SEC Info - Zurich Insurance Co. - ‘4’ for 1/31/99 re: Unum Group

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Zurich Insurance Co. – ‘4’ for 1/31/99 re: Unum Group

As of: Wednesday, 2/10/99 · For: 1/31/99 · Accession #: 889812-99-457 · File #: 1-11834

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

 2/10/99  Zurich Insurance Co.              4          10% Owner   1:10K  Provident Companies Inc./TN       Global Fin’l Press/NY/FA

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents

Document/Exhibit Description Pages Size

1: 4 Statement of Changes in Beneficial Ownership of 7 18K
Securities by an Insider

4 1st Page of 7 TOC ↑Top Previous Next ↓Bottom Just 1st
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).

4 2nd Page of 7 TOC 1st Previous Next ↓Bottom Just 2nd
[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.

4 4th Page of 7 TOC 1st Previous Next ↓Bottom Just 4th
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

4 5th Page of 7 TOC 1st Previous Next ↓Bottom Just 5th
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

4 6th Page of 7 TOC 1st Previous Next ↓Bottom Just 6th
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

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Dates Referenced Herein

		Referenced-On Page
This ‘4’ Filing	Date	First	Last	Other Filings

Filed on:	2/10/99			None on these Dates
For Period end:	1/31/99
	1/13/99	4
	1/7/99	4
				List all Filings

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Filing Submission 0000889812-99-000457 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Zurich Insurance Co. – ‘4’ for 1/31/99 re: Unum Group

As of: Wednesday, 2/10/99 · For: 1/31/99 · Accession #: 889812-99-457 · File #: 1-11834

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

Dates Referenced Herein

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents