-----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, VtEh5yYwnH3aQrBDKprViVbmhmntelwb1A/WIDE/AColu3f1g4+n4funpsVYYRZB w2+aSHANSm9iZZ7hxdIQlg== 0000950147-00-000210.txt : 20000215 0000950147-00-000210.hdr.sgml : 20000215 ACCESSION NUMBER: 0000950147-00-000210 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000214 GROUP MEMBERS: PILGRIM BANK & THRIFT FUND, INC. GROUP MEMBERS: PILGRIM GROUP, INC. GROUP MEMBERS: PILGRIM HOLDINGS CORPORATION GROUP MEMBERS: PILGRIM INVESTMENTS 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 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-55381 FILM NUMBER: 541558 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/A 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/A 1 AMENDMENT NO. 1 TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 SCHEDULE 13G/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 1)* AMERICAN SAFETY INSURANCE GROUP, LTD. ------------------------------------- (Name of Issuer) Common Stock ------------------------------ (Title of Class of Securities) G02995101 -------------- (CUSIP Number) December 31, 1999 ------------------------------------------------------- (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 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. G02995101 - ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Pilgrim Holdings Corporation 06-1389975 ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] N/A (b) [ ] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER 0 ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None. Pursuant to Rule 13d-4, Pilgrim Holdings 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 BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] N/A ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* HC ----------------------------------------------------------------------------- PAGE 2 OF 9 PAGES - ------------------- CUSIP NO. G02995101 - ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Pilgrim Group, Inc. 95-4516050 ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] N/A (b) [ ] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------------ WITH 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 BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] N/A ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* HC ----------------------------------------------------------------------------- PAGE 3 OF 9 PAGES - ------------------- CUSIP NO. G02995101 - ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Pilgrim Investments, Inc. 95-4516049 ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] N/A (b) [ ] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------------ WITH 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 BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] N/A ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.28% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA ----------------------------------------------------------------------------- PAGE 4 OF 9 PAGES - ------------------- CUSIP NO. G02995101 - ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Pilgrim Bank and Thrift Fund, Inc. 95-4020286 ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] N/A (b) [ ] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Maryland ----------------------------------------------------------------------------- 5 SOLE VOTING POWER 430,000 NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER 430,000 ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 430,000 ----------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] N/A ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.28% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IV ----------------------------------------------------------------------------- PAGE 5 OF 9 PAGES 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 Holdings Corporation Pilgrim Group, Inc. Pilgrim Investments, Inc. Pilgrim Bank and Thrift Fund, Inc. (b) Address of Principal Business Offices or, if none, Residence: Pilgrim Holdings Corporation: 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 RULES 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or Dealer registered under section 15 of 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 of 6 of 9 (d) [X] Investment Company registered under Section 8 of the Investment Company Act of 1940, (e) [X] An investment adviser in accordance with ss.240.13d-1(b)(1) (ii)(E), (f) [ ] An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F), (g) [X] A parent holding company or control person in accordance with ss.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) [ ] A group, in accordance with ss.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 Holdings Corporation. The reported shares were 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 ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable Page 7 of 9 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 HOLDINGS CORPORATION Feburary 14, 2000 By: /s/ James M. Hennessy Name: James M. Hennessy Title: Executive Vice President PILGRIM GROUP, INC. February 14, 2000 By: /s/ James M. Hennessy Name: James M. Hennessy Title: Executive Vice President PILGRIM INVESTMENTS, INC. February 14, 2000 By: /s/ James M. Hennessy Name: James M. Hennessy Title: Executive Vice President PILGRIM BANK AND THRIFT FUND, INC. February 14, 2000 By: /s/ James M. Hennessy Name: James M. Hennessy Title: Executive Vice President Page 8 of 9 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 14th day of February, 2000. PILGRIM HOLDINGS CORPORATION Feburary 14, 2000 By: /s/ James M. Hennessy Name: James M. Hennessy Title: Executive Vice President PILGRIM GROUP, INC. February 14, 2000 By: /s/ James M. Hennessy Name: James M. Hennessy Title: Executive Vice President PILGRIM INVESTMENTS, INC. February 14, 2000 By: /s/ James M. Hennessy Name: James M. Hennessy Title: Executive Vice President PILGRIM BANK AND THRIFT FUND, INC. February 14, 2000 By: /s/ James M. Hennessy Name: James M. Hennessy Title: Executive Vice President Page 9 of 9 -----END PRIVACY-ENHANCED MESSAGE-----