-----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, DLp8EbUDmuQ7WKgBrMx9/lOzV6VRm1VZGJV0AWpvd2/cNQdfW/dCjSAwTn7hxaOD 5ppos/EDAZlGaaL8Dwzyqw== 0000080835-02-000009.txt : 20020414 0000080835-02-000009.hdr.sgml : 20020414 ACCESSION NUMBER: 0000080835-02-000009 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020208 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SCOTTISH ANNUITY & LIFE HOLDINGS LTD CENTRAL INDEX KEY: 0001064122 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-55937 FILM NUMBER: 02532020 BUSINESS ADDRESS: STREET 1: GRAND PAVILION COMMERCIAL CENTRE STREET 2: 802 WEST BAY RD GEORGE TOWN GRAND CAYMAN CITY: GRAND CAYMAN CAYMAN STATE: E9 ZIP: 00000 BUSINESS PHONE: 3459492800 MAIL ADDRESS: STREET 1: GRAND PAVILION COMMERCIAL CENTRE STREET 2: 802 WEST BAY RD GEORGE TOWN CITY: GRAND CAYMAN CAYMAN STATE: E9 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: SCOTTISH LIFE HOLDINGS LTD DATE OF NAME CHANGE: 19980615 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PROVIDENT INVESTMENT COUNSEL CENTRAL INDEX KEY: 0000080835 IRS NUMBER: 952989756 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 300 N LAKE AVE STE 1001 CITY: PASADENA STATE: CA ZIP: 91101 BUSINESS PHONE: 6264498500 MAIL ADDRESS: STREET 1: 300 NORTH LAKE AVENUE CITY: PASADENA STATE: CA ZIP: 91101 FORMER COMPANY: FORMER CONFORMED NAME: PROVIDENT INVESTMENT COUNSEL INC DATE OF NAME CHANGE: 19920507 SC 13G 1 sct0102.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 0 ) ----------- SCOTTISH ANNUITY & LIFE HOLDINGS LTD - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock - ------------------------------------------------------------------------------- (Title of Class of Securities) G7885T10 ------------------ (CUSIP Number) AS OF JANUARY 31, 2002 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). Page 1 of 10 pages CUSIP No. G7885T10 13G Page 2 of 10 Pages -------- --- --- - -------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. Provident Investment Counsel, Inc. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER (a) / / OF A GROUP* (b) / / - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts - ------------------------------------------------------------------------------- NUMBER OF SHARES (5) SOLE VOTING POWER 703950 BENEFICIALLY OWNED BY ---------------------------------------------------- EACH REPORTING (6) SHARED VOTING POWER 0 PERSON WITH ---------------------------------------------------- (7) SOLE DISPOSITIVE POWER 812600 ---------------------------------------------------- (8) SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 812600 - ------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2% - ------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* CO, IA - ------------------------------------------------------------------------------- Page 2 of 10 pages CUSIP No. G7885T10 13G Page 3 of 10 Pages -------- --- --- - ------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. Robert M. Kommerstad S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (Mr. Kommerstad is no longer a reporting person. See Item 2.) - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER (A) / / OF A GROUP* (B) / / - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - ------------------------------------------------------------------------------- NUMBER OF SHARES (5) SOLE VOTING POWER 0 BENEFICIALLY OWNED BY ---------------------------------------------------- EACH REPORTING (6) SHARED VOTING POWER 0 PERSON WITH ---------------------------------------------------- (7) SOLE DISPOSITIVE POWER 0 ---------------------------------------------------- (8) SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 IA OWNS 812600 SHARES OF COMMON STOCK. MR. KOMMERSTAD IS NO LONGER A REPORTING PERSON. - ------------------------------------------------------------------------------- (10) CHECK BOX 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* Mr. Kommerstad is no longer a reporting person. See Item 2. - ------------------------------------------------------------------------------- Page 3 of 10 pages ITEM 1. (a) NAME OF ISSUER: SCOTTISH ANNUITY & LIFE HOLDINGS LTD (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: Grand Pavilion Commercial Centre 802 W, George Town, Cayman Islands ITEM 2. (a) NAME OF PERSON FILING: This statement is being filed by (i) Provident Investment Counsel Inc., a Massachusetts corporation and registered investment adviser ("IA"), and (ii) Robert M. Kommerstad, a shareholder of IA's predecessor, Provident Investment Counsel, a California corporation which was formerly a registered investment adviser ("Former IA"). IA is continuing the business of Former IA, and is a subsidiary of United Asset Management Corp, which is owned by Old Mutual Plc which became effective September, 2000. Pursuant to an Acquisition Agreement by and among UAM, Former IA and IA, IA acquired substantially all of the assets of Former IA on February 15, 1995. (the "Acquisition"). IA's beneficial ownership of the Common Stock is direct as a result of IA's discretionary authority to buy, sell, and vote shares of such Common Stock for its investment advisory clients. Mr. Kommerstad, as a result of the Acquisition, no longer has beneficial ownership of any of the common stock, and is no longer a reporting person. (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: IA's Principal Business Office is located at: 300 North Lake Avenue, Pasadena, CA 91101-4106. (c) CITIZENSHIP: IA is a Massachusetts corporation. (d) TITLE OF CLASS OF SECURITIES: Class A Common Stock Page 4 of 10 pages (e) CUSIP NUMBER: G7885T10 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b), 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 (d) / / Investment Company registered under section 8 of the Investment Company Act (e) /X/ Investment Adviser registered under section 203 of the Investment Advisers Act (f) / / Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Section 240.13d-1(b) (1) (ii) (F) (g) / / Parent Holding Company, in accordance with Section 240.13d-1(b) (ii) (G) (Note: See Item 7) (h) / / Group, in accordance with Section 240.13d-1(b) (ii) (H) ITEM 4. OWNERSHIP (a) AMOUNT BENEFICIALLY OWNED: IA directly beneficially owns 812600 shares of Common Stock. (b) PERCENT OF CLASS: 5.2% (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: (i) sole power to vote or to direct the vote: IA has the power to vote 703950 shares. No other person has the power to vote such shares. IA has no power to vote 108650 shares for which it has dispositive power. (ii) shared power to vote or to direct the vote: 0 Page 5 of 10 pages (iii) sole power to dispose or to direct the disposition of: IA has the power to dispose all 812600 shares for which it has direct beneficial ownership. It does not share this power with any other person. (iv) shared power to dispose or to direct the disposition of: 0 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS As a result of the Acquisition, Mr. Kommerstad no longer owns any of the common stock. See Item 2 above. IA's beneficial ownership is described in Item 4 above. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON IA, a registered investment adviser, has the right or the power to direct the receipt of dividends from Common Stock, and to direct the receipt of proceeds from the sale of Common Stock to IA's investment advisory clients. No single investment advisory client of IA owns more than 5% of the Common Stock. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. Page 6 of 10 pages ITEM 10. CERTIFICATION 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 transaction having such purposed or effect. Page 7 of 10 pages SIGNATURE After reasonable inquiry and to the best knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. FEBRUARY 10, 2002 PROVIDENT INVESTMENT COUNSEL, INC. By: /s/ Aaron Eubanks - -------------------------- Aaron Eubanks Senior Vice President Chief Operating Officer -----END PRIVACY-ENHANCED MESSAGE-----