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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
Reliance Group Holdings, Inc.
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(Name of Issuer)
Common Stock, $.10 par value
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(Title of Class of Securities)
759464109
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(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).
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CUSIP NO. 75946410 13G Page 2 of 12 Pages
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Steinberg Group
(No. S.S or I.R.S. Identification No.)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Not Applicable
5. SOLE VOTING POWER
37,882,583
NUMBER OF SHARES
6. SHARED VOTING POWER
BENEFICIALLY OWNED
14,202,410
BY EACH REPORTING
7. SOLE DISPOSITIVE POWER
PERSON WITH
38,045,542
8. SHARED DISPOSITIVE POWER
14,224,315
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
52,269,857
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
45.8%
12. TYPE OF REPORTING PERSON*
00
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 75946410 13G Page 3 of 12 Pages
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Saul P. Steinberg
S.S No.: ###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
5. SOLE VOTING POWER
28,119,053 (See Note 1)
NUMBER OF SHARES
6. SHARED VOTING POWER
BENEFICIALLY OWNED
13,717,510 (See Notes 2, 3, 5, 6 and 7)
BY EACH REPORTING
7. SOLE DISPOSITIVE POWER
PERSON WITH
28,252,006 (See Notes 1 and 4)
8. SHARED DISPOSITIVE POWER
13,717,510 (See Notes 2, 3, 5, and 7)
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41,969,516
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
37%
12. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 75946410 13G Page 4 of 12 Pages
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert M. Steinberg
S.S No.: ###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
5. SOLE VOTING POWER
4,091,910 (See Notes 8 and 9)
NUMBER OF SHARES
6. SHARED VOTING POWER
BENEFICIALLY OWNED
12,280,830 (See Notes 3 and 6)
BY EACH REPORTING
7. SOLE DISPOSITIVE POWER
PERSON WITH
4,121,916 (See Notes 8, 9 and 10)
8. SHARED DISPOSITIVE POWER
12,280,830 (See Note 3)
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,402,746
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.4%
12. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 75946410 13G Page 5 of 12 Pages
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Anne Steinberg
S.S No.: ###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
5. SOLE VOTING POWER
-0-
NUMBER OF SHARES
6. SHARED VOTING POWER
BENEFICIALLY OWNED
12,356,010 (See Note 3)
BY EACH REPORTING
7. SOLE DISPOSITIVE POWER
PERSON WITH
-0-
8. SHARED DISPOSITIVE POWER
12,356,010 (See Note 3)
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,356,010
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.9%
12. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 75946410 13G Page 6 of 12 Pages
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Roni Sokoloff
S.S No.: ###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
5. SOLE VOTING POWER
2,500,130
NUMBER OF SHARES
6. SHARED VOTING POWER
BENEFICIALLY OWNED
550,080 (See Note 11)
BY EACH REPORTING
7. SOLE DISPOSITIVE POWER
PERSON WITH
2,500,130
8. SHARED DISPOSITIVE POWER
571,985 (See Notes 11 and 12)
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,072,115
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.7%
12. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 75946410 13G Page 7 of 12 Pages
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lynda Jurist
S.S No.: 077-050-3572
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
5. SOLE VOTING POWER
3,096,310
NUMBER OF SHARES
6. SHARED VOTING POWER
BENEFICIALLY OWNED
10,000 (See Note 13)
BY EACH REPORTING
7. SOLE DISPOSITIVE POWER
PERSON WITH
3,096,310
8. SHARED DISPOSITIVE POWER
10,000 (See Note 13)
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,106,310
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.7%
12. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a) Name of Issuer:
Reliance Group Holdings, Inc.
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Item 1(b) Address of Issuer's Principal Executive Offices:
Park Avenue Plaza, 55 East 52nd Street, New York, New York 10055
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Item 2(a) Name of Persons Filing:
The Steinberg Group, Saul P. Steinberg, Robert M. Steinberg, Anne
Steinberg, Roni Sokoloff and Lynda Jurist
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Item 2(b) Address of Principal Business Office or, if none, Residence:
Park Avenue Plaza, 55 East 52nd Street, New York, New York l0055
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Item 2(c) Citizenship:
See Item 4 on each of the cover pages hereto.
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Item 2(d) Title of Class of Securities:
Common Stock, $.10 par value
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Item 2(e) CUSIP Number:
75946410
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Item 3 (g) Not Applicable.
Item 4. Ownership.
(a) Amount Beneficially Owned As of December 3l, l993
See Item 9 on each of the cover pages hereto.
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(b) Percent of Class:
See Item 11 on each of the cover pages hereto.
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(c) Number of shares as to which such person has:
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(i) sole power to vote or to direct the vote
See Item 5 on each of the cover pages hereto.
.....................................................................
(ii) shared power to vote or to direct the vote
See Item 6 on each of the cover pages hereto.
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(iii) sole power to dispose or to direct the disposition of
See Item 7 on each of the cover pages hereto.
.....................................................................
(iv) shared power to dispose or to direct the disposition of
See Item 8 on each of the cover pages hereto.
.....................................................................
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
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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.
The members of the Steinberg Group are Saul P. Steinberg, Robert M.
Steinberg, Anne Steinberg, Roni Sokoloff and Lynda Jurist.
.....................................................................
Item 9. Notice of Dissolution of Group.
Not Applicable
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Item 10. Certification.
Not Applicable
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Notes to Cover Pages - Steinberg Group Amendment No. 9 To Schedule 13G
l. Includes 4,000 shares held by Saul P. Steinberg as custodian for his
children, as to which he disclaims beneficial ownership.
2. Includes 75,l80 shares owned by Saul P. Steinberg's mother, Anne
Steinberg, 336,300 shares owned by Saul P. Steinberg's wife, Gayfryd Steinberg,
and l5,200 shares held by Gayfryd Steinberg as custodian for Jeremy Rayne
Steinberg, as to all of which he disclaims beneficial ownership.
3. Includes l2,280,830 shares owned by the Article III Residuary Trust
under the will of Julius Steinberg. Saul P. Steinberg, his brother Robert M.
Steinberg, Anne Steinberg and a fourth person are the trustees thereof.
4. Includes 132,953 shares allocable to Saul P. Steinberg's contributions
under the Reliance Insurance Company Savings Incentive Plan (the "SIP"), as to
which Saul P. Steinberg has dispositive power.
5. Includes 1,010,000 shares held by the Saul and Gayfryd Steinberg
Foundation, Inc. Saul P. Steinberg disclaims beneficial ownership of such
shares.
6. Does not include any of the shares held in the SIP; the Trustee of the
SIP votes the shares held in the SIP in its sole discretion, in accordance with
the fiduciary standards of the Employee Retirement Income Security Act of 1974,
as amended.
7. Does not include 50,000 shares owned by the Jeremy Rayne Steinberg 1989
Trust, 50,000 shares owned by the Gayfryd Holden Steinberg 1989 Trust and 51,340
shares owned by the Julian David Steinberg 1993 Trust. Jeremy Rayne Steinberg,
Gayfryd Holden Steinberg and Julian David Steinberg are children of Saul P.
Steinberg. Robert M. Steinberg is the trustee of such trusts.
8. Includes 50,000 shares owned by the Jeremy Rayne Steinberg 1989 Trust,
50,000 shares owned by the Gayfryd Holden Steinberg 1989 Trust and 51,340 shares
owned by the Julian David Steinberg 1993 Trust. Jeremy Rayne Steinberg, Gayfryd
Holden Steinberg and Julian David Steinberg are children of Saul P. Steinberg.
Robert M. Steinberg is the trustee of such trusts. Robert M. Steinberg
disclaims beneficial ownership of such shares.
9. Includes 101,730 shares held by Robert M. Steinberg as custodian for his
children, as to which Robert M. Steinberg disclaims beneficial ownership, and
750,000 shares based on the assumed exercise of options to purchase Common Stock
owned by Robert M. Steinberg.
10. Includes 30,006 shares allocable to Robert M. Steinberg's contributions
under the SIP, as to which Robert M. Steinberg has dispositive power.
11. Includes 400,000 shares owned by Roni Sokoloff's husband, 52,580 shares
held by her husband as custodian for their children and 97,500 shares based on
the assumed exercise of options to purchase Common Stock owned by her husband,
as to all of which Roni Sokoloff disclaims beneficial ownership. Roni Sokoloff
is the sister of Saul P. Steinberg and Robert M. Steinberg.
12. Includes 21,905 shares allocable to the contributions of Roni
Sokoloff's husband under the SIP, as to which Mr. Sokoloff has dispositive
power, and as to which Roni Sokoloff disclaims beneficial ownership.
l3. Includes l0,000 shares owned by Lynda Jurist's husband, as to which
Lynda Jurist disclaims beneficial ownership. Lynda Jurist is the sister of Saul
P. Steinberg and Robert M. Steinberg.
<PAGE>
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.
February 13, l996 as of December 3l, l995
.........................................
Date
/s/SAUL P. STEINBERG
.........................................
Signature
Saul P. Steinberg
.........................................
Name
/s/ROBERT M. STEINBERG
.........................................
Signature
Robert M. Steinberg
.........................................
Name
/s/ANNE STEINBERG
.........................................
Signature
Anne Steinberg
.........................................
Name
/s/RONI SOKOLOFF
.........................................
Signature
Roni Sokoloff
.........................................
Name
/s/LYNDA JURIST
.........................................
Signature
Lynda Jurist
.........................................
Name
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EXHIBIT INDEX
Exhibit No. Exhibit Name Page No.
- ----------- ------------ --------
1 Joint Filing Agreement
<PAGE>
Exhibit 1
Joint Filing Agreement
Each of the persons signing below hereby agrees that the Schedule l3G to
which this Joint Filing Agreement is attached is filed on behalf of each of
them.
Dated: February 13, l996
/s/ SAUL P. STEINBERG
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Saul P. Steinberg
/s/ ROBERT M. STEINBERG
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Robert M. Steinberg
/s/ ANNE STEINBERG
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Anne Steinberg
/s/ RONI SOKOLOFF
-----------------
Roni Sokoloff
/s/ LYNDA JURIST
----------------
Lynda Jurist
