-----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, EYi/H76Od6T2Zep0RVZ/7CGIPrjAG08SwrM47zOaDDXJZGCPBmV7VWOoryl6MytQ NV1tjXXNXyagzuKsWdl+tg== 0000918134-98-000003.txt : 19980116 0000918134-98-000003.hdr.sgml : 19980116 ACCESSION NUMBER: 0000918134-98-000003 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980115 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNION CORP CENTRAL INDEX KEY: 0000100817 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES [7320] IRS NUMBER: 250848970 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-12998 FILM NUMBER: 98507641 BUSINESS ADDRESS: STREET 1: 145 MASON STREET CITY: GREEENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2036290505 MAIL ADDRESS: STREET 1: 145 MASON STREET CITY: GREENWICH STATE: CT ZIP: 06830 FORMER COMPANY: FORMER CONFORMED NAME: SUPER ELECTRIC PRODUCTS INC DATE OF NAME CHANGE: 19661121 FORMER COMPANY: FORMER CONFORMED NAME: UNION SPRING & MANUFACTURING CO DATE OF NAME CHANGE: 19660921 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS & CO INC /NY/ CENTRAL INDEX KEY: 0000918134 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133299429 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 115 SOUTH JEFFERSON RD CITY: WHIPPANY STATE: NJ ZIP: 07981 BUSINESS PHONE: 2017392202 MAIL ADDRESS: STREET 1: 115 SOUTH JEFFERSON RD CITY: WHIPPANY STATE: NJ ZIP: 07981 SC 13D 1 Page 1 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ) Union Corp. (Name of Issuer) Common Stock (Title of Class of Securities) 906072103 (CUSIP Number) Charles A. Nalbone, Bear, Stearns & Co. Inc. 115 South Jefferson Road, Whippany, NJ 07981 (973) 739-2202 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 14, 1998 (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b) (3) or (4), check the following box [ ] . Check the following box if a fee is being paid with this statement [ ] . (A fee is not required only if the reporting person: 1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and 2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class. (See Rule 13d-7) Note: When filing this statement, in paper format, six copies of this statement, including exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. Page 2 CUSIP NO. 906072103 13D NAME OF REPORTING PERSON S.S. OR I.R.S. NOTIFICATION NO. OF ABOVE PERSON: 1 BEAR, STEARNS & CO. INC. IRS #13-3299429 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*: (a) [ ] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS*: WC, PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)(e): [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware 7 SOLE VOTING POWER: 258,600 8 SHARED VOTING POWER: 67,000 9 SOLE DISPOSITIVE POWER: 258,600 10 SHARED DISPOSITIVE POWER: 67,000 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 325,600 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*: [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 5.6 14 TYPE OF REPORTING PERSON*: BD See Instructions Before Filling Out! Page 3 SCHEDULE 13D Item 1: Security and Issuer (a) Title and Class: Common Stock (b) Name and address: Union Corp. 145 Mason St. Greenwich, CT 06830 Item 2: Identity and Background Identity (a) Name: Bear, Stearns & Co. Inc. ("Bear Stearns") (b) Place of Organization: Delaware (c)(i) Principal Business: Securities Broker/Dealer (ii) Address: 245 Park Avenue New York, NY 10167 The following information with respect to each executive officer and director of Bear Stearns is set forth on Appendix I hereto: (i) name, (ii) business address, and (iii) principal occupation or employment. (d) None (e) See Appendix II (f) See Appendix I Item 3: Source and Amount of Funds or Other Consideration Working capital of Bear Stearns and personal funds of discretionary accounts. The aggregate purchase price of the 425,600 shares of Common Stock was approximately $13,300,000. Item 4: Purpose of Transaction Bear Stearns has acquired the Common Stock of Union Corp. in the ordinary course of its business as a broker/dealer in connection with its trading and investment activities. Bear Stearns may acquire additional securities of the Issuer or dispose of securities of the Issuer in connection with such trading and investment activities. Although the foregoing represents the range of activities presently contemplated by Bear Stearns with respect to the Issuer, it should be noted that the possible activities of Bear Stearns are subject to change at any time. Except as set forth above, Bear Stearns has no present plans or intentions which relate to or would result in any of the actions described in subparagraph (a) through (j) of Item 4 of Schedule 13D. Page 4 SCHEDULE 13D Item 5: Interest in Securities of the Issuer as of 01/14/98 (a) Number: 325,600 Percentage: 5.6 (b) 1. Sole power to vote or to direct the vote: 258,600 2. Shared power to vote or to direct the vote: 67,000 3. Sole power to dispose or to direct the disposition: 258,600 4. Shared power to dispose or to direct the disposition: 67,000 (c) Information concerning transactions in the common stock effected by Bear Stearns is set forth on Appendix III hereto. (d) Inapplicable. (e) Inapplicable. Item 6: Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer: None Item 7: Material to be Filed as Exhibits: None Page 5 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. Dated: 01/15/98 BEAR, STEARNS & CO. INC. By: /s/ Barry J. Cohen Senior Managing Director APPENDIX I DIRECTORS AND EXECUTIVE OFFICERS OF BEAR, STEARNS & CO. INC. Name Principal Occupation or Employment Alan C. Greenberg Chairman of the Board and Director James E. Cayne President, Chief Executive Officer and Director Alan D. Schwartz Executive Vice President and Director Warren J. Spector Executive Vice President and Director Michael L. Tarnopol Executive Vice President and Director John L. Knight Director John M. Slade Director Emeritus Kenneth L. Edlow Secretary Samuel L. Molinaro, Jr. Chief Financial Officer Michael J. Abatemarco Controller and Assistant Secretary Michael Minikes Treasurer Frederick B. Casey Assistant Treasurer Mark E. Lehman Executive Vice President, General Counsel and Director William J. Montgoris Chief Operating Officer John L. Knight is a citizen of the United Kingdom and his business address is One Canada Square London E16 5AD England. Michael J. Abatemarco is a citizen of the United States and his business address is One Metrotech Center North, Brooklyn, New York 11201. All other Directors and Executive Officers are citizens of the United States and their business address is 245 Park Avenue, New York, New York 10167. Bear, Stearns & Co. Inc. is a wholly-owned subsidiary of The Bear Stearns Companies Inc. and of the persons named, all but John L. Knight hold similar office in the parent company. APPENDIX II Page 7 BEAR, STEARNS & CO. INC. Union Corp. Trading from 12/23/97 through 01/14/98 (Various Firm Accounts) ***** 01/14 ***** 40,800 UNION CORP 31.4855 1,284,608.40 ***** 01/02 ***** 7,500- UNION CORP 31 1/8 233,429.71- 25,000- UNION CORP 31 1/8 778,099.06- 67,500- UNION CORP 31 1/16 2,096,648.85- 15,000 UNION CORP 31 3/16 468,562.50 250,000 UNION CORP 31 7,765,000.00 ***** 12/23 ***** 100 UNION CORP 31 1/4 3,125.00 10,000 UNION CORP 31 1/4 312,500.00 5,000 UNION CORP 31 155,250.00 37,700 UNION CORP 31.1056 1,172,681.12 (Various Discretionary Accounts) ***** 01/14 ***** 1,094 UNION CORP 31.4855 34,445.14 1,368 UNION CORP 31.4855 43,072.16 188 UNION CORP 31.4855 5,919.27 8,613 UNION CORP 31.4855 271,184.61 1,504 UNION CORP 31.4855 47,354.19 233 UNION CORP 31.4855 7,336.12 ***** 01/05 ***** 2,258 UNION CORP JRL MX .00 ***** 01/02 ***** 1,000 UNION CORP 31 1/16 31,122.50 1,000 UNION CORP 31 1/16 31,122.50 800 UNION CORP 31 1/16 24,898.00 500 UNION CORP 31 1/16 15,531.25 700 UNION CORP 31 1/16 21,743.75 2,200 UNION CORP 31 1/16 68,469.50 2,000 UNION CORP 31 1/16 62,245.00 500 UNION CORP 31 1/16 15,531.25 500 UNION CORP 31 1/16 15,531.25 2,000 UNION CORP 31 1/16 62,245.00 2,351 UNION CORP 31 1/16 73,027.94 1,000 UNION CORP 31 1/16 31,062.50 14,789 UNION CORP 31 1/16 459,383.31 2,583 UNION CORP 31 1/16 80,234.44 6,306 UNION CORP 31 1/16 195,880.13 1,771 UNION CORP 31 1/16 55,011.69 ***** 12/23 ***** 1,284 UNION CORP 31.1057 39,939.72 8,079 UNION CORP 31.1057 251,302.95 1,411 UNION CORP 31.1057 43,890.14 968 UNION CORP 31.1057 30,110.32 -----END PRIVACY-ENHANCED MESSAGE-----