SC 13G/A 1 c56309sc13gza.htm SC 13G/A sc13gza
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) and (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13(d)-2(b)
Harvest Natural Resources, Inc.
 
(Name of Issuer)
Common Stock
 
(Title of Class of Securities)
41754V103
 
(CUSIP Number)
December 31, 2009
 
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o   Rule 13d-1(b)
 
þ   Rule 13d-1(c)
 
o   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 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 section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 


 

                         
CUSIP No.
 
41754V103 
  Page  
  of   
13
 pages 

 

           
1   NAMES OF REPORTING PERSONS
The Pabrai Investment Fund 2, L.P.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Illinois
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   1,692,000
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    1,692,000
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,692,000
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  5.1%
     
12   TYPE OF REPORTING PERSON
   
  PN


 

                         
CUSIP No.
 
41754V103 
  Page  
  of   
13
 pages 

 

           
1   NAMES OF REPORTING PERSONS
Pabrai Investment Fund 3, Ltd.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  British Virgin Islands
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   1,213,528
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    1,213,528
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,213,528
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  3.7%
     
12   TYPE OF REPORTING PERSON
   
  CO


 

                         
CUSIP No.
 
41754V103 
  Page  
  of   
13
 pages 

 

           
1   NAMES OF REPORTING PERSONS
The Pabrai Investment Fund IV, L.P.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   2,592,000
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    2,592,000
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,592,000
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  7.8%
     
12   TYPE OF REPORTING PERSON
   
  PN


 

                         
CUSIP No.
 
41754V103 
  Page  
  of   
13
 pages 

 

           
1   NAMES OF REPORTING PERSONS
Dalal Street, LLC

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  California
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   51,000
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    51,000
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  51,000
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.2%
     
12   TYPE OF REPORTING PERSON
   
  CO


 

                         
CUSIP No.
 
41754V103 
  Page  
  of   
13
 pages 

 

           
1   NAMES OF REPORTING PERSONS
Harina Kapoor

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   48,001
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    48,001
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  48,001*
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.1%
     
12   TYPE OF REPORTING PERSON
   
  IN
 
*   Includes (a) 1 share of common stock held by the IRA FBO Harina Kapoor, and (b) 41,000 shares held by Ms. Kapoor and her husband, Mr. Pabrai, as joint tenants with rights of survivorship.


 

                         
CUSIP No.
 
41754V103 
  Page  
  of   
13
 pages 

 

           
1   NAMES OF REPORTING PERSONS
Mohnish Pabrai

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   5,596,529
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    5,596,529
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  5,596,529*
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  16.9%
     
12   TYPE OF REPORTING PERSON
   
  IN
 
*   Includes (a) 1 share of common stock held by the IRA FBO Harina Kapoor, (b) 7,000 shares held by Ms. Harina Kapoor, and (c) 41,000 shares held by Ms. Kapoor and her husband, Mr. Pabrai, as joint tenants with rights of survivorship.


 

         
CUSIP No. 41754V103
      Page 8 of 13 pages
         
Item 1. (a) Name of Issuer.
      Harvest Natural Resources, Inc.
         
Item 1. (b) Address of Issuer’s Principal Executive Offices.
      1177 Enclave Parkway,
Suite 300
Houston, Texas 77077
Item 2. (a) Name of Person Filing.
This Schedule 13G/A is filed on behalf of The Pabrai Investment Fund II, L.P., an Illinois limited partnership (“PIF2”), Pabrai Investment Fund 3, Ltd., a British Virgin Islands corporation (“PIF3”), The Pabrai Investment Fund IV, L.P., a Delaware limited partnership (“PIF4”), Dalal Street, LLC, a California limited liability company (“Dalal Street”), which is general partner of PIF2 and PIF4 and sole investment manager of PIF3, Harina Kapoor, and Mohnish Pabrai, sole shareholder and chief executive officer of Dalal Street and a shareholder and president of PIF3 (collectively, the “Reporting Persons”), pursuant to a Joint Reporting Agreement dated February 12, 2010, filed by the Reporting Persons as Exhibit A to this Schedule 13G/A.
Item 2. (b) Address of Principal Business Office or, if none, Residence.
     
 
  114 Pacifica
Suite 240
Irvine, CA 92618-3321
Item 2. (c) Citizenship.
PIF2 is an Illinois limited partnership. PIF4 is a Delaware limited partnership. PIF3 is a British Virgin Islands corporation. Dalal Street is a California limited liability company. Mohnish Pabrai is a United States citizen and his wife, Harina Kapoor, is also a United States citizen.
Item 2. (d) Title of Class of Securities. Common Stock, par value $.01 per share.
Item 2. (e) CUSIP Number.           41754V103
Item 3.   If this Statement is fled pursuant to Rule 13d-1(b), 13d-2(b) or (c), check whether the person filing is a:
 
    Not applicable.
Item 4.   Ownership.
(a) and (b).
This Schedule 13G/A shall not be construed as an admission that any Reporting Person is, either for purposes of Section 13(d) or 13(g) of the Exchange Act of 1934, as amended (the “Act”) or for other purposes, is the beneficial owner of any securities covered by this

 


 

         
CUSIP No. 41754V103
      Page 9 of 13 pages
statement. By virtue of the relationships between and among (i) Dalal Street in its capacity as the general partner and investment manager of PIF2, PIF4 and PIF3, respectively, (ii) Mohnish Pabrai, in his capacity as sole shareholder and chief executive officer of Dalal Street and president of PIF3 and (iii) the other Reporting Persons, as further described in Item 2(a), each of the Reporting Persons may be deemed to be the beneficial owner of all or a portion of the Common Units held by the other Reporting Persons. Because of the relationships described in Item 2(a), the Reporting Persons may be deemed to constitute a “group” within the meaning of Rule 13d-5 under the Act, and as such, each member of the group would be deemed to beneficially own, in the aggregate, all the Common Units held by members of the group. The Reporting Persons disclaim membership in a group and disclaim beneficial ownership of any of the Common Units except as follows.
                 
    Common Stock        
Reporting Person   Beneficially Owned     % of Class (‡)  
The Pabrai Investment Fund II, L.P.
    1,692,000       5.1 %
 
Pabrai Investment Fund 3, Ltd.
    1,213,528       3.7 %
 
Pabrai Investment Fund IV, L.P.
    2,592,000       7.8 %
 
Dalal Street, LLC
    51,000       0.2 %
 
Harina Kapoor
    48,001 *     0.1 %
 
Mohnish Pabrai
    5,596,529 **     16.9 %
 
  All percentages in this table are based on the 33,196,385 shares of Common Stock of Harvest Natural Resources, Inc. issued and outstanding as of October 28, 2009, as reported in the Form 10-Q for the quarterly period ended September 30, 2009 filed by Harvest Natural Resources, Inc. with the Securities and Exchange Commission on November 5, 2009.
 
*   Includes (a) 1 share of common stock held by the IRA FBO Harina Kapoor, and (b) 44,000 shares held by Ms. Kapoor and her husband, Mr. Pabrai, as joint tenants with rights of survivorship.
 
**   Includes (a) 1 share of common stock held by the IRA FBO Harina Kapoor, (b) 7,000 shares held by Ms. Harina Kapoor, and (c) 41,000 shares held by Ms. Kapoor and her husband, Mr. Pabrai, as joint tenants with rights of survivorship.
(c) Dalal Street and Mohnish Pabrai, in his capacity as chief executive officer of Dalal Street, have the shared power to vote or to direct the vote and the shared power to dispose or to direct the disposition of the shares of Common Stock set forth opposite the name of each of PIF2, PIF4 and PIF3 in the table above. Dalal Street and Mohnish Pabrai disclaim beneficial ownership of any such shares of Common Stock except to the extent

 


 

         
CUSIP No. 41754V103
      Page 10 of 13 pages
of their pecuniary interest therein, if any. Mohnish Pabrai and Harina Kapoor share the power to vote or to direct the vote and the power to dispose or to direct the disposition of 48,001 shares of Common Stock set forth opposite their respective names in the table above. Harina Kapoor, in her capacity as account holder, and Mohnish Pabrai, in his capacity as husband and advisor, have the shared power to vote or to direct the vote and the shared power to dispose or to direct the disposition of the shares of Common Stock held by the IRA FBO Harina Kapoor. Mohnish Pabrai disclaims beneficial ownership of any such shares of Common Stock held by the IRA FBO Harina Kapoor except to the extent of his pecuniary interest therein, if any.
Item 5.   Ownership of Five Percent or Less of a Class.
 
    If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: o
 
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 or Control Person.
 
    Not applicable.
 
Item 8.   Identification and Classification of Members of the Group.
 
    This Schedule 13G/A is being filed jointly pursuant to Rule 13d-1(k). As a result of the relationships among the Reporting Persons described herein, some or all of the Reporting Persons may be deemed to comprise a “group” within the meaning of Section 13 of the Act and the Rules promulgated thereunder. However, the Reporting Persons deny such group status.
 
Item 9.   Notice of Dissolution of Group.
 
    Not applicable.
 
Item 10.   Certifications.
          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.

 


 

         
CUSIP No. 41754V103
      Page 11 of 13 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 12, 2010
         
THE PABRAI INVESTMENT FUND II, L.P.
 
 
  By:   Dalal Street, LLC, Its General Partner    
         
     
  By:   /s/ Mohnish Pabrai    
    Mohnish Pabrai, Chief Executive Officer   
         
PABRAI INVESTMENT FUND 3, LTD.
 
 
  By:   /s/ Mohnish Pabrai    
    Mohnish Pabrai, President   
       
 
THE PABRAI INVESTMENT FUND IV, L.P.
 
 
  By:   Dalal Street, LLC, Its General Partner    
         
     
  By:   /s/ Mohnish Pabrai    
    Mohnish Pabrai, Chief Executive Officer   
         
DALAL STREET, LLC.
 
 
  By:   /s/ Mohnish Pabrai    
    Mohnish Pabrai, Chief Executive Officer   
         
   
/s/ Harina Kapoor    
Harina Kapoor   
   
 
   
/s/ Mohnish Pabrai    
Mohnish Pabrai   
     

 


 

         
         
CUSIP No. 41754V103
      Page 12 of 13 pages
EXHIBIT INDEX
     
EXHIBIT   DESCRIPTION
EXHIBIT A  
JOINT REPORTING AGREEMENT