UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
Torch Offshore, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
891019101
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(CUSIP Number)
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December 31, 2003
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
|_| Rule 13d-1(b)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing
information which would alter the disclosures provided in a prior cover
page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 (the "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).
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CUSIP No. 891019101 13G Page 2 of 10 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Riverside Investments, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |X|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------- ------- ---------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 527,572
------- ---------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
------- ---------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 527,572
------- ---------------------------------
8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
527,572 Shares or 553,206 Shares (if the shares reported as
beneficially owned by Lime Rock are included).
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions) |_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 4.2%, or approximately 4.4% (if the shares
reported as beneficially owned by Lime Rock are included).
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12 TYPE OF REPORTING PERSON (See Instructions)
OO
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CUSIP No. 891019101 13G Page 3 of 10 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
The Beacon Group Energy Investment Fund II, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |X|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------- ------- ---------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 527,572
------- ---------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
------- ---------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 527,572
------- ---------------------------------
8 SHARED DISPOSITIVE POWER
---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
527,572 Shares or 553,206 Shares (if the shares reported as
beneficially owned by Lime Rock are included).
---------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions) |_|
---------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 4.2%, or approximately 4.4% (if the shares
reported as beneficially owned by Lime Rock are included).
---------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
PN
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CUSIP No. 891019101 13G Page 4 of 10 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Beacon Energy Investors II, L.P.
---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |X|
(b) |_|
---------- --------------------------------------------------------------------
3 SEC USE ONLY
---------- --------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------- ------- ---------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 527,572
------- ---------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
------- ---------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 527,572
------- ---------------------------------
8 SHARED DISPOSITIVE POWER
---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
527,572 Shares or 553,206 Shares (if the shares reported as
beneficially owned by Lime Rock are included).
---------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions) |_|
---------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 4.2%, or approximately 4.4% (if the shares
reported as beneficially owned by Lime Rock are included).
---------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
PN
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CUSIP No. 891019101 13G Page 5 of 10 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Energy Fund II GP, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |X|
(b) |_|
---------- --------------------------------------------------------------------
3 SEC USE ONLY
---------- --------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------- ------- ---------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 527,572
------- ---------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
------- ---------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 527,572
------- ---------------------------------
8 SHARED DISPOSITIVE POWER
---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
527,572 Shares or 553,206 Shares (if the shares reported as
beneficially owned by Lime Rock are included).
---------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions) |_|
---------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 4.2%, or approximately 4.4% (if the shares
reported as beneficially owned by Lime Rock are included).
---------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
OO
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CUSIP No. 891019101 13G Page 6 of 10 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Friends of Lime Rock LP
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |X|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------- ------- ---------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 25,634
------- ---------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
------- ---------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 25,634
------- ---------------------------------
8 SHARED DISPOSITIVE POWER
---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,634 Shares or 553,206 Shares (if the shares reported as
beneficially owned by Riverside are included).
---------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions) |_|
---------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 0.2%, or approximately 4.4% (if the shares
reported as beneficially owned by Riverside are included).
---------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
PN
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SCHEDULE 13G
This Statement on Schedule 13G, relating to the common stock, par
value $0.01 per share (the "Common Stock"), issued by Torch Offshore, Inc,
a Delaware corporation (the "Issuer") amends the Schedule 13G filed on
February 14, 2002 by and on behalf of Riverside Investments, LLC
("Riverside"), The Beacon Group Energy Investment Fund II, L.P. ("Fund
II"), Beacon Energy Investors II, L.P. ("Investors II"), Energy Fund II GP,
LLC ("Energy"), and Friends of Lime Rock LP (Lime Rock") (collectively, the
"Reporting Persons"). Fund II is the sole managing member of Riverside.
Investors II is the sole general partner of Fund II. Energy is the sole
general partner of Investors II. The percentages reported herein are based
on there being 12,638,990 shares of Common Stock outstanding as reported in
the Form 10-Q of the Issuer filed on November 13, 2003.
ITEM 1(a). NAME OF ISSUER:
Unchanged.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
Unchanged.
ITEM 2(a). NAME OF PERSON FILING:
Unchanged.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Unchanged.
ITEM 2(c). CITIZENSHIP:
Unchanged.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Unchanged.
ITEM 2(e). CUSIP NUMBER:
Unchanged.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b)
OR (c), CHECK WHETHER THE PERSON FILING IS A:
Unchanged.
ITEM 4. OWNERSHIP
Item 4 is amended in its entirety as follows:
Riverside
(a) Amount beneficially owned: 527,572 Shares or 553,206 Shares
(if the shares reported as beneficially owned by Lime Rock are
included).
(b) Percent of class: Approximately 4.2% of the outstanding
Common Stock, or approximately 4.4% of the outstanding Common
Stock (if the shares reported as beneficially owned by Lime Rock
are included) (such percentages computed in accordance with Rule
13d-3(d) of the Securities Exchange Act of 1934).
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 527,572 (or
553,206)
(ii) Shared power to vote or to direct the vote:
(iii) Sole power to dispose or to direct the disposition of:
527,572 (or 553,206)
(iv) Shared power to dispose or to direct the disposition of:
Fund II
(a) Amount beneficially owned: 527,572 Shares or 553,206 Shares
(if the shares reported as beneficially owned by Lime Rock are
included).
(b) Percent of class: Approximately 4.2% of the outstanding
Common Stock, or approximately 4.4% of the outstanding Common
Stock (if the shares reported as beneficially owned by Lime Rock
are included) (such percentages computed in accordance with Rule
13d-3(d) of the Securities Exchange Act of 1934).
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 527,572 (or
553,206)
(ii) Shared power to vote or to direct the vote:
(iii) Sole power to dispose or to direct the disposition of:
527,572 (or 553,206)
(iv) Shared power to dispose or to direct the disposition of:
Investors II
(a) Amount beneficially owned: 527,572 Shares or 553,206 Shares
(if the shares reported as beneficially owned by Lime Rock are
included).
(b) Percent of class: Approximately 4.2% of the outstanding
Common Stock, or approximately 4.4% of the outstanding Common
Stock (if the shares reported as beneficially owned by Lime Rock
are included) (such percentages computed in accordance with Rule
13d-3(d) of the Securities Exchange Act of 1934).
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 527,572 (or
553,206)
(ii) Shared power to vote or to direct the vote:
(iii) Sole power to dispose or to direct the disposition of:
527,572 (or 553,206)
(iv) Shared power to dispose or to direct the disposition of:
Energy
(a) Amount beneficially owned: 527,572 Shares or 553,206 Shares
(if the shares reported as beneficially owned by Lime Rock are
included).
(b) Percent of class: Approximately 4.2% of the outstanding
Common Stock, or approximately 4.4% of the outstanding Common
Stock (if the shares reported as beneficially owned by Lime Rock
are included) (such percentages computed in accordance with Rule
13d-3(d) of the Securities Exchange Act of 1934).
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 527,572 (or
553,206)
(ii) Shared power to vote or to direct the vote:
(iii) Sole power to dispose or to direct the disposition of:
527,572 (or 553,206)
(iv) Shared power to dispose or to direct the disposition of:
Lime Rock
(a) Amount beneficially owned: 25,634 Shares or 553,206 Shares
(if the shares reported as beneficially owned by Riverside are
included).
(b) Percent of class: Approximately 0.2% of the outstanding
Common Stock, or approximately 4.4% of the outstanding Common
Stock (if the shares reported as beneficially owned by Riverside
are included) (such percentages computed in accordance with Rule
13d-3(d) of the Securities Exchange Act of 1934).
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 25,634 (or
553,206)
(ii) Shared power to vote or to direct the vote:
(iii) Sole power to dispose or to direct the disposition of:
25,634 (or 553,206)
(iv) Shared power to dispose or to direct the disposition of:
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following [X].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Unchanged.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
Unchanged.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Unchanged.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Unchanged.
ITEM 10. CERTIFICATIONS.
Unchanged.
Signature Page
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete
and correct.
Dated: February 11, 2004
RIVERSIDE INVESTMENTS, LLC
By: The Beacon Group Energy Investment
Fund II L.P., its managing member
By /s/ Faith Rosenfeld
-----------------------------------------
Name: Faith Rosenfeld
Title: Authorized Signatory
THE BEACON GROUP ENERGY INVESTMENT
FUND II, L.P.
By: Beacon Energy Investors II L.P.,
its general partner
By /s/ Faith Rosenfeld
-----------------------------------------
Name: Faith Rosenfeld
Title: Authorized Signatory
BEACON ENERGY INVESTORS II. L.P.
By: Energy Fund II GP, LLC, its
general partner.
By /s/ Faith Rosenfeld
-----------------------------------------
Name: Faith Rosenfeld
Title: Authorized Signatory
ENERGY FUND II GP, LLC
By /s/ Faith Rosenfeld
-----------------------------------------
Name: Faith Rosenfeld
Title: Authorized Signatory
FRIENDS OF LIME ROCK LP
By: Lime Rock Partners LLC, its
general partner.
By /s/ John Reynolds
------------------------------------------
Name: John Reynolds
Title: Managing Member
Exhibit A
Joint Filing Agreement
The undersigned agree that the foregoing Statement on Schedule 13G is being
filed with the Commission on behalf of each of the undersigned pursuant to
Rule 13d-1(k).
Dated: February 11, 2004
RIVERSIDE INVESTMENTS, LLC
By: The Beacon Group Energy Investment
Fund II L.P., its managing member
By /s/ Faith Rosenfeld
-----------------------------------------
Name: Faith Rosenfeld
Title: Authorized Signatory
THE BEACON GROUP ENERGY INVESTMENT
FUND II, L.P.
By: Beacon Energy Investors II L.P.,
its general partner
By /s/ Faith Rosenfeld
-----------------------------------------
Name: Faith Rosenfeld
Title: Authorized Signatory
BEACON ENERGY INVESTORS II. L.P.
By: Energy Fund II GP, LLC,
its general partner.
By /s/ Faith Rosenfeld
-----------------------------------------
Name: Faith Rosenfeld
Title: Authorized Signatory
ENERGY FUND II GP, LLC
By /s/ Faith Rosenfeld
-----------------------------------------
Name: Faith Rosenfeld
Title: Authorized Signatory
FRIENDS OF LIME ROCK LP
By: Lime Rock Partners LLC, its
general partner.
By /s/ John Reynolds
-----------------------------------------
Name: John Reynolds
Title: Managing Member