------------------------------
OMB APPROVAL
------------------------------
OMB Number 3235-0287
Expires: January 31, 2005
Estimated average burden
hours per response ....... 0.5
------------------------------
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(f) of the Investment Company Act of 1940
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
(Print or Type Responses)
================================================================================
1. Name and Address of Reporting Person*
Shell Capital Limited
--------------------------------------------------------------------------------
(Last) (First) (Middle)
Shell Centre
--------------------------------------------------------------------------------
(Street)
London, England SE1 7NA
--------------------------------------------------------------------------------
(City) (State) (Zip)
================================================================================
2. Issuer Name and Ticker or Trading Symbol
Chaparral Resources, Inc. (CHAR)
================================================================================
3. IRS Identification Number of Reporting Person (if an entity) (voluntary)
================================================================================
4. Statement for Month/Year
May, 2002
================================================================================
5. If Amendment, Date of Original (Month/Year)
================================================================================
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] 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
* If the form is filed by more than one reporting person,
see Instruction 4(b)(v).
================================================================================
Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
--------------------------------------------------------------------------------
4.
Securities Acquired (A) or
3. Disposed of (D)
Transaction (Instr. 3, 4 and 5)
2. Code -----------------------------
1. Transaction (Instr. 8) (A)
Title of Security Date ------------ Amount or Price
(Instr. 3) (mm/dd/yy) Code V (D)
------------------------------------------------------------------------------------------------------------------------------------
(1)
------------------------------------------------------------------------------------------------------------------------------------
(2)
------------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Table I (cont.) -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
--------------------------------------------------------------------------------
5. 6. Owner-
Amount of ship
Securities Form: 7.
Beneficially Direct Nature of
Owned at End (D) or Indirect
1. of Month Indirect Beneficial
Title of Security (Instr. 3 (I) Ownership
(Instr. 3) and 4) (Instr.4) (Instr. 4)
------------------------------------------------------------------------------------------------------------------
(1)
------------------------------------------------------------------------------------------------------------------
(2)
------------------------------------------------------------------------------------------------------------------
==================================================================================================================
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
================================================================================
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
--------------------------------------------------------------------------------
6.
Date
5. Exercisable and
2. 4. Number of Derivative Expiration Date
1. Conversion or Transaction Securities Acquired (A) (Month/Day/Year)
Title of Exercise 3. Code or Disposed of (D) ----------------
Derivative Price of Transaction (Instr. 8) (Instr. 3, 4 and 5) Date Expira-
Security Derivative Date (Month/ ------ ----------------------- Exer- tion
(Instr. 3) Security Day/Year) Code V (A) (D) cisable Date
------------------------------------------------------------------------------------------------------------------------------------
(1) Warrants to $9.79 May 7, 2002 J(see 1,785,455 (consisting September September
purchase footnote of shares of common 30, 2001 30, 2006
common stock 1) stock issuable upon
exercise of Warrants)
------------------------------------------------------------------------------------------------------------------------------------
1 The Warrants to purchase common stock were transferred in connection with a transfer of a loan previously extended by Shell
Capital Inc. to the Issuer, all pursuant to the Sale and Purchase Agreement, dated May 3, 2002, between Shell Capital Inc. and
Central Asian Industrial Holdings N.V.
--------------------------------------------------------------------------------
Table II (cont.) -- Derivative Securities Acquired, Disposed of, or Beneficially
Owned (e.g., puts, calls, warrants, options, convertible securities)
--------------------------------------------------------------------------------
7.
Title and Amount
of Underlying 10.
Securities 9. Ownership
(Instr. 3 and 4) Number of Form of
---------------- Derivative Derivative 11.
1. Amount 8. Securities Securities Nature of
Title of or Price of Beneficially Beneficially Indirect
Derivative Number Derivative Owned Owned at Beneficial
Security of Security at End of Month End of Month Ownership
(Instr. 3) Title Shares (Instr. 5) (Instr.4) (Instr. 4) (Instr. 4)
------------------------------------------------------------------------------------------------------------------------------------
(1) Warrants to common stock 1,785,455 0 N/A N/A
purchase
common stock
------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Explanation of Responses:
Shell Capital Limited
By:/s/Roderick Innes Owen June 7, 2002
----------------------------------------- ------------------------
Name: Roderick Innes Owen Date
Title: Attorney in fact
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually
signed. If space is insufficient, see Instruction 6 for procedures.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.
Joint Filer Information
Name: The Shell Petroleum Company Limited
Address: Shell Centre
London SE1 7NA
England
Designated Filer: Shell Capital Limited
Issuer and Ticker
Symbol: Chaparral Resources, Inc. (CHAR)
Date of Event
Requiring filing: May 7, 2002
The Shell Petroleum Company Limited
By:/s/Gordon J. West June 7, 2002
----------------------------------------- ------------------------
Name: Gordon J. West Date
Title: Assistant Company Secretary
**Signature of Reporting Person