<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 11)*
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)
July 7, 1997
- ---------------------------------------------------------------------
(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 18)
- ---------------
*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. 11 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, Amendment No. 8 filed with the Commission on
December 19, 1994, Amendment No. 9 filed with the Commission on
July 3, 1995, and Amendment No. 10 filed with the Commission on June
3, 1997. This Amendment No. 11 pursuant to Rule 13d-2 under the Act
amends and supplements the cover pages and statements under Items 2,
5, 6, and 7 of the Original Schedule 13D, as amended by Amendments
No. 1 through 10. Capitalized terms used in this Amendment No. 11
and not otherwise defined shall have the meaning ascribed to such
terms in the Original Schedule 13D, as amended.
This Amendment No. 11 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) and Oxford Life Insurance
Company, Trustee under that certain Irrevocable Trust dated
December 20, 1982 (Paul F. Shoen, grantor).
Cover Pages.
- -----------
On July 7, 1997, the parties to the Stockholder Agreement
executed Amendment No. 1 to the Amended and Restated Stockholder
Agreement to release Sophia M. Shoen and Oxford Life Insurance
Company, Trustee under that certain Irrevocable Trust, dated December
20, 1982 (Sophia M. Shoen, grantor), from the Stockholder Agreement.
As a result, Sophia M. Shoen's shares of Common Stock, including
those held in trust by Oxford Life Insurance Company and the shares
allocated to her ESOP Trust Account are no longer beneficially held
by the Group. Accordingly, the total number of shares of Common
Stock now held pursuant to the Stockholder Agreement is 14,246,411.
The cover pages are hereby amended in their entirety, to
reflect the foregoing.
<PAGE> 3
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 14,246,411
REPORTING -------------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
14,246,411
- ----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,246,411
- ----------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
63.0
- ----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- ----------------------------------------------------------------------------
<PAGE> 4
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 14,246,411
REPORTING -------------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
14,246,411
- ----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,246,411
- ----------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
63.0
- ----------------------------------------------------------------------------
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
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. SHARES VOTING POWER
BY
EACH 14,246,411
REPORTING -------------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
14,246,411
- ----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,246,411
- ----------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
63.0
- ----------------------------------------------------------------------------
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
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. SHARES VOTING POWER
BY
EACH 14,246,411
REPORTING -------------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
14,246,411
- ----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,246,411
- ----------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
63.0
- ----------------------------------------------------------------------------
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
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 14,246,411
REPORTING -------------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
14,246,411
- ----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,246,411
- ----------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
63.0
- ----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
00
- ----------------------------------------------------------------------------
<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 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 14,246,411
REPORTING -------------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
14,246,411
- ----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,246,411
- ----------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
63.0
- ----------------------------------------------------------------------------
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 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 14,246,411
REPORTING -------------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
14,246,411
- ----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,246,411
- ----------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
63.0
- ----------------------------------------------------------------------------
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
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 14,246,411
REPORTING -------------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
14,246,411
- ----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,246,411
- ----------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
63.0
- ----------------------------------------------------------------------------
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
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 14,246,411
REPORTING -------------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
14,246,411
- ----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,246,411
- ----------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
63.0
- ----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
EP
- ----------------------------------------------------------------------------
<PAGE> 12
Item 2.
The information in Item 2 is revised in its entirety to
read as follows:
This statement is being filed on behalf of a "group," as
such term is being used in Section 13(d)(3) of the Securities
Exchange Act of 1934, as amended (the "1934 Act"). The members of
the group are Edward J. Shoen; Mark V. Shoen; James P. Shoen; Paul F.
Shoen; 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 the ESOP Trust (collectively,
the "Stockholders" or the "Group"). Additional information about the
members of the Group is provided below.
Edward J. Shoen
Business Address: 2727 N. Central Avenue
Phoenix, Arizona 85004
Principal Occupations: Chairman of the Board and President of AMERCO
and U-Haul
Citizenship: USA
Mark V. Shoen
Business Address: 2727 N. Central Avenue
Phoenix, Arizona 85004
Principal Occupations: Director of U-Haul and President of U-Haul
Phoenix Operations
Citizenship: USA
James P. Shoen
Business Address: 1325 Airmotive Way, Suite 100
Reno, Nevada 89502
Principal Occupations: Vice President of AMERCO and Director of
AMERCO and U-Haul
Citizenship: USA
Paul F. Shoen
Business Address: P.O. Box 524
Glenbrook, Nevada 89413
Principal Occupations: Director of AMERCO and Chairman of the Board,
CEO, and President of Pantechnicon Aviation, Ltd.
Citizenship: USA
The AMERCO Employee Savings and Profit Sharing and Employee Stock
Ownership Trust
Address of Principal Office: 2727 N. Central Avenue
Phoenix, Arizona 85004
Principal Business: Employee Benefit Trust
<PAGE> 13
Oxford Life Insurance
Address of Principal Office: 2721 N. Central Avenue
Phoenix, Arizona 85004
Principal Business: Trustee under: (i) Irrevocable Trust dated
December 20, 1982 (Edward J. Shoen, grantor; (ii) Irrevocable Trust
dated December 20, 1982 (Mark V. Shoen, grantor), (iii) Irrevocable
Trust dated December 20, 1982 (James R. Shoen, grantor), and (iv)
Irrevocable Trust dated December 20, 1982 (Paul F. Shoen, grantor).
The address for AMERCO is 1325 Airmotive Way, Suite 100, Reno,
Nevada 89502 and the address for U-Haul International, Inc. is 2727
North Central Avenue, Phoenix, Arizona 85004.
During the last five years, none of the above persons (including
those persons that comprise the "ESOP Trustee") has either (i) been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors), or (ii) been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and as a
result of such proceeding been subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws, or finding
any violations with respect to such laws.
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, the ESOP Trust, and
- ---------------------------------------------------------------------
the ESOP Trustee, as a group
- ----------------------------
(i) Aggregate number of shares: 14,246,411
(ii) Percentage of class: 63.0(1)
(iii) Sole voting power:
(iv) Shared voting power: 14,246,411
(v) Sole dispositive power:
(vi) Shared dispositive power: 14,246,411
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)
- -----------------------------------------------------------
_______________________________
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> 14
(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
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
The ESOP Trust (without regard to the Stockholder Agreement)
- ------------------------------------------------------------
(i) Aggregate number of shares: 1,511,928 (2)(3)
(ii) Percentage of class: 6.7
_______________________________
2 These shares include shares allocated to the accounts of Edward
J. Shoen (3,093.59 shares), Mark V. Shoen (2,818.90 shares), James P.
Shoen (2,787.83 shares) and Paul F. Shoen (779.33 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 and Paul F. 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. The ESOP
Trustee may in its discretion waive the opinion requirement.
<PAGE> 15
The ESOP Trustee (without regard to the Stockholder Agreement)
- --------------------------------------------------------------
(i) Aggregate number of shares: 1,511,928 (2)(3)
(ii) Percentage of class: 6.7
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.
-----------------------------------------
The information set forth in Item 6 is supplemented to read
as follows:
On July 7, 1997, the parties to the Stockholder Agreement
executed Amendment No. 1 to the Amended and Restated Stockholder
Agreement to release Sophia M. Shoen and Oxford Life Insurance
Company, Trustee under that certain Irrevocable Trust, dated December
20, 1982 (Sophia M. Shoen, grantor), from the Stockholder Agreement.
As a result, Sophia M. Shoen's shares of Common Stock, including
those held in trust by Oxford Life Insurance Company and the shares
allocated to her ESOP Trust Account are no longer beneficially held
by the Group. Accordingly, the total number of shares of Common
Stock now held pursuant to the Stockholder Agreement is 14,246,411.
Item 7. Material to be Filed as Exhibits.
---------------------------------
Attached to this Amendment No. 11 as exhibits are (i) the
Statement Pursuant to Rule 13d-1(f), and (ii) Amendment No. 1 to the
Amended and Restated Stockholder Agreement.
<PAGE> 16
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this Amendment
No. 11 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: September 26, 1997 Trustee
Date: September 26, 1997
/S/ Mark V. Shoen By: /S/ Arthur M. Smith, Jr.
- ------------------------ -------------------------
MARK V. SHOEN Arthur M. Smith, Jr.
Date: September 26, 1997 Trustee
Date: September 26, 1997
/S/ James P. Shoen By: /S/ Theodore J. Day
- ------------------------ -------------------------
JAMES P. SHOEN Theodore J. Day
Date: September 26, 1997 Trustee
Date: September 26, 1997
/S/ Paul F. Shoen
- ------------------------
PAUL F. SHOEN
Date: September 26, 1997
<PAGE> 17
OXFORD LIFE INSURANCE COMPANY, OXFORD LIFE INSURANCE COMPANY,
Trustee under that certain Trustee under that certain
Irrevocable Trust, 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 President Its President
Date: September 26, 1997 Date: September 26, 1997
OXFORD LIFE INSURANCE COMPANY, OXFORD LIFE INSURANCE COMPANY,
Trustee under that certain Trustee under that certain
Irrevocable Trust, Irrevocable Trust,
dated December 20, 1982 dated December 20, 1982
(Paul F. Shoen, grantor) (Edward J. Shoen, grantor)
By: /S/ Mark A. Haydukovich By:/S/ Mark A. Haydukovich
------------------------- ------------------------
MARK A. HAYDUKOVICH MARK A. HAYDUKOVICH
Its President Its President
Date: September 26, 1997 Date: September 26, 1997
<PAGE> 18
EXHIBIT INDEX
-------------
Exhibit Description Sequential Page No.
- ---------------------------------------------------------------------
1 Statement Pursuant to Rule 13d-1(f)...................... 22
2 Amendment No. 1 to the Amended and Restated Stockholder
Agreement................................................ 24
<PAGE> 19
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 and Oxford Life Insurance Company, Trustee under an Irrevocable
Trust established by Paul F. 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: September 26, 1997 Trustee
Date: September 26, 1997
/S/ Mark V. Shoen By:/S/ Arthur M. Smith, Jr.
- ------------------------ --------------------------
MARK V. SHOEN Arthur M. Smith, Jr.
Date: September 26, 1997 Trustee
Date: September 26, 1997
/S/ James P. Shoen By:/S/ Theodore J. Day
- ------------------------ --------------------------
JAMES P. SHOEN Theodore J. Day
Date: September 26, 1997 Trustee
Date: September 26, 1997
/S/ Paul F. Shoen
- ------------------------
PAUL F. SHOEN
Date: September 26, 1997
<PAGE> 20
OXFORD LIFE INSURANCE COMPANY, OXFORD LIFE INSURANCE COMPANY,
Trustee under that certain Trustee under that certain
Irrevocable Trust, 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 President Its President
Date: September 26, 1997 Date: September 26, 1997
OXFORD LIFE INSURANCE COMPANY, OXFORD LIFE INSURANCE COMPANY,
Trustee under that certain Trustee under that certain
Irrevocable Trust, Irrevocable Trust,
dated December 20, 1982 dated December 20, 1982
(Paul F. Shoen, grantor) (Edward J. Shoen, grantor)
By: /S/ Mark A. Haydukovich By:/S/ Mark A. Haydukovich
------------------------ ------------------------
MARK A. HAYDUKOVICH MARK A. HAYDUKOVICH
Its President Its President
Date: September 26, 1997 Date: September 26, 1997
<PAGE> 21
EXHIBIT 2
---------
AMENDMENT NO. 1 TO THE AMENDED AND RESTATED
STOCKHOLDER AGREEMENT
THIS AMENDMENT NO. 1 TO THE AMENDED AND RESTATED STOCKHOLDER
AGREEMENT (the "Amendment") is entered into as of the 24th day of
April, 1997, among the parties to the Amended and Restated
Stockholder Agreement, dated as of May 1, 1992 (the "Agreement") the
same being attached hereto. Capitalized terms used in this Amendment
and not otherwise defined herein shall have the meanings ascribed to
such terms in the Agreement.
WITNESSETH:
- ----------
WHEREAS, the Stockholders believe that it is in the best
interest of the Company and the Stockholders that Sophia M. Shoen be
as independent as possible;
WHEREAS, the stockholders desire to release Sophia M. Shoen from
the Agreement;
WHEREAS, Section 19 of the Agreement permits the modification of
the Agreement by an instrument in writing signed by all the parties
to the Agreement.
NOW, THEREFORE, the parties to the Agreement, for and in
consideration of the mutual promises and covenants herein made, do
hereby agree to and with each other as follows:
1. Release of Certain Stockholders. Sophia M. Shoen and
-------------------------------
Oxford Life Insurance Company, trustee, under that certain
Irrevocable Trust dated December 20, 1982 (Sophia M. Shoen, Grantor)
shall be released from the Agreement, including but not limited to a
release of all restrictions on the sale, transfer, pledge or other
disposition of her stock.
2. Stockholders. As used in the Agreement, as amended,
------------
the term "Stockholders" shall refer to Edward J. Shoen, Mark V.
Shoen, James P. Shoen, Paul F. Shoen, 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),
the AMERCO Employee Savings and Profit Sharing and Employee Stock
Ownership Trust, and any additional stockholders of the Company who
become parties to the Agreement as provided in Section 6 of the
Agreement.
3. Revocation of Proxy. Any and all rights granted to
-------------------
James P. Shoen by the Released Stockholders under any proxy executed
pursuant to the Agreement are hereby revoked and the parties hereto
hereby consent to the revocation of all such rights granted by James
P. Shoen.
IN WITNESS WHEREOF, the parties hereto have set their hands as
of April 24, 1995.
/s/ Edward J. Shoen
-----------------------------------
Edward J. Shoen
/s/ Mark V. Shoen
-----------------------------------
Mark V. Shoen
<PAGE> 22
/s/ James P. Shoen
-----------------------------------
James P. Shoen
/s/ Paul F. Shoen
-----------------------------------
Paul F. Shoen
/s/ Sophia M. Shoen
-----------------------------------
Sophia M. Shoen
Oxford Life Insurance Company,
Trustee, under that certain
Irrevocable Trust, dated December 20,
1982 (Edward J. Shoen, Grantor)
By: /s/ Secretary
-------------------------------
Secretary
Oxford Life Insurance Company,
Trustee, under that certain
Irrevocable Trust, dated December 20,
1982 (Mark V. Shoen, Grantor)
By: /s/ Secretary
-----------------------------------
Secretary
Oxford Life Insurance Company,
Trustee, under that certain
Irrevocable Trust, dated December 20,
1982 (James P. Shoen, Grantor)
By: /s/ Secretary
-----------------------------------
Secretary
Oxford Life Insurance Company,
Trustee. under that certain
Irrevocable Trust, dated December 20,
1982 (Paul F. Shoen, Grantor)
By: /s/ Secretary
-----------------------------------
Oxford Life Insurance Company,
Trustee, under that certain
Irrevocable Trust, dated December 20,
1982 (Sophia M. Shoen, Grantor)
By: /s/ Secretary
-----------------------------------
<PAGE> 23
The AMERCO Employee Savings and
Profit Sharing and Employee Stock
Ownership Trust
By: /s/ Trustee
-----------------------------------
Trustee
By: /s/ Trustee
-----------------------------------
Trustee
By: /s/ Trustee
-----------------------------------
Trustee
