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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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
|_| Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
(Print of Type Responses)
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1. Name and Address of Reporting Person*
TPG Advisors II, Inc.
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(Last) (First) (Middle)
301 Commerce Street, Suite 3300
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(Street)
Fort Worth Texas 76102
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Denbury Resources Inc. (DNR)
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
________________________________________________________________________________
4. Statement for Month/Day/Year
3/6/2003
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5. If Amendment, Date of Original (Month/Day/Year)
________________________________________________________________________________
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|_| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
____________________________________________________________________
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check Applicable line)
|X| Form Filed by One Reporting Person
|_| Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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5.
Amount of 6.
4. Securities Owner-
Securities Acquired (A) or Beneficially ship
2A. 3. Disposed of (D) Owned Form: 7.
2. Deemed Transaction (Instr. 3, 4 and 5) Following Direct Nature of
Trans- Execution Code ------------------------------- Reported (D) or Indirect
1. action Date, if (Instr. 8) (A) Transaction(s) Indirect Beneficial
Title of Security Date any ------------ or (Instr. 3 & (I) Ownership
(Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V Amount (D) Price Instr.4) (Instr.4) (Instr.4)
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Common Stock, par value 3/06/2003 N/A S N/A 1,700,581 (D) $10.95 11,750,551 I Through funds
$0.001 per share managed by
Reporting
Person (1)
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
Potential persons who respond to the collection of information contained in
(Over) this form are not required to respond unless the form displays a
currently valid OMB control number. SEC 1474(9-02)
(Over)
SEC 1474(9-02)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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9.
Number 10.
of Owner-
deriv- ship
ative Form
2. Secur- of
Conver- 5. 7. ities Deriv- 11.
sion Number of Title and Amount Bene- ative Nature
or Derivative 6. of Underlying 8. ficially Secur- of
Exer- 3A. 4. Securities Date Securities Price Owned ity: In-
cise Deemed Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct
Price 3. Execut- action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene-
1. of Trans- ion Code of(D) (Month/Day/Year) Amount ative Reported In- ficial
Title of Deriv- action Date if (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner-
Derivative ative Date any 8) 4 and 5) Date Expira- Number ity action(s) (I) ship
Security Secur- (mm/dd/ (mm/dd/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity yy) yy) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Explanation of Responses:
/s/ Richard A. Ekleberry March 7, 2003
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**Signature of Reporting Person Date
Name: Richard A. Ekleberry
Title: Vice President
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Page 2
Continuation Sheet to Form 4
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Name and Address of Reporting Person TPG Advisors, Inc.
301 Commerce Street, Suite 3300
Fort Worth, TX 76102
Issuer Name and Ticker or Denbury Resources Inc.
Trading Symbol DNR
Statement for Month/Day/Year 3/06/2003
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Explanation of Responses:
(1) Shares are beneficially owned by TPG Partners II, L.P., TPG Parallel II,
L.P., TPG Investors II, L.P. and TPG 1999 Equity Partners II, L.P. TPG Partners
II, L.P., TPG Parallel II, L.P. and TPG Investors II, L.P. are managed by GenPar
II, L.P., of which the Reporting Person is the sole general partner. TPG 1999
Equity Partners II, L.P. is managed by the Reporting Person. Pursuant to Rule
16a-1(a)(2)(ii)(B) of the Securities Exchange Act of 1934, as amended (the
"Act"), the Reporting Person is deemed to be the beneficial owner of the shares
of the Issuer beneficially owned by such funds only to the extent of the greater
of the Reporting Person's direct or indirect interest in the profits or capital
account of such funds. Pursuant to Rule 16a-1(a)(4) under the Act, this filing
shall not be deemed an admission that the Reporting Person is, for purposes of
Section 16 of the Act or otherwise, the beneficial owner of any securities owned
by such entities in excess of such amount. David Bonderman, James G. Coulter and
William S. Price, III (each a "Shareholder") are officers, directors and sole
shareholders of the Reporting Person, and therefore may be deemed to
beneficially own the shares owned by the Reporting Person. Each Shareholder
disclaims beneficial ownership of such shares in excess of the greater of his
direct or indirect pecuniary interest in such shares.