SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 8 )*
PETROLEUM HELICOPTERS INCORPORATED
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(Name of Issuer)
NON-VOTING COMMON STOCK, $0.10 PAR VALUE PER SHARE
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(Title of Class of Securities)
716604 20 2
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(CUSIP Number)
DECEMBER 31, 2004
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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 the disclosures provided in a prior cover page.
The information required in 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. 716604 20 2 13G Page 2 of 6 Pages
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(entities only)
WOODBOURNE PARTNERS, L.P.
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization
MISSOURI
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5 Sole Voting Power
-0-
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Number of 6 Shared Voting Power
Shares
Beneficially -0-
Owned by --------------------------------------------------------------
Each 7 Sole Dispositive Power
Reporting
Person With -0-
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8 Shared Dispositive Power
-0-
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
449,300
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
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11 Percent of Class Represented by Amount in Row (9)
17.7%
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12 Type of Reporting Person (See Instructions)
PN
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CUSIP No. 716604 20 2 13G Page 3 of 6 Pages
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Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(entities only)
CLAYTON MANAGEMENT COMPANY
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization
MISSOURI
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5 Sole Voting Power
449,300
--------------------------------------------------------------
Number of 6 Shared Voting Power
Shares
Beneficially -0-
Owned by --------------------------------------------------------------
Each 7 Sole Dispositive Power
Reporting
Person With 449,300
--------------------------------------------------------------
8 Shared Dispositive Power
-0-
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
449,300
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
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11 Percent of Class Represented by Amount in Row (9)
17.7%
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12 Type of Reporting Person (See Instructions)
CO
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CUSIP No. 716604 20 2 13G Page 4 of 6 Pages
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(entities only)
JOHN D. WEIL
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization
MISSOURI
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5 Sole Voting Power
449,300
--------------------------------------------------------------
6 Shared Voting Power
Number of
Shares 700
Beneficially --------------------------------------------------------------
Owned by 7 Sole Dispositive Power
Each
Reporting 449,300
Person With --------------------------------------------------------------
8 Shared Dispositive Power
700
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
450,000
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
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11 Percent of Class Represented by Amount in Row (9)
17.8%
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12 Type of Reporting Person (See Instructions)
IN
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CUSIP No. 716604 20 2 13G Page 5 of 6 Pages
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AMENDMENT NO. 3 TO SCHEDULE 13G
The Reporting Person reported the acquisition of shares of Non-Voting
Common Stock, par value $.10 per share ("Stock"), of Petroleum Helicopters
Incorporated, a Delaware corporation ("Issuer"), 113 Borman Drive, P.O. Box
23502, Lafayette, LA 70508, in an initial filing of this Schedule 13G on April
16, 1998. In this regard, Item 4 is hereby (as heretofore amended) amended as
follows. All other items are unchanged from the initial filing, as amended.
ITEM 4. OWNERSHIP.
WEIL
CLAYTON (sole director and
(general partner shareholder of
WOODBOURNE of Woodbourne) Clayton)
---------- ---------------- -------------------
(a) Amount beneficially owned: 449,300 449,300 450,000
(b) Percent of Class: 17.7% 17.7% 17.8%
(c) Number of Shares as to which the person has:
(i) Sole power to vote or direct the vote: -0- 449,300 449,300
(ii) Shared power to vote or direct the vote: -0- -0- 700
(iii) Sole power to dispose or to direct the
disposition of: -0- 449,300 449,300
(iv) Shared power to dispose or to direct the
disposition of: -0- -0- 700
Notes:
1. Since the class of stock to which this filing relates is "non-voting," the
voting rights reflected in (c)(i) above would become exercisable only when and
if permitted under the issuer's articles of incorporation or as required under
Louisiana law.
2. The shares reflected under Mr. Weil's name in (c)(ii) and in (c)(iv) above
are held individually by Mr. Weil's wife. Although Mr. Weil may be deemed to
have constructive beneficial ownership of such shares under applicable
securities regulations, Mr. Weil disclaims any beneficial interest in such
shares.
3. Percentages based on 2,531,392 shares outstanding at October 31, 2004 as
reflected on the company's most recent 10-Q report.
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CUSIP No. 716604 20 2 13G Page 6 of 6 Pages
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ITEM 10. CERTIFICATION.
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.
Dated: February 10, 2005 WOODBOURNE PARTNERS, L.P.,
by its General Partner, CLAYTON
MANAGEMENT COMPANY
/s/ John D. Weil
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John D. Weil, President
Dated: February 10, 2005 CLAYTON MANAGEMENT COMPANY
/s/ John D. Weil
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John D. Weil, President
Dated: February 10, 2005 /s/ John D. Weil
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John D. Weil
EXHIBIT A TO SCHEDULE 13G
AGREEMENT PURSUANT TO RULE 13d-1(k)(1)
The undersigned persons, on February 10, 2005, agree and consent to the
joint filing on their behalf of this Amendment to Schedule 13G in connection
with their beneficial ownership of the Stock of Petroleum Helicopters
Incorporated.
WOODBOURNE PARTNERS, L.P.,
by its General Partner, CLAYTON
MANAGEMENT COMPANY
/s/ John D. Weil
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John D. Weil, President
CLAYTON MANAGEMENT COMPANY
/s/ John D. Weil
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John D. Weil, President
/s/ John D. Weil
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John D. Weil