UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

 

(Amendment No. 2)

 

Gulf Island Fabrication, Inc.

(Name of Issuer)

 

Common Stock, no par value

(Title of Class of Securities)

 

         402307102         

(CUSIP Number)

 

                          December 31, 2002                          

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[ ] Rule 13d-1(b)

[ ] Rule 13d-1(c)

[x] Rule 13d-1(d)

*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 the disclosures provided in a prior cover page.

The information required in 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. 402307102

 

1)

 


 

 

Name of Reporting Person 

I.R.S. Identification No. of Above Person (entities only)

 

 

Huey J. Wilson 

 

2)

 


 

  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)     

(b)   

 

 

_____

_____

 

 

3)

 


 

 

SEC Use Only

 

 

4)

 


 

 

Citizenship or Place of Organization

 

United States of America

 

Number of

 

Shares

 

Beneficially

 

Owned by

 

Each Reporting

 

Person With

 

  

5)

 

 

Sole Voting Power

 

2,057,000 shares
 

6)

 

 

Shared Voting Power

 

150,000 shares*
 

7)

 

 

Sole Dispositive Power

 

2,057,000 shares
 

8)

 

 

Shared Dispositive Power

 

150,000 shares*

 

 

9)

 


 

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,207,000 shares*

 

10)

 


 

 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

_____

 

11)

 


 

 

Percent of Class Represented by Amount in Row (9)

 

18.8% 

 

12)

 


 

 

Type of Reporting Person (See Instructions)

 

IN

____________________

* The Reporting Person disclaims beneficial ownership of 150,000 shares held by a foundation of which he is a trustee.

Item 1(a)

Name of Issuer:

 

 

 
   

Gulf Island Fabrication, Inc.
     
Item 1(b) Address of Issuer's Principal Executive Offices:
     
   

583 Thompson Road

Houma, Louisiana 70363
     
Item 2(a) Name of Person Filing:
     
    Huey J. Wilson
     
Item 2(b) Address of Principal Business Office:
     
   

3636 S. Sherwood Forest Boulevard

Suite 650

Baton Rouge, Louisiana 70816
     
Item 2(c) Citizenship:  
     
    United States
     
Item 2(d) Title of Class of Securities:
     
    Common Stock, no par value
     
Item 2(e) CUSIP Number:
     
    402307102
     
Item 3.  If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:
     
  (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
     
  (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
     
  (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
     
  (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
     
  (e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
     
  (f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
     
  (g) [ ]

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
     
  (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
     
  (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
     
  (j) [ ] Group, in accordance with § 240.13d-1(b)(1)(ii)(J).
     
Item 4. Ownership:
     
  (a) Amount Beneficially Owned

2,207,000 shares*
     

 
  (b) Percent of Class

18.8%
     

 
  (c) Number of shares as to which such person has:

 
     

 

 

 

(i)

sole power to vote or to

direct the vote

2,057,000 shares
         

 

 

(ii)

shared power to vote or to

direct the vote

150,000 shares*
         

 

 

(iii)

sole power to dispose or to direct

the disposition of

2,057,000 shares
         

 

 

(iv)

shared power to dispose or to

direct the disposition of

150,000 shares*
         

 

 ___________________

* The Reporting Person disclaims beneficial ownership of 150,000 shares held by a foundation of which he is a trustee.

 

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [  ] .
   
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
   
  The Huey and Angelina Wilson Foundation (a non-profit charitable foundation) has the right to receive dividends from, and proceeds from the sale of, 150,000 shares owned by it with respect to which Mr. Wilson shares voting and investment power.
   
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person:
   
  Not applicable.
   
Item 8. Identification and Classification of Members of the Group:
   
  Not applicable.
   
Item 9. Notice of Dissolution of Group:
   
  Not applicable.
   
Item 10. Certifications:
   
  Not applicable.

 

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 as of December 31, 2002.

 

 

May 21, 2004

  

By:

/s/ Huey J. Wilson

Date

    

Huey J. Wilson