UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A-3
Under the Securities Exchange Act of 1934
(Amendment No. 3)
SEABULK INTERNATIONAL INC.
------------------------------
(Name of issuer)
Common Stock, $.01 Par Value Per Share
--------------------------------------
(Title of class of securities)
81169P101
------------------------
(CUSIP number)
Arthur H. Amron, Esq.
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)
March 8, 2004
----------------------------------
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of 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 ss. 240.13d-7 for other
parties to whom copies are to be sent.
Page 1 of 11 Pages
CUSIP No. 81169P101
-------------------------------------------------------------------------------------------------------------------
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) [ ]
(See Instructions) (b) [ ]
-------------------------------------------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions) OO
-------------------------------------------------------------------------------------------------------------------
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 -------------------------------------------------------------------------------
Reporting 8. Shared Voting Power (see Item 5 below) 0
Person With
----------------------------------------------------------------------------------------
9. Sole Dispositive Power 0
-------------------------------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below) 0
-------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 0
-------------------------------------------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) CO
-------------------------------------------------------------------------------------------------------------------
Page 2 of 11 Pages
CUSIP No. 81169P101
-------------------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. Valentis 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) [ ]
(See Instructions) (b) [ ]
-------------------------------------------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions) OO
-------------------------------------------------------------------------------------------------------------------
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 -------------------------------------------------------------------------------
Reporting 8. Shared Voting Power (see Item 5 below) 0
Person With
----------------------------------------------------------------------------------------
9. Sole Dispositive Power 0
-------------------------------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below) 0
-------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 0
-------------------------------------------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) CO
-------------------------------------------------------------------------------------------------------------------
Page 3 of 11 Pages
CUSIP No. 81169P101
-------------------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. Solitair 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) [ ]
(See Instructions) (b) [ ]
-------------------------------------------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions) OO
-------------------------------------------------------------------------------------------------------------------
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
Beneficially 0
Owned by Each -------------------------------------------------------------------------------
Reporting 8. Shared Voting Power (see Item 5 below)
Person With 0
----------------------------------------------------------------------------------------
9. Sole Dispositive Power
0
-------------------------------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below)
0
-------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person
0
-------------------------------------------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) CO
-------------------------------------------------------------------------------------------------------------------
Page 4 of 11 Pages
CUSIP No. 81169P101
-------------------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. Taurus 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) [ ]
(See Instructions) (b) [ ]
-------------------------------------------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions) OO
-------------------------------------------------------------------------------------------------------------------
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
Beneficially 0
Owned by Each -------------------------------------------------------------------------------
Reporting 8. Shared Voting Power (see Item 5 below)
Person With 0
----------------------------------------------------------------------------------------
9. Sole Dispositive Power
0
-------------------------------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below)
0
-------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person
0
-------------------------------------------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) CO
-------------------------------------------------------------------------------------------------------------------
Page 5 of 11 Pages
CUSIP No. 81169P101
-------------------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. Charles E. Davidson
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
-------------------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
-------------------------------------------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions) OO
-------------------------------------------------------------------------------------------------------------------
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 -------------------------------------------------------------------------------
Reporting 8. Shared Voting Power (see Item 5 below) 0
Person With
----------------------------------------------------------------------------------------
9. Sole Dispositive Power 0
-------------------------------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below) 0
-------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 0
-------------------------------------------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) IN
-------------------------------------------------------------------------------------------------------------------
Page 6 of 11 Pages
CUSIP No. 81169P101
-------------------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. Joseph M. Jacobs
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
-------------------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
-------------------------------------------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions) OO
-------------------------------------------------------------------------------------------------------------------
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 -------------------------------------------------------------------------------
Reporting 8. Shared Voting Power (see Item 5 below) 0
Person With
----------------------------------------------------------------------------------------
9. Sole Dispositive Power 0
-------------------------------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below) 0
-------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 0
-------------------------------------------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) IN
-------------------------------------------------------------------------------------------------------------------
Page 7 of 11 Pages
CUSIP No. 81169P101
-------------------------------------------------------------------------------------------------------------------
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) [ ]
(See Instructions) (b) [ ]
-------------------------------------------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions) OO
-------------------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization Connecticut
-------------------------------------------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power 0
Beneficially
Owned by Each -------------------------------------------------------------------------------
Person With 8. Shared Voting Power (see Item 5 below) 0
----------------------------------------------------------------------------------------
9. Sole Dispositive Power 0
-------------------------------------------------------------------------------
10. Shared Dispositive Power (see Item 5 below) 0
-------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 0
-------------------------------------------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) CO
-------------------------------------------------------------------------------------------------------------------
Page 8 of 11 Pages
This Amendment No. 3 to Schedule 13D modifies and supplements the
Schedule 13D initially filed on April 22, 2002, as amended by Amendment No. 1 to
Schedule 13D filed on June 21, 2002 and Amendment No. 2 to Schedule 13D filed on
February 5, 2004 (as amended, the "Statement") with respect to the common stock,
$0.01 par value per share (the "Common Stock"), of Seabulk International Inc.
(the "Company"). Except to the extent supplemented by the information contained
in this Amendment No. 3, the Statement remains in full force and effect.
Capitalized terms used herein without definition have the respective meanings
ascribed to them in the Statement.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
On March 8, 2004, the Reporting Persons disposed of an aggregate of
1,231,801 shares of Common Stock at a price of $9.75 per share. As a result of
the foregoing, the Reporting Persons no longer own beneficially, or of record,
any shares of Common Stock.
Page 9 of 11 Pages
Except as set forth above and in Amendment No. 2, the Reporting Persons
have not effected any transactions in the Common Stock during the 60 days
preceding the date of this Amendment No. 3 to Schedule 13D.
* * * * *
Page 10 of 11 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: March 10, 2004
WEXFORD SPECTRUM INVESTORS LLC
By: /s/ Arthur H. Amron
------------------------
Name: Arthur H. Amron
Title: Vice President
VALENTIS INVESTORS, LLC
By: /s/ Arthur H. Amron
------------------------
Name: Arthur H. Amron
Title: Vice President
TAURUS INVESTORS LLC
By: /s/ Arthur H. Amron
------------------------
Name: Arthur H. Amron
Title: Vice President
SOLITAIR LLC
By: /s/ Arthur H. Amron
------------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD CAPITAL LLC
By: /s/ Arthur H. Amron
------------------------
Name: Arthur H. Amron
Title: Principal and Secretary
/s/ Charles E. Davidson
-----------------------
CHARLES E. DAVIDSON
/s/ Joseph M. Jacobs
--------------------
JOSEPH M. JACOBS
Page 11 of 11 Pages