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FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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[ ] CHECK THIS BOX IF NO LONGER Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
SUBJECT TO SECTION 16. FORM 4 Section 17(a) of the Public Utility Holding Company Act of 1935 or
OR FORM 5 OBLIGATIONS MAY Section 30(f) of the Investment Company Act of 1940
CONTINUE. SEE INSTRUCTION 1(b)
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(Print or Type Responses)
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1. Name and Address of 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Persons to Issuer
Reporting Person* (Check all applicable)
FAIRFAX FINANCIAL HOLDINGS ZENITH NATIONAL INSURANCE CORP. (ZNT) ___ Director _X_ 10% Owner
LIMITED ___ Officer ___ Other (specify
(give title below) below)
(Last) (First) (Middle) 3. IRS or Social 4. Statement for
Security Number of Month/Year
Reporting Person
January 31, 2000
95 Wellington Street West,
Suite 800 5. If Amendment, 7. Individual or Joint/Group Filing (Check
Date of Original Applicable Line)
(Street)
___ Form filed by One Reporting Person
Toronto Ontario, Canada M5J 2N7 N/A _X_ Form filed by More than One Reporting Person
(City) (State) (Zip)
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security 2. Trans- 3. Trans- 4. Securities 5. Amount of 6. Owner- 7. Nature of
(Instr. 3) action action Acquired (A) Securities ship Indirect
Date Code or Disposed of (D) Beneficially Form: Beneficial
(Instr. 8) (Instr. 3, 4 and 5) Owned at Direct Ownership
(Month/ End of Month (D) or (Instr. 4)
Day/ (Instr. 3 and 4) Indirect
Year) (I)
(Instr. 4)
(A)
or
Code V Amount (D) Price
Common Stock 01/21/00 P 10,000 A $20.997 20,000 I Held by The North
River Insurance
Company.
Common Stock 3,287,223 I Held by TIG
Insurance Company
Common Stock 3,287,222 I Held by United
States Fire
Insurance Company
Common Stock 86,154 I Held by Hamblin
Watsa Investment
Counsel Ltd.
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
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FORM 4 (CONTINUED)
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exercisable 7. Title and
Derivative sion or action action Derivative and Expiration Amount of
Security Exercise Date Code Securities Date Underlying
(Instr. 3) Price of (Instr. 8) Acquired (Month/Day/Year) Securities
Derivative (Month/ (A) or (Instr. 3 and 4)
Security Day/ Disposed
Year) of (D)
(Instr. 3,
4 and 5)
Amount or
Date Expiration Number of
Exercisable Date Title Shares
Code V (A) (D)
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8. Price of 9. Number of 10. Ownership 11. Nature of
Derivative Derivative Form of of Indirect
Security Securities Derivative Beneficial
(Instr. 5) Beneficially Security: Ownership
Owned at End Direct (D) or (Instr. 4)
of Month Indirect (I)
(Instr. 4) (Instr. 4)
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EXPLANATION OF RESPONSES:
See Schedule I attached hereto.
* 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 February 9, 2000
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* Name: Eric P. Salsberg Date
Title: Vice President
Note: File three copies of this Form, one of which must be manually signed. If
space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
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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
REPORTING PERSON ADDRESS ISSUER (SYMBOL) REQUIRING STATEMENT SIGNATURE OF REPORTING PERSON
- ---------------- ------- --------------- ------------------- -----------------------------
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01/21/00 BY: /s/ Dennis J. Hammer
THE NORTH RIVER 305 Madison Avenue ZENITH NATIONAL ------------------------
INSURANCE COMPANY P.O. Box 1943 INSURANCE CORP. ("ZNT") NAME: Dennis J. Hammer
Morristown, New Jersey TITLE: Vice President
07960 - 1943
TIG INSURANCE COMPANY 5205 North O'Connor Blvd. ZENITH NATIONAL 6/25/1999
Suite W-200 INSURANCE CORP. ("ZNT") BY: /s/ Courtney Smith
Irving, Texas ------------------------
75039 NAME: Courtney Smith
TITLE: President
UNITED STATES FIRE 305 Madison Avenue ZENITH NATIONAL 6/25/1999 BY: /s/ Denis J. Hammer
INSURANCE COMPANY P.O. Box 1943 INSURANCE CORP. ("ZNT") -------------------------
Morristown, New Jersey NAME: Denis J. Hammer
07960 - 1943 TITLE: Vice President
HAMBLIN WATSA 95 Wellington Street West ZENITH NATIONAL 6/25/1999 BY: /s/ V. Prem Watsa
INVESTMENT COUNSEL Suite 800 INSURANCE CORP. ("ZNT") -------------------------
LTD. Toronto, Ontario, Canada NAME: V. Prem Watsa
M5J 2N7 TITLE: Vice President
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