-----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, RIPRpviyfu/oKTklsGCSaqp3RT9iFl1Pr1NLXi3sK4cVvgrfp8mWAfH96S7IV4ih HKJINLnWP0nIvJi9HqWCiA== 0000906602-97-000222.txt : 19971124 0000906602-97-000222.hdr.sgml : 19971124 ACCESSION NUMBER: 0000906602-97-000222 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19971121 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ACCEL INTERNATIONAL CORP CENTRAL INDEX KEY: 0000001985 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 310788334 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-33042 FILM NUMBER: 97726176 BUSINESS ADDRESS: STREET 1: 475 METRO PLACE N CITY: DUBLIN STATE: OH ZIP: 43017 BUSINESS PHONE: 6147647000 MAIL ADDRESS: STREET 1: 475 METRO PLACE NORTH CITY: DUBLIN STATE: OH ZIP: 43017 FORMER COMPANY: FORMER CONFORMED NAME: ACCELERATION CORP DATE OF NAME CHANGE: 19870814 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DARLAND TRUST CENTRAL INDEX KEY: 0001035907 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 06640089 STATE OF INCORPORATION: E7 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: P O BOX 472 STREET 2: ST. PETER'S HOUSE LE BORDAGE CITY: PETER PORT BUSINESS PHONE: 01481707800 MAIL ADDRESS: STREET 1: P.O. BOX 472 STREET 2: ST. PETER'S HOUSE, LE BORDAGE CITY: PETER PORT STATE: E7 SC 13D 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* ACCEL International Corporation --------------------------------------- (Name of Issuer) Common Stock, par value $0.10 per share --------------------------------------- (Title of Class of Securities) 004299 10 3 --------------------------------------- (CUSIP Number) William H. Cuddy, Esq. Day, Berry & Howard CityPlace I, Hartford, Connecticut 06103-3499 (860) 275-0100 --------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 21, 1996 and December 19, 1996 ----------------------------------------- (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 / /. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. (Continued on the following pages) (Page 1 of 6 Pages) ________________ *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. 004299 10 3 1 NAME OF REPORTING PERSONS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) The Darland Trust 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ 3 SEC USE ONLY 4 SOURCE OF FUNDS* 00 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / / 6 CITIZENSHIP OR PLACE OF ORGANIZATION 7 SOLE VOTING POWER NUMBER OF 1,167,824 shares (see Row 11 below) SHARES BENEFICIALLY SHARED VOTING POWER OWNED BY EACH 8 0 shares REPORTING SOLE DISPOSITIVE POWER PERSON 9 0 shares WITH 10 SHARED DISPOSITIVE POWER 1,167,824 shares (see Row 11 below) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,167,824 shares, held on its behalf by its trustee, Rothschild Trust Cayman Limited 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.5% (see Row 11 above) 14 TYPE OF REPORTING PERSON* 00 *SEE INSTRUCTIONS BEFORE FILLING OUT! AMENDMENT NO. 1 TO STATEMENT SCHEDULE 13D The reporting person hereby amends in part its Statement on Schedule 13D dated March 12, 1997, with respect to the common stock, par value $0.10 per share (the "Common Stock"), of ACCEL International Corporation ("ACCEL"). This amendment amends only those portions of the information previously reported that have changed since the prior filing. Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Rothschild Trust Cayman Limited (the "Trustee"), as trustee for and on behalf of the reporting person, transferred an aggregate of all of the 1,167,824 shares of Common Stock owned by the reporting person into the brokerage account to which the Trading Authorization described in Item 6 relates, on the dates and in the amounts set forth below. DATE NUMBER OF SHARES November 21, 1996 1,008,405 December 19, 1996 159,419 There was no consideration for such transfers. Item 5. INTEREST IN SECURITIES OF THE ISSUER. (a) (i) As of the date hereof, the reporting person beneficially owns 1,167,824 shares of Common Stock, representing approximately 13.5% of the 8,631,042 shares of Common Stock outstanding as of November 14, 1997. (ii) This statement does not relate to, and, in accordance with Rule 13d-4 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the reporting person expressly declares that the filing of this statement shall not be construed as an admission that it is, for purposes of Section 13(d) or Section 13(g) of the Exchange Act, the beneficial owner of, any of the (i) 1,167,824 shares of Common Stock, or 13.5% of the shares of Common Stock outstanding as of November 14, 1997, owned by Arnold L. Chase, the brother of Cheryl A. Chase, who, together with her children, are the beneficiaries of the reporting person, (ii) 2,000,000 shares of Common Stock, or 23.2% of the shares of Common Stock outstanding as of November 14, 1997, owned by Rhoda L. Chase, the mother of Cheryl A. Chase and Arnold L. Chase and the spouse of David T. Chase, (iii) 5,350 shares of Common Stock, or less than 0.1% of the shares of Common Stock outstanding as of November 14, 1997, owned by Sandra M. Chase, the spouse of Arnold L. Chase, or (iv) 6,500 shares of Common Stock, or less than 0.1% of the shares of Common Stock outstanding as of November 14, 1997, currently issuable upon the exercise of options held by David T. Chase (the husband of Rhoda L. Chase and the father of Cheryl A. Chase and Arnold L. Chase). David T. Chase may also be deemed to be the beneficial owner of the 1,167,824 shares of Common Stock referred to in clause (i) of the immediately preceding sentence and 1,330,000 of the 2,000,000 shares of Common Stock referred to in clause (ii) of the immediately preceding sentence; Insurance Holdings Limited Partnership, a limited partnership of which Chase Insurance Corporation (a corporation owned by Rhoda L. Chase) is the general partner and Rhoda L. Chase, Sandra M. Chase and Cheryl A. Chase are limited partners, may be deemed to be the beneficial owner of 670,000 of the 2,000,000 shares of Common Stock referred to in clause (ii) of the immediately preceding sentence. (b) The Trustee, on behalf of the reporting person, has the sole power to vote or to direct the vote of the 1,167,824 shares of Common Stock owned by the reporting person. The Trustee, on behalf of the reporting person, shares the sole power to dispose or to direct the disposition of the 1,167,824 shares of Common Stock owned by the reporting person with David T. Chase. David T. Chase's principal occupation is Chairman of the Board of Directors and President of D.T. Chase Enterprises, Inc. ("DTCE"), a holding company for various Chase family interests. David T. Chase's business address and the principal business address of DTCE is: D.T. Chase Enterprises, Inc., One Commercial Plaza, Hartford, Connecticut 06103. During the past five years, David T. Chase has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). During the past five years, David T. Chase has not been a party to a civil proceeding of a judicial or an administrative body of competent jurisdiction and as a result of such proceedings 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. David. T. Chase is a citizen of the United States of America. (c) No transactions in the Common Stock were effected by or on behalf of the reporting person during the past 60 days other than the transactions described in Item 3. (d) Each of David T. Chase and the Trustee, on behalf of the reporting person, has the power to direct the dividends from, and the proceeds from the sale of, the shares of Common Stock owned by the reporting person. No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock owned by the reporting person. (e) Not applicable. Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Pursuant to a General Trading Authorization for Securities and/or Options Accounts (the "Trading Authorization"), the reporting person has granted to David T. Chase the power to enter orders to purchase and sell securities for the brokerage account in which it holds its shares of Common Stock. The Trading Authorization also confers upon him the power to buy and sell on margin, to sell short for such account and to give instructions as to the transfer of money and property from such account. The powers granted by the Trading Authorization remain effective until terminated by the reporting person. The foregoing description of the Trading Authorization is subject to, and is qualified in its entirety by reference to, the form of Trading Authorization, which is filed as an exhibit to this Statement on Schedule 13D. David T. Chase manages certain funds for the Trustee on behalf of the reporting person. In such capacity and pursuant to the Trading Authorization, David T. Chase may effect the sale of some or all of the shares of Common Stock owned by the reporting person or effect the purchase of additional shares of Common Stock on behalf of the reporting person. Except as described in this Statement on Schedule 13D, the reporting person does not know of any contracts, arrangements, understandings or relationships (legal or otherwise) between any of the persons named in Item 2 or between such person and any other person with respect to any securities of ACCEL, including, but not limited to, transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. The reporting person has not agreed to act together with any other person or entity for the purpose of acquiring, holding, voting, or disposing of shares of Common Stock and the reporting person disclaims membership in any "group" with respect to the Common Stock for purposes of Section 13(d)(3) of the Exchange Act and Rule 13d-5(b)(1) promulgated thereunder. Item 7. MATERIAL TO BE FILED AS EXHIBITS. (1) Form of Trading Authorization. SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the reporting person certifies that the information set forth in this statement is true, complete and correct. The Darland Trust By: Rothschild Trust Cayman Limited, Trustee Dated: November 20, 1997 By: /s/ D.N. Allison Name: D N Allison Title: Director By: /s/ Nicholas Moss Name: Nicholas Moss Title: Director EX-99 2 PAINEWEBBER MICROFILM I.D. NUMBER EXHIBIT 1 GENERAL TRADING AUTHORIZATION FOR SECURITIES AND/OR OPTIONS ACCOUNTS (AUTHORIZATION MAY NOT BE EXTENDED TO EMPLOYEES OF PAINEWEBBER) ACCOUNT NAME Branch Account Number Broker The Darland Trust | X | X | | X | X | X | X | X | | X | X | THIS WILL CONFIRM THE AUTHORITY OF David T. Chase (Agent name) 96 High Ridge Road, West Hartford, CT 06117 (Complete address) to enter orders with you as brokers, or as dealers acting for your own account, or as brokers for some other person, and in accordance with your terms and conditions for my account and risk. To purchase and sell securities and similar property and enter into those option contracts indicated below. I hereby ratify and confirm any and all transactions, trades or dealings effected in and for my account by my agent in connection with the authority granted hereunder. (INITIAL BOXES TO INDICATE AGENCY GRANTED) (1) |X| To buy and sell on margin: (cash account only if not initialed) (2) |X| To sell short: (box (1) must also be initialed) (3) |X| To give you instructions as to the transfer of money and property from my account to me, or to others (4) |X| To do Options as follows: (THE TERM "OPTIONS" IS INCLUSIVE OF PUTS AND CALLS) | | COVERED | | BUY OPTIONS AND COVERED |X| ALL OPTION TRANSACTIONS WRITING ONLY WRITING ONLY (INCLUDING UNCOVERED OPTIONS) This authorization is in addition to (and in no way limits or restricts) any and all rights which you may have under any other agreement(s) between your firm and me and is to remain effective until you receive written notice from me to the contrary, shall survive my disability or incompetence, shall bind my estate on all transactions by you after but without knowledge of my death and shall inure to your benefit and the benefit of any successor corporation or firms. Signed, sealed and delivered by /S/ Jane Betley DATE 30 October 1995 (Signature of Principal) X ROTHSCHILD TRUST GUERNSEY LIMITED AS TRUSTEE AUTHORIZED SIGNATORIES In the presence of: DATE (Signature of Witness) INSTRUCTIONS AS TO NOTICES Please send all confirmation, statements, and other communications as checked below: | | Send to me only |X| Send to me and to agent. /s/ Jane Betley (Signature of Principal) ROTHSCHILD TRUST GUERNSEY LIMITED AS TRUSTEE AUTHORIZED SIGNATORIES ACCEPTANCE OF AGENCY /s/ David T. Chase DATE 10/20/95 David T. Chase (Signature of Agent Authorized to Act) DATE (Branch Office Manager's approval) OPTION ACCOUNTS: LIMITATIONS SENIOR ROP APPROVAL: DATE I N A C 4 REV. 12/95 IMPORTANT - REVERSE SIDE MUST BE COMPLETED BY AGENT
TO BE COMPLETED BY AUTHORIZED AGENT Age Mr. David T. Chase 65 Home Address Home Phone 96 High Ridge Road, West Hartford, CT 06117 860-233-4446 Occupation Employer Employer's Business Executive Chase Enterprises Financial Business Address Business Phone One Commercial Plaza, Hartford, CT 06103 860-549-1674 Citizen Of Agent's Relationship, If Any, To The Principal Agent's Account No. With PW (if any) USA XXXXXXX Agent's Investment Experience: (Years of Experience) Reason for Agency Options: 10 years Stock/Bonds: 10 years Commodities: 10 years /s/ David T. Chase Other (Specify) David T. Chase - Authorized Agent's Signature
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