CUSIP No. 969199108 13G/A Page 1 of 13 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Willbros Group, Inc.
(Name of Issuer)
Common Stock, $0.05 par value per share
(Title of Class of Securities)
969199108
(CUSIP Number)
December 31, 2006
(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 purposes 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).
Page 1 of 13 Pages
CUSIP No. 969199108 13G/A Page 2 of 13 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
GLG North American Opportunity Fund
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES ---------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
$2,600,000 principal amount of 6.5% Convertible Senior Notes
OWNED BY due 2012 which are convertible into 148,097 Shares
EACH 1,015,605 Shares
REPORTING Warrants to purchase 27,390 Shares
---------------------------------------------------------------
PERSON WITH
(7) SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
$2,600,000 principal amount of 6.5% Convertible Senior Notes
due 2012 which are convertible into 148,097 Shares
1,015,605 Shares
Warrants to purchase 27,390 Shares
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
$2,600,000 principal amount of 6.5% Convertible Senior Notes due
2012 which are convertible into 148,097 Shares
1,015,605 Shares
Warrants to purchase 27,390 Shares
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
4.63%
CUSIP No. 969199108 13G/A Page 3 of 13 Pages
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(12) TYPE OF REPORTING PERSON **
OO
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 969199108 13G/A Page 4 of 13 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
GLG Partners LP
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES ---------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
2,304,034 Shares
OWNED BY ---------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ---------------------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER
2,304,034 Shares
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,304,034 Shares
------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)
[ ]
------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.03%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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CUSIP No. 969199108 13G/A Page 5 of 13 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
GLG Partners Limited
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES ---------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
2,304,034 Shares
OWNED BY ---------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ---------------------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER
2,304,034 Shares
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,304,034 Shares
------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.03%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA, HC
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CUSIP No. 969199108 13G/A Page 6 of 13 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Noam Gottesman
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES ---------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
2,304,034 Shares
OWNED BY ---------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ---------------------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER
2,304,034 Shares
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,304,034 Shares
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.03%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN, HC
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CUSIP No. 969199108 13G/A Page 7 of 13 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Pierre Lagrange
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Belgium
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES ---------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
2,304,034 Shares
OWNED BY ---------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ---------------------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER
2,304,034 Shares
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,304,034 Shares
------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.03%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN, HC
------------------------------------------------------------------------------
CUSIP No. 969199108 13G/A Page 8 of 13 Pages
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Emmanuel Roman
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
France
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES ---------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
2,304,034 Shares
OWNED BY ---------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ---------------------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER
2,304,034 Shares
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,304,034 Shares
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.03%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN, HC
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CUSIP No. 969199108 13G/A Page 9 of 13 Pages
This Amendment No. 1 (this "Amendment") amends the statement on Schedule 13G
filed on January 27, 2006 (as amended, the "Schedule 13G") with respect to
shares of Common Stock, par value $0.05 per share ("Common Stock"), warrants and
convertible senior notes of Willbros Group, Inc., a Republic of Panama
corporation (the "Company"). In addition to the 2,304,034 Shares owned by GLG
Partners LP, GLG Partners Limited, Mr. Noam Gottesman, Mr. Pierre Lagrange and
Mr. Emmanuel Roman (the "Reporting Individuals"), the Reporting Individuals
beneficially own (i) warrants to purchase 48,819 shares Common Stock, including
warrants to purchase 27,390 shares of Common Stock held by GLG North American
Opportunity Fund, and (ii) $2,600,000 principal amount of 6.5% Convertible
Senior Notes due 2012 which are convertible into 148,097 Shares, which are all
held by GLG North American Opportunity Fund. However, pursuant to the terms of
the relevant instruments, the Reporting Individuals cannot convert or exercise
any of these warrants or convertible senior notes until such time as the
Reporting Individuals would not beneficially own after any such conversion or
exercise more than 4.99% of the outstanding Common Stock. Capitalized terms used
herein and no otherwise defined in this Amendment have the meanings set forth in
the Schedule 13G. This Amendment amends and restates Items 2(a), 2(b), 2(c), 4,
5 and 8 in their entirety as set forth below.
Item 2(a). Name of Person Filing
This statement is filed by the entities and persons listed below, who
are collectively referred to herein as "Reporting Persons," with
respect to the shares of Common Stock, $0.05 par value per share, and
the shares of Common Stock into which the warrants of the Company are
exercisable and the convertible senior notes of the Company are
convertible(together, the "Shares"):
INVESTMENT MANAGER
------------------
(i) GLG Partners LP (the "Investment Manager"), with respect to
the Shares held by certain funds to which the Investment
Manager serves as investment manager (collectively, the "GLG
Funds").
GENERAL PARTNER
---------------
(ii) GLG Partners Limited (the "General Partner"), which serves as
the general partner of the Investment Manager, with respect to
the Shares held by each of the GLG Funds.
REPORTING INDIVIDUALS
---------------------
(iii) Mr. Noam Gottesman ("Mr. Gottesman"), with respect to the
Shares held by each of the GLG Funds.
(iv) Mr. Pierre Lagrange ("Mr. Lagrange"), with respect to the
Shares held by each of the GLG Funds.
(v) Mr. Emmanuel Roman ("Mr. Roman"), with respect to the Shares
held by each of the GLG Funds.
Mr. Gottesman, Mr. Lagrange and Mr. Roman are collectively referred to
as the "Reporting Individuals."
The Investment Manager serves as the investment manager to each of the
GLG Funds. The General Partner serves as the general partner to the
Investment
CUSIP No. 969199108 13G/A Page 10 of 13 Pages
Manager. Each of the Reporting Individuals is a Managing Director of
the General Partner.
Item 2(b). Address of Principal Business Office or, if none, Residence
The address of the principal business office of each of the Reporting
Persons is:
c/o GLG Partners LP
1 Curzon Street
London W1J 5HB
United Kingdom
Item 2(c). Citizenship
Citizenship is set forth in Row 4 of the cover page for each Reporting
Person hereto and is incorporated herein by reference for each such
Reporting Person.
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
The information required by Items 4(a) - (c) is set forth in Rows 5 -
11 of the cover page for each Reporting Person hereto and is
incorporated herein by reference for each such Reporting Person. As of
the date hereof, GLG North American Opportunity Fund no longer
beneficially owns more than five percent of the outstanding number of
Shares. The Company's most recent Registration Statement on Form S-1
that was filed on December 20, 2006, indicates there were 25,525,914
Shares outstanding as of November 1, 2006.
The Investment Manager, which serves as the investment manager to each
of the GLG Funds, may be deemed to be the beneficial owner of all
Shares owned by the GLG Funds. The General Partner, as general partner
to the Investment Manager, may be deemed to be the beneficial owner of
all Shares owned by the GLG Funds. Each of the Reporting Individuals,
as a Managing Director of the General Partner with the power to
exercise investment discretion, may be deemed to be the beneficial
owner of all Shares owned by the GLG Funds. Each of the Investment
Manager, the General Partner, and the Reporting Individuals hereby
disclaims any beneficial ownership of any such Shares, except for their
pecuniary interest therein. In calculating the percentage of Shares
held by GLG North American Opportunity Fund, we assumed the exercise of
the reported warrants and convertible senior notes.
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: [ ]
Item 8. Identification and Classification of Members of the Group
See Exhibit I.
Exhibits:
CUSIP No. 969199108 13G/A Page 11 of 13 Pages
Exhibit I: Joint Filing Agreement, dated as of February 14, 2007, by and among
GLG Partners LP, GLG Partners Limited, Noam Gottesman, Pierre Lagrange and
Emmanuel Roman.
CUSIP No. 969199108 13G/A Page 12 of 13 Pages
SIGNATURES
After reasonable inquiry and to the best of its knowledge and
belief, each of the undersigned certifies that the information with respect to
it set forth in this statement is true, complete, and correct.
Dated: February 14, 2007
GLG PARTNERS LIMITED GLG PARTNERS LP
By: GLG Partners Limited,
as its General Partner
/s/ Emmanuel Roman
---------------------------------
Name: Emmanuel Roman
Title: Managing Director
/s/ Emmanuel Roman
------------------------------
Name: Emmanuel Roman
/s/ Victoria Parry Title: Managing Director
---------------------------------
Name: Victoria Parry
Title: Senior Legal Counsel
/s/ Victoria Parry
------------------------------
Name: Victoria Parry
Title: Senior Legal Counsel
GLG NORTH AMERICAN OPPORTUNITY FUND
By: GLG Partners LP,
as its Investment Manager
/s/ Emmanuel Roman By: GLG Partners Limited,
-------------------------------- as its General Partner
EMMANUEL ROMAN, individually and
on behalf of Noam Gottesman and
Pierre Lagrange
/s/ Emmanuel Roman
---------------------------------
Name: Emmanuel Roman
Title: Managing Director
/s/ Victoria Parry
---------------------------------
Name: Victoria Parry
Title: Senior Legal Counsel
The Powers of Attorney executed by Noam Gottesman and Pierre Lagrange,
authorizing Emmanuel Roman to sign and file this Schedule 13G/A on each person's
behalf, which were filed with the Schedule 13G filed with the Securities and
Exchange Commission on December 15, 2006 by such Reporting Persons with respect
to the common stock of Movado Group, Inc., are hereby incorporated by reference.
CUSIP No. 969199108 13G/A Page 13 of 13 Pages
EXHIBIT I
JOINT FILING AGREEMENT
This will confirm the agreement by and among the undersigned that the Schedule
13G filed with the Securities and Exchange Commission on or about the date
hereof with respect to the beneficial ownership by the undersigned of the Shares
is being filed, and all amendments thereto will be filed, on behalf of each of
the persons and entities named below in accordance with Rule 13d-1(k) under the
Securities Exchange Act of 1934, as amended. This Agreement may be executed in
two or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.
Dated as of February 14, 2007
GLG PARTNERS LIMITED GLG PARTNERS LP
By: GLG Partners Limited,
as its General Partner
/s/ Emmanuel Roman
------------------------------
Name: Emmanuel Roman
Title: Managing Director
/s/ Emmanuel Roman
------------------------------
Name: Emmanuel Roman
/s/ Victoria Parry Title: Managing Director
------------------------------
Name: Victoria Parry
Title: Senior Legal Counsel
/s/ Victoria Parry
------------------------------
Name: Victoria Parry
Title: Senior Legal Counsel
GLG NORTH AMERICAN OPPORTUNITY FUND
By: GLG Partners LP,
as its Investment Manager
/s/ Emmanuel Roman By: GLG Partners Limited,
-------------------------------- as its General Partner
EMMANUEL ROMAN, individually and
on behalf of Noam Gottesman and
Pierre Lagrange
/s/ Emmanuel Roman
---------------------------------
Name: Emmanuel Roman
Title: Managing Director
/s/ Victoria Parry
---------------------------------
Name: Victoria Parry
Title: Senior Legal Counsel