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Zurich Insurance Co · 4 · Unum Group · For 1/31/99

Filed On 2/10/99   ·   Accession Number 889812-99-457   ·   SEC File 1-11834

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  As Of                Filer                Filing    For/On/As Docs:Size              Issuer               Agent

 2/10/99  Zurich Insurance Co               4          10% Owner   1:10K  Unum Group                        Global Fin'l Press/NY/FA

Statement of Change in Beneficial Ownership of Securities   —   Form 4
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Change in Beneficial Ownership of         7     20K 
                          Securities                                             

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U.S. 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). 1. Name and Address of Reporting Person* Zurich Insurance Company (Last) (First) (Middle) 2 Mythenquai, CH-8002 (Street) Zurich, Switzerland (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol PROVIDENT COMPANIES, INC. (PVT) 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) 4. Statement for Month/Year 1/99 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 Reporting (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).
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[Enlarge/Download Table] Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 5. Amount of Secu- rities 4. Securities Acquired (A) Bene- 6. Ownership 2. Trans- 3. Trans- or Disposed of (D) ficially Form: action action (Instr. 3, 4 and 5) Owned Direct 7. Nature of Date Code ----------------------------- at End (D) or Indirect (Month/ (Instr. 8) (A) of Month Indirect Beneficial 1. Title of Security Day/ ------------- Amount or Price (Instr. (I) Ownership (Instr. 3) Year) Code V (D) 3 and 4) (Instr. 4) (Instr. 4) ----------------------------- ---------- ------ ----- ------------ --- ---------- ----------- ------------- --------------- Common Stock 1/13/99 S 6,600,000 (D) $39.75 12,447,620* (I)* *
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[Enlarge/Download Table] Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 2. Conver- 5. Number of Deriv- 6. Date Exercisable sion or 3. Trans- ative Securities and Expiration Date Exercise action 4. Transac- Acquired (A) or (Month/Day/Year) Price of Date tion Code Disposed of (D) ---------------------- Deriv- (Month/ (Instr. 8) (Instr. 3, 4, and 5) Date 1. Title of Derivative Security ative Day/ ------------- -------------------------- Exercis- Expiration (Instr. 3) Security Year) Code V (A) (D) able Date ---------------------------------------- ----------- ---------- ------ ----- ------------ ------------ ---------- ---------- 9. Number of 10. Ownership Derivative Form of Securities Derivative 7. Title and Amount of Underlying Benefi- Security: Securities (Instr. 3 and 4) cially Direct 11. Nature of ---------------------------------------- 8. Price of Owned at (D) or Indirect Amount or Derivative End of Indirect Beneficial 1. Title of Derivative Title Number of Security Month (I) Ownership Security (Instr. 3) Shares (Instr. 5) (Instr. 4) (Instr. 4) (Instr. 4) --------------------------- --------------------------- ----------- ------------- ------------- -------------- --------------- Explanation of Responses: * See footnote on attached page. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Steven Germain 2/9/99 --------------------------------------- ----------- **Signature of Reporting Person Date Steven Germain, attorney in fact for Centre Reinsurance Limited and Zurich Reinsurance (North America), Inc. /s/ David A. Bowers 2/9/99 ---------------------------------------- ------------ **Signature of Reporting Person Date David A. Bowers, Executive Vice President of Zurich American Insurance Company and attorney in fact for Zurich Insurance Company, Empire Fire and Marine Insurance Company, Universal Underwriters Insurance Company, Universal Underwriters Life Insurance Company and Fidelity and Deposit Company of Maryland.
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Form 4 (continued) Name of Reporting Person: Zurich Insurance Company Address: 2 Mythenquai, CH-8002 Zurich, Switzerland Issuer and Ticker Symbol: Provident Companies, Inc. (PVT) Statement for Month/Year: 1/99 ----------------------------------- * On January 13, 1999, Zurich Insurance Company ("Zurich Insurance"), Zurich American Insurance Company ("Zurich American"), Centre Reinsurance Limited ("Centre Re"), Zurich Reinsurance (North America), Inc. ("Zurich Re"), Empire Fire and Marine Insurance Company ("Empire"), Universal Underwriters Insurance Company ("Universal Insurance"), Universal Underwriters Life Insurance Company ("Universal Life Insurance"), and Fidelity and Deposit Company of Maryland ("Fidelity" and, together with Zurich American, Centre Re, Zurich Re, Empire, Universal Insurance, and Universal Life Insurance, the "Sellers") sold to Tiger, Puma, The Jaguar Fund N.V., Lion L.P., Ocelot Partners L.P., and Ocelot (Cayman) Ltd. (collectively, the "Purchasers"), pursuant to a Stock Purchase Agreement dated as of January 7, 1999, between the Reporting Persons and the Purchasers (the "Tiger Purchase Agreement"), an aggregate of 6,600,000 shares of Common Stock, at a price of $39.75 per share. Of the 6,600,000 sold by the Sellers pursuant to the Tiger Purchase Agreement, Zurich American sold 989,999 shares; Centre Re sold 4,702,501 shares; Zurich Re sold 247,500 shares; Empire sold 132,000 shares; Universal Insurance sold 264,000 shares; Universal Life Insurance sold 66,000 shares; and Fidelity sold 198,000 shares. Zurich may be deemed the beneficial owner of 12,447,620 shares of Common Stock representing 9.2% of the outstanding shares of Common Stock. 6,098,414 of such shares of Common Stock constitute the aggregate number of shares of Common Stock held for the accounts of the Sellers and the remaining 6,349,206 of such shares of Common Stock constitute the Longfellow Shares (as defined below). Pursuant to a Stock Purchase Agreement (the "Longfellow Purchase Agreement"), dated as of March 27, Page 3 of 6
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1997, between an indirect subsidiary of Zurich and Longfellow I, LLC ("Longfellow"), Longfellow granted Zurich a proxy to vote 6,349,206 shares of Common Stock (the "Longfellow Shares") on all matters on which stockholders of Provident are entitled to vote, subject to certain exceptions and conditions. Neither Zurich nor any of the Sellers has any pecuniary interest in the Longfellow Shares and, therefore, such persons disclaim beneficial ownership thereof. Each of the Sellers are indirect wholly owned subsidiaries of Zurich. Accordingly, Zurich, as the person ultimately in control of the Sellers, may be deemed to beneficially own the Common Stock held for the accounts of the Sellers. Page 4 of 6
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Joint Filer Information Name: Zurich American Insurance Company Address: 1400 American Lane Schaumburg, IL 60196-1056 Designated Filer: Zurich Insurance Company Statement for Month/Year: 1/99 Name: Centre Reinsurance Limited Address: Cumberland House One Victoria Street P.O. Box HM 1788 Hamilton, HM HX, Bermuda Designated Filer: Zurich Insurance Company Issuer and Ticker Symbol: Provident Companies, Inc. (PVT) Statement for Month/Year: 1/99 Name: Zurich Reinsurance (North America), Inc. Address: One Chase Manhattan Plaza 43rd Floor New York, NY 10005 Designated Filer: Zurich Insurance Company Issuer and Ticker Symbol: Provident Companies, Inc. (PVT) Statement for Month/Year: 1/99 Name: Empire Fire and Marine Insurance Company Page 5 of 6
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Address: 13810 FNB Parkway Omaha, NE 68154-5202 Designated Filer: Zurich Insurance Company Issuer and Ticker Symbol: Provident Companies, Inc. (PVT) Statement for Month/Year: 1/99 Name: Universal Underwriters Insurance Company Address: 6363 College Boulevard Overland Park, KS 66211 Designated Filer: Zurich Insurance Company Issuer and Ticker Symbol: Provident Companies, Inc. (PVT) Statement for Month/Year: 1/99 Name: Universal Underwriters Life Insurance Company Address: 6363 College Boulevard Overland Park, KS 66211 Designated Filer: Zurich Insurance Company Issuer and Ticker Symbol: Provident Companies, Inc. (PVT) Statement for Month/Year: 1/99 Name: Fidelity and Deposit Company of Maryland Address: 300 St. Paul Place Baltimore, MD 21202 Designated Filer: Zurich Insurance Company Issuer and Ticker Symbol: Provident Companies, Inc. (PVT) Statement for Month/Year: 1/99 Page 6 of 6

Dates Referenced Herein   and   Documents Incorporated By Reference

Referenced-On Page
This 4 Filing   Date First   Last      Other Filings
1/7/994
1/13/994
For The Period Ended1/31/99
Filed On / Filed As Of2/10/99
 
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Filing Submission 0000889812-99-000457   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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