SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)
EEX Corporation
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(Name of the Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
26842V108
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(CUSIP Number)
Scott A. Arenare
Managing Director and General Counsel
Warburg Pincus LLC
466 Lexington Avenue
New York, New York 10017
(212) 878-0600
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 25, 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 Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
Page 2 of 7
SCHEDULE 13D
CUSIP NO. 26842V108
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Equity Partners, L.P.
I.D. # 13-3986317
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK 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
Delaware
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NUMBER 7 SOLE VOTING POWER
OF 0
SHARES -----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 19,845,000*
BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
19,845,000*
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,845,000*
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.8%**
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14 TYPE OF REPORTING PERSON
PN
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* Represents (i) 9,922,500 shares of Common Stock issuable upon exercise of
the Series A Warrants (as defined herein) at an exercise price of $12 per
share; (ii) 2,362,500 shares of Common Stock issuable upon exercise of the
Series B Warrants (as defined herein) at an exercise price of $12 per
share; and (iii) 7,560,000 shares of Common Stock issuable upon exercise of
the Series C Warrants (as defined herein) at an exercise price of $12 per
share. Each of the Series A Warrants, Series B Warrants and Series C
Warrants become exercisable after August 31, 1999. However, the Series C
Warrants will be exercisable only as a stock appreciation right.
** Based on the number of shares reported as outstanding as of July 31, 2002
by the Company in its Quarterly Report on Form 10-Q for the three months
ended June 30, 2002.
Page 3 of 7
SCHEDULE 13D
CUSIP NO. 26842V108
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus & Co.
I.D. # 13-6358475
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
N/A
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5 CHECK 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
New York
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NUMBER 7 SOLE VOTING POWER
OF
SHARES -----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 21,000,000*
BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON -----------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
21,000,000*
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,000,000*
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.0%**
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14 TYPE OF REPORTING PERSON
PN
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* Represents (i) 10,500,000 shares of Common Stock issuable upon exercise of
the Series A Warrants (as defined herein) at an exercise price of $12 per
share; (ii) 2,500,000 shares of Common Stock issuable upon exercise of the
Series B Warrants (as defined herein) at an exercise price of $12 per
share; and (iii) 8,000,000 shares of Common Stock issuable upon exercise of
the Series C Warrants (as defined herein) at an exercise price of $12 per
share. Each of the Series A Warrants, Series B Warrants and Series C
Warrants become exercisable after August 31, 1999. However, the Series C
Warrants will be exercisable only as a stock appreciation right.
** Based on the number of shares reported as outstanding as of July 31, 2002
by the Company in its Quarterly Report on Form 10-Q for the three months
ended June 30, 2002.
Page 4 of 7
SCHEDULE 13D
CUSIP NO. 26842V108
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg Pincus LLC (f/k/a E.M. Warburg, Pincus & Co., LLC)
I.D. # 13-3536050
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
N/A
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5 CHECK 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
New York
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NUMBER 7 SOLE VOTING POWER
OF
SHARES -----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 21,000,000*
BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
21,000,000*
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,000,000
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.0%**
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14 TYPE OF REPORTING PERSON
OO
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* Represents (i) 10,500,000 shares of Common Stock issuable upon exercise of
the Series A Warrants (as defined herein) at an exercise price of $12 per
share; (ii) 2,500,000 shares of Common Stock issuable upon exercise of the
Series B Warrants (as defined herein) at an exercise price of $12 per
share; and (iii) 8,000,000 shares of Common Stock issuable upon exercise of
the Series C Warrants (as defined herein) at an exercise price of $12 per
share. Each of the Series A Warrants, Series B Warrants and Series C
Warrants become exercisable after August 31, 1999. However, the Series C
Warrants will be exercisable only as a stock appreciation right.
** Based on the number of shares reported as outstanding as of July 31, 2002
by the Company in its Quarterly Report on Form 10-Q for the three months
ended June 30, 2002.
Page 5 of 7
EXPLANATORY NOTE
This Amendment No. 2 amends the Schedule 13D filed on behalf of Warburg,
Pincus Equity Partners, L.P., a Delaware limited partnership ("WPEP"), Warburg,
Pincus & Co., a New York general partnership ("WP"), and Warburg Pincus LLC
(f/k/a E.M. Warburg, Pincus & Co., LLC), a New York limited liability company
("WPLLC") on May 18, 1999, as amended on May 30, 2002, relating to the common
stock, par value $0.01 per share, of EEX Corporation, a Delaware corporation
(the "Company"). Unless the context otherwise requires, references herein to the
"Common Stock" are to the common stock of EEX Corporation, par value $0.01 per
share.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER..
Item 6 of the Schedule 13D is hereby amended by adding a new third
paragraph thereto as follows:
On September 25, 2002, Newfield, WPEP, Warburg, Pincus Netherlands
Equity Partners I, C.V., Warburg, Pincus Netherlands Equity Partners II,
C.V., Warburg, Pincus Netherlands Equity Partners III, C.V., Thomas M.
Hamilton, David R. Henderson, Richard S. Langdon, David A. Trice and Terry
W. Rathert entered into an Agreement of Correction in order to correct
inaccuracies contained in the Voting Agreement, pursuant to which, among
other things, the Voting Agreement was amended to reflect that WPEP,
Warburg, Pincus Netherlands Equity Partners I, C.V., Warburg, Pincus
Netherlands Equity Partners II, C.V. and Warburg, Pincus Netherlands Equity
Partners III, C.V. may assign or transfer their shares of Series B
Preferred Stock of the Company to an entity that is wholly owned by one or
more of them if such entity agrees to be bound by the terms of the Voting
Agreement in an instrument reasonably acceptable to Newfield.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 Agreement of Correction, dated as of September 25, 2002, by and
among Newfield Exploration Company, Warburg, Pincus Equity
Partners, L.P., Warburg, Pincus Netherlands Equity Partners I,
C.V., Warburg, Pincus Netherlands Equity Partners II, C.V.,
Warburg, Pincus Netherlands Equity Partners III, C.V., Thomas M.
Hamilton, David R. Henderson, Richard S. Langdon, David A. Trice
and Terry W. Rathert.
Page 6 of 7
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: October 4, 2002 WARBURG, PINCUS EQUITY
PARTNERS, L.P.
By: Warburg, Pincus & Co.
General Partner
By: /s/ Scott A. Arenare
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Scott A. Arenare
Partner
Dated: October 4, 2002 WARBURG, PINCUS & CO.
By: /s/ Scott A. Arenare
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Scott A. Arenare
Partner
Dated: October 4, 2002 WARBURG PINCUS LLC
By: /s/ Scott A. Arenare
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Scott A. Arenare
Managing Director
Page 7 of 7
EXHIBIT INDEX
Exhibit 1 Agreement of Correction, dated as of September 25, 2002, by and
among Newfield Exploration Company, Warburg, Pincus Equity
Partners, L.P., Warburg, Pincus Netherlands Equity Partners I,
C.V., Warburg, Pincus Netherlands Equity Partners II, C.V.,
Warburg, Pincus Netherlands Equity Partners III, C.V., Thomas M.
Hamilton, David R. Henderson, Richard S. Langdon, David A. Trice
and Terry W. Rathert.