-----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, LplwIocNqOXN8A/LLsOIb/elK9LNjP4OYHQPlRQQXNDeqsdjy2A/3rX2FRl4Hlbo 3jjXb2CcJpBamlHBz412fw== 0001193125-09-014199.txt : 20090129 0001193125-09-014199.hdr.sgml : 20090129 20090129161349 ACCESSION NUMBER: 0001193125-09-014199 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090129 DATE AS OF CHANGE: 20090129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RAM Holdings Ltd. CENTRAL INDEX KEY: 0001352713 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82354 FILM NUMBER: 09554665 BUSINESS ADDRESS: STREET 1: RAM RE HOUSE STREET 2: 46 REID STREET CITY: HAMILTON STATE: D0 ZIP: HM 12 BUSINESS PHONE: (441) 298-2116 MAIL ADDRESS: STREET 1: RAM RE HOUSE STREET 2: 46 REID STREET CITY: HAMILTON STATE: D0 ZIP: HM 12 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PMI GROUP INC CENTRAL INDEX KEY: 0000935724 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 943199675 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 3003 OAK ROAD CITY: WALNUT CREEK STATE: CA ZIP: 94597-2098 BUSINESS PHONE: 925-658-7878 MAIL ADDRESS: STREET 1: 3003 OAK ROAD CITY: WALNUT CREEK STATE: CA ZIP: 94597-2098 SC 13G/A 1 dsc13ga.htm SCHEDULE 13G AMENDMENT NO. 1 Schedule 13G Amendment No. 1

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

 

 

RAM Holdings, Ltd.

(Name of Issuer)

 

 

COMMON SHARES

Par Value $0.10 Per Share

(Title of Class of Securities)

 

 

G7368R104

(CUSIP Number)

 

 

December 31, 2008

(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)

¨ Rule 13d-1(c)

x Rule 13d-1(d)

 

 

*   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).

CUSIP No. G7368R104

 

  1.  

Names of Reporting Persons

 

The PMI Group, Inc.

    
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨

(b)  ¨

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

Delaware

    

 

Number of  

Shares  

Beneficially  

Owned by  

Each  

Reporting  

Person  

With  

 

  

  5.    Sole Voting Power

 

       0

 

  6.    Shared Voting Power

 

       6,453,395 (1)

 

  7.    Sole Dispositive Power

 

       0

 

  8.    Shared Dispositive Power

 

       6,453,395 (1)

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,453,395 Shares

    
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

 

  

 

¨

11.  

Percent of Class Represented by Amount in Row (9)

 

23.7%. The beneficial ownership percentage set forth herein has been calculated based on 27,251,595 common shares of RAM Holdings, Ltd. outstanding at November 17, 2008, as reported on RAM Holdings, Ltd.’s Form 10-Q for the quarter ending September 30, 2008.

    
12.  

Type of Reporting Person (See Instructions)

 

CO

    

 

(1) Represents shares held by PMI Mortgage Insurance Co., a wholly-owned subsidiary of The PMI Group, Inc. PMI Mortgage Insurance Co. has reported its ownership of these shares on a Schedule 13D filed with the Securities and Exchange Commission on January 9, 2009.

 

1

Item 1.

 

  (a) Name of Issuer

RAM Holdings, Ltd.

 

  (b) Address of Issuer’s Principal Executive Offices

46 Reid Street, Hamilton, Bermuda HM12

 

Item 2.

 

  (a) Name of Person Filing

The PMI Group, Inc.

 

  (b) Address of Principal Business Office or, if none, Residence

3003 Oak Road

Walnut Creek, CA 94597

 

  (c) Citizenship

Delaware

 

  (d) Title of Class of Securities

Common Shares

 

  (e) CUSIP Number

G7368R104

 

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

  (a)    ¨      Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
  (b)    ¨      Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
  (c)    ¨      Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
  (d)    ¨      Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);
  (e)    ¨      An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
  (f)    ¨      An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
  (g)    ¨      A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
  (h)    ¨      A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i)    ¨      A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  (j)    ¨      A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);
  (k)    ¨      Group, in accordance with §240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:                                                  

Not applicable

 

2

Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

  (a) Amount beneficially owned:

See No. 9 above

 

  (b) Percent of class:

See No. 11 above

 

  (c) Number of shares as to which the person has:

 

  (i) Sole power to vote or to direct the vote

See No. 5 above

 

  (ii) Shared power to vote or to direct the vote

See No. 6 above

 

  (iii) Sole power to dispose or to direct the disposition of

See No. 7 above

 

  (iv) Shared power to dispose or to direct the disposition of

See No. 8 above

 

Item 5. Ownership of Five Percent or Less of a Class

Not applicable

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  ¨.

 

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 or Control Person

Not applicable. See Note (1).

 

Item 8. Identification and Classification of Members of the Group

Not applicable

 

Item 9. Notice of Dissolution of Group

Not applicable

 

Item 10. Certification

Not applicable

 

3

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 29, 2009
Date
The PMI Group, Inc.
/s/    Andrew D. Cameron        
Signature

By Andrew D. Cameron/Group Senior Vice President

and General Counsel

Name/Title

 

4

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