Washington, DC 20549
Under the Securities and Exchange Act of 1934
Schedule 13G
UNIGENE LABORATORIES INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities )
904753100
(CUSIP NUMBER)
<PAGE>
1) Name of Reporting Person: CNA Financial Corporation
SS or IRS Identification 36-6169860
Nos. of Above Persons:
2) Check the Appropriate Box (a) (b) X
If A Member of Group
(See Instructions)
3) SEC Use Only
4) Citizenship or Place of Organization Delaware
Number of (5) Sole Voting Power 0
Shares
Beneficially Owned (6) Shared Voting Power 3,000,000*
by Each Reporting
Person With: (7) Sole Dispositive Power 0
(8) Shared Dispositive Power 3,000,000*
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 3,000,000*
10) Check if the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions)
11) Percent of Class
Represented By Amount in Row 9 8.3%
12) Type of Reporting
Person (See Instructions) HC
* Under Illinois Law, assets owned by Continental Casualty Company an Illinois
insurance company, are solely under the control of the board of directors of the
insurer. The characterization of shared dispositive power with the parent
holding is made solely as a consequence of SEC interpretations regarding control
of the subsidiary.
<PAGE>
1) Name of Reporting Person: Loews Corporation
SS or IRS Identification 13-2646102
Nos. of Above Persons:
2) Check the Appropriate Box (a) b) X
If A Member of Group
(See Instructions)
3) SEC Use Only
4) Citizenship or Place of Organization Delaware
Number of (5) Sole Voting Power 0
Shares
Beneficially Owned (6) Shared Voting Power 3,000,000*
by Each Reporting
Person With: (7) Sole Dispositive Power 0
(8) Shared Dispositive Power: 3,000,000*
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 3,000,000*
10) Check if the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions)
11) Percent of Class
Represented By Amount in Row 9 8.3%
12) Type of Reporting
Person (See Instructions) HC
* Under Illinois Law, assets owned by Continental Casualty Company an Illinois
insurance company, are solely under the control of theboard of directors of the
insurer. The characterization of shared dispositive power with the parent
holding is made solely as a consequence of SEC interpretations regarding control
of the subsidiary.
<PAGE>
Item 1(a) Name of Issuer. UNIGENE LABORATORIES INC.
Item 1(b) Address of Issuer's Principal Executive Offices
Jay Levy
Chief Financial Officer
UNIGENE LABORATORIES INC.
110 Little Falls Road
Fairfield, New Jersey 07004-2193
Item 2(a) Name of Persons Filing. CNA Financial Corporation
Loews Corporation
Item 2(b) Address of Principal Business Office:
CNA Financial Corporation
CNA Plaza,
ChicagoIllinois 60685
Loews Corporation
667 Madison Avenue
New York, New York 10021-8087
Item 2(c) Citizenship: CNA Financial Corporation-State of Delaware
Loews Corporation - State of Delaware
Item 2(d) Title of Class of Securities. Common Stock
Item 2(e) CUSIP Number. 904753100
Item 3 The persons filing this statement pursuant to Rule 13-1(b)
or 13d-2 are each:
(g) Parent Holding Company (HC) (Relevant subsidiary is
Continental Casualty Company, an Illinois domiciled
insurance company.)
Item 4. Ownership CNA
Loews Financial
Corp. Corp.
(a) Amount Beneficially Owned: 3,000,000* 3,000,000*
(b) Percent of Class 8.3% 8.3%
(c) Number of shares as to which such person has
(i) sole power to vote or to direct the vote 0 0
<PAGE>
(ii) shared power to vote or to direct vote 3,000,000* 3,000,000*
(iii) sole power to dispose or to direct
disposition of 0 0
(iv) shared power to dispose or to
direct disposition 3,000,000* 3,000,000*
Item 5. Ownership of Five Percent or Less of a Class.
Inapplicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Inapplicable.
Item7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported On By the Parent Holding Company.
Continental Casualty Company, an Illinois insurance
company (IC). See Exhibit 1.
Item 8. Identification and Classification of Members of the Group.
Inapplicable.
Item 9. Notice of Dissolution of the Group.
Inapplicable.
* Under Illinois Law, assets owned by Continental Casualty Company an Illinois
insurance company, are solely under the control of the board of directors of the
insurer. The characterization of shared dispositive power with the parent
holding is made solely as a consequence of SEC interpretations regarding control
of the subsidiary.
<PAGE>
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transactions having
such purposes or effect.
After reasonable inquiry and to the best of my knowledge and believe, I
certify that the information set forth in this statement is true, complete and
correct.
March 4, 1997
Date
/s/ Donald M. Lowry
Signature
Donald M. Lowry
Senior Vice President, Secretary and General Counsel
<PAGE>
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transactions having
such purposes or effect.
After reasonable inquiry and to the best of my knowledge and believe, I
certify that the information set forth in this statement is true, complete and
correct.
March 4, 1997
Date
/s/ Barry L Hirsch
Signature
Barry L. Hirsch
Senior Vice President, Secretary and General Counsel
<PAGE>
Exhibit I
Loews Corporation holds in excess of 84% of the equity of CNA Financial Corp.
CNA Financial Corp. owns 100% of the relevant subsidiary, Continental Casualty
Company, an Illinois domiciled insurance company (IC). Continental Casualty
Company is the direct owner of the position being reported.
<PAGE>
Exhibit 2
Each of the undersigned hereby agrees that the Schedule 13G filed
herewith is filed jointly, pursuant to Rule 13d-l(f) of the Securities and
Exchange Act of 1934, as amended, on behalf of each of the undersigned.
CNA FINANCIAL CORPORATION
/s/ Donald M. Lowry
Signature
Donald M. Lowry
Senior Vice President, Secretary and General Counsel
LOEWS CORPORATION
/s/ Barry L Hirsch
Signature
Barry L. Hirsch
Senior Vice President, Secretary and General Counsel
