UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Mercer International Inc. ------------------------------------------------------------------------------- (Name of Issuer) Common Stock ------------------------------------------------------------------------------- (Title of Class of Securities) 588056101 ------------------------------------------------------------------------------ (CUSIP Number) Peter R Kellogg 120 Broadway 6TH fLOOR New York, New York, 10271 (212) 433-7070 ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 26,2003 ------------------------------------------------------------------------------- (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) [ X] Rule 13d-1(c) [ ] Rule 13d-1(d) CUSIP NO. 872625108 ------------------------------------------------------------------- NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Peter R Kellogg ------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (a) [_] (b) [_] --------------------------------------------------------- SEC USE ONLY 3 ---------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 4 New York ----------------------------------------------------------------- SOLE VOTING POWER 5 NUMBER OF 83,900 SHARES ------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 809,400 ------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 83,900 PERSON ---------------------------------------- SHARED DISPOSITIVE POWER WITH: 8 809,400 ---------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 893,300 --------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN 10 SHARES (SEE INSTRUCTIONS) [_] --------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 5.29% ----------------------------------------------------------------------- TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 IN -------------------------------------------------------------------------------- Item 1. (a) Name of Issuer Mercer International Inc (b) Address of Issuer's Principal Executive Offices Brndschentre STR64 Zurich Switzerland C V6 Item 2. (a) Name of Person Filing Peter R Kellogg (b) Address of Principal Business Office or, if none, Residence 120 Broadway, 6th floor New York, NY 10271 (c) Citizenship U.S.A. (d) Title of Class of Securities Common Stock (e) CUSIP Number 588056101 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ Broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act. (e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership. (a) Amount beneficially owned:893,300 (b) Percent of class:5.29% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 83,900 (ii) Shared power to vote or to direct the vote - 809,400 (iii)Sole power to dispose or to direct the disposition of 83,900 (iv) Shared power to dispose or to direct the disposition of - 809,400 Item 5. Ownership of Five Percent or Less of a Class. ONE CLSS OF STOCK 5.29% Item 6. Ownership of More than Five Percent on Behalf of Another Person. N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. N/A Item 8. Identification and Classification of Members of the Group. N/A Item 9. Notice of Dissolution of a Group. Not applicable. Item 10. Certification. 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. APRIL 04, 2003 ---------------------------------- Date Peter R Kellogg ---------------------------------- _____________________________________________________