SC 13D/A 1 inv13djun01.txt AMEND. NO. 3 FOR BROWN'S DOCK, L.L.C. (INVERNESS) SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- SCHEDULE 13D/A (Rule 13d-101) Under the Securities Exchange Act of 1934 (Amendment No. 3) Southwestern Life Holdings, Inc. -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, $0.01 PAR VALUE -------------------------------------------------------------------------------- (Title of Class of Securities) 845606 10 2 -------------------------------------------------------------------------------- (CUSIP Number) Paul Chute Brown's Dock, L.L.C. 56 Prospect St. Hartford, Connecticut 06115 (860) 403-5594 -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) June 18, 2001 -------------------------------------------------------------------------------- (Date of event which requires filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), (f) or (g), check the following box. ---------------------------- ------------------------------- CUSIP No. 845606 10 2 13D Page 2 ---------------------------- ------------------------------- ================================================================================ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Brown's Dock, L.L.C. --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) --------- ---------------------------------------------------------------------- 3 SEC USE ONLY --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware --------- ---------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------- ------- --------------------------- 8 SHARED VOTING POWER 0 -------------------------------------------- ------- --------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------- ------- --------------------------- 10 SHARED DISPOSITIVE POWER 0 --------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 --------- ---------------------------------------------------------------------- --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES --------- ---------------------------------------------------------------------- --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.0% --------- ---------------------------------------------------------------------- --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ========= ====================================================================== ---------------------------- ------------------------------- CUSIP No. 845606 10 2 13D Page 3 ---------------------------- ------------------------------- ========= ====================================================================== 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Phoenix Home Life Mutual Insurance Company --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) --------- ---------------------------------------------------------------------- 3 SEC USE ONLY --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York --------- ---------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------- ------- --------------------------- 8 SHARED VOTING POWER 0 -------------------------------------------- ------- --------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------- ------- --------------------------- 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------- ------- --------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.0% --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IC ========= ====================================================================== ---------------------------- ------------------------------- CUSIP No. 845606 10 2 13D Page 4 ---------------------------- ------------------------------- ========= ====================================================================== 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Phoenix Investment Partners, Ltd. --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) --------- ---------------------------------------------------------------------- 3 SEC USE ONLY --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS OO --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------- ------- --------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------- ------- --------------------------- 8 SHARED VOTING POWER 0 -------------------------------------------- ------- --------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------- ------- --------------------------- 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------- ------- --------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.0% --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IA ========= ====================================================================== ---------------------------- ------------------------------- CUSIP No. 845606 10 2 13D Page 5 ---------------------------- ------------------------------- ========= ====================================================================== 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Inverness Management Fund I LLC --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) --------- ---------------------------------------------------------------------- 3 SEC USE ONLY --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------- ------- --------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------- ------- --------------------------- 8 SHARED VOTING POWER 0 -------------------------------------------- ------- --------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------- ------- --------------------------- 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------- ------- --------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.0% --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ========= ====================================================================== ---------------------------- ------------------------------- CUSIP No. 845606 10 2 13D Page 6 ---------------------------- ------------------------------- ========= ====================================================================== 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) WMD LLC --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) --------- ---------------------------------------------------------------------- 3 SEC USE ONLY --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------- ------- --------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------- ------- --------------------------- 8 SHARED VOTING POWER 0 -------------------------------------------- ------- --------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------- ------- --------------------------- 10 SHARED DISPOSITIVE POWER 0 --------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.0% --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ========= ====================================================================== ---------------------------- ------------------------------- CUSIP No. 845606 10 2 13D Page 7 ---------------------------- ------------------------------- ========= ====================================================================== 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) J.C. Comis LLC --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) --------- ---------------------------------------------------------------------- 3 SEC USE ONLY --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------- ------- --------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------- ------- --------------------------- 8 SHARED VOTING POWER 0 -------------------------------------------- ------- --------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------- ------- --------------------------- 10 SHARED DISPOSITIVE POWER 0 --------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.0% --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ========= ====================================================================== ---------------------------- ------------------------------- CUSIP No. 845606 10 2 13D Page 8 ---------------------------- ------------------------------- ========= ====================================================================== 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) W. McComb Dunwoody --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) --------- ---------------------------------------------------------------------- 3 SEC USE ONLY --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------- ------- --------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------- ------- --------------------------- 8 SHARED VOTING POWER 0 -------------------------------------------- ------- --------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------- ------- --------------------------- 10 SHARED DISPOSITIVE POWER 0 --------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.0% --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ========= ====================================================================== ---------------------------- ------------------------------- CUSIP No. 845606 10 2 13D Page 9 ---------------------------- ------------------------------- ========= ====================================================================== 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) James C. Comis, III --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) --------- ---------------------------------------------------------------------- 3 SEC USE ONLY --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------- ------- --------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------- ------- --------------------------- 8 SHARED VOTING POWER 0 -------------------------------------------- ------- --------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------- ------- --------------------------- 10 SHARED DISPOSITIVE POWER 0 --------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.0% --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ========= ====================================================================== ---------------------------- ------------------------------- CUSIP No. 845606 10 2 13D Page 10 ---------------------------- ------------------------------- ========= ====================================================================== 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Inverness/Phoenix Partners LP --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) --------- ---------------------------------------------------------------------- 3 SEC USE ONLY --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------- ------- --------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------- ------- --------------------------- 8 SHARED VOTING POWER 0 -------------------------------------------- ------- --------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------- ------- --------------------------- 10 SHARED DISPOSITIVE POWER 0 --------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.0% --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ========= ====================================================================== ---------------------------- ------------------------------- CUSIP No. 845606 10 2 13D Page 11 ---------------------------- ------------------------------- ========= ====================================================================== 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Executive Capital Partners I LP --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) --------- ---------------------------------------------------------------------- 3 SEC USE ONLY --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------- ------- --------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------- ------- --------------------------- 8 SHARED VOTING POWER 0 -------------------------------------------- ------- --------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------- ------- --------------------------- 10 SHARED DISPOSITIVE POWER 0 --------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.0% --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ========= ====================================================================== ---------------------------- ------------------------------- CUSIP No. 845606 10 2 13D Page 12 ---------------------------- ------------------------------- ========= ====================================================================== 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Inverness/Phoenix Capital LLC --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) --------- ---------------------------------------------------------------------- 3 SEC USE ONLY --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------- ------- --------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------- ------- --------------------------- 8 SHARED VOTING POWER 0 -------------------------------------------- ------- --------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------- ------- --------------------------- 10 SHARED DISPOSITIVE POWER 0 --------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.0% --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ========= ====================================================================== ---------------------------- ------------------------------- CUSIP No. 845606 10 2 13D Page 13 ---------------------------- ------------------------------- ========= ====================================================================== 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) DCPM Holdings, Inc. --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) --------- ---------------------------------------------------------------------- 3 SEC USE ONLY --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois -------------------------------------------- ------- --------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------- ------- --------------------------- 8 SHARED VOTING POWER 0 -------------------------------------------- ------- --------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------- ------- --------------------------- 10 SHARED DISPOSITIVE POWER 0 --------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.0% --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ========= ====================================================================== This Amendment No. 3 amends the statement on Schedule 13D which was originally filed on June 23, 2000 and amended by Amendment No. 1 filed on August 23, 2000 and further amended by Amendment No. 2 filed on May 11, 2001 (as amended, the "Schedule 13D"). Capitalized terms used herein and not otherwise defined have the meaning set forth in the Schedule 13D. Item 4. Purpose of Transaction As previously reported in the Schedule 13D filed on May 11, 2001, on April 26, 2001, the Company, Parent and Merger Sub entered into the Merger Agreement. On June 18, 2001 (the "Closing Date"), the Offer contemplated by the Merger Agreement was consummated. Pursuant to the terms of the Offer, each share of Common Stock validly tendered and not withdrawn on or prior to June 15, 2001 was purchased by Merger Sub on the Closing Date for $18.50 in cash. The description of the Merger Agreement contained herein is qualified in its entirety by reference to the full text of such agreement, a copy of which has previously been filed as an exhibit to the Schedule 13D, and is hereby incorporated by reference herein. Item 5. Interest in Securities of Issuer As a result of the consummation of the Offer, the undersigned ceased to be beneficial owners, directly or indirectly, of any shares of Common Stock and, accordingly, ceased to be reporting persons. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 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. June 25, 2001 ---------------------------- Date BROWN'S DOCK, L.L.C. By: /s/James C. Comis III --------------------- Name: James C. Comis III Its: Managing Director INVERNESS/PHOENIX PARTNERS LP By: Inverness/Phoenix Capital LLC Its: General Partner By: Inverness Management Fund I LLC Its: Managing Member By: J.C. Comis LLC Its: General Partner By: /s/James C. Comis III --------------------- Name: James C. Comis III Its: Managing Member EXECUTIVE CAPITAL PARTNERS I LP By: Inverness/Phoenix Capital LLC Its: General Partner By: Inverness Management Fund I LLC Its: Managing Member By: J.C. COMIS LLC Its: General Partner By: /s/James C. Comis III --------------------- Name: James C. Comis III Its: Managing Member INVERNESS/PHOENIX CAPITAL LLC By: Inverness Management Fund I LLC Its: Managing Member By: J.C. COMIS LLC Its: General Partner By: /s/James C. Comis III --------------------- Name: James C. Comis III Its: Managing Member DCPM HOLDINGS, INC. By: Phoenix Investment Counsel, Inc. By: Paul M. Chute --------------------- Name:/s/Paul M. Chute Its: Managing Director PHOENIX HOME LIFE MUTUAL INSURANCE COMPANY By: Paul M. Chute --------------------- Name:/s/Paul M. Chute Its: Managing Director PHOENIX INVESTMENT PARTNERS, LTD. By: Paul M. Chute --------------------- Name:/s/Paul M. Chute Its: Managing Director INVERNESS MANAGEMENT FUND I LLC By: J.C. COMIS LLC Its: General Partner By: /s/James C. Comis III --------------------- Name: James C. Comis III Its: Managing Member WMD LLC By: /s/W. McComb Dunwoody --------------------- Name: W. McComb Dunwoody Its: Managing Member J.C. COMIS LLC By: /s/James C. Comis III --------------------- Name: James C. Comis III Its: Managing Member /s/W. McComb Dunwoody --------------------- W. McComb Dunwoody /s/James C. Comis III --------------------- James C. Comis III EXHIBIT 3 AGREEMENT RE JOINT FILING OF SCHEDULE 13D The undersigned hereby agrees as follows: (i) Each of them is individually eligible to use the Schedule 13D to which this Exhibit is attached, and such Schedule 13D is filed on behalf of each of them; and (ii) Each of them is responsible for the timely filing of such Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. June 25, 2001 -------------------------- Date BROWN'S DOCK, L.L.C. By: /s/James C. Comis III --------------------- Name: James C. Comis III Its: Managing Director INVERNESS/PHOENIX PARTNERS LP By: Inverness/Phoenix Capital LLC Its: General Partner By: Inverness Management Fund I LLC Its: Managing Member By: J.C. Comis LLC Its: General Partner By: /s/James C. Comis III --------------------- Name: James C. Comis III Its: Managing Member EXECUTIVE CAPITAL PARTNERS I LP By: Inverness/Phoenix Capital LLC Its: General Partner By: Inverness Management Fund I LLC Its: Managing Member By: J.C. COMIS LLC Its: General Partner By: /s/James C. Comis III --------------------- Name: James C. Comis III Its: Managing Member INVERNESS/PHOENIX CAPITAL LLC By: Inverness Management Fund I LLC Its: Managing Member By: J.C. COMIS LLC Its: General Partner By: /s/James C. Comis III --------------------- Name: James C. Comis III Its: Managing Member DCPM HOLDINGS, INC. By: Phoenix Investment Counsel, Inc. By: Paul M. Chute --------------------- Name:/s/Paul M. Chute Its: Managing Director PHOENIX HOME LIFE MUTUAL INSURANCE COMPANY By: Phoenix Investment Counsel, Inc. By: Paul M. Chute --------------------- Name:/s/Paul M. Chute Its: Managing Director PHOENIX INVESTMENT PARTNERS, LTD. By: Paul M. Chute --------------------- Name:/s/Paul M. Chute Its: Managing Director INVERNESS MANAGEMENT FUND I LLC By: J.C. COMIS LLC Its: General Partner By: /s/James C. Comis III --------------------- Name: James C. Comis III Its: Managing Member WMD LLC By: /s/W. McComb Dunwoody --------------------- Name: W. McComb Dunwoody Its: Managing Member J.C. COMIS LLC By: /s/James C. Comis III --------------------- Name: James C. Comis III Its: Managing Member /s/W. McComb Dunwoody --------------------- W. McComb Dunwoody /s/James C. Comis III --------------------- James C. Comis III