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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
LaSalle Re Holdings Limited
(Name of Issuer)
Common Shares
(Title of Class of Securities)
G53830 10 1
(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).
Page 1 of 5 Pages
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CUSIP NO. G53830 10 1 13G PAGE 2 OF 5 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SDI, Inc.
88-0221657
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
SDI, Inc. is a Nevada corporation.
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SOLE VOTING POWER
5
NUMBER OF
974,710
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 0
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EACH SOLE DISPOSITIVE POWER
7
REPORTING
974,710
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
974,710
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
6.4%
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TYPE OF REPORTING PERSON
12
CO
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Page 3 of 5 Pages
Item I.A. Name of Issuer:
LaSalle Re Holdings Limited
B. Address of Issuer's Principal Executive Offices:
25 Church Street
P.O. Box HM 1502
Hamilton HM FX, Bermuda
Item II.A. Name of Person Filing:
The shares reported herein are held by SDI, Inc.
B. Address of Principal Business Office:
SDI, Inc.
232 Court Street
Reno, Nevada 89501
C. Citizenship:
SDI, Inc. is a Nevada
corporation.
D. Title of Class of Securities:
Common Shares
E. CUSIP Number:
G53830 10 1
Item III. Person Filing
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. ( ) 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
G. ( ) Parent Holding Company, in accordance with
240.13d-1(b)(1)(ii)(G)
H. ( ) Group, in accordance with 240.13d-1 (b)(1)(ii)(H)
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Item IV. Ownership
(a) Amount Beneficially Owned
974,710
(b) Percent of Class
6.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
974,710
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the disposition of
974,710
(iv) shared power to dispose or to direct the disposition of
0
Item V. 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 VI. Ownership of More than Five Percent on Behalf of Another
Person
To the best of our knowledge, we are unaware of any other person
having the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, such securities.
Item VII. Identification and Classification of the Subsidiary Which
Acquired the Security being reported on by the Parent
Holding Company.
NOT APPLICABLE
Item VIII. Identification and Classification of Members of the Group
NOT APPLICABLE
Item IX. Notice of Dissolution of Group
NOT APPLICABLE
Item X. Certification
NOT APPLICABLE
Page 4 of 5 Pages
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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.
* * * * * * * * *
Dated: February 12, 1998 SDI, INC.
By: /s/ Harold S. Handelsman
Name: Harold S. Handelsman
Title: Vice President
Page 5 of 5 Pages