UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN
BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities
Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(h)
of the Investment Company Act of 1940
1. Name and Address of Reporting Persons
J.R. Simplot/J.R. Simplot Self Declaration of Revocable Trust
999 Main Street, Suite 1300
Boise, ID 83702
2. Issuer Name and Ticker or Trading Symbol
Remington Oil and Gas Corporation (REM)
3. I.R.S. Identification Number of Reporting Person, if an entity
(Voluntary)
518-34-0145
4. Statement for Month/Day/Year
February 20, 2003
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer
(Check All Applicable)
[___] Director
[ X ] 10% Owner
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[___] Officer (give title below)
[___] Other (specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
[___] Form filed by One Reporting Person
[ X ] Form filed by More than One Reporting Person
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security (Instr. 3)
Common Stock
2. Transaction Date (Month/Day/Year)
2A. Deemed Execution Date, if any (Month/Day/Year)
3. Transaction Code (Instr. 8)
CODE
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
AMOUNT (A) OR (D) PRICE
5. Amount of Securities Beneficially Owned following Reporting
Transaction(s) (Instr. 3 and 4)
5,477,928; See "Explanation of Responses"
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
I: See Table I, Item 7
7. Nature of Indirect Beneficial Ownership (Instr. 4)
2,785,028 shares are directly owned by JRS Properties III L.P.
("JRS Properties III"). The J.R. Simplot Self Declaration of Revocable
Trust (the "Trust"), of which Mr. Simplot is the beneficiary and trustee,
controls JRS Properties III. The Trust and a trust for the benefit of
Mr. Simplot's spouse ("Mrs. Simplot's Trust"), which exercises no
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investment control, hold approximately 79.6% of the beneficial interest
in the shares owned by JRS Properties III.
2,692,900 shares are directly owned by JRS Properties L.P. ("JRS
Properties"). (Of these shares, up to 550,000 shares are subject to
a variable share forward sale contract. See "Explanation of Responses.")
The Trust controls JRS Properties. The Trust and Mrs. Simplot's Trust
hold approximately 98.7% of the beneficial interest in the shares owned
by JRS Properties.
TABLE II - DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
(e.g. puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)
Variable share forward sale of Common Stock
2. Conversion or Exercise Price of Derivative Security
See "Explanation of Responses"
3. Transaction Date (Month/Day/Year)
February 20, 2003
3A. Deemed Execution Date, if any (Month/Day/Year)
4. Transaction Code (Instr. 8)
CODE V
J
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
(A) (D)
See "Explanation of Responses"
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6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
See "Explanation of Responses"
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Title Amount of Number of Shares
Common Stock Up to 550,000 shares -
See "Explanation of Responses"
8. Price of Derivative Security (Instr. 5)
See "Explanation of Responses"
9. Number of Derivative Securities Beneficially Owned following
Reported
Transaction(s) (Instr. 4)
See Table I, Item 7
10. Ownership Form of Derivative Security: Direct (D) or
Indirect (I) (Instr. 4)
See Table I, Item 7
11. Nature of Indirect Beneficial Ownership (Instr. 4)
See Table I, Item 7
Explanation of Responses:
JRS Properties entered into a deferred sale transaction in the
form of a variable share forward sale contract (the "JRS Properties
Contract") with Bank of America, N.A. on February 20, 2003, pursuant
to which JRS Properties was entitled to receive a notional amount
of cash against the future delivery of up to 550,000 shares
(collectively, the "Shares") of Remington's Common Stock. The
Initial Share Price will be determined at the end of the Pricing
Period and will equal the net volume weighted average price per
share at which Bank of America hedges its risk in the market by
selling 550,000 shares of Remington's Common Stock. Pursuant to the
JRS Properties Contract, at the expiration date (48 months from the
date at which the Initial Share Price is determined in accordance
with the contract), JRS Properties must
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deliver the Shares, or a lesser number of Shares which shall be
determined based on the share price on the expiration date, to the
counterparty.
Reporting Persons:
Dated: February 24, 2003
/s/ J.R. Simplot
--------------------------------
J.R. Simplot
By: /s/ Stephen A. Beebe
--------------------------------
Stephen A. Beebe, as Attorney-in-Fact
J.R. Simplot Self Declaration
of Revocable Trust
Dated: February 24, 2003
By: /s/ J.R. Simplot
--------------------------------
J.R. Simplot, as Trustee
By: /s/ Stephen A. Beebe
--------------------------------
Stephen A. Beebe, as Attorney-in-Fact
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