-----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, Cu3vUldeZnYChBA3D2WryHdyrP1bCUsFRjSgN23HkWaEYcWNcB8z3FPZcsgyO156 KnC9vadZdQnMA6pLEJiAAQ== 0000943663-99-000040.txt : 19990211 0000943663-99-000040.hdr.sgml : 19990211 ACCESSION NUMBER: 0000943663-99-000040 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990210 GROUP MEMBERS: PILGRIM AMERICA CAPITAL CORPORATION GROUP MEMBERS: PILGRIM BANK AND THRIFT FUND, INC. GROUP MEMBERS: PILGRIM GROUP, INC. GROUP MEMBERS: PILGRIM INVESTMENTS INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN SAFETY INSURANCE GROUP LTD CENTRAL INDEX KEY: 0000783603 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-55381 FILM NUMBER: 99527293 BUSINESS ADDRESS: STREET 1: 44 CHURCH STREET CITY: HAMILTON STATE: D0 BUSINESS PHONE: 4412955688 MAIL ADDRESS: STREET 1: 44 CHRUCH STREET CITY: HAMILTON STATE: D0 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PILGRIM INVESTMENTS INC CENTRAL INDEX KEY: 0001077479 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 954516049 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 40 NORTH CENTRAL AVENUE STREET 2: SUITE 1200 CITY: PHOENIX STATE: AZ ZIP: 85004 BUSINESS PHONE: 6024178143 MAIL ADDRESS: STREET 1: 40 NORTH CENTRAL AVENUE STREET 2: SUITE 1200 CITY: PHOENIX STATE: AZ ZIP: 85004 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934* AMERICAN SAFETY INSURANCE GROUP, LTD. (Name of Issuer) Common Stock (Title of Class of Securities) G02995101 (CUSIP Number) December 31, 1998 (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) * 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). Page 1 of 10 CUSIP NO. G02995101 - ------------------------------------------------------------------------------ 1. Name Of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Pilgrim America Capital Corporation 86-0670679 - ------------------------------------------------------------------------------ 2. Check The Appropriate Box if a Member of a Group (a) [ ] (b) [ ] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization: Delaware - ------------------------------------------------------------------------------- 5. Sole Voting Power 0 Number Of Shares ----------------------------------------------------------- Beneficially Owned 6. Shared Voting Power 0 By Each Reporting ----------------------------------------------------------- Person With: 7. Sole Dispositive Power 0 ----------------------------------------------------------- 8. Shared Dispositive Power 0 - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned By Each Reporting Person None. Pursuant to Rule 13d-4, Pilgrim America Capital Corporation declares that the filing of this Schedule 13G shall not be deemed to be an admission by it that it is, for purposes of Section 13(d) or 13(g) of the Securities Exchange Act, the beneficial owner of any securities covered by this statement. - ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 0% - ------------------------------------------------------------------------------ 12. Type of Reporting Person HC - ------------------------------------------------------------------------------ Page 2 of 10 CUSIP NO. G02995101 - ------------------------------------------------------------------------------ 1. Name Of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Pilgrim Group, Inc. 95-4516050 - ------------------------------------------------------------------------------ 2. Check The Appropriate Box if a Member of a Group (a) [ ] (b) [ ] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization: Delaware - ------------------------------------------------------------------------------- 5. Sole Voting Power 0 Number Of Shares ----------------------------------------------------------- Beneficially Owned 6. Shared Voting Power 0 By Each Reporting ----------------------------------------------------------- Person With: 7. Sole Dispositive Power 0 ----------------------------------------------------------- 8. Shared Dispositive Power 0 - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned By Each Reporting Person None. Pursuant to Rule 13d-4, Pilgrim Group, Inc. declares that the filing of this Schedule 13G shall not be deemed to be an admission by it that it is, for purposes of Section 13(d) or 13(g) of the Securities Exchange Act, the beneficial owner of any securities covered by this statement. - ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 0% - ------------------------------------------------------------------------------ 12. Type of Reporting Person HC - ------------------------------------------------------------------------------ Page 3 of 10 CUSIP NO. G02995101 - ------------------------------------------------------------------------------ 1. Name Of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Pilgrim Investments, Inc. 95-4516049 - ------------------------------------------------------------------------------ 2. Check The Appropriate Box if a Member of a Group (a) [ ] (b) [ ] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization: Delaware - ------------------------------------------------------------------------------- 5. Sole Voting Power 0 Number Of Shares ----------------------------------------------------------- Beneficially Owned 6. Shared Voting Power 0 By Each Reporting ----------------------------------------------------------- Person With: 7. Sole Dispositive Power 0 ----------------------------------------------------------- 8. Shared Dispositive Power 430,000 - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned By Each Reporting Person 430,000. Pursuant to Rule 13d-4, Pilgrim Investments, Inc. declares that the filing of this Schedule 13G shall not be deemed to be an admission by it that it is, for purposes of Section 13(d) or 13(g) of the Securities Exchange Act, the beneficial owner of any securities covered by this statement. - ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 7.13% - ------------------------------------------------------------------------------ 12. Type of Reporting Person IA - ------------------------------------------------------------------------------ Page 4 of 10 CUSIP NO. G02995101 - ------------------------------------------------------------------------------ 1. Name Of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Pilgrim Bank and Thrift Fund, Inc. 95-4020286 - ------------------------------------------------------------------------------ 2. Check The Appropriate Box if a Member of a Group (a) [ ] (b) [ ] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization: Maryland - ------------------------------------------------------------------------------- 5. Sole Voting Power 430,000 Number Of Shares ----------------------------------------------------------- Beneficially Owned 6. Shared Voting Power 0 By Each Reporting ----------------------------------------------------------- Person With: 7. Sole Dispositive Power 0 ----------------------------------------------------------- 8. Shared Dispositive Power 0 - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned By Each Reporting Person 430,000 - ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 7.13% - ------------------------------------------------------------------------------ 12. Type of Reporting Person: IV - ------------------------------------------------------------------------------ Page 5 of 10 Item 1. (a) Name of Issuer: American Safety Insurance Group, Ltd. (b) Address of Issuer's Principal Executive Offices: 44 Church Street, P.O. Box 2064, Hamilton HM HX, Bermuda Item 2. (a) Name of Person Filing: Pilgrim America Capital Corporation Pilgrim Group, Inc. Pilgrim Investments, Inc. Pilgrim Bank and Thrift Fund, Inc. (b) Address of Principal Business Offices or, if none, Residence: 40 North Central Avenue, Suite 1200, Phoenix, Arizona 85004-4424 (c) Citizenship Not applicable (d) Title of Class of Securities: Common Stock (e) CUSIP Number: G02995101 Item 3. If this statement is filed pursuant to Sections 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 Securities Exchange Act of 1934 (the "Act"). (b) [ ] Bank as defined in Section 3(a)(6) of the Act. (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act. Page 6 of 10 (d) [X] Investment company registered under Section 8 of the Investment Company Act of 1940. (e) [X] An investment advisor in accordance with Section 240.13d-1(b)(1)(ii)(E). (f) [ ] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F). (g) [X] A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G). (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (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. (j) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J). Item 4. Ownership. Items (a) through (c): See items 1 and 5-11 of the cover pages to this filing. 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. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Pilgrim Investments, Inc., which is a registered investment adviser under Section 203 of the Investment Advisers Act, is a wholly-owned subsidiary of Pilgrim Group, Inc., which is a wholly-owned subsidiary of Pilgrim America Capital Corporation. The reported shares are beneficially owned by Pilgrim Bank and Thrift Fund, Inc., which is a registered investment company for which Pilgrim Investments, Inc. serves as investment adviser. Item 8. Identification and Classification of Members of the Group Not applicable Page 7 of 10 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. 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. PILGRIM AMERICA CAPITAL CORPORATION February 4, 1999 By: /s/ James M. Hennessy (Date) Name: James M. Hennessy Title: Executive Vice President PILGRIM GROUP, INC. February 4, 1999 By: /s/ James M. Hennessy (Date) Name: James M. Hennessy Title: Executive Vice President PILGRIM INVESTMENTS, INC. February 4, 1999 By: /s/ James M. Hennessy (Date) Name: James M. Hennessy Title: Executive Vice President Page 8 of 10 PILGRIM BANK AND THRIFT FUND, INC. February 4, 1999 By: /s/ James M. Hennessy (Date) Name: James M. Hennessy Title: Executive Vice President Page 9 of 10 Joint Filing Agreement In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each other of a Schedule 13G, and all amendments thereto, with respect to each holding of Pilgrim Bank and Thrift Fund, Inc. as to which such a report must be made, and that each such Schedule and all amendments thereto are made on behalf of each of them. IN WITNESS WHEREOF, the undersigned hereby execute this agreement this 4th day of February, 1999. PILGRIM AMERICA CAPITAL CORPORATION By: /s/ James M. Hennessy Name: James M. Hennessy Title: Executive Vice President PILGRIM GROUP, INC. By: /s/ James M. Hennessy Name: James M. Hennessy Title: Executive Vice President PILGRIM INVESTMENTS, INC. By: /s/ James M. Hennessy Name: James M. Hennessy Title: Executive Vice President PILGRIM BANK AND THRIFT FUND, INC. By: /s/ James M. Hennessy Name: James M. Hennessy Title: Executive Vice President Page 10 of 10 -----END PRIVACY-ENHANCED MESSAGE-----