UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Forbes Energy Services Ltd.
(Name of Issuer)
Common Stock, par value $0.04 per share
(Title of Class of Securities)
345143101
(CUSIP Number)
December 31, 2013
(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) ¨
Rule 13d-1(c) ¨
Rule 13d-1(d) x
(Continued on following pages)
| CUSIP No. 345143101 | Schedule 13G | Page 2 of 5 Pages |
| 1 | NAME OF REPORTING PERSONS
John E. Crisp | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) ¨ | |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER
1,360,320 (includes 93,500 shares of common stock issuable upon exercise of options within 60 days of December 31, 2013 and 44,444 shares of restricted stock that vest within 60 days of December 31, 2013). | ||||
| 6 | SHARED VOTING POWER
None | |||||
| 7 | SOLE DISPOSITIVE POWER
1,360,320 (includes 93,500 shares of common stock issuable upon exercise of options within 60 days of December 31, 2013 and 44,444 shares of restricted stock that vest within 60 days of December 31, 2013). | |||||
| 8 | SHARED DISPOSITIVE POWER
None | |||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,360,320 (includes 93,500 shares of common stock issuable upon exercise of options within 60 days of December 31, 2013 and 44,444 shares of restricted stock that vest within 60 days of December 31, 2013). | |||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
¨ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.3% | |||||
| 12 | TYPE OF REPORTING PERSON
IN | |||||
| CUSIP No. 345143101 | Schedule 13G | Page 3 of 5 Pages |
| Item 1(a). | Name of Issuer: |
Forbes Energy Services Ltd.
| Item 1(b). | Address of Issuer’s Principal Executive Offices: |
3000 South Business Highway 281, Alice, Texas 78332.
| Item 2(a). | Name of Person Filing: |
John E. Crisp
| Item 2(b). | Address of Principal Business Office or, if None, Residence: |
3000 South Business Highway 281, Alice, Texas 78332.
| Item 2(c). | Citizenship: |
John E. Crisp is a citizen of the United States of America.
| Item 2(d). | Title of Class of Securities: |
Common Stock, par value $0.04 per share.
| Item 2(e). | CUSIP Number: |
345143101.
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: |
Not applicable.
| Item 4. | Ownership: |
(a) John E. Crisp beneficially owns 1,360,320 shares of common stock, which includes 93,500 shares of common stock issuable upon exercise of options within 60 days of December 31, 2013 and 44,444 shares of restricted stock that vest within 60 days of December 31, 2013.
(b) All shares of common stock beneficially owned by John E. Crisp represent 6.3% of the outstanding shares of common stock of the Issuer based on (i) 21,471,616 shares outstanding as of November 6, 2013 plus (ii) the aforementioned 93,500 shares of common stock issuable upon exercise of options within 60 days of December 31, 2013 and (iii) the aforementioned 44,444 shares of restricted stock that vest within 60 days of December 31, 2013.
(c) John E. Crisp has sole power to vote or to direct the vote of 1,360,320 shares of common stock, sole power to dispose or to direct the disposition of 1,360,320 shares of common stock, shared power to vote or to direct the vote of no shares of common stock and shared power to dispose or to direct the disposition of no shares of common stock.
| CUSIP No. 345143101 | Schedule 13G | Page 4 of 5 Pages |
| Item 5. | Ownership of Five Percent or Less of a Class. |
Not applicable
| Item 6. | Ownership of More Than Five Percent on Behalf of Another Person. |
Not applicable.
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. |
Not applicable.
| Item 8. | Identification and Classification of Members of the Group. |
Not applicable.
| Item 9. | Notice of Dissolution of Group. |
Not applicable.
| Item 10. | Certification. |
Not applicable.
| CUSIP No. 345143101 | Schedule 13G | Page 5 of 5 Pages |
SIGNATURES
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: February 14, 2014
/s/ John E. Crisp |
| John E. Crisp, in his individual capacity |
