-----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, LovJkdMND0XdvhR7LtlmaovShOEKJyPE5YoQxi4yq2dWUAbgfCuR5qvshTmwY5Uk djaG98+TybEN5mbeMvfGDQ== 0001047469-98-002676.txt : 19980202 0001047469-98-002676.hdr.sgml : 19980202 ACCESSION NUMBER: 0001047469-98-002676 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980130 SROS: NYSE GROUP MEMBERS: ASSOCIATED MADISON COMPANIES, INC. GROUP MEMBERS: PFS SERVICES, INC. GROUP MEMBERS: THE TRAVELERS INSURANCE COMPANY GROUP MEMBERS: THE TRAVELERS INSURANCE GROUP INC. GROUP MEMBERS: TRAVELERS GROUP INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WORLDCORP INC CENTRAL INDEX KEY: 0000811664 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, NONSCHEDULED [4522] IRS NUMBER: 943040585 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-40168 FILM NUMBER: 98517701 BUSINESS ADDRESS: STREET 1: 13873 PARK CTR RD STE 490 CITY: HERNDON STATE: VA ZIP: 22071 BUSINESS PHONE: 7038349200 MAIL ADDRESS: STREET 1: 13873 PARK CENTER ROAD CITY: HERNDON STATE: VA ZIP: 22071 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TRAVELERS GROUP INC CENTRAL INDEX KEY: 0000831001 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 521568099 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 388 GREENWICH ST STREET 2: LEGAL DEPT 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 2128168000 MAIL ADDRESS: STREET 1: 388 GREENWICH ST STREET 2: LEGAL DEPT 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10013 FORMER COMPANY: FORMER CONFORMED NAME: TRAVELERS INC DATE OF NAME CHANGE: 19940103 FORMER COMPANY: FORMER CONFORMED NAME: PRIMERICA CORP /NEW/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: COMMERCIAL CREDIT GROUP INC DATE OF NAME CHANGE: 19890102 SC 13G/A 1 SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.1) Worldcorp, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 981904-10-5 (CUSIP Number) *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 the disclosures provided in a prior cover page. The information required in 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(s)) SCHEDULE 13G CUSIP NO. 981904-10-5 - -------------------------------------------------------------------------------- 1) Name of Reporting Person The Travelers Insurance Company S.S. or I.R.S Identification 06-0566090 No. of Above Person - -------------------------------------------------------------------------------- 2) Check the Appropriate Box (a) ---------------------------- if a Member of a Group (See Instructions) (b) ---------------------------- - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Citizenship or Place of Organization Connecticut - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 0 Beneficially Owned (6) Shared Voting Power 866,974* by Each Reporting (7) Sole Dispositive Power 0 Person with (8) Shared Dispositive Power 866,974* - -------------------------------------------------------------------------------- 9) Aggregate Amount Beneficially Owned by Each Reporting Person 866,974* - -------------------------------------------------------------------------------- 10) Check if the Aggregate Amount in Row 9 Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11) Percent of Class Represented by Amount in Row 9 5.9%* - -------------------------------------------------------------------------------- 12) Type of Reporting Person IC (See Instructions) - -------------------------------------------------------------------------------- * Includes certain convertible securities. SCHEDULE 13G CUSIP NO. 981904-10-5 - -------------------------------------------------------------------------------- 1) Name of Reporting Person The Travelers Insurance Group Inc. S.S. or I.R.S Identification 06-1008174 No. of Above Person - -------------------------------------------------------------------------------- 2) Check the Appropriate Box (a) ---------------------------- if a Member of a Group (See Instructions) (b) ---------------------------- - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Citizenship or Place of Organization Connecticut - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 0 Beneficially Owned (6) Shared Voting Power 1,301,536* by Each Reporting (7) Sole Dispositive Power 0 Person with (8) Shared Dispositive Power 1,301,536* - -------------------------------------------------------------------------------- 9) Aggregate Amount Beneficially Owned by Each Reporting Person 1,301,536* - -------------------------------------------------------------------------------- 10) Check if the Aggregate Amount in Row 9 Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11) Percent of Class Represented by Amount in Row 9 8.8%* - -------------------------------------------------------------------------------- 12) Type of Reporting Person HC (See Instructions) - -------------------------------------------------------------------------------- * Includes certain convertible securities. SCHEDULE 13G CUSIP NO. 981904-10-5 - -------------------------------------------------------------------------------- 1) Name of Reporting Person PFS Services, Inc. S.S. or I.R.S Identification 58-1708749 No. of Above Person - -------------------------------------------------------------------------------- 2) Check the Appropriate Box (a) ---------------------------- if a Member of a Group (See Instructions) (b) ---------------------------- - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Citizenship or Place of Organization Georgia - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 0 Beneficially Owned (6) Shared Voting Power 1,301,536* by Each Reporting (7) Sole Dispositive Power 0 Person with (8) Shared Dispositive Power 1,301,536* - -------------------------------------------------------------------------------- 9) Aggregate Amount Beneficially Owned by Each Reporting Person 1,301,536* - -------------------------------------------------------------------------------- 10) Check if the Aggregate Amount in Row 9 Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11) Percent of Class Represented by Amount in Row 9 8.8%* - -------------------------------------------------------------------------------- 12) Type of Reporting Person HC (See Instructions) - -------------------------------------------------------------------------------- * Includes certain convertible securities. SCHEDULE 13G CUSIP NO. 981904-10-5 - -------------------------------------------------------------------------------- 1) Name of Reporting Person Associated Madison Companies, Inc. S.S. or I.R.S Identification 13-3140258 No. of Above Person - -------------------------------------------------------------------------------- 2) Check the Appropriate Box (a) ---------------------------- if a Member of a Group (See Instructions) (b) ---------------------------- - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 0 Beneficially Owned (6) Shared Voting Power 1,301,536* by Each Reporting (7) Sole Dispositive Power 0 Person with (8) Shared Dispositive Power 1,301,536* - -------------------------------------------------------------------------------- 9) Aggregate Amount Beneficially Owned by Each Reporting Person 1,301,536* - -------------------------------------------------------------------------------- 10) Check if the Aggregate Amount in Row 9 Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11) Percent of Class Represented by Amount in Row 9 8.8%* - -------------------------------------------------------------------------------- 12) Type of Reporting Person HC (See Instructions) - -------------------------------------------------------------------------------- * Includes certain convertible securities. SCHEDULE 13G CUSIP NO. 981904-10-5 - -------------------------------------------------------------------------------- 1) Name of Reporting Person Travelers Group Inc. S.S. or I.R.S Identification 52-1568099 No. of Above Person - -------------------------------------------------------------------------------- 2) Check the Appropriate Box (a) ---------------------------- if a Member of a Group (See Instructions) (b) ---------------------------- - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 0 Beneficially Owned (6) Shared Voting Power 1,330,136* by Each Reporting (7) Sole Dispositive Power 0 Person with (8) Shared Dispositive Power 1,330,136* - -------------------------------------------------------------------------------- 9) Aggregate Amount Beneficially Owned by Each Reporting Person 1,330,136* - -------------------------------------------------------------------------------- 10) Check if the Aggregate Amount in Row 9 Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11) Percent of Class Represented by Amount in Row 9 9.0%* - -------------------------------------------------------------------------------- 12) Type of Reporting Person HC (See Instructions) - -------------------------------------------------------------------------------- * Includes certain convertible securities. Item 1(a) Name of Issuer: Worldcorp, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 13873 Park Center Road, Ste. 490 Herndon, VA 20171 Item 2(a) Names of Persons Filing: The Travelers Insurance Company ("TIC") The Travelers Insurance Group Inc. ("TIGI") PFS Services, Inc. ("PFS") Associated Madison Companies, Inc. ("AMAD") Travelers Group Inc. ("TRV") Item 2(b) Address of Principal Business Office or, if none, Residence: The address of the principal business office of each of TIC and TIGI is: One Tower Square Hartford, Connecticut 06183 The address of the principal business office of PFS is: 3120 Breckinridge Blvd. Duluth, Georgia 30199-0001 The address of the principal business office of each of AMAD and TRV is: 388 Greenwich Street New York, New York 10013 Item 2(c) Citizenship: PFS is a Georgia corporation. TIC and TIGI are Connecticut corporations. AMAD and TRV are Delaware corporations. Item 2(d) Title of Class of Securities: Common Stock Item 2(e) CUSIP Number: 981904-10-5 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) [ ] Broker or Dealer registered under Sec. 15 of the Act (b) [ ] Bank as defined in Sec. 3(a)(6) of the Act (c) [ x ] Insurance Company as defined in Sec. 3(a)(19) of the Act (d) [ ] Investment Company registered under Sec. 8 of the Investment Company Act (e) [ ] Investment Adviser registered under Sec. 203 of the Investment Advisers Act of 1940 (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Sec. 240.13d-1(b)(1)(ii)(F) (g) [ x ] Parent Holding Company, in accordance with Sec. 240.13d- 1(b)(ii)(G) (Note: See Item 7) (h) [ ] Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(H) Item 4. Ownership (as of December 31, 1997) (a) Amount Beneficially Owned: See Item 9 of cover pages (b) Percent of Class: See Item 11 of cover pages (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote (ii) shared power to vote or to direct the vote (iii) sole power to dispose or to direct the disposition of (iv) shared power to dispose or to direct the disposition of See Items 5-8 of cover pages Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Item 6. Ownership of More than Five Percent on Behalf of Another Person Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company TIGI is the sole stockholder of TIC; PFS is the sole stockholder of TIGI; AMAD is the sole stockholder of PFS; and TRV is the sole stockholder of AMAD. Item 8. Identification and Classification of Members of the Group Not Applicable. Item 9. Notice of Dissolution of Group Not Applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. 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, 1998 THE TRAVELERS INSURANCE COMPANY By: /s/ Marla A. Berman -------------------------------------------- Name: Marla A. Berman Title: Assistant Secretary THE TRAVELERS INSURANCE GROUP INC. By: /s/ Marla A. Berman -------------------------------------------- Name: Marla A. Berman Title: Assistant Secretary PFS SERVICES, INC. By: /s/ Charles J. Gallo, Jr. -------------------------------------------- Name: Charles J. Gallo, Jr. Title: Vice President and Controller ASSOCIATED MADISON COMPANIES, INC. By: /s/ Marla A. Berman -------------------------------------------- Name: Marla A. Berman Title: Assistant Secretary TRAVELERS GROUP INC. By: /s/ Charles J. Gallo, Jr. -------------------------------------------- Name: Charles J. Gallo, Jr. Title: Assistant Controller EXHIBIT INDEX TO SCHEDULE 13G ----------------------------- EXHIBIT 1 - --------- Agreement among TIC, TIGI, PFS, AMAD and TRV as to joint filing of Schedule 13G EX-99.1 2 JOINT FILING AGREEMENT Exhibit 1 EXHIBIT 1 --------- AGREEMENT AS TO JOINT FILING OF SCHEDULE 13G -------------------------------------------- Each of the undersigned hereby affirms that it is individually eligible to use Schedule 13G, and agrees that this Schedule 13G is filed on its behalf. Date: January 28, 1998 THE TRAVELERS INSURANCE COMPANY By: /s/ Marla A. Berman -------------------------------------------- Name: Marla A. Berman Title: Assistant Secretary THE TRAVELERS INSURANCE GROUP INC. By: /s/ Marla A. Berman -------------------------------------------- Name: Marla A. Berman Title: Assistant Secretary PFS SERVICES, INC. By: /s/ Charles J. Gallo, Jr. -------------------------------------------- Name: Charles J. Gallo, Jr. Title: Vice President and Controller ASSOCIATED MADISON COMPANIES, INC. By: /s/ Marla A. Berman -------------------------------------------- Name: Marla A. Berman Title: Assistant Secretary TRAVELERS GROUP INC. By: /s/ Charles J. Gallo, Jr. -------------------------------------------- Name: Charles J. Gallo, Jr. Title: Assistant Controller -----END PRIVACY-ENHANCED MESSAGE-----