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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )
(Name of Issuer)
COMMON STOCK, $.10 PAR VALUE
(Title of Class of Securities)
(CUSIP Number)
Spiros N. Vassilakis
The Mitchell Family Corporation
24 Waterway Avenue, Suite 300
The Woodlands, Texas 77380
(713) 377-5609
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
(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
Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box o.
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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NAME OF REPORTING PERSON
George P. Mitchell |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) o |
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(b) o |
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SEC USE ONLY |
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SOURCE OF FUNDS |
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OO |
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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United States
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SOLE VOTING POWER |
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23,372,374 shares |
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SHARED VOTING POWER |
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0 shares |
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SOLE DISPOSITIVE POWER |
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23,372,374 shares |
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SHARED DISPOSITIVE POWER |
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0 shares |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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23,372,374 shares |
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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5.2% |
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TYPE OF REPORTING PERSON |
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IN |
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SCHEDULE 13D (Amendment No. 1)
Explanatory Note: This Schedule 13D (Amendment No. 1) (this “Amendment”) relates to the
common stock, par value $0.10 per share (the “Common Stock”), of Devon Energy Corporation, a
Delaware corporation (the “Company”), and is filed by George P. Mitchell, individually and as
executor of the estate of his late wife, Cynthia Woods Mitchell, who died on December 27, 2009.
This Amendment No. 1 amends the Schedule 13D dated January 24, 2002, filed with the Securities and
Exchange Commission by Mr. and Mrs. Mitchell (the “Schedule 13D”) as set forth below. Capitalized
terms used but not defined in this Amendment No. 1 shall have the meanings ascribed to them in the
Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 is amended to read in its entirety as follows:
(a) This statement is filed by George P. Mitchell, individually and as executor of the estate
of his late wife, Cynthia Woods Mitchell.
(b) Mr. Mitchell’s principal business address is 24 Waterway Avenue, Suite 300, The
Woodlands, Texas 77380.
(c) Mr. Mitchell is a private investor.
(d) During the last five years, Mr. Mitchell has not been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors).
(e) During the last five years, Mr. Mitchell has not been 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.
(f) Mr. Mitchell is a citizen of the United States.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 is amended to read in its entirety as follows:
As a private investor, Mr. Mitchell may from time to time effect gifts, sales or other
transactions in Common Stock, based on various considerations, including but not limited to general
economic, business and market conditions and estate planning. Except as described in the previous
sentence, Mr. Mitchell currently has no plans or proposals that relate to or would
result in any of the transactions described in paragraphs (a) through (j) of Item 4 of Schedule
13D.
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 is amended to read in its entirety as follows:
The following table sets forth the number of shares of Common Stock beneficially owned by Mr.
Mitchell as of March 4, 2010:
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Shares Beneficially Owned |
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Sole Voting |
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Shared |
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Percentage |
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Voting and |
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Of |
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Dispositive Power |
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Dispositive Power |
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Total |
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Outstanding Shares (2) |
George P. Mitchell |
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23,372,374 |
(1) |
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0 |
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23,372,374 |
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5.2 |
% |
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Of such shares, 21,285,940 shares are held by George P. Mitchell and 2,086,434 shares were
held by George P. Mitchell and Cynthia Woods Mitchell, as tenants in common. Mr. Mitchell,
either individually or as executor of Mrs. Mitchell’s estate, has sole voting and dispositive
power with respect to all of such shares. All of such shares are subject to applicable
marital property laws. |
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Based on 446.8 million shares of Common Stock outstanding on February 15, 2010, as set forth
in the Company’s Form 10-K for the year ended December 31, 2009. |
Neither Mr. Mitchell nor Mrs. Mitchell’s estate has engaged in any transaction in shares
of Common Stock within the past 60 days.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS AND RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
Item 6 is amended to read in its entirety as follows:
The Company, one of the Company’s subsidiaries and Mr. and Mrs. Mitchell were parties to an
Amended and Restated Investor Rights Agreement dated as of August 13, 2001, which has terminated
pursuant to its terms.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Item 7 is amended to add the Explanatory Note below at the end:
E-1. Joint Filing Agreement dated as of January 25, 2002 between George P. Mitchell and
Cynthia Woods Mitchell.
E-2. Amended and Restated Investor Rights Agreement dated as of August 13, 2001 by and among
Devon Energy Corporation, Devon Holding Corporation, George P. Mitchell and Cynthia Woods Mitchell
(incorporated by reference to Exhibit 99(a)(3) to Devon Energy Corporation’s Amendment No. 1 to
Schedule 13D relating to the Class A Common Stock, par
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value $0.10 per share, of Mitchell Energy & Development Corp. that was filed on October 10, 2001).
Explanatory Note: Because of the death of Mrs. Mitchell, the Joint Filing Agreement
previously filed as Exhibit E-1 is no longer effective. As noted in Item 6, the Amended and
Restated Investor Rights Agreement previously filed as Exhibit E-2 has terminated pursuant to its
terms.
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SIGNATURE
After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the
undersigned hereby certifies that the information set forth in this statement is true, complete and
correct.
Dated: March 4, 2010.
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/s/ George P. Mitchell
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George P. Mitchell, |
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Individually and as Executor of the
Estate of Cynthia Woods Mitchell |
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