<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)*
AMERCO
- -------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.25 par value per share
- -------------------------------------------------------------------------
(Title of Class of Securities)
023586100
- -------------------------------------------------------------------------
(CUSIP Number)
Gary V. Klinefelter, Esq.
2727 North Central Avenue
Phoenix, Arizona 85021
(602) 263-6671
- -------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 18, 1996
- -------------------------------------------------------------------------
(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 [ ].
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 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).
(The Exhibit Index is located on Page 20)
- ----------------------------
*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.
<PAGE> 2
AMENDMENT NO. 10 TO SCHEDULE 13D
PURSUANT TO RULE 13d-2
OF THE
GENERAL RULES AND REGULATIONS
UNDER THE
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
A group consisting of EJOS, Inc., an Arizona corporation;
Edward J. Shoen; M.V.S., Inc., a Nevada corporation; Mark V. Shoen;
Japal, Inc., a Nevada corporation; James P. Shoen; Pafran, Inc., a
Nevada corporation; Paul F. Shoen; Sophmar, Inc., a Nevada
corporation; Sophia M. Shoen; and the AMERCO Employee Savings, Profit
Sharing and Employee Stock Ownership Trust (the "ESOP Trust") filed a
Schedule 13D with the Securities and Exchange Commission (the
"Commission") on May 21, 1992 (the "Original Schedule 13D"). The
Original Schedule 13D was amended by Amendment No. 1 filed with the
Commission on August 21, 1992, Amendment No. 2 filed with the
Commission on April 19, 1993, Amendment No. 3 filed with the
Commission on June 12, 1993, Amendment No. 4 filed with the
Commission on September 17, 1993, Amendment No. 5 filed with the
Commission on April 25, 1994, Amendment No. 6 filed with the
Commission on May 31, 1994, Amendment No. 7 filed with the Commission
on September 9, 1994, and Amendment No. 8 filed with the Commission
on December 19, 1994, and Amendment No. 9 filed with the Commission
on July 3, 1995. This Amendment No. 10 pursuant to Rule 13d-2 under
the Act amends and supplements the cover pages and statements under
Items 4, 5, 6, and 7 of the Original Schedule 13D, as amended by
Amendments No. 1 through 9. Capitalized terms used in this Amendment
No. 10 and not otherwise defined shall have the meaning ascribed to
such terms in the Original Schedule 13D, as amended.
This Amendment No. 10 is being filed by Edward J. Shoen,
Mark V. Shoen, James P. Shoen, Paul F. Shoen, the ESOP Trust, Oxford
Life Insurance Company, Trustee under that certain Irrevocable Trust
dated December 20, 1982 (Edward J. Shoen, grantor), Oxford Life
Insurance Company, Trustee under that certain Irrevocable Trust dated
December 20, 1982 (Mark V. Shoen, grantor), Oxford Life Insurance
Company, Trustee under that certain Irrevocable Trust dated
December 20, 1982 (James P. Shoen, grantor), Oxford Life Insurance
Company, Trustee under that certain Irrevocable Trust dated
December 20, 1982 (Paul F. Shoen, grantor), and Oxford Life Insurance
Company, Trustee under that certain Irrevocable Trust dated
December 20, 1982 (Sophia M. Shoen, grantor). Sophia M. Shoen, who
has participated in this group's Schedule 13D filings in the past,
has refused to join in this Amendment No. 10.
Cover Pages.
- -----------
As a result of the sale by Sophia M. Shoen (described in
Item 4 below) of 100,000 shares of the Company's Common Stock, $0.25
par value (the "Common Stock") to the public on December 18, 1996 and
118,900 shares of Common Stock pursuant to Rule 144 under the
Securities Act, Sophia M. Shoen now owns 1,419,572 shares of Common
Stock.
As a result of the sales by Paul F. Shoen (described in
Item 4 below) of 150,000 shares of Common Stock to the public on
December 18, 1996, 45,000 shares of Common Stock to the Company on
May 31, 1995, and 554,500 shares of Common Stock pursuant to Rule 144
under the Securities Act, Paul F. Shoen now owns 2,032,558 shares of
Common Stock.
<PAGE> 3
As the result of a gift by Mark V. Shoen (described in Item
4 below) of 32,539 shares of Common Stock to Jacqueline Y. Shoen on
November 5, 1996, Mark V. Shoen now owns 3,442,981 shares of Common
Stock.
As a result of year-end allocations of Common Stock by the
ESOP Trust to participants in the AMERCO Employee Savings, Profit
Sharing and Employee Stock Ownership Plan, purchases of allocated
Common Stock from employees of the Company whose employment has been
terminated, and open market purchase of Common Stock by the ESOP
Trust (also described in Item 4 below), the ESOP Trust now holds
1,511,150 shares of Common Stock pursuant to the Stockholder
Agreement.
Accordingly, the cover pages are hereby amended in their
entirety, to reflect the foregoing transactions.
<PAGE> 4
CUSIP No. 023586100
13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edward J. Shoen
- ------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
00
- -------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona, United States
- -------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY ------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY
EACH 15,774,096
REPORTING ------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
15,774,096
- -------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,774,096
- -------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- -------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.8
- -------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- -------------------------------------------------------------------------
<PAGE> 5
CUSIP No. 023586100
13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mark V. Shoen
- -------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
00
- -------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona, United States
- -------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY ------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY
EACH 15,774,096
REPORTING ------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
15,774,096
- -------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,774,096
- -------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- -------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.8
- -------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- -------------------------------------------------------------------------
<PAGE> 6
CUSIP No. 023586100
13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James P. Shoen
- -------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
00
- -------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona, United States
- -------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY ------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY
EACH 15,774,096
REPORTING ------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
15,774,096
- -------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,774,096
- -------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- -------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.8
- -------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- -------------------------------------------------------------------------
<PAGE> 7
CUSIP No. 023586100
13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul F. Shoen
- -------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
00
- -------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona, United States
- -------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY ------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY
EACH 15,774,096
REPORTING ------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
15,774,096
- -------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,774,096
- -------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- -------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.8
- -------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- -------------------------------------------------------------------------
<PAGE> 8
CUSIP No. 023586100
13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Irrevocable Trust dated December 20, 1982 between Edward J.
Shoen, as grantor, and Oxford Life Insurance Company, as
trustee
- -------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
00
- -------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona, United States
- -------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY ------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY
EACH 15,774,096
REPORTING ------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
15,774,096
- -------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,774,096
- -------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- -------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.8
- -------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
00
- -------------------------------------------------------------------------
<PAGE> 9
CUSIP No. 023586100
13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Irrevocable Trust dated December 20, 1982 between Mark V.
Shoen, as grantor, and Oxford Life Insurance Company, as
trustee
- -------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
00
- -------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona, United States
- -------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY ------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY
EACH 15,774,096
REPORTING ------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
15,774,096
- -------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,774,096
- -------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- -------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.8
- -------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
00
- -------------------------------------------------------------------------
<PAGE> 10
CUSIP No. 023586100
13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Irrevocable Trust dated December 20, 1982 between James P.
Shoen, as grantor, and Oxford Life Insurance Company, as
trustee
- -------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
00
- -------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona, United States
- -------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY ------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY
EACH 15,774,096
REPORTING ------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
15,774,096
- -------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,774,096
- -------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- -------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.8
- -------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
00
- -------------------------------------------------------------------------
<PAGE> 11
CUSIP No. 023586100
13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Irrevocable Trust dated December 20, 1982 between
Paul F. Shoen, as grantor, and Oxford Life Insurance
Company, as trustee
- -------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
00
- -------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona, United States
- -------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY ------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY
EACH 15,774,096
REPORTING ------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
15,774,096
- -------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,774,096
- -------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- -------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.8
- -------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
00
- -------------------------------------------------------------------------
<PAGE> 12
CUSIP No. 023586100
13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Irrevocable Trust dated December 20, 1982 between
Sophia M. Shoen, as grantor, and Oxford Life Insurance
Company, as trustee
- -------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
00
- -------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona, United States
- -------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY ------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY
EACH 15,774,096
REPORTING ------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
15,774,096
- -------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,774,096
- -------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- -------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.8
- -------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
00
- -------------------------------------------------------------------------
<PAGE> 13
CUSIP No. 023586100
13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The AMERCO Employee Savings, Profit Sharing and Employee
Stock Ownership Trust
- -------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
00
- -------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona, United States
- -------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY ------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY
EACH 15,774,096
REPORTING ------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
15,774,096
- -------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,774,096
- -------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- -------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.8
- -------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
EP
- -------------------------------------------------------------------------
<PAGE> 14
Item 4. Purpose of Transaction.
----------------------
The information set forth in Item 4 is supplemented to read
as follows:
Pursuant to a Registration Statement on Form S-3, effective
December 10, 1996 (Registration No. 333-15485), Sophia M. Shoen sold
100,000 shares of Common Stock to the public on December 18, 1996 at
a price to the public of $35.00 per share. In addition, Sophia M.
Shoen has sold an aggregate of 118,900 shares of Common Stock
pursuant to Rule 144 under the Securities Act of 1933, as amended
(the "Securities Act") and may make additional sales pursuant to Rule
144 in the future. As a result of the above sales, Sophia M. Shoen
now owns 1,419,572 shares of Common Stock.
Pursuant to a Registration Statement on Form S-3, effective
December 10, 1996 (Registration No. 333-15485), Paul F. Shoen sold
150,000 shares of Common Stock to the public on December 18, 1996 at
a price to the public of $35.00 per share. On May 31, 1995, the
Company purchased 45,000 shares of the Company's Common Stock from
Paul F. Shoen for $996,000. In addition, Paul F. Shoen has sold an
aggregate of 554,500 shares of Common Stock pursuant to Rule 144
under the Securities Act and may make additional sales pursuant to
Rule 144 in the future. As a result of the above sales, Paul F.
Shoen now owns 2,032,558 shares of Common Stock.
Mark V. Shoen transferred 32,539 shares of Common Stock to
Jacqueline Y. Shoen on November 5, 1996 as a gift. As a result of
the gift, Mark V. Shoen now owns 3,442,981 shares of Common Stock.
On October 1, 1996, the Company paid the last portion of a
total of approximately $448.1 million to the plaintiffs (non-
management members of the Shoen family and their affiliates) in a
long-standing legal dispute involving the Shoen family and related to
control of the Company. As a result, the plaintiffs were required to
transfer all of their 18,254,976 shares of Common Stock to the
Company which represented 47.3% of its outstanding Common Stock
(prior to giving effect to the issuance of 2,250,000 shares of Common
Stock sold to the public by the Company on December 18, 1996).
From July 17, 1995 through September 26, 1995, the ESOP
Trust made periodic open market purchases on Nasdaq of 36,200 shares
of Common Stock at prices ranging from $16.25 to $18.75 per share and
has made its year end allocations of an aggregate of 533,165 shares
of Common Stock (for 1995 and 1996) to participants in the AMERCO
Employee Savings, Profit Sharing and Employee Stock Ownership Plan.
In addition, the ESOP Trust has purchased 71,396 shares of Common
Stock from certain employees of the Company upon termination of their
employment. The purchases of such stock, which was allocated to the
employees' ESOP Trust accounts, were made at the then current market
price on Nasdaq. The ESOP Trust will continue to make year end
allocations of Common Stock and continue to purchase stock allocated
to employees whose employment with the Company is terminated.
The Stockholder Agreement may be terminated at the
respective election of Paul F. Shoen or Sophia M. Shoen, upon the
Company's failure to effect the registration of securities held by
them. Paul F. Shoen and Sophia M. Shoen have informed the Company
that they believe the Stockholder Agreement has been terminated as a
result of the Company's alleged failure to effect in a timely manner
the registration of Common Stock held by Sophia M Shoen in 1994.
Furthermore, at the Company's Combined Annual Meeting of Stockholders
held on January 17, 1997, Sophia M. Shoen refused to vote her shares
of Common Stock in accordance with the Stockholder Agreement.
<PAGE> 15
Item 5. Interest in Securities of the Issuer.
-------------------------------------
The information set forth in Item 5 is revised in its
entirety to read as follows:
Edward J. Shoen, the E Trust, Mark V. Shoen, the M Trust, James P.
- ---------------------------------------------------------------------
Shoen, the J Trust, Paul F. Shoen, the P Trust, Sophia M. Shoen, the
- ---------------------------------------------------------------------
S Trust, the ESOP Trust, and the ESOP Trustee, as a group
- ---------------------------------------------------------
(i) Aggregate number of shares: 15,774,096
(ii) Percentage of class: 69.8 (1)
(iii) Sole voting power:
(iv) Shared voting power: 15,774,096
(v) Sole dispositive power:
(vi) Shared dispositive power: 15,774,096
Edward J. Shoen (without regard to the Stockholder Agreement)
- -------------------------------------------------------------
(i) Aggregate number of shares: 3,483,681
(ii) Percentage of class: 15.4
The E Trust (without regard to the Stockholder Agreement)
- ---------------------------------------------------------
(i) Aggregate number of shares: 559,443
(ii) Percentage of class: 2.5
Mark V. Shoen (without regard to the Stockholder Agreement)
- -----------------------------------------------------------
(i) Aggregate number of shares: 3,442,981
(ii) Percentage of class: 15.2
The M Trust (without regard to the Stockholder Agreement)
- ---------------------------------------------------------
(i) Aggregate number of shares: 527,604
(ii) Percentage of class: 2.3
James P. Shoen (without regard to the Stockholder Agreement)
- ------------------------------------------------------------
(i) Aggregate number of shares: 2,278,814
(ii) Percentage of class: 10.1
- ----------------
(1) Based on 22,614,087 outstanding shares which include 16,851,592 shares
of Common Stock and 5,762,495 shares of Series A Stock.
<PAGE> 16
The J Trust (without regard to the Stockholder Agreement)
- ---------------------------------------------------------
(i) Aggregate number of shares: 337,426
(ii) Percentage of class: 1.5
Paul F. Shoen (without regard to the Stockholder Agreement)
- -----------------------------------------------------------
(i) Aggregate number of shares: 2,032,558
(ii) Percentage of class: 9.0
The P Trust (without regard to the Stockholder Agreement)
- ---------------------------------------------------------
(i) Aggregate number of shares: 71,976
(ii) Percentage of class: 0.3
Sophia M. Shoen (without regard to the Stockholder Agreement)
- -------------------------------------------------------------
(i) Aggregate number of shares: 1,419,572
(ii) Percentage of class: 6.3
The S Trust (without regard to the Stockholder Agreement)
- ---------------------------------------------------------
(i) Aggregate number of shares: 108,891
(ii) Percentage of class: 0.5
<PAGE> 17
The ESOP Trust (without regard to the Stockholder Agreement)
- ------------------------------------------------------------
(i) Aggregate number of shares: 1,511,150 (2) (3)
(ii) Percentage of class: 6.7
The ESOP Trustee (without regard to the Stockholder Agreement)
- --------------------------------------------------------------
(i) Aggregate number of shares: 1,511,150 (2) (3)
(ii) Percentage of class: 6.7
Except as described in Item 4 hereof, no member of the group
described on page 2 effected any transactions in Common Stock during
the past sixty days.
Item 6. Contracts, Arrangements, Understandings or Relationships
----------------------------------------------------------
with Respect to Securities of the Issuer.
- -----------------------------------------
Edward J. Shoen, Mark V. Shoen, and James P. Shoen have
pledged 2,400,000 shares of Series A Stock, 2,400,000 shares of
Common Stock, and 1,200,000 shares of Series A Stock, respectively,
to NationsBank Corporation to secure certain obligations of the
Company, the purchaser of the Company's Series B Preferred Stock, and
themselves. In addition, Edward J. Shoen has pledged an aggregate of
154,035 shares of Series A Stock to Bank One, as trustee of an
Impoundment Trust securing payment of his obligations, if any,
pursuant to the punitive damages award in the Shoen Litigation.
Item 7. Material to be Filed as Exhibits.
---------------------------------
Attached to this Amendment No. 10 as an exhibit is the
Statement Pursuant to Rule 13d-1(f).
_______________________________
(2) These shares include shares allocated to the accounts of
Edward J. Shoen (2,771.59 shares), Mark V. Shoen (2,496.99 shares),
James P. Shoen (2,465.92 shares), Paul F. Shoen (779.33 shares), and
Sophia M. Shoen (196.87 shares) pursuant to the Plan of which the
ESOP Trust is a part. These shares are not included in the number of
shares beneficially owned by Edward J. Shoen, Mark V. Shoen,
James P. Shoen, Paul F. Shoen, and Sophia M. Shoen as disclosed in
this Item 5.
(3) Although the ESOP Trust is a party to the Stockholder Agreement,
the ESOP Trust is not required to fulfill its voting obligations under the
Stockholder Agreement unless the ESOP Trustee is provided with an opinion of
counsel, satisfactory to the ESOP Trustee that the compliance by the
ESOP Trustee with the voting requirements of the Stockholder Agreement will
not result in a violation of the provisions of the Employee Retirement Income
Security Act of 1974, as amended, or the Internal Revenue Code of 1986, as
amended. Prior to the Company's Combined Annual Meeting of Stockholders held
January 17, 1997, the ESOP Trustee informed the Company that it would not vote
its shares in accordance with the Stockholder Agreement since it had not
received such an opinion. While the shares held by the ESOP Trustee pursuant
to the Stockholder Agreement were not voted in accordance with the Stockholder
Agreement at the meeting, the votes cast by the ESOP Trustee were consistent
with the votes cast by the proxy for the other parties to the Stockholder
Agreement (other than Sophia M. Shoen). The ESOP Trustee may in its
discretion waive the opinion requirement.
<PAGE> 18
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this Amendment
No. 10 to Schedule 13D is true, complete, and correct.
THE AMERCO EMPLOYEE SAVINGS,
PROFIT SHARING AND EMPLOYEE
STOCK OWNERSHIP TRUST
/s/ Edward J. Shoen By: /s/ Lloyd T. Dyer
- -------------------- ---------------------------
EDWARD J. SHOEN Lloyd T. Dyer
Date: May 30, 1997 Trustee
Date: May 12, 1997
/s/ Mark V. Shoen By: /s/ Arthur M. Smith, Jr.
- -------------------- ---------------------------
MARK V. SHOEN Arthur M. Smith, Jr.
Date: May 30, 1997 Trustee
Date: May 12, 1997
/s/ James P. Shoen By: /s/ Theodore J. Day
- -------------------- ---------------------------
JAMES P. SHOEN Theodore J. Day
Date: May 30, 1997 Trustee
Date: May 12, 1997
/s/ Paul F. Shoen
- --------------------
PAUL F. SHOEN
Date: May 30, 1997
<PAGE> 19
OXFORD LIFE INSURANCE COMPANY, OXFORD LIFE INSURANCE COMPANY,
Trustee under that certain Trustee under
Irrevocable Trust, that certain Irrevocable Trust,
dated December 20, 1982 dated December 20, 1982
(James P. Shoen, grantor) (Mark V. Shoen, grantor)
By: /s/ Mark A. Haydukovich By: /s/ Mark A. Haydukovich
------------------------ ------------------------
MARK A. HAYDUKOVICH MARK A. HAYDUKOVICH
Its Vice President Its Vice President
Date: May 30, 1997 Date: May 30, 1997
OXFORD LIFE INSURANCE COMPANY, OXFORD LIFE INSURANCE COMPANY,
Trustee under that certain Trustee under
Irrevocable Trust, that certain Irrevocable Trust,
dated December 20, 1982 dated December 20, 1982
(Paul F. Shoen, grantor) (Sophia M. Shoen, grantor)
By: /s/ Mark A. Haydukovich By: /s/ Mark A. Haydukovich
------------------------ ------------------------
MARK A. HAYDUKOVICH MARK A. HAYDUKOVICH
Its Vice President Its Vice President
Date: May 30, 1997 Date: May 30, 1997
OXFORD LIFE INSURANCE COMPANY,
Trustee under that certain Irrevocable Trust,
dated December 20, 1982
(Edward J. Shoen, grantor)
By: /s/ Mark A. Haydukovich
-----------------------
MARK A. HAYDUKOVICH
Its Vice President
Date: May 30, 1997
<PAGE> 20
EXHIBIT INDEX
Exhibit Description Sequential Page No.
- ---------------------------------------------------------------------
1 Statement Pursuant to Rule 13d-1(f) ..................... 21
<PAGE> 21
EXHIBIT 1
---------
STATEMENT PURSUANT TO RULE 13d-1(f)
-----------------------------------
The undersigned parties hereto, Edward J. Shoen, Mark V.
Shoen, James P. Shoen, Paul F. Shoen, The AMERCO Employee Savings,
Profit Sharing and Employee Stock Ownership Trust, Oxford Life
Insurance Company, Trustee under an Irrevocable Trust established by
Edward J. Shoen, Oxford Life Insurance Company, Trustee under an
Irrevocable Trust established by Mark V. Shoen, Oxford Life Insurance
Company, Trustee under an Irrevocable Trust established by James P.
Shoen, Oxford Life Insurance Company, Trustee under an Irrevocable
Trust established by Paul F. Shoen, and Oxford Life Insurance
Company, Trustee under an Irrevocable Trust established by Sophia M.
Shoen, hereby consent and agree to file a joint statement on Schedule
13D under the Securities Exchange Act of 1934, as amended, on behalf
of each of them, with respect to shares of common stock or other
voting stock of AMERCO beneficially owned by them, together with any
or all amendments thereto, when and if appropriate. The parties
hereto further consent and agree to file this Statement pursuant to
Rule 13d-1(f) as an exhibit to such Schedule 13D, thereby
incorporating the same into such Schedule 13D.
THE AMERCO EMPLOYEE SAVINGS,
PROFIT SHARING AND EMPLOYEE
STOCK OWNERSHIP TRUST
/s/ Edward J. Shoen By: /s/ Lloyd T. Dyer
- -------------------- -------------------------
EDWARD J. SHOEN Lloyd T. Dyer
Date: May 30, 1997 Trustee
Date: May 12, 1997
/s/ Mark V. Shoen By: /s/ Arthur M. Smith, Jr.
- -------------------- -------------------------
MARK V. SHOEN Arthur M. Smith, Jr.
Date: May 30, 1997 Trustee
Date: May 12, 1997
/s/ James P. Shoen By: /s/ Thoedore J. Day
- -------------------- -------------------------
JAMES P. SHOEN Theodore J. Day
Date: May 30, 1997 Trustee
Date: May 12, 1997
/s/ Paul F. Shoen
- --------------------
PAUL F. SHOEN
Date: May 30, 1997
<PAGE> 22
OXFORD LIFE INSURANCE COMPANY, OXFORD LIFE INSURANCE COMPANY,
Trustee under that certain Trustee under
Irrevocable Trust, that certain Irrevocable Trust,
dated December 20, 1982 dated December 20, 1982
(Sophia M. Shoen, grantor) (James P. Shoen, grantor)
By: /s/ Mark A. Haydukovich By: /s/ Mark A. Haydukovich
----------------------- -----------------------
MARK A. HAYDUKOVICH MARK A. HAYDUKOVICH
Its Vice President Its Vice President
Date: May 30, 1997 Date: May 30, 1997
OXFORD LIFE INSURANCE COMPANY, OXFORD LIFE INSURANCE COMPANY,
Trustee under that certain Trustee under
Irrevocable Trust, that certain Irrevocable Trust,
dated December 20, 1982 dated December 20, 1982
(Mark V. Shoen, grantor) (Paul F. Shoen, grantor)
By: /s/ Mark A. Haydukovich By: /s/ Mark A. Haydukovich
----------------------- -----------------------
MARK A. HAYDUKOVICH MARK A. HAYDUKOVICH
Its Vice President Its Vice President
Date: May 30, 1997 Date: May 30, 1997
OXFORD LIFE INSURANCE COMPANY,
Trustee under that certain Irrevocable Trust,
dated December 20, 1982
(Edward J. Shoen, grantor)
By: /s/ Mark A. Haydukovich
-----------------------
MARK A. HAYDUKOVICH
Its Vice President
Date: May 30, 1997
