SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Triton Energy Ltd – ‘11-K’ for 12/31/96

As of:  Wednesday, 6/25/97   ·   For:  12/31/96   ·   Accession #:  1009404-97-13   ·   File #:  1-11675

Previous ‘11-K’:  ‘11-K’ on 6/26/96 for 12/31/95   ·   Next:  ‘11-K’ on 6/26/98 for 12/31/97   ·   Latest:  ‘11-K’ on 6/18/01 for 12/31/00

  in   Show  &   Hints

  As Of                Filer                Filing    For·On·As Docs:Size

 6/25/97  Triton Energy Ltd                 11-K       12/31/96    2:30K

Annual Report of an Employee Stock Purchase, Savings or Similar Plan   —   Form 11-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 11-K        Annual Report of an Employee Stock Purchase,          14±    68K 
                          Savings or Similar Plan                                
 2: EX-23.1     Consent of Experts or Counsel                          1      5K 


11-K   —   Annual Report of an Employee Stock Purchase, Savings or Similar Plan
Document Table of Contents

Page (sequential) | (alphabetic) Top
 
11st Page   -   Filing Submission
3Index to Financial Statements
11-K1st "Page" of 9TOCTopPreviousNextBottomJust 1st
 

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS AND SIMILAR PLANS PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) [ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED] FOR THE FISCAL YEAR ENDED DECEMBER 31, 1996 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] For the transition period from to COMMISSION FILE NUMBER: 1-11675 Full title of the plan and the address of the plan, if different from that of the issuer named below: TRITON EXPLORATION SERVICES, INC. 401(K) SAVINGS PLAN Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: TRITON ENERGY LIMITED CALEDONIAN HOUSE MARY STREET P.O. BOX 1043 GEORGE TOWN, GRAND CAYMAN CAYMAN ISLANDS
11-K2nd "Page" of 9TOC1stPreviousNextBottomJust 2nd
Required Information (a) Financial Statements. See "Index to Financial Statements" on page F-1. (b) Exhibit. The following document is an exhibit to this Form 11-K: Exhibit Number Document 23.1 - Consent of Price Waterhouse LLP, filed herewith.
11-K3rd "Page" of 9TOC1stPreviousNextBottomJust 3rd
TRITON ENERGY CORPORATION 401(k) SAVINGS PLAN INDEX TO FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES [Download Table] Page ---- Financial statements: Report of Independent Accountants F-2 Statement of Net Assets Available for Benefits, with Fund Information at December 31, 1996 F-3 Statement of Net Assets Available for Benefits, with Fund Information at December 31, 1995 F-4 Statement of Changes in Net Assets Available for Benefits, with Fund Information for the Year Ended December 31, 1996 F-5 Notes to Financial Statements F-6 Supplemental schedules: Schedule I - Investments at December 31, 1996 F-10 Schedule II - Transactions in Excess of 5% of the Fair Market Value of the Plan Assets for the Year Ended December 31, 1996 F-11
11-K4th "Page" of 9TOC1stPreviousNextBottomJust 4th
REPORT OF INDEPENDENT ACCOUNTANTS To the Participants and Administrator of the Triton Energy Corporation 401(k) Savings Plan In our opinion, the accompanying statements of net assets available for benefits, with fund information, and the related statement of changes in net assets available for benefits, with fund information, present fairly, in all material respects, the net assets available for benefits of the Triton Energy Corporation 401(k) Savings Plan at December 31, 1996 and 1995, and the changes in net assets available for benefits for the year ended December 31, 1996, in conformity with generally accepted accounting principles. These financial statements are the responsibility of the plan's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with generally accepted auditing standards which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for the opinion expressed above. Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The additional information included in schedules I and II is presented for purposes of additional analysis and is not a required part of the basic financial statements but is additional information required by ERISA. Schedules I and II and the Fund Information have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. PRICE WATERHOUSE LLP Dallas, Texas June 13, 1997 TRITON ENERGY CORPORATION 401(K) SAVINGS PLAN STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS, WITH FUND INFORMATION DECEMBER 31, 1996 [Enlarge/Download Table] FUND INFORMATION ----------------- LARGE LARGE SMALL GOVERNMENT LONG TERM CAPITALIZATION CAPITALIZATION CAPITALIZATION MONEY BOND VALUE EQUITY GROWTH VALUE EQUITY FUND FUND FUND* FUND* FUND ----------- ---------- ----------------- --------------- --------------- Assets Investments, at fair value Triton Energy Limited ordinary shares $ --- $ --- $ --- $ --- $ --- International equity investments fund --- --- --- --- --- Large capitalization value equity fund --- --- 834,419 --- --- Large capitalization growth fund --- --- --- 1,134,577 --- Small capitalization value equity fund --- --- --- --- 71,071 Government money fund 146,388 --- --- --- --- Long term bond fund --- 202,186 --- --- --- Participant loans --- --- --- --- --- Cash and equivalents 524 366 1,101 1,226 117 ----------- ---------- ----------------- --------------- --------------- Total investments 146,912 202,552 835,520 1,135,803 71,188 ----------- ---------- ----------------- --------------- --------------- Receivables Employer's contributions 1,502 1,741 7,846 10,602 2,290 Participants' contributions 1,915 2,365 10,329 13,977 3,378 Other 1,767 --- --- --- --- ----------- ---------- ----------------- --------------- --------------- Total receivables 5,184 4,106 18,175 24,579 5,668 ----------- ---------- ----------------- --------------- --------------- Total assets 152,096 206,658 853,695 1,160,382 76,856 Liabilities Accounts payable --- --- --- --- --- ----------- ---------- ----------------- --------------- --------------- Net assets available for plan benefits $ 152,096 $ 206,658 $ 853,695 $ 1,160,382 $ 76,856 ----------- ---------- ----------------- --------------- --------------- INTERNATIONAL EQUITY TRITON INVESTMENTS STOCK PARTICIPANT CASH AND FUND* FUND* LOANS EQUIVALENTS TOTAL -------------- ---------- ------------ ------------- ---------- Assets Investments, at fair value Triton Energy Limited ordinary shares $ --- $6,224,781 $ --- $ --- $6,224,781 International equity investments fund 564,775 --- --- --- 564,775 Large capitalization value equity fund --- --- --- --- 834,419 Large capitalization growth fund --- --- --- --- 1,134,577 Small capitalization value equity fund --- --- --- --- 71,071 Government money fund --- --- --- --- 146,388 Long term bond fund --- --- --- --- 202,186 Participant loans --- --- 298,541 --- 298,541 Cash and equivalents 929 12,545 --- 102,540 119,348 -------------- ---------- ------------ ------------- ---------- Total investments 565,704 6,237,326 298,541 102,540 9,596,086 -------------- ---------- ------------ ------------- ---------- Receivables Employer's contributions 4,079 11,830 --- (39,890) --- Participants' contributions 5,765 16,159 --- (53,888) --- Other --- 2,529 --- (4,296) --- -------------- ---------- ------------ ------------- ---------- Total receivables 9,844 30,518 --- (98,074) --- -------------- ---------- ------------ ------------- ---------- Total assets 575,548 6,267,844 298,541 4,466 9,596,086 Liabilities Accounts payable --- --- --- 4,466 4,466 -------------- ---------- ------------ ------------- ---------- Net assets available for plan benefits $ 575,548 $6,267,844 $ 298,541 $ --- $9,591,620 -------------- ---------- ------------ ------------- ---------- * Denotes an investment representing 5% or more of net assets available for benefits. See accompanying notes to financial statements.
11-K5th "Page" of 9TOC1stPreviousNextBottomJust 5th
TRITON ENERGY CORPORATION 401(K) SAVINGS PLAN STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS, WITH FUND INFORMATION DECEMBER 31, 1995 [Enlarge/Download Table] FUND INFORMATION ----------------- LARGE LARGE INTERNATIONAL GOVERNMENT LONG TERM CAPITALIZATION CAPITALIZATION EQUITY TRITON MONEY BOND VALUE EQUITY GROWTH INVESTMENTS STOCK FUND FUND FUND FUND FUND FUND ----------- ---------- ----------------- --------------- -------------- ---------- Assets Investments, at fair value Triton Energy Corporation common stock $ --- $ --- $ --- $ --- $ --- $7,870,817 International equity investments fund --- --- --- --- 490,273 --- Large capitalization value equity fund --- --- 635,262 --- --- --- Large capitalization growth fund --- --- --- 702,796 --- --- Government money fund 461,954 --- --- --- --- --- Long term bond fund --- 189,760 --- --- --- --- Participant loans --- --- --- --- --- --- Cash and equivalents --- --- --- --- --- 1,288 ----------- ---------- ----------------- --------------- -------------- ---------- Total investments 461,954 189,760 635,262 702,796 490,273 7,872,105 ----------- ---------- ----------------- --------------- -------------- ---------- Receivables Employer's contributions 812 1,621 6,308 7,781 4,752 9,850 Participants' contributions 1,014 2,185 8,409 10,221 6,641 14,151 Other 262 449 1,120 449 --- 2,291 ----------- ---------- ----------------- --------------- -------------- ---------- Total receivables 2,088 4,255 15,837 18,451 11,393 26,292 ----------- ---------- ----------------- --------------- -------------- ---------- Total assets 464,042 194,015 651,099 721,247 501,666 7,898,397 Liabilities Accounts payable --- --- --- --- 132 --- ----------- ---------- ----------------- --------------- -------------- ---------- Net assets available for plan benefits $ 464,042 $ 194,015 $ 651,099 $ 721,247 $ 501,534 $7,898,397 ----------- ---------- ----------------- --------------- -------------- ---------- PARTICIPANT CASH AND LOANS EQUIVALENTS TOTAL ------------ ------------ ----------- Assets Investments, at fair value Triton Energy Corporation common stock $ --- $ --- $ 7,870,817 International equity investments fund --- --- 490,273 Large capitalization value equity fund --- --- 635,262 Large capitalization growth fund --- --- 702,796 Government money fund --- --- 461,954 Long term bond fund --- --- 189,760 Participant loans 298,468 --- 298,468 Cash and equivalents --- 8,301 9,589 ------------ ------------ ----------- Total investments 298,468 8,301 10,658,919 ------------ ------------ ----------- Receivables Employer's contributions --- --- 31,124 Participants' contributions --- --- 42,621 Other --- 1,965 6,536 ------------ ------------ ----------- Total receivables --- 1,965 80,281 ------------ ------------ ----------- Total assets 298,468 10,266 10,739,200 Liabilities Accounts payable --- 10,266 10,398 ------------ ------------ ----------- Net assets available for plan benefits $ 298,468 $ --- $10,728,802 ------------ ------------ ----------- See accompanying notes to financial statements.
11-K6th "Page" of 9TOC1stPreviousNextBottomJust 6th
TRITON ENERGY CORPORATION 401(K) SAVINGS PLAN STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS, WITH FUND INFORMATION FOR THE YEAR ENDED DECEMBER 31, 1996 [Enlarge/Download Table] FUND INFORMATION ------------------ LARGE LARGE GOVERNMENT LONG TERM CAPITALIZATION CAPITALIZATION MONEY BOND VALUE EQUITY GROWTH FUND FUND FUND FUND ------------ ----------- ------------------ --------------- Additions to net assets attributed to: Net appreciation (depreciation) in fair value $ --- $ (5,871) $ 75,680 $ 119,303 Dividends 17,041 12,242 60,322 47,051 Interest and other 16 28 581 450 ------------ ----------- ------------------ --------------- Total investment income (loss) 17,057 6,399 136,583 166,804 ------------ ----------- ------------------ --------------- Contributions Participants 67,694 28,572 169,522 231,528 Employer 20,917 20,428 93,656 138,820 ------------ ----------- ------------------ --------------- Total contributions 88,611 49,000 263,178 370,348 ------------ ----------- ------------------ --------------- Loans to participants --- --- --- --- Participant loan payments 6,212 11,239 17,054 17,386 ------------ ----------- ------------------ --------------- Total additions 111,880 66,638 416,815 554,538 ------------ ----------- ------------------ --------------- Deductions from net assets attributed to: Benefits paid 251,635 40,927 186,569 188,733 Loans to participants 63,803 3,870 16,613 15,405 Participant loan payments --- --- --- --- Miscellaneous (1,767) --- --- --- ------------ ----------- ------------------ --------------- Total deductions 313,671 44,797 203,182 204,138 ------------ ----------- ------------------ --------------- Net increase (decrease) prior to interfund transfers (201,791) 21,841 213,633 350,400 Interfund transfers (110,155) (9,198) (11,037) 88,735 ------------ ----------- ------------------ --------------- Net increase (decrease) (311,946) 12,643 202,596 439,135 Net assets available for plan benefits: Beginning of year 464,042 194,015 651,099 721,247 ------------ ----------- ------------------ --------------- End of year $ 152,096 $ 206,658 $ 853,695 $ 1,160,382 ------------ ----------- ------------------ --------------- SMALL INTERNATIONAL CAPITALIZATION EQUITY TRITON VALUE EQUITY INVESTMENTS STOCK PARTICIPANT FUND FUND FUND LOANS TOTAL --------------- --------------- ------------ ------------ ------------ Additions to net assets attributed to: Net appreciation (depreciation) in fair value $ 553 $ (16,962) $(1,248,406) $ --- $(1,075,703) Dividends 5,496 42,793 --- --- 184,945 Interest and other 6 (165) --- 26,460 27,376 --------------- --------------- ------------ ------------ ------------ Total investment income (loss) 6,055 25,666 (1,248,406) 26,460 (863,382) --------------- --------------- ------------ ------------ ------------ Contributions Participants 10,808 111,421 295,337 --- 914,882 Employer 7,020 79,841 203,559 --- 564,241 --------------- --------------- ------------ ------------ ------------ Total contributions 17,828 191,262 498,896 --- 1,479,123 --------------- --------------- ------------ ------------ ------------ Loans to participants --- --- --- 140,131 140,131 Participant loan payments 350 11,982 92,520 --- 156,743 --------------- --------------- ------------ ------------ ------------ Total additions 24,233 228,910 (656,990) 166,591 912,615 --------------- --------------- ------------ ------------ ------------ Deductions from net assets attributed to: Benefits paid --- 64,645 1,012,406 9,775 1,754,690 Loans to participants --- 2,166 38,274 --- 140,131 Participant loan payments --- --- --- 156,743 156,743 Miscellaneous --- --- --- --- (1,767) --------------- --------------- ------------ ------------ ------------ Total deductions --- 66,811 1,050,680 166,518 2,049,797 --------------- --------------- ------------ ------------ ------------ Net increase (decrease) prior to interfund transfers 24,233 162,099 (1,707,670) 73 (1,137,182) Interfund transfers 52,623 (88,085) 77,117 --- --- --------------- --------------- ------------ ------------ ------------ Net increase (decrease) 76,856 74,014 (1,630,553) 73 (1,137,182) Net assets available for plan benefits: Beginning of year --- 501,534 7,898,397 298,468 10,728,802 --------------- --------------- ------------ ------------ ------------ End of year $ 76,856 $ 575,548 $ 6,267,844 $ 298,541 $ 9,591,620 --------------- --------------- ------------ ------------ ------------ See accompanying notes to financial statements. TRITON ENERGY CORPORATION 401(K) SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS 1. DESCRIPTION OF THE PLAN The following description of the Triton Energy Corporation 40l(k) Savings Plan (the "Plan") provides only general information. Participants should refer to the Plan documents for a more complete description of the Plan provisions. GENERAL The Plan, as amended and restated January 1, 1994, is a restatement of the Triton Energy Corporation Employee Stock Ownership Plan ("ESOP") which was originally effective as of May 31, 1976. At December 31, 1993, the only fund available for investment was the Triton Stock Fund. All assets of the ESOP were transferred to the Plan at January 1, 1994 at current value. Effective January 1, 1997, the Plan's sponsorship changed from Triton Energy Corporation to Triton Exploration Services, Inc. and the Plan name changed from the Triton Energy Corporation 401(k) Savings Plan to the Triton Exploration Services, Inc. 401(k) Savings Plan. The Plan is a defined contribution plan covering all employees of Triton Energy Corporation (the "Company") and employees of affiliated companies adopting the Plan. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). The Plan covers all employee classifications except leased and temporary employees and members of a legally recognized collective bargaining unit who are not expressly granted permission to participate. Employees are automatically enrolled on January 1st, April 1st, July 1st or October 1st which coincides with or next follows an employee's employment commencement date. The Plan is administered by an administrative committee appointed by the Board of Directors of the Company. The Plan's investments are held by a trust fund administered by SBS Trust Company. 2. REORGANIZATION On March 25, 1996, the stockholders of the Company approved the merger of a wholly owned subsidiary of Triton Energy Limited ("TEL"), a Cayman Islands company incorporated in August 1995, with and into the Company (the "Reorganization"). Pursuant to the Reorganization, TEL became the parent holding company of the Company and each share of Common Stock, par value $1.00, and 5% Convertible Preferred Stock of the Company outstanding on March 25, 1996, was converted into one Ordinary Share, par value $.01, and one 5% Convertible Preference Share, respectively, of TEL. Following the reorganization, the Triton Stock Fund holds ordinary shares of TEL.
11-K7th "Page" of 9TOC1stPreviousNextBottomJust 7th
3. ACCOUNTING POLICIES BASIS OF ACCOUNTING The accompanying financial statements have been prepared on the accrual basis of accounting. The trustee holds and manages the funds and distributes cash and stock to the Plan participants. The assets of the Government Money Fund, Long Term Bond Fund, Large Capitalization Value Equity Fund, Large Capitalization Growth Fund, Small Capitalization Value Equity Fund and International Equity Investments Fund are invested in separate funds managed by independent registered investment advisors. VALUATION OF INVESTMENTS Investments are valued at current value based on quoted market prices except for loans which are valued at cost which approximates fair value. Net appreciation or depreciation of investments as reported in the statement of changes in net assets available for plan benefits is calculated based on a revalued cost method basis as required under ERISA guidelines. THE USE OF ESTIMATES IN PREPARING FINANCIAL STATEMENTS The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. INTERFUND TRANSFERS Participants may change their percentage contributions and fund allocations once per calendar quarter. FORFEITURES A participant forfeits any non-vested employer contributions upon termination of employment for reasons other than retirement, death or disability. Forfeitures are utilized to reduce the Company's matching contributions and were immaterial for 1996.
11-K8th "Page" of 9TOC1stPreviousNextBottomJust 8th
PARTICIPANT LOANS Loans outstanding aggregated $298,541 and $298,468 at December 31, 1996 and 1995, respectively, and bear interest at prime (8.25% at December 31, 1996) plus two percent. A participant may obtain a loan from all of his/her accounts. The maximum amount that can be borrowed is equal to 50% of the participant's vested account balance up to a maximum of $50,000. Participants may borrow general purpose loans with payment terms up to five years and primary residence loans with payment terms up to 15 years. Both the principal and interest portions of the repayments are allocated by current election. EXPENSES Costs and expenses incurred in administering the Plan, excluding certain fees and expenses of the trustee and investment manager, are borne by the Company. 4. PLAN PARTICIPATION AND WITHDRAWALS There were approximately 186 participants contributing to the Plan at December 31, 1996 (142 at December 31, 1995). A participating employee may invest his contributions in multiples of five percent in one or more of the following active funds: the Government Money Fund, Long Term Bond Fund, Large Capitalization Value Equity Fund, Large Capitalization Growth Fund, Small Capitalization Value Equity Fund, International Equity Investments Fund and the Triton Stock Fund. A participant may contribute up to 12% of his/her compensation subject to the annual deferral limit. The Company contributes an amount equal to a participant's contribution, limited to a maximum of six percent of the participant's base pay. Participating employees receive a lump sum payment of all vested contributions upon retirement, disability, death or termination. Also, participating employees may make a hardship withdrawal from their participant accounts, rollover accounts and their vested employer contributed accounts. 5. VESTED INTEREST IN PLAN EQUITY Plan participants are vested at all times in their employee contributed accounts. Vesting of employer contributions to a participant's account occurs at a rate of 20% per year, with full vesting achieved upon five years of service. In the event of retirement, death or disability, the participant immediately becomes fully vested. In addition, in the event the Plan is terminated or partially terminated, employer contributions are discontinued, or a subsidiary of the Company terminates its participation in the Plan, the affected participants' employer contributed accounts will become fully vested. Net assets available for Plan benefits at December 31, 1996 and 1995 included vested amounts of $289,664 and $255,039, respectively, attributable to separated employees. 6. PLAN TERMINATION Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants become fully vested in their accounts. 7. INCOME TAX STATUS Management believes that the Plan is qualified under Section 401(a) of the Internal Revenue Code and therefore, the Plan is exempt from taxation under Section 501. The Internal Revenue Service granted a favorable letter of determination to the Plan as amended on December 5, 1994. Generally, contributions to a qualified plan are deductible by the Company when made, earnings of the trust are tax exempt and participants are not taxed on their benefits until withdrawn from the Plan. Management is unaware of any variations in the operation of the Plan from the terms of the Plan documents as amended. The Plan has complied with the fidelity bonding requirement of ERISA. TRITON ENERGY CORPORATION 401(K) SAVINGS PLAN ITEM 27A - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES SCHEDULE I INVESTMENTS AT DECEMBER 31, 1996 [Enlarge/Download Table] IDENTITY OF ISSUE, BORROWER, LESSOR OR SIMILAR PARTY NUMBER OF CURRENT DESCRIPTION OF INVESTMENT SHARES COST VALUE (a) --------------------------------------------------------------- --------- ---------- ---------- TRITON STOCK FUND (b) ---------------------------------------------------------------- Triton Energy Limited ordinary shares 128,236 $2,001,439 $6,267,844 ---------- ---------- INTERNATIONAL EQUITY INVESTMENTS FUND --------------------------------------------------------------- Consulting Group Capital Markets Fund 56,010 $ 590,652 $ 575,548 ---------- ---------- LARGE CAPITALIZATION VALUE EQUITY FUND --------------------------------------------------------------- Consulting Group Capital Markets Fund 68,095 $ 730,932 $ 853,695 ---------- ---------- LARGE CAPITALIZATION GROWTH FUND --------------------------------------------------------------- Consulting Group Capital Markets Fund 80,099 $ 990,448 $1,160,382 ---------- ---------- SMALL CAPITALIZATION VALUE EQUITY FUND --------------------------------------------------------------- Consulting Group Capital Markets Fund 6,111 $ 76,320 $ 76,856 ---------- ---------- GOVERNMENT MONEY FUND --------------------------------------------------------------- Consulting Group Capital Markets Fund 146,912 $ 152,096 $ 152,096 ---------- ---------- LONG TERM BOND FUND --------------------------------------------------------------- Consulting Group Capital Markets Fund 24,611 $ 204,913 $ 206,658 ---------- ---------- PARTICIPANT LOANS --------------------------------------------------------------- Participant Notes Receivable Due January 31, 1997 through September 30, 2010 at 8% - 11% $ 298,541 $ 298,541 ---------- ---------- (a) Current value represents closing prices at December 31, 1996. (b) Party-in-interest TRITON ENERGY CORPORATION 401(K) SAVINGS PLAN ITEM 27D - SCHEDULE OF REPORTABLE TRANSACTIONS SCHEDULE II TRANSACTIONS IN EXCESS OF 5% OF THE FAIR MARKET VALUE OF THE PLAN ASSETS FOR THE YEAR ENDED DECEMBER 31, 1996 [Enlarge/Download Table] CURRENT VALUE AGGREGATE AGGREGATE EXPENSE OF ASSET ON IDENTITY OF PARTY INVOLVED PURCHASE SELLING LEASE INCURRED WITH COST TRANSACTION DESCRIPTION OF ASSET PRICE PRICE RENTAL TRANSACTION OF ASSET DATE ----------------------------------------- ---------- ---------- ------- ------------------- ---------- -------------- TRITON STOCK FUND ----------------------------------------- Triton Energy Limited ordinary shares (a) $ 679,413 $ 636,765 $ --- $ 11,656 $ 194,549 $ 636,765 ---------- ---------- ------- ------------------- ---------- -------------- GOVERNMENT MONEY FUND ----------------------------------------- Consulting Group Capital Markets Fund $ 111,464 $ 427,030 $ --- $ --- $ 427,030 $ 427,030 ---------- ---------- ------- ------------------- ---------- -------------- LARGE CAPITALIZATION VALUE EQUITY FUND ----------------------------------------- Consulting Group Capital Markets Fund $ 367,205 $ 243,728 $ --- $ --- $ 204,266 $ 243,728 ---------- ---------- ------- ------------------- ---------- -------------- LARGE CAPITALIZATION GROWTH FUND ----------------------------------------- Consulting Group Capital Markets Fund $ 567,960 $ 255,480 $ --- $ --- $ 214,884 $ 255,480 ---------- ---------- ------- ------------------- ---------- -------------- CASH EQUIVALENTS ----------------------------------------- Reserve Deposit Account (RDA VI) $2,803,293 $2,693,710 $ --- $ --- $2,693,710 $ 2,693,710 ---------- ---------- ------- ------------------- ---------- -------------- (a) Party-in-interest NUMBER OF IDENTITY OF PARTY INVOLVED TRANSACTIONS ------------------- NET DESCRIPTION OF ASSET PURCHASES SALES GAIN ----------------------------------------- ------------ ----- -------- TRITON STOCK FUND ----------------------------------------- Triton Energy Limited ordinary shares (a) 19 15 $442,216 -------- GOVERNMENT MONEY FUND ----------------------------------------- Consulting Group Capital Markets Fund 89 29 $ --- -------- LARGE CAPITALIZATION VALUE EQUITY FUND ----------------------------------------- Consulting Group Capital Markets Fund 82 36 $ 39,462 -------- LARGE CAPITALIZATION GROWTH FUND ----------------------------------------- Consulting Group Capital Markets Fund 100 41 $ 40,596 -------- CASH EQUIVALENTS ----------------------------------------- Reserve Deposit Account (RDA VI) 82 86 $ --- -------- (a) Party-in-interest SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. TRITON ENERGY CORPORATION 401(k) Savings Plan Date: June 25, 1997 /s/ Robert B. Holland, III Robert B. Holland, III Senior Vice President and Secretary
11-KLast "Page" of 9TOC1stPreviousNextBottomJust 9th
EXHIBIT INDEX The following document is an exhibit to this Form 11-K: Exhibit Number Document 23.1 Consent of Price Waterhouse LLP, filed herewith.

Dates Referenced Herein   and   Documents Incorporated by Reference

Referenced-On Page
This ‘11-K’ Filing    Date First  Last      Other Filings
9/30/108
Filed on:6/25/978
6/13/974
1/31/978
1/1/976
For Period End:12/31/961810-K
3/25/9668-A12B
12/31/953810-K405,  11-K
12/5/948
1/1/946
12/31/936
 List all Filings 
Top
Filing Submission 0001009404-97-000013   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2018 Fran Finnegan & Company.  All Rights Reserved.
AboutPrivacyRedactionsHelp — Sat., Oct. 20, 3:58:11.0pm ET