-----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, BX5h+sq6CBRxvl7HZCLgVkb+7v54AKfZ9FhnBYoM7CV4WCCVFdtPdc7I+dC9KrBK M0HmO0PfFV7dKjfpZ7qy8w== 0000021175-99-000006.txt : 19990224 0000021175-99-000006.hdr.sgml : 19990224 ACCESSION NUMBER: 0000021175-99-000006 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990223 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL CROSSING LTD CENTRAL INDEX KEY: 0001061322 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 980189783 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-55643 FILM NUMBER: 99548126 BUSINESS ADDRESS: STREET 1: WESSEX HOUSE 45 REID STREET STREET 2: HAMILTON 11M12 CITY: BERMUDA BUSINESS PHONE: 4412968600 MAIL ADDRESS: STREET 1: WESSEX HOUSE 45 REID STREET STREET 2: HAMILTON 11M12 CITY: BERMUDA FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CNA FINANCIAL CORP CENTRAL INDEX KEY: 0000021175 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 366169860 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: CNA PLZ CITY: CHICAGO STATE: IL ZIP: 60685 BUSINESS PHONE: 3128225000 MAIL ADDRESS: STREET 1: CNA PLAZA CITY: CHICAGO STATE: IL ZIP: 60685 SC 13G/A 1 SC 13G/A Securities and Exchange Commission Washington, DC 20549 Under the Securities and Exchange Act of 1934 Schedule 13G Amendment No. 1 Global Crossing Ltd. (Name of Issuer) Common Stock (Title of Class of Securities ) G3921A100 (CUSIP NUMBER) Date of Event which Requires this filing February 14, 1999 Check the Appropriate Box to designate the Rule pursuant to which this schedule is filed: 13d-1(d) 1) Name of Reporting Person: Hillel Weinberger SS or IRS Identification ###-##-#### Nos. of Above Persons: 2) Check the Appropriate Box (a) (b) X If A Member of Group (See Instructions) 3) SEC Use Only 4) Citizenship or Place of Organization United States Number of (5) Sole Voting 21,102,585 Shares Beneficially Owned (6) Shared Voting 243,315 by Each Reporting Person With: (7) Sole Dispositive Power 21,102,585 (8) Shared Dispositive Power: 243,315 9) Aggregate Amount Beneficially Owned by Each Reporting Person 21,345,900 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11) Percent of Class Represented By Amount in Row 9 10.4% 12) Type of Reporting Person (See Instructions) IN Item 1(a) Name of Issuer. Global Crossing Ltd. Item 1(b) Address of Issuer's Principal Executive Offices Global Crossing Ltd. Wessex House 45 Reed Street Hamilton, 11M12 BERMUDA Item 2(a) Name of Persons Filing: Hillel Weinberger Item 2(b) Address of Principal Business Office: 667 Madison Avenue, New York, NY 10021 Item 2(c) Citizenship: United States Item 2(d) Title of Class of Securities: Common Stock Item 2(e) CUSIP Number. G3921A100 Item 3. The person filing this statement pursuant to Rule 13-1(b) or 13d-2 are each: Inapplicable Item 4. Ownership. Continental Casualty Company, an Illinois insurance company, owns 20,037,585 shares of common stock of Global Crossing Ltd. Under Illinois law, assets owned by an insurance company remain solely under the control of the board of directors of the insurance company. Mr. Weinberger manages the portfolio owned by Continental Casualty Company which holds the common stock of Global Crossing Ltd. Under certain SEC rules and interpretations, Mr. Weinberger is deemed to have sole power to vote and dispose of such shares as a consequence of his management of Continental Casualty Company's portfolio. Mr. Weinberger specifically disclaims beneficial ownership of these shares for any other purpose. As the trustee holding investment authority for Global Crossing Trust 1998, a New York trust, Mr. Weinberger is deemed under SEC rules and interpretations to have sole power to vote and dispose of the 1,050,000 shares of the common stock of Global Crossing Ltd. owned by the Trust. Mr. Weinberger specifically disclaims ownership of these shares for any other purpose. As one of two general partners of Global Crossing Partners, a New Jersey partnership, Mr. Weinberger is deemed, under SEC rules and interpretations, to hold shared power to vote and dispose of the 243,315 shares of Global Crossing Ltd. owned by the Partnership. Mr. Weinberger specifically disclaims ownership of these shares for any other purpose. Mr. Weinberger owns options to acquire 15,000 shares of the common stock of Global Crossing Ltd. immediately exercisable. For purposes of this report, these option are reported as if exercised. Continental Casualty Company, Global Trust 1998, Global Crossing Partners and Mr. Weinberger specifically disclaim that they are operating as a "group" within the meaning of the Securities Exchange Act of 1934. (a) Amount Beneficially Owned: 21,345,900 (b) Percent of Class 10.4 Item 4. (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 21,087,585 (ii) shared power to vote or to direct vote 243,315 (iii) sole power to dispose or to direct disposition of 21,087,585 (iv) shared power to dispose or to direct disposition 243,315 Item 5. Ownership of Five Percent or Less of a Class. Inapplicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Inapplicable. Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported On By the Parent Holding Company. Inapplicable. Item 8. Identification and Classification of Members of the Group. Inapplicable. Item 9. Notice of Dissolution of the Group. Inapplicable. Item 10. Certification of Hillel Weinberger. 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 transactions having such purposes or effect. After reasonable inquiry and to the best of my knowledge and believe, I certify that the information set forth in this statement is true, complete and correct. February 23, 1999 Date /s/ Hillel Weinberger Signature Hillel Weinberger -----END PRIVACY-ENHANCED MESSAGE-----