-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RUwZcKA/e/x88qM43ELLvNKIu2kd9ELAnvGfBz9QgfUXMWfsdZlDv5/6xvGJONko Gu8Gl0uZigI8nBGy9rmwSA== 0000899140-07-000148.txt : 20070207 0000899140-07-000148.hdr.sgml : 20070207 20070207103526 ACCESSION NUMBER: 0000899140-07-000148 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070207 DATE AS OF CHANGE: 20070207 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST MARBLEHEAD CORP CENTRAL INDEX KEY: 0001262279 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 043295311 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79549 FILM NUMBER: 07586512 BUSINESS ADDRESS: STREET 1: 800 BOYLSTON ST. STREET 2: 34TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199-8157 BUSINESS PHONE: 617 638-2000 MAIL ADDRESS: STREET 1: 800 BOYLSTON ST. STREET 2: 34TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199-8157 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BERKLEY WILLIAM R JR CENTRAL INDEX KEY: 0001236253 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: C/O W R BERKLEY CORP STREET 2: 475 STEAMBOAT RD CITY: GREENWICH STATE: CT ZIP: 06830 SC 13G/A 1 b020607.txt SEVENTH AMENDMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (AMENDMENT NO. 7)* FIRST MARBLEHEAD CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 320771108 - -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2006 - -------------------------------------------------------------------------------- (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 on 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. 32077108 13G Page 2 of 6 Pages - -------------------------------- -------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William R. Berkley - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. - -------------------- ------ ---------------------------------------------------- 5 SOLE VOTING POWER 5,238,149 ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY EACH ------ ---------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 5,238,149 ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,238,149 - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.5% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT Item 1(a) Name of Issuer: -------------- The First Marblehead Corporation (the "Issuer") Item 1(b) Address of Issuer's Principal Executive Offices: ----------------------------------------------- The Prudential Tower 800 Boylston Street, 34th Floor Boston, MA 02199-8157 Items 2(a) Name of Person Filing; Address of Principal Business Office: ----------------------------------------------------------- William R. Berkley ("Berkley") Item 2(b) Address of Principal Business Office or, if None, Residence: ----------------------------------------------------------- The address of Berkley is: 475 Steamboat Road Greenwich, CT 06830 Item 2(c) Citizenship: ----------- For the citizenship of Berkley, see Item 4 of the cover sheet. Item 2(d) Title of Class of Securities: ---------------------------- Common Stock, par value $0.01 per share ("Common Stock") Item 2(e) CUSIP Number: ------------ 320771108 Page 3 of 6 Pages Item 3 If this statement is filed pursuant to ss.ss. 240.13d-1(b) ---------------------------------------------------------- or 240.13d-2(b) or (c), check whether the person is filing ---------------------------------------------------------- as a: ---- Not Applicable Item 4. Ownership: --------- (a) Amount beneficially owned: As of December 31, 2006, (i) Berkley owned directly 4,038,941 shares of Common Stock, options to purchase 16,000 shares of Common Stock, which options are currently exercisable and 2,000 stock units issued under the Issuer's 2003 director stock plan, (ii) Berkley Peninsula LLC owned 375,000 shares of Common Stock, (iii) The Berkley Family Foundation, Inc. ("The Berkley Foundation") owned 356,208 shares of Common Stock and (iv) the William R. Berkley Grantor Retained Annuity Trust (the "GRAT") owned 450,000 shares of Common Stock. Berkley is the Managing Director and sole owner of Berkley Peninsula LLC and may be deemed to be the beneficial owner of the shares of Common Stock held by Berkley Peninsula LLC. Berkley is the President of The Berkley Foundation and may be deemed to be the beneficial owner of the shares of Common Stock held by The Berkley Foundation. Berkley is the trustee of the GRAT and may be deemed to be the beneficial owner of the shares of Common Stock held by the GRAT. Berkley disclaims beneficial ownership of all shares of Common Stock owned by The Berkley Foundation and by the GRAT except, in each case, to the extent of any indirect pecuniary interest therein. Page 4 of 6 Pages (b) Percent of class Based upon 94,591,522 shares of Common Stock outstanding, as reported in the Issuer's Form 8-K filed on January 25, 2007, Berkley is deemed to hold 5.5% of the Issuer's outstanding Common Stock. (c) Number of shares as to which the person has: William R. Berkley: 5,238,149 shares with sole power to vote or to direct the vote; 0 shares with shared power to vote or to direct the vote; 5,238,149 shares with sole power to dispose of or to direct the disposition of; 0 shares with shared power to dispose of or to direct the disposition of Item 5 Ownership of Five Percent or Less of a Class: -------------------------------------------- N/A 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 Group: ------------------------------ N/A Item 10 Certification: ------------- N/A Page 5 of 6 Pages SIGNATURE --------- After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: February 7, 2007 By: /s/ Willaim R. Berkley -------------------------------------- WILLIAM R. BERKLEY Date: February 7, 2007 Page 6 of 6 Pages -----END PRIVACY-ENHANCED MESSAGE-----