-----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, KSx1bu9txT+nH3O5Sv15KIGfps9lp6ujqtiVyXqyNqVUOhMzyKjFfoUUKdyi0LYB 3dKTdWdOU58TpYIC0j4Qqg== 0000021175-99-000003.txt : 19990218 0000021175-99-000003.hdr.sgml : 19990218 ACCESSION NUMBER: 0000021175-99-000003 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990217 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL CROSSING HOLDINGS LTD CENTRAL INDEX KEY: 0001061323 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 980189783 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-55801 FILM NUMBER: 99544668 BUSINESS ADDRESS: STREET 1: WESSEX HOUSE 45 REID STREET STREET 2: HAMILTON 11M12 CITY: BERMUDA BUSINESS PHONE: 4412960600 MAIL ADDRESS: STREET 1: WESSEX HOUSE 45 REID STREET STREET 2: HAMILTON 11M12 CITY: BERMUDA FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CNA FINANCIAL CORP CENTRAL INDEX KEY: 0000021175 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 366169860 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: CNA PLZ CITY: CHICAGO STATE: IL ZIP: 60685 BUSINESS PHONE: 3128225000 MAIL ADDRESS: STREET 1: CNA PLAZA CITY: CHICAGO STATE: IL ZIP: 60685 SC 13G 1 SC 13G Securities and Exchange Commission Washington, DC 20549 Under the Securities and Exchange Act of 1934 Schedule 13G Global Crossing Holdings, Ltd. (Name of Issuer) Common Stock (Title of Class of Securities ) G3921A100 (CUSIP NUMBER) Date of Event which Requires this filing February 14, 1999 Check the Appropriate Box to designate the Rule pursuant to which this schedule is filed: 13d-1(d) 1) Name of Reporting Person: Continental Casualty Company SS or IRS Identification 36-2114545 Nos. of Above Persons: 2) Check the Appropriate Box (a) (b) X If A Member of Group (See Instructions) 3) SEC Use Only 4) Citizenship or Place of Organization Illinois Number of (5) Sole Voting 0 Shares Beneficially Owned (6) Shared Voting 0 by Each Reporting Person With: (7) Sole Dispositive Power 0 (8) Shared Dispositive Power: 0 9) Aggregate Amount Beneficially Owned by Each Reporting Person 0 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) Yes 11) Percent of Class Represented By Amount in Row 9 0.0% 12) Type of Reporting Person (See Instructions) IC Under Illinois Law, assets owned by Continental Casualty Company, an Illinois insurance company, are solely under the control of the board of directors of the insurer. The characterization of shared dispositive power with any other party or beneficial ownership is made solely as a consequence of SEC interpretations. Continental Casualty Company, Global Crossing Trust 1998, Global Crossing Partners, and Hillel Weinberger, individually, specifically disclaim beneficial ownership of the securities identified herein owned by any other party. The parties to this filing specifically disclaim that they operate as a "group" within the meaning of the Securities Exchange Act of 1934. 1) Name of Reporting Person: Global Crossing Trust 1998 SS or IRS Identification 13-7143668 Nos. of Above Persons: 2) Check the Appropriate Box (a) (b) X If A Member of Group (See Instructions) 3) SEC Use Only 4) Citizenship or Place of Organization New York Number of (5) Sole Voting Power 0 Shares Beneficially Owned (6) Shared Voting Power 0 by Each Reporting Person With: (7) Sole Dispositive Power 0 (8) Shared Dispositive Power: 0 9) Aggregate Amount Beneficially Owned by Each Reporting Person 0 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) Yes 11) Percent of Class Represented By Amount in Row 9 0.0% 12) Type of Reporting Person (See Instructions) 00 Under Illinois Law, assets owned by Continental Casualty Company, an Illinois insurance company, are solely under the control of the board of directors of the insurer. The characterization of shared dispositive power with any other party or beneficial ownership is made solely as a consequence of SEC interpretations. Continental Casualty Company, Global Crossing Trust 1998, Global Crossing Partners, and Hillel Weinberger, individually, specifically disclaim beneficial ownership of the securities identified herein owned by any other party. The parties to this filing specifically disclaim that they operate as a "group" within the meaning of the Securities Exchange Act of 1934. 1) Name of Reporting Person: Global Crossing Partners SS or IRS Identification ###-##-#### Nos. of Above Persons: 2) Check the Appropriate Box (a) (b) X If A Member of Group (See Instructions) 3) SEC Use Only 4) Citizenship or Place of Organization New Jersey Number of (5) Sole Voting Power 0 Shares Beneficially Owned (6) Shared Voting Power 0 by Each Reporting Person With: (7) Sole Dispositive Power 0 (8) Shared Dispositive Power: 0 9) Aggregate Amount Beneficially Owned by Each Reporting Person 0 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) Yes 11) Percent of Class Represented By Amount in Row 9 0.0% 12) Type of Reporting Person (See Instructions) PN Under Illinois Law, assets owned by Continental Casualty Company, an Illinois insurance company, are solely under the control of the board of directors of the insurer. The characterization of shared dispositive power with any other party or beneficial ownership is made solely as a consequence of SEC interpretations. Continental Casualty Company, Global Crossing Trust 1998, Global Crossing Partners, and Hillel Weinberger, individually, specifically disclaim beneficial ownership of the securities identified herein owned by any other party. The parties to this filing specifically disclaim that they operate as a "group" within the meaning of the Securities Exchange Act of 1934. 1) Name of Reporting Person: Hillel Weinberger SS or IRS Identification ###-##-#### Nos. of Above Persons: 2) Check the Appropriate Box (a) (b) X If A Member of Group (See Instructions) 3) SEC Use Only 4) Citizenship or Place of Organization United States Number of (5) Sole Voting 21,087,585 Shares Beneficially Owned (6) Shared Voting 243,315 by Each Reporting Person With: (7) Sole Dispositive Power 21,087,585 (8) Shared Dispositive Power: 243,315 9) Aggregate Amount Beneficially Owned by Each Reporting Person 21,330,900 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11) Percent of Class Represented By Amount in Row 9 10.4% 12) Type of Reporting Person (See Instructions) IN Under Illinois Law, assets owned by Continental Casualty Company, an Illinois insurance company, are solely under the control of the board of directors of the insurer. The characterization of shared dispositive power with any other party or beneficial ownership is made solely as a consequence of SEC interpretations. Continental Casualty Company, Global Crossing Trust 1998, Global Crossing Partners, and Hillel Weinberger, individually, specifically disclaim beneficial ownership of the securities identified herein owned by any other party. The parties to this filing specifically disclaim that they operate as a "group" within the meaning of the Securities Exchange Act of 1934. Item 1(a) Name of Issuer. Global Crossing Holdings Ltd. Item 1(b) Address of Issuer's Principal Executive Offices Global Crossing Holdings Ltd. Wessex House 45 Reed Street Hamilton, 11M12 BERMUDA Item 2(a) Name of Persons Filing. Continental Casualty Company Global Crossing Trust 1998 Global Crossing Partners Hillel Weinberger Item 2(b) Address of Principal Business Office: Continental Casualty Company - CNA Plaza, Chicago, Illinois 60685 Global Crossing Trust 1998 - 667 Madison Avenue, New York, NY 10021 Global Crossing Partners - 667 Madison Avenue, New York, NY 10021 Hillel Weinberger - 667 Madison Avenue, New York, NY 10021 Item 2(c) Citizenship: Continental Casualty Company - State of Illinois Global Crossing Trust 1998 - State of New York Global Crossing Partners - State of New Jersey Hillel Weinberger - United States Item 2(d) Title of Class of Securities Common Stock Item 2(e) CUSIP Number. G3921A100 Item 3. The person filing this statement pursuant to Rule 13-1(b) or 13d-2 are each: Inapplicable Item 4. Ownership. Under Illinois Law, assets owned by Continental Casualty Company, an Illinois insurance company, are solely under the control of the board of directors of the insurer. The characterization of shared dispositive power with any other party or beneficial ownership is made solely as a consequence of SEC interpretations. Continental Casualty Company, Global Crossing Trust 1998, Global Crossing Partners, and Hillel Weinberger, individually, specifically disclaim beneficial ownership of the securities identified herein owned by any other party. The parties to this filing specifically disclaim that they operate as a "group" within the meaning of the Securities Exchange Act of 1934. Continental Global Global Casualty Crossing Crossing Hillel Company Trust 1998 Partners Weinberger (a) Amount Beneficially Owned: 0 0 0 21,330,900 (b) Percent of Class 0.0% 0.0% 0.0% 10.4 Item 4. Continental Global Global Casualty Crossing Crossing Hillel Company Trust 1998 Partners Weinberger (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 0 0 0 21,087,585 (ii) shared power to vote or to direct vote 0 0 0 243,315 (iii) sole power to dispose or to direct disposition of 0 0 0 21,087,585 (iv) shared power to dispose or to direct disposition 0 0 0 243,315 As the trustee of the Trust holding investment authority for the trust assets, and as manager of the portfolio of Continental Casualty Company holding the securities of the issuer, Mr. Weinberger is deemed, under SEC interpretations, to have the sole power to vote and dispose of the issuer's securities held by those entities. As one of two general partners of the Partnership, Mr. Weinberger is deemed, under SEC interpretations, to share the power to vote and dispose of the issuer's securities held by the Partnership. Item 5. Ownership of Five Percent or Less of a Class. Inapplicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Inapplicable. Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported On By the Parent Holding Company. Inapplicable. Item 8. Identification and Classification of Members of the Group. Inapplicable. Item 9. Notice of Dissolution of the Group. Inapplicable. Item 10. Certification of Continental Casualty Company. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transactions having such purposes or effect. After reasonable inquiry and to the best of my knowledge and believe, I certify that the information set forth in this statement is true, complete and correct. February 17, 1999 Date /s/ Jonathan D. Kantor Signature Jonathan D. Kantor Senior Vice President, Secretary and General Counsel Item 10. Certification of Global Crossing Trust 1998. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transactions having such purposes or effect. After reasonable inquiry and to the best of my knowledge and believe, I certify that the information set forth in this statement is true, complete and correct. February 17, 1999 Date /s/ Hillel Weinberger Signature Hillel Weinberger Trustee Item 10. Certification of Global Crossing Partners. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transactions having such purposes or effect. After reasonable inquiry and to the best of my knowledge and believe, I certify that the information set forth in this statement is true, complete and correct. February 17, 1999 Date /s/ Hillel Weinberger Signature Hillel Weinberger General Partner Item 10. Certification of Hillel Weinberger. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transactions having such purposes or effect. After reasonable inquiry and to the best of my knowledge and believe, I certify that the information set forth in this statement is true, complete and correct. February 17, 1999 Date /s/ Hillel Weinberger Signature Hillel Weinberger Exhibit 1 Each of the undersigned hereby agrees that the Schedule 13G filed herewith is filed jointly, pursuant to Rule 13d-l(f) of the Securities and Exchange Act of 1934, as amended, on behalf of each of the undersigned. CONTINENTAL CASUALTY COMPANY /s/ Jonathan D. Kantor Signature Jonathan D. Kantor Senior Vice President, Secretary and General Counsel GLOBAL CROSSING TRUST 1998 /s/ Hillel Weinberger Signature Hillel Weinberger Trustee GLOBAL CROSSING PARTNERS /s/ Hillel Weinberger Signature Hillel Weinberger General Partner Hillel Weinberger, Individually /s/ Hillel Weinberger Signature Hillel Weinberger -----END PRIVACY-ENHANCED MESSAGE-----