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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
PMA Capital Corporation
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(Name of Issuer)
Class A Common Stock, $5 par value per share
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(Title of Class of Securities)
693419202
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(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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
disclosures provided in a prior cover page.
The information required on 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).
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SCHEDULE 13G
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CUSIP No. 693419202 Page 2 of 6 Pages
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NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
John W. Smithson
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2
(a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Citizen of the United States of America
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SOLE VOTING POWER
5
NUMBER OF
585,531 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 57,200 shares
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EACH SOLE DISPOSITIVE POWER
7
REPORTING
585,531 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
57,200 shares
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
642,731 shares
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11
6.2%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
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SCHEDULE 13G
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CUSIP No. 693419202 Page 3 of 6 Pages
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Item 1(a) Name of Issuer:
PMA Capital Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
1735 Market Street, Philadelphia, Pennsylvania
19103-7590
Item 2(a) Name of Person Filing:
John W. Smithson
Item 2(b) Address of Principal Business Office or, if none, Residence:
1735 Market Street, Philadelphia, Pennsylvania
19103-7590
Item 2(c) Citizenship:
Citizen of the United States of America
Item 2(d) Title of Class of Securities:
Class A Common Stock, $5 par value per share
Item 2(e) CUSIP Number:
693419202
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Item 3. If this statement is filed pursuant to (S)(S)240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
Not applicable.
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SCHEDULE 13G
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CUSIP No. 693419202 Page 4 of 6 Pages
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Item 4. Ownership:
(a) Amount beneficially owned:
642,731 shares (1)
(b) Percent of class:
6.2%(1)
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 585,731 shares(1)
(ii) Shared power to vote or to direct the vote: 57,200 shares(1)
(iii) Sole power to dispose or to direct the disposition of: 585,731
shares(1)
(iv) Shared power to dispose or to direct the disposition of: 57,200
shares(1)
___________________
(1) Represents (i) 193,900 shares of the Company's Common Stock, $5 par
value per share, or 1.4% of the outstanding shares of the Company's
Common Stock, of which 136,700 are owned by Mr. Smithson directly,
55,000 shares are owned by Mr. Smithson's wife and 2,200 shares are
owned by Mr. Smithson's dependent daughters, and which are convertible
into an aggregate of 193,900 shares of the Company's Class A Common
Stock, (ii) 86,395 shares of the Company's Class A Common Stock owned
by Mr. Smithson directly and (iii) options to purchase 362,436 shares
of Class A Common Stock that are currently exercisable or will become
exercisable within the next 60 days. On each matter submitted to the
Company's shareholders for a vote, holders of the Company's Common
Stock are entitled to ten votes per share, and holders of the
Company's Class A Common Stock are entitled to one vote per share.
Therefore, based upon total shares outstanding of 13,520,261 shares of
Common Stock and 9,837,963 shares of Class A Common Stock, which
information has been supplied by the Company, and assuming no
conversions of shares of Common Stock into Class A Common Stock and no
exercises of currently exercisable stock options, the holders of the
shares reported in this footnote would be entitled to cast 1.4% of the
total votes that could be cast on a matter submitted to the Company's
shareholders for a vote.
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SCHEDULE 13G
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CUSIP No. 693419202 Page 5 of 6 Pages
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Item 5. Ownership of Five Percent or Less of a Class:
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
No other person has the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of,
the shares of Class A Common Stock and Common Stock beneficially
owned by Mr. Smithson.
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 a Group:
Not applicable.
Item 10. Certification:
Not applicable.
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SCHEDULE 13G
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CUSIP No. 693419202 Page 6 of 6 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.
Date: March 19, 1999 /s/ John W. Smithson
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John W. Smithson
