-----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, Dvl+FQegaujT6ckwInOOaWvwKvMa7UuyL0QMsp9D26nvw1DGL7lyId+P7JfUZrXy TwWFZ7IbpYPpvTAAohvbAA== 0000950134-96-000371.txt : 19960216 0000950134-96-000371.hdr.sgml : 19960216 ACCESSION NUMBER: 0000950134-96-000371 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960213 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EXEL LTD CENTRAL INDEX KEY: 0000875159 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 980058718 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-45271 FILM NUMBER: 96517031 BUSINESS ADDRESS: STREET 1: CUMBERLAND HOUSE STREET 2: 1 VICTORIA ST CITY: HAMILTON HM11 BERMUD STATE: D2 BUSINESS PHONE: 8092928515 MAIL ADDRESS: STREET 1: CAHILL GORDON & REINDEL(IMMANUEL KOHN) STREET 2: 80 PINE STREET CITY: NEW YORKI STATE: NY ZIP: 10005 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BARROW HANLEY MEWHINNEY & STRAUSS INC CENTRAL INDEX KEY: 0000313028 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 752403190 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 3232 MCKINNEY AVE STREET 2: 15TH FLOOR CITY: DALLAS STATE: TX ZIP: 75204-2429 BUSINESS PHONE: 2146651900 MAIL ADDRESS: STREET 1: 3232 MCKINNEY AVE STREET 2: 15TH FLOOR CITY: DALLAS STATE: TX ZIP: 75204-2429 SC 13G 1 SCHEDULE 13G 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. __________)* EXEL LIMITED - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock (Title of Class of Securities) - -------------------------------------------------------------------------------- 000G3242A1 ------------------------ (CUSIP Number) Check the following box if a fee is being paid with this statement [x]. (A fee is not required only if the filing 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). *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). Page 1 of 4 Pages 2 CUSIP No. 000G3242A1 13G ---------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Barrow, Hanley, Mewhinney & Strauss, Inc. 75-2403190 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Nevada 5 SOLE VOTING POWER NUMBER OF SHARES 145,100 BENEFICIALLY OWNED BY 6 SHARED VOTING POWER EACH REPORTING 2,240,400 PERSON WITH 7 SOLE DISPOSITIVE POWER 2,385,500 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,385,500 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.04% 12 TYPE OF REPORTING PERSON IA Page 2 of 4 Pages 3 Item 1(a). Name of Issuer. Exel Limited Item 1(b). Address of Issuer's Principal Executive Offices. Cumberland House 9th Floor 1 Victoria Street Hamilton, Bermuda HMII Item 2(a). Name of Person Filing. Barrow, Hanley, Mewhinney & Strauss, Inc. Item 2(b). Address of Principal Business Office or, if none, Residence. One McKinney Plaza 3232 McKinney Avenue, 15th Floor Dallas, Texas 75204-2429 Item 2(c). Citizenship. A Nevada corporation Item 2(d). Title of Class of Securities. Common Stock Item 2(e). CUSIP Number. 000G3242A1 Item 3. Filing Status. The person filing is an Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940. Item 4. Ownership. (a) Amount Beneficially Owned: 2,385,500 (b) Percent of Class: 5.04% (c) Number of shares as to which such person has (i) sole power to vote or to direct the vote: 145,100 (ii) shared power to vote or to direct the vote: 2,240,400 (iii) sole power to dispose or to direct the disposition of: 2,385,500 (iv) shared power to dispose or to direct the disposition of: None
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 [ ]. Page 3 of 4 Pages 4 Item 6. Ownership of More than Five Percent on Behalf of Another Person. The right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the common stock is held by certain clients of the reporting person, none of which has such right or power with respect to five percent or more of the common stock. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable 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 and belief, 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 purposes 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: February 9, 1996 BARROW, HANLEY, MEWHINNEY & STRAUSS, INC. By: /s/ Bryant M. Hanley, Jr. ----------------------------------- Bryant M. Hanley, Jr., President Page 4 of 4 Pages -----END PRIVACY-ENHANCED MESSAGE-----