See Instructions) HC, CO
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CUSIP NO. 580432102
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
Fund American Enterprises, Inc.
51-0328932
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) ____________
of a Group (See Instructions)
(b) ____________
- --------------------------------------------------------------------------------
(3) (SEC Use Only)
- --------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) N/A
- --------------------------------------------------------------------------------
(5) Check 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
--------
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power
Beneficially Owned -----------------
by Each Reporting
Person With (8) Shared Voting Power
-------------------
169,231
(9) Sole Dispositive Power
----------------------
(10) Shared Dispositive Power
------------------------
169,231
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
169,231
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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(13) Percent of Class Represented by Amount in Row (11) Approximately 3.0%
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(14) Type of Reporting Person (See Instructions) CO
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CUSIP NO. 580432102
- --------------------------------------------------------------------------------
(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
White Mountains Holdings, Inc.
02-0477315
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(2) Check the Appropriate Box if a Member (a) __________
of a Group (See Instructions)
(b) __________
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(3) (SEC Use Only)
- --------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) N/A
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization Delaware
--------
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power
Beneficially Owned -----------------
by Each Reporting
Person With (8) Shared Voting Power
-------------------
76,923
(9) Sole Dispositive Power
----------------------
(10) Shared Dispositive Power
------------------------
76,923
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
76,923
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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(13) Percent of Class Represented by Amount in Row (11) Approximately 1.4%
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(14) Type of Reporting Person (See Instructions) HC, CO
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ONLY ITEMS REPORTED IN THIS AMENDMENT NO. 6 TO SCHEDULE 13D ARE AMENDED FROM THE
FILING ON SCHEDULE 13D PREVIOUSLY FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION. ALL OTHER ITEMS REMAIN UNCHANGED. UNLESS OTHERWISE SPECIFIED, ALL
DEFINED TERMS USED HEREIN HAVE THE MEANING PREVIOUSLY ASCRIBED TO THEM IN THE
SCHEDULE 13D.
Item 2. Identity and Background.
------------------------
(a), (b), (c) and (f). The name, business address, present principle
occupation or employment (and the name, principle business and address of any
corporation or other organization in which such employment is conducted) and
citizenship of each director and executive officer of FAEH, FAE and WMH is set
forth on Schedule I, attached hereto, and incorporated herein by reference.
(d) and (e). Neither FAEH, FAE or WMH, and to the best knowledge of
FAEH, FAE and WMH, any of the persons listed on Schedule I, attached hereto,
during the last five years has been convicted in a criminal proceeding
(excluding traffic violations and similar misdemeanors) or was a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
as a result of which any such person was or is subject to a judgement, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, Federal or state securities laws or finding any violation
with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
--------------------------------------------------
On June 10, 1996, WMH transferred 153,846 Shares to FAEH at $8.3406 per
Share.
Item 4. Purpose of Transaction.
-----------------------
(a) Sales by FAEH outlined in Schedule II, attached hereto, and
incorporated herein by reference, were made in the ordinary course of business
and not for the purpose or effect of changing or
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influencing the control of the Issuer or in connection with, or as a participant
in, any transaction having such purpose or effect. Schedule II was inadvertently
omitted from Amendment No. 5 to Schedule 13D which was filed with the Securities
and Exchange Commission on March 18, 1997.
Item 5. Interest in Securities of the Issuer.
-------------------------------------
(a) FAEH owns 86,846 Shares directly and 169,231 Shares indirectly
through FAE and 76,923 Shares indirectly through WMH and certain of WMH's direct
and indirect wholly-owned subsidiaries. The aggregate number of Shares and the
corresponding percentage of the outstanding Shares such number represents is as
follows:
Percentage of
Shares Shares
Beneficially Beneficially
Person Owned Owned
------ ------------ -------------
FAEH 333,000 5.9%
FAE 169,231 3.0%
WMH * 76,923 1.4%
* WMH and certain of its direct and indirect wholly owned
subsidiaries.
(b) FAEH has sole voting power and dispositive power with respect to
86,846 Shares and shares voting power and dispositive power with respect to
169,231 Shares with FAE and 76,923 Shares with WMH and certain of WMH's direct
and indirect wholly owned subsidiaries.
(c) Schedule II, attached hereto, describes all transactions by FAEH,
FAE, WMH and certain of WMH's direct and indirect wholly owned subsidiaries, and
to the best knowledge of FAEH, FAE and WMH, any of the persons listed on
Schedule I, attached hereto, in Shares effected during the past 60 days.
Schedule II was inadvertently omitted from Amendment No. 5 to Schedule 13D which
was filed with the Securities and Exchange Commission on March 18, 1997.
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SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: May 12, 1997
FUND AMERICAN ENTERPRISES HOLDINGS, INC.
BY: /S/
-----------------------------------
Name: Michael S. Paquette
Title: Vice President and Controller
FUND AMERICAN ENTERPRISES, INC.
BY: /S/
-----------------------------------
Name: Robert E. Snyder
Title: Secretary and Controller
WHITE MOUNTAINS HOLDINGS, INC.
BY: /S/
-----------------------------------
Name: Michael S. Paquette
Title: Vice President and Controller
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SCHEDULE I TO SCHEDULE 13D
--------------------------
Following is a list of the directors and executive officers of Fund
American Enterprises Holdings, Inc. ("FAEH"), Fund American Enterprises, Inc.
("FAE"), and White Mountains Holdings, Inc. ("WMH") setting forth the business
address and present principal occupation or employment (and the name, principal
business and address of any corporation or organization in which such employment
is conducted) of each such person. Each such person is a citizen of the United
States of America.
Name and Present Principal
Business Address Office Occupation or Employment
- ---------------- ------ ------------------------
FAEH
Dennis P. Beaulieu Vice President & Vice President &
Fund American Enterprises Secretary Secretary of FAEH
Holdings, Inc. of FAEH and WMH,
80 South Main Street Director of WMH
Hanover, NH 03755
John J. Byrne Chairman of the Board, Chairman of the Board,
Fund American Enterprises President & Chief President & Chief
Holdings, Inc. Executive Officer of Executive Officer of
80 South Main Street FAEH, Chairman of the FAEH
Hanover, NH 03755 Board of FAE
Reid T. Campbell Assistant Controller Assistant Controller
Fund American Enterprises of FAEH and WMH of FAEH and WMH
Holdings, Inc.
80 South Main Street
Hanover, NH 03755
Howard L. Clark Director of FAEH Retired
200 Park Avenue, Suite 4501
New York, NY 10166
Howard L. Clark, Jr. Director of FAEH Vice Chairman of Lehman
Lehman Brothers Inc. Brothers Inc.
American Express Tower
New York, NY 10128
Robert P. Cochran Director of FAEH President & Chief
Financial Security and WMH Executive Officer of
Assurance Financial Security
Holdings Ltd. Assurance Holdings Ltd.
350 Park Avenue
New York, NY 10022
George J. Gillespie, III Director of FAEH Partner in Cravath,
Cravath, Swaine & Moore Swaine & Moore
825 Eighth Avenue
New York, NY 10019
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SCHEDULE I TO SCHEDULE 13D (cont.)
----------------------------------
Name and Present Principal
Business Address Office Occupation or Employment
- ---------------- ------ -------------------------
K. Thomas Kemp Executive Vice President Executive Vice President
Fund American Enterprises & Director of FAEH, of FAEH
Holdings, Inc. Director of FAE,
80 South Main Street Chairman of the Board &
Hanover, NH 03755 Chief Executive Officer
of WMH
Gordon S. Macklin Director of FAEH Chairman of the Board of
8212 Burning Tree Road White River Corporation
Bethesda, MD 20817
Frank A. Olson Director of FAEH Chairman of the Board &
The Hertz Corporation Chief Executive Officer
225 Brae Boulevard of The Hertz Corporation
Park Ridge, NJ 07656
Michael S. Paquette Vice President & Vice President &
Fund American Enterprises Controller of FAEH Controller of FAEH
Holdings, Inc. and WMH, Director of
80 South Main Street FAE and WMH
Hanover, NH 03755
David G. Staples Vice President & Vice President & Director
Fund American Enterprises Director of Taxation of Taxation of FAEH
Holdings, Inc. of FAEH
80 South Main Street
Hanover, NH 03755
Allan L. Waters Senior Vice President & Senior Vice President &
Fund American Enterprises Chief Financial Officer Chief Financial Officer
Holdings, Inc. of FAEH and WMH, of FAEH
80 South Main Street Director of FAE and WMH
Hanover, NH 03755
Arthur Zankel Director of FAEH Co-Managing Partner
First Manhattan Co. First Manhattan Co.
437 Madison Ave.
New York, NY 10022
FAE
John J. Byrne (see above) (see above)
(see above)
Terry L. Baxter President & Director President of WMH
White Mountains of WMH, Director of FAE
Holdings, Inc.
80 South Main Street
Hanover, NH 03755
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SCHEDULE I TO SCHEDULE 13D (cont.)
----------------------------------
Name and Present Principal
Business Address Office Occupation or Employment
- ---------------- ------ ------------------------
K. Thomas Kemp (see above) (see above)
(see above)
James H. Ozanne President of FAE, President of FAE
Fund American Enterprises, Director of FAE
Inc.
The 1820 House, Main Street
Norwich, VT 05055
Michael S. Paquette (see above) (see above)
(see above)
Robert E. Snyder Secretary & Controller Secretary & Controller
Fund American Enterprises, of FAE of FAE
Inc.
The 1820 House, Main Street
Norwich, VT 05055
Allan L. Waters (see above) (see above)
(see above)
WMH
Terry L. Baxter (see above) (see above)
(see above)
Dennis P. Beaulieu (see above) (see above)
(see above)
John J. Byrne (see above) (see above)
(see above)
Patrick M. Byrne Director of WMH Chief Executive
Centricut, LLC Officer of
2 Technology Drive, STE 3 Centricut, LLC
West Lebanon, NH 03784
Reid T. Campbell (see above) (see above)
(see above)
Robert P. Cochran (see above) (see above)
(see above)
Morgan W. Davis Executive Vice Executive Vice
White Mountains President and President of WMH
Holdings, Inc. Director of WMH
80 South Main Street
Hanover, NH 03755-2053
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SCHEDULE I TO SCHEDULE 13D (cont.)
----------------------------------
Name and Present Principal
Business Address Office Occupation or Employment
- ---------------- ------ ----------------------------
Steven E. Fass Director of WMH President & Chief Executive
Folksamerica Holding Officer of Folksamerica
Company, Inc. Holding Company, Inc.
One Liberty Plaza
Nineteenth Floor
New York, NY 10006
John D. Gillespie Director of WMH Self Employed
White Mountains
Holdings, Inc.
80 South Main Street
Hanover, NH 03755
Robert P. Keller Director of WMH Self Employed
White Mountains
Holdings, Inc.
80 South Main Street
Hanover, NH 03755
K. Thomas Kemp (see above) (see above)
(see above)
Phil Koerner Director of WMH Chief Executive Officer of
National Grange Mutual National Grange Mutual
Insurance Company Insurance Company
55 West Street, POB 2300
Keene, NH 03431
Michael S. Paquette (see above) (see above)
(see above)
Daniel A. Post Director of WMH President & Chief Executive
2450 14th Avenue SE Officer of Valley Insurance
Albany, OR 97321 Company
Allan L. Waters (see above) (see above)
(see above)
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SCHEDULE II TO SCHEDULE 13D
---------------------------
Sales of Shares of Common Stock of McFarland Energy, Inc. by the Reporting
Persons and by persons listed in Schedule I, within the last 60 days.
Sold by Date Number Sold Unit Price
------- ---- ----------- ----------
FAEH 02/24/97 16,000 11.5078
FAEH 02/25/97 10,000 11.50
FAEH 03/03/97 10,000 11.25
FAEH 03/04/97 10,000 11.25
FAEH 03/05/97 21,000 11.50
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