UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN
BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities
Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(h)
of the Investment Company Act of 1940
1. Name and Address of Reporting Persons
J.R. Simplot/J.R. Simplot Self Declaration of Revocable Trust
999 Main Street, Suite 1300
Boise, ID 83702
2. Issuer Name and Ticker or Trading Symbol
Remington Oil and Gas Corporation (REM)
3. I.R.S. Identification Number of Reporting Person, if an entity
(Voluntary)
518-34-0145
4. Statement for Month/Day/Year
April 4, 2003
5. If Amendment, Date of Original (Month/Day/Year)
February 24, 2003
6. Relationship of Reporting Person(s) to Issuer
(Check All Applicable)
[___] Director
[ X ] 10% Owner
FORM 4, P. 1 OF 5
[___] Officer (give title below)
[___] Other (specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
[___] Form filed by One Reporting Person
[ X ] Form filed by More than One Reporting Person
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security (Instr. 3)
Common Stock
2. Transaction Date (Month/Day/Year)
2A. Deemed Execution Date, if any (Month/Day/Year)
3. Transaction Code (Instr. 8)
CODE
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
AMOUNT (A) OR (D) PRICE
5. Amount of Securities Beneficially Owned following Reporting
Transaction(s) (Instr. 3 and 4)
5,477,928; See "Explanation of Responses"
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
I: See Table I, Item 7
7. Nature of Indirect Beneficial Ownership (Instr. 4)
2,785,028 shares are directly owned by JRS Properties III L.P.
("JRS Properties III"). The J.R. Simplot Self Declaration of
Revocable Trust (the "Trust"), of which Mr. Simplot is the
beneficiary and trustee,controls JRS Properties III. The
Trust and a trust for the benefit of Mr. Simplot's spouse ("Mrs.
Simplot's Trust"), which exercises no
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investment control, hold approximately 79.6% of the beneficial
interest in the shares owned by JRS Properties III.
2,692,900 shares are directly owned by JRS Properties L.P. ("JRS
Properties"). (Of these shares, 550,000 shares are subject to
a variable share forward sale contract. See Table II and
"Explanation of Responses.") The Trust controls JRS Properties.
The Trust and Mrs. Simplot's Trust hold approximately 98.7% of
the beneficial interest in the shares owned by JRS Properties.
TABLE II - DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
(e.g. puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)
Variable share forward sale of Common Stock
2. Conversion or Exercise Price of Derivative Security
See "Explanation of Responses"
3. Transaction Date (Month/Day/Year)
April 4, 2003
3A. Deemed Execution Date, if any (Month/Day/Year)
April 4, 2003
4. Transaction Code (Instr. 8)
CODE V
J
5. Number of Derivative Securities Acquired (A) or Disposed
of (D)(Instr. 3, 4, and 5)
(A) (D)
See "Explanation of Responses"
FORM 4, P. 3 of 5
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
See "Explanation of Responses"
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Title Amount of Number of Shares
Common Stock 550,000 shares -
See "Explanation of Responses"
8. Price of Derivative Security (Instr. 5)
See "Explanation of Responses"
9. Number of Derivative Securities Beneficially Owned
following Reported Transaction(s) (Instr. 4)
See Table I, Item 7
10. Ownership Form of Derivative Security: Direct (D) or
Indirect (I) (Instr. 4)
See Table I, Item 7
11. Nature of Indirect Beneficial Ownership (Instr. 4)
See Table I, Item 7
Explanation of Responses:
JRS Properties entered into a deferred sale transaction in the
form of a variable share forward sale contract (the "Contract")
with Bank of America, N.A. on February 20, 2003, pursuant
to which JRS Properties is entitled to receive a notional
amount of cash against the future delivery of 550,000 shares
(collectively, the "Shares") of Remington's Common Stock. The
Initial Share Price of $18.1189 per share was determined at the
end of the Pricing Period on April 4, 2003, and equals the
net volume weighted average price per share at which Bank of
America hedged its risk in the market by selling 550,000 shares
of Remington's Common Stock.
Pursuant to the Contract, at the May 7, 2007 expiration date
(the "Expiration Date"),
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JRS Properties must deliver to Bank of America a number of
Shares which shall be determined based on the closing price
of Remington common stock on the Expiration Date, subject to
a floor price of $16.3070 per Share (90% of the Initial Share
Price) and a cap price of $22.5218 per Share (124.3% of the
Initial Share Price); provided, however, that JRS Properties
has the right to elect to settle the transaction in cash and
to retain the Shares.
Reporting Persons:
Dated: April 8, 2003
/s/ J.R. Simplot
--------------------------------
J.R. Simplot
By: /s/ Ronald N. Graves
--------------------------------
Ronald N. Graves, as Attorney-in-Fact
J.R. Simplot Self Declaration
of Revocable Trust
Dated: April 8, 2003
By: /s/ J.R. Simplot
--------------------------------
J.R. Simplot, as Trustee
By: /s/ Ronald N. Graves
--------------------------------
Ronald N. Graves, as Attorney-in-Fact
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