UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)
GULFPORT ENERGY CORPORATION
(Name of issuer)
Common Stock, $.01 Par Value Per Share
(Title of class of securities)
402635-10-6
(CUSIP number)
Arthur H. Amron
Wexford Capital LLC
411 West Putnam Avenue
Greenwich, CT 06830
(203) 862-7012
(Name, address and telephone number of person authorized to receive
notices and communications)
May 22, 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 which is the subject of this Schedule 13D, and is filing this
schedule because ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule SS.240.13d-7
Page 1 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. Wexford Capital LLC
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) AF
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization Connecticut
- --------------------------------------------------------------------------------
7. Sole Voting Power 0
Number of Shares --------------------------------------------------------
Beneficially 8. Shared Voting Power 1,904,485
Owned by Each (see Item 5 below)
Reporting --------------------------------------------------------
Person With 9. Sole Dispositive Power 0
--------------------------------------------------------
10. Shared Dispositive Power 1,904,485
(see Item 5 below)
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 1,904,485
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 18.6%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) OO
- --------------------------------------------------------------------------------
Page 2 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. Wexford Spectrum Investors LLC
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) WC
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization Delaware
- --------------------------------------------------------------------------------
7. Sole Voting Power 0
Number of Shares --------------------------------------------------------
Beneficially 8. Shared Voting Power 11,138
Owned by Each (see Item 5 below)
Reporting -------------------------------------------------------
Person With 9. Sole Dispositive Power 0
--------------------------------------------------------
10. Shared Dispositive Power 11,138
(see Item 5 below)
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 11,138
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 0.1%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) OO
- --------------------------------------------------------------------------------
Page 3 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. Wexford Spectrum Advisors, LLC
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) AF
- --------------------------------------------------------------------------------
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 0
Beneficially
----------------------------------------------------------
Owned by Each 8. Shared Voting Power (see Item 5 below) 11,138
Reporting
----------------------------------------------------------
Person With 9. Sole Dispositive Power 0
----------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below) 11,138
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 11,138
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 0.1%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) OO
- --------------------------------------------------------------------------------
Page 4 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. Wexford Special Situations 1996, L.P.
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) WC
- --------------------------------------------------------------------------------
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 0
Beneficially
----------------------------------------------------------
Owned by Each 8. Shared Voting Power (see Item 5 below) 608,702
Reporting
----------------------------------------------------------
Person With 9. Sole Dispositive Power 0
----------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below) 608,702
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 608,702
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 6.0%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) PN
- --------------------------------------------------------------------------------
Page 5 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. Wexford Special Situations 1996
Institutional, L.P.
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) WC
- --------------------------------------------------------------------------------
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 0
Beneficially
----------------------------------------------------------
Owned by Each 8. Shared Voting Power (see Item 5 below) 102,141
Reporting
----------------------------------------------------------
Person With 9. Sole Dispositive Power 0
----------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below) 102,141
----------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 102,141
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 1.0%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) PN
- --------------------------------------------------------------------------------
Page 6 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. Wexford Advisors, LLC
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) AF
- --------------------------------------------------------------------------------
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 0
Beneficially
----------------------------------------------------------
Owned by Each 8. Shared Voting Power (see Item 5 below) 738,168
Reporting
----------------------------------------------------------
Person With 9. Sole Dispositive Power 0
10. Shared Dispositive Power (see Item 5 below) 738,168
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 738,168
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 7.3%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) OO
- --------------------------------------------------------------------------------
Page 7 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. Wexford-Euris Special Situations 1996, L.P.
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) WC
- --------------------------------------------------------------------------------
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 0
Beneficially
----------------------------------------------------------
Owned by Each 8. Shared Voting Power (see Item 5 below) 172,767
Reporting
----------------------------------------------------------
Person With 9. Sole Dispositive Power 0
----------------------------------------------------------
10.Shared Dispositive Power (see Item 5 below) 172,767
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 172,767
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 1.7%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) PN
- --------------------------------------------------------------------------------
Page 8 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
. Names of Reporting Persons. Wexford-Euris Advisors, LLC
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) AF
- --------------------------------------------------------------------------------
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 0
Beneficially
----------------------------------------------------------
Owned by Each 8. Shared Voting Power (see Item 5 below) 172,767
Reporting
----------------------------------------------------------
Person With 9. Sole Dispositive Power 0
----------------------------------------------------------
10.Shared Dispositive Power (see Item 5 below) 172,767
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 172,767
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 1.7%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) PN
- --------------------------------------------------------------------------------
Page 9 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. Wexford Special Situations 1996, Limited
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) WC
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization Cayman Islands
- --------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power 0
Beneficially
----------------------------------------------------------
Owned by Each 8. Shared Voting Power (see Item 5 below) 27,325
Reporting
----------------------------------------------------------
Person With 9. Sole Dispositive Power 0
----------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below) 27,325
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 27,325
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 0.3%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) OO
- --------------------------------------------------------------------------------
Page 10 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. Wexford Capital Partners II, L.P.
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) WC
- --------------------------------------------------------------------------------
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 0
Beneficially
----------------------------------------------------------
Owned by Each 8. Shared Voting Power (see Item 5 below) 736,342
Reporting
----------------------------------------------------------
Person With 9. Sole Dispositive Power 0
----------------------------------------------------------
10.Shared Dispositive Power (see Item 5 below) 736,342
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 736,342
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 7.3%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) PN
- --------------------------------------------------------------------------------
Page 11 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. Wexford Capital Corporation
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) AF
- --------------------------------------------------------------------------------
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 0
Beneficially
----------------------------------------------------------
Owned by Each 8. Shared Voting Power (see Item 5 below) 736,342
Reporting
----------------------------------------------------------
Person With 9. Sole Dispositive Power 0
----------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below) 736,342
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 736,342
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 7.3%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) CO
- --------------------------------------------------------------------------------
Page 12 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. Wexford Overseas Partners I, L.P.
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) WC
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization Cayman Islands
- --------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power 0
Beneficially
----------------------------------------------------------
Owned by Each 8. Shared Voting Power (see Item 5 below) 137,445
Reporting
----------------------------------------------------------
Person With 9. Sole Dispositive Power 0
----------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below) 137,445
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 137,445
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 1.4%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) PN
- --------------------------------------------------------------------------------
Page 13 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. Wexford Capital Limited
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) AF
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization Cayman Islands
- --------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power 0
Beneficially
----------------------------------------------------------
Owned by Each 8. Shared Voting Power (see Item 5 below) 137,445
Reporting
----------------------------------------------------------
Person With 9. Sole Dispositive Power 0
----------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below) 137,445
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 137,445
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 1.4%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) OO
- --------------------------------------------------------------------------------
Page 14 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. CD Holding Company, LLC
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) AF
- --------------------------------------------------------------------------------
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 0
Beneficially
----------------------------------------------------------
Owned by Each 8. Shared Voting Power (see Item 5 below) 3,574,722
Reporting
----------------------------------------------------------
Person With 9. Sole Dispositive Power 0
----------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below) 3,574,722
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 3,574,722
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 35.2%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) OO
- --------------------------------------------------------------------------------
Page 15 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. Charles E. Davidson
I.R.S. Identification Nos. of Above Persons (entities only)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) AF
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power 4,358,995
Beneficially
----------------------------------------------------------
Owned by Each 8. Shared Voting Power (see Item 5 below) 1,904,485
Reporting
----------------------------------------------------------
Person With 9. Sole Dispositive Power 4,358,995
----------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below) 1,904,485
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 6,263,480
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 61.1%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) IN
- --------------------------------------------------------------------------------
Page 16 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. Joseph M. Jacobs
I.R.S. Identification Nos. of Above Persons (entities only)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) AF
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power 0
Beneficially
----------------------------------------------------------
Owned by Each 8. Shared Voting Power (see Item 5 below) 1,904,485
Reporting
----------------------------------------------------------
Person With 9. Sole Dispositive Power 0
----------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below) 1,904,485
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 1,904,485
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 18.6%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) IN
- --------------------------------------------------------------------------------
Page 17 of 27 Pages
CUSIP No. 402635-10-6
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. Gulfport Funding, LLC
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions) AF
- --------------------------------------------------------------------------------
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 0
Beneficially
---------------------------------------------------------
Owned by Each 8. Shared Voting Power (see Item 5 below) 108,625
Reporting
---------------------------------------------------------
Person With 9. Sole Dispositive Power 0
10. Shared Dispositive Power (see Item 5 below) 108,625
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 108,625
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 1.0%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) OO
- --------------------------------------------------------------------------------
Page 18 of 27 Pages
This Amendment No. 5 to Schedule 13D modifies and supplements the
Schedule 13D (the "Statement") initially filed on July 22, 1997, amended and
restated in its entirely by Amendment No. 1 to the Statement filed July 30,
1997, and further amended by Amendment No. [sic] 1 to the Statement filed on
June 12, 1998, Amendment No. 3 to the Statement filed on January 21, 1999, and
Amendment No. 4 to the Statement filed October [20], 1999 with respect to the
common stock, $0.01 par value per share (the "Common Stock"), of GULFPORT ENERGY
CORPORATION, a Delaware corporation (the "Company"). Except to the extent
supplemented by the information contained in this Amendment No. 5, the
Statement, as amended as provided above, remains in full force and effect.
Capitalized terms used herein without definition have the respective meanings
ascribed to them in the Statement.
Item 2. Identity and Background. Since the date of the last amendment to the
Statement filed as aforesaid, the Reporting Persons disclosed herein formed
Gulfport Funding, LLC, a Delaware limited liability company ( "GF LLC"), for the
purpose of making one or more loans to the Company. In consideration of a
$3,000,000 loan made by GF LLC to the Company in May 2001, GF LLC received
warrants (the "Warrants") exercisable to purchase up to 108,625 shares of the
Common Stock at an exercise price equal to the average closing price of the
Common Stock over the five trading days following the grant of such Warrants.
The Warrants are currently exercisable. GF LLC is owned by the Reporting Persons
disclosed herein in proportion to their ownership of Common Stock. GF LLC is
managed by Wexford Capital LLC, formerly known as Wexford Management LLC
("Wexford Capital").
Item 5. Interest in Securities of the Issuer.
As a result of the grant of Warrants to GF LLC, the Reporting Persons may
be deemed to beneficially own the respective percentages and numbers of
outstanding shares of Common Stock set forth below (on the basis of 10,146,566
shares of Common Stock issued and outstanding, which, based upon information and
belief, is the number of Shares currently outstanding):
1. WEXFORD CAPITAL LLC
(a) Aggregate number of shares of Common Stock beneficially owned: 1,904,485
Percentage: 18.6%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 1,904,485
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition 1,904,485
(c) Other than as reported above, there were no
transactions by Wexford Capital in connection with
the Common Stock during the past 60 days.
(d) Wexford Capital may be deemed to have the
right to receive or the power to direct the receipt
of dividends from, or proceeds from the sale of the
Common Stock.
(e) Not applicable.
2. WEXFORD SPECTRUM INVESTORS LLC
(a) Aggregate number of shares of Common Stock beneficially owned: 11,138
Percentage: 0.1%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 11,138
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition 11,138
(c) Other than as reported above, there were no
transactions by Wexford Spectrum in connection with
the Common Stock during the past 60 days.
(d) Wexford Spectrum may be deemed to have the
right to receive or the power to direct the receipt
of dividends from, or proceeds from the sale of the
Common Stock.
(e) Not applicable.
Page 19 of 27 Pages
3. WEXFORD SPECTRUM ADVISORS, LLC
(a) Aggregate number of shares of Common Stock beneficially owned: 11,138
Percentage: 0.1%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 11,138
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition 11,138
(c) Other than as reported above, there were no
transactions by the Spectrum General Partner in
connection with the Common Stock during the past 60
days.
(d) The Spectrum General Partner may be deemed to
have the right to receive or the power to direct the
receipt of dividends from, or proceeds from the sale
of the Common Stock.
(e) Not applicable.
4. WEXFORD SPECIAL SITUATIONS 1996, L.P.
(a) Aggregate number of shares of Common Stock beneficially owned: 608,702
Percentage: 6.0%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 608,702
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition 608,702
(c) Other than as reported above, there were no transactions by
Wexford Special Situations 1996, L.P. in connection with the
Common Stock during the past 60 days.
(d) Wexford Special Situations 1996, L.P. may be deemed to have
the right to receive or the power to direct the receipt of
dividends from, or proceeds from the sale of the Common Stock.
(e) Not applicable.
5. WEXFORD SPECIAL SITUATIONS 1996 INSTITUTIONAL, L.P.
(a) Aggregate number of shares of Common Stock beneficially owned: 102,141
Percentage: 1.0%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 102,141
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition 102,141
(c) Other than as reported above, there were no transactions by
Wexford Special Situations 1996 Institutional, L.P. in
connection with the Common Stock during the past 60 days.
(d) Wexford Special Situations 1996 Institutional, L.P. may be
deemed to have the right to receive or the power to direct the
receipt of dividends from, or proceeds from the sale of the
Common Stock.
(e) Not applicable.
6. WEXFORD ADVISORS, LLC
(a) Aggregate number of shares of Common Stock beneficially owned: 738,168
Percentage: 7.3%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 738,168
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition 738,168
(c) Other than as reported above, there were no
transactions by the Special General Partner in
connection with the Common Stock during the past 60
days.
(d) The Special General Partner may be deemed to
have the right to receive or the power to direct the
receipt of dividends from, or proceeds from the sale
of the Common Stock.
(e) Not applicable.
Page 20 of 27 Pages
7. WEXFORD-EURIS SPECIAL SITUATIONS 1996, L.P.
(a) Aggregate number of shares of Common Stock beneficially owned: 172,767
Percentage: 1.7%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 172,767
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition1 72,767
(c) Other than as reported above, there were no
transactions by Wexford-Euris in connection with the
Common Stock during the past 60 days.
(d) Wexford-Euris may be deemed to have the right
to receive or the power to direct the receipt of
dividends from, or proceeds from the sale of the
Common Stock.
(e) Not applicable.
8. WEXFORD-EURIS ADVISORS, LLC
(a) Aggregate number of shares of Common Stock beneficially owned: 172,767
Percentage: 1.7%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 172,767
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition1 72,767
(c) Other than as reported above, there were no
transactions by the Euris General Partner in
connection with the Common Stock during the past 60
days.
(d) The Euris General Partner may be deemed to
have the right to receive or the power to direct the
receipt of dividends from, or proceeds from the sale
of the Common Stock.
(e) Not applicable.
9. WEXFORD SPECIAL SITUATIONS 1996, LIMITED
(a) Aggregate number of shares of Common Stock beneficially owned: 27,325
Percentage: 0.3%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 27,325
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition 27,325
(c) Other than as reported above, there were no
transactions by Wexford Cayman in connection with the
Common Stock during the past 60 days.
(d) Wexford Cayman may be deemed to have the right
to receive or the power to direct the receipt of
dividends from, or proceeds from the sale of the
Common Stock. The filing of this Statement shall not
be construed as an admission that Wexford Cayman is,
for the purposes of Section 13D of the Act, the
beneficial owner of any securities covered by this
Statement.
(e) Not applicable.
10. WEXFORD CAPITAL PARTNERS II, L.P.
(a) Aggregate number of shares of Common Stock beneficially owned: 736,342
Percentage: 7.3%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 736,342
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition 736,342
(c) Other than as reported above, there were no
transactions by Wexford Capital in connection with
the Common Stock during the past 60 days.
(d) Wexford Capital may be deemed to have the
right to receive or the power to direct the receipt
of dividends from, or proceeds from the sale of the
Common Stock.
(e) Not applicable.
Page 21 of 27 Pages
11. WEXFORD CAPITAL CORPORATION
(a) Aggregate number of shares of Common Stock beneficially owned: 736,342
Percentage: 7.3%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 736,342
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition 736,342
(c) Other than as reported above, there were no
transactions by the Wexford Capital General Partner
in connection with the Common Stock during the past
60 days.
(d) The Wexford Capital General Partner may be
deemed to have the right to receive or the power to
direct the receipt of dividends from, or proceeds
from the sale of the Common Stock.
(e) Not applicable.
12. WEXFORD OVERSEAS PARTNERS I, L.P.
(a) Aggregate number of shares of Common Stock beneficially owned: 137,445
Percentage: 1.4%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 137,445
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition 137,445
(c) Other than as reported above, there were no
transactions by Wexford Overseas in connection with
the Common Stock during the past 60 days.
(d) Wexford Overseas may be deemed to have the
right to receive or the power to direct the receipt
of dividends from, or proceeds from the sale of the
Common Stock.
(e) Not applicable.
13. WEXFORD CAPITAL LIMITED
(a) Aggregate number of shares of Common Stock beneficially owned: 137,445
Percentage: 1.4%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 137,445
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition 137,445
(c) Other than as reported above, there were no
transactions by the Wexford Overseas General Partner
in connection with the Common Stock during the past
60 days.
(d) The Wexford Overseas General Partner may be
deemed to have the right to receive or the power to
direct the receipt of dividends from, or proceeds
from the sale of the Common Stock.
(e) Not applicable.
14. CD HOLDING COMPANY, LLC
(a) Aggregate number of shares of Common Stock beneficially owned: 3,574,722
Percentage: 35.2%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 3,574,722
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition 3,574,722
(c) Other than as reported above, there were no
transactions by CD Holding Company, LLC in connection
with the Common Stock during the past 60 days.
(d) CD Holding Company, LLC may be deemed to have
the right to receive or the power to direct the
receipt of dividends from, or proceeds from the sale
of the Common Stock.
(e) Not applicable.
Page 22 of 27 Pages
15. CHARLES E. DAVIDSON
(a) Aggregate number of shares of Common Stock beneficially owned: 6,263,480
Percentage: 61.1%
(b) 1. Sole power to vote or to direct vote: 4,358,995
2. Shared power to vote or to direct vote: 1,904,485
3. Sole power to dispose or to direct the disposition: 4,358,995
4. Shared power to dispose or to direct the disposition 1,904,485
(c) Other than as reported above, there were no
transactions by Mr. Davidson in connection with the
Common Stock during the past 60 days.
(d) Mr. Davidson may be deemed to have the right to receive or the
power to direct the receipt of dividends from, or proceeds from the
sale of the Common Stock.
(e) Not applicable.
16. JOSEPH M. JACOBS
(a) Aggregate number of shares of Common Stock beneficially owned: 1,904,485
Percentage: 18.6%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 1,904,485
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition 1,904,485
(c) Other than as reported above, there were no
transactions by Mr. Jacobs in connection with the
Common Stock during the past 60 days.
(d) Mr. Jacobs may be deemed to have the right to receive or the power
to direct the receipt of dividends from, or proceeds from the sale
of the Common Stock.
(e) Not applicable.
17. GULFPORT FUNDING, LLC
(a) Aggregate number of shares of Common Stock beneficially owned: 108,625
Percentage: 1.0%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 108,625
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition 108,625
(c) Other than as reported above, there were no
transactions by Gulfport Funding, LLC in connection
with the Common Stock during the past 60 days.
(d) Gulfport Funding, LLC may be deemed to have
the right to receive or the power to direct the
receipt of dividends from, or proceeds from the sale
of the Common Stock.
(e) Not applicable.
Wexford Capital may, by reason of its status as investment manager to
the Wexford Funds, manager to Wexford Spectrum and GF LLC and investment
sub-advisor to Wexford Cayman, be deemed to own beneficially the Common Stock of
which the Wexford Funds, Wexford Spectrum, GF LLC and Wexford Cayman possess
beneficial ownership.
The Special General Partner may, by reason of its status as general
partner of the Special Funds, be deemed to own beneficially the Common Stock of
which the Special Funds possess beneficial ownership. The Special General
Partner may, by reason of its status as the investment advisor to Wexford
Cayman, be deemed to own beneficially the Common Stock of which Wexford Cayman
possesses the beneficial ownership.
The Euris General Partner may, by reason of its status as the general
partner of Wexford-Euris, be deemed to own beneficially the Common Stock of
which Wexford-Euris possesses beneficial ownership.
The Wexford Capital General Partner may, by reason of its status as
general partner of Wexford Capital, be deemed to own beneficially the Common
Stock of which Wexford Capital possesses beneficial ownership.
The Wexford Overseas General Partner may, by reason of its status as
general partner of Wexford Overseas, be deemed to own beneficially the Common
Stock of which Wexford Overseas possesses beneficial ownership.
Page 23 of 27 Pages
Wexford Advisors may, by reason of its status as a general partner of
Wexford Spectrum Fund I, L.P. and Wexford Spectrum II, L.P., and as manager of
Wexford Spectrum, be deemed to own beneficially the Common Stock of which
Wexford Spectrum possesses beneficial ownership.
Each of Charles E. Davidson and Joseph M. Jacobs may, by reason of his
status as a controlling person of Wexford Capital, be deemed to own beneficially
the Common Stock of which the Wexford Funds, Wexford Spectrum, GF LLC and
Wexford Cayman possess beneficial ownership.
Charles E. Davidson may, by reason of his status as manager of CD
Holding Company, LLC, be deemed to own beneficially the Common Stock of which CD
Holding Company, LLC possesses beneficial ownership.
* * * * *
Page 24 of 27 Pages
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.
Dated: June 26, 2001
WEXFORD CAPITAL LLC
By: /s/ Arthur H. Amron
------------------------------
Name: Arthur H. Amron
Title: Senior Vice President
WEXFORD SPECTRUM
INVESTORS LLC
By: /s/ Arthur H. Amron
------------------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD SPECTRUM
ADVISORS, LLC
By: /s/ Arthur H. Amron
------------------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD SPECIAL
SITUATIONS 1996, L.P.
By: Wexford Advisors LLC,
general partner
By: /s/ Arthur H. Amron
------------------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD SPECIAL SITUATIONS
1996 INSTITUTIONAL, L.P.
By: Wexford Advisors LLC,
general partner
By: /s/ Arthur H. Amron
------------------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD ADVISORS, LLC
By: /s/ Arthur H. Amron
------------------------------
Name: Arthur H. Amron
Title: Vice President
Page 25 of 27 Pages
WEXFORD-EURIS SPECIAL
SITUATIONS 1996, L.P.
By: Wexford-Euris Advisor LLC,
general partner
By: /s/ Arthur H. Amron
------------------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD-EURIS ADVISORS, LLC
By: /s/ Arthur H. Amron
------------------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD SPECIAL
SITUATIONS 1996, LIMITED
By: /s/ Arthur H. Amron
------------------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD CAPITAL
PARTNERS II, L.P.
By: Wexford Capital II, L.P.,
general partner
By: Wexford Capital Corporation,
general partner
By: /s/ Arthur H. Amron
------------------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD CAPITAL CORPORATION
By: /s/ Arthur H. Amron
------------------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD OVERSEAS
PARTNERS I, L.P.
By: Wexford Capital Overseas, L.P.,
general partner
By: Wexford Capital Limited
By: /s/ Arthur H. Amron
------------------------------
Name: Arthur H. Amron
Title: Vice President
Page 26 of 27 Pages
WEXFORD CAPITAL LIMITED
By: /s/ Arthur H. Amron
------------------------------
Name: Arthur H. Amron
Title: Vice President
CD HOLDING COMPANY, LLC
By: /s/ Charles E. Davidson
------------------------------
Name: Charles E. Davidson
Title: Manager
/s/ Charles E. Davidson
- ------------------------------
CHARLES E. DAVIDSON
/s/ Joseph M. Jacobs
- ------------------------------
JOSEPH M. JACOBS
GULFPORT FUNDING, LLC
By: WEXFORD CAPITAL LLC
By: /s/ Arthur H. Amron
------------------------------
Name: Arthur H. Amron
Title: Senior Vice President
Page 27 of 27 Pages
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