SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
FLOTEK INDUSTRIES, INC.
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(Name of Issuer)
COMMON STOCK, $0.0001 PAR VALUE PER SHARE
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(Title of Class of Securities)
343389 10 2
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(CUSIP Number)
Glenn S. Penny
3109 Stagestand Road
Duncan, Oklahoma 73533
(580) 255-2673
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 24, 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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of Above Persons (Entities Only)
Glenn S. Penny
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2. Check the Appropriate Box If a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds
N/A
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5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item
2(d) or 2(e). [ ]
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6. Citizenship or Place of Organization
United States
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Number of Shares 7. Sole Voting Power
Beneficially Owned By 875,415
Each Reporting Person
With
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8. Shared Voting Power
0
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9. Sole Dispositive Power
875,415
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10. Shared Dispositive Power
0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
875,415
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12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
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13. Percent of Class Represented by Amount in Row (11)
15.9%
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14. Type of Reporting Person
IN
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Item 1. Security and Issuer
This Statement relates to the Common Stock, $0.0001 par value per share of
Flotek Industries, Inc., a Delaware corporation (the "Company"). The principal
executive offices of the Company are located at 7030 Empire Central Drive,
Houston, Texas 77040.
Item 2. Identity and Background
(a) This Statement is filed by Glenn S. Penny.
(b) Glenn S. Penny's business address is 3109 Stagestand Road, Duncan,
Oklahoma, 73533.
(c) Mr. Penny is the President of the Company and works at the business
address disclosed in (b) above.
(d) Mr. Penny has not been convicted in a criminal proceeding during the
last five years (excluding traffic violations or similar
misdemeanors).
(e) During the past five years, Mr. Penny was not a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction as a result of which Mr. Penny was or is subject to a
judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
(f) Glenn S. Penny is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration
No change.
Item 4. Purpose of Transaction
No change, except to disclose the following transaction since the
filing of the original Schedule 13D on November 13, 2001 and
Amendment No. 1 filed on June 17, 2002:
On December 24, 2002, Mr. Penny sold 200,000 shares of the Company's
common stock for $0.50 per share to Mr. Robert S. Beall, another
Director of the Company.
Item 5. Interest in Securities of the Issuer
(a) Because of the sale of shares Mr. Penny is now the direct
beneficial owner of 875,415 shares, or approximately 15.9% the
5,521,670 shares of common stock of the Company that were issued and
outstanding on December 24, 2002.
(b) No change.
(c) No change, except to disclose the following transaction since
the filing of the original Schedule 13D on November 13, 2001 and
Amendment No. 1 filed on June 17, 2002:
On December 24, 2002, Mr. Penny sold 200,000 shares of the Company's
common stock for $0.50 per share to Mr. Robert S. Beall, another
Director of the Company.
(d) No change.
(e) No change.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
No change.
Item 7. Material to be Filed as Exhibits.
None
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 13, 2003
/s/ Glenn S. Penny
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Glenn S. Penny