rollinsr13dam7807.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D


Under the Securities Exchange Act of 1934
(Amendment No. 7)

RPC, Inc.
(Name of Issuer)

Common Stock, $.10 Par Value
(Title of Class of Securities)

749660 10 6
(CUSIP Number)

Robert F. Dow
171 17th Street NW
Suite 2100
Atlanta, Georgia 30363-1031
(404) 873-8706
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

August 27, 2007
(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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box ¨.

Check the following box if a fee is being paid with the statement ¨.  (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.)

Note:  Six copies of this statement, including all exhibits, should be filed with the Commission.  See Rule 13d-1(a) 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. 749660 10 6                                                                         Page 2 of 15   
1
Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
R. Randall Rollins
 
2
Check the Appropriate Box if a Member of a Group
 
(a)x
(b)¨
3
SEC Use Only
 
 
4
Source of Funds
00
 
5
Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
 
¨
6
Citizenship or Place of Organization
United States
 
7
Sole Voting Power
1,825,358***
 
8
Shared Voting Power
61,215,025*
 
9
Sole Dispositive Power
1,825,358***
 
10
Shared Dispositive Power
61,215,025*
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person
63,040,383*
 
12
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
 
x
13
Percent of Class Represented by Amount in Row (11)
64.1 percent*
 
14
Type of Reporting Person
IN
 
 
*
Does not include 101,254** shares of the Company held by his wife.  Includes 57,537,985** shares of the Company held by RFPS Management Company II, L.P. of which RFA Management Company, LLC ("General Partner"), a Georgia limited liability company, is the general partner, and 3,403,800** shares held by RFT Investment Company, LLC (“RFT”).  The voting interests of the General Partner are held by two revocable trusts, one of which each of Gary or Randall Rollins is the grantor and sole trustee.  LOR, Inc. is the manager of the General Partner and the manager of RFT.  Also includes 273,240** shares of common stock in two trusts of which he is Co-Trustee and as to which he shares voting and investment power.  Adjusted to reflect the following three-for-two stock splits: effective February 10, 2005, paid March 10, 2005; effective October 25, 2005, paid December 12, 2005; and effective November 10, 2006, paid December 11, 2006.
 
**
Mr. Rollins disclaims any beneficial interest in these holdings.
 
***
Includes 7,290** shares of common stock held as Trustee, Guardian, or Custodian for his children.  Also includes options to purchase 337,500 shares, which are currently exercisable or will become exercisable within 60 days of the date hereof, and 90,500 shares of restricted stock.


 
CUSIP No. 749660 10 6                                                                         Page 3 of 15   
1
Name of Reporting Person  S.S. or I.R.S. Identification No. of Above Person
Gary W. Rollins
 
2
Check the Appropriate Box if a Member of a Group
 
(a)x
(b)¨
3
SEC Use Only
 
 
4
Source of Funds
00
 
5
Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
 
¨
6
Citizenship or Place of Organization
United States
 
7
Sole Voting Power
2,451,186***
 
8
Shared Voting Power
61,215,025*
 
9
Sole Dispositive Power
2,451,186***
 
10
Shared Dispositive Power
61,215,025*
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person
63,666,211*
 
12
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
 
x
13
Percent of Class Represented by Amount in Row (11)
65.0 percent*
 
14
Type of Reporting Person
IN
 

*
Does not include 202,513** shares of the Company held by his wife.  Includes 57,537,985** shares of the Company held by RFPS Management Company II, L.P. of which RFA Management Company, LLC ("General Partner"), a Georgia limited liability company, is the general partner, and 3,403,800** shares held by RFT Investment Company, LLC (“RFT”).  The voting interests of the General Partner are held by two revocable trusts, one of which each of Gary or Randall Rollins is the grantor and sole trustee.  LOR, Inc. is the manager of the General Partner and the manager of RFT.  Includes 273,240** shares of common stock in two trusts of which he is Co-Trustee and as to which he shares voting and investment power.   Adjusted to reflect the following three-for-two stock splits:  effective February 10, 2005, paid March 10, 2005; effective October 25, 2005, paid December 12, 2005; and effective November 10, 2006, paid December 11, 2006.
 
**
Mr. Rollins disclaims any beneficial interest in these holdings.
 
***
Includes 172,110 shares of Company Common Stock held as Trustee, Guardian or Custodian.



CUSIP No. 749660 10 6                                                                         Page 4 of 15   

1
Name of Reporting Person  S.S. or I.R.S. Identification No. of Above Person
RFPS Management Company II, L.P.
 
2
Check the Appropriate Box if a Member of a Group
 
(a)x
(b)¨
3
SEC Use Only
 
 
4
Source of Funds
00
 
5
Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
 
¨
6
Citizenship or Place of Organization
United States
 
7
Sole Voting Power
57,537,985*
 
8
Shared Voting Power
0
 
9
Sole Dispositive Power
57,537,985*
 
10
Shared Dispositive Power
0
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person
57,537,985*
 
12
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
 
o
13
Percent of Class Represented by Amount in Row (11)
58.7 percent
 
14
Type of Reporting Person
PN
 

 
*
Adjusted to reflect the three-for-two stock splits:  effective February 10, 2005, paid March 10, 2005; effective October 25, 2005, paid December 12, 2005; and effective November 10, 2006, paid December 11, 2006.



CUSIP No. 749660 10 6                                                                         Page 5 of 15   

1
Name of Reporting Person  S.S. or I.R.S. Identification No. of Above Person
RFA Management Company, LLC
 
2
Check the Appropriate Box if a Member of a Group
 
(a)x
(b)¨
3
SEC Use Only
 
 
4
Source of Funds
00
 
5
Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
 
¨
6
Citizenship or Place of Organization
United States
 
7
 Sole Voting Power
0
 
8
Shared Voting Power
57,537,985*
 
9
Sole Dispositive Power
0
 
10
Shared Dispositive Power
57,537,985*
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person
57,537,985*
 
12
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
 
o
13
Percent of Class Represented by Amount in Row (11)
58.7 percent
 
14
Type of Reporting Person
OO
 

 
*
Includes 57,537,985 shares owned by RFPS Management Company II, L.P. (the “Partnership”).  The reporting person is the general partner of the Partnership.  The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person’s pecuniary interest.  Adjusted to reflect the three-for-two stock split(s):  effective February 10, 2005, paid March 10, 2005; effective October 25, 2005, paid December 12, 2005; and effective November 10, 2006, paid December 11, 2006.




CUSIP No. 749660 10 6                                                                         Page 6 of 15   

1
Name of Reporting Person  S.S. or I.R.S. Identification No. of Above Person
RFPS Investments II, L.P.
 
2
Check the Appropriate Box if a Member of a Group
 
(a)x
(b)¨
3
SEC Use Only
 
 
4
Source of Funds
00
 
5
Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
 
¨
6
Citizenship or Place of Organization
United States
 
7
Sole Voting Power
0
 
8
Shared Voting Power
57,537,985*
 
9
Sole Dispositive Power
0
 
10
Shared Dispositive Power
57,537,985*
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person
57,537,985*
 
12
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
 
o
13
Percent of Class Represented by Amount in Row (11)
58.7 percent
 
14
Type of Reporting Person
PN
 

 
*
Includes 57,537,985 shares owned by RFPS Management Company II, L.P. (the “Partnership”).  The reporting person is a limited partner of the Partnership.  The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person’s pecuniary interest.  Adjusted to reflect the following three-for-two stock splits:  effective February 10, 2005, paid March 10, 2005, October 25, 2005, paid December 12, 2005; and effective November 10, 2006, paid December 11, 2006.
 



 
CUSIP No. 749660 10 6                                                                         Page 7 of 15   
1
Name of Reporting Person  S.S. or I.R.S. Identification No. of Above Person
LOR, Inc.
 
2
Check the Appropriate Box if a Member of a Group
 
(a)x
(b)¨
3
SEC Use Only
 
 
4
Source of Funds
WC, 00, AF
 
5
Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
 
¨
6
Citizenship or Place of Organization
United States
 
7
 Sole Voting Power
0
 
8
Shared Voting Power
60,941,785*
 
9
Sole Dispositive Power
0
 
10
Shared Dispositive Power
60,941,785*
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person
60,941,785*
 
12
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
 
o
13
Percent of Class Represented by Amount in Row (11)
62.2 percent
 
14
Type of Reporting Person
CO
 

 
*
Includes 57,537,985 shares owned by RFPS Management Company II, L.P. (the “Partnership”), and 3,403,800 shares held by RFT Investment Company LLC (“RFT”).  The reporting person is the manager of the General Partner of the Partnership.  The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person’s pecuniary interest.  Adjusted to reflect the following three-for-two stock splits:  effective February 10, 2005, paid March 10, 2005; effective October 25, 2005, paid December 12, 2005; and effective November 10, 2006, paid December 11, 2006.




CUSIP No. 749660 10 6                                                                         Page 8 of 15   

1
Name of Reporting Person  S.S. or I.R.S. Identification No. of Above Person
LOR Investment Company, LLC
 
2
Check the Appropriate Box if a Member of a Group
 
(a)x
(b)¨
3
SEC Use Only
 
 
4
Source of Funds
00
 
5
Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
 
¨
6
Citizenship or Place of Organization
United States
 
7
 Sole Voting Power
0
 
8
Shared Voting Power
57,537,985*
 
9
Sole Dispositive Power
0
 
10
Shared Dispositive Power
57,537,985*
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person
57,537,985*
 
12
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
 
o
13
Percent of Class Represented by Amount in Row (11)
58.7 percent
 
14
Type of Reporting Person
OO
 

 
*
Includes 57,537,985 shares owned by RFPS Management Company II, L.P. (the “Partnership”).  The reporting person is the general partner of the limited partner of the Partnership.  The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person’s pecuniary interest.  Adjusted to reflect the following three-for-two stock splits:  effective February 10, 2005, paid March 10, 2005, effective October 25, 2005, paid December 12, 2005; and effective November 10, 2006, paid December 11, 2006.




 
CUSIP No. 749660 10 6                                                                         Page 9 of 15   
1
Name of Reporting Person  S.S. or I.R.S. Identification No. of Above Person
RFT Investment Company LLC.
 
2
Check the Appropriate Box if a Member of a Group
 
(a)x
(b)¨
3
SEC Use Only
 
 
4
Source of Funds
WC, AF
 
5
Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
 
¨
6
Citizenship or Place of Organization
United States
 
7
Sole Voting Power
3,403,800
 
8
Shared Voting Power
0
 
9
Sole Dispositive Power
3,403,800
 
10
Shared Dispositive Power
0
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person
3,403,800
 
12
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
 
o
13
Percent of Class Represented by Amount in Row (11)
3.5 percent
 
14
Type of Reporting Person
OO
 




 
CUSIP No. 749660 10 6                                                                         Page 10 of 15   
Item 1.                      Security and Issuer

This Amendment No. 5 to Schedule 13D relates to the Common Stock, $.10 par value, of RPC, Inc., a Delaware corporation (the “Company”).  The original Schedule 13D was filed on November 8, 1993 and was amended by Amendment No. 1 filed on March 5, 1996, Amendment No. 2 filed on January 10, 2003, Amendment No. 3 filed on May 1, 2003, Amendment No. 4 filed on October 14, 2003, Amendment No. 5 filed on December 13, 2006, and Amendment No. 6 filed on August 3, 2007 (as amended, the “13D”).  The principal executive office of the Company is located at:

2170 Piedmont Road, N.E.
Atlanta, Georgia 30324


Item 2.                      Identity and Background

1.  
(a)           R. Randall Rollins is a person filing this statement.

(b)           2170 Piedmont Road, N.E., Atlanta, Georgia 30324.


(c)           Chairman of the Board of RPC, Inc., engaged in the business of oil and gas field services, the business address of which is 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.  Chairman of the Board of Marine Products, Inc., engaged in the business of boat manufacturing.  Chairman of the Board and Chief Executive Officer of Rollins, Inc., engaged in the provision of pest-control services, the business address of which is 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.

(d)           None.

(e)           None.

(f)           United States.


2.  
(a)           Gary W. Rollins is a person filing this statement.

(b)           2170 Piedmont Road, N.E., Atlanta, Georgia 30324.

(c)           President and Chief Executive Officer of Rollins, Inc., engaged in the provision of pest-control services, the business address of which is 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.

(d)           None.

                         (e)           None.

 (f)           United States.




CUSIP No. 749660 10 6                                                                         Page 11 of 15   

3.  
(a)           RFPS Management Company II, L.P. is a reporting person filing this statement.

(b)           c/o RFA Management Company, LLC, 2801 Buford Highway N.E., #470, Atlanta, Georgia 30329.

(c)           A Georgia limited partnership.

(d)           None.

                         (e)           None.


4.  
(a)           RFA Management Company, LLC is a reporting person filing this statement.

(b)           RFA Management Company, LLC, 2801 Buford Highway N.E., #470, Atlanta, Georgia 30329.

(c)           A Georgia limited liability company.

(d)           None.

(e)           None.


5.  
(a)           RFPS Investments II, L.P. is a reporting person filing this statement.
 
(b)           c/o RFA Management Company, LLC, 2801 Buford Highway N.E., #470, Atlanta, Georgia 30329.

(c)           A Georgia limited partnership.

(d)           None.

                             (e)           None.


6.  
(a)           LOR, Inc. is a reporting person filing this statement.

(b)           c/o RFA Management Company, 2801 Buford Highway N.E., #470, Atlanta, Georgia 30329.

(c)           A Georgia corporation.

(d)           None.

(e)           None.


7.  
(a)           LOR Investment Company, LLC is a reporting person filing this statement.

(b)           c/o RFA Management Company, 2801 Buford Highway N.E., #470, Atlanta, Georgia 30329

(c)           A Georgia limited liability company.
 
 

 
CUSIP No. 749660 10 6                                                                         Page 12 of 15   

(d)           None.

(e)           None.
 

8.  
(a)           RFT Investment Company LLC is a reporting person filing this statement.

(b)           c/o RFA Management Company, 2801 Buford Highway N.E., #470, Atlanta, Georgia 30329.

(c)           A Georgia limited liability company.

(d)           None.

(e)           None.


Item 3.                      Source and Amount of Funds or Other Consideration

See 13D.  RFT has purchased the following shares in open market purchases:

Date
Shares
Price
8/6/07
217,200
$11.605
8/8/07
87,000
$12.0037
8/13/07
284,200
$13.0613
8/14/07
259,400
$12.8753
8/15/07
200,000
$12.8186
8/16/07
284,200
$12.4148
8/20/07
61,000
$13.2437
8/21/07
131,100
$13.1983
8/23/07
55,800
$13.2065
8/27/07
15,000
$13.25
8/28/07
189,300
$13.1553

RFT used working capital as well as funds advanced from other reporting persons in this 13D. All transactions were effected in Atlanta, Georgia.

Item 4.                      Purpose of Transaction

See 13D and Item 3 above. The shares were acquired for investment purposes.  The reporting persons currently intend to hold the shares for investment. The open market transactions complied with Rule 10b-18 of the Securities and Exchange Commission.

(a)  The reporting persons may make additional open market purchases from time to time.  These purchases may be made through entities controlled by the Reporting Persons, including the other Reporting Persons in this 13D.

(b) - (j)                      None.


 
CUSIP No. 749660 10 6                                                                         Page 13 of 15   
Item 5.                      Interest in Securities of the Issuer

(a)-(b)                      See 13D, and the cover pages to this Amendment.

(c)           See Item 3.

(d)           None.

(e)           Not applicable.

Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

There are no such contracts, arrangements, understandings, or relationships with respect to any securities of the Company, including but not limited to transfer or voting of any of such securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss or the giving or withholding of proxies.

Item 7.                      Material to be Filed as Exhibits

(A)           Agreement of filing persons relating to filing of joint statement per Rule 13d-1(f).





 
CUSIP No. 749660 10 6                                                                         Page 14 of 15   
Signature.

After reasonable inquiry each of the undersigned certifies that to the best of his knowledge and belief the information set forth in this statement is true, complete and correct.

RFPS MANAGEMENT COMPANY II, L.P.

RFT INVESTMENT COMPANY LLC

RFA MANAGEMENT COMPANY, LLC

RFPS INVESTMENTS II, L.P.

LOR INVESTMENT COMPANY, LLC

By:  LOR, Inc., Manager


By:  /s/ Glenn P. Grove, Jr.
       ________________________________________
       Glenn P. Grove, Jr., its:  Assistant Secretary


LOR, INC.


By:  /s/ Glenn P. Grove, Jr.
       ________________________________________
       Glenn P. Grove, Jr., its:  Assistant Secretary



R. RANDALL ROLLINS

GARY W. ROLLINS

By:  /s/ Glenn P. Grove, Jr.
       ________________________________________
    Glenn P. Grove, Jr., attorney-in-fact




 
CUSIP No. 749660 10 6                                                                         Page 15 of 15   

EXHIBIT A


The undersigned each hereby certifies and agrees that the above Amendment to Schedule 13D concerning securities issued by RPC, Inc. is being filed on behalf of each of the undersigned.


RFPS MANAGEMENT COMPANY II, L.P.

RFT INVESTMENT COMPANY LLC

RFA MANAGEMENT COMPANY, LLC

RFPS INVESTMENTS II, L.P.

LOR INVESTMENT COMPANY, LLC

By:  LOR, Inc., Manager

 
 
By:  /s/ Glenn P. Grove, Jr.
       ________________________________________
       Glenn P. Grove, Jr., its:  Assistant Secretary



LOR, INC.


By:  /s/ Glenn P. Grove, Jr.
       ________________________________________
       Glenn P. Grove, Jr., its:  Assistant Secretary



R. RANDALL ROLLINS

GARY W. ROLLINS


By:  /s/ Glenn P. Grove, Jr.
       ________________________________________
    Glenn P. Grove, Jr., attorney-in-fact