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FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange
Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the
Investment Company Act of 1940
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<S> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Date of Event Re- 4. Issuer Name and Ticker or Trading Symbol
FAIRFAX FINANCIAL HOLDINGS LIMITED quiring Statement ZENITH NATIONAL INSURANCE CORP. ("ZNT")
- --------------------------------------- (Month/Day/Year) ---------------------------------------------------------------
(Last) (First) (Middle) 6/25/1999 5. Relationship of Reporting 6. If Amendment, Date of
-------------------- Person to Issuer Original
95 Wellington Street West, Suite 800 3. IRS or Social Se- (Check all applicable) (Month/Day/Year)
- --------------------------------------- curity Number of [ ] Director [X] 10% Owner ----------------------------
Reporting Person [ ] Officer [ ] Other 7. Individual or Joint/Group
(Street) (Voluntary) (give (specify Filing (Check Applicable
Toronto, Ontario, Canada M5J 2N7 N/A title below) Line)
below) [ ] Form filed by One
Reporting Person
[X} Form filed by More
than one Reporting
Person
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(City) (State) (Zip) TABLE I C NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect
(Instr.4) Beneficially Owned Form: Direct Beneficial Ownership
(Instr. 4) (D) or Indirect (Instr. 5)
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Common Stock 6,660,599 6,574,445 Direct Held through Hamblin Watsa
86,154 Indirect Investment Counsel Ltd.,
an investment management
company and a wholly owned
subsidiary of the
Designated Filer
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
(Print or Type Responses) SEC 1473 (7/96)
* If the form is filed by more than one reporting person, see Instruction
5(b)(v).
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FORM 3 (CONTINUED)
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TABLE II--DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of
(Instr. 4) Exercisable Securities Underlying sion or ship Indirect
and Expira- Derivative Security Exercise Form of Beneficial
tion Date(Month/ (Instr. 4) Price of Deriva- Ownership
Day/Year) Deri- tive (Instr. 5)
-------------------------------------------- vative Security:
Date Expira- Title Amount or Security Direct (D)
Exer- tion Number or Indirect
cisable Date of Shares (I)
(Instr. 5)
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Explanation of Responses:
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
FAIRFAX FINANCIAL HOLDINGS LIMITED
/s/ Eric P. Salsberg,
Vice President, Corporate Affairs July 6, 1999
--------------------------------- ------------
**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, See Instruction 6 for procedure.
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REPORTING PERSONS WHO ARE
BENEFICIAL OWNERS IN THE GROUP
(IN ADDITION TO THE DESIGNATED FILER,
FAIRFAX FINANCIAL HOLDINGS LIMITED)
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DATE OF EVENT
REQUIRING
REPORTING PERSON ADDRESS ISSUER (SYMBOL) STATEMENT SIGNATURE OF REPORTING PERSON
---------------- ------- --------------- --------- -----------------------------
<S> <C> <C> <C> <C>
V. PREM WATSA 95 Wellington Street West, ZENITH NATIONAL 6/25/1999
Suite 800 INSURANCE CORP. ("ZNT") /s/ V. Prem Watsa
Toronto, Ontario, Canada ----------------------------
M5J 2N7 NAME: V. Prem Watsa
THE SIXTY TWO 1600 Cathedral Place ZENITH NATIONAL 6/25/1999
INVESTMENT COMPANY 925 West Georgia Street INSURANCE CORP. ("ZNT") BY: /s/ V. Prem Watsa
LIMITED Vancouver, British Columbia, ----------------------------
Canada NAME: V. Prem Watsa
V6C 3L3 TITLE: President
810679 ONTARIO LIMITED 95 Wellington Street West, ZENITH NATIONAL 6/25/1999
Suite 800 INSURANCE CORP. ("ZNT") BY: /s/ V. Prem Watsa
Toronto, Ontario, Canada ----------------------------
M5J 2N7 NAME: V. Prem Watsa
TITLE: President
HAMBLIN WATSA 95 Wellington Street West, ZENITH NATIONAL 6/25/1999
INVESTMENT COUNSEL Suite 800 INSURANCE CORP. ("ZNT") BY: /s/ V. Prem Watsa
LTD. Toronto, Ontario, Canada ----------------------------
M5J 2N7 NAME: V. Prem Watsa
TITLE: Vice President
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