UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ____)*
TORCH OFFSHORE, INC.
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
891019101
(CUSIP Number)
December 31, 2001
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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 the disclosures provided
in a prior cover page.
The information required in 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. 891019101 Page 2 of 14
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Lyle G. Stockstill
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5 SOLE VOTING POWER
0
SHARES BENEFICIALLY ---------------------------------------------
6 SHARED VOTING POWER
OWNED BY 7,505,000 (1)
---------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
0
PERSON ---------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH: 7,505,000 (1)
------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,505,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
57.9% (1)
------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
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CUSIP No. 891019101 Page 3 of 14
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Lana J. Hingle Stockstill
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
0
SHARES BENEFICIALLY ---------------------------------------------
6 SHARED VOTING POWER
OWNED BY 7,505,000 (2)
---------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
0
PERSON ---------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH: 7,505,000 (2)
------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,505,000
------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
57.9% (2)
------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
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CUSIP No. 891019101 Page 4 of 14
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Torch, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Louisiana
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NUMBER OF 5 SOLE VOTING POWER
7,505,000
SHARES BENEFICIALLY ---------------------------------------------
6 SHARED VOTING POWER
OWNED BY 0
---------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
7,505,000
PERSON ---------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH: 0
------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,505,000
------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
57.9%
------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
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CUSIP No. 891019101 Page 5 of 14
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
The Lyle G. Stockstill Trust No. 1
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
The trust is governed by the laws of the State of Delaware
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NUMBER OF 5 SOLE VOTING POWER
0
SHARES BENEFICIALLY ---------------------------------------------
6 SHARED VOTING POWER
OWNED BY 1,876,250 (3)
---------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
0
PERSON ---------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH: 1,876,250 (3)
------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,876,250
------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.5% (3)
------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
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CUSIP No. 891019101 Page 6 of 14
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
The Lana Hingle Stockstill Trust No. 1
------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The trust is governed by the laws of the State of Delaware
------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
0
SHARES BENEFICIALLY ---------------------------------------------
6 SHARED VOTING POWER
OWNED BY 1,876,250 (4)
---------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
0
PERSON ---------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH: 1,876,250 (4)
------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,876,250
------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.5% (4)
------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
------------------------------------------------------------------
CUSIP No. 891019101 Page 7 of 14
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Donald J. Webre
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
0
SHARES BENEFICIALLY ---------------------------------------------
6 SHARED VOTING POWER
OWNED BY 1,876,250 (5)
---------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
0
PERSON ---------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH: 1,876,250 (5)
------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,876,250
------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.5% (5)
------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------
CUSIP No. 891019101 Page 8 of 14
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Geraldine Cook
------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
0
SHARES BENEFICIALLY ---------------------------------------------
6 SHARED VOTING POWER
OWNED BY 1,876,250 (6)
---------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
0
PERSON ---------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH: 1,876,250 (6)
------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,876,250
------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.5% (6)
------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------
CUSIP No. 891019101 Page 9 of 14
ITEM 1.
Item 1(a) NAME OF ISSUER:
Torch Offshore, Inc.
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
401 Whitney Avenue, Suite 400
Gretna, LA 70056
ITEM 2.
Item 2(a) NAME OF PERSONS FILING:
Lyle G. Stockstill
Lana J. Hingle Stockstill
Torch, Inc.
The Lyle G. Stockstill Trust No. 1
The Lana Hingle Stockstill Trust No. 1
Donald J. Webre
Geraldine Cook
Item 2(b) ADDRESS OF PRINCIPAL BUSINNES OFFICE, OR IF NONE,
RESIDENCE:
The following address applies to all persons filing:
c/o Torch Offshore, Inc.
401 Whitney Avenue, Suite 400
Gretna, LA 70056
Item 2(c) CITIZENSHIP:
Lyle G. Stockstill, Lana J. Hingle Stockstill,
Donald J. Webre and Geraldine Cook are
individual United States' citizens. Torch, Inc. is
a corporation organized under the laws of the
State of Louisiana. The Lyle G. Stockstill Trust
No. 1 and The Lana Hingle Stockstill Trust No. 1
are trusts governed by the laws of the State of
Delaware.
Item 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, $0.01 par value
Item 2(d) CUSIP NUMBER:
891019101
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b) OR
13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under
section 15 of the Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of
the Act(15 U.S.C. 78c).
(c) [ ] Insurance Company as defined in section
3(a)(19)of the Act (15 U.S.C. 78c).
CUSIP No. 891019101 Page 10 of 14
(d) [ ] Investment Company registered under section
8 of the Investment Company Act of 1940
(15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with
Rule 13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment
fund in accordance with Rule 13d-
1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control
person in accordance with Rule 13d-
1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in
Section 3(b)of the Federal Deposit Insurance
Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from
the definition of an investment company
under Section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Rule 13d-
1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP
For Lyle G. Stockstill:
(a) Amount Beneficially Owned: 7,505,000 (1)
(b) Percent of Class: 57.9% (1)
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
7,505,000 (1)
(iii)Sole power to dispose or to direct the
disposition of: 0
(iv) Shared power to dispose or to direct the
disposition of: 7,505,000 (1)
For Lana J. Hingle Stockstill:
(a) Amount Beneficially Owned: 7,505,000 (2)
(b) Percent of Class: 57.9% (2)
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
7,505,000 (2)
(iii)Sole power to dispose or to direct the
disposition of: 0
(iv) Shared power to dispose or to direct the
disposition of: 7,505,000 (2)
CUSIP No. 891019101 Page 11 of 14
For Torch, Inc.:
(a) Amount Beneficially Owned: 7,505,000
(b) Percent of Class: 57.9%
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote:
7,505,000
(ii) Shared power to vote or to direct the vote:
0
(iii)Sole power to dispose or to direct the
disposition of: 7,505,000
(iv) Shared power to dispose or to direct the
disposition of: 0
For The Lyle G. Stockstill Trust No. 1:
(a) Amount Beneficially Owned: 1,876,250 (3)
(b) Percent of Class: 14.5% (3)
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
1,876,250 (3)
(iii)Sole power to dispose or to direct the
disposition of: 0
(iv) Shared power to dispose or to direct the
disposition of: 1,876,250 (3)
For The Lana Hingle Stockstill Trust No. 1:
(a) Amount Beneficially Owned: 1,876,250 (4)
(b) Percent of Class: 14.5% (4)
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
1,876,250 (4)
(iii)Sole power to dispose or to direct the
disposition of: 0
(iv) Shared power to dispose or to direct the
disposition of: 1,876,250 (4)
For Donald J. Webre:
(a) Amount Beneficially Owned: 1,876,250 (5)
(b) Percent of Class: 14.5% (5)
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
1,876,250 (5)
CUSIP No. 891019101 Page 12 of 14
(iii)Sole power to dispose or to direct the
disposition of: 0
(iv) Shared power to dispose or to direct the
disposition of: 1,876,250 (5)
For Geraldine Cook:
(a) Amount Beneficially Owned: 1,876,250 (6)
(b) Percent of Class: 14.5% (6)
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
1,876,250 (6)
(iii)Sole power to dispose or to direct the
disposition of: 0
(iv) Shared power to dispose or to direct the
disposition of: 1,876,250 (6)
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION
Not applicable.
CUSIP No. 891019101 Page 13 of 14
EXPLANATION OF RESPONSES
(1) The securities are owned directly by Torch, Inc. Mr.
Stockstill serves as Chief Executive Officer and Chairman of
the Board of Directors of Torch, Inc., which is comprised of
three members. Lana Hingle Stockstill, wife of Mr.
Stockstill, serves as Secretary, Treasurer and a Director of
Torch, Inc. Mr. Stockstill owns 25% of the outstanding
capital stock of Torch, Inc., and Mrs. Stockstill owns 25%
of the outstanding capital stock of Torch, Inc. Because Mr.
Stockstill exercises shared voting and dispositive power
with respect to these securities, he may be deemed to be an
indirect beneficial owner of these securities for purposes
of Rule 13d-3.
(2) The securities are owned directly by Torch, Inc. Mrs.
Stockstill serves as Secretary, Treasurer and a Director of
Torch, Inc. Lyle G. Stockstill, husband of Mrs. Stockstill,
serves as Chief Executive Officer and Chairman of the Board
of Directors of Torch, Inc., which is comprised of three
members. Mrs. Stockstill owns 25% of the outstanding
capital stock of Torch, Inc., and Mr. Stockstill owns 25% of
the outstanding capital stock of Torch, Inc. Because Mrs.
Stockstill exercises shared voting and dispositive power
with respect to these securities, she may be deemed to be an
indirect beneficial owner of these securities for purposes
of Rule 13d-3.
(3) The securities are owned directly by Torch, Inc. The Lyle
G. Stockstill Trust No. 1 owns 25% of the outstanding
capital stock of Torch, Inc. The Lyle G. Stockstill Trust
No. 1 disclaims beneficial ownership of these securities.
(4) The securities are owned directly by Torch, Inc. The Lana
Hingle Stockstill Trust No. 1 owns 25% of the outstanding
capital stock of Torch, Inc. The Lana Hingle Stockstill
Trust No. 1 disclaims beneficial ownership of these securities.
(5) The securities are owned directly by Torch, Inc. The Lyle
G. Stockstill Trust No. 1 owns 25% of the outstanding
capital stock of Torch, Inc. Mr. Webre is one of the two
members of the trustee investment committee of such trust.
Mr. Webre disclaims beneficial ownership of these
securities.
(6) The securities are owned directly by Torch, Inc. The Lyle
G. Stockstill Trust No. 1 owns 25% of the outstanding
capital stock of Torch, Inc. Ms. Cook is one of the two
members of the trustee investment committee of such trust.
Ms. Cook disclaims beneficial ownership of these securities.
CUSIP No. 891019101 Page 14 of 14
SIGNATURES
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information
set forth in this statement is true, complete complete and correct.
Dated: February 8, 2002 /s/ Lyle G. Stockstill
-----------------------------------
Lyle G. Stockstill
/s/ Lana J. Hingle Stockstill
-----------------------------------
Lana J. Hingle Stockstill
TORCH, INC.
/s/ Lyle G. Stockstill
-----------------------------------
By: Lyle G. Stockstill, Chief
Executive Officer
THE LYLE G. STOCKSTILL TRUST NO. 1
/s/ Geraldine Cook
-----------------------------------
By: Geraldine Cook, Trustee
/s/ Donald J. Webre
-----------------------------------
By: Donald J. Webre, Trustee
THE LANA HINGLE STOCKSTILL TRUST NO. 1
/s/ Brenda J. Hingle
-----------------------------------
By: Brenda J. Hingle, Trustee
/s/ Linda A. Rhodes
-----------------------------------
By: Linda A. Rhodes, Trustee
/s/ Geraldine Cook
-----------------------------------
By: Geraldine Cook, Trustee
/s/ Donald J. Webre
-----------------------------------
Donald J. Webre
/s/ Geraldine Cook
-----------------------------------
Geraldine Cook
EXHIBIT INDEX
EXHIBIT Joint filing agreement
AGREEMENT
The undersigned hereby agree in writing pursuant to the
provisions of Rule 13d-1(k)(1)(iii) promulgated under the
Securities Exchange Act of 1934, as amended, that the Schedule
13G to which this Agreement is attached is filed on behalf of
each of the undersigned.
Dated: February 8, 2002 /s/ Lyle G. Stockstill
-----------------------------------
Lyle G. Stockstill
/s/ Lana J. Hingle Stockstill
-----------------------------------
Lana J. Hingle Stockstill
TORCH, INC.
/s/ Lyle G. Stockstill
-----------------------------------
By: Lyle G. Stockstill, Chief
Executive Officer
THE LYLE G. STOCKSTILL TRUST NO. 1
/s/ Geraldine Cook
-----------------------------------
By: Geraldine Cook, Trustee
/s/ Donald J. Webre
-----------------------------------
By: Donald J. Webre, Trustee
THE LANA HINGLE STOCKSTILL TRUST NO. 1
/s/ Brenda J. Hingle
-----------------------------------
By: Brenda J. Hingle, Trustee
/s/ Linda A. Rhodes
-----------------------------------
By: Linda A. Rhodes, Trustee
/s/ Geraldine Cook
-----------------------------------
By: Geraldine Cook, Trustee
/s/ Donald J. Webre
-----------------------------------
Donald J. Webre
/s/ Geraldine Cook
-----------------------------------
Geraldine Cook