-----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, M2NwlxLpMWQZ4vm/esNFLaUnHlpp9IfN91iW73KanmP/pvxkntOim5RAZOdCEKjf l706eNH64Nr9d8Pngs6abg== 0001072613-99-000043.txt : 19990702 0001072613-99-000043.hdr.sgml : 19990702 ACCESSION NUMBER: 0001072613-99-000043 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990621 FILED AS OF DATE: 19990701 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UST CORP /MA/ CENTRAL INDEX KEY: 0000316901 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 042436093 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: SEC FILE NUMBER: 000-09623 FILM NUMBER: 99657723 BUSINESS ADDRESS: STREET 1: 40 COURT ST CITY: BOSTON STATE: MA ZIP: 02108 BUSINESS PHONE: 6177267000 MAIL ADDRESS: STREET 1: 40 COURT ST CITY: BOSTON STATE: MA ZIP: 02108 COMPANY DATA: COMPANY CONFORMED NAME: CITIZENS FINANCIAL GROUP INC/DE CENTRAL INDEX KEY: 0000759944 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] OWNER IRS NUMBER: 050412693 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 BUSINESS ADDRESS: STREET 1: 870 WESTMINSTER ST STREET 2: 1 CITIZENS PLZ THIRD FL CITY: PROVIDENCE STATE: RI ZIP: 02903 BUSINESS PHONE: 4014567000 MAIL ADDRESS: STREET 2: 1 CITIZENS PLAZA CITY: PROVIDENCE STATE: RI ZIP: 02903 3 1 FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 3 INITIAL 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* Citizens Financial Group, Inc. - -------------------------------------------------------------------------------- (Last) (First) (Middle) One Citizens Plaza - -------------------------------------------------------------------------------- (Street) Providence RI 02903 - -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Date of Event Requiring Statement (Month/Day/Year) 6/21/99 ________________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) ________________________________________________________________________________ 4. Issuer Name and Ticker or Trading Symbol UST Corp. (USTB) ________________________________________________________________________________ 5. Relationship of Reporting Person to Issuer (Check all applicable) [_] Director [X] 10% Owner [_] Officer (give title below) [_] Other (specify below) ________________________________________________________________________________ 6. If Amendment, Date of Original (Month/Day/Year) N/A ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check applicable line) [_] Form Filed by One Reporting Person [X] Form Filed by More than One Reporting Person ================================================================================ Table I -- Non-Derivative Securities Beneficially Owned ================================================================================
3. Ownership Form: 2. Amount of Securities Direct (D) or 1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership (Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
* If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over) (Form 3-07/98) Page 1 of 3 FORM 3 (continued) Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
5. Owner- 3. Title and Amount of Securities ship Underlying Derivative Security Form of 2. Date Exercisable (Instr. 4) Derivative and Expiration Date --------------------------------- 4. Conver- Security: (Month/Day/Year) Amount sion or Direct 6. Nature of ---------------------- or Exercise (D) or Indirect Date Expira- Number Price of Indirect Beneficial 1. Title of Derivative Exer- tion of Derivative (I) Ownership Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5) - ------------------------------------------------------------------------------------------------------------------------------------ Stock Option (right Common stock, par to buy)(1)(2) (3) (4) value $0.625 per share 8,541,333 $24.25 D - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: (1)These securities are owned solely by Citizens Financial Group, Inc., which may be deemed a member of a "group" with The Royal Bank of Scotland plc (which is the 100% owner of Citizens Financial Group, Inc.) and The Royal Bank of Scotland Group plc (which is the 100% owner of The Royal Bank of Scotland plc) for purposes of Section 13(d) of the Exchange Act. (2) The reporting persons disclaim beneficial ownership of the securities underlying the Stock Option, and this report shall not be deemed an admission that the reporting persons are the beneficial owners of such securities for purposes of Section 16 of the Exchange Act or for any other purpose. (3) The Stock Option becomes exercisable only upon the occurrence of certain events which relate directly or indirectly to a proposed third party acquisition of a substantial portion of the issuer's business, whether by stock purchase, asset purchase or otherwise (collectively, "Triggering Events"). (4) The Stock Option will expire under certain specified conditions, including (i) consummation of the merger described in that certain Agreement and Plan of Merger, dated as of June 21, 1999, by and between Citizens Financial Group, Inc. and UST Corp. (the "Merger Agreement"), (ii) termination of the Merger Agreement prior to the occurrence of any Triggering Event, and (iii) 18 months after termination of the Merger Agreement which occurs subsequent to a Triggering Event. **Signature of Reporting Person CITIZENS FINANCIAL GROUP, INC. By: /s/ Bradford B. Kopp July 1, 1999 - --------------------------------------------- ----------------------- Name: Bradford B. Kopp Date Tile: Executive Vice President ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Page 2 of 3 JOINT FILER INFORMATION Name: The Royal Bank of Scotland plc Address: 42 St. Andrew Square Edinburgh EH2 2YE Scotland, United Kingdom Designated Filer: Citizens Financial Group, Inc. Issuer and Ticker Symbol: UST Corp. (USTB) Date of Event Requiring Statement: 6/21/99 Signature: THE ROYAL BANK OF SCOTLAND PLC By: /s/ Miller Roy McLean --------------------------- Name: Miller Roy McLean Title: Director, Group Legal & Regulatory Affairs and Group Secretary Name: The Royal Bank of Scotland Group plc Address: 42 St. Andrew Square Edinburgh EH2 2YE Scotland, United Kingdom Designated Filer: Citizens Financial Group, Inc. Issuer and Ticker Symbol: UST Corp. (USTB) Date of Event Requiring Statement: 6/21/99 Signature: THE ROYAL BANK OF SCOTLAND GROUP PLC By: /s/ Miller Roy McLean --------------------------- Name: Miller Roy McLean Title: Director, Group Legal & Regulatory Affairs and Group Secretary -----END PRIVACY-ENHANCED MESSAGE-----