Schedule 13D Amendment No. 2

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13D

 

Information To Be Included in Statements Filed Pursuant to Rules 13d-1(a) and

Amendments Thereto Filed Pursuant to 13d-2(a)

 

(Amendment No. 2)*

 

 

 

 

TSAKOS ENERGY NAVIGATION LIMITED


(Name of Issuer)

 

 

Common Shares, par value $1.00 per share


(Title of Class of Securities)

 

 

G9108L108


(CUSIP Number)

 

 

George Saroglou

Tsakos Energy Navigation Limited

367 Syngrou Avenue 175 64

P. Faliro, Athens, Greece

011 30210 940 7710


(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

 

With Copies To:

Stephen P. Farrell, Esq.

Morgan, Lewis & Bockius LLP

101 Park Avenue

New York, New York 10178

(212) 309-6000

 

October 3, 2005


(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.  ¨

 

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).


CUSIP No. G9108L108   13D    

 

  1  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

            KELLEY ENTERPRISES INC.             EIN:

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨

(b)  x

   
  3  

SEC USE ONLY

 

   
  4  

SOURCE OF FUNDS*

 

            OO

   
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

  ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            THE BAHAMAS

   

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

  7    SOLE VOTING POWER

 

                1,861,612


  8    SHARED VOTING POWER

 

                0


  9    SOLE DISPOSITIVE POWER

 

                1,861,612


10    SHARED DISPOSITIVE POWER

 

                0

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            1,861,612

   
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

 

x

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            9.4%

   
14  

TYPE OF REPORTING PERSON*

 

            CO

   

 

-2-


CUSIP No. G9108L108   13D    

 

  1  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

            MARSLAND HOLDINGS LIMITED             EIN:

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨

(b)  x

   
  3  

SEC USE ONLY

 

   
  4  

SOURCE OF FUNDS*

 

            OO

   
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

  ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            BRITISH VIRGIN ISLANDS

   

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

  7    SOLE VOTING POWER

 

                1,156,434


  8    SHARED VOTING POWER

 

                0


  9    SOLE DISPOSITIVE POWER

 

                1,156,434


10    SHARED DISPOSITIVE POWER

 

                0

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            1,156,434

   
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

 

x

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            5.8%

   
14  

TYPE OF REPORTING PERSON*

 

            OO

   

 

-3-


CUSIP No. G9108L108   13D    

 

  1  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

            REDMONT TRADING CORP.             EIN:

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨

(b)  x

   
  3  

SEC USE ONLY

 

   
  4  

SOURCE OF FUNDS*

 

            OO

   
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

  ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            LIBERIA

   

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

  7    SOLE VOTING POWER

 

                897,056


  8    SHARED VOTING POWER

 

                0


  9    SOLE DISPOSITIVE POWER

 

                897,056


10    SHARED DISPOSITIVE POWER

 

                0

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            897,056

   
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

 

x

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            4.5%

   
14  

TYPE OF REPORTING PERSON*

 

            CO

   

 

-4-


CUSIP No. G9108L108   13D    

 

  1  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

            FIRST TSAKOS INVESTMENTS INC.             EIN:

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨

(b)  x

   
  3  

SEC USE ONLY

 

   
  4  

SOURCE OF FUNDS*

 

            NOT APPLICABLE

   
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

  ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            LIBERIA

   

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

  7    SOLE VOTING POWER

 

                0


  8    SHARED VOTING POWER

 

                3,018,046


  9    SOLE DISPOSITIVE POWER

 

                0


10    SHARED DISPOSITIVE POWER

 

                3,018,046

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            3,018,046

   
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

 

x

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            15.2%

   
14  

TYPE OF REPORTING PERSON*

 

            OO

   

 

-5-


CUSIP No. G9108L108   13D    

 

  1  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

            TSAKOS HOLDINGS FOUNDATION             EIN:

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨

(b)  x

   
  3  

SEC USE ONLY

 

   
  4  

SOURCE OF FUNDS*

 

            NOT APPLICABLE

   
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

  ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            LIECHTENSTEIN

   

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

  7    SOLE VOTING POWER

 

                0


  8    SHARED VOTING POWER

 

                3,915,102


  9    SOLE DISPOSITIVE POWER

 

                0


10    SHARED DISPOSITIVE POWER

 

                3,915,102

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            3,915,102

   
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

 

x

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            19.7%

   
14  

TYPE OF REPORTING PERSON*

 

            OO

   

 

-6-


THIS STATEMENT CONSTITUTES AMENDMENT NO. 2 TO THE SCHEDULE 13D PREVIOUSLY FILED

 

Item 1. Security and Issuer

 

This Amendment No. 2 (this “Amendment No. 2”) to Schedule 13D (originally filed on March 20, 2002, and subsequently amended and restated on September 8, 2005 (the “Schedule 13D”) relates to the common shares, par value $1.00 per share (“Common Shares”), of Tsakos Energy Navigation Limited, an exempted company organized under the laws of Bermuda (the “Company”). The principal executive office of the Company is located at 367 Syngrou Avenue, 175 64 P. Faliro, Athens, Greece. Information given in response to each item below shall be deemed incorporated by reference in all other items below. Capitalized terms used herein and not otherwise defined in this Amendment No. 2 shall have the meanings set forth in the Schedule 13D.

 

Item 2. Identity and Background

 

(a) This Amendment No. 2 is being filed pursuant to a Joint Filing Agreement (attached Exhibit 1 and incorporated herein by reference) by (i) Kelley Enterprises Inc. (“Kelley”); (ii) Marsland Holdings Limited (“Marsland”); (iii) Redmont Trading Corp. (“Redmont”); (iv) First Tsakos Investments Inc. (“First Tsakos”) and (iv) Tsakos Holdings Foundation (“Tsakos Holdings”, and, together with Kelley, Marsland, Redmont and First Tsakos, the “Reporting Persons”), which persons may be deemed, but are not conceded, to constitute a “group” within Section 13(d) of the Securities Act of 1934.

 

The Tsakos Holdings Foundation is a Liechtenstein foundation whose beneficiaries include persons and entities affiliated with the Tsakos family, charitable institutions and other unaffiliated persons and entities. The council which controls the Tsakos Holdings Foundation consists of five members, two of whom are members of the Tsakos family. Under the rules of the Securities and Exchange Commission, beneficial ownership includes the power to directly or indirectly vote or dispose of securities or to share such power. It does not necessarily imply economic ownership of the securities. Members of the Tsakos family are among the five council members of the Tsakos Holdings Foundation and accordingly may be deemed to share voting and/or dispositive power with respect to the shares owned by the Tsakos Holdings Foundation and deemed the beneficial owners of such shares. The Tsakos Holdings Foundation owns all of the outstanding shares of Redmont and First Tsakos.

 

First Tsakos is a holding company organized under the laws of Liberia which owns all of the outstanding shares of Kelley and Marsland.

 

Redmont is a holding company organized under the laws of Liberia which beneficially owns the number of Common Shares indicated herein.

 

Marsland is a holding company organized under the laws of the British Virgin Islands which beneficially owns the number of Common Shares indicated herein.

 

Kelley is a holding company organized under the laws of the Bahamas which beneficially owns the number of Common Shares indicated herein.

 

-7-


(b) The addresses of the principal offices of each of the Reporting Persons are as set forth on Schedule A. Schedule A is incorporated into and made a part of this Amendment No. 2.

 

(c) Attached as Schedule B is the name, principal occupation (where applicable) and business address of each member, executive officer and/or director of each of the Reporting Persons. Schedule B is incorporated into and made a part of this Amendment No. 2.

 

(d) During the last five years, none of the Reporting Persons nor any person listed on Schedule B has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e) During the last five years, none of the Reporting Persons nor any person listed on Schedule B has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item 3. Source and Amount of Funds or Other Consideration

 

Item 3 is hereby amended by adding the following paragraph:

 

Between August 29, 2005 and September 13, 2005, Kelley acquired an aggregate of 117,000 Common Shares for an aggregate purchase price of $4,405,160. On August 26, 2005 and October 3, 2005, Marsland acquired an aggregate of 65,000 Common Shares for an aggregate purchase price of $2,377,424. On August 25, 2005 and September 14, 2005, Redmont acquired an aggregate of 35,000 Common Shares for an aggregate purchase price of $1,311,117. With respect to each of Kelley, Marsland and Redmont, the source of funds for the purchase of the 117,000 Common Shares, 65,000 Common Shares and 35,000 Common Shares, respectively, was capital contributions from their respective shareholders. Each of these purchases were effected in open market purchases executed through the New York Stock Exchange.

 

Item 4. Purposes of Transactions

 

Item 4 is hereby amended by adding the following paragraph:

 

Each of Kelley, Marsland and Redmont acquired the 117,000 Common Shares, 65,000 Common Shares and 35,000 Common Shares, respectively, to increase its investment in the Company. Each of Kelley, Marsland and Redmont is holding its Common Shares solely for investment purposes and each has no plans or proposals with respect to any material change in the Company’s business or corporate structure or, generally, any other action referred to in instructions (a) through (j) of Item 4 of the form of Schedule 13D.

 

-8-


Item 5. Interest in Securities of the Issuer

 

(a) As of October 3, 2005, the Reporting Persons beneficial ownership of the Common Shares is as follows:

 

Name


  

Sole Voting and

Dispositive Power


  

Shared Voting and

Dispositive Power


    Percentage(2)

 

Kelley Enterprises Inc.

   1,861,612    —       9.4 %

Marsland Holdings Limited

   1,156,434    —       5.8 %

Redmont Trading Corp.

   897,056    —       4.5 %

First Tsakos Investments Inc.

        3,018,046 (1)   15.2 %

Tsakos Holdings Foundation

        3,915,102 (1)   19.7 %

 

The Reporting Persons are making this single, joint filing because they may be deemed to constitute a “group” within the meaning of Section 13(d)(3) of the Exchange Act, together with Sea Consolidation S.A. of Panama and Nikolas P. Tsakos, although neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that a group exists. Sea Consolidation S.A and Nikolas P. Tsakos beneficially and of record own 1,293,416 and 16,000 Common Shares, respectively. Together, the group would be deemed to beneficially own 5,224,518 Common Shares, constituting 26.4% of the Company.

 


(1) First Tsakos is the sole holder of the outstanding capital stock of Kelley and Marsland and may be deemed to have shared voting and dispositive power of the Common Shares reported by Kelley and Marsland. Tsakos Holdings is the sole holder of outstanding capital stock of First Tsakos and Redmont and may be deemed to have shared voting and dispositive power of the Common Shares reported by Kelley, Marsland and Redmont.
(2) The applicable percentage of ownership of each shareholder is based on the Company’s 19,826,360 issued and outstanding Common Shares as reported in a Form 6-K filed by the Company with the SEC on August 25, 2005.

 

(b) The responses of the Reporting Persons to Items (7) through (11) of the portions of pages 2 through 6 hereto which relate to Common Shares beneficially owned are incorporated herein by reference.

 

The purchases of 117,000 Common Shares, 65,000 Common Shares and 35,000 Common Shares, by each of Kelley, Marsland and Redmont, respectively, were effected in open market purchases executed through the New York Stock Exchange as set forth in Schedule C. Schedule C is incorporated into and made a part of this Amendment No. 2.

 

(c) No person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Shares beneficially owned by Kelley, Marsland, Redmont, First Tsakos or Tsakos Holdings.

 

(d) Not applicable.

 

-9-


Item 7. Materials to Be Filed as Exhibits

 

Item 7 is hereby amended by adding the following exhibit:

 

Exhibit 1: Joint Filing Agreement, dated October 11, 2005, among Kelley Enterprises Inc., Marsland Holdings Limited, Redmont Trading Corp., First Tsakos Investments Inc. and Tsakos Holdings Foundation.

 

[The remainder of this page intentionally left blank]

 

-10-


SIGNATURE

 

After reasonable inquiry and to the best of the knowledge and belief of each of the undersigned, each of the undersigned certifies that the information set forth in this Amendment No. 2 is true, complete and correct.

 

Dated: October 12, 2005

 

KELLEY ENTERPRISES INC.

By:

 

/s/ P. Efthimiades


Name:

 

P. Efthimiades

Title:

 

Director

MARSLAND HOLDINGS LIMITED

By:

 

/s/ E. Saroglou


Name:

 

E. Saroglou

Title:

 

Director

REDMONT TRADING CORP.

By:

 

/s/ Thomas K. Zafiras


Name:

 

Thomas K. Zafiras

Title:

 

President

FIRST TSAKOS INVESTMENTS INC.

By:

 

/s/ P. Efthimiades


Name:

 

P. Efthimiades

Title:

 

Director

TSAKOS HOLDINGS FOUNDATION

By:

 

/s/ M.P. Tsakos


 

/s/ T.K. Zafiras


Name:

 

M.P. Tsakos

 

T.K. Zafiras

Title:

 

Member of the

Foundation

Council

 

Member of the

Foundation

Council


SCHEDULE A

 

Name of Reporting Persons


  

Address of the Principal Office


Kelley Enterprises Inc.

   Saffrey Square, Suite 205, Park Lane, P.O. Box N-8188, Nassau, Bahamas

Marsland Holdings Limited

   FGC Corporate Services Limited, 125 Main Street, PO Box 144, Road Town, Tortola, British Virgin Islands

Redmont Trading Corp.

   9 Nikodimon Street, Kastella Piraeus Greece – 185 33

First Tsakos Investments Inc.

   4 Efesou Street, Nea Smyrni, Athens, Greece

Tsakos Holdings Foundation

   Heiligkreuz 6, Vaduz, Liechtenstein


SCHEDULE B

 

Kelley Enterprises Inc.

 

            Name            


 

            Position            


 

    Principal Occupation    


 

            Business Address            


First Tsakos

Investments Inc.

 

Sole Shareholder

     

34 Efesou Street, Nea

Smyrni, Athens, Greece

Pantelis Nicolas

Efthimiades

 

Director

 

Retired Shipping

Industry Consultant

 

34 Efesou Street, Nea

Smyrni, Athens, Greece

Ioannis Efthimiades

 

Director

 

Shipping Industry

Consultant

 

9 Ionias Street, Nea

Smyrni, Athens, Greece

 

Marsland Holdings Limited

 

            Name            


 

            Position            


 

    Principal Occupation    


 

            Business Address            


First Tsakos

Investments Inc.

 

Sole Shareholder

     

34 Efesou Street, Nea

Smyrni, Athens, Greece

Ioannis Saroglou

 

Director

 

Financial Consultant

 

86 Mplessa Street

Papagos, Greece

Elizabeth Saroglou

 

Director

 

Retired

 

86 Mplessa Street,

Papagos, Greece

 

Redmont Trading Corp.

 

            Name            


 

            Position            


 

    Principal Occupation    


 

            Business Address            


Tsakos Holdings

Foundation

 

Sole Shareholder

     

Heiligkreuz 6

Vaduz, Liechtenstein

Thomas Constantinos

Zafiras

 

Director

 

Attorney

 

Tritonos 104, Paleo

Faliro, Athens, Greece

Constantinos Zafiras

 

Director

 

Legal Consultant

 

10 Stissichorou Street

Athens, Greece


First Tsakos Investments Inc.

 

                Name                


 

    Position    


 

        Principal Occupation        


 

        Business Address            


Pantelis Nicolas

Efthimiades

 

Director

 

Retired Shipping

Industry Consultant

 

34 Efesou Street, Nea

Smyrni, Athens,

Greece

Elizabeth Saroglou

 

Director

 

Retired

 

86 Mplessa Street,

Papagos, Greece

 

Tsakos Holdings Foundation

 

                Name                


 

                Position                


 

        Principal Occupation        


 

        Business Address        


Panayotis Nicolas

Tsakos

 

Foundation Council

Member

 

Self-Employed in the

Shipping Industry

 

Vassilis Sofias 39

Athens, Greece

Maria Panayotis

Tsakos

 

Foundation Council

Member

 

Self-Employed in

Business

 

Stratigou Papayou 16,

Ekali, Athens, Greece

Thomas Constantinos

Zafiras

 

Foundation Council

Member

 

Attorney

 

Tritonos 104, Paleo

Faliro, Athens, Greece

Dr. Herbert

Oberhuber

 

Foundation Council

Member

 

Attorney

 

Unterm Rair 67,

Liechtenstein

Pantelis Nicolas

Efthimiades

 

Director

 

Retired Shipping

Industry Consultant

 

34 Efesou Street, Nea

Smyrni, Athens,

Greece


SCHEDULE C

 

Kelley Enterprises Inc.

 

Date


   No of Shares

     Price

08/29/05

   200      37.8

08/29/05

   400      37.79

08/29/05

   400      37.79

08/29/05

   500      37.73

08/29/05

   400      37.69

08/29/05

   600      37.69

08/29/05

   100      37.67

08/29/05

   400      37.66

08/29/05

   100      37.59

08/29/05

   900      37.59

08/29/05

   200      37.54

08/29/05

   100      37.53

08/29/05

   200      37.52

08/29/05

   600      37.52

08/29/05

   200      37.52

08/29/05

   700      37.52

08/29/05

   100      37.5

08/29/05

   900      37.5

08/29/05

   200      37.47

08/29/05

   800      37.46

08/29/05

   200      37.45

08/29/05

   300      37.43

08/29/05

   500      37.43

08/29/05

   1000      37.4

08/29/05

   900      37.37

08/29/05

   100      37.36

08/29/05

   100      37.3

08/29/05

   800      37.28

08/29/05

   900      37.28

08/29/05

   200      37.25

08/29/05

   900      37.25

08/29/05

   100      37.24

08/29/05

   600      37.24

08/29/05

   100      37.24

08/29/05

   800      37.24

08/29/05

   700      37.24

08/29/05

   200      37.24

08/29/05

   900      37.24

08/29/05

   800      37.24

08/29/05

   800      37.23


08/29/05

   100      37.23

08/29/05

   100      37.23

08/29/05

   900      37.22

08/30/05

   900      38

08/30/05

   900      38

08/30/05

   900      38

08/30/05

   900      37.8911

08/30/05

   900      37.8666

08/30/05

   1000      37.83

08/30/05

   900      37.82

08/30/05

   900      37.8

08/30/05

   1000      37.8

08/30/05

   1000      37.8

08/30/05

   1000      37.784

08/30/05

   1000      37.78

08/30/05

   1000      37.75

08/30/05

   1000      37.75

08/30/05

   1000      37.737

08/30/05

   500      37.56

08/30/05

   200      37.55

08/31/05

   3,000      39.00

08/31/05

   1,000      38.99

9/1/05

   1,800      38.80

9/1/05

   4,500      38.60

9/1/05

   900      38.59

9/1/05

   500      38.53

9/1/05

   900      38.49

9/1/05

   500      38.37

9/1/05

   900      38.36

9/2/05

   2,500      38.50

9/2/05

   1,500      38.49

9/2/05

   500      38.48

9/2/05

   1,000      38.47

9/2/05

   3,000      38.45

9/2/05

   500      38.40

9/2/05

   500      38.34

9/2/05

   500      38.33

9/6/05

   1,000      38.40

9/6/05

   1,000      38.31

9/6/05

   500      38.03

9/6/05

   500      38.00

9/6/05

   1,000      37.73

9/6/05

   2,000      37.72

9/6/05

   1,500      37.70

9/6/05

   1,000      37.69


9/6/05

   500        37.68

9/6/05

   500        37.67

9/6/05

   500        37.66

9/7/05

   900        37.98

9/7/05

   900        37.95

9/7/05

   900        37.90

9/7/05

   1,800        37.89

9/7/05

   1,800        37.73

9/7/05

   900        37.60

9/7/05

   900        37.55

9/7/05

   900        37.53

9/7/05

   500        37.49

9/7/05

   500        37.40

9/8/05

   2,000        37.20

9/8/05

   1,500        37.15

9/8/05

   500        37.12

9/8/05

   1,000        37.10

9/8/05

   500        37.09

9/8/05

   2,000        37.08

9/8/05

   1,000        37.07

9/8/05

   1,000        37.05

9/8/05

   500        36.99

9/9/05

   1,000        37.34

9/9/05

   1,000        37.32

9/9/05

   1,000        37.30

9/9/05

   1,000        37.28

9/9/05

   1,000        37.27

9/9/05

   2,000        37.23

9/9/05

   1,000        37.10

9/9/05

   800        37.06

9/9/05

   1,000        37.05

9/9/05

   200        37.00

9/12/05

   7,600        37.15

9/12/05

   400        37.10

9/13/05

   2,000        36.78

9/13/05

   1,000        36.76

9/13/05

   1,000        36.68

9/13/05

   3,000        36.65

9/13/05

   1,000        36.64

9/13/05

   1,000        36.55

9/13/05

   1,000        36.50

Total

   117,000      $ 4,405,160


Marsland Holdings Limited

 

Date


   No of Shares

     Price

8/26/05

   400      $ 37.48

8/26/05

   500        37.39

8/26/05

   900        37.37

8/26/05

   300        37.33

8/26/05

   400        37.32

8/26/05

   1,200        37.30

8/26/05

   700        37.29

8/26/05

   500        37.28

8/26/05

   500        37.26

8/26/05

   200        37.25

8/26/05

   100        37.24

8/26/05

   700        37.20

8/26/05

   1,300        37.19

8/26/05

   1,400        37.17

8/26/05

   600        37.15

8/26/05

   100        37.13

8/26/05

   300        37.12

8/26/05

   500        37.11

8/26/05

   1,400        37.01

8/26/05

   1,800        37.00

8/26/05

   600        36.99

8/26/05

   800        36.97

8/26/05

   800        36.95

8/26/05

   800        36.93

8/26/05

   100        36.92

8/26/05

   2,000        36.90

8/26/05

   1,400        36.89

8/26/05

   300        36.88

8/26/05

   800        36.87

8/26/05

   800        36.86

8/26/05

   1,100        36.85

8/26/05

   200        36.84

8/26/05

   900        36.83

8/26/05

   100        36.81

8/26/05

   500        36.79

10/3/05

   800        36.39

10/3/05

   1,100        36.38

10/3/05

   2,200        36.35

10/3/05

   1,900        36.34

10/3/05

   3,100        36.33

10/3/05

   1,200        36.32

10/3/05

   2,000        36.31

10/3/05

   5,000        36.30


10/3/05

   3,700        36.29

10/3/05

   2,200        36.28

10/3/05

   2,200        36.27

10/3/05

   800        36.26

10/3/05

   4,000        36.25

10/3/05

   500        36.24

10/3/05

   3,700        36.23

10/3/05

   1,800        36.22

10/3/05

   100        36.19

10/3/05

   700        36.18

10/3/05

   500        36.11

10/3/05

   1,100        36.10

10/3/05

   900        36.09

10/3/05

   400        36.07

10/3/05

   100      $ 36.01

Total

   65,000      $ 2,377,424


Redmont Trading Corp.

 

Date


   No of Shares

     Price

8/25/05

   600      $ 38.34

8/25/05

   600        38.32

8/25/05

   600        38.30

8/25/05

   600        38.21

8/25/05

   600        38.18

8/25/05

   200        38.14

8/25/05

   300        38.13

8/25/05

   700        38.11

8/25/05

   100        38.10

8/25/05

   800        38.09

8/25/05

   500        38.00

8/25/05

   200        37.99

8/25/05

   800        37.98

8/25/05

   200        37.94

8/25/05

   100        37.90

8/25/05

   600        37.88

8/25/05

   1,100        37.85

8/25/05

   200        37.84

8/25/05

   300        37.83

8/25/05

   700        37.82

8/25/05

   900        37.81

8/25/05

   300        37.80

8/25/05

   500        37.79

8/25/05

   400        37.78

8/25/05

   200        37.77

8/25/05

   200        37.75

8/25/05

   800        37.74

8/25/05

   100        37.72

8/25/05

   500        37.71

8/25/05

   100        37.70

8/25/05

   1,500        37.66

8/25/05

   800        37.65

8/25/05

   200        37.63

8/25/05

   1,300        37.62

8/25/05

   200        37.61

8/25/05

   200        37.60

8/25/05

   200        37.58

8/25/05

   400        37.57

8/25/05

   100        37.55

8/25/05

   1,100        37.50

8/25/05

   500        37.48

8/25/05

   200        37.47

8/25/05

   1,100        37.45


8/25/05

   1,100        37.44

8/25/05

   200        37.43

8/25/05

   100        37.42

8/25/05

   200        37.36

8/25/05

   500        37.31

8/25/05

   600        37.30

8/25/05

   700        37.25

09/14/05

   2,400        36.74

09/14/05

   1,500        36.71

09/14/05

   2,900        36.70

09/14/05

   1,600        36.69

09/14/05

   1,600        36.67

Total

   35,000      $ 1,311,117

 

 


EXHIBIT INDEX

 

The following materials are filed as Exhibits to this Amendment No. 2:

 

Exhibit 1: Joint Filing Agreement, dated October 11, 2005, among Kelley Enterprises Inc., Marsland Holdings Limited, Redmont Trading Corp., First Tsakos Investments Inc. and Tsakos Holdings Foundation.