-----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, J5t7uXdb+rHl+RKX8dnp54sTOnvKvPEeG20BNM/83l8+I6GWx8ods1k/ojS0y9lw aClHr/5yGKJHip/w2Himbg== 0000909518-04-000147.txt : 20040213 0000909518-04-000147.hdr.sgml : 20040213 20040213154207 ACCESSION NUMBER: 0000909518-04-000147 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20040213 GROUP MEMBERS: CAPITAL Z FINANCIAL SERVICES PRIVATE FUND II, L.P. GROUP MEMBERS: CAPITAL Z PARTNERS, L.P. GROUP MEMBERS: CAPITAL Z PARTNERS, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VESTA INSURANCE GROUP INC CENTRAL INDEX KEY: 0000911576 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 631097283 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-50207 FILM NUMBER: 04598769 BUSINESS ADDRESS: STREET 1: 3760 RIVER RUN DR CITY: BIRMINGHAM STATE: AL ZIP: 35243 BUSINESS PHONE: 2059707000 MAIL ADDRESS: STREET 1: 3760 RIVER RUN DRIVE CITY: BIRMINGHAM STATE: AL ZIP: 35243 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL Z FINANCIAL SERVICES FUND II CENTRAL INDEX KEY: 0001179674 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: SIX INTERNATIONAL DR STREET 2: STE 190 CITY: RYE BROOK STATE: NY ZIP: 10573-1068 SC 13D/A 1 jd2-13_13da.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- AMENDMENT NO. 1 TO SCHEDULE 13D (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) VESTA INSURANCE GROUP, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $0.01 PER SHARE - -------------------------------------------------------------------------------- (Title of Class of Securities) 925391 - -------------------------------------------------------------------------------- (CUSIP Number) Capital Z Management, LLC 54 Thompson Street New York, New York 10012 Attention: David A. Spuria, Esq. (212) 965-0800 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) February 12, 2004 - -------------------------------------------------------------------------------- (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), (f) or (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(b) for other parties to whom copies are to be sent. ========== ======================================================================================================================== 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) CAPITAL Z FINANCIAL SERVICES FUND II, L.P. - ---------- ------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ---------- ------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ---------- ------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS OO - ---------- ------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ---------- ------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION BERMUDA - --------------------------------------------------- --------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 1,656,047 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - --------------------------------------------------- --------- --------------------------------------------------------------------- 8 SHARED VOTING POWER - --------------------------------------------------- --------- --------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,656,047 - --------------------------------------------------- --------- --------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - ---------- ------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,656,047 - ---------- ------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES [ ] - ---------- ------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 4.5% - ---------- ------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON PN - ---------- ------------------------------------------------------------------------------------------------------------------------ ========== ======================================================================================================================== 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) CAPITAL Z FINANCIAL SERVICES PRIVATE FUND II, L.P. - ---------- ------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ---------- ------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ---------- ------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS OO - ---------- ------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ---------- ------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION BERMUDA - --------------------------------------------------- --------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 8,791 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - --------------------------------------------------- --------- --------------------------------------------------------------------- 8 SHARED VOTING POWER - --------------------------------------------------- --------- --------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 8,791 - --------------------------------------------------- --------- --------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - ---------- ------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,791 - ---------- ------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES [ ] - ---------- ------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 .02% - ---------- ------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON PN - ---------- ------------------------------------------------------------------------------------------------------------------------ ========== ======================================================================================================================== 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) CAPITAL Z PARTNERS, L.P.* - ---------- ------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ---------- ------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ---------- ------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS NOT APPLICABLE - ---------- ------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ---------- ------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION BERMUDA - --------------------------------------------------- --------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - --------------------------------------------------- --------- --------------------------------------------------------------------- 8 SHARED VOTING POWER 1,664,838 - --------------------------------------------------- --------- --------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER - --------------------------------------------------- --------- --------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,664,838 - ---------- ------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,664,838 - ---------- ------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES [ ] - ---------- ------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 4.5% - ---------- ------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON PN - ---------- ------------------------------------------------------------------------------------------------------------------------ *Solely in its capacity as the sole general partner of Capital Z Financial Services Fund II, L.P. and Capital Z Financial Services Private Fund II, L.P. ========== ======================================================================================================================== 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) CAPITAL Z PARTNERS, LTD.* - ---------- ------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ---------- ------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ---------- ------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS NOT APPLICABLE - ---------- ------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ---------- ------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION BERMUDA - --------------------------------------------------- --------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - --------------------------------------------------- --------- --------------------------------------------------------------------- 8 SHARED VOTING POWER 1,664,838 - --------------------------------------------------- --------- --------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER - --------------------------------------------------- --------- --------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,664,838 - ---------- ------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,664,838 - ---------- ------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES [ ] - ---------- ------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 4.5% - ---------- ------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON CO - ---------- ------------------------------------------------------------------------------------------------------------------------
* Solely in its capacity as the sole general partner of Capital Z Partners, L.P. ITEM 1. SECURITY AND ISSUER. This Amendment No. 1 to Schedule 13D relates to the common stock, par value $0.01 per share (the "Common Stock"), of Vesta Insurance Group, Inc., a Delaware corporation (the "Company"). The Company's principal executive office is located at 3760 River Run Road, Birmingham, Alabama 35243. ITEM 2. IDENTITY AND BACKGROUND. This Amendment No. 1 to Schedule 13D is being filed jointly on behalf of Capital Z Financial Services Fund II, L.P., a Bermuda limited partnership ("Capital Z Fund II"), Capital Z Financial Services Private Fund II, L.P. ("Capital Z Private Fund II"), Capital Z Partners, L.P., a Bermuda limited partnership ("Capital Z L.P."), and Capital Z Partners, Ltd., a Bermuda corporation ("Capital Z Ltd.", and together with Capital Z Fund II, Capital Z Private Fund II, Capital Z L.P., the "Reporting Persons"). Capital Z Fund II and Capital Z Private Fund II are each limited partnerships that invest in the securities of financial-service companies and related businesses. Capital Z L.P. is a limited partnership which acts as the sole general partner of Capital Z Fund II and Capital Z Private Fund II. Capital Z Ltd. is a corporation which acts as the sole general partner of Capital Z L.P. Information regarding the control persons and executive officers of the Reporting Persons is set forth on Schedule I attached hereto, which Schedule is hereby incorporated by reference. Except as set forth on Schedule I, all such persons are citizens of the United States. The principal business address of each Reporting Person is 54 Thompson Street, New York, New York 10012. None of the entities or persons identified on Schedule I hereto has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). None of the Reporting Persons has been convicted in a criminal proceeding during the last 5 years. None of the entities or persons identified on Schedule I hereto has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. None of the Reporting Persons has, during the last 5 years, been a party to any civil proceeding as a result of which he or it was subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS. No amendments to Item 3 of original Schedule 13D. ITEM 4. PURPOSE OF TRANSACTION. This Amendment No. 1 to Schedule 13D is being filed to report the sale by the Reporting Persons of an aggregate of 1,64,838 shares of the Company's Common Stock in an open market transaction pursuant to Rule 144 of the Securities Act of 1933, as amended. As a consequence of the sales reported in this Amendment No. 1 to Schedule 13D, the Reporting Persons have ceased to be the beneficial owners of more than five percent (5%) of the Company's Common Stock. The Reporting Persons intend to review continuously their position in the Company. Depending upon further evaluations of the business prospects of the Company and upon other developments, including, but not limited to, general economic and business conditions and stock market conditions, the Reporting Persons may retain or from time to time increase their holdings or dispose of all or a portion of their holdings subject to any applicable legal and contractual restrictions on their ability to do so in privately negotiated transactions, open market purchases or otherwise. 6 In addition, the matters set forth in Item 6 below are incorporated in this Item 4 by reference as if fully set forth therein. Except as set forth in this Item 4 (including those matters described in Item 6 below which are incorporated in this Item 4 by reference), the Reporting Persons have no present plans or proposals that relate to or that would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the Securities Exchange Act of 1934, as amended. ITEM 5. INTEREST IN SECURITIES OF ISSUER. (a) - (b) Capital Z Fund II has the sole power to vote and the sole power to dispose of 1,656,047 shares of Common Stock, which is 4.5% of the Common Stock. Capital Z Private Fund II has the sole power to vote and the sole power to dispose of 8,791 shares of Common Stock, which is .02% of the Common Stock. Capital Z L.P. and Capital Z Ltd. may be deemed to beneficially own 1,664,838 shares of Common Stock by virtue of Capital Z Fund II's and Capital Z Private Fund II's ownership of 1,656,047 and 8,791 shares of Common Stock, respectively. Capital Z L.P. and Capital Z Ltd. each have the shared power to vote or direct the vote, and to dispose or to direct the disposition, of such shares. Such shares represent, in the aggregate, approximately 4.5% of the outstanding total Common Stock. All calculations made herein are made in accordance with Rule 13d-3(d) of the Securities Exchange Act of 1934, as amended and based on the number of shares of Common Stock outstanding as of November 12, 2003. (c) Except as set forth herein, none of the Reporting Persons has effected any transactions in shares of Common Stock during the past 60 days. (d) None. (e) February 3, 2004. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. No amendments to Item 6 of the original 13D. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. 1. Joint Filing Agreement, dated February 13, 2004, by and among Capital Z Financial Services Fund II, L.P., Capital Z Financial Services Private Fund II, L.P., Capital Z Partners, L.P., and Capital Z Partners, Ltd. 7 SIGNATURES 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. Date: February 13, 2004 CAPITAL Z FINANCIAL SERVICES FUND II, L.P. By: Capital Z Partners, Ltd., its ultimate general partner By: /s/ David A. Spuria ---------------------------------------- David A. Spuria General Counsel, Vice President of Administration and Secretary CAPITAL Z FINANCIAL SERVICES PRIVATE FUND II, L.P. By: Capital Z Partners, Ltd., its ultimate general partner By: /s/ David A. Spuria ------------------------------------------ David A. Spuria General Counsel, Vice President of Administration and Secretary CAPITAL Z PARTNERS, L.P. By: Capital Z Partners, Ltd., its ultimate general partner By: /s/ David A. Spuria ------------------------------------------ David A. Spuria General Counsel, Vice President of Administration and Secretary CAPITAL Z PARTNERS, LTD. By: Capital Z Partners, Ltd., its ultimate general partner By: /s/ David A. Spuria ------------------------------------------ David A. Spuria General Counsel, Vice President of Administration and Secretary 8 SCHEDULE I ---------- CONTROL PERSONS AND EXECUTIVE OFFICERS OF THE CAPITAL Z REPORTING PERSONS The names, present principal occupations and business addresses of the control persons and executive officers of the Capital Z Reporting Persons are set forth below. The control person's or executive officer's business address is that of the Reporting Person. Each of the named individuals is a citizen of the United States of America, except for Laurence Cheng who is a citizen of Canada. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to Capital Z partners, Ltd. Capital Z Partners, Ltd. is the ultimate general partner and control person of Capital Z Financial Services Fund II, L.P. and Capital Z Financial Services Private Fund II, L.P. Robert A. Spass Chairman of the Board Laurence W. Cheng Chief Executive Officer and Director Bradley E. Cooper Senior Vice President and Director Mark K. Gormley Senior Vice President and Director Scott M. Delman Senior Vice President and Director David A. Spuria General Counsel, Vice President of Administration and Secretary Roland V. Bernardon Chief Financial Officer, Treasurer and Assistant Secretary 9 EX-1 3 jd2-13ex_1.txt EXHIBIT 1 JOINT FILING AGREEMENT This will confirm the agreement by and among all the undersigned that the Amendment No. 1 to Schedule 13D filed on or about this date with respect to the beneficial ownership of the undersigned of shares of common stock, par value $0.01 per share, of Vesta Insurance Group, Inc. is being filed on behalf of each of the undersigned. This agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Dated: February 13, 2004 CAPITAL Z FINANCIAL SERVICES FUND II, L.P. By: Capital Z Partners, Ltd., its ultimate general partner By: /s/ David A. Spuria ---------------------------------------- David A. Spuria General Counsel, Vice President of Administration and Secretary CAPITAL Z FINANCIAL SERVICES PRIVATE FUND II, L.P. By: Capital Z Partners, Ltd., its ultimate general partner By: /s/ David A. Spuria ------------------------------------------ David A. Spuria General Counsel, Vice President of Administration and Secretary CAPITAL Z PARTNERS, L.P. By: Capital Z Partners, Ltd., its ultimate general partner By: /s/ David A. Spuria ------------------------------------------ David A. Spuria General Counsel, Vice President of Administration and Secretary CAPITAL Z PARTNERS, LTD. By: Capital Z Partners, Ltd., its ultimate general partner By: /s/ David A. Spuria ------------------------------------------ David A. Spuria General Counsel, Vice President of Administration and Secretary 10 -----END PRIVACY-ENHANCED MESSAGE-----