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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(h) of the Investment Company Act of 1940
|_| Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
(Print of Type Responses)
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1. Name and Address of Reporting Person*
Price III William S
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(Last) (First) (Middle)
c/o Texas Pacific Group
301 Commerce Street, Suite 3300
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(Street)
Fort Worth Texas 76102
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Denbury Resources Inc. (DNR)
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
________________________________________________________________________________
4. Statement for Month/Day/Year
3/6/2003
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5. If Amendment, Date of Original (Month/Day/Year)
________________________________________________________________________________
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|X| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
____________________________________________________________________
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check Applicable line)
|X| Form Filed by One Reporting Person
|_| Form Filed by More than One Reporting Person
________________________________________________________________________________
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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5.
Amount of 6.
4. Securities Owner-
Securities Acquired (A) or Beneficially ship
2A. 3. Disposed of (D) Owned Form: 7.
2. Deemed Transaction (Instr. 3, 4 and 5) Following Direct Nature of
Trans- Execution Code ------------------------------- Reported (D) or Indirect
1. action Date, if (Instr. 8) (A) Transaction(s) Indirect Beneficial
Title of Security Date any ------------ or (Instr. 3 & (I) Ownership
(Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V Amount (D) Price Instr.4) (Instr.4) (Instr.4)
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Common Stock, par value
$0.001 per share 11/22/2002(1) N/A S N/A 2,238,372 (D) $9.50 6,483,066 I Footnote (1)
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Common Stock, par value
$0.001 per share 11/22/2002(2) N/A S N/A 4,761,628 (D) $9.50 13,791,248 I Footnote (2)
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Common Stock, par value
$0.001 per share 12/18/2002(3) N/A S N/A 159,884 (D) $9.50 6,323,182 I Footnote (3)
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Common Stock, par value
$0.001 per share 12/18/2002(4) N/A S N/A 340,116 (D) $9.50 13,451,132 I Footnote (4)
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Common Stock, par value
$0.001 per share 3/06/2003 N/A S N/A 799,419 (D) $10.95 5,523,763 I Footnote (5)
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Common Stock, par value
$0.001 per share 3/06/2003 N/A S N/A 1,700,581 (D) $10.95 11,750,551 I Footnote (6)
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
Potential persons who respond to the collection of information contained in this
form are not required to respond unless the form displays a currently valid OMB
control number.
(Over)
SEC 1474(9-02)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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9.
Number 10.
of Owner-
deriv- ship
ative Form
2. Secur- of
Conver- 5. 7. ities Deriv- 11.
sion Number of Title and Amount Bene- ative Nature
or Derivative 6. of Underlying 8. ficially Secur- of
Exer- 3A. 4. Securities Date Securities Price Owned ity: In-
cise Deemed Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct
Price 3. Execut- action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene-
1. of Trans- ion Code of(D) (Month/Day/Year) Amount ative Reported In- ficial
Title of Deriv- action Date if (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner-
Derivative ative Date any 8) 4 and 5) Date Expira- Number ity action(s) (I) ship
Security Secur- (mm/dd/ (mm/dd/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity yy) yy) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Explanation of Responses:
/s/ William S. Price March 10, 2003
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**Signature of Reporting Person Date
William S. Price
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Continuation Sheet to Form 4
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Name and Address of Reporting Person William S. Price III
c/o Texas Pacific Group
301 Commerce Street, Suite 3300
Fort Worth, TX 76102
Issuer Name and Ticker or Denbury Resources Inc.
Trading Symbol DNR
Statement for Month/Day/Year 3/06/2003
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Explanation of Responses:
Footnotes and Explanation of Responses:
(1) Transaction was previously reported on a Form 4 filed with the Securities
and Exchange Commission (the "SEC") by TPG Advisors, Inc. ("Advisors") on
or about November 25, 2002.
(2) Transaction was previously reported on a Form 4 filed with the SEC by TPG
Advisors II, Inc. ("Advisors II") on or about November 25, 2002.
(3) Transaction was previously reported on a Form 4 filed with the SEC by
Advisors on or about December 18, 2002.
(4) Transaction was previously reported on a Form 4 filed with the SEC by
Advisors II on or about December 18, 2002.
(5) William S. Price III ("Price") is a director, officer and shareholder of
Advisors, which is the general partner of TPG GenPar, L.P. ("GenPar"),
which in turn is the sole general partner of each of TPG Partners, L.P
("Partners") and TPG Parallel I, L.P. ("Parallel"), which are the direct
beneficial owners of certain of the securities reported herein. Pursuant to
Rule 16a-1(a)(2)(ii)(B) of the Securities Exchange Act of 1934, as amended
(the "Act"), each of Price, Advisors and GenPar is deemed to be the
beneficial owner of the shares of the Issuer beneficially owned by Partners
and Parallel only to the extent of the greater of their respective direct
or indirect interest in the profits or capital account of Partners and
Parallel. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not
be deemed an admission that Price, Advisors or GenPar is, for purposes of
Section 16 of the Act or otherwise, the beneficial owner of any securities
owned by Partners or Parallel in excess of such amount.
(6) Price is also a director, officer and shareholder of Advisors II, which is
the general partner of each of TPG 1999 Equity Partners II, L.P. ("Equity
Partners") and TPG GenPar II, L.P. ("GenPar II"), which in turn is the sole
general partner of each of TPG Partners II, L.P. ("Partners II"), TPG
Parallel II, L.P. ("Parallel II") and TPG Investors II, L.P. ("Investors
II", together with Equity Partners, Partners II and Parallel II, "TPG II
Funds"), which are the direct beneficial owners of certain of the
securities reported herein. Pursuant to Rule 16a-1(a)(2)(ii)(B) of the Act,
each of Price, Advisors II and GenPar II is deemed to be the beneficial
owner of the shares of the Issuer beneficially owned by TPG II Funds only
to the extent of the greater of their direct or indirect interest in the
profits or capital account of TPG II Funds. Pursuant to Rule 16a-1(a)(4)
under the Act, this filing shall not be deemed an admission that Price,
Advisors II or GenPar II is, for purposes of Section 16 of the Act or
otherwise, the beneficial owner of any securities owned by such funds in
excess of such amount.