-----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, Sz6lMXy8f9jyz+OAgmLEQQB6jMk/+0PnBpgkCH93sNkkChsD1HauHe2BqnuQ1soc H9/uFle71H1xp4hVsvenIw== 0000950162-00-000077.txt : 20000203 0000950162-00-000077.hdr.sgml : 20000203 ACCESSION NUMBER: 0000950162-00-000077 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FINANCIAL SECURITY ASSURANCE HOLDINGS LTD/NY/ CENTRAL INDEX KEY: 0000913357 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE CARRIERS, NEC [6399] IRS NUMBER: 133261323 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-46241 FILM NUMBER: 511929 BUSINESS ADDRESS: STREET 1: C/O GENERAL COUNSEL STREET 2: 350 PARK AVE 13TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128260100 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: XL CAPITAL LTD CENTRAL INDEX KEY: 0000875159 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 980058718 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: CUMBERLAND HOUSE STREET 2: 1 VICTORIA ST CITY: HAMILTON HM11 BERMUD STATE: D2 BUSINESS PHONE: 4412928515 MAIL ADDRESS: STREET 1: CAHILL GORDON & REINDEL(IMMANUEL KOHN) STREET 2: 80 PINE STREET CITY: NEW YORKI STATE: NY ZIP: 10005 FORMER COMPANY: FORMER CONFORMED NAME: EXEL LTD DATE OF NAME CHANGE: 19950720 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Financial Security Assurance Holdings Ltd. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 31769P100 - -------------------------------------------------------------------------------- (CUSIP Number) December 1 , 1999 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: / / Rule 13d-1(b) /X/ Rule 13d-1(c) / / Rule 13d-1(d) 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 SCHEDULE 13G - ------------------------------------------------------------------------------- CUSIP No. Page 2 of 4 Pages 31769P100 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON XL CAPITAL LTD I.R.S. Employer Identification No.: 98-0191089 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF 2,555,133 SHARES ---------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH REPORTING --------------------------------------------------- PERSON WITH: 7 SOLE DISPOSITIVE POWER 2,555,133 ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,555,133 - ------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) / / - ------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.6% - ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (See Instructions) CO - ------------------------------------------------------------------------------- Page 2 of 4 Pages Item 1(a) Name of Issuer: Financial Security Assurance Holdings Ltd. ("FSA") Item 1(b) Address of Issuer's Principal Executive Offices: 350 Park Avenue New York, New York 10022 Item 2(a) Name of Person Filing: XL Capital Ltd Item 2(b) Address of Principal Business Office: Cumberland House 1 Victoria Street Hamilton, Bermuda HM11 Item 2(c) Citizenship: Cayman Islands Item 2(d) Title of Class of Securities: Common Stock, par value $.01 per share Item 2(e) CUSIP Number: 31769P100 Item 3: Not applicable. Item 4 Ownership: (a) Amount beneficially owned: 2,555,133 shares of Common Stock; these shares are held by Garrison Investments Ltd., an indirect wholly-owned subsidiary of XL Capital Ltd, by virtue of its ownership by XL Investments Ltd, XL Insurance Ltd and EXEL Holdings Limited. (b) Percent of class: 7.6% (33,517,995 outstanding shares of class, as set forth in FSA's Prospectus Supplement on Form 424B filed December 28, 1999) (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 2,555,133 (ii) shared power to vote or to direct the vote: (iii) sole power to dispose or to direct the disposition of: 2,555,133 (iv) shared power to dispose or to direct the disposition of: Item 5 Ownership of Five Percent or Less of a Class Not applicable. 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: Not applicable. Page 3 of 4 Pages 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 not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that 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. January 24, 2000 By: /s/ Paul S. Giordano ------------------------------ Name: Paul S. Giordano Title: Executive Vice President and General Counsel Page 4 of 4 Pages -----END PRIVACY-ENHANCED MESSAGE-----