-----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, Nc2cM50VUB7PXXU2P+mFK5dJdfZINtzAxZZsCy9N2AykxllXBEzsEpGhQp/MVD/L bTCk5pJHNez+aqxaMtgPXg== 0000950137-96-001873.txt : 19961007 0000950137-96-001873.hdr.sgml : 19961007 ACCESSION NUMBER: 0000950137-96-001873 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19961004 SROS: NONE GROUP MEMBERS: ALPHABET PARTNERS GROUP MEMBERS: ANN LURIE GROUP MEMBERS: ANN LURIE REVOCABLE TRUST GROUP MEMBERS: LFT PARTNERSHIP GROUP MEMBERS: SAMUEL ZELL GROUP MEMBERS: SAMUEL ZELL REVOCABLE TRUST GROUP MEMBERS: ZELL SAMUEL GROUP MEMBERS: ZFT PARTNERSHIP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CAPSURE HOLDINGS CORP CENTRAL INDEX KEY: 0000073313 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 341010356 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-47011 FILM NUMBER: 96639601 BUSINESS ADDRESS: STREET 1: 2 N RIVERSIDE PLZ STE 600 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3128791900 MAIL ADDRESS: STREET 1: TWO NORTH RIVERSIDE PLAZA CITY: CHICAGO STATE: IL ZIP: 60606 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ZELL SAMUEL CENTRAL INDEX KEY: 0001024193 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: TWO N RIVERSIDE PLAZA SUITE 600 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3124540100 MAIL ADDRESS: STREET 1: TWO N RIVERSIDE PLAZA STREET 2: SUITE 600 CITY: CHICAGO STATE: IL ZIP: 60606 SC 13D 1 SCHEDULE 13D 1 ------------------------------ OMB APPROVAL ------------------------------ OMB Number 3235-0145 Expires: August 31, 1991 Estimated average burden hours per response........ 14.90 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. )* Capsure Holdings Corp. - -------------------------------------------------------------------------------- (NAME OF ISSUER) Common Stock, par value $.05 per share - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 140673104 - -------------------------------------------------------------------------------- (CUSIP NUMBER) Susan Obuchowski Two N. Riverside Plaza, Suite 600, Chicago, IL 60606 (312) 466-4010 - -------------------------------------------------------------------------------- (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) September 24, 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 [ ]. Check the following box if a fee is being paid with the statement [X]. (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). 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. *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). Page 1 of 21 2 CUSIP No. 140673104 13D Page 2 of 21 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Samuel Zell ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- | 7 SOLE VOTING POWER | 658,451 NUMBER OF |------------------------------------------------------------- SHARES | 8 SHARED VOTING POWER BENEFICIALLY | OWNED BY |------------------------------------------------------------- EACH REPORTING | 9 SOLE DISPOSITIVE POWER PERSON WITH | 658,451 |------------------------------------------------------------- | 10 SHARED DISPOSITIVE POWER | - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,118,733 - -------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! 3 CUSIP No. 140673104 13D Page 3 of 21 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Samuel Zell Revocable Trust U/T/A 01/17/90 ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois - -------------------------------------------------------------------------------- | 7 SOLE VOTING POWER | 608,451 NUMBER OF |------------------------------------------------------------- SHARES | 8 SHARED VOTING POWER BENEFICIALLY | OWNED BY |------------------------------------------------------------- EACH REPORTING | 9 SOLE DISPOSITIVE POWER PERSON WITH | 608,451 |------------------------------------------------------------- | 10 SHARED DISPOSITIVE POWER | - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 608,451 - -------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* 00 - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! 4 CUSIP No. 140673104 13D Page 4 of 21 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Alphabet Partners, an Illinois general partnership 36-3002855 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois - -------------------------------------------------------------------------------- | 7 SOLE VOTING POWER | 730,141 NUMBER OF |------------------------------------------------------------- SHARES | 8 SHARED VOTING POWER BENEFICIALLY | OWNED BY |------------------------------------------------------------- EACH REPORTING | 9 SOLE DISPOSITIVE POWER PERSON WITH | 730,141 |------------------------------------------------------------- | 10 SHARED DISPOSITIVE POWER | - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 730,141 - -------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! 5 CUSIP No. 140673104 13D Page 5 of 21 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ZFT Partnership, an Illinois general partnership 36-3022976 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois - -------------------------------------------------------------------------------- | 7 SOLE VOTING POWER | 730,141 NUMBER OF |------------------------------------------------------------- SHARES | 8 SHARED VOTING POWER BENEFICIALLY | OWNED BY |------------------------------------------------------------- EACH REPORTING | 9 SOLE DISPOSITIVE POWER PERSON WITH | 730,141 |------------------------------------------------------------- | 10 SHARED DISPOSITIVE POWER | - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 730,141 - -------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! 6 CUSIP No. 140673104 13D Page 6 of 21 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Ann Lurie ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- | 7 SOLE VOTING POWER | 973,520 NUMBER OF |------------------------------------------------------------- SHARES | 8 SHARED VOTING POWER BENEFICIALLY | OWNED BY |------------------------------------------------------------- EACH REPORTING | 9 SOLE DISPOSITIVE POWER PERSON WITH | 973,520 |------------------------------------------------------------- | 10 SHARED DISPOSITIVE POWER | - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 973,520 - -------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! 7 CUSIP No. 140673104 13D Page 7 of 21 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Ann Lurie Revocable Trust U/T/A 12/22/89 ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois - -------------------------------------------------------------------------------- | 7 SOLE VOTING POWER | 486,760 NUMBER OF |------------------------------------------------------------- SHARES | 8 SHARED VOTING POWER BENEFICIALLY | OWNED BY |------------------------------------------------------------- EACH REPORTING | 9 SOLE DISPOSITIVE POWER PERSON WITH | 486,760 |------------------------------------------------------------- | 10 SHARED DISPOSITIVE POWER | - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 486,760 - -------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* 00 - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! 8 CUSIP No. 140673104 13D Page 8 of 21 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON LFT Partnership, an Illinois general partnership 36-6527526 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois - -------------------------------------------------------------------------------- | 7 SOLE VOTING POWER | 486,760 NUMBER OF |------------------------------------------------------------- SHARES | 8 SHARED VOTING POWER BENEFICIALLY | OWNED BY |------------------------------------------------------------- EACH REPORTING | 9 SOLE DISPOSITIVE POWER PERSON WITH | 486,760 |------------------------------------------------------------- | 10 SHARED DISPOSITIVE POWER | - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 486,760 - -------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! 9 SCHEDULE 13D CUSIP NUMBER 140673104 Item 1. Securities and Issuer The Statement relates to the common stock, par value $.05 per share ("Common Stock") of Capsure Holdings Corp. (the "Issuer"). The Issuer's principal executive offices are at Two North Riverside Plaza, Chicago, IL 60606. Item 2. Identity and Background (a) - (c) This Statement is being filed by the following persons or entities: 1) Samuel Zell 2) Samuel Zell Revocable Trust under trust agreement dated January 17, 1990 (the "Zell Trust") 3) Alphabet Partners, an Illinois general partnership ("Alphabet Partners") 4) ZFT Partnership, an Illinois general partnership ("ZFT Partnership") 5) Ann Lurie 6) Ann Lurie Revocable Trust under trust agreement dated December 22, 1989 (the "Lurie Trust") 7) LFT Partnership, an Illinois general partnership ("LFT Partnership"). Mr. Zell, the Zell Trust, Alphabet Partners, ZFT Partnership, Mrs. Lurie, the Lurie Trust and LFT Partnership are collectively the "Reporting Persons". The business address for all of the Reporting Persons is Two N. Riverside Plaza, Suite 600, Chicago, IL 60606. Certain information concerning the Reporting Persons is set forth in Appendix A hereto. (d) and (e) None of the Reporting Persons, nor, to the best knowledge of the Reporting Persons, any of the persons listed in Appendix A hereto, have, during the last five years (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was, or is, subject to a judgment, decree or final order enjoining future violations of, or prohibiting activities subject to federal or state securities laws or finding any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration No funds were expended in the acquisition of the 3,042,253 shares of Common Stock reported herein. The Reporting Persons acquired the shares of Common Stock reported herein in a series of distributions from Equity Holdings, an Illinois general partnership ("Equity Holdings"). For a more complete explanation, see Item 5. of Amendment Number 7 to Schedule 13D for Equity Holdings which is attached hereto as Exhibit 1 and is incorporated herein by reference. Page 9 of 21 10 Item 4. Purpose of Transaction The purpose of the Reporting Persons' acquisition of shares of Common Stock pursuant to a series of distributions discussed in Exhibit 1, which is incorporated herein by reference, was to restructure the Reporting Persons' manner of ownership of the Common Stock reported herein. The Reporting Persons hold the Common Stock for investment purposes. The Reporting Persons do not have any plans or proposals of the type referred to in clauses (a) through (j) of Item 4. of Schedule 13D. Item 5. Interest in Securities of the Issuer (a) To the best knowledge of the Reporting Persons, there are 15,624,749 shares of Common Stock outstanding as of the date hereof. As of the date hereof, the Reporting Persons may be deemed to own the following shares which represent the following percentages of the shares of Common Stock outstanding:
REPORTING PERSON NUMBER OF SHARES PERCENTAGE OF OUTSTANDING ---------------- ---------------- ------------------------- Samuel Zell 2,118,733(1) 13.5%(1) Samuel Zell Revocable Trust U/T/A 01/17/90 608,451 3.9% Alphabet Partners 730,141 4.7% ZFT Partnership 730,141 4.7% Ann Lurie 973,520(2) 6.2%(2) Ann Lurie Revocable Trust U/T/A 12/22/89 486,760 3.1% LFT Partnership 486,760 3.1%
(1) Includes 608,451 shares beneficially owned by the Zell Trust; 730,141 shares beneficially owned by Alphabet Partners; 730,141 shares beneficially owned by ZFT Partnership; and options to purchase 50,000 shares which are currently exercisable and beneficially owned by Mr. Zell. (2) Includes 486,760 shares beneficially owned by the Lurie Trust; and 486,760 shares beneficially owned by LFT Partnership. Arthur A. Greenberg is the sole trustee of the ten trusts which are the general partners of Alphabet Partners. Mr. Greenberg beneficially owns 27,250 shares of Common Stock. Additionally, a trust in which Mr. Greenberg is the beneficiary, beneficially owns 2,000 shares Page 10 of 21 11 of Common Stock. Mr. Greenberg disclaims beneficial ownership of the shares beneficially owned by such trust. Sheli Z. Rosenberg is the sole trustee of the fifteen trusts which are the general partners of ZFT Partnership. Mrs. Rosenberg beneficially owns 22,706 shares of Common Stock and options to purchase 40,000 shares which are currently exercisable. (b) Samuel Zell has the sole power to vote or to direct the vote of (assuming the exercise of the options to purchase 50,000 shares of Common Stock) and the sole power to dispose or to direct the disposition of the options to purchase 50,000 shares of Common Stock beneficially owned by him. Mr. Zell, as trustee of the Zell Trust, has the sole power to vote or direct the vote and the sole power to dispose or to direct the disposition of the 608,451 shares beneficially owned by the Zell Trust. Mr. Zell has no power to vote or to direct the vote and no power to dispose or to direct the disposition of the 1,460,282 shares beneficially owned by Alphabet Partners and ZFT Partnership, but as beneficiary of all of the trusts which are the partners of Alphabet Partners and ZFT Partnership may be deemed to be the beneficial owner of such shares. Mr. Zell disclaims beneficial ownership of such shares owned by Alphabet Partners and ZFT Partnership. Arthur A. Greenberg, as sole trustee of the ten trusts which are the general partners of Alphabet Partners, has the sole power to vote or to direct the vote and the sole power to dispose or to direct the disposition of the 730,141 shares beneficially owned by Alphabet Partners. Mr. Greenberg disclaims beneficial ownership of such shares. Sheli Z. Rosenberg, as sole trustee of the fifteen trusts which are the general partners of ZFT Partnership, has the sole power to vote or to direct the vote and the sole power to dispose or to direct the disposition of the 730,141 shares beneficially owned by ZFT Partnership. Mrs. Rosenberg disclaims beneficial ownership of such shares. Ann Lurie, as the trustee of the Lurie Trust, has the sole power to vote and to direct the vote and the sole power to dispose and to direct the disposition of the 486,760 shares beneficially owned by the Lurie Trust. Ann Lurie, as the sole trustee of the six trusts which are the general partners of LFT Partnership, has the sole power to vote or to direct the vote and the sole power to dispose or to direct the disposition of the 486,760 shares beneficially owned by LFT Partnership. Mrs. Lurie disclaims beneficial ownership of the 486,760 shares beneficially owned by LFT Partnership. (c) The only transactions in Common Stock by the Reporting Persons are described in Item 5. of Amendment Number 7 to Schedule 13D of Equity Holdings which is filed herewith as Exhibit 1 and is incorporated herein by reference. (d) and (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer Page 11 of 21 12 The individuals disclosed in Item 2. hereof hold the following positions with the Issuer: (i) Samuel Zell is Chairman of the Board of Directors and Chief Executive Officer; (ii) Sheli Z. Rosenberg is Vice President, Assistant Secretary and a member of the Board of Directors; and (iii) Arthur A. Greenberg is Senior Vice President and Treasurer. Arlington Leasing Co., a Nevada corporation ("Arlington"), which separately has filed a Schedule 13D and Amendments thereto, is part of a consolidated group with Equity Group Investments, Inc., an Illinois corporation ("EGI"), as its parent. EGI's shareholders include Alphabet Partners, ZFT Partnership, LFT Partnership and certain of the trusts which are partners of Alphabet Partners, ZFT Partnership and LFT Partnership. As a result of the ownership of EGI and subsequently Arlington, the Reporting Persons and Arlington may be deemed to be members of a "group" as that term is defined in Section 13 (d)(3) of the Securities Act of 1934, as amended. Item 7. Materials to Be Filed as Exhibits Exhibit 1 - Amendment Number 7 to Schedule 13D for Equity Holdings. Exhibit 2 - Joint Filing Agreement dated as of September 24, 1996. SIGNATURES After reasonable inquiry, and the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. /s/ Samuel Zell /s/ Ann Lurie - ------------------------ ----------------------- Samuel Zell Ann Lurie Samuel Zell Revocable Trust Ann Lurie Revocable Trust U/T/A 01/17/90 U/T/A 12/22/89 /s/ Samuel Zell /s/ Ann Lurie - ------------------------ ----------------------- Samuel Zell, Trustee Ann Lurie, Trustee Page 12 of 21 13 Alphabet Partners, an Illinois LFT Partnership general partnership By: Jesse Trust, a general partner By: SZA Trust, a general partner /s/ Arthur A. Greenberg /s/ Ann Lurie - ------------------------ ----------------------- Arthur A. Greenberg, Trustee Ann Lurie, Trustee ZFT Partnership, an Illinois general partnership By: Samuel Zell Trust, a general partner /s/ Sheli Z. Rosenberg - ------------------------ Sheli Z. Rosenberg, Trustee DATED: October 4, 1996 Page 13 of 21 14 APPENDIX A SCHEDULE 13D CUSIP NUMBER 140673104 SAMUEL ZELL: Mr. Zell is Chairman of the Board of Directors of Equity Group Investments, Inc. ("EGI") and Equity Financial and Management Company ("EFM"). Both firms are privately owned affiliated investment management firms. Mr. Zell is also Chairman of the Board and Chief Executive Officer of the Issuer. Mr. Zell is a citizen of the United States of America. SAMUEL ZELL REVOCABLE TRUST UNDER TRUST AGREEMENT DATED JANUARY 17, 1990: Mr. Zell is the trustee and beneficiary of the Samuel Zell Revocable Trust under trust agreement dated January 17, 1990 (the "Zell Trust"). The Zell Trust is an Illinois trust. Information concerning Mr. Zell is above. ALPHABET PARTNERS, AN ILLINOIS GENERAL PARTNERSHIP: Alphabet Partners is composed of ten trusts created for the benefit of Mr. Zell which share equally in the partnership. Arthur A. Greenberg is the sole trustee of the ten trusts. Mr. Greenberg is a principal in the accounting firm, Greenberg & Pociask, P.C. and an Executive Vice President of EGI. Mr. Greenberg is also a Senior Vice President and Treasurer of the Issuer. Mr. Greenberg is a citizen of the United States of America. ZFT PARTNERSHIP, AN ILLINOIS GENERAL PARTNERSHIP: ZFT Partnership is composed of fifteen trusts created for the benefit of Mr. Zell which share equally in the partnership. Sheli Z. Rosenberg is the sole trustee of the fifteen trusts. Mrs. Rosenberg is President and Chief Executive Officer of EGI and EF&M and a principal in the law firm, Rosenberg & Liebentritt, P.C. Mrs. Rosenberg is also a Vice President, Assistant Secretary and a member of the Board of Directors of the Issuer. Mrs. Rosenberg is a citizen of the United States of America. ANN LURIE: Mrs. Lurie is a private investor. Mrs. Lurie is a citizen of the United States of America. ANN LURIE REVOCABLE TRUST UNDER TRUST AGREEMENT DATED DECEMBER 22, 1989: Mrs. Lurie is the trustee and beneficiary of the Ann Lurie Revocable Trust under trust agreement dated December 22, 1989 (the "Lurie Trust"). The Lurie Trust is an Illinois trust. Information concerning Mrs. Lurie is above. LFT PARTNERSHIP, AN ILLINOIS GENERAL PARTNERSHIP: LFT Partnership is composed of six trusts each created for one of Mrs. Lurie's six children which each shares equally in the partnership. Mrs. Lurie is the sole trustee of the six trusts. Information concerning Mrs. Lurie is above. Page 14 of 21 15 EXHIBIT INDEX Exhibit Number Description Page - -------------- ----------- ---- 1 Amendment Number 7 to Schedule 13D for Equity Holdings. 16 2 Joint Filing Agreement dated September 24, 1996 20 Page 15 of 21 EX-1 2 AMEND. NO. 7 TO SCHEDULE 13D FOR EQUITY HOLDINGS 1 EXHIBIT 1 ------------------------------ OMB APPROVAL ------------------------------ OMB Number 3235-0145 Expires: August 31, 1991 Estimated average burden hours per response........ 14.90 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 7 )* Capsure Holdings Corp. - -------------------------------------------------------------------------------- (NAME OF ISSUER) Common Stock, par value $.05 per share - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 140673104 - -------------------------------------------------------------------------------- (CUSIP NUMBER) Sheli Z. Rosenberg, Rosenberg & Liebentritt, P.C. Two N. Riverside Plaza, Suite 600, Chicago, IL 60606 (312) 466-3990 - -------------------------------------------------------------------------------- (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) September 24, 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 [ ]. 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). 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. *The remainder of this cover page shall be filled our 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). Page 16 of 21 2 EXHIBIT 1 CUSIP No. 140673104 13D Page 2 of 4 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Equity Holdings 36-3206542 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois - -------------------------------------------------------------------------------- | 7 SOLE VOTING POWER | 0 NUMBER OF |------------------------------------------------------------- SHARES | 8 SHARED VOTING POWER BENEFICIALLY | OWNED BY |------------------------------------------------------------- EACH REPORTING | 9 SOLE DISPOSITIVE POWER PERSON WITH | 0 |------------------------------------------------------------- | 10 SHARED DISPOSTIVE POWER | - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 17 of 21 3 EXHIBIT 1 Issuer: Capsure Holdings Corp. CUSIP: 140673104 Reporting Person: Equity Holdings ONLY THOSE ITEMS AMENDED ARE REPORTED HEREIN. CAPITALIZED TERMS NOT OTHERWISE DEFINED HEREIN SHALL HAVE THE SAME MEANING AS THEY HAVE IN THE INITIAL SCHEDULE 13D AND AMENDMENTS THERETO Item 5. Interest in Securities of the Issuer (a), (c) and (e) On September 24, 1996, Equity Holdings ("EH") distributed the 3,042,253 shares of Common Stock it owned to its partners: 608,451 shares to Samuel Zell, Trustee of the Samuel Zell Revocable Trust under trust agreement dated January 17, 1990 and 2,433,802 shares to B/S Investments, an Illinois general partnership ("B/S"). B/S then distributed the 2,433,802 shares to its four partners: 1) 730,141 shares to Alphabet Partners, an Illinois general partnership; 2) 486,760 shares to Anda Partnership, a Nevada general partnership ("Anda"); 3) 486,760 shares to LFT Partnership, an Illinois general partnership; and 4) 730,141 shares to ZFT Partnership, an Illinois general partnership. Anda then distributed the 486,760 shares of Common Stock to its ten partners which are all trusts created for the benefit of Ann Lurie. Such trusts, pursuant to the trusts' agreements, then distributed the shares to their primary beneficiary, Ann Lurie. Ann Lurie then contributed the 486,760 to her revocable trust, the Ann Lurie Revocable Trust under trust agreement dated December 22, 1989, of which she is the sole trustee. As a result of the above, on September 24, 1996, EH ceased to be the beneficial owner of more than five percent of Capsure Holdings Corp., formerly Nucorp, Inc. SIGNATURE After reasonable inquiry, and the best of my knowledge and belief, I certify that the information set forth in the statement is true, complete and correct. DATED: October 4, 1996 EQUITY HOLDINGS By: Samuel Zell, Trustee of the Samuel Zell Revocable Trust dated January 17, 1990. By: /s/ Samuel Zell -------------------- Samuel Zell, Trustee Page 18 of 21 4 EXHIBIT 1 EXHIBIT INDEX Exhibit Number Description Page 1 Loan Agreement dated January 13, 1989 between EH and Bank. * 7(a) Certain pages from the Registration Statement * * Previously filed. Page 19 of 21 EX-2 3 JOINT FILING AGREEMENT 1 Exhibit 2 JOINT FILING AGREEMENT AGREEMENT dated as of September 24, 1996 among Samuel Zell; Samuel Zell as Trustee of the Samuel Zell Revocable Trust under trust agreement dated January 17, 1990; Alphabet Partners, an Illinois general partnership; ZFT Partnership, an Illinois general partnership; Ann Lurie; Ann Lurie as Trustee of the Ann Lurie Revocable Trust under trust agreement dated December 22, 1989; and LFT Partnership, an Illinois general partnership (collectively the "Reporting Persons"). WHEREAS, the Reporting Persons beneficially own shares of Common Stock, par value $.05 per share, of Capsure Holdings Corp., a Delaware Corporation. WHEREAS, the parties hereto may be deemed to constitute a "group" for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the "Act"); and WHEREAS, each of the parties hereto desire by this Agreement to provide for the joint filing of a Schedule 13D, and all amendments thereto, with the Securities and Exchange Commission. NOW, THEREFORE, the parties hereto agree as follows: 1. The parties hereto will join in the preparation and filing of a single statement containing the information required by Schedule 13D, and all amendments thereto, and the Schedule 13D and all such amendments will be filed on behalf of each party hereto; 2. Each party hereto will be responsible for the timely filing of the Schedule 13D, and all amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein. No party hereto will be responsible for the completeness or accuracy of the information concerning any other party contained in the Schedule 13D or any amendment thereto, except to the extent such party knows or has reason to believe that such information in inaccurate. 3. Susan Obuchowski will be designated as the person authorized to receive notices and communications with respect to the Schedule 13D and all amendments thereto. 4. This Agreement may be executed in counterparts, all of which when taken together will constitute one and the same instrument. Page 20 of 21 2 Exhibit 2 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written. /s/ Samuel Zell /s/ Ann Lurie - ----------------------------- ----------------------------- Samuel Zell Ann Lurie Samuel Zell Revocable Trust Ann Lurie Revocable Trust U/T/A 01/17/90 U/T/A 12/22/89 /s/ Samuel Zell /s/ Ann Lurie - ----------------------------- ----------------------------- Samuel Zell, Trustee Ann Lurie, Trustee Alphabet Partners, an Illinois LFT Partnership general partnership By: Jesse Trust, a general partner By: SZA Trust, a general partner /s/ Arthur A. Greenberg /s/ Ann Lurie - ----------------------------- ----------------------------- Arthur A. Greenberg, Trustee Ann Lurie, Trustee ZFT Partnership, an Illinois general partnership By: Samuel Zell Trust, a general partner /s/ Sheli Z. Rosenberg - ----------------------------- Sheli Z. Rosenberg, Trustee Page 21 of 21 -----END PRIVACY-ENHANCED MESSAGE-----