SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(AMENDMENT NO. 11)
Under the Securities Exchange Act of 1934*
Dawson Geophysical Company
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(Name of Issuer)
Common Stock, par value $.33 1/3 per share
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(Title of Class of Securities)
239359 10 2
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(CUSIP Number)
Richard E. Blohm, Jr.
1415 Louisiana Street, Suite 3000
Houston, Texas 77002
(713) 739-6500
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 30, 2004
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(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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
*The remainder of this cover page should 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).
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CUSIP No. 239359 10 2 SCHEDULE 13D Page 2 of 6 pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pebbleton Corporation N.V.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 566,000
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 566,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
566,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
10.16%
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14 TYPE OF REPORTING PERSON*
CO
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CUSIP No. 239359 10 2 SCHEDULE 13D Page 3 of 6 pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Issam M. Fares
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Lebanon
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 566,000
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 566,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
566,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
10.16%
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14 TYPE OF REPORTING PERSON*
IN
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CUSIP No. 239359 10 2 SCHEDULE 13D Page 4 of 6 pages
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Unless otherwise defined or indicated in this Amendment No. 11,
capitalized terms which are used herein and are defined in the Schedule 13D
filed October 16, 1998, as heretofore amended (the "Original 13D"), shall have
the meanings assigned to them in the Original 13D. All information herein with
respect to Dawson Geophysical Company, a Texas corporation (the "Issuer"), is to
the best knowledge and belief of the Reporting Persons, as defined herein.
ITEM 2. IDENTITY AND BACKGROUND
The text of Item 2 of the Original 13D is hereby deleted in its
entirety and the following substituted therefor:
This Amendment No. 11 is filed by (a) Pebbleton Corporation N.V., a
corporation organized under the laws of the Netherlands Antilles ("Pebbleton"),
and (b) Mr. Issam M. Fares, a Lebanese citizen ("Mr. Fares" and together with
Pebbleton, the "Reporting Persons").
The principal business of Pebbleton is to hold investments in other
companies. The address of the principal business offices of Pebbleton and the
address of Mr. Fares is Pietermaai 15, Curacao, Netherlands Antilles. Mr. Fares
serves as a managing director of Pebbleton. N.V. Fides, a Netherlands Antilles
corporation, functions as a Managing Director of Pebbleton in order to comply
with Netherlands Antilles regulations requiring resident directors. There are no
other officers or directors of Pebbleton. The filing of this statement shall not
be construed as an admission that N.V. Fides is, for the purposes of Section
13(d) or 13(g) of the Securities Exchange Act of 1934, as amended (the "Act"),
the beneficial owner of any securities covered by this statement.
Neither of the Reporting Persons, nor, to their knowledge, N.V. Fides,
has been during the last five years (a) convicted of any criminal proceeding
(excluding traffic violations or similar misdemeanors) or (b) a 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, United States federal or state securities laws or finding any
violations with respect to such laws.
ITEM 4. PURPOSE OF TRANSACTION
The text of Item 4 of the Original 13D is hereby deleted in its
entirety and the following substituted therefor:
The purchases of the Common Stock of the Issuer by the Reporting
Persons were made on The Nasdaq Stock Market, Inc., the principal market in
which shares of the Issuer's Common Stock are traded, and such acquisitions were
made for investment purposes.
The Reporting Persons intend to review their investment in the Issuer
on a continuing basis and, depending upon the price of, and other market
conditions relating to the Common Stock, subsequent developments affecting the
Issuer, the Issuer's business and
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CUSIP No. 239359 10 2 SCHEDULE 13D Page 5 of 6 pages
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prospects, other investment and business opportunities available to the
Reporting Persons, general stock market and economic conditions, tax
considerations and other factors deemed relevant, may decide to decrease the
size of their investment in the Issuer.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
The text of Item 5 is hereby deleted in its entirety and the following
substituted therefor:
(a) As set forth herein, Pebbleton owns 566,000 shares of Common
Stock of the Issuer, which represents approximately 10.16% of
the outstanding Common Stock (based upon 5,570,294 shares of
Common Stock outstanding, as reported in the Issuer's
Quarterly Report on Form 10-Q for the period ending March 31,
2004).
As set forth herein, Mr. Fares may be deemed to beneficially
own 566,000 shares of Common Stock of the Issuer, which
represents approximately 10.16% of the outstanding Common
Stock (based upon 5,570,294 shares of Common Stock
outstanding, as reported in the Issuer's Quarterly Report on
Form 10-Q for the period ending March 31, 2004).
(b) Mr. Fares may be deemed to beneficially own and thereby share
voting and dispositive power over the shares of Common Stock
described herein which are held by Pebbleton. See Item 2.
(c) Set forth in Exhibit A to this Amendment No. 11 is a list of
all transactions effected in the Issuer's Common Stock by
Pebbleton since the filing of Amendment No. 10 on July 23,
2004, including (i) the identity of the person effecting
transactions in the Issuer's Common Stock; (ii) the date of
the transaction; (iii) the amount of securities involved; (iv)
the price per share of Common Stock; and (v) where and how the
transaction was effected. Other than the transactions
described in this Item 5, neither of the Reporting Persons nor
to the knowledge of the Reporting Persons, any of their
officers or directors, has effected any transaction in the
Common Stock since the filing of Amendment No. 10.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Item 7 of the Original Statement is hereby amended to add the following
exhibit:
Exhibit A Transactions in Common Stock by Pebbleton
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CUSIP No. 239359 10 2 SCHEDULE 13D Page 6 of 6 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.
Dated: August 5, 2004.
PEBBLETON CORPORATION N.V.
By:Issam M. Fares,
its Managing Director
By: /s/ Richard E. Blohm, Jr.
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Richard E. Blohm, Jr.
Attorney-in-Fact
ISSAM M. FARES
By: /s/ Richard E. Blohm, Jr.
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Richard E. Blohm, Jr.
Attorney-in-Fact
EXHIBIT A
TRANSACTIONS IN THE COMMON STOCK BY PEBBLETON
With respect to the transactions set forth below, all sales were made
by Pebbleton Corporation N.V. and were effected on The Nasdaq Stock Market,
Inc., the exchange on which the shares of Common Stock of Dawson Geophysical
Company are traded, since the filing of Amendment No. 10 on July 23, 2004.
DATE OF NUMBER OF PRICE PER
SALE SHARES SOLD SHARE ($)
07/30/2004 8,500 22.00
07/30/2004 4,000 21.86
07/30/2004 5,000 21.70
07/30/2004 3,000 21.77
07/30/2004 11,500 21.97
07/30/2004 3,000 21.95
07/30/2004 3,000 21.99
07/30/2004 6,000 21.92
07/30/2004 9,500 21.85
07/30/2004 2,000 21.84
07/30/2004 2,000 21.87
07/30/2004 8,000 21.89
07/30/2004 2,000 21.90
07/30/2004 2,500 21.83
07/30/2004 4,000 22.05
07/30/2004 7,000 22.03
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81,000
08/02/2004 30,000 22.60
08/02/2004 7,500 22.62
08/02/2004 20,000 22.66
08/02/2004 5,000 22.64
08/02/2004 5,000 22.68
08/02/2004 5,000 22.63
08/02/2004 7,500 22.55
08/02/2004 17,000 22.80
08/02/2004 5,000 22.90
08/02/2004 7,500 22.72
08/02/2004 7,500 22.65
08/02/2004 2,500 22.405
08/02/2004 10,000 22.25
08/02/2004 5,500 22.34
08/02/2004 5,000 22.46
08/02/2004 7,000 22.54
A-1
DATE OF NUMBER OF PRICE PER
SALE SHARES SOLD SHARE ($)
08/02/2004 10,000 22.83
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157,000
08/03/2004 10,000 22.66
08/03/2004 5,000 22.61
08/03/2004 5,000 22.58
08/03/2004 2,500 22.42
08/03/2004 2,500 22.31
08/03/2004 2,500 22.29
08/03/2004 7,500 22.36
08/03/2004 3,500 23.00
08/03/2004 2,500 22.90
08/03/2004 4,000 22.85
08/03/2004 5,000 22.75
08/03/2004 5,000 22.49
08/03/2004 5,000 22.50
08/03/2004 5,000 22.55
08/03/2004 10,000 22.67
08/03/2004 5,000 22.69
08/03/2004 5,000 22.70
08/03/2004 5,000 22.51
-------
90,000
08/04/2004 6,000 22.45
08/04/2004 3,500 22.25
08/04/2004 1,500 22.00
08/04/2004 5,000 22.05
-------
16,000
A-2