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Page 1 of 10
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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. 4 )*
---------
POLICY MANAGEMENT SYSTEMS CORPORATION
--------------------------------------------------------
(Name of Issuer)
COMMON STOCK
--------------------------------------------------------
(Title of Class of Securities)
731108106
--------------------------------------------------------
(CUSIP Number)
Government of Singapore Investment Corporation Pte Ltd
250 North Bridge Road #38-00, Raffles City Tower
Singapore 179101 Attn: Ms Seah Wan Hoon(Tel: 3308661)
--------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
20 Aug 97
--------------------------------------------------------
(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 this 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.
*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).
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SCHEDULE 13D
CUSIP No. 731108106 Page 2 of 10 Pages
---------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Government of Singapore Investment Corporation Pte Ltd
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Singapore
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
Nil
--------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 896,700
OWNED BY --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON Nil
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
896,700
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
896,700
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.92%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
00
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
CUSIP No. 731108106 Page 3 of 10 Pages
---------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Government of Singapore
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Singapore
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
Nil
--------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 725,400
OWNED BY --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON Nil
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
725,400
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
725,400
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.98%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
00
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
CUSIP No. 731108106 Page 4 of 10 Pages
---------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Monetary Authority of Singapore
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Singapore
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
Nil
--------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 168,300
OWNED BY --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON Nil
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
168,300
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
168,300
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.92%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
00
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
CUSIP No. 731108106 Page 5 of 10 Pages
---------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Board of Commissioners of Currency, Singapore
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Singapore
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
Nil
--------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,000
OWNED BY --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON Nil
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,000
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.02%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
00
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
Page 6 of 10
ITEM 1. SECURITY AND ISSUER
- ----------------------------
Security : Policy Management Systems Common Stock
Corporation
Address : One PMS Center
P.O. Box 10
Columbia, SC 29202
ITEM 2. IDENTITY AND BACKGROUND
- --------------------------------
(a) Government of Singapore Investment Corporation Pte Ltd
a government agency
(b) 250 North Bridge Road
#38-00 Raffles City Tower
Singapore 179101
(c) Investment Manager
(d) N.A.
(e) N.A.
(f) N.A.
II
(a) Government of Singapore
(b) c/o Government of Singapore Investment Corporation Pte Ltd
250 North Bridge Road
#38-00 Raffles City Tower
Singapore 179101
(c) Government
(d) N.A.
(e) N.A.
(f) N.A.
III
(a) Monetary Authority of Singapore
(b) c/o Government of Singapore Investment Corporation Pte Ltd
250 North Bridge Road
#38-00 Raffles City Tower
Singapore 179101
(c) Central Bank
(d) N.A.
(e) N.A.
(f) N.A.
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Page 7 of 10
IV
(a) Board of Commissioners of Currency, Singapore
(b) c/o Government of Singapore Investment Corporation Pte Ltd
250 North Bridge Road
#38-00 Raffles City Tower
Singapore 179101
(c) Currency Board
(d) N.A.
(e) N.A.
(f) N.A.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
- ----------------------------------------------------------
Source of Funds : Foreign Reserves
Amount : USD36,904,135.17
ITEM 4. PURPOSE OF TRANSACTION
- -------------------------------
Purpose of Acquistion : Investment
None of the reporting persons (nor any of its executive officers or directors,
controlling persons or any executive officer or director of any such
controlling person) has any plans or proposals relating to paragraphs (a)
through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
- ---------------------------------------------
(a) and (b) The aggregate number of shares and percentage of Common Stock of
the issuer beneficially owned by each Reporting Person named in Item 2, as well
as the number of shares of Common Stock as to which such person is deemed to
have sole power to vote or to direct the vote, shared power to vote or to direct
the vote, sole power to dispose or to direct the disposition, or shared power to
dispose or direct the disposition, is set forth in the following table.
<TABLE>
<CAPTION>
No of Shares Power to Vote Power to Dispose
Beneficially
Person Owned Sole(1) Shared(1) Sole(1) Shared(1)
- ------ ------------ ---- ------ ---- ------
<S> <C> <C> <C> <C> <C>
Government of Singapore 896,700 0 896,700 0 896,700
Investment Corporation Pte Ltd
Government of Singapore 725,400 0 725,400 0 725,400
Monetary Authority of Singapore 168,300 0 168,300 0 168,300
Board of Commissioners of 3,000 0 3,000 0 3,000
Currency, Singapore
Total(2)
(all Reporting Persons) 896,700 0 896,700 0 896,700
</TABLE>
- ------------------------------
(1) The Government of Singapore Investment Corporation Pte Ltd shares power
to vote and power to dispose of the 725,400 shares of Common Stock
beneficially owned by it with the Government of Singapore, shares power to
vote and power to dispose of the 168,300 shares of Common Stock beneficially
owned by it with the Monetary Authority of Singapore and shares power to vote
and power to dispose of the 3,000 shares of Common Stock beneficially owned by
it with the Board of Commissioners of Currency, Singapore.
(2) The reporting persons disclaim membership in a group.
<PAGE>
Page 8 of 10
(c) The following transactions were effected since the last filing:
TRADE DATE QUANTITY UNIT PRICE
Government of Singapore Investment Corporation Pte Ltd
- ------------------------------------------------------
Nil
Government of Singapore
- -----------------------
11.08.97 SOLD 36,420 54.7500
12.08.97 SOLD 3,600 55.7717
13.08.97 SOLD 33,000 55.8125
15.08.97 SOLD 16,000 55.8703
18.08.97 SOLD 32,800 55.8750
19.08.97 SOLD 25,500 55.7500
20.08.97 SOLD 50,000 55.9375
21.08.97 SOLD 17,100 56.5000
Monetary Authority of Singapore
- -------------------------------
12.08.97 SOLD 1,000 55.7717
13.08.97 SOLD 5,000 55.8125
15.08.97 SOLD 3,000 55.8703
18.08.97 SOLD 5,000 55.8750
19.08.97 SOLD 4,000 55.7500
20.08.97 SOLD 8,000 55.9375
21.08.97 SOLD 2,600 56.5000
Board of Commissioners of Currency, Singapore
- ---------------------------------------------
13.08.97 SOLD 2,000 55.8125
15.08.97 SOLD 1,000 55.8703
18.08.97 SOLD 1,000 55.8750
19.08.97 SOLD 1,000 55.7500
20.08.97 SOLD 2,000 55.9375
21.08.97 SOLD 1,800 56.5000
(d) N.A.
(e) 21 Aug 97
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
- ---------------------------------------------------
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
- ------------------------------------------------------
N.A.
<PAGE>
Page 9 of 10
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
- -----------------------------------------
1. Power of Attorney of Government of Singapore dated 1 Sep 93.
2. Power of Attorney of Monetary Authority of Singapore dated 14 Aug 93.
3. Power of Attorney of Board of Commissioners of Currency, Singapore dated
16 Aug 94.
SIGNATURE
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 correct.
August 27, 1997
- --------------- Government of Singapore Investment
Date Corporation Pte Ltd
by /s/ Seah Wan Hoon
----------------------------------------
Senior Officer
Government of Singapore
by Government of Singapore Investment
Corporation Pte Ltd, its attorney-in-fact
by /s/ Seah Wan Hoon
----------------------------------------
Senior Officer
Monetary Authority of Singapore
by Government of Singapore Investment
Corporation Pte Ltd, its attorney-in-fact
by /s/ Seah Wan Hoon
----------------------------------------
Senior Officer
Board of Commissioners of Currency, Singapore
by Government of Singapore Investment
Corporation Pte Ltd, its attorney-in-fact
by /s/ Seah Wan Hoon
------------------------------------------
Senior Officer
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Page 10 of 10
EXHIBIT INDEX
Exhibit No. Name of Exhibit Page No
- ----------- --------------- -------
1 Power of Attorney executed by Government of -
Singapore dated 1 Sep 93 (*)
2 Power of Attorney executed by Monetary -
Authority of Singapore dated 14 Aug 93 (*)
3 Power of Attorney executed by Board of -
Commissioners of Currency, Singapore dated
16 Aug 94 (+)
* Incorporated by reference to Reporting Persons' filing with the
Securities and Exchange Commission on Schedule 13D with respect to
the issue on 15 Oct 93.
+ Incorporated by reference to Reporting Persons' filing with the
Securities and Exchange Commission on Schedule 13D with respect to
the issue on 5 Oct 94.
