SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 10
North American Palladium, Ltd.
(Name of issuer)
Common Stock
(Title of class of securities)
656912102
(CUSIP number)
H. Steven Walton
FREDERIC DORWART, LAWYERS
Old City Hall
124 East Fourth Street
Tulsa, OK 74103-5010
(918) 583-9922
(918) 583-8251 (Facsimile)
(Name, address and telephone number of person authorized to receive notices and communications)
January 13, 2011
(Date of event which required filing)
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), (f) or (g), check this box ¨.
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|
CUSIP No. 656912102
| ||||||
| (1) | Name of reporting person S.S. or I.R.S. Identification No. of Above Person
Kaiser-Francis Oil Co. I.R.S. ID. #73-1006655 | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ¨ (b) ¨
| |||||
| (3) | SEC use only
| |||||
| (4) | Source of funds (see instructions)
OO; WC | |||||
| (5) | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
| |||||
| (6) | Citizenship or place of organization
State of Delaware | |||||
| Number of shares beneficially owned by each reporting person with: |
(7) | Sole voting power
23,585,724 | ||||
| (8) | Shared voting power
None | |||||
| (9) | Sole dispositive power
23,585,724 | |||||
| (10) | Shared dispositive power
None | |||||
| (11) |
Aggregate amount beneficially owned by each reporting person
23,585,724 | |||||
| (12) |
Check if the aggregate amount in Row (11) excludes certain shares (see instructions) ¨
| |||||
| (13) |
Percent of class represented by amount in Row (11)
15.1% | |||||
| (14) |
Type of reporting person (see instructions)
CO | |||||
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SCHEDULE 13D
Filed by Kaiser Francis Oil Company
In Connection with Transactions in the
Shares of North American Palladium, Ltd.
Pursuant to SEC Rule 13d-2, Kaiser Francis Oil Company, a Delaware corporation (“Kaiser Francis”), is filing this Amendment No. 10 to its Report on Schedule 13D to report the closing of a recent transaction the effect of which was to change its beneficial ownership of shares of the common stock (“Common Shares”) of North American Palladium, Ltd. (“North American” or the “Company”). Items in Kaiser Francis’ Schedule 13D (as amended by its Amendment Nos. 1 through 9) that are unchanged are excluded from this Amendment.
This amendment supplements, but does not alter, the earlier disclosures made by Kaiser Francis on its Schedule 13D with respect to North American (the “Schedule 13D”) or Amendment No. thereto (“Amendment Nos. 1 through 9”). Capitalized terms used in this Amendment and not otherwise defined are used as defined in the Schedule 13D and Amendment Nos. 1 through 9.
| Item 3. | Source or Amount of Funds or Other Consideration. |
Since the date of Amendment No. 9 to this Schedule 13D, Kaiser Francis has sold approximately 2,134,000 shares of Common Shares for total consideration (net of commissions) of $14,800,967.40. Additional information regarding such sales is set forth in response to Item 5 below, which information is incorporated by this reference into this Item 3.
| Item 4. | Purpose of Transaction. |
Kaiser-Francis incorporates by this reference its answer to Item 3 above.
| Item 5. | Interest in Securities of the Issuer. |
Kaiser-Francis holds 15.1% of North American Common Shares, consisting of 23,585,724 shares of which Kaiser-Francis has potential sole voting power and sole dispositive power.
Description of the sales transactions:
| Date |
Number of Common Shares Sold |
Price per Common Share |
How effected | |||||||||
| 12/14/2010 |
1,000,000 | 6.4185 | Open market | |||||||||
| 01/13/2011 |
434,000 | 7.4326 | Open market | |||||||||
| 01/17/2011 |
700,000 | 7.4575 | Open market | |||||||||
Kaiser Francis has not purchased or received shares of Common Stock since Amendment No. 9 to this 13-D.
| Item 6. | Contracts, Arrangements, Understandings or Relationships. |
No changes.
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| Item 7. | Material to be Filed as Exhibits. |
None.
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: 01/18/2011 | ||
| Signed: | /s/ Ken Kinnear | |
| Ken Kinnear, | ||
| Vice President and | ||
| Treasurer | ||
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