<PAGE>
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OMB APPROVAL
UNITED STATES OMB NUMBER 3235-0145
SECURITIES AND EXCHANGE COMMISSION EXPIRES: OCTOBER 3L, 1994
WASHINGTON, D.C. 20549 ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE . . . 14.90
------------------------------
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
Emergent Group
- --------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock, $.05 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
290916402
-------------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [_]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*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 the
disclosures provided in a prior cover page.
The information required in 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).
* DUE TO THE ISSUER'S 1 FOR 3 STOCK SPLIT IN JUNE, 1995, THE CUSIP FOR THE
ISSUER'S CLASS A COMMON STOCK CHANGED FROM 290216204 TO 290216402.
PAGE 1 OF 4 PAGES
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- ----------------------- ---------------------
CUSIP NO. 290916402 13G PAGE 2 OF 4 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John Hancock Mutual Life Insurance Company
I.R.S. No. 04-1414660
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
N/A
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Commonwealth of Massachuetts
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 269,976
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
-0-
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 269,976
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
-0-
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
269,976
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.5%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IC
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
PAGE 2 OF 4 PAGES
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The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative other than an
executive officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any tittle of each person who signs the statement shall be typed or
printed beneath his signature.
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
Item 1(a) Name of Issuer:
--------------
Emergent Group
Item 1(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
P.O. Box 17526
Greenville, SC 29606
Item 2(a) Name of Person Filing:
---------------------
This filing is made on behalf of John Hancock Mutual Life
Insurance Company ("JHMLICO").
Item 2(b) Address of the Principal Office:
-------------------------------
The principal business office of JHMLICO is located at John
Hancock Place, P.O. Box 111, Boston, MA 02117.
Item 2(c) Citizenship:
-----------
JHMLICO is organized and exists under the laws of the
Commonwealth of Massachusetts.
Item 2(d) Title of Class of Securities:
----------------------------
Class A Common Stock, par value $.05
Item 2(e) CUSIP Number:
------------
290916402
Due to the Issuer's 1 for 3 stock split in June, 1995, the
CUSIP for the Issuer's Class A Common Stock changed from
290216204 to 290216402.
Item 3 If the Statement is being filed pursuant to Rule 13d-1(b),
----------------------------------------------------------
or 13d-2(b), check whether the person filing is a:
-------------------------------------------------
JHMLICO: (c) (X) Insurance Company as defined in
(S)3(a)(19) of the Act.
Item 4 Ownership:
---------
(a) Amount Beneficially Owned:
-------------------------
The reporting person holds 224,722 shares of Class A
Common Stock, par value ($.05) and 45,254 warrants
exerciseable for Class A Common Stock. The Reporting
Person is deemed to be the beneficial owner of 269,976
shares.
The Reporting Person's warrants to purchase Class A
Common Stock have decreased pursuant to expiration
provisions in the Warrant Agreement, dated December 31,
1985.
PAGE 3 OF 4 PAGES
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(b) Percent of Class: 8.5%
----------------
(c) (i) sole power to vote or to direct the vote:
269,976
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the
disposition of: 269,976
(iv) shared power to dispose or to direct the
disposition of: -0-
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:
------
Not applicable.
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:
-------------
By signing below the undersigned certifies that, to the best
of its 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 transaction having such purpose
or effect.
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY
By: /s/ Marion L. Nierintz
---------------------------------------
Name: Marion L. Nierintz
-------------------------------------
Dated: 2/2/96 Title: Second Vice President
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PAGE 4 OF 4 PAGES
