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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
Pure Resources, Inc.
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(NAME OF ISSUER)
Common Stock, Par Value $.01 Per Share
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(TITLE OF CLASS OF SECURITIES)
74622E 10 2
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(CUSIP Number)
Barry A. L. Hoffman, Esq.
Deputy General Counsel
Unocal Corporation
2141 Rosecrans Avenue, Suite 4000
El Segundo, California 90245
(310) 726-7600
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
August 20, 2002
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(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: [_].
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).
SCHEDULE 13D
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CUSIP NO. 74622E 10 2 Page 2 of 6
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Unocal Corporation
95-3825062
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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Number of 7. SOLE VOTING POWER
-0-
Shares
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Beneficially
8. SHARED VOTING POWER
Owned By 35,890,333 (1)
Each ------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
Reporting 32,709,067
Person With ------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,890,333 (1)
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
71.3%
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14. TYPE OF REPORTING PERSON REPORTING
CO
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(1) Includes 32,709,067 shares directly owned by Union Oil Company of
California, and 3,181,266 shares beneficially owned by Jack D. Hightower, with
respect to which the reporting persons may be deemed to share voting control by
virtue of the Voting Agreement (as described on the Schedule 13D).
SCHEDULE 13D
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CUSIP NO. 74622E 10 2 Page 3 of 6
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Unocal Corporation
95-1315450
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
California
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Number of 7. SOLE VOTING POWER
-0-
Shares
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Beneficially
8. SHARED VOTING POWER
Owned By 35,890,333 (2)
Each ------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
Reporting 32,709,067
Person With ------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,890,333 (2)
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
71.3%
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14. TYPE OF REPORTING PERSON REPORTING
CO
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(2) Includes 32,709,067 shares directly owned by Union Oil Company of
California, and 3,181,266 shares beneficially owned by Jack D. Hightower, with
respect to which the reporting persons may be deemed to share voting control by
virtue of the Voting Agreement (as described on the Schedule 13D).
Item 1. Security and Issuer.
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This Amendment No. 1 (this "Amendment") amends and supplements the
joint Statement on Schedule 13D (the "Schedule 13D") of Unocal Corporation, a
Delaware corporation ("Unocal") and Union Oil Company of California ("Union
Oil", together with Unocal, the "Reporting Persons"), a California corporation
and wholly owned subsidiary of Unocal, filed on May 5, 2000 and relating to the
common stock, par value of $.01 per share (the "Pure Common Stock"), of Pure
Resources, Inc., a Delaware corporation ("Pure"). Pure's principal executive
offices are locates at 500 West Texas, Suite 200, Midland, Texas 79701.
Capitalized terms used herein and not defined have the meanings ascribed to them
in the Schedule 13D previously filed by the Reporting Persons.
Item 4. Purpose of Transaction.
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On August 20, 2002, Unocal submitted a letter to the Board of
Directors of Pure setting forth Unocal's proposal to acquire all of the
outstanding shares of Pure Common Stock not currently beneficially owned by the
Reporting Persons in exchange for 0.6527 shares of Unocal common stock, subject
to customary conditions. A copy of Unocal's proposal is attached hereto as
Exhibit 99.1 and the press release announcing the proposal is attached hereto
as Exhibit 99.2, each of which is incorporated herein by reference. The
description herein of the proposal and the matters contemplated thereby is
qualified in its entirety by reference to the aforementioned letter and press
release.
If the Reporting Persons collectively hold at least 90% of the
outstanding shares of Pure Common Stock following completion of the exchange
offer, in compliance with Delaware law, they plan to effect a "short-form"
merger of Pure with a Unocal subsidiary. If the proposed transaction is
completed, Pure will become a wholly owned subsidiary of Unocal.
Item 7. Materials to be Filed as Exhibits.
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Exhibit No. Description
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99.1 Letter from Union Oil to the Pure Resources Board,
dated August 20, 2002.
99.2 Press Release of Unocal dated August 20, 2002.
4 of 6 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: August 20, 2002
UNOCAL CORPORATION
By: /s/ Terry G. Dallas
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Name: Terry G. Dallas
Title: Executive Vice President and Chief
Financial Officer
UNION OIL COMPANY OF CALIFORNIA
By: /s/ Terry G. Dallas
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Name: Terry G. Dallas
Title: Executive Vice President and Chief
Financial Officer
5 of 6 pages
Index to Exhibits
Exhibit No. Description
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99.1 Letter from Union Oil Company of California to the Board
of Directors of Pure Resources, dated August 20, 2002.
99.2 Press Release of Unocal Corporation dated August 20,
2002.