UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
TENGASCO INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
88033R 30 4
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(CUSIP Number)
Bill L. Harbert
820 Shades Creek Parkway
Birmingham, Alabama 35209
Telephone (205) 802-2800
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 3, 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 that is the subject of
this Schedule 13D, and is filing this schedule because of
ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [X]
NOTE: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all
exhibits. See ss.240.13d-7 for other parties to whom copies
are to be sent.
* 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. 88033R 30 4
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(1) NAMES OF REPORTING PERSONS. IRS IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY).
BILL L. HARBERT
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(SEE INSTRUCTIONS) (b) [ ]
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS (SEE INSTRUCTIONS)
PF
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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
UNITED STATES
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(7) SOLE VOTING POWER
NUMBER OF 1,249,096(1)
SHARES --------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------------
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON WITH 1,249,096(1)
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(10) SHARED DISPOSITIVE POWER
0
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(1) Includes 71,429 shares of Common Stock issuable upon conversion of
shares of Series A 8% Cumulative Convertible Preferred Stock acquired
in May, 2000.
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,249,096(1)
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(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
N/A
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
APPROXIMATELY 11.95%
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(14) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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ITEM 1. SECURITY AND ISSUER
Common Stock, par value $0.001 per share (the "Common Stock"),
of Tengasco, Inc., a Tennessee corporation
603 Main Ave.
Suite 500
Knoxville, TN 37902
ITEM 2. IDENTITY AND BACKGROUND
Bill L. Harbert
802 Shades Creek Parkway
Birmingham, AL 35209
The Reporting Person is an individual. The Reporting Person
served as Chairman of the Board and CEO of Bill Harbert
International Construction, Inc., a Delaware corporation whose
principal business is construction, until retiring from the
Company in 2000. The principal address of the business is 802
Shades Creek Parkway, Birmingham, Alabama 35209.
The Reporting Person was named as a member of the Board of
Directors of Issuer as of April 3, 2002, which is the reason
this Schedule 13D is being filed.
The Reporting Person has not, during the past five years, been
convicted in a criminal proceeding or been a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is
subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject
to,
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federal or state securities laws or finding any violation with
respect to such laws.
The Reporting Person is a United States citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Personal funds of the Reporting Person in the aggregate amount
of $8,085,372.50 have been used to purchase the 1,249,096(1)
shares of Common Stock of Issuer that are owned by the
Reporting Person. The shares of Issuer have been acquired at
various times between October 15, 1997 and March 28, 2002.
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Person was named as a member of the Board of
Directors of the Issuer as of April 3, 2002, which is the
reason this Schedule 13D is being filed. The Reporting Person
has previously filed on Schedule 13G with respect to his
ownership of Common Stock of the Issuer. The Reporting Person
has acquired the shares of Common Stock of Issuer for
investment purposes. Although the Reporting Person has not
formulated any definitive plans to do so, he may from time to
time acquire additional securities of the Issuer, or dispose
of securities of Issuer, if and when he deems appropriate in
light of market conditions, investment considerations and
other factors.
Except as set forth above, the Reporting Person has no plans
or proposals which relate to or would result in any actions
described in subparagraphs (a) through (j) of Item 4 of
Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Reporting Person beneficially owns 1,249,096(1)
shares of Common Stock, or approximately 11.95% of the
outstanding shares of Common Stock, of the Issuer.
(b) The Reporting Person has the sole power to vote and
to dispose of the 1,249,096(1) shares of Common Stock of the
Issuer.
(c) The Reporting Person acquired 100,000 shares of
Common Stock of the Issuer from the Issuer on March 28, 2002
for $4.80 per share, or total consideration of $480,000, in a
private placement transaction. Other than the above described
acquisition of shares of Common Stock of Issuer,
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there has been no transaction regarding the Common Stock of
the Issuer effected during the past sixty days by the
Reporting Person.
(d) Inapplicable.
(e) Inapplicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
There is no contract, arrangement, understanding or
relationship (legal or otherwise) between the Reporting Person
and any other person with respect to any securities of the
Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
There are no agreements required to be filed as Exhibits.
SIGNATURE
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.
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Date: April 15, 2002
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Signature:
/s/ Bill L. Harbert
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Name/Title: Bill L. Harbert
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
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