SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
Buckeye Technologies, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
118255108
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(CUSIP Number)
December 31, 2001
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(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)
|X| Rule 13d-1(c)
|_| 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 disclosures provided in a prior cover page.
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).
(Continued on following page(s))
Page 1 of 10 Pages
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CUSIP No. 118255108 Page 2 of 10 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gilchrist B. Berg
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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
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5 SOLE VOTING POWER
NUMBER OF 1,349,853
SHARES ---------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY N/A
EACH ---------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,349,853
WITH ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
N/A
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,349,853
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |X|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.89%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES
TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE,
AND THE SIGNATURE ATTESTATION.
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CUSIP No. 118255108 Page 3 of 10 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robin P. Bradbury
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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
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5 SOLE VOTING POWER
NUMBER OF 45,525
SHARES ---------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY N/A
EACH ---------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 45,525
WITH ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
N/A
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
45,525
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |X|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.13%
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12 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES
TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE,
AND THE SIGNATURE ATTESTATION.
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CUSIP No. 118255108 Page 4 of 10 Pages
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Item 1(a). Name of Issuer:
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Buckeye Technologies, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
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1001 Tillman Street
Memphis, Tennessee 38112-2038
Item 2(a). Name of Person Filing:
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Gilchrist B. Berg
Item 2(b). Address of Principal Business Office or, if none, Residence:
--------- -----------------------------------------------------------
225 Water Street, Suite 1987
Jacksonville, Florida 32202
Item 2(c). Citizenship:
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United States
Item 2(d). Title of Class or Securities:
--------- ----------------------------
Common Stock
Item 2(e). CUSIP Number:
--------- ------------
118255108
Item 3. If this statement is filed pursuant to Rules 13d-1(b), 13d-2(b)
------ -----------------------------------------------------------------
or 13d-2(c), check whether the person filing is a:
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Inapplicable
If this statement is filed pursuant to ss.240.13d-1(c), check this box. |X|
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CUSIP No. 118255108 Page 5 of 10 Pages
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Item 4. Ownership as of December 31, 2001.
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(a) Amount Beneficially Owned:
1,395,378 shares*
(b) Percent of Class:
4.02%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Inapplicable
(ii) shared power to vote or to direct the vote:
1,395,378 shares*
(iii) sole power to dispose or to direct the
disposition of:
Inapplicable
(iv) shared power to dispose or to direct the
disposition of:
1,395,378 shares*
* See Exhibit A
Item 5. Ownership of Five Percent or Less of a Class.
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If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following: |X|
Instruction: Dissolution of a group requires a response to
this item.
Item 6. Ownership of More than Five Percent on Behalf of Another
------ --------------------------------------------------------
Person.
------
See Exhibit A
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CUSIP No. 118255108 Page 6 of 10 Pages
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Item 7. Identification and Classification of the Subsidiary
------ ---------------------------------------------------
Which Acquired the Security Being Reported on By the
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Parent Holding Company.
----------------------
Inapplicable
Item 8. Identification and Classification of Members of the Group.
------ ---------------------------------------------------------
See Exhibit A
Item 9. Notice of Dissolution of Group.
------ ------------------------------
Inapplicable
Item 10. Certification.
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(a) Inapplicable
(b) The following certification shall be included if the
statement is filed pursuant to Section 240.13d-1(c):
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
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CUSIP No. 118255108 Page 7 of 10 Pages
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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.
February 5, 2002
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Date
/s/ Gilchrist B. Berg
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Gilchrist B. Berg
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CUSIP No. 118255108 Page 8 of 10 Pages
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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.
February 5, 2002
------------------------
Date
/s/ Robin P. Bradbury
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Robin P. Bradbury
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CUSIP No. 118255108 Page 9 of 10 Pages
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EXHIBIT A
This joint Schedule 13G is being filed pursuant to Rule 13d-1(c) by the
following individuals, who may be deemed members of a group:
Gilchrist B. Berg
Robin P. Bradbury
Messrs. Berg and Bradbury are both principals of Water Street Capital,
Inc., which is engaged in the investment management business.
Of the shares reported by Mr. Berg on his cover page, all but 26,000
shares are owned by investment partnerships and managed accounts (which
partnerships and managed accounts collectively total less than 15) over which
Mr. Berg has sole voting and investment power, and the remaining 26,000 shares,
over which Mr. Berg has sole voting and investment power, are owned by Mr. Berg
or members of his immediate family. The partnerships, managed accounts and
personal and family accounts through which the shares shown on Mr. Berg's cover
page are held are referred to herein as the "Berg Accounts."
The shares reported by Mr. Bradbury on his cover page, over which he
has sole voting and investment power, consist of shares owned by Mr. Bradbury or
members of his immediate family. Such personal and family accounts are referred
to herein as the "Bradbury Accounts."
Any dividends on the shares in the Berg Accounts and the Bradbury
Accounts, and the proceeds from the sale of such shares, will be paid to such
accounts, based on the relative number of shares held in each.
Pursuant to Rule 13d-5(b), Messrs. Berg and Bradbury may be deemed to
have formed a group for the purpose of acquiring, holding and disposing of
securities of the issuer inasmuch as they anticipate that investments in or
dispositions of the Common Stock may be made by the Berg Accounts and the
Bradbury Accounts together. Accordingly, Mr. Berg may be deemed (but disclaims)
to be the beneficial owner of the shares held in the Bradbury Accounts, and Mr.
Bradbury may be deemed (but disclaims) to be the beneficial owner of shares held
in the Berg Accounts.
The Berg Accounts and the Bradbury Accounts collectively own less than
5% of the outstanding shares of the issuer's Common Stock.
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CUSIP No. 118255108 Page 10 of 10 Pages
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Exhibit 2
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange Act of
1934, the persons named below agree to the joint filing on behalf of each of
them of this Schedule 13G with respect to the Common Stock of Buckeye
Technologies, Inc. and further agree that this joint filing agreement be
included as an exhibit to such joint filing.
Date: February 5, 2002
/s/ Gilchrist B. Berg
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Gilchrist B. Berg
/s/ Robin P. Bradbury
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Robin P. Bradbury