-----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, V4kJ1PbGSM01ruurCGbqfHCgS48mZ5EnCBLGcAMfhyfGZXecNxXcMkddQY66AuLG VR07Qb8Z4ZCBII+ci/wrFw== 0001052523-00-000038.txt : 20000425 0001052523-00-000038.hdr.sgml : 20000425 ACCESSION NUMBER: 0001052523-00-000038 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000424 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRT GROUP INC CENTRAL INDEX KEY: 0001045560 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 133914972 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-54115 FILM NUMBER: 607187 BUSINESS ADDRESS: STREET 1: 80 LAMBERTON RD CITY: WINDSOR STATE: CT ZIP: 06095 BUSINESS PHONE: 2129220800 MAIL ADDRESS: STREET 1: 342 MADISON AVE STREET 2: 11TH FL CITY: NEW YORK STATE: NY ZIP: 10173 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 BUSINESS ADDRESS: STREET 1: 153 EAST 53RD CITY: NEW YORK STATE: NY ZIP: 10043 BUSINESS PHONE: 2125591000 MAIL ADDRESS: STREET 1: 250 WEST ST STREET 2: 7TH FL CITY: NEW YORK STATE: NY ZIP: 10013 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 1 SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* PRT Group, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.001 - -------------------------------------------------------------------------------- (Title of Class of Securities) 693579104 - -------------------------------------------------------------------------------- (CUSIP Number) - -------------------------------------------------------------------------------- Joseph B. Wollard, Esq. Citigroup Inc. 425 Park Avenue, 3rd Floor New York, NY 10043 (212) 793-7167 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 14, 2000 - -------------------------------------------------------------------------------- (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). SCHEDULE 13D - ----------------------- ------------------- CUSIP No. 693579104 Page 2 of 25 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Travelers Indemnity Company ("Travelers Indemnity") - -------------------------------------------------------------------------------- 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 Connecticut - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY 6,257,540** EACH REPORTING ---------------------------------------------------------- PERSON 9) SOLE DISPOSITIVE POWER WITH none ---------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 6,257,540** - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,257,540** - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.1%** - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON* IC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents 632,540 shares of Common Stock, 3,750,000 shares of Series A Senior Participating Convertible Preferred Stock which are convertible into Common Stock on a one to one basis, and 1,875,000 warrants which are convertible into Common Stock on a one to one basis. SCHEDULE 13D - ----------------------- ------------------- CUSIP No. 693579104 Page 3 of 25 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Travelers Property Casualty Corp. ("TAP") - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY 6,257,540** EACH REPORTING ---------------------------------------------------------- PERSON 9) SOLE DISPOSITIVE POWER WITH none ---------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 6,257,540** - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,257,540** - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.1%** - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON* HC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents shares directly beneficially owned by Travelers Indemnity. SCHEDULE 13D - ----------------------- ------------------- CUSIP No. 693579104 Page 4 of 25 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Travelers Insurance Group Inc. ("TIGI") - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY 6,257,540** EACH REPORTING ---------------------------------------------------------- PERSON 9) SOLE DISPOSITIVE POWER WITH none ---------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 6,257,540** - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,257,540** - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.1%** - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON* HC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents shares directly beneficially owned by Travelers Indemnity. SCHEDULE 13D - ----------------------- ------------------- CUSIP No. 693579104 Page 5 of 25 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PFS Services, Inc. ("PFS") - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Georgia - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY 6,257,540** EACH REPORTING ---------------------------------------------------------- PERSON 9) SOLE DISPOSITIVE POWER WITH none ---------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 6,257,540** - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,257,540** - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.1%** - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON* HC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents shares directly beneficially owned by Travelers Indemnity. SCHEDULE 13D - ----------------------- ------------------- CUSIP No. 693579104 Page 6 of 25 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Associated Madison Companies, Inc. ("Associated Madison") - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY 6,257,540** EACH REPORTING ---------------------------------------------------------- PERSON 9) SOLE DISPOSITIVE POWER WITH none ---------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 6,257,540** - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,257,540** - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.1%** - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON* HC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents shares directly beneficially owned by Travelers Indemnity. SCHEDULE 13D - ----------------------- ------------------- CUSIP No. 693579104 Page 7 of 25 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Citigroup Inc. ("Citigroup") - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY 6,265,204** EACH REPORTING ---------------------------------------------------------- PERSON 9) SOLE DISPOSITIVE POWER WITH none ---------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 6,265,204** - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,265,204** - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.1%** - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON* HC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents shares directly beneficially owned by Travelers Indemnity and other subsidiaries of Citigroup Inc. SCHEDULE 13D Item 1. Security and Issuer. The title of the class of equity securities to which this statement relates is Common Stock, par value $.001, of PRT Group, Inc. (the "Issuer"). The principal executive offices of the Issuer are located at 80 Lamberton Road, Windsor, Connecticut, 06095. Item 2. Identity and Background. Pursuant to Rule 13d-1(k)(1) of Regulation 13D-G of the Rules and Regulations under the Securities Exchange Act of 1934, as amended (the "Act"), the undersigned hereby file this Schedule 13D Statement on behalf of The Travelers Indemnity Company ("Travelers Indemnity"), a Connecticut corporation, Travelers Property Casualty Corp. ("TAP"), a Delaware corporation, Travelers Insurance Group Inc. (TIGI"), a Connecticut corporation, PFS Services, Inc. ("PFS"), a Georgia corporation, Associated Madison Companies, Inc. ("Associated Madison"), a Delaware corporation and Citigroup Inc. ("Citigroup"), a Delaware corporation (each, a "Reporting Person" and collectively, the "Reporting Persons"). Travelers Indemnity (a) Name: The Travelers Indemnity Company (b) Address of Principal Place of Business and Office: One Tower Square, Hartford, Connecticut 06183 (c) Principal Business: Insurance (d) Criminal Proceedings: None (e) Civil Proceedings: None (f) Citizenship: Connecticut Officers and Directors: See Exhibit A attached hereto, and incorporated herein by reference with respect to each executive officer and director of Travelers Indemnity. TAP - --- (a) Name: Travelers Property Casualty Corp. (b) Address of Principal Place of Business and Office: One Tower Square, Hartford, Connecticut 06183 (c) Principal Business: Holding company for insurance company subsidiaries. (d) Criminal Proceedings: None (e) Civil Proceedings: None (f) Citizenship: Delaware Page 8 of 25 pages TIGI - ---- (a) Name: Travelers Insurance Group Inc. (b) Address of Principal Place of Business and Office: One Tower Square, Hartford, Connecticut 06183 (c) Principal Business: Holding company for insurance company subsidiaries. (d) Criminal Proceedings: None (e) Civil Proceedings: None (f) Citizenship: Connecticut PFS - --- (a) Name: PFS Services, Inc. (b) Address of Principal Place of Business and Office: 3120 Breckinridge Boulevard, Duluth, Georgia 30199 (c) Principal Business: Holding company for insurance company subsidiaries. (d) Criminal Proceedings: None (e) Civil Proceedings: None (f) Citizenship: Georgia Associated Madison - ------------------ (a) Name: Associated Madison Companies, Inc. (b) Address of Principal Place of Business: 153 East 53rd Street, New York, New York 10043 (c) Principal Business: Holding company for insurance company subsidiaries (d) Criminal Proceedings: None (e) Civil Proceedings: None (f) Citizenship: Delaware Citigroup - --------- (a) Name: Citigroup Inc. (b) Address of Principal Place of Business and Office: 153 East 53rd Street, New York, NY, 10043. (c) Principal Business: Holding company for banking, securities and insurance subsidiaries. (d) Criminal Proceedings: None (e) Civil Proceedings: None (f) Citizenship: Delaware Officer and Directors: See Exhibit A attached hereto, and incorporated herein by reference with respect to each executive officer and director of Citigroup Inc. Page 9 of 25 pages Item 3. Source and Amount of Funds or Other Consideration. On November 22, 1996, Travelers Indemnity acquired 76,196 shares of convertible preferred stock of PRT Group, Inc. at a purchase price of $65.62 per share for a total purchase price of $4,999,981.52. The source of such funds was internal capital. On December 11, 1997, the shares of convertible preferred stock held by Travelers Indemnity were converted into 761,960 shares of Common Stock. In December 1997, Travelers Indemnity sold 129,420 shares of Common Stock at a price of $12.09 per share for a total sale price of $1,564,687.80. Travelers Indemnity presently owns the remaining 632,540 shares of Common Stock. On April 14, 2000 Travelers Indemnity acquired 3,750,000 shares of the Issuer's Series A Senior Participating Convertible Preferred Stock, par value $.001 per share, ("Series A Preferred Stock"), including 1,875,000 warrants ("Warrants"), at a price of $1.00 per share for a total purchase price of $3,750,000. The source of such funds was internal capital. Each share of Series A Preferred Stock may be converted into one share of the Issuer's Common Stock at any time, and each Warrant may be converted into one share of the Issuer's Common Stock at any time at an exercise price of $1.00 per share. Item 4. Purpose of Transaction. Travelers Indemnity acquired the Common Stock, Series A Preferred Stock and Warrants reported herein for investment purposes. Depending on market conditions and other factors (including evaluation of the Issuer's businesses and prospects, availability of funds, alternative uses of funds and general economic conditions), Travelers Indemnity may from time to time purchase additional securities of the Issuer or dispose of all or a portion of its investment in the Issuer. Jack L. Rivkin, an employee of an affiliate of Travelers Indemnity, serves on the Issuer's Board of Directors. Mr. Rivkin's term of office will expire at the Issuer's annual meeting in 2001. Mr. Rivkin disclaims beneficial ownership of the Common Stock, Series A Preferred Stock and Warrants reported in this Schedule 13D, and the Reporting Persons disclaim beneficial ownership of any of the Issuer's securities that may be owned by Mr. Rivkin. Except as described in this Item 4, none of the Reporting Persons nor, to the best knowledge of such persons, any of the persons named in Exhibit 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 Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change in the present Board of Directors or management of the Issuer, 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 Issuer; (f) any other material change in the Issuer's business or corporate structure; (g) any changes in the Issuer's charter or by-laws or other actions which may impede the acquisition of control of the Issuer by any Page 10 of 25 pages person; (h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to 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 Issuer 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 Issuer. The percentages calculated in this Item 5 are based upon 23,980,005 shares of Common Stock outstanding, including 18,355,005 shares outstanding as of March 10, 2000 as disclosed in the Issuer's Form 10-K dated April 14, 2000 and 5,625,000 shares issuable to Travelers Indemnity upon conversion of the Series A Preferred Stock and exercise of the Warrants. Travelers Indemnity ------------------- As of April 14, 2000 Travelers Indemnity beneficially owned 6,257,540 shares of the Issuer's Common stock, including 632,540 shares directly and 5,625,000 shares indirectly through ownership of Series A Preferred Stock and Warrants issued by the Issuer. To the best knowledge of Travelers Indemnity, none of the persons named in Exhibit A hereto under Travelers Indemnity owns securities of the Issuer. The following information is being provided as of April 14, 2000 with respect to Travelers Indemnity's direct beneficial ownership of the Issuer's Common Stock. (a) Amount Beneficially Owned: 6,257,540 (b) Percent of Class: 26.1% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote............................. 0 (ii) shared power to vote or direct the vote............................. 6,257,540 (iii) sole power to dispose or to direct the disposition of................... 0 (iv) shared power to dispose or to direct the disposition of.................... 6,257,540 Page 11 of 25 pages TAP --- TAP is the parent company of Travelers Indemnity. To the best knowledge of TAP, none of its executive officers or directors owns securities of the Issuer. The following information is being provided as of April 14, 2000 with respect to TAP's indirect beneficial ownership of the Issuer's Common Stock. (a) Amount Beneficially Owned: 6,257,540 (b) Percent of Class: 26.1% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote............................. 0 (ii) shared power to vote or direct the vote............................. 6,257,540 (iii) sole power to dispose or to direct the disposition of................... 0 (iv) shared power to dispose or to direct the disposition of.................... 6,257,540 TIGI ---- TIGI is the parent company of TAP. To the best knowledge of TIGI, none of its executive officers or directors owns securities of the Issuer. The following information is being provided as of April 14, 2000 with respect to TIGI's indirect beneficial ownership of the Issuer's Common Stock. (a) Amount Beneficially Owned: 6,257,540 (b) Percent of Class: 26.1% Page 12 of 25 pages (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote............................. 0 (ii) shared power to vote or direct the vote............................. 6,257,540 (iii) sole power to dispose or to direct the disposition of................... 0 (iv) shared power to dispose or to direct the disposition of.................... 6,257,540 PFS --- PFS is the parent company of TIGI. To the best knowledge of PFS, none of its executive officers or directors owns securities of the Issuer. The following information is being provided as of April 14, 2000 with respect to PFS's indirect beneficial ownership of the Issuer's Common Stock. (a) Amount Beneficially Owned: 6,257,540 (b) Percent of Class: 26.1% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote............................. 0 (ii) shared power to vote or direct the vote............................. 6,257,540 (iii) sole power to dispose or to direct the disposition of................... 0 (iv) shared power to dispose or to direct the disposition of.................... 6,257,540 Page 13 of 25 pages Associated Madison ------------------ Associated Madison is the parent company of PFS. To the best knowledge of Associated Madison, none of its executive officers or directors owns securities of the Issuer. The following information is being provided as of April 14, 2000 with respect to Associated Madison's indirect beneficial ownership of the Issuer's Common Stock. (a) Amount Beneficially Owned: 6,257,540 (b) Percent of Class: 26.1% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote............................. 0 (ii) shared power to vote or direct the vote............................. 6,257,540 (iii) sole power to dispose or to direct the disposition of................... 0 (iv) shared power to dispose or to direct the disposition of.................... 6,257,540 Citigroup --------- Citigroup is the parent company of Associated Madison. To the best knowledge of Citigroup, none of the persons named in Exhibit A hereto under Citigroup owns securities of the Issuer. The following information is being provided as of April 14, 2000 with respect to Citigroup's indirect beneficial ownership of the Issuer's Common Stock. (a) Amount Beneficially Owned: 6,265,204 (b) Percent of Class: 26.1% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote............................. 0 Page 14 of 25 pages (ii) shared power to vote or direct the vote............................. 6,265,204 (iii) sole power to dispose or to direct the disposition of................... 0 (iv) shared power to dispose or to direct the disposition of.................... 6,265,204 Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Except as set forth in Items 3, 4, and 5, to the best knowledge of the Reporting Persons, no contracts, arrangements, understandings or relationships (legal or otherwise) exist among the persons named in Item 2 or between such persons and any other person with respect to the securities of the Issuer, including but not limited to transfer or voting of any such securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies. Item 7. Material to be filed as Exhibits. Exhibit Description ------- ----------- A Officers and Directors of The Travelers Indemnity Company and Citigroup Inc. B Securities Purchase Agreement dated as of April 13, 2000, by and among PRT Group, Inc., Tudor BVI Global Portfolio Ltd., Raptor Global Portfolio Ltd., Tudor Arbitrage Partners L.P., The Travelers Indemnity Company and EFG Eurofinancial Investment Company relating to the Series A Senior Participating Convertible Preferred Stock, par value $.001, of PRT Group, Inc. (incorporated as an exhibit hereto by reference to Exhibit 99.1 on Form 8-K filed by PRT Group, Inc. with the Securities and Exchange Commission on April 14, 2000). C Consent to Joint Filing of Schedule 13D pursuant to Rule 13d-1(k) of the Act. Page 15 of 25 pages 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: April 21, 2000 The Travelers Indemnity Company ------------------------------- By: /s/ Daniel W. Jackson ------------------------- Name: Daniel W. Jackson Title: Assistant Secretary Travelers Property Casualty Corp. --------------------------------- By: /s/ Daniel W. Jackson ------------------------- Name: Daniel W. Jackson Title: Assistant Secretary Page 16 of 25 pages Dated: April 21, 2000 Travelers Insurance Group Inc. ------------------------------ By: /s/ Joseph B. Wollard ------------------------- Name: Joseph B. Wollard Title: Assistant Secretary PFS Services, Inc. ------------------ By: /s/ Joseph B. Wollard ------------------------- Name: Joseph B. Wollard Title: Assistant Secretary Associated Madison Companies, Inc. ---------------------------------- By: /s/ Joseph B. Wollard Name: Joseph B. Wollard Title: Assistant Secretary Citigroup Inc. -------------- By: /s/ Joseph B. Wollard ------------------------- Name: Joseph B. Wollard Title: Assistant Secretary Page 17 of 25 pages EXHIBIT A --------- Executive Officers and Directors of The Travelers Indemnity Company ------------------------------------------------------------------- Set forth below are the names, titles, business addresses, principal occupations and citizenship of the Executive Officers and Directors of The Travelers Indemnity Company. Name, Title and Citizenship Principal Occupation and Business Address - --------------------------- ----------------------------------------- Jay Steven Fishman Chairman, President and Chief Executive Officer Director and The Travelers Indemnity Company Executive Officer One Tower Square United States Hartford, CT 06183 Charles Joseph Clarke Vice Chairman Director and The Travelers Indemnity Company Executive Officer One Tower Square United States Hartford, CT 06183 Ronald Edward Foley, Jr. Executive Vice President and CEO, Risk Management Director and The Travelers Indemnity Company Executive Officer One Tower Square United States Hartford, CT 06183 James David Gibbs Executive Vice President and CEO, Claim Executive Officer The Travelers Indemnity Company United States One Tower Square Hartford, CT 06183 William Patrick Hannon Executive Vice President and Chief Financial Director and Officer Executive Officer The Travelers Indemnity Company United States One Tower Square Hartford, CT 06183 Joseph Patrick Kiernan Executive Vice President and CEO, Bond Director and The Travelers Indemnity Company Executive Officer One Tower Square United States Hartford, CT 06183 James Michael Michener Senior Vice President, General Counsel and Director and Secretary Executive Officer The Travelers Indemnity Company One Tower Square Hartford, CT 06183 Page 18 of 25 pages Executive Officers and Directors of Citigroup Inc. -------------------------------------------------- Set forth below are the names, titles, business addresses, principal occupations and citizenship of the Executive Officers and Directors of Citigroup Inc. Name, Title and Citizenship Principal Occupation and Business Address - --------------------------- ----------------------------------------- C. Michael Armstrong Chairman & Chief Executive Officer Director AT&T Corporation United States 295 North Maple Avenue, Room 4353L Basking Ridge, NJ 07920 Alain J. P. Belda President & Chief Executive Officer Director Alcoa Inc. Brazil 201 Isabella Street, Floor 6J12 Pittsburgh, PA 15212-5858 Kenneth J. Bialkin Partner Director Skadden, Arps, Slate, Meagher & Flom United States 919 Third Avenue New York, NY 10022 Kenneth T. Derr Chairman & Chief Executive Officer Director Chevron Corporation United States 575 Market Street, 40th fl San Francisco, CA 94105 John M. Deutch Institute Professor Director Massachusetts Institute of Technology United States 77 Massachusetts Avenue, Room 6-208 Cambridge, MA 02139 The Honorable Gerald R. Ford Former President of the United States Honorary Director 40365 Sand Dune Road United States Rancho Mirage, CA 92270 Ann Dibble Jordan Consultant Director 2940 Benton Place, N.W. United States Washington, DC 20008-2718 Reuben Mark Chairman and Chief Executive Officer Director Colgate-Palmolive Company United States 300 Park Avenue New York, NY 10022-7499 Page 19 of 25 pages Name, Title and Citizenship Principal Occupation and Business Address - --------------------------- ----------------------------------------- Michael T. Masin Vice Chairman and President - International Director GTE Corporation United States 1255 Corporate Drive Mail Code SVC06C30 Irving, TX 75038 Dudley C. Mecum Managing Director Director Capricorn Management United States 30 East Elm Street Greenwich, CT 06830 Richard D. Parsons President Director Time Warner Inc. United States 75 Rockefeller Plaza, 29th fl New York, NY 10019 Andrall E. Pearson Chairman & Chief Executive Officer Director TRICON Global Restaurants, Inc. United States 660 Steamboat Road Greenwich, CT 06830 Robert E. Rubin Member of the Office of the Chairman Director and Citigroup Inc. Executive Officer 153 East 53rd Street, 4th fl United States New York, NY 10043 Franklin A. Thomas Former President Director The Ford Foundation United States 595 Madison Avenue, 33rd fl New York, NY 10022 Page 20 of 25 pages Name, Title and Citizenship Principal Occupation and Business Address - --------------------------- ----------------------------------------- Sanford I. Weill Chairman and Chief Executive Officer Director and Citigroup Inc. Executive Officer 153 East 53rd Street, 4th fl United States New York, NY 10043 Edgar S. Woolard, Jr. Former Chairman & Chief Executive Officer Director E.I. du Pont de Nemours & Company United States 1007 Market Street Wilmington, DE 19898 Arthur Zankel General Partner Director High Rise Partners, LP United States 535 Madison Avenue New York, NY 10022 Michael A. Carpenter Co-Chief Executive Officer Executive Officer Global Corporate and Investment Bank United States Citigroup Inc. 399 Park Avenue, 2nd fl New York, NY 10043 Paul J. Collins Vice Chairman Executive Officer Citigroup Inc. United States 153 East 53rd St., 4th fl New York, NY 10043 Michael D'Ambrose Senior Human Resources Officer Executive Officer Citigroup Inc. United States 153 East 53rd St., 4th fl New York, NY 10043 Jay S. Fishman President & CEO Executive Officer Travelers Property Casualty Corp. United States One Tower Square, 8GS Hartford, CT 06183 Edward D. Horowitz Citigroup Inc. Executive Officer 153 East 53rd St., 4th fl United States New York, NY 10043 Page 21 of 25 pages Name, Title and Citizenship Principal Occupation and Business Address - --------------------------- ----------------------------------------- Thomas Wade Jones Co-Chairman & CEO Executive Officer SSB Asset Management Group United States 153 East 53rd St., 4th fl New York, NY 10043 Robert I. Lipp Chairman & CEO Executive Officer Global Consumer Business United States Citigroup Inc. 153 East 53rd St., 4th fl New York, NY 10043 Deryck C. Maughan Vice Chairman Executive Officer Citigroup Inc. United Kingdom 153 East 53rd St., 4th fl New York, NY 10043 Victor J. Menezes Co-Chief Executive Officer Executive Officer Global Corporate and Investment Bank India Citigroup Inc. 399 Park Avenue, 2nd fl New York, NY 10043 Charles O. Prince, III Co-General Counsel/Corporate Secretary Executive Officer Citigroup Inc. United States 153 East 53rd St., 4th fl New York, NY 10043 William R. Rhodes Vice Chairman Executive Officer Citigroup Inc. United States 399 Park Avenue, 2nd fl New York, NY 10043 Petros Sabatacakis Senior Risk Officer Executive Officer Citigroup Inc. United States 153 East 53rd Street New York, NY 10043 Page 22 of 25 pages Name, Title and Citizenship Principal Occupation and Business Address - --------------------------- ----------------------------------------- Todd S. Thomson Chief Financial Officer Executive Officer Citigroup Inc. United States 153 East 53rd St., 4th fl New York, NY 10043 Marc P. Weill Head of Citigroup Investments Executive Officer Citigroup Inc. United States 153 East 53rd St., 4th fl New York, NY 10043 Robert B. Willumstad Chairman Executive Officer CitiFinancial Credit Company United States 153 East 53rd St., 5th fl New York, NY 10043 Page 23 of 25 pages EXHIBIT C --------- Pursuant to Rule 13d-1(k)(1)(iii) of Regulation D of the Rules and Regulations of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, the undersigned agree that the attached Schedule 13D is, and any future amendments thereto may be, filed on behalf of each of us. Dated: April 21, 2000 The Travelers Indemnity Company ------------------------------- By: /s/ Daniel W. Jackson ------------------------ Name: Daniel W. Jackson Title: Assistant Secretary Travelers Property Casualty Corp. By: /s/ Daniel W. Jackson ------------------------ Name: Daniel W. Jackson Title: Assistant Secretary Page 24 of 25 pages Dated: April 21, 2000 Travelers Insurance Group Inc. ------------------------------ By: /s/ Joseph B. Wollard ------------------------ Name: Joseph B. Wollard Title: Assistant Secretary PFS Services, Inc. ------------------ By: /s/ Joseph B. Wollard ------------------------ Name: Joseph B. Wollard Title: Assistant Secretary Associated Madison Companies, Inc. ---------------------------------- By: /s/ Joseph B. Wollard ------------------------ Name: Joseph B. Wollard Title: Assistant Secretary Citigroup Inc. -------------- By: /s/ Joseph B. Wollard ------------------------ Name: Joseph B. Wollard Title: Assistant Secretary Page 25 of 25 pages -----END PRIVACY-ENHANCED MESSAGE-----