-----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, SAe6zKpdYTLpeksjXh4WaYHIdctWAsD3R/k/l0WfRkQ//bEyZmJJR4sd55dCeBdA mVwvt3DZqWLvov8WFN8djg== 0000940180-99-000089.txt : 19990129 0000940180-99-000089.hdr.sgml : 19990129 ACCESSION NUMBER: 0000940180-99-000089 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990128 GROUP MEMBERS: HIGH RIDGE CAPITAL LLC GROUP MEMBERS: HIGH RIDGE CAPITAL PARTNERS LIMITED PARTNERSHIP GROUP MEMBERS: HRC GENERAL PARTNER LIMITED PARTNERSHIP GROUP MEMBERS: JAMES L. ZECH GROUP MEMBERS: STEVEN J. TYNAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SEIBELS BRUCE GROUP INC CENTRAL INDEX KEY: 0000276380 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 570672136 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-20931 FILM NUMBER: 99515444 BUSINESS ADDRESS: STREET 1: 1501 LADY ST STREET 2: P O BOX 1 CITY: COLUMBIA STATE: SC ZIP: 29201 BUSINESS PHONE: 8037482000 MAIL ADDRESS: STREET 1: 1501 LADY ST STREET 2: P O BOX 1 CITY: COLUMBIA STATE: SC ZIP: 29201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HIGH RIDGE CAPITAL LLC CENTRAL INDEX KEY: 0001050264 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 20 LIBERTY STREET STREET 2: PO BOX 388 CITY: CHESTER STATE: CT ZIP: 06412 BUSINESS PHONE: 8605265213 SC 13D/A 1 AMENDMENT NO. 2 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDMENT NO. 2 The Seibels Bruce Group, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $1.00 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 816006-20 (CUSIP Number) James L. Zech Steven J. Tynan High Ridge Capital, LLC 107 Elm Street Four Stamford Plaza P.O. Box 120043 Stamford, CT 06912-0043 (203) 705-2750 with a copy to: James A. FitzPatrick, Jr. Dewey Ballantine LLP 1301 Avenue of the Americas New York, NY 10019-6092 (212) 259-8000 ---------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 31, 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 the 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.) Page 1 of 16 SCHEDULE 13D CUSIP No. 816006-20 --------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: High Ridge Capital, LLC ----------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 06-1459537 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS NA - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 703,124* - -------------------------------------------------------------------------------- 8 SHARED VOTING POWER 0 - -------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 703,124* - -------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 703,124* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] Not Applicable - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.5% ----- - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- * Includes (a) 351,562 shares issuable upon exercise of options held by the Reporting Person at any time before December 31, 2000, and (b) 351,562 shares issuable upon the exercise of options held by High Ridge Capital Partners Limited Partnership at any time before December 31, 2000, as described in Items 3 and 4 herein. Page 2 of 16 SCHEDULE 13D CUSIP No. 816006-20 --------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: High Ridge Capital Partners Limited Partnership ----------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 06-1459533 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS NA - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 703,124* - -------------------------------------------------------------------------------- 8 SHARED VOTING POWER 0 - -------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 703,124* - -------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 703,124* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] Not Applicable - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.5% ------ - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- * Includes (a) 351,562 shares issuable upon exercise of options held by High Ridge Capital, LLC at any time before December 31, 2000, and (b) 351,562 shares issuable upon exercise of options held by the Reporting Person at any time before December 31, 2000. Page 3 of 16 SCHEDULE 13D CUSIP No. 816006-20 --------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: HRC General Partner Limited Partnership --------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 06-459536 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS NA - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 703,124* - -------------------------------------------------------------------------------- 8 SHARED VOTING POWER 0 - -------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 703,124* - -------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 703,124* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] Not Applicable - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.5% ------ - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- * Includes (a) 351,562 shares issuable upon exercise of options held by High Ridge Capital, LLC at any time before December 31, 2000, and (b) 351,562 shares issuable upon exercise of options held by High Ridge Capital Partners Limited Partnership at any time before December 31, 2000, as described in Items 3 and 4 herein. Page 4 of 16 SCHEDULE 13D CUSIP No. 816006-20 --------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: James L. Zech ------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS NA - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. - -------------------------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 703,124* - -------------------------------------------------------------------------------- 8 SHARED VOTING POWER 0 - -------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 703,124* - -------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 703,124* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] Not Applicable - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.5% ------ - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- * Includes (a) 351,562 shares issuable upon exercise of options held by High Ridge Capital, LLC at any time before December 31, 2000, and (b) 351,562 shares issuable upon exercise of options held by High Ridge Capital Partners Limited Partnership at any time before December 31, 2000, as described in Items 3 and 4 herein. Page 5 of 16 SCHEDULE 13D CUSIP No. 816006-20 --------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Steven J. Tynan --------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS NA - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. - -------------------------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 703,124* - -------------------------------------------------------------------------------- 8 SHARED VOTING POWER 0 - -------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 703,124* - -------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 703,124* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] Not Applicable - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.5% ------ - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- * Includes (a) 351,562 shares issuable upon exercise of options held by High Ridge Capital, LLC at any time before December 31, 2000 and (b) 351,562 shares issuable upon exercise of options held by High Ridge Capital Partners Limited Partnership at any time before December 31, 2000, as described in Items 3 and 4 herein. Page 6 of 16 This Amendment No. 2 amends and supplements the Statement on Schedule 13D filed on November 20, 1997 (the "Original Statement"), as amended on July 7, 1998 ("Amendment No. 1"), with respect to the common stock, par value $1.00 per share ("Common Stock"), of The Seibels Bruce Group, Inc., a South Carolina corporation ("SBGI"). The address of the principal executive offices of SBGI is 1501 Lady Street, Columbia, South Carolina 29201. Unless otherwise indicated, each capitalized term used but not defined herein shall have the meaning assigned to such term in the Original Statement. The Reporting Persons have entered into a Joint Filing Agreement dated November 24, 1997, which is attached hereto as Schedule I. Page 7 of 16 ITEM 4. PURPOSE OF THE TRANSACTION. The response set forth in Item 4 of the Original Statement, as previously amended and supplemented, is hereby incorporated herein by reference and is amended and supplemented by the following: The 1998 LLC Options and the 1998 Partnership Options, none of which have been exercised, have expired. Page 8 of 16 ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. The response set forth in Item 5 of the Original Statement, as previously amended and supplemented, is hereby incorporated herein by reference and is amended and supplemented by the following: (a)-(b) According to SBGI, as of December 31, 1998, there were 10,776,984 shares of SBGI Common Stock issued and outstanding on a fully diluted basis ("Total Outstanding Shares"). Page 9 of 16 On December 31, 1998, the 1998 LLC Options and the 1998 Partnership Options expired. These options represented, in the aggregate, the right to purchase 703,124 shares of SBGI Common Stock. As a result of such expiration, the Reporting Persons now own, in the aggregate, options representing the right to acquire 703,124 shares of SBGI Common Stock, or 6.5% of the Total Outstanding Shares on a fully diluted basis. (c) None of the Reporting Persons has effected any transaction in SBGI Common Stock during the past 60 days, except as disclosed herein. Page 10 of 16 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. Date: January 28, 1999 HIGH RIDGE CAPITAL, LLC By: /s/ James L. Zech ----------------- Name: James L. Zech Title: President Page 11 of 16 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. Date: January 28, 1999 HRC GENERAL PARTNER LIMITED PARTNERSHIP By: High Ridge Capital, LLC ----------------------- Its: General Partner By: /s/ James L. Zech -------------------- Name: James L. Zech Title: President Page 12 of 16 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. Date: January 28, 1999 HIGH RIDGE CAPITAL PARTNERS LIMITED PARTNERSHIP By: HRC General Partner Limited Partnership ----------------------------------------- Its: General Partner By: High Ridge Capital, LLC Its: General Partner By: /s/ James L. Zech -------------------- Name: James L. Zech Title: President Page 13 of 16 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. Date: January 28, 1999 /s/ James L. Zech ----------------- James L. Zech Page 14 of 16 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. Date: January 28, 1999 /s/ Steven J. Tynan ------------------- Steven J. Tynan Page 15 of 16 Schedule I JOINT FILING AGREEMENT ---------------------- The undersigned parties hereby agree that the Schedule 13D filed herewith (and any amendments thereto) relating to the stock of The Seibels Bruce Group, Inc. is being filed jointly with the Securities and Exchange Commission pursuant to Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, on behalf of each such person. Dated: November 25, 1997 HIGH RIDGE CAPITAL, LLC By: /s/ James L. Zech ---------------------- Name: James L. Zech Title: President HRC GENERAL PARTNER LIMITED PARTNERSHIP By: High Ridge Capital, LLC ----------------------- Its: General Partner By: /s/ James L. Zech --------------------- Name: James L. Zech Title: President HIGH RIDGE CAPITAL PARTNERS LIMITED PARTNERSHIP By: HRC General Partner Limited Partnership --------------------------------------- Its: General Partner By: High Ridge Capital, LLC ----------------------- Its: General Partner By: /s/ James L. Zech --------------------- Name: James L. Zech Title: President /s/ James L. Zech ------------------ James L. Zech /s/ Steven J. Tynan ------------------- Steven J. Tynan Page 16 of 16 -----END PRIVACY-ENHANCED MESSAGE-----