-----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, WnC2oovgR6lRq/M0Ohdj+JXeuwUjhdeXNFPKku1IoW88i6nm7r/Nl6A1dXfy4zQ0 f4lsPbNnW936Zh31UwI7cg== 0000950148-02-001077.txt : 20020422 0000950148-02-001077.hdr.sgml : 20020422 ACCESSION NUMBER: 0000950148-02-001077 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020422 GROUP MEMBERS: AMERICAN ASSETS, INC. GROUP MEMBERS: AVRETT ENTERPRISES, LTD. GROUP MEMBERS: CANPAC ENTERPRISES, LTD. GROUP MEMBERS: DHM TRUST GROUP MEMBERS: EVELYN SHIRLEY RADY AND EVELYN SHIRLEY RADY TRUST GROUP MEMBERS: EXPLORER INSURANCE COMPANY GROUP MEMBERS: INSURANCE COMPANY OF THE WEST GROUP MEMBERS: MEMRAD HOLDINGS, INC. GROUP MEMBERS: SILPIT INDUSTRIES CO., LTD. GROUP MEMBERS: WESTERN INSURANCE HOLDINGS, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WESTCORP /CA/ CENTRAL INDEX KEY: 0000813461 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 510308535 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40199 FILM NUMBER: 02617146 BUSINESS ADDRESS: STREET 1: 23 PASTEUR RD CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: 7147271000 MAIL ADDRESS: STREET 1: 23 PASTEUR RD CITY: IRVINE STATE: CA ZIP: 92718 FORMER COMPANY: FORMER CONFORMED NAME: WESTCORP INC DATE OF NAME CHANGE: 19900917 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RADY ERNEST S ET AL CENTRAL INDEX KEY: 0001008243 IRS NUMBER: 545900349 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 8144 PRESTWICK DR CITY: LA JOLLA STATE: CA ZIP: 92037 BUSINESS PHONE: 6193502600 MAIL ADDRESS: STREET 1: 8144 PRESTWICK DR CITY: LA JOLLA STATE: CA ZIP: 92037 SC 13D/A 1 v80684asc13da.txt SCHEDULE 13D AMENDMENT NO. 15 SCHEDULE 13D/A (RULE 13d-101) Information to be Included in Statements Filed Pursuant to Rule 13d-1(a) and Amendments Thereto Filed Pursuant to Rule 13d-2(a) SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Under the Securities Exchange Act of 1934 (Amendment No. 15)* WESTCORP _______________________________________________________________________________ (Name of Issuer) Common Stock, $1.00 Par Value _______________________________________________________________________________ (Title of Class of Securities) 957907108 _______________________________________________________________________________ (CUSIP Number) ERNEST S. RADY Chairman and Chief Executive Officer 23 Pasteur Irvine, California 92618 _______________________________________________________________________________ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 4, 2002 _______________________________________________________________________________ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ]. Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. *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 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. 957907108 13D Page 2 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ERNEST S. RADY AND ERNEST S. RADY TRUST Social Security No. ###-##-#### - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* PF - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 68.63% (based on 39,097,791 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* OO + IN ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 957907108 13D Page 3 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON EVELYN SHIRLEY RADY AND EVELYN SHIRLEY RADY TRUST Social Security No. ###-##-#### - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* PF - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 68.63% (based on 39,097,791 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* OO + IN ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 957907108 13D Page 4 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AVRETT ENTERPRISES, LTD. I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation) - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CANADA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 68.63% (based on 39,097,791 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* CO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 957907108 13D Page 5 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SILPIT INDUSTRIES CO., LTD. I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation) - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CANADA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 68.63% (based on 39,097,791 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* CO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 957907108 13D Page 6 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MEMRAD HOLDINGS, LTD. I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation) - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CANADA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 68.63% (based on 39,097,791 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* CO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 957907108 13D Page 7 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AMERICAN ASSETS, INC. I.R.S. ID NO. 95-249-3347 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 68.63% (based on 39,097,791 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* CO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 957907108 13D Page 8 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CANPAC ENTERPRISES, LTD. I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation) - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CANADA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 68.63% (based on 39,097,791 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* CO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 957907108 13D Page 9 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WESTERN INSURANCE HOLDINGS, INC. I.R.S. ID NO. 95-2890041 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 68.63% (based on 39,097,791 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* IC ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 957907108 13D Page 10 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON INSURANCE COMPANY OF THE WEST I.R.S. ID NO. 95-2769232 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 68.63% (based on 39,097,791 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* IC ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 957907108 13D Page 11 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON EXPLORER INSURANCE COMPANY I.R.S. ID NO. 94-2784519 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION ARIZONA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 68.63% (based on 39,097,791 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* IC ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 957907108 13D Page 12 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DHM Trust I.R.S. ID NO. 33-6003176 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* PF - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CANADA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 68.63% (based on 39,097,791 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* OO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1. Security and Issuer. Common Stock, $1.00 par value WESTCORP 23 Pasteur Road Irvine, CA 92618 Item 2. Identity and Background. ERNEST S. RADY AND ERNEST S. RADY TRUST (a) Ernest S. Rady and Ernest S. Rady, Trustee Mr. Rady's address is: 8144 Prestwick Drive La Jolla, CA 92037 (b) The Trust's principal business address is: 11455 El Camino Real, Suite 200 San Diego, CA 92130-2045 Attn: Ernest S. Rady, Trustee (c) Mr. Rady, the Trustee of the above referenced trust is the Chairman, President and Chief Executive Officer of the Issuer and is an executive officer and/or director of many of the reporting parties included in this Schedule 13D. (d) Current conviction during the last five years: None (e) Securities laws proceedings: None. (f) Citizenship: CANADA EVELYN SHIRLEY RADY AND EVELYN SHIRLEY RADY TRUST (a) Evelyn Shirley Rady and Ernest S. Rady, Trustee Mrs. Rady's address is: 8144 Prestwick Drive La Jolla, CA 92037 (b) The Trust's principal business address is: 11455 El Camino Real, Suite 200 San Diego, CA 92130-2045 Attn: Ernest S. Rady, Trustee (c) Mr. Rady, the Trustee of the above referenced trust is the Chairman, President and Chief Executive Officer of the Issuer and is an executive officer and/or director of many of the reporting parties included in this Schedule 13D. (d) Current conviction during the last five years: None (e) Securities laws proceedings: None (f) Citizenship: CANADA Page 13 of 27 Pages AVRETT ENTERPRISES, LTD. (a) Avrett Enterprises, Ltd. (b) The principal business address is: Avrett Enterprises, Ltd. 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 (c) Current securities conviction during the last five years: None (d) Securities Laws proceedings: None (e) Canadian corporation. SILPIT INDUSTRIES CO., LTD. (a) Silpit Industries Co., Ltd. (b) The principal business address is: Silpit Industries Co., Ltd. 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 (c) Current securities conviction during the last five years: None (d) Securities Laws proceedings: None (e) California corporation. MEMRAD HOLDINGS, LTD. (a) Memrad Holdings, Ltd. (b) The principal business address is: Memrad Holdings, Ltd. 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3 (c) Current securities conviction during the last five years: None (d) Securities Laws proceedings: None (e) Canadian corporation. AMERICAN ASSETS, INC. (a) American Assets, Inc. (b) The principal business address is: American Assets, Inc. 11455 El Camino Real San Diego, California 92130-2045 (c) Current securities conviction during the last five years: None (d) Securities Laws proceedings: None (e) California corporation. Page 14 of 27 Pages CANPAC ENTERPRISES, LTD. (a) Canpac Enterprises, Ltd. (b) The principal business address is: Canpac Enterprises, Ltd. 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 (c) Current securities conviction during the last five years: None (d) Securities Laws proceedings: None (e) Canadian corporation. WESTERN INSURANCE HOLDINGS, INC. (a) Western Insurance Holdings, Inc. (b) The principal business address is: Western Insurance Holdings, Inc. 11455 El Camino Real San Diego, California 92130-2045 (c) Current securities conviction during the last five years: None (d) Securities Laws proceedings: None (e) California corporation. INSURANCE COMPANY OF THE WEST (a) Insurance Company of the West (b) The principal business address is: Insurance Company of the West 11455 El Camino Real San Diego, California 92130-2045 (c) Current securities conviction during the last five years: None (d) Securities Laws proceedings: None (e) California corporation. EXPLORER INSURANCE COMPANY (a) Explorer Insurance Company (b) The principal business address is: Explorer Insurance Company 11455 El Camino Real San Diego, California 92130-2045 (c) Current securities conviction during the last five years: None (d) Securities Laws proceedings: None (e) Arizona corporation. DHM TRUST (a) DHM Trust, Ernest S. Rady, Trustee Mr. Rady's address is: 8144 Prestwick Drive La Jolla, CA 92037 (b) The Trust's principal business address is: 11455 El Camino Real San Diego, CA 92130-2045 Attn: Ernest S. Rady, Trustee (c) Mr. Rady, the Trustee of the above referenced trust is the Chairman, President and Chief Executive Officer of the Issuer and is an executive officer and/or director of many of the reporting parties included in the Schedule 13D. (d) Current conviction during last five years: None (e) Securities laws proceedings: None (f) Citizenship: Canada Identification of Members of the Group Ernest Rady (a) Ernest Rady The Ernest S. Rady Trust (a) Ernest S. Rady, Trustee Page 15 of 27 Pages The Evelyn Shirley Rady Trust (a) Ernest S. Rady, Trustee Avrett Enterprises, Ltd. (a) Avrett Enterprises, Ltd.
Names and Addresses of Officers and Directors as of March 4, 2002 Title --------------------------------- ----- Sylvia Silverberg President, Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 Evelyn Rady Vice President, Director 8144 Prestwick Drive La Jolla, CA 92037 Ernest S. Rady Vice President 8144 Prestwick Drive La Jolla, CA 92037 Nora Kaufman Secretary, Treasurer, Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7
Silpit Industries Co., Ltd.
Names and Addresses of Officers and Directors as of March 4, 2002 Title --------------------------------- ----- (a) Silpit Industries Co., Ltd. David S. Kaufman President, Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 Nora Kaufman Secretary, Treasurer, Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7
Page 16 of 27 Pages Evelyn Rady Director 8144 Prestwick Drive La Jolla, CA 92037 Sylvia Silverberg Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 Allan Kaufman Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7
Memrad Holdings, Ltd.
Names and Addresses of Officers and Directors as of March 4, 2002 Title --------------------------------- ----- (a) Memrad Holdings, Ltd. Ernest S. Rady President, Director 8144 Prestwick Drive La Jolla, CA 92037 Marjorie Blankstein Treasurer, Director 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3 Morley Blankstein Vice President 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3 Mindel Olenick Assistant Secretary, 903-213 Notre Dame Avenue Director Winnipeg, Manitoba Canada R3B 1N3 Thomas Z. Olenick Vice President 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3
Page 17 of 27 Pages Brian Hirsch Secretary 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3 American Assets, Inc. (a) American Assets, Inc., a California corporation
Names and Addresses of Officers and Directors as of March 4, 2002 Title --------------------------------- ----- Ernest S. Rady Chairman of the Board, President 11455 El Camino Real San Diego, CA 92130 Harry M. Rady Director 11455 El Camino Real San Diego, CA 92130-2045 Bernard M. Feldman Director 11455 El Camino Real San Diego, CA 92130-2045 John J. Chamberlain Chief Executive Officer, Senior 11455 El Camino Real Executive Vice President San Diego, CA 92130-2045 Allen Garrett Executive Vice President, Chief 11455 El Camino Real Operating Officer San Diego, CA 92130-2045 James R. Cronemeyer Executive Vice President, 11455 El Camino Real Residential Properties San Diego, CA 92130-2045 James Roherty Vice President - Construction 11455 El Camino Real San Diego, CA 92130-2045 Robert F. Barton Vice President, Chief Financial 11455 El Camino Real Officer & Secretary San Diego, CA 92130-2045
Page 18 of 27 Pages Canpac Enterprises, Ltd. (a) Canpac Enterprises, Ltd.
Names and Addresses of Officers and Directors as of March 4, 2002 Title --------------------------------- ----- Ernest S. Rady President, Director 8144 Prestwick Drive La Jolla, CA 92037 Brian Hirsch Secretary, Treasurer, Director 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3 David S. Kaufman Director 11455 El Camino Real #200 San Diego, CA 92130-2045
Western Insurance Holdings, Inc.
Names and Addresses of Officers and Directors as of March 4, 2002 Title --------------------------------- ----- (a) Western Insurance Holdings, Inc. Ernest S. Rady Chairman of the Board, President 11455 El Camino Real San Diego, CA 92130-2045 Bernard M. Feldman Director 11455 El Camino Real San Diego, CA 92130-2045 H. Michael Freet Senior Vice President, Treasurer, 11455 El Camino Real Director San Diego, CA 92130-2045 James W. Austin III Secretary 11455 El Camino Real San Diego, CA 92130-2045 Mary E. Cannon Assistant Secretary 11455 El Camino Real San Diego, CA 92130-2045
Page 19 of 27 Pages Insurance Company of the West (a) Insurance Company of the West
Names and Addresses of Officers and Directors as of March 4, 2002 Title --------------------------------- ----- Ernest S. Rady Chairman of the Board, 11455 El Camino Real President, Director San Diego, CA 92130-2045 Bernard M. Feldman Director 11455 El Camino Real San Diego, CA 92130-2045 Richard S. King Director 11455 El Camino Real San Diego, CA 92130-2045 Arne D. Wagner Director 11455 El Camino Real #200 San Diego, CA 92130-2045 Bruce N. Moore Director 11455 El Camino Real San Diego, CA 92130-2045 James B. Rathbun Director 11455 El Camino Real San Diego, CA 92130-2045 Charles E. Scribner Director 11455 El Camino Real #200 San Diego, CA 92130-2045 Fredericka Taubitz Director 11455 El Camino Real #200 San Diego, CA 92130-2045 H. Michael Freet Senior Vice President, Treasurer 11455 El Camino Real San Diego, CA 92130-2045 John L. Hannum Executive Vice President 11455 El Camino Real San Diego, CA 92130-2045 Kevin M. Prior Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045
Page 20 of 27 Pages James A. Currie Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045 Rory Read Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045 James W. Austin III Senior Vice President, Secretary and 11455 El Camino Real General Counsel San Diego, CA 92130-2045 Gene P. Irizarry Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045 Leslie M. Obayashi Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045 Dennis E. Osgood Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045
Page 21 of 27 Pages Explorer Insurance Company (a) Explorer Insurance Company
Names and Addresses of Officers and Directors as of March 4, 2002 Title --------------------------------- ----- Ernest S. Rady Chairman of the Board, President, Director 11455 Camino Real San Diego, CA 92130-2045 Bernard M. Feldman Director 11455 El Camino Real San Diego, CA 92130-2045 Frederick Bernard Tisovic Executive Vice President, Director 11455 El Camino Real San Diego, CA 92130-2045 James W. Austin III Director 11455 El Camino Real San Diego, CA 92130-2045 H. Michael Freet Senior Vice President, Treasurer, Director 11455 El Camino Real San Diego, CA 92130-2045 John L. Hannum Executive Vice President 11455 El Camino Real San Diego, CA 92130-2045
Page 22 of 27 Pages DHM Trust (a) Ernest S. Rady Trustee
DHM TRUST (a) DHM Trust
Names and Addresses of Officers and Directors as of March 4, 2002 Title --------------------------------- ----- Ernest S. Rady Trustee 8144 Prestwick Drive La Jolla, CA 92037
Item 3. Source and Amount of Funds and Other Consideration. The consideration paid for the securities purchased was cash from working capital. Item 4. Purpose of Transaction. Investment. Item 5. Interest in Securities of the Issuer. This filing is for the cumulative share holdings of an affiliated group as of the close of business on March 4, 2002. The various entities named in this Schedule 13D directly or indirectly collectively owned, as of such date, 26,836,458 outstanding shares of Common Stock of the Issuer, representing 68.63% of the outstanding shares of Common Stock of the Issuer. At this date, there are 92,492 options exercisable by members of the affiliated group within 60 days. Exhibit A attached hereto and incorporated by this reference herein depicts the relationship among the various affiliated companies in the "Rady" group. There is no formal agreement to vote or dispose of the shares of the issuer in a particular manner. The dispositive and voting power of each of the trusts and companies shown on Exhibit A is made independent of each other, except to the extent that Mr. and Mrs. Rady may be shareholders, officers and/or directors of the various companies and in that respect are able to control the disposition and voting of the shares of the Issuer owned by each such company. Page 23 of 27 Pages Item 5. (continued) The following securities transactions occurred in the sixty (60) day period preceding March 4, 2002:
Date No. Shares Purchaser Price - ----------------- ---------- --------------------- -------- February 20, 2002 2,000 Ernest S. Rady Trust $17.11 February 28, 2002 29,818 Ernest S. Rady Trust $16.55 February 28, 2002 9,282 DHM Trust $16.55 March 1, 2002 2,900 DHM Trust $16.60 March 12, 2002 17,200 DHM Trust $20.15 March 14, 2002 4,000 DHM Trust $20.50 March 4, 2002 596,360 American Assets, Inc. $15.75 March 4, 2002 1,584,135 Ernest S. Rady Trust $15.75 March 4, 2002 23,396 Evelyn S. Rady Trust $15.75 March 4, 2002 148,733 DHM Trust $15.75
All shares purchased on March 4, 2002 were acquired upon exercise of subscription rights distributed to all shareholders of Westcorp on a pro rata basis pursuant to Issuer's registered rights offering as detailed in its prospectus dated February 12, 2002. Due to allocations which had to be made by the transfer and subscription agent as a result of offers to purchase more shares than were available in the offering, the members of the Rady Group were not aware of the actual number of shares that they were permitted to purchase until significantly after the March 4, 2002 effective date of acquisition. Additional shares may be allocated to Mr. Rady from those shares acquired by the Westcorp Employee Stock Ownership and Salary Savings Plan (the "Plan") on March 4, 2002 as a result of the Plan's exercise of subscription rights held by the Plan. As of the date of this Amendment, the amount of shares, if any, allocated to Mr. Rady are not known. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. SEE DISCUSSION UNDER ITEM 5 ABOVE Additionally, pursuant to the provisions of the Ernest S. Rady Trust, the Evelyn S. Rady Trust and the DHM Trust, Ernest S. Rady, as trustee, has the power to sell, buy, retain, invest and reinvest the trusts' assets, which include the shares of the Issuer's Common Stock. Item 7. Material to be Filed as Exhibits. Exhibit "A", Holding Company Structure, Westcorp, March 2002. Page 24 of 27 Pages 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. Ernest Rady Dated: April 22, 2002 /s/ ERNEST RADY -------------------------------------- Ernest Rady Ernest S. Rady Trust Dated: April 22, 2002 /s/ ERNEST S. RADY -------------------------------------- Ernest S. Rady, Trustee Evelyn Shirley Rady Trust Dated: April 22, 2002 /s/ ERNEST S. RADY -------------------------------------- Ernest S. Rady, Trustee American Assets, Inc. Dated: April 22, 2002 By: /s/ ERNEST S. RADY ---------------------------------- Ernest S. Rady, Chairman Avrett Enterprises, Ltd. Dated: April 22, 2002 By: /s/ ERNEST S. RADY ----------------------------------- Ernest S. Rady, Vice President Canpac Enterprises, Ltd. Dated: April 22, 2002 By: /s/ ERNEST S. RADY ---------------------------------- Ernest S. Rady, President Insurance Company of the West Dated: April 22, 2002 By: /s/ ERNEST S. RADY ---------------------------------- Ernest S. Rady, Chairman Page 25 of 27 Pages Memrad Holdings, Ltd. Dated: April 22, 2002 By: /s/ ERNEST S. RADY ----------------------------------- Ernest S. Rady, President Silpit Industries Co., Ltd. Dated: April 22, 2002 By: /s/ ERNEST S. RADY ----------------------------------- Ernest S. Rady, Chairman Western Insurance Holdings, Inc. Dated: April 22, 2002 By: /s/ ERNEST S. RADY ----------------------------------- Ernest S. Rady, Chairman Explorer Insurance Inc. Dated: April 22, 2002 By: /s/ ERNEST S. RADY ----------------------------------- Ernest S. Rady, Chairman DHM Trust Dated: April 22, 2002 By: /s/ ERNEST S. RADY ----------------------------------- Ernest S. Rady, Trustee Ernest S. Rady Dated: April 22, 2002 By: /s/ ERNEST S. RADY ----------------------------------- Ernest S. Rady Evelyn Shirley Rady Dated: April 22, 2002 By: /s/ EVELYN SHIRLEY RADY ----------------------------------- Evelyn Shirley Rady
Page 26 of 27 Pages EXHIBIT A ORGANIZATIONAL CHART OF RADY ENTITIES BENEFICIALLY HOLDING SHARES IN WESTCORP AS OF MARCH 4, 2002 ----------------- ----------------- - -----------ERNEST RADY TRUST----------- /------EVELYN RADY TRUST------- / --- ---- / / ------/----------- / / ----------------- / / / ----------------- / / / / / / / / / / / / / / 47.00% / 7.66%/ / / 50% / / / / / / / / / / / / / ---------------------/ / / ------------------------ / / / / MEMRAD HOLDINGS, LTD./ / / AVRETT ENTERPRISES, LTD.------ / / / ---------------------/ / / ------------------------ / / / / / / / / /25.9% / / / / / / / 62.46% / / / / / / / / / / / / / 35.9% / / / / / / / / / / / / / / / / / / / --------------------------2.17% / / 10.58% / / / /---SILPIT INDUSTRIES CO. LTD.-- / / / / / / / -------------------------- / / / / / / / / 25.36% / / / / / / / ------------------------ / / / / /56.61% -------/------------CANPAC ENTERPRISES, LTD.---- / / / / / ------------------------ / /10.57% / / / / / / / / -----------------------/------ / / / / --------------------- / / / / / -------AMERICAN ASSETS, INC.-- 16.7%-------- / / / ---------------- / / / --------------------- / / / / / 83.35% / / / ------------------ -------------------------- / 0.70% / / / / / / /51.36% --------------------- / / -----------------------------------------------WESTERN INS. HOLDINGS / / / / --------------------- / / / / / / / /.73% / / 100% / / / / / / / / / ------------------------- / / / / ---------------------------------INSURANCE CO. OF THE WEST / / --------- / / ------------------------- / / DHM Trust-/ / /4.81% / / / / / / / 100% / / --------- / / / / / / / / / ---------------------- / / 1.12% / / / ---------- 0.07% ----------------EXPLORER INSURANCE CO. / / / / / / ---------------------- / / / / / / / / ----------------- / - --------------WESTCORP----------------------------------------------------------------- ----------------- / / 100% / ----------------- WESTERN FINANCIAL BANK -----------------
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