UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4/A
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
1. Name and Address of Reporting Person(s)
GREENBERG, STEPHEN J
725 S HIGHLAND AVE
MERION, PA 19066
2. Issuer Name and Ticker or Trading Symbol
Highlands Insurance Group, Inc. (HIC)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Year
01/00
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
VICE PRESIDENT
& SECRETARY
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code V Amount D Price End of Month I
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 03/12/99 J 6,461.00 A $85608.00 15,076.00 D Direct
<CAPTION>
Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code V A D Exercisable Expiration
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right $9.50 09/10/99 J 1,004.00 09/10/00 09/10/09
to buy)
Non-Qualified Stock Option $9.50 09/10/99 J 496.00 09/10/00 09/10/09
(right to buy)
Performance Incentive Stock $13.25 03/12/99 A 7,547.00 03/12/00 03/12/09
Options
Performance Non-Qualified Stock$13.25 03/12/99 A 14,953.00 03/12/00 03/12/09
Options
<CAPTION>
Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Month
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right 09/10/99 Common Stock 1,004.00 1,004.00 D Direct
to buy)
Non-Qualified Stock Option 09/10/99 Common Stock 496.00 496.00 D Direct
(right to buy)
Performance Incentive Stock 03/12/99 Common Stock 7,547.00 7,547.00 D Direct
Options
Performance Non-Qualified Stock03/12/99 Common Stock 14,953.00 14,953.00 D Direct
Options
<FN>
Explanation of Responses:
- -
Amended to correct inaccuracies on prior Form 4 filing.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ GREENBERG, STEPHEN J
DATE 01/13/00