SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(AMENDMENT NO. ___)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
KEY ENERGY SERVICES, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
492914 10 6
(CUSIP Number)
JULY 19, 2002
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule for pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] 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 ("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).
1
CUSIP NO. 492914 10 6
--------------- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
SCF-IV, L.P.
--------------- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
--------------- ----------------------------------------------------------------
3 SEC USE ONLY
--------------- ----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------- ----------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
SHARES ------------- --------------------------------
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH 8,122,370
REPORTING
PERSON ------------- --------------------------------
WITH
7 SOLE DISPOSITIVE POWER
0
------------- --------------------------------
8 SHARED DISPOSITIVE POWER
8,122,370
--------------- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,122,370
--------------- ----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
--------------- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.3%
--------------- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
--------------- ----------------------------------------------------------------
2
CUSIP NO. 492914 10 6
--------------- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
SCF-IV, G.P., Limited Partnership
--------------- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
--------------- ----------------------------------------------------------------
3 SEC USE ONLY
--------------- ----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------- ----------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
SHARES ------------- --------------------------------
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH 8,122,370
REPORTING
PERSON ------------- --------------------------------
WITH
7 SOLE DISPOSITIVE POWER
0
------------- --------------------------------
8 SHARED DISPOSITIVE POWER
8,122,370
--------------- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,122,370
--------------- ----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
--------------- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.3%
--------------- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
--------------- ----------------------------------------------------------------
3
CUSIP NO. 492914 10 6
--------------- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
L.E. Simmons & Associates, Incorporated
--------------- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
--------------- ----------------------------------------------------------------
3 SEC USE ONLY
--------------- ----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------- ----------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
SHARES ------------- --------------------------------
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH 8,122,370
REPORTING
PERSON ------------- --------------------------------
WITH
7 SOLE DISPOSITIVE POWER
0
------------- --------------------------------
8 SHARED DISPOSITIVE POWER
8,122,370
--------------- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,122,370
--------------- ----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
--------------- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.3%
--------------- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
--------------- ----------------------------------------------------------------
4
CUSIP NO. 492914 10 6
--------------- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
L.E. Simmons
--------------- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
--------------- ----------------------------------------------------------------
3 SEC USE ONLY
--------------- ----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------- ----------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
SHARES ------------- --------------------------------
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH 8,122,370
REPORTING
PERSON ------------- --------------------------------
WITH
7 SOLE DISPOSITIVE POWER
0
------------- --------------------------------
8 SHARED DISPOSITIVE POWER
8,122,370
--------------- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,122,370
--------------- ----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
--------------- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.3%
--------------- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
--------------- ----------------------------------------------------------------
5
ITEM 1.
Item 1(a) Name of Issuer: Key Energy Services, Inc.
Item 1(b) Address of Issuer's 6 Desta Drive
Principal Executive Offices: Midland, Texas 79705
ITEM 2.
Item 2(a) Name of Persons Filing: This Schedule is filed by L.E. Simmons, L.E.
Simmons & Associates, Incorporated and SCF-IV, G.P., Limited Partnership with
respect to the shares of Common Stock directly owned by SCF-IV, L.P.; and by
SCF-IV L.P. with respect to the shares of Common Stock directly owned by it.
Item 2(b) Address of Principal Business Office, or if None, Residence: The
address of the principal business office of the parties referred to in paragraph
(a) of this Item 2 is 600 Travis, Suite 6600, Houston, Texas 77002.
Item 2(c) Citizenship: L.E. Simmons is a United States citizen. L.E. Simmons &
Associates, Incorporated is a corporation organized under the laws of the State
of Delaware. SCF-IV, L.P. and SCF-IV, G.P., Limited Partnership are limited
partnerships organized under the laws of the State of Delaware.
Item 2(d) Title of Class of Securities: Common Stock
Item 2(e) CUSIP Number: 492914 10 6
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:
(a) [ ] Broker or dealer registered under section 15 of the Act.
(b) [ ] Bank as defined in section 3(a)(6) of the Act.
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act.
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940.
(e) [ ] Investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E).
(f) [ ] Employee benefit plan or endowment fund in accordance with
Section 240.13d-1(b)(1)(ii)(F).
6
(g) [ ] Parent holding company or control person, in accordance with
Section 240.13d-1(b)(ii)(G).
(h) [ ] Savings Associations as defined in Section 3(b) of the
Federal Deposit Insurance Act.
(i) [ ] Church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940.
(j) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP
SCF-IV, L.P.
(a) Amount beneficially owned: 8,122,370
(b) Percent of Class: 6.3%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 8,122,370
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 8,122,370
SCF-IV, G.P., Limited Partnership (1)
(a) Amount beneficially owned: 8,122,370
(b) Percent of Class: 6.3%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 8,122,370
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 8,122,370
7
L.E. Simmons & Associates, Incorporated (2)
(a) Amount beneficially owned: 8,122,370
(b) Percent of Class: 6.3%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 8,122,370
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 8,122,370
L.E. Simmons (3)
(a) Amount beneficially owned: 8,122,370
(b) Percent of Class: 6.3%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 8,122,370
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 8,122,370
----------
1. SCF-IV, G.P., Limited Partnership, the general partner of SCF-IV, L.P.,
has the power to direct the affairs of SCF-IV, L.P., including
decisions respecting the voting and disposition of the 8,122,370 shares
of Common Stock held by SCF-IV, L.P.
2. L.E. Simmons & Associates, Incorporated, the general partner of SCF-IV,
G.P., Limited Partnership, has the power to direct the affairs of
SCF-IV, G.P., Limited Partnership, including decisions respecting the
voting and disposition of the 8,122,370 shares of Common Stock held by
SCF-IV, L.P.
3. L.E. Simmons is the President and sole stockholder of L.E. Simmons &
Associates, Incorporated and in that capacity may be deemed to
beneficially own the shares of Common Stock beneficially owned by L.E.
Simmons & Associates, Incorporated.
8
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 persons have ceased to be the beneficial owners of more than five
percent of the class of securities, check the following: [ ]
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
ITEM 10. CERTIFICATION
By signing below the undersigned certify that, to the best knowledge and belief
of the undersigned, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.
9
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Dated: December 4, 2002
SCF-IV, L.P.
By: SCF-IV, G.P., Limited Partnership
By: L.E. Simmons & Associates,
Incorporated
By: /s/ Anthony DeLuca
---------------------------------------------------
Anthony DeLuca
Managing Director
SCF-IV, G.P., LIMITED PARTNERSHIP
By: L.E. Simmons & Associates,
Incorporated
By: /s/ Anthony DeLuca
---------------------------------------------------
Anthony DeLuca
Managing Director
L.E. SIMMONS & ASSOCIATES, INCORPORATED
By: /s/ Anthony DeLuca
---------------------------------------------------
Anthony DeLuca
Managing Director
L.E. SIMMONS
/s/ L.E. Simmons
---------------------------------------------------
L.E. Simmons, individually
10
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
------- -----------
99 Joint filing agreement