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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)
Pure Resources, Inc.
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(NAME OF ISSUER)
Common Stock, Par Value $.01 Per Share
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(TITLE OF CLASS OF SECURITIES)
74622E 10 2
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(CUSIP NUMBER)
Barry A. L. Hoffman, Esq.
Deputy General Counsel
Unocal Corporation
2141 Rosecrans Avenue, Suite 4000
El Segundo, California 90245
(310) 726-7600
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED
TO RECEIVE NOTICES AND COMMUNICATIONS)
August 21, 2002
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(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 [_].
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).
SCHEDULE 13D
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CUSIP NO. 74622E 10 2 Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Unocal Corporation
95-3825062
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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
AF
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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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NUMBER OF 7 SOLE VOTING POWER
-0-
SHARES
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BENEFICIALLY
8 SHARED VOTING POWER
OWNED BY 35,890,333 (*)
EACH ------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING 32,709,067
PERSON WITH ------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,890,333 (*)
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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)
71.3%
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14 TYPE OF REPORTING PERSON REPORTING
CO
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(*) Includes 32,709,067 shares directly owned by Union Oil Company of
California, and 3,181,266 shares beneficially owned by Jack D. Hightower, with
respect to which the reporting persons may be deemed to share voting control by
virtue of the Voting Agreement (as described on the Schedule 13D).
SCHEDULE 13D
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CUSIP NO. 74622E 10 2 Page 3 of 7
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Union Oil Company of California
95-1315450
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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
00
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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
California
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NUMBER OF 7 SOLE VOTING POWER
-0-
SHARES
------------------------------------------------------------
BENEFICIALLY
8 SHARED VOTING POWER
OWNED BY 35,890,333 (**)
EACH ------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING 32,709,067
PERSON WITH ------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,890,333 (**)
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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)
71.3%
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14 TYPE OF REPORTING PERSON REPORTING
CO
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(**) Includes 32,709,067 shares directly owned by Union Oil Company of
California, and 3,181,266 shares beneficially owned by Jack D. Hightower, with
respect to which the reporting persons may be deemed to share voting control by
virtue of the Voting Agreement (as described on the Schedule 13D).
Item 1. Security and Issuer.
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This Amendment No. 2 (this "Amendment") amends and supplements the
joint Statement on Schedule 13D, as amended (the "Schedule 13D") of Unocal
Corporation, a Delaware corporation ("Unocal") and Union Oil Company of
California ("Union Oil", together with Unocal, the "Reporting Persons"), a
California corporation and wholly owned subsidiary of Unocal, filed on May 5,
2000 and relating to the common stock, par value of $.01 per share (the "Pure
Common Stock"), of Pure Resources, Inc., a Delaware corporation ("Pure"). Pure's
principal executive offices are located at 500 West Texas, Suite 200, Midland,
Texas 79701. Capitalized terms used herein and not defined have the meanings
ascribed to them in the Schedule 13D previously filed by the Reporting Persons.
Item 4. Purpose of Transaction.
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The information contained in Item 4 of the Schedule 13D is hereby
incorporated herein by reference.
On or about August 21, 2001, individual stockholders of Pure
filed complaints in the Delaware Court of Chancery purporting to commence
class action lawsuits on behalf of the public stockholders of Pure against
the Reporting Persons, Pure and each of the individual directors of Pure.
The complaints were styled as Cersente v. Pure Resources, Inc., et al (C.A.
No. 19854), Brown v. Pure Resources, Inc., et al (C.A. No. 19855), Summit
Trading Group, LLC v. Hightower, et al (C.A. No. 19856), Metera v. Pure
Resources, Inc., et al (C.A. No. 19857) and Bistritzky v. Hightower, et al
(C.A. No. 19859). The complaints are attached hereto as exhibits, are
incorporated herein by reference and any description provided herein is
qualified in its entirety by reference to the actual complaints.
In general, the complaints allege, among other things: (1) breaches
of fiduciary duty by the Reporting Persons, Pure and the members of Pure's board
in connection with the offer and the subsequent merger; (2) that the
consideration offered is inadequate; and (3) that the Reporting Persons are
acting to further their respective interests at the expense of the holders of
Pure's common stock. Among other remedies, the complaints seek to enjoin the
offer and subsequent merger or, alternatively, damages in an unspecified amount
and rescission in the event the offer and merger occur. The Reporting Persons
view the complaints as being without merit.
Item 7. Materials to be Filed as Exhibits.
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Exhibit No. Description
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99.1 Cersente v. Pure Resources, Inc., et al (C.A. No.
19854)
99.2 Brown v. Pure Resources, Inc., et al (C.A. No. 19855)
99.3 Summit Trading Group, LLC v. Hightower, et al (C.A.
No. 19856)
4 of 7 Pages
99.4 Metera v. Pure Resources, Inc., et al (C.A. No. 19857)
99.5 Bistritzky v. Hightower, et al (C.A. No. 19859)
5 of 7 Pages
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: August 27, 2002
UNOCAL CORPORATION
By: /s/ Douglas M. Miller
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Name: Douglas M. Miller
Title: Vice President, Corporate Development
UNION OIL COMPANY OF CALIFORNIA
By: /s/ Douglas M. Miller
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Name: Douglas M. Miller
Title: Vice President, Corporate Development
6 of 7 Pages
Index to Exhibits
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Exhibit No. Description
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99.1 Cersente v. Pure Resources, Inc., et al (C.A. No.
19854)
99.2 Brown v. Pure Resources, Inc., et al (C.A. No. 19855)
99.3 Summit Trading Group, LLC v. Hightower, et al (C.A.
No. 19856)
99.4 Metera v. Pure Resources, Inc., et al (C.A. No. 19857)
99.5 Bistritzky v. Hightower, et al (C.A. No. 19859)
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