4 1 trr.txt 4 1 ------------------------------ OMB APPROVAL [ ] Check this box if no longer ------------------------------ subject to Section 16. Form 4 or OMB Number 235-0287 Form 5 obligations may continue. Expires: 01-31-2005 See Instruction 1(b). Estimated average burden hours per response ....... 0.5 ------------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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 -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Kellogg Peter R -------------------------------------------------------------------------------- (Last) (First) (Middle) 120 Broadway -------------------------------------------------------------------------------- (Street) New York New York 10005 -------------------------------------------------------------------------------- (City) (State) (Zip) -------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol TRC CO. INC. Ticker: TRR -------------------------------------------------------------------------------- 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) -------------------------------------------------------------------------------- 4. Statement for Month/Year MAR/2003 -------------------------------------------------------------------------------- 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 Filing (Check applicable line) [x] Form filed by One Reporting Person [_] Form filed by more than One Reporting Person -------------------------------------------------------------------------------- ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================ 1. Title of security: TRC CO INC common stock 2. Transaction Date: MARCH 28,2003 3. Transaction Code: (p) 4. Securities Aquired (A) or Disposed (D): Amount (D)or(A) Price 33,500 (A) $13.2274 5. Amout of Securities Beneficialyy owned at End of Reported Transactions: 6. 1,124,000 I 1,090,000 D OwnerShip Form Direct (D) or Indirect(I): (I) (D) 7.Nature of Indirect Beneficial Ownership: ------------------------------------------------------------------ --------------------------------------------------------------------- IAT Reinsurance co Ltd., a Bermuda corporation of which Mr Kellogg is ---------------------------------------------------------------------- the sole holder of voting stock. Mr Kellogg disclaims beneficial ---------------------------------------------------------------------- ownership of these shares. ---------------------------------------------------------------------- -------------------------------------------------------------------- -------------------------------------------------------------------- -------------------------------------------------------------------- -------------------------------------------------------------------- -------------------------------------------------------------------- ======================================= Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). (Over) SEC 1474(3-99) FORM 4 (continued) Table II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (e.g., puts, calls, warrants, options, convertible securities) NA Explanation of Responses: PETER R KELLOGG 4/02/2003 --------------------------------------------- ----------------------- **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Page 2