-----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, HBBbpUJCxF+jYPjVXk8lZ6NLHzIqdU/uHjl3TBHVORZFGw5Wp4CoJPhgUc51jCC1 asDz9nf2sEaMsRbMOIoleQ== 0001104659-03-002383.txt : 20030214 0001104659-03-002383.hdr.sgml : 20030214 20030214111315 ACCESSION NUMBER: 0001104659-03-002383 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030214 GROUP MEMBERS: AON CORPORATION FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AON FIDUCIARY COUNSELORS INC CENTRAL INDEX KEY: 0001190858 IRS NUMBER: 223709903 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 601 PENNSYVANIA AVE. STREET 2: N.W., SUITE 900 S. BUILDING CITY: WASHINGTON STATE: DC ZIP: 20004 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: US AIRWAYS GROUP INC CENTRAL INDEX KEY: 0000701345 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 541194634 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-33976 FILM NUMBER: 03563771 BUSINESS ADDRESS: STREET 1: 2345 CRYSTAL DR CITY: ARLINGTON STATE: VA ZIP: 22227 BUSINESS PHONE: 7038725306 SC 13G/A 1 j7589_sc13ga.htm SC 13G/A

SEC 1745
(02-02)


Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 

UNITED STATES

OMB APPROVAL

 

SECURITIES AND EXCHANGE COMMISSION

OMB Number:
3235-0145

 

Washington, D.C. 20549

Expires: December 31, 2005

 

SCHEDULE 13G
(13d-102)

Estimated average burden hours per response. . 11

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)

(Amendment No. 1)(1)

 

Under the Securities Exchange Act of 1934

 

US AIRWAYS GROUP, INC.

(Name of Issuer)

 

COMMON STOCK, $1.00 PAR VALUE PER SHARE

(Title of Class of Securities)

 

911905107

(CUSIP Number)

 

DECEMBER 31, 2002

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[ X ]

Rule 13d-1(b)

[     ]

Rule 13d-1(c)

[     ]

Rule 13d-1(d)

 


(1) 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 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.  911905107

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Aon Fiduciary Counselors Inc.
22-3709903

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)
Not Applicable

 

 

(a)

[     ]

 

 

(b)

[     ]

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
The State of organization is Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
- 0 -

 

6.

Shared Voting Power
- 0 -

 

7.

Sole Dispositive Power
- 0 -

 

8.

Shared Dispositive Power
12,975,767 shares of Common Stock

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
12,975,767 shares of Common Stock

 

 

10.

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

 

 

11.

Percent of Class Represented by Amount in Row (9)
19.06%

 

 

12.

Type of Reporting Person (See Instructions)
IA

 

 

2



 

CUSIP No.  911905107

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Aon Corporation
36-3051915

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)
Not Applicable

 

 

(a)

[     ]

 

 

(b)

[     ]

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
The State of organization is Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
- 0 -

 

6.

Shared Voting Power
- 0 -

 

7.

Sole Dispositive Power
- 0 -

 

8.

Shared Dispositive Power
12,975,767 shares of Common Stock

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
12,975,767 shares of Common Stock

 

 

10.

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

 

 

11.

Percent of Class Represented by Amount in Row (9)
19.06% 

 

 

12.

Type of Reporting Person (See Instructions)
HC, CO

 

 

3



 

Item 1.

 

(a)

Name of Issuer
US Airways Group, Inc.

 

(b)

Address of Issuer's Principal Executive Offices
2345 Crystal Drive
Arlington, Virginia 22227

 

Item 2.

 

(a)

Name of Person Filing
Aon Fiduciary Counselors Inc. (“Aon Fiduciary Counselors”) is filing this Amendment No. 1 on Schedule 13G (this “Amendment No. 1”) on behalf of itself and its parent, Aon Corporation (“Aon”).(1)  Aon Fiduciary Counselors is an investment adviser under Section 203 of the Investment Advisers Act of 1940, as amended, and is a wholly-owned direct subsidiary of Aon.

 

(b)

Address of Principal Business Office or, if none, Residence
Aon Fiduciary Counselors’ principal business address is 200 East Randolph Street, Chicago, Illinois 60601.

Aon’s  principal business address is 200 East Randolph Street, Chicago, Illinois 60601.

 

(c)

Citizenship
Aon Fiduciary Counselors and Aon are both corporations organized under the laws of the State of Delaware.

 

(d)

Title of Class of Securities
Common Stock, par value $1.00 per share (“Common Stock”)

 

(e)

CUSIP Number
911905107

 

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:

 

Aon Fiduciary Counselors is an investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
Aon is a parent holding company in accordance with Rule 13d-1(b)(1)(ii)(G).

 

(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).

 


(1) The initial Schedule 13G (the “Initial 13G”) to which this Amendment No. 1 relates was filed by Aon, using its SEC CIK identification number, on behalf of itself and Aon Fiduciary Counselors, with the SEC on July 22, 2002.  Subsequent to the filing of the Initial 13G, it was determined that Aon Fiduciary Counselors’ SEC CIK identification number would be more appropriate to use for the filing of any amendments to the Initial 13G because it is the entity that has the relationship with the Issuer (as described in Item 4 below).  Therefore, this Amendment No. 1 is being filed by Aon Fiduciary Counselor’s, using its SEC CIK identification number, on behalf of itself and Aon.

 

4



 

 

(d)

[  ]

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

 

(e)

[X]

An investment adviser in accordance with Rule.13d-1(b)(1)(ii)(E);

 

(f)

[  ]

An employee benefit plan or endowment fund in accordance with Rule.13d-1(b)(1)(ii)(F);

 

(g)

[X]

A parent holding company or control person in accordance with Rule.13d-1(b)(1)(ii)(G);

 

(h)

[  ]

A savings associations 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)

[  ]

Group, in accordance with Rule.13d-1(b)(1)(ii)(J).

 

If this statement is filed pursuant to Rule 13d-1(c), check this box. [    ]

 

Item 4.

Ownership

 

See Items 5 through 9 and Item 11 on pages 2 through 3.

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:    12,975,767 shares of Common Stock*

 

(b)

Percent of class:    19.06%

 

 

(According to the Issuer’s Quarterly Report on Form 10-Q filed on November 14, 2002, there were approximately 68,096,260 shares of Common Stock outstanding on October 31, 2002.  The percentage beneficial ownership was derived using this number of shares of Common Stock outstanding.)

 

(c)

Number of shares as to which the person has:

 

 

(i)

Sole power to vote or to direct the vote    - 0 -

 

 

(ii)

Shared power to vote or to direct the vote    - 0 -

 

 

(iii)

Sole power to dispose or to direct the disposition of    - 0 -

 

 

(iv)

Shared power to dispose or to direct the disposition of    12,975,767

 


*This Amendment No. 1 is being filed in connection with Aon Fiduciary Counselors’ engagement on June 28, 2002 by US Airways Group, Inc. (“US Airways”) as an independent fiduciary to manage (i) the respective US Airways Common Stock Funds (the “Funds”) which are investment options in the US Airways, Inc. 401(k) Savings Plan, the US Airways, Inc. 401(k) Savings Plan for Pilots, the US Airways, Inc. Employee Savings Plan and the Supplemental Retirement Plan of Piedmont Aviation, Inc. (collectively, the “Plans”) and (ii) the Common Stock held in the US Airways Employee Stock Ownership Plan (the “ESOP”).  In connection with Aon Fiduciary Counselors being appointed as independent fiduciary, US Airways amended each of the Plans to confer upon Aon Fiduciary Counselors full authority to (i) continue to offer the Funds as investment options under the Plans on such terms and conditions as Aon Fiduciary Counselors deems prudent and in the interest of the Plans and their participants, including prohibiting or limiting (e.g., as a percentage of a participant’s account) further purchases or holdings of interests in the Funds or increasing the Funds’ holdings of cash or cash equivalent investments and (ii) terminate the availability of the Funds as investment options on such terms and conditions as  Aon Fiduciary Counselors deems prudent and in the interest of the Plans and their participants (and notwithstanding any participant investment directions to the contrary), including determining the manner and timing of termination of the Funds and

 

5



 

orderly liquidation of the assets thereof.  In addition, US Airways amended the ESOP to provide that Aon Fiduciary Counselors has the authority and responsibility over the investment of ESOP assets in Common Stock, including the authority to sell some or all of the ESOP’s Common Stock holdings.  Dividends paid on the Common Stock held by the Funds and the ESOP, if any, are generally reinvested and used to buy additional shares of Common Stock.  The participants in the Plans and the ESOP are allowed to provide confidential directions on how the shares of Common Stock attributable to their accounts should be voted or tendered.

 

Each of Aon Fiduciary Counselors and Aon disclaims beneficial ownership of the foregoing  12,975,767 shares of Common Stock.  This Amendment No. 1 is filed with respect to Common Stock held in the Funds and in the ESOP on behalf of the participants in the Plans and the ESOP.  Each participant in the Plans has the right to (i) direct the sale of securities held in such participant’s account and (ii) receive or direct the receipt of dividends from, or the proceeds from the sale of, the securities held in such participant’s account, subject, in each case, to the above described fiduciary powers of Aon Fiduciary Counselors.  Further, each participant in the Plans and the ESOP has sole voting power over the securities held in such participant’s account (subject to, with respect to the ESOP, the power of ESOP participants to vote the securities of other participants who do not provide voting instructions for such securities).  To the knowledge of Aon Fiduciary Counselors and Aon, (i) no participant in the Plans or the ESOP has any of the foregoing rights with respect to more than five percent of the class of securities identified in Item 2(d) and (ii) there is no agreement or understanding among such persons to act together for the purpose of acquiring, holding, voting or disposing of any such shares.  

 

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

See Item 4.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Aon is a parent holding company of Aon Fiduciary Counselors and, accordingly, has joined in the filing of this Amendment No. 1 pursuant to Rule 13d-1(b)(ii)(G).

 

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 acquired and are held in the ordinary course of business and 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.

 

6



 

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.

 

 

AON FIDUCIARY COUNSELORS INC.

 

February 13, 2003

 

Date

 


/s/ Nell Hennessy

 

Signature

 


Nell Hennessy, President

 

Name/Title

 

 

 

AON CORPORATION

 

February 13, 2003

 

Date

 


/s/ Patrick G. Ryan

 

Signature

 


Patrick G. Ryan, Chairman and Chief Executive Officer

 

Name/Title

 

 

 

7


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