-----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, MpgI8mtvQ83orCfCEvtvOu61RZOE4mi2bWgO6oSMXthgFcmyi15xtI4CUFXlHV2W o0TTO59fIBISzVndq35+fg== 0000780118-96-000003.txt : 19960118 0000780118-96-000003.hdr.sgml : 19960118 ACCESSION NUMBER: 0000780118-96-000003 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960117 SROS: AMEX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMWEST INSURANCE GROUP INC CENTRAL INDEX KEY: 0000780118 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 952672141 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-36908 FILM NUMBER: 96504141 BUSINESS ADDRESS: STREET 1: 6320 CANOGA AVE STE 300 CITY: WOODLAND HILLS STATE: CA ZIP: 91367 BUSINESS PHONE: 8187041111 MAIL ADDRESS: STREET 1: 6320 CANOGA AVENUE SUITE 300 STREET 2: PO BOX 4500 CITY: WOODLAND HILLS STATE: CA ZIP: 91367 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMWEST INSURANCE GROUP INC CENTRAL INDEX KEY: 0000780118 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 952672141 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 6320 CANOGA AVE STE 300 CITY: WOODLAND HILLS STATE: CA ZIP: 91367 BUSINESS PHONE: 8187041111 MAIL ADDRESS: STREET 1: 6320 CANOGA AVENUE SUITE 300 STREET 2: PO BOX 4500 CITY: WOODLAND HILLS STATE: CA ZIP: 91367 SC 13D 1 GENERAL STATEMENT OF BENEFICIAL OWNERSHIP SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13D Under the Securities Exchange Act of 1934 (Amendment No. 1) * Amwest Insurance Group, Inc. (Name of issuer) Common Stock, $.01 Par Value (Title of class of securities) 032345100 (CUSIP number) Mr. Phillip E. Huff, Vice President and Treasurer 6320 Canoga Avenue, Suite 300, Woodland Hills, CA 91367 (Name, address and telephone number of person authorized to receive notices and communications) March 22, 1995 (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. (Continued on following pages) Page 1 of 5 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 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. 032345100 13D Page 2 of 5 Pages 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS John E. Savage ###-##-#### 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 United States of America 7 SOLE VOTING POWER 151,616 shares NUMBER OF 8 SHARED VOTING POWER SHARES None BENEFICIALLY OWNED BY 9 SOLE DISPOSITIVE POWER EACH REPORTING 151,616 shares PERSON WITH 10 SHARED DISPOSITIVE POWER None 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 151,616 shares 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.3% 14 TYPE OF REPORTING PERSON * IN Item 1. Security and Issuer This Amendment to Schedule 13D relates to the shares of Common Stock, $.01 par value (the "Shares"), of Amwest Insurance Group, Inc., a Delaware corporation ("Amwest"). The principal executive offices of Amwest are located at 6320 Canoga Avenue, Suite 300, Woodland Hills, California 91367. Item 2. Identity and Background This Amendment to Schedule 13D is being filed by John E. Savage ("Savage") having his business address at 6320 Canoga Avenue, Suite 300, Woodland Hills, California 91367. Savage is employed as the Co-Chief Executive Officer, President and Chief Operating Officer of Amwest and is a citizen of the United States of America. During the last five years, Savage has not been convicted in a criminal proceeding and has not 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 or mandating 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 Savage has received, in his capacity as Co-Chief Executive Officer, President and Chief Operating Officer of Amwest, options to purchase Shares, pursuant to Amwest's Stock Option Plan. Certain of such options vest over five-years and certain vest over ten-years. Since the initial filing on Schedule 13D dated April 3, 1992 in which Savage disclosed beneficial ownership of 122,791 shares, Amwest on May 20, 1993, March 22, 1994 and April 4, 1995 granted to Savage options to purchase an aggregate of 30,800 Shares. In addition, certain options granted before April 3, 1992 have vested. Consequently, options to purchase an aggregate of 28,825 Shares held by Savage have vested since April 3, 1992 (21,125 Shares pursuant to options granted before April 3, 1992 and 7,700 Shares pursuant to options granted after April 3, 1992). Pursuant to Rule 13d-3, the Shares underlying such vested options are deemed beneficially owned by Savage. Item 4. Purpose of Transaction Savage received options to purchase Shares pursuant to Amwest's Stock Option Plan. Savage's beneficial ownership of Shares will increase in the future as additional options previously granted to him by Amwest, as well as any options granted in the future, vest. Item 5. Interest in Securities of the Issuer Savage beneficially owns an aggregate of 151,616 Shares, representing 6.3% of the outstanding Shares as computed in accordance with SEC Rule 13d-3(d)(1)(i). Savage serves as Trustee of the following Trusts: (1) Savage Family Stock Trust FBO Sandra Lee Savage which owns 19,478 Shares; (2) Savage Family Stock Trust FBO Lorraine Ann Savage which owns 19,478 Shares; and (3) Savage Family Stock Trust FBO Geraldine K. Thuresson which owns 19,479 Shares. In his capacity as Trustee, Savage has the sole power to vote or to direct the vote of, and the sole power to dispose or to direct the disposition of, such Shares. Savage directly owns 40,606 Shares. In addition, 52,575 Shares beneficially owned by Savage represent Shares which may be acquired by Savage within 60 days of January 15, 1996, pursuant to the exercise of options under Amwest's Stock Option Plan. Page 3 of 5 Pages Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer Savage serves as Co-Chief Executive Officer, President and Chief Operating Officer of Amwest. Savage is a party to a Senior Executive Severance Agreement with Amwest, pursuant to which Savage is entitled to certain compensation in the event his employment with Amwest is terminated under certain conditions. Savage is also a party to an indemnity agreement with Amwest regarding Savage's actions as an officer and director of Amwest. Pursuant to the terms of his employment, Savage from time to time may receive options to purchase Shares. Item 7. Material to be filed as Exhibits None Page 4 of 5 Pages 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. Dated: January 16, 1996 /s/ JOHN E. SAVAGE ___________________ John E. Savage Page 5 of 5 Pages -----END PRIVACY-ENHANCED MESSAGE-----