SCHEDULE 13D/A
(Rule 13d-101)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Under the Securities Exchange Act of 1934
Amendment No. 4
---
Chicago Bridge & Iron Company N.V.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value NLG .01
--------------------------------------------------------------------------------
(Title of Class of Securities)
N19808109
--------------------------------------------------------------------------------
(CUSIP Number)
Richard E. Blohm, Jr., 1415 Louisiana Street, Suite 3000, Houston, Texas 77002
(713) 739-6500
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
March 6, 2002
--------------------------------------------------------------------------------
(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(e), 13d-1(f) or 13d-1(g), check the following box
following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
*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
disclosures provided in a prior cover page.
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).
SEC 1746(12-91)
------------------------------------------------- -------------------------------------------------
CUSIP No. N19808109 SCHEDULE 13D Page 2 of 7 Pages
------------------------------------------------- -------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Farinvest, Ltd.
-----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
-----------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
-----------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF
-------------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
-------------------------------------------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
-------------------------------------------------------------------------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER
WITH 0
-----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
-----------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0%
-----------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
-----------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
------------------------------------------------- -------------------------------------------------
CUSIP No. N19808109 SCHEDULE 13D Page 3 of 7 Pages
------------------------------------------------- -------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Farinvest N.V.
-----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
-----------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles
-----------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
------------------------------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
------------------------------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
------------------------------------------------------------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
-----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
-----------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0%
-----------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
-----------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
------------------------------------------------- -------------------------------------------------
CUSIP No. N19808109 SCHEDULE 13D Page 4 of 7 Pages
------------------------------------------------- -------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wedge Engineering B.V.
-----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
-----------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands
-----------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,852,764
-------------------------------------------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH
0
REPORTING -------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON
WITH 3,852,764
-----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,852,764
-----------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
Approximately 18.1%
-----------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
-----------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
------------------------------------------------- -------------------------------------------------
CUSIP No. N19808109 SCHEDULE 13D Page 5 of 7 Pages
------------------------------------------------- -------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Issam M. Fares
-----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
-----------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Lebanon
-----------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
SHARES
3,852,764
BENEFICIALLY
-------------------------------------------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
-------------------------------------------------------------------------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER
WITH 3,852,764
-----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,852,764
-----------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
Approximately 18.1%
-----------------------------------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
This Amendment No. 4 to the statement on Schedule 13D, originally filed
on January 8, 2001 and amended on February 14, 2001, December 10, 2001 and March
6, 2002 (the "Original Statement"), is filed by Farinvest, Ltd., a Cayman
Islands company, Farinvest N.V., a Netherlands Antilles company, WEDGE
Engineering B.V., a Netherlands company ("WEDGE Engineering") and Issam M. Fares
and relates to the Common Stock, par value NLG .01 per share (the "Common
Stock"), of Chicago Bridge & Iron Company N.V., a Company organized under the
laws of the Netherlands ("CBI"), to supplement certain information set forth the
Original Statement. Unless amended or restated, the Original Statement remains
in effect. Unless otherwise indicated, each capitalized term used but not
defined herein shall have the meaning assigned to such term in the Original
Statement.
ITEM 4. PURPOSE OF TRANSACTION.
The text of Item 4 of the Original Statement (including any supplements
thereto) is hereby amended and restated in its entirety to read as follows:
The acquisitions of Common Stock were made for investment purposes. The
Reporting Persons intend to monitor their investment in the Issuer on a
continuing basis in the ordinary course of business and, depending upon the
price of, and other market conditions relating to the Common Stock, subsequent
developments affecting the Issuer, the Issuer's business and prospects, other
investment and business opportunities available to the Reporting Persons,
general stock market and economic conditions, tax considerations and other
factors deemed relevant, may decide to increase or decrease the size of their
investment in the Issuer. Due to restrictions in the Shareholder Agreement, as
defined and described in Item 6, none of the Reporting Persons has specific
plans or proposals which would relate to or result in (except to the extent such
actions may be requested in the future by the Issuer or are described herein):
(a) the acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
(b) an extraordinary corporate transaction, such as a merger,
reorganization, or liquidation, involving the Issuer or any of
its subsidiaries;
(c) a sale or transfer of a material amount of assets of the
Issuer or any of its subsidiaries;
(d) any change in the present Board of Directors or management of
the Issuer, including any plans or proposals to change the
number or term of directors or to fill any existing vacancies
on the Board, except as described in Item 6 with respect to
the Shareholder Agreement (as defined in Item 6);
(e) any material change in the present capitalization or dividend
policy of the Issuer;
(f) any other material change in the Issuer's business or
corporate structure;
(g) changes in the Issuer's charter, by-laws or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the Issuer by any person;
(h) causing a class of securities of the Issuer to be delisted
from a national securities exchange or to cease to be
authorized to be quoted in an inter-dealer quotation system of
a registered national securities association;
(i) a class of equity securities of the Issuer becoming eligible
for termination of registration pursuant to Section 12(g)(4)
of the Act; or
(j) any actions similar to those enumerated above.
On February 13, 2002, WEDGE Engineering adopted a Sales Plan ("Sales
Plan") pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as
amended, under which it instructed Sanders Morris Harris Inc., as its agent, to
sell in one or more transactions (whether through brokers' transactions, block
trades or otherwise) up to 500,000 of its shares of Common Stock during the
period beginning on February 13, 2002 and ending on April 30, 2002 (or earlier
if certain specified conditions occur) in accordance with the terms, conditions
and restrictions set forth in the Sales Plan, including compliance with the
Shareholders Agreement and whether the market price of the Common Stock meets or
exceeds specified targets. The 500,000 shares of Common Stock have previously
been registered under a Registration Statement on Form S-3 (File No. 333-70760),
which was declared effective by the Securities and Exchange Commission on
November 9, 2001.
On March 6, 2002, Sanders Morris Harris Inc. sold 122,000 shares of
Common Stock for $27.025 per share pursuant to the Sales Plan. On March 7, 2002,
Sanders Morris Harris Inc. sold 378,000 shares of Common Stock for $26.136 per
share pursuant to the Sales Plan. All of the shares subject to the Sales Plan,
which was intended to allow diversification in the investments of WEDGE
Engineering and its affiliates, have been sold.
The Reporting Persons reserve the right to formulate specific plans or
proposals with respect to, or to change their intentions regarding, any or all
of the foregoing.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The text of Item 5 is hereby deleted in its entirety and the following
substituted therefor:
(a) As set forth herein, WEDGE Engineering owns 3,852,764 shares
of Common Stock of CBI, which represents approximately 18.1%
of the outstanding Common Stock (based upon the number of
shares of Common Stock outstanding as of September 30, 2001,
as represented by CBI). See Items 3 and 4.
6
As set forth herein, Mr. Fares may be deemed to beneficially
own 3,852,764 shares of Common Stock of the Issuer, which
represents approximately 18.1% of the outstanding Common Stock
(based upon the number of shares of Common Stock outstanding
as of September 30, 2001, as represented by CBI). See Items 3
and 4.
(b) Mr. Fares may be deemed to beneficially own and thereby share
voting and dispositive power over the shares of Common Stock
described herein which are held by WEDGE Engineering. See Item
2.
(c) See Items 3 and 4.
(d) Not applicable.
(e) Each of Farinvest, Ltd. and Farinvest N.V. ceased to be a
beneficial owner of more than five percent of the Common Stock
on or before December 28, 2000.
7
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: March 15, 2002.
FARINVEST, LTD.
By: Issam M. Fares, its Managing Director
By: /s/ Richard E. Blohm, Jr.
--------------------------
Richard E. Blohm, Jr.
Attorney-in-Fact
FARINVEST N.V.
By: Issam M. Fares, its Managing Director
By: /s/ Richard E. Blohm, Jr.
--------------------------
Richard E. Blohm, Jr.
Attorney-in-Fact
WEDGE ENGINEERING B.V.
By: Minefa Holding, B.V.,
its Managing Director
By: Issam M. Fares,
its Managing Director
By: /s/ Richard E. Blohm, Jr.
--------------------------
Richard E. Blohm, Jr.
Attorney-in-Fact
ISSAM M. FARES
By: /s/ Richard E. Blohm, Jr.
--------------------------
Richard E. Blohm, Jr.
Attorney-in-Fact
8