-----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, LanTJ1oRntdzos0fco/DBaNw2ORbHHc2zSvqcHgotOSl3CN+FFoR0L1bbn0jEz2c vjBDwyxKezWS3H6+QFY2Cw== 0000950142-99-000185.txt : 19990304 0000950142-99-000185.hdr.sgml : 19990304 ACCESSION NUMBER: 0000950142-99-000185 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19990303 GROUP MEMBERS: HEAD JOHN C III ET AL GROUP MEMBERS: JOHN C HEAD III GROUP MEMBERS: MADIE IVY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PARTNERRE LTD CENTRAL INDEX KEY: 0000911421 STANDARD INDUSTRIAL CLASSIFICATION: ACCIDENT & HEALTH INSURANCE [6321] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-44059 FILM NUMBER: 99556531 BUSINESS ADDRESS: STREET 1: 106 PITTS BAY RD STREET 2: BELVEDERE BLDG CITY: PEMMBROKE PARISH BER STATE: D0 BUSINESS PHONE: 8092920888 FORMER COMPANY: FORMER CONFORMED NAME: PARTNER RE HOLDINGS LTD DATE OF NAME CHANGE: 19950725 FORMER COMPANY: FORMER CONFORMED NAME: PARTNERRE HOLDINGS LTD DATE OF NAME CHANGE: 19930830 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HEAD JOHN C III ET AL CENTRAL INDEX KEY: 0000938236 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O HEAD & CO LLC STREET 2: 1330 AVE OF THE AMERICAS 12TH FL CITY: NEW YORK STATE: NY ZIP: 10019-5412 MAIL ADDRESS: STREET 1: C/O HEAD & CO LLC STREET 2: 1330 AVENUE OF THE AMERICAS 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019-5412 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 PartnerRe Ltd. - -------------------------------------------------------------------------------- (Name of Issuer) Common, $1.00 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) G6852T 10 5 ----------------------------------------------------------------------- (CUSIP Number) * 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. G6852T 10 9 13G ----------------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person John C Head III S.S. or I.R.S. Identifica- tion No. of Above Person (No S.S. or IRS Identification No.) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) X if a Member of a Group (b) - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of U.S.A. Organization - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power Beneficially 51,999 Owned by Each -------------------------------------------------------------- Reporting Person (6) Shared Voting With Power 2,897,592 -------------------------------------------------------------- (7) Sole Dispositive Power 51,999 -------------------------------------------------------------- (8) Shared Dispositive Power 2,897,592 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,949,591 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row 9 5.3% - -------------------------------------------------------------------------------- 12. Type of Reporting Person IN - -------------------------------------------------------------------------------- Page 2 CUSIP NO. G6852T 10 9 13G ----------------- - -------------------------------------------------------------------------------- 5. Name of Reporting Person Madie Ivy S.S. or I.R.S. Identifica- tion No. of Above Person (No S.S. or IRS Identification No.) - -------------------------------------------------------------------------------- 6. Check the Appropriate Box (a) X if a Member of a Group (b) - -------------------------------------------------------------------------------- 7. S.E.C. Use Only - -------------------------------------------------------------------------------- 8. Citizenship or Place of U.S.A. Organization - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power Beneficially 10,261 Owned by Each -------------------------------------------------------------- Reporting Person (6) Shared Voting With Power 2,897,592 -------------------------------------------------------------- (7) Sole Dispositive Power 10,261 -------------------------------------------------------------- (8) Shared Dispositive Power 2,897,592 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,907,853 - -------------------------------------------------------------------------------- 10. Check 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 IN - -------------------------------------------------------------------------------- Page 3 ITEM 1 (A) NAME OF ISSUER PartnerRe Ltd. (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES PartnerRe Building 106 Pitt's Bay Road Pembroke Parish, Bermuda HM08 ITEM 2 (C) NAME OF PERSONS FILING John C Head III Madie Ivy (D) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE For each of the persons named in Item 2(c) above: c/o Head & Company L.L.C. 1330 Avenue of the Americas New York, NY 10019-5402 (E) CITIZENSHIP John C Head III U.S.A. Madie Ivy U.S.A. (F) TITLE OF CLASS OF SECURITIES Common Shares, $1.00 par value. (G) CUSIP NUMBER G6852T 10 5 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 Page 4 (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) [ ] Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (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 ss. 240.13d-1(b)(1)(ii)(F) (g) [ ] Parent Holding Company, in accordance with ss. 240.13d- 1(b)(ii)(G) (Note: See Item 7) (h) [ ] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(H) ITEM 4 OWNERSHIP As of December 31, 1998: John C Head III beneficially owns 2,949,591 Common Shares. Of such shares, (i) 310,128 shares are held by HIIB III L.P. ("HIIB"), a partnership the sole general partner of which is a partnership of which John C Head III is a general partner; (ii) 156,228 shares are issuable to HIIB upon exercise of Class A Warrants; (iii) 1,694,682 shares are issuable upon exercise of Class A Warrants held by Head & Company L.L.C., a limited liability company of which Mr. Head is a Managing Member; (iv) 677,872 shares are issuable upon exercise of Class B Warrants held by Head & Company L.L.C.; (v) 15,000 shares are held by Head Company Profit Sharing Plan of which Mr. Head is a trustee; (vi) 1,000 shares are owned by a Head Company Pension Plan of which Mr. Head is a trustee; (vii) 21,070 shares are held by Charles Partners L.P., the general partner of which Mr. Head is a general partner; (viii) 5,500 shares are held by HMI Partners L.P., the general partner of which Mr. Head is a general partner; (ix) 38,000 shares are issuable to Mr. Head pursuant to currently exercisable options granted to Mr. Head as a non-employee director of the Company; (x) 13,999 shares are owned by Mr. Head; (xi) 3,822 shares are held in custodian accounts for the benefit of the two minor children of Mr. Head and Ms. Ivy; and (xii) 290 shares and 12,000 options are owned by trusts for the benefit of the two minor children of Mr. Head and Ms. Ivy. Mr. Head is married to Ms. Ivy. Page 5 Madie Ivy beneficially owns 2,907,853 Common Shares. Of such shares, (i) 310,128 shares are held by HIIB, a partnership the sole general partner of which is a partnership of which Madie Ivy is a general partner; (ii) 156,228 shares are issuable to HIIB upon exercise of Class A Warrants; (iii) 1,694,682 shares are issuable upon exercise of Class A Warrants held by Head & Company L.L.C., a limited liability company of which Ms. Ivy is a Managing Member; (iv) 677,872 shares are issuable upon exercise of Class B Warrants held by Head & Company L.L.C.; (v) 15,000 shares are owned by Head Company Profit Sharing Plan of which Ms. Ivy is a trustee; (vi) 1,000 shares are owned by Head Company Pension Plan of which Ms. Ivy is a trustee; (vii) 21,070 shares are held by Charles Partners L.P., the general partner of which Ms. Ivy is a general partner; (viii) 5,500 shares are held by HMI Partners L.P., the general partner of which Ms. Ivy is a general partner; (ix) 10,261 shares are owned by Ms. Ivy; (x) 3,822 shares are held in custodian accounts for the benefit of the two minor children of Mr. Head and Ms. Ivy; and (xi) 290 shares and 12,000 options are owned by trusts for the benefit of the two minor children of Mr. Head and Ms. Ivy. ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS 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 Not applicable. Page 6 ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP John C Head III (IN) Madie Ivy (IN) HIIB III L.P. (PN) Head & Company L.L.C. (OO) Head Company Pension Plan (EP) Head Company Profit Sharing Plan (EP) HMI Partners L.P. (PN) Charles Partners L.P. (PN) Custodian Accounts f/b/o two minor children of Mr. Head and Ms. Ivy (OO) Trusts f/b/o minor children of Mr. Head and Ms. Ivy (OO) ITEM 9 NOTICE OF DISSOLUTION OF GROUP Not applicable. Page 7 SIGNATURES 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. March 3, 1999 - ------------- Date /s/ John C Head III ------------------- JOHN C HEAD III /s/ Madie Ivy ------------- MADIE IVY Page 8 INDEX TO EXHIBITS Exhibit No. Description 1 Joint Filing Agreement dated as of March 3, 1999 Page 9 EX-1 2 EXHIBIT 1 Exhibit 1 JOINT FILING AGREEMENT Pursuant to Rule 13d-1(f)(1)(iii) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned agree that the Statement to which this Exhibit is attached is filed on behalf of each of them. March 3, 1999 - ------------- Date /s/ John C Head III ------------------- JOHN C HEAD III /s/ Madie Ivy ------------- MADIE IVY Page 10 -----END PRIVACY-ENHANCED MESSAGE-----