-----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, NEpg4O/q7SVTNUo7O/larPqplyIjL/qE2H9WXPSVK6i2LzmQmjY4M5drafDDf9Pq D7OYXZ/ple6N6LLhzgGJMw== 0000950148-98-001539.txt : 19980616 0000950148-98-001539.hdr.sgml : 19980616 ACCESSION NUMBER: 0000950148-98-001539 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980615 SROS: NONE GROUP MEMBERS: AMERICAN ASSETS, INC. GROUP MEMBERS: AVRETT ENTERPRISES, LTD. GROUP MEMBERS: CANPAC ENTERPRISES, LTD. GROUP MEMBERS: DHM TRUST GROUP MEMBERS: EVELYN SHIRLEY RADY AND EVELYN SHIRLEY RADY TRUST GROUP MEMBERS: EXPLORER INSURANCE COMPANY GROUP MEMBERS: INSURANCE COMPANY OF THE WEST GROUP MEMBERS: MEMRAD HOLDINGS, LTD. GROUP MEMBERS: RADY ERNEST S ET AL GROUP MEMBERS: SILPIT INDUSTRIES CO., LTD GROUP MEMBERS: WESTERN INSURANCE HOLDINGS, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WESTCORP /CA/ CENTRAL INDEX KEY: 0000813461 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 510308535 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-40199 FILM NUMBER: 98648656 BUSINESS ADDRESS: STREET 1: 23 PASTEUR RD CITY: IRVINE STATE: CA ZIP: 92718 BUSINESS PHONE: 7147271000 MAIL ADDRESS: STREET 1: 23 PASTEUR RD CITY: IRVINE STATE: CA ZIP: 92718 FORMER COMPANY: FORMER CONFORMED NAME: WESTCORP INC DATE OF NAME CHANGE: 19900917 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RADY ERNEST S ET AL CENTRAL INDEX KEY: 0001008243 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 545900349 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 8144 PRESTWICK DR CITY: LA JOLLA STATE: CA ZIP: 92037 BUSINESS PHONE: 6193502600 MAIL ADDRESS: STREET 1: 8144 PRESTWICK DR CITY: LA JOLLA STATE: CA ZIP: 92037 SC 13D/A 1 SCHEDULE 13D AMENDMENT 9 1 -------------------------- OMB APPROVAL -------------------------- OMB Number: 3235-0145 Expires: October 31, 1994 Estimated average burden hours per response: 14.90 -------------------------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 AMENDMENT NO. 9 on Schedule 13D WESTCORP -------------------------------------------------------- (Name of Issuer) Common Stock, $1.00 Par Value -------------------------------------------------------- (Title of Class of Securities) 957907108 -------------------------------------------------------- (CUSIP Number) ERNEST S. RADY President 23 Pasteur Road Irvine, California 92718-3804 -------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 28, 1998 -------------------------------------------------------- (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 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). Continued on following page(s)) Page 1 of 27 Pages 2 CUSIP No. 957907108 13D Page 2 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ERNEST S. RADY AND ERNEST S. RADY TRUST Social Security No. ###-##-#### - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* PF - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 63.14% (based on 26,391,654 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* OO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 3 CUSIP No. 957907108 13D Page 3 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON EVELYN SHIRLEY RADY AND EVELYN SHIRLEY RADY TRUST Social Security No. ###-##-#### - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* PF - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 63.14% (based on 26,391,654 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* OO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 4 CUSIP No. 957907108 13D Page 4 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AVRETT ENTERPRISES, LTD. I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation) - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CANADA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 63.14% (based on 26,391,654 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* CO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 5 CUSIP No. 957907108 13D Page 5 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SILPIT INDUSTRIES CO., LTD. I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation) - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CANADA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 63.14% (based on 26,391,654 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* CO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 6 CUSIP No. 957907108 13D Page 6 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MEMRAD HOLDINGS, LTD. I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation) - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CANADA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 63.14% (based on 26,391,654 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* CO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 7 CUSIP No. 957907108 13D Page 7 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AMERICAN ASSETS, INC. I.R.S. ID NO. 95-249-3347 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 63.14% (based on 26,391,654 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* CO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 8 CUSIP No. 957907108 13D Page 8 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CANPAC ENTERPRISES, LTD. I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation) - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CANADA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 63.14% (based on 26,391,654 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* CO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 9 CUSIP No. 957907108 13D Page 9 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WESTERN INSURANCE HOLDINGS, INC. I.R.S. ID NO. 95-2890041 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 63.14% (based on 26,391,654 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* IC ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 10 CUSIP No. 957907108 13D Page 10 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON INSURANCE COMPANY OF THE WEST I.R.S. ID NO. 95-2769232 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 63.14% (based on 26,391,654 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* IC ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 11 CUSIP No. 957907108 13D Page 11 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON EXPLORER INSURANCE COMPANY I.R.S. ID NO. 94-2784519 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION ARIZONA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 63.14% (based on 26,391,654 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* IC ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 12 CUSIP No. 957907108 13D Page 12 of 27 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DHM Trust I.R.S. ID NO. 33-6003176 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* PF - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CANADA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 63.14% (based on 26,391,654 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* OO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 13 Item 1. Security and Issuer. Common Stock, $1.00 par value WESTCORP 23 Pasteur Road Irvine, CA 92718-3804 Item 2. Identity and Background. ERNEST S. RADY AND ERNEST S. RADY TRUST (a) Ernest S. Rady and Ernest S. Rady, Trustee Mr. Rady's address is: 8144 Prestwick Drive La Jolla, CA 92037 (b) The Trust's principal business address is: 11455 El Camino Real San Diego, CA 92130-2045 Attn: Ernest S. Rady, Trustee (c) Mr. Rady, the Trustee of the above referenced trust is the Chairman, President and Chief Executive Officer of the Issuer and is an executive officer and/or director of many of the reporting parties included in this Schedule 13D. (d) Current conviction during the last five years: None (e) Securities laws proceedings: None. (f) Citizenship: CANADA EVERLY SHIRLEY RADY AND EVELYN SHIRLEY RADY TRUST (a) Evelyn Shirley Rady and Ernest S. Rady, Trustee Mrs. Rady's address is: 8144 Prestwick Drive La Jolla, CA 92037 (b) The Trust's principal business address is: 11455 El Camino Real San Diego, CA 92130-2045 Attn: Ernest S. Rady, Trustee (c) Mr. Rady, the Trustee of the above referenced trust is the Chairman, President and Chief Executive Officer of the Issuer and is an executive officer and/or director of many of the reporting parties included in this Schedule 13D. (d) Current conviction during the last five years: None (e) Securities laws proceedings: None (f) Citizenship: CANADA Page 13 of 27 Pages 14 AVRETT ENTERPRISES, LTD. (a) Avrett Enterprises, Ltd. (b) The principal business address is: Avrett Enterprises, Ltd. 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 (c) Current securities conviction during the last five years: None (d) Securities Laws proceedings: None (e) Canadian corporation. SILPIT INDUSTRIES CO., LTD. (a) Silpit Industries Co., Ltd. (b) The principal business address is: Silpit Industries Co., Ltd. 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 (c) Current securities conviction during the last five years: None (d) Securities Laws proceedings: None (e) California corporation. MEMRAD HOLDINGS, LTD. (a) Memrad Holdings, Ltd. (b) The principal business address is: Memrad Holdings, Ltd. 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3 (c) Current securities conviction during the last five years: None (d) Securities Laws proceedings: None (e) Canadian corporation. AMERICAN ASSETS, INC. (a) American Assets, Inc. (b) The principal business address is: American Assets, Inc. 11455 El Camino Real San Diego, California 92130-2045 (c) Current securities conviction during the last five years: None (d) Securities Laws proceedings: None (e) California corporation. Page 14 of 27 Pages 15 CANPAC ENTERPRISES, LTD. (a) Canpac Enterprises, Ltd. (b) The principal business address is: Canpac Enterprises, Ltd. 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 (c) Current securities conviction during the last five years: None (d) Securities Laws proceedings: None (e) Canadian corporation. WESTERN INSURANCE HOLDINGS, INC. (a) Western Insurance Holdings, Inc. (b) The principal business address is: Western Insurance Holdings, Inc. 11455 El Camino Real San Diego, California 92130-2045 (c) Current securities conviction during the last five years: None (d) Securities Laws proceedings: None (e) California corporation. INSURANCE COMPANY OF THE WEST (a) Insurance Company of the West (b) The principal business address is: Insurance Company of the West 11455 El Camino Real San Diego, California 92130-2045 (c) Current securities conviction during the last five years: None (d) Securities Laws proceedings: None (e) California corporation. EXPLORER INSURANCE COMPANY (a) Explorer Insurance Company (b) The principal business address is: Explorer Insurance Company 11455 El Camino Real San Diego, California 92130-2045 (c) Current securities conviction during the last five years: None (d) Securities Laws proceedings: None (e) Arizona corporation. DHM TRUST (a) DHM Trust, Ernest S. Rady, Trustee Mr. Rady's address is: 8144 Prestwick Drive La Jolla, CA 92037 (b) The Trust's principal business address is: 11455 El Camino Real San Diego, CA 92130-2045 Attn: Ernest S. Rady, Trustee (c) Mr. Rady, the Trustee of the above referenced trust is the Chairman, President and Chief Executive Officer of the Issuer and is an executive officer and/or director of many of the reporting parties included in the Schedule 13D. (d) Current conviction during last five years: None (e) Securities laws proceedings: None (f) Citizenship: Canada Identification of Members of the Group The Ernest S. Rady Trust (a) Ernest S. Rady, Trustee Page 15 of 27 Pages 16 Evelyn Shirley Rady (a) Ernest S. Rady, Trustee Avrett Enterprises, Ltd. (a) Avrett Enterprises, Ltd.
Names and Addresses of Officers and Directors as of May 28, 1998 Title ------------------------------------- ----- Sylvia Silverberg President, Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 Evelyn Rady Vice President, Director 8144 Prestwick Drive La Jolla, CA 92037 Nora Kaufman Secretary, Treasurer, Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7
Silpit Industries Co., Ltd.
Names and Addresses of Officers and Directors as of May 28, 1998 Title ------------------------------------- ----- (a) Silpit Industries Co., Ltd. David S. Kaufman President, Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 G.L. Stoddart Vice President 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 Nora Kaufman Secretary, Treasurer, Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7
Page 16 of 27 Pages 17 Evelyn Rady Director 8144 Prestwick Drive La Jolla, CA 92037 Sylvia Silverberg Director 70 Arthur Streer Winnipeg, Manitoba Canada R3B 1G7 Allan Kaufman Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7
Memrad Holdings, Ltd.
Names and Addresses of Officers and Directors as of May 28, 1998 Title ------------------------------------- ----- (a) Memrad Holdings, Ltd. Ernest S. Rady President, Director 8144 Prestwick Drive La Jolla, CA 92037 Marjorie Blankstein Vice President, Director 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3 Morley Blankstein Vice President 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3 Mindel Olenick Secretary, Treasurer, Director 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3 Thomas Z. Olenick Vice President 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3
Page 17 of 27 Pages 18 Brian Hirsch Secretary 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3 American Assets, Inc. (a) American Assets, Inc., a California corporation
Names and Addresses of Officers and Directors as of May 28, 1998 Title ------------------------------------- ----- Ernest S. Rady Chairman of the Board, President 8144 Prestwick Drive La Jolla, CA 92037 Harry M. Rady Director 11455 El Camino Real San Diego, CA 92130-2045 Bernard M. Feldman Director 11455 El Camino Real San Diego, CA 92130-2045 John J. Chamberlain Chief Executive Officer, Senior 11455 El Camino Real Executive Vice President San Diego, CA 92130-2045 Allen Garrett Executive Vice President, Chief 11455 El Camino Real Operating Officer San Diego, CA 92130-2045 Valerie A McPherson Vice President, Chief Financial 11455 El Camino Real Officer, Secretary San Diego, CA 92130-2045 James R. Cronemeyer Vice President, Commercial 11455 El Camino Real Property Management San Diego, CA 92130-2045 Richard M. McKee Vice President - Construction 11455 El Camino Real San Diego, CA 92130-2045
Page 18 of 27 Pages 19 Canpac Enterprises, Ltd. (a) Canpac Enterprises, Ltd.
Names and Addresses of Officers and Directors as of May 28, 1998 Title ------------------------------------- ----- Ernest S. Rady President, Director 8144 Prestwick Drive La Jolla, CA 92037 Brian Hirsch Secretary, Treasurer, Director 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3
Western Insurance Holdings, Inc.
Names and Addresses of Officers and Directors as of May 28, 1998 Title ------------------------------------- ----- (a) Western Insurance Holdings, Inc. Ernest S. Rady Chairman of the Board 8144 Prestwick Drive La Jolla, CA 92037 Bernard M. Feldman President, Director 11455 El Camino Real San Diego, CA 92130-2045 H. Michael Freet Senior Vice President, Treasurer, 11455 El Camino Real Director San Diego, CA 92130-2045 James W. Austin III Secretary 11455 El Camino Real San Diego, CA 92130-2045
Page 19 of 27 Pages 20 Insurance Company of the West (a) Insurance Company of the West
Names and Addresses of Officers and Directors as of May 28, 1998 Title ------------------------------------- ----- Ernest S. Rady Chairman of the Board 8144 Prestwick Drive La Jolla, CA 92037 Bernard M. Feldman President, Director 11455 El Camino Real San Diego, CA 92130-2045 Richard S. King Director 11455 El Camino Real San Diego, CA 92130-2045 Michael F. McAuliffe Director 11455 El Camino Real San Diego, CA 92130-2045 Bruce N. Moore Director 11455 El Camino Real San Diego, CA 92130-2045 James B. Rathbun Director 11455 El Camino Real San Diego, CA 92130-2045 Charles E. Scribner Director 11455 El Camino Real San Diego, CA 92130-2045 David S. Kaufman Director 11455 El Camino Real San Diego, CA 92130-2045 H. Michael Freet Senior Vice President, Treasurer 11455 El Camino Real San Diego, CA 92130-2045 John L. Hannum Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045
Page 20 of 27 Pages 21 James A. Currie Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045 John A. Difalco Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045 Rory Read Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045 Walter F.A. Prayer Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045 James W. Austin III Vice President, Secretary and 11455 El Camino Real General Counsel San Diego, CA 92130-2045 Fariborz Rostamian Vice President, Controller 11455 El Camino Real San Diego, CA 92130-2045 H. Edward Hire Vice President 11455 El Camino Real San Diego, CA 92130-2045 Gene P. Irizarry Vice President 11455 El Camino Real San Diego, CA 92130-2045 Leslie M. Obayashi Vice President 11455 El Camino Real San Diego, CA 92130-2045 Samuel A. Banks, Sr. Resident Vice President 11455 El Camino Real San Diego, CA 92130-2045 Dennis E. Osgood Vice President 11455 El Camino Real San Diego, CA 92130-2045 Bruce J. Schryver Vice President 11455 El Camino Real San Diego, CA 92130-2045
Page 21 of 27 Pages 22 Daniel F. Reading Vice President 11455 El Camino Real San Diego, CA 92130-2045 E. Harned Davis Vice President 11455 El Camino Real San Diego, CA 92130-2045
Explorer Insurance Company (a) Explorer Insurance Company
Names and Addresses of Officers and Directors as of May 28, 1998 Title ------------------------------------- ----- Ernest S. Rady Chairman of the Board 8144 Prestwick Drive La Jolla, CA 92037 Bernard M. Feldman President, Director 11455 El Camino Real San Diego, CA 92130-2045 Frederick Bernard Tisovic Senior Vice President, Director 11455 El Camino Real San Diego, CA 92130-2045 James W. Austin III Director 11455 El Camino Real San Diego, CA 92130-2045 H. Michael Freet Treasurer, Director 11455 El Camino Real San Diego, CA 92130-2045 John L. Hannum Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045 Gene P. Irizarry Vice President 11455 El Camino Real San Diego, CA 92130-2045 E. Harned Davis Vice President 11455 El Camino Real San Diego, CA 92130-2045
Page 22 of 27 Pages 23 John A. Difalco Vice President 11455 El Camino Real San Diego, CA 92130-2045 Fariborz Rostamian Vice President 11455 El Camino Real San Diego, CA 92130-2045 Raimundo Ruiz Vice President 11455 El Camino Real San Diego, CA 92130-2045 Mary E. Cannon Secretary 11455 El Camino Real San Diego, CA 92130-2045 DHM Trust (a) Ernest S. Rady Trustee
DHM TRUST (a) DHM Trust
Names and Addresses of Officers and Directors as of May 28, 1998 Title ------------------------------------- ----- Ernest S. Rady Trustee 8144 Prestwick Drive La Jolla, CA 92037
Item 3. Source and Amount of Funds and Other Consideration. The consideration paid for the securities purchased was cash from working capital. Item 4. Purpose of Transaction. Investment. Item 5. Interest in Securities of the Issuer. This filing is for the cumulative share holdings of an affiliated group as of the close of business on May 28, 1998. The various entities named in this Schedule 13D directly or indirectly collectively owned, as of such date, 16,663,138 outstanding shares of Common Stock of the Issuer (including 49,966 shares pursuant to options exercisable by the affiliated group within 60 days), representing 63.14% of the outstanding shares of Common Stock of the Issuer (including 49,966 shares pursuant to the above referenced options). Exhibit A attached hereto and incorporated by this reference herin depicts the relationship among the various affiliated companies in the "Rady" group. There is no formal agreement to vote or dispose of the shares of the issuer in a particular manner. The dispositive and voting power of each of the trusts and companies shown on Schedule A is made independent of the other, except to the extent that Mr. and Mrs. Rady may be shareholders, officers and/or directors of the various companies and in that respect are able to control disposition and voting of the shares of the Issuer owned by each such company. The following securities transactions occurred in the sixty (60) day period preceding May 28, 1998: May 28, 1998: American Assets, Inc. purchased 383,500 shares at $11.675 per share. Page 23 of 27 Pages 24 Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. SEE DISCUSSION UNDER ITEM 5 ABOVE Additionally, pursuant to the provisions of the Ernest S. Rady Trust and the Evelyn S. Rady Trust, Ernest S. Rady, as trustee, has the power to sell, buy, retain, invest and reinvest the trusts' assets, which include the shares of the Issuer's Common Stock. Item 7. Material to be Filed as Exhibits. NONE Page 24 of 27 Pages 25 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. Ernest S. Rady Trust Dated: June 15, 1998 /s/ Ernest S. Rady -------------------------------------- Ernest S. Rady, Trustee Evelyn Shirley Rady Trust Dated: June 15, 1998 /s/ Ernest S. Rady -------------------------------------- Ernest S. Rady, Trustee American Assets, Inc. Dated: June 15, 1998 By: /s/ Ernest S. Rady ---------------------------------- Ernest S. Rady, Chairman Avrett Enterprises, Ltd. Dated: June 15, 1998 By: /s/ Evelyn Rady ----------------------------------- Evelyn Rady, Vice President Canpac Enterprises, Ltd. Dated: June 15, 1998 By: /s/ Ernest S. Rady ---------------------------------- Ernest S. Rady, President Insurance Company of the West Dated: June 15, 1998 By: /s/ Ernest S. Rady ---------------------------------- Ernest S. Rady, Chairman Page 25 of 27 Pages 26 Memrad Holdings, Ltd. Dated: June 15, 1998 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, President Silpit Industries Co., Ltd. Dated: June 15, 1998 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, Chairman Western Insurance Holdings, Inc. Dated: June 15, 1998 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, Chairman Explorer Insurance Inc. Dated: June 15, 1998 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, Chairman DHM Trust Dated: June 15, 1998 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, Trustee
Page 26 of 27 Pages 27 Exhibit A Organizational Chart of Rady Entities Beneficially Holding Shares in Westcorp as of May 28, 1998 HOLDING COMPANY STRUCTURE ----------------- ----------------- - -----------Ernest Rady Trust----------- Evelyn Rady Trust------- / --- ---- / ------/----------- / / ----------------- / / ----------------- / / / / / / / / / / / / / 47% / / / 50% 25.9% / / / / / / / / / / / ---------------------/ / ------------------------ / / / / Memrad Holdings, Ltd./ / Avrett Enterprises, Ltd.------ / / / ---------------------/ / ------------------------ / / / / / / / / / / / / / / / 62.5% 4.75% / / / / / / / / / / 35.9% / / / / / 44.9% / / / / / / / / / / / -------------------------- / 2.2% / / 15.2% / / / Silpit Industries Co. Ltd.-- / / / / / / / -------------------------- / / / / / / / / 25.4% / / / / / / / ------------------------ / / / / / -------/-----Canpac Enterprises, Ltd.---- / / / / / ------------------------ / / / / / / / / / / ----------------/------ / / / / --------------------- / / / 7.0% / -------American Assets, Inc.-- 24.3%-- / / / ---------------- / / / --------------------- / / / 49.1% / 88% / / / ----------------------------------------- / 0.7% / / / / / / / --------------------- / / / Western Ins. Holdings / / / --------------------- / / / / / / / / 100% / / / / / / / ------------------------- / / / ------------ 5.8% ------- Insurance Co. of the West / / --------- / / ------------------------- / / DHM Trust / / / / / .007% / / / 100% / / --------- / / / / / / / / ---------------------- / / / / / ---------- 0.1% --------- Explorer Insurance Co. / / / / / / ---------------------- / / / / / / / / /--------------- / - --------------Westcorp---------------------------------------------------------- -------- / / 100% / ----------------- Western Financial Bank ----------------- Page 27 of 27 Pages -----END PRIVACY-ENHANCED MESSAGE-----