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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
United States Satellite Broadcasting, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
912534104
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(CUSIP Number)
David E. Simaitis, One Nationwide Plaza 1-35-08, Columbus, Ohio 43216
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
(614) 249-7618
December 1, December 3, and December 8, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with the statement / /. (A fee
is not required only if the reporting 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.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
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* 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).
SEC 1746 (9-88) 1 OF 7
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SCHEDULE 13D
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CUSIP NO. 912534104 PAGE 2 OF 7 PAGES
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<S> <C> <C>
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Nationwide Mutual Insurance Company
31-4177100
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(E) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
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7 SOLE VOTING POWER
4,565,500 on December 1, 1998
3,565,500 on December 3, 1998; 2,565,500 on December 8, 1998
NUMBER OF -------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 4,565,500 on December 1, 1998
3,565,500 on December 3, 1998; 2,565,500 on December 8, 1998
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,565,500 on December 1, 1998; 2,565,500 on December 8, 1998
3,565,500 on December 3, 1998
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.08% on December 1, 1998; 2.86 on December 8, 1998
3.97% on December 3, 1998
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14 TYPE OF REPORTING PERSON*
I.C.
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (9-88) 2 of 7
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Amendment No. 1
ITEM 1. SECURITY AND ISSUER
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This statement relates to the common stock class of equity securities of United
States Satellite Broadcasting, Inc. ("USSB"), with principal executive office
at 3415 University Avenue, St. Paul, Minnesota 55114.
ITEM 2. IDENTITY AND BACKGROUND
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(a)-(b) Nationwide Mutual Insurance Company, One Nationwide Plaza, Columbus, OH
43216, is a mutual insurance company organized under the laws of the State of
Ohio.
Directors of Reporting Persons
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Name Address Principal Occupation
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Lewis J. Alphin 519 Bethel Church Road Farm Owner and Operator
Mount Olive, North Carolina 28365
A.I. Bell 4121 N. River Road W Farm Owner and Operator
Zanesville, OH 43701 Bell Farms/Zanesville
Keith W. Eckel 1647 Falls Road Partner Fred W. Eckelsons
Clarks Summit, PA 18411 President Eckel Farms Inc.
Willard J. Engel 1100 East Main Street General Manager, Lyon
Marshall, Minnesota 56258 County Cooperative Oil
Company
Fred C. Finney 1558 West Moreland Road Farm Owner and Operator,
Wooster, Ohio 44691 Moreland Fruit Farm,
Operator Melrose Orchard
Charles L. Fuellgraf, Jr. 600 S. Washington Street Chief Executive Officer,
Butler, Pennsylvania 16001 Fuellgraf Electric Company,
Electrical Construction &
Engineering Services
Dimon R. McFerson One Nationwide Plaza President and Chief
Columbus, OH 43216 Executive Officer, Nationwide
Insurance Enterprises
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(3)
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<TABLE>
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Name Address Principal Occupation
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<S> <C> <C>
David O. Miller 625 Country Club Dr., Apt B6 President, Owen Potato Farm, Inc.,
Newark, Ohio 43055 Partner M & M Enterprises
Yvonne L. Montgomery 7 Vale Close Sr. Vice President/General
Atlanta, GA 30324 Manager for Xerox Corp.
James F. Patterson 8765 Mulberry Road President, Patterson Farms, Inc.,
Chesterland, Ohio 44026 Vice President Pattersons, Inc.
Arden L. Shisler 2724 W. Lebanon Road President and Chief Executive Officer,
Dalton, Ohio 44118 K & B Transport, Inc.
Robert L. Stewart 88740 Fairview Road Farm Owner and Operator, Owner and
Jewett, Ohio 43986 Operator, Sunnydale Mining
Nancy C. Thomas 10235 Georgetown Road, N.E. Farm Owner and Operator
Louisville, Ohio 44641
Harold W. Weihl 14284 King Road Farm Owner and Operator
Bowling Green, Ohio 43402
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Executive Officers of Reporting Persons
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Name Address Principal Occupation
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<S> <C> <C>
Dimon R. McFerson One Nationwide Plaza Chairman and Chief Executive Officer-
Columbus, OH 43216 Nationwide Insurance Enterprises
Richard D. Crabtree One Nationwide Plaza President and Chief Operating Officer
Columbus, OH 43216
Robert A. Oakley One Nationwide Plaza Executive Vice President-
Columbus, OH 43216 Chief Financial Officer
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(4)
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<TABLE>
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Name Address Principal Occupation
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<S> <C> <C>
Robert J. Woodward, Jr. One Nationwide Plaza Executive Vice President-
Columbus, OH 43216 Chief Investment Officer
Charles A. Bryan One Nationwide Plaza Senior Vice President
Columbus, OH 43216 Corporate Development
W. Sidney Druen One Nationwide Plaza Senior Vice President
Columbus, OH 43216 and General Counsel and
Assistant Secretary
Philip C. Gath One Nationwide Plaza Senior Vice President-
Columbus, OH 43216 Chief Information Technology
Officer
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All of the above named directors, trustees and executive officers of the
reporting persons are hereinafter referred to as "Executive Officers."
(c) Inapplicable
(d)-(e) During the past five years, none of the above-named persons or the
Executive Officers have either been convicted in a criminal proceeding or been
a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction which as result thereof, subjected them to a judgement, decree or
final order enjoining futures violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation
with respect to such laws.
(f) Inapplicable.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
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The source of the funds for the purchase of the stock of USSB was from the
working capital of Nationwide Mutual Insurance Company. The amount of the
purchase price was $20,000,000. No part of the purchase price of the stock of
USSB was borrowed.
ITEM 4. PURPOSE OF TRANSACTION
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Nationwide Mutual Insurance Company sold the subject securities as part of its
investment program. There are no other plans or proposals regarding the subject
securities which the reporting person may have.
(5)
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ITEM 5. INTEREST SECURITIES OF THE ISSUER.
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(a)-(b) As of December 1, December 3 and December 11, 1998, the aggregate
number and percentage of the class of the subject securities, and the type of
voting power attached thereto, is as follows:
Nationwide Mutual Insurance Company -December 1 - 4,565,000
December 3 - 3,565,000
December 11- 2,565,000
On December 1, 1998, Nationwide Mutual Insurance Company sold 500,000 shares of
Class A common stock of United States Satellite Broadcasting, Inc., at a price
per share of $7.375 for a total of $3,687,377.08. On December 3, 1998,
Nationwide Mutual Insurance Company sold 1,000,000 shares of Class A common
stock of United States Satellite Broadcasting, Inc., at a price per share of
$7.00 for a total of $6,999,766.66. On December 8, 1998, Nationwide Mutual
Insurance Company sold 1,000,000 shares of Class A common stock of United
States Satellite Broadcasting, Inc., at a price per share of $7.00 for a total
of $6,999,766.66.
(d) No person, other than Nationwide Mutual Insurance Company, is known to
have the right to receive or the power to direct the receipt of
dividends from or the proceeds from the sale of, such securities.
(e) Inapplicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
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All shareholders owning more than 1,000 shares of the old stock were required
to enter into "Lock Up" Agreements, whereby the shareholders agreed not to
trade their shares for a period of 181 days after the IPO became effective, or
July 30, 1996.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
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Inapplicable.
(6)
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SIGNATURE
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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 accurate.
December 22, 1998 NATIONWIDE MUTUAL INSURANCE COMPANY
/s/ Mark W. Poeppelman
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Mark W. Poeppelman
Investment Officer
(7)
