SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
Coastal Caribbean Oils & Minerals, Ltd.
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(Name of Issuer)
Common Stock $0.12 Par Value
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(Title of Class of Securities)
19043-22-0
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(CUSIP Number)
Steven M. Plon, Esquire, Plon & Associates, P.C.
Eleven Penn Center, Suite 1215, Philadelphia, PA 19103, (215) 979-7603
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 26, 2002
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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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the claim of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d1(a) for other parties to whom copies are to be
sent.
*The remainder of this coverage page shall be filed 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 action 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 4 Pages
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CUSIP No. 284871-10-0 Page 2 of 4 Pages
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Leon S. Gross S.S. No. 161-24-2941
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
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(b)
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3. SEC USE ONLY
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4. SOURCE OF FUNDS* PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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7. SOLE VOTING POWER
NUMBER OF 80,000
SHARES ------ ---------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH ------ ---------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 80,000
WITH ------ ---------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
80,000
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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)
0.2% of the issued and outstanding stock
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14. TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 4 Pages
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AMENDMENT NO. 6 TO SCHEDULE 13D
This Amendment No. 6 to the Schedule 13D amends the Schedule 13D dated
February 24, 1987, as amended by the First Amendment to Schedule 13D dated April
24, 1987, the Second Amendment to Schedule 13D dated September 2, 1987, the
Third Amendment to Schedule 13D dated May 13, 1988, the Fourth Amendment to
Schedule 13D dated October 7, 1996, and the Fifth Amendment to Schedule 13D
dated November 12, 1999 (the "Existing Schedule 13D"), is being filed by the
undersigned in accordance with Rule 13d-2(a) of the general rules and
regulations under the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), and amends the Existing Schedule 13D to the extent set forth below. Terms
defined in the Existing Schedule 13D are used herein as so defined.
Item 5. Interest in Securities of the Issuer.
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The third paragraph of Items 5(a) and (b) of the Existing Schedule 13D is hereby
amended to read as follows:
Mr. Gross beneficially owns 80,000 Shares, or 0.2% of the Common Stock
outstanding. Mr. Gross has the sole power to vote all of the shares owned by
him. Mr. Gross has sole power to dispose of all Shares beneficially owned by
him. To the best of Mr. Gross' knowledge, except as expressly set forth herein,
no other person has the right to receive or the power to direct the receipt of
dividends from, or proceeds of the sale of, the shares of Common Stock held by
him.
The Item 5(c) of the Existing Schedule 13D is hereby amended to include the
following paragraph:
(c) Listed below are the sales of Shares by Mr. Gross which have
occurred within the previous sixty (60) days, which sales were private
transactions.
Date Number of Shares Total Price
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December 26, 2002 2,206,915 $5,000.00
December 26, 2002 2,206,914 $5,000.00
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Total 4,413,829
Mr. Gross sold the Shares described above in order to utilize a
substantial capital loss he had in the Shares.
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Page 4 of 4 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.
December 27, 2002
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Date
/s/ Leon S. Gross
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LEON S. GROSS