-----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, Hw/pZDdst9P28H0ySPD6Tu0x+gxiXayaSLgXrmFYNk/rbtpyGkm6TMWbEOzTigPs aLjVBa9dFzofYe/3EzZ9fg== 0001047469-04-020254.txt : 20040614 0001047469-04-020254.hdr.sgml : 20040611 20040614123428 ACCESSION NUMBER: 0001047469-04-020254 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20040614 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ON2 TECHNOLOGIES INC CENTRAL INDEX KEY: 0001045280 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 841280679 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56347 FILM NUMBER: 04860598 BUSINESS ADDRESS: STREET 1: 145 HUDSON STREET CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 9172370500 MAIL ADDRESS: STREET 1: 645 FIFTH AVE STREET 2: C/O STEVEN SISKIND CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: ON2COM INC DATE OF NAME CHANGE: 19990622 FORMER COMPANY: FORMER CONFORMED NAME: APPLIED CAPITAL FUNDING INC DATE OF NAME CHANGE: 19971002 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CITIGROUP INC CENTRAL INDEX KEY: 0000831001 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 521568099 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10043 BUSINESS PHONE: 2125591000 MAIL ADDRESS: STREET 1: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10043 FORMER COMPANY: FORMER CONFORMED NAME: TRAVELERS GROUP INC DATE OF NAME CHANGE: 19950519 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 SC 13D/A 1 a2137396zsc13da.txt SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 11)* On2 Technologies, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 - -------------------------------------------------------------------------------- (Title of Class of Securities) 68338A-10-7 - -------------------------------------------------------------------------------- (CUSIP Number) - -------------------------------------------------------------------------------- David C. Goldberg, Esq. Citigroup Inc. 425 Park Avenue New York, NY 10043 (212) 559-1000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 4, 2004 - -------------------------------------------------------------------------------- (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 ss.240.13d-7 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). - ---------------------------- ------------------------- CUSIP No. 68338A-10-7 SCHEDULE 13D Page 1 of 12 pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) The Travelers Insurance Company ("TIC") - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER 0 ----------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 6,578,054** ----------------------------------------------------- EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,578,054** - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,578,054** - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9%** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents (1) 400,000 shares of common stock issuable upon the conversion of On2 Technologies, Inc., a Delaware corporation ("On2" or the "Company") Series A preferred shares, (2) 820,911 shares of common stock issuable upon the conversion of On2 Series C-VI preferred shares and (3) 5,357,143 shares of common stock issuable upon the exercise of On2 Series C-VI Warrants. - ------------------------------- ------------------------- CUSIP No. 68338A-10-7 SCHEDULE 13D Page 2 of 12 pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Citigroup Insurance Holding Corporation ("CIHC") - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Georgia - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER 0 ----------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 6,578,054** ----------------------------------------------------- EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,578,054** - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,578,054** - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9%** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents shares directly beneficially owned by The Travelers Insurance Company. CIHC disclaims beneficial ownership of any On2 common stock. - --------------------------- ------------------------- CUSIP No. 68338A-10-7 SCHEDULE 13D Page 3 of 12 pages - ------------- ------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Associated Madison Companies, Inc. ("Associated Madison") - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) |_| - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER 0 ----------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 6,578,054** ----------------------------------------------------- EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,578,054** - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,578,054** - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9%** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents shares directly beneficially owned by The Travelers Insurance Company. Associated Madison disclaims beneficial ownership of any On2 common stock. - ------------------------------ ---------------------------- CUSIP No. 68338A-10-7 SCHEDULE 13D Page 4 of 12 pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Citigroup Alternative Investments LLC ("CAI") - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER 0 ----------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 0** ----------------------------------------------------- EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 0** - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0** - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0%** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Prior to the merger between The St. Paul Companies Inc. ("St. Paul") and Travelers Property Casualty Corp ("TAP") effective as of April 1, 2004 (the "Merger"), Citigroup Alternative Investments LLC ("CAI") managed investments on behalf of The Travelers Indemnity Company ("Travelers Indemnity"), a wholly owned subsidiary of TAP. As a result of the Merger, effective June 4, 2004, CAI no longer managed investments in the Company's securities on behalf of Travelers Indemnity and no longer beneficially owned any of the Company's securities. See Item 5. - ------------------------------ ---------------------------- CUSIP No. 68338A-10-7 SCHEDULE 13D Page 5 of 12 pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Citigroup Investments Inc. ("CII") - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER 0 ----------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 0** ----------------------------------------------------- EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 0** - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0** - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0%** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Prior to the Merger, CAI, a wholly owned subsidiary of CII, managed investments on behalf of Travelers Indemnity, a wholly owned subsidiary of TAP. As a result of the Merger, effective June 4, 2004, CAI no longer managed investments in the Company's securities on behalf of Travelers Indemnity and no longer beneficially owned any of the Company's securities. See Item 5. - -------------------------- ------------------------------ CUSIP No. 68338A-10-7 SCHEDULE 13D Page 6 of 12 pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Citigroup Inc. ("Citigroup") - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER 0 ----------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 6,588,914** ----------------------------------------------------- EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,588,914** - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,588,914** - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9%** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents (i) 6,578,054 shares directly beneficially owned by The Travelers Insurance Company and (ii) 10,860 shares directly beneficially owned by other subsidiaries of Citigroup. Citigroup disclaims beneficial ownership of any shares of On2 common stock. SCHEDULE 13D This Amendment No. 11 to Schedule 13D amends the Schedule 13D filed on May 17, 2000, as amended by Amendment No. 1 filed on June 16, 2000, as amended by Amendment No. 2 filed on July 23, 2001, as amended by Amendment No. 3 filed on August 17, 2001, as amended by Amendment No. 4 filed on April 12, 2002, as amended by Amendment No. 5 filed on May 29, 2002, as amended by Amendment No. 6 filed on June 3, 2002, as amended by Amendment No. 7 filed on August 30, 2002, as amended by Amendment No. 8 filed on August 29, 2003, as amended by Amendment No. 9 filed on December 16, 2003, as amended by Amendment No. 10 filed on February 27, 2004, relating to the common stock, par value $0.01 per share (the "Common Stock") of On2 Technologies, Inc., a Delaware corporation ("On2" or the "Company"). Except as otherwise described herein, the information contained in the Schedule 13D, as amended, remains in effect and all capitalized terms shall have the meaning previously ascribed to them. Information given in response to each item in this Schedule 13D shall be deemed incorporated by reference in all other items. ITEM 2. INDENTITY AND BACKGROUND. The response to Item 2 of the Schedule 13D is hereby amended as follows. (a) - (c) Please see Schedule A attached hereto. ITEM 4. PURPOSE OF TRANSACTION. Prior to the merger between St. Paul and TAP effective as of April 1, 2004 (the "Merger"), CAI managed investments on behalf of Travelers Indemnity, a wholly owned subsidiary of TAP. As a result of the Merger, effective June 4, 2004, CAI no longer managed investments in the Company's securities on behalf of Travelers Indemnity and no longer beneficially owned any of the Company's securities. See Item 5. Except as described in this Item 4 of this Schedule 13D, none of the Reporting Persons nor, to the best knowledge of each Reporting Person, any of the persons named in Schedule A to this Schedule 13D, has formulated any plans or proposals which relate to or would result in: (a) the acquisition by any person of additional securities of the Company, or the disposition of securities of the Company; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (d) any change in the present Board of Directors or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board; (e) any material change in the present capitalization or dividend policy of the Company; (f) any other material change in the Company's business or corporate structure; (g) any changes in the Company's charter or by-laws or other actions which may impede the acquisition or control of the Company by any person; (h) causing a class of securities of the Company to be delisted from a national securities exchange or cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) causing a class of equity securities of the Company to become eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (j) any action similar to those enumerated above. ITEM 5. INTEREST IN SECURITIES OF THE COMPANY. The response to Item 5 of the Schedule 13D is hereby amended and supplemented as follows: The ownership calculations in Item 5 of this Schedule 13D are based upon the Reporting Persons holdings as of the date of this Schedule 13D and the 76,586,147 shares of Common Stock outstanding, as reported in the Company's Form 10-QSB filed on May 13, 2004. (a) TIC. TIC beneficially owns 6,578,054 shares, or 7.9%, of the Company's Common Stock. This includes (i) 400,000 shares of Common Stock issuable upon the conversion of On2 Series A preferred shares, which subject to certain conditions, may be converted at any time; (ii) 820,911 shares of Common Stock issuable upon the conversion of On2 Series C-VI preferred shares, which subject to certain conditions, may be converted at any time; and (iii) 5,357,143 shares of Common Stock issuable upon the exercise of On2 Series C-VI Warrants, which subject to certain conditions, may be exercised at any time at a price of $0.56 per share. TIC disclaims beneficial ownership of the 10,860 shares of Common Stock beneficially owned by other Citigroup subsidiaries. CIHC and ASSOCIATED MADISON. CIHC owns all of the outstanding common stock of TIC; Associated Madison owns all of the outstanding common stock of CIHC. As a result, each of CIHC and Associated Madison may be deemed to beneficially own the 6,578,054 shares, or 7.9%, of the Company's Common Stock that is beneficially owned by TIC. CIHC and Associated Madison each disclaim beneficial ownership of the 10,860 shares of Common Stock held by other Citigroup subsidiaries. CAI. As a result of the Merger, effective June 4, 2004, CAI no longer managed the beneficial ownership interest in shares of the Company's Common Stock that were directly beneficially owned by Travelers Indemnity and no longer beneficially owned any of the Company's Common Stock. CAI disclaims beneficial ownership of the 6,578,054 shares of Common Stock beneficially owned by TIC and the 10,860 shares beneficially owned by other Citigroup subsidiaries. CII. CII owns all of the outstanding common stock of CAI. Upon completion of the Merger, CII no longer indirectly beneficially owned the shares of the Company's Common Stock that CAI had managed. CII disclaims beneficial ownership of the 6,578,054 shares of Common Stock beneficially owned by TIC and the 10,860 shares beneficially owned by other Citigroup subsidiaries. CITIGROUP. Citigroup owns all of the outstanding common stock of CII and Associated Madison. As a result of its holding company structure, Citigroup may be deemed to beneficially own 6,588,914 shares, or 7.9%, of the Company's Common Stock. This includes (i) 6,578,054 shares of Common Stock beneficially owned by TIC and (ii) 10,860 shares of Common Stock beneficially owned by other Citigroup subsidiaries. Citigroup disclaims beneficial ownership of any shares of the Company's Common Stock. (b) TIC, CIHC, Associated Madison and Citigroup may be deemed to share the voting and dispositive power of 6,578,054 shares of Common Stock beneficially owned by TIC. Citigroup may be deemed to share the voting and dispositive power of 10,860 shares of Common Stock beneficially owned by other subsidiaries of Citigroup. (c) To the best knowledge of the Reporting Persons, during the period since the filing of Amendment 10 to this Schedule 13D on February 27, 2004, the Reporting Persons have engaged in the following transactions: On each of the following dates, TIC sold shares of Common Stock in open market transactions in the amount and at the average price described below:
DATE SHARES SOLD AVERAGE PRICE ---- ----------- ------------- February 24, 2004 23,950 $1.07 February 25, 2004 38,625 $1.06 February 26, 2004 60,400 $0.98 February 27, 2004 67,570 $1.00 March 1, 2004 53,200 $0.96 March 2, 2004 63,850 $1.00 March 3, 2004 46,250 $0.94
Other than the foregoing transactions and as otherwise described in Item 4, neither the Reporting Persons nor, to the best knowledge of each Reporting Person, any of the persons named in Schedule A to the Statement on Schedule 13D, have effected a transaction in shares of Common Stock during the period since the filing of Amendment 10 to this Schedule 13D on February 27, 2004 (excluding transactions that may have been effected by certain subsidiaries of Citigroup for managed accounts with funds provided by third party customers). ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Prior to the Merger, CAI managed investments on behalf of Travelers Indemnity, a wholly owned subsidiary of TAP. In connection with the Merger, St. Paul and CAI agreed that CAI would temporarily continue to manage investments in the Company's securities on behalf of Travelers Indemnity and thus CAI continued to be a beneficial owner of the Company's securities (for a copy of the Merger agreement, see Form 8-K dated April 1, 2004 and Exhibit 10(t) of the Form 10-K for the year ended December 31, 2003 filed by The St. Paul Travelers Companies, Inc.). On June 4, 2004, St. Paul assumed control of the Company's securities thereby terminating CAI's investment discretion and beneficial ownership. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. EXHIBIT DESCRIPTION - ------- ----------- 1 Joint Filing Agreement among the Reporting Persons 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. Dated: June 10, 2004 CITIGROUP ALTERNATIVE INVESTMENTS LLC By: /s/ Andrew E. Feldman --------------------------- Name: Andrew E. Feldman Title: Assistant Secretary CITIGROUP INVESTMENTS INC. By: /s/ Andrew E. Feldman --------------------------- Name: Andrew E. Feldman Title: Assistant Secretary THE TRAVELERS INSURANCE COMPANY By: /s/ David C. Goldberg --------------------------- Name: David C. Goldberg Title: Assistant Secretary CITIGROUP INSURANCE HOLDING CORPORATION By: /s/ David C. Goldberg --------------------------- Name: David C. Goldberg Title: Assistant Secretary ASSOCIATED MADISON COMPANIES, INC. By: /s/ David C. Goldberg --------------------------- Name: David C. Goldberg Title: Assistant Secretary CITIGROUP INC. By: /s/ David C. Goldberg --------------------------- Name: David C. Goldberg Title: Assistant Secretary EXHIBIT LIST EXHIBIT DESCRIPTION - ------- ----------- 1 Joint Filing Agreement among the Reporting Persons SCHEDULE A ---------- TRAVELERS INSURANCE COMPANY Name Title - ---- ----- George C. Kokulis Director and Executive Officer Glenn D. Lammey Director and Executive Officer Marla B. Lewitus Director and Executive Officer Kathleen L. Preston Director and Executive Officer Edward W. Cassidy Executive Officer Winifred E. Grimaldi Executive Officer William P. Krivoshik Executive Officer Brendan M. Lynch Executive Officer David P. Marks Executive Officer David A. Tyson Executive Officer CITIGROUP ALTERNATIVE INVESTMENTS LLC Name Title - ---- ----- Michael Carpenter Director and Executive Officer Robert Case Director and Executive Officer Millie Kim Director and Executive Officer Michael Neborak Director and Executive Officer James Zelter Director and Executive Officer CITIGROUP INC. Name Title - ---- ----- C. Michael Armstrong Director Alain J. P. Belda Director (Brazil) George David Director Kenneth T. Derr Director John M. Deutch Director The Honorable Gerald R. Ford Honorary Director Roberto Hernandez Ramirez Director (Mexico) Ann Dibble Jordan Director Dudley C. Mecum Director Richard D. Parsons Director Andrall E. Pearson Director Charles Prince Director and Executive Officer Robert E. Rubin Director and Executive Officer Franklin A. Thomas Director Sanford I. Weill Director and Executive Officer Robert B. Willumstad Director and Executive Officer Winfred F. W. Bischoff Executive Officer (United Kingdom and Germany) David C. Bushnell Executive Officer Michael A. Carpenter Executive Officer Robert Druskin Executive Officer Stanley Fischer Executive Officer William P. Hannon Executive Officer Michael S. Helfer Executive Officer Thomas W. Jones Executive Officer Sallie L. Krawcheck Executive Officer Marjorie Magner Executive Officer Deryck C. Maughan Executive Officer (United Kingdom) Victor J. Menezes Executive Officer William R. Rhodes Executive Officer Todd S. Thomson Executive Officer EX-99.1 2 a2137396zex-99_1.txt EXHIBIT 99.1 EXHIBIT 99.1 AGREEMENT AS TO JOINT FILING OF SCHEDULE 13D The undersigned hereby agree that: (i) each of them is individually eligible to use the Schedule 13D attached hereto; (ii) the attached Schedule 13D is filed on behalf of each of them; and (iii) each of them is responsible for the timely filing of such Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information therein concerning him or itself; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless he or it knows or has reason to believe that such information is inaccurate. Dated: June 10, 2004 CITIGROUP ALTERNATIVE INVESTMENTS LLC By: /s/ Andrew E. Feldman - ----------------------------- Name: Andrew E. Feldman Title: Assistant Secretary CITIGROUP INVESTMENTS INC. By: /s/ Andrew E. Feldman - ----------------------------- Name: Andrew E. Feldman Title: Assistant Secretary THE TRAVELERS INSURANCE COMPANY By: /s/ David C. Goldberg ----------------------------- Name: David C. Goldberg Title: Assistant Secretary CIITGROUP INSURANCE HOLDING CORPORATION By: /s/ David C. Goldberg ----------------------------- Name: David C. Goldberg Title: Assistant Secretary ASSOCIATED MADISON COMPANIES, INC. By: /s/ David C. Goldberg ----------------------------- Name: David C. Goldberg Title: Assistant Secretary CITIGROUP INC. By: /s/ David C. Goldberg ----------------------------- Name: David C. Goldberg Title: Assistant Secretary -----END PRIVACY-ENHANCED MESSAGE-----