-----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, JBy+cnSsSHGiZc5kL8H+3GpPAHWgzG/ohGHQsGtbGEcSI3SfO9nOT36sPo5eXLdq kH0SNxwx+Dpf7yxLjhV26w== 0001193805-08-001230.txt : 20080502 0001193805-08-001230.hdr.sgml : 20080502 20080502163102 ACCESSION NUMBER: 0001193805-08-001230 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080502 DATE AS OF CHANGE: 20080502 GROUP MEMBERS: MONICA DEEKS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NAVIGATORS GROUP INC CENTRAL INDEX KEY: 0000793547 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 133138397 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-37710 FILM NUMBER: 08799437 BUSINESS ADDRESS: STREET 1: ONE PENN PLAZA STREET 2: 55TH FL CITY: NEW YORK STATE: NY ZIP: 10119 BUSINESS PHONE: 2122442333 MAIL ADDRESS: STREET 1: ONE PENN PLAZA 55TH FL CITY: NEW YORK STATE: NY ZIP: 10119 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DEEKS TERENCE N CENTRAL INDEX KEY: 0001170862 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 2122442333 MAIL ADDRESS: STREET 1: C/O THE NAVIGATORS GROUP INC STREET 2: ONE PENN PLZ CITY: NEW YORK STATE: NY ZIP: 10119 SC 13D/A 1 e603776_sc13da-deeks.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO ss. 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO ss. 240.13(d)-2(a) (Amendment No. ___3___)* The Navigators Group, Inc. -------------------------- (Name of Issuer) Common Stock, par value $.10 per share -------------------------------------- (Title of Class of Securities) 638904102 -------------- (CUSIP Number) Terence N. Deeks c/o The Navigators Group, Inc. One Penn Plaza New York, New York 10119 (212) 244-2333 ------------------------------ with copies to: Marc M. Tract, Esq. Katten Muchin Rosenman LLP 575 Madison Avenue New York, New York 10022 (212) 940-8800 ------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 11, 2008 -------------- (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 that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. |_| NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7(b) for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting persons 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). (Continued on following pages) Page 1 of 6 - -------------------------------------------------------------------------------- CUSIP No. 638904102 Page 2 of 6 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Terence N. Deeks - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (SEE INSTRUCTIONS) (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DUAL: BRITISH SUBJECT/NATURALIZED AMERICAN - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 371,219 Shares* ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 80,842 Shares* OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 371,219 Shares* WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 80,842 Shares* - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,516,143 Shares* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| (SEE INSTRUCTIONS) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 14.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- * See Item 5 Page 2 of 6 - -------------------------------------------------------------------------------- CUSIP No. 638904102 Page 3 of 6 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Monica Deeks - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (SEE INSTRUCTIONS) (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) Non Applicable - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DUAL: BRITISH SUBJECT/NATURALIZED AMERICAN - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 2,064,082 Shares* ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 80,842 Shares* OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 2,064,082 Shares* WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 80,842 Shares* - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,144,924 Shares* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |X| (SEE INSTRUCTIONS) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 12.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- * See Item 5 Page 3 of 6 This Amendment No. 3 to Schedule 13D amends the statement on Schedule 13D (the "Initial Statement") which was originally filed by Terence N. Deeks and Monica J. Deeks (collectively, the "Reporting Persons") on April 9, 2002 and amended by the statements on Schedule 13D/A (the "Statements") filed by the Reporting Persons on March 17, 2005 and April 7, 2008. All capitalized terms used herein but not defined herein have the meanings set forth in the Initial Statement and the Statements. Item 5. Interest In Securities of Issuer. As of the date hereof, Terence N. Deeks may be deemed to beneficially own 2,516,143 shares of common stock (the "Shares") of The Navigators Group, Inc. a Delaware corporation (the "Company"), or approximately 14.9% of the outstanding Shares of the Company, representing the aggregate of (i) 371,219 Shares held by him outright, (ii) 75,842 Shares jointly held with Monica J. Deeks, (iii) 2,064,082 Shares held by the Terence N. Deeks 2006 Qualified Three Year Annuity Trust (the "2006 Trust"), the Terence N. Deeks 2007 Qualified Three Year Annuity Trust (the "2007 Trust") and the Terence N. Deeks 2008 Qualified Three Year Annuity Trust (the "2008 Trust", and collectively with the 2006 Trust and the 2007 Trust, the "Trusts"), and (iv) 5,000 shares held by the Deeks Family Foundation (the "Foundation"). This amount excludes 815,576 Shares which are held under certain instruments of trust for the benefit of Mr. Deeks' children and grandchildren, of which Mr. Deeks disclaims beneficial ownership. As of the date hereof, Monica J. Deeks may be deemed to beneficially own 2,144,924 Shares (or approximately 12.7% of the outstanding Shares of the Company) representing the aggregate of (i) 2,064,082 Shares held by the Trusts and (ii) 75,842 Shares jointly held with Terence N. Deeks and (iii) 5,000 Shares held by the Foundation. Terence N. Deeks has the sole power to vote and dispose of 371,219 Shares held by him. Monica J. Deeks, as trustee of the Trusts, has the sole power to vote and dispose of 2,064,082 Shares held by the Trusts. The Reporting Persons share the power to vote and dispose of 80,842 Shares. Pursuant to Rule 13d-4 of the Exchange Act, the Reporting Persons expressly disclaim beneficial ownership of the 2,064,082 Shares held by the Trusts, except to the extent of their pecuniary interest therein. In addition, Terence N. Deeks expressly disclaims beneficial ownership of the 5,000 shares held by the Foundation, expect to the extent of his pecuniary interest therein. The filing of this Schedule 13D shall not be construed as an admission that the Reporting Persons are the beneficial owner of any Shares held by the Trusts or the Foundation. On March 28, 2008 the Terence N. Deeks 2005 Qualified Three Year Annuity Trust (the "2005 GRAT") expired. On March 28, 2008, Marc M. Tract in his capacity as trustee for the transitional trust created upon the expiration of the 2005 GRAT (the "Transition Trust"), became the beneficial owner of 542,877 Shares previously held by the 2005 GRAT. Page 4 of 6 On April 11, 2008, in connection with the expiration of the 2005 GRAT and the appraisal of privately held limited liability company interests (the "Interests") held by Terence N. Deeks, Mr. Deeks assigned the Interests to Marc M. Tract as trustee for the Transition Trust. Mr. Deeks had previously memorialized his intention to make this assignment on March 27, 2008 but was unable to implement the assignment until the Interests had been appraised. As a result of this assignment Mr. Deeks will receive a supplemental distribution of 271,439 Shares out of the assets of the Transition Trust. Except as described herein, none of the Reporting Persons beneficially owns, and has not acquired or disposed of, any Shares during the past 60 days. Page 5 of 6 SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: May 2, 2008 By: /s/ Terence N. Deeks -------------------------- Terence N. Deeks By: /s/ Monica Deeks -------------------------- Monica Deeks Page 6 of 6 -----END PRIVACY-ENHANCED MESSAGE-----