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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
AMENDMENT NO. 43
I.C.H. CORPORATION
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(Name of Issuer)
COMMON STOCK ($1.00 PAR VALUE)
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(Title of Class of Securities)
449264 10 0
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(CUSIP No.)
Gary R. Weitkamp
Hirn Reed & Harper
2000 Meidinger Tower
Louisville, Kentucky 40202
(502) 585-2450
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February 11, 1994
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(Date of Event which requires filing of this Statement)
If the filing person has previously filed a Statement on Schedule 13G to report
the acquisition which is the subject of this Statement and is filing this
Statement because of Rule 13d-1(b)(3) or (4), check the following box:
( )
Check the following box if a fee is being paid with this Statement:
( )
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CUSIP NO. 449264 10 0
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1. NAME OF REPORTING PERSON
ROBERT T. SHAW
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ( ) (b) ( )
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
PF, OO, AF, BK
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) ( )
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6. CITIZENSHIP OR PLACE OR ORGANIZATION
United States Citizen
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Number of 7. SOLE VOTING POWER
Shares 30,846
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Beneficially 8. SHARED VOTING POWER
Owned By 3,303,273
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Each 9. SOLE DISPOSITIVE POWER
Reporting 30,846
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Person 10. SHARED DISPOSITIVE POWER
With 3,303,273
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Robert T. Shaw beneficially owns 3,334,119 shares of common stock of
I.C.H. Corporation
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES
( )
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.73%
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14. TYPE OF REPORTING PERSON
IN
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CUSIP NO. 449264 10 0
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1. NAME OF REPORTING PERSON
C. FRED RICE
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ( ) (b) ( )
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
BK, OO, AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) ( )
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6. CITIZENSHIP OR PLACE OR ORGANIZATION
United States Citizen
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Number of 7. SOLE VOTING POWER
Shares None
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Beneficially 8. SHARED VOTING POWER
Owned By 3,303,273
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Each 9. SOLE DISPOSITIVE POWER
Reporting None
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Person 10. SHARED DISPOSITIVE POWER
With 3,303,273
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
C. Fred Rice beneficially owns 3,303,273 shares of common stock of I.C.H.
Corporation
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES
( )
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.67%
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14. TYPE OF REPORTING PERSON
IN
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CUSIP NO. 449264 10 0
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1. NAME OF REPORTING PERSON
CONSOLIDATED FIDELITY LIFE INSURANCE COMPANY
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
61-1206360
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ( ) (b) ( )
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
OO, WC, AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) ( )
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6. CITIZENSHIP OR PLACE OR ORGANIZATION
Kentucky
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Number of 7. SOLE VOTING POWER
Shares Not Applicable
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Beneficially 8. SHARED VOTING POWER
Owned By 2,334,119
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Each 9. SOLE DISPOSITIVE POWER
Reporting Not Applicable
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Person 10. SHARED DISPOSITIVE POWER
With 2,334,119
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Consolidated Fidelity Life Insurance Company beneficially owns 2,334,119
shares of common stock of I.C.H. Corporation
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES
( )
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.71%
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14. TYPE OF REPORTING PERSON
HC, CO
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CUSIP NO. 449264 10 0
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1. NAME OF REPORTING PERSON
CONSOLIDATED NATIONAL CORPORATION (formerly Consolidated National Successor
Corporation)
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
61-1067126
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ( ) (b) ( )
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
BK, OO, WC, AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) ( )
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6. CITIZENSHIP OR PLACE OR ORGANIZATION
Kentucky
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Number of 7. SOLE VOTING POWER
Shares Not Applicable
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Beneficially 8. SHARED VOTING POWER
Owned By 3,303,273
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Each 9. SOLE DISPOSITIVE POWER
Reporting Not Applicable
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Person 10. SHARED DISPOSITIVE POWER
With 3,303,273
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Consolidated National Corporation beneficially owns 3,303,273 shares of
common stock of I.C.H. Corporation
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES
( )
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.67%
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14. TYPE OF REPORTING PERSON
HC, CO
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This Amendment No. 43 amends Items 4, 5, and 6 of the
Schedule 13D filed by and on behalf of Consolidated National
Corporation ("CNC"), Robert T. Shaw ("Mr. Shaw"), C. Fred Rice
("Mr. Rice") and Consolidated Fidelity Life Insurance Company
("CFLIC").
ITEM 1. SECURITY AND ISSUER.
Not Amended.
ITEM 2. IDENTITY AND BACKGROUND.
Not Amended.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Not Amended.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is hereby amended to include at the end thereof the following:
See ITEM 5 for disclosure concerning the transactions in which (a) CNC
and CFLIC sold a total of 4,677,243 shares of Common Stock ($1.00 par value)
("Common Stock") of I.C.H. Corporation ("ICH") to Torchmark Corporation, a
Delaware corporation ("Torchmark"), (b) CNC and CFLIC sold 4,456,820 shares of
Common Stock to Stephens, Inc. an Arkansas corporation ("Stephens") and (c)CNC
sold 100,000 shares of Class B Common Stock ($1.00 par value) ("Class B Stock")
of ICH to ICH.
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended to include at the end thereof the following:
(a) CNC beneficially owns 3,303,273 shares of Common Stock (or 6.67%
of those deemed outstanding).
Mr. Shaw, by virtue of his ownership of 54.84% of the outstanding stock
of CNC and his active involvement in CNC's business, may be deemed to be the
beneficial owner of 3,334,119 shares of Common Stock (or 6.73% of those deemed
outstanding).
Mr. Rice, by virtue of his ownership of 35.02% of the outstanding stock
of CNC and his active involvement in CNC's business, may be deemed to be the
beneficial owner of 3,303,273 shares of Common Stock (or 6.67% of those deemed
outstanding).
CFLIC is the beneficial owner of 2,334,119 shares of Common Stock (or
4.71% of those deemed outstanding).
(b) The following table shows the number of shares of Common Stock
beneficially owned by each reporting person over which such reporting person
has sole or shared voting and/or dispositive power.
<TABLE>
<CAPTION>
Sole Shared
Reporting Sole Voting Shared Voting Dispositive Dispositive
Person Power Power Power Power
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<S> <C> <C> <S> <S>
CNC 3,303,273(1) 3,303,273(1)
CFLIC 2,334,119(2) 2,334,119(2)
Mr. Shaw 30,846 3,303,273(3) 30,846 3,303,273(3)
Mr. Rice 3,303,273(3) 3,303,273(3)
<FN>
Notes to table:
</TABLE>
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<TABLE>
<C> <S>
(1) Includes (a) 620,423 shares of Common Stock held of record by
CFLIC, a subsidiary of CNC, and (b) 1,713,696 shares of Common Stock issuable
upon conversion of the 541,563 shares of Series 1984-A Preferred Stock of ICH
("Series 1984-A Preferred Stock") held of record by CFLIC.
(2) Represents (a) 620,423 shares of Common Stock held of record by
CFLIC, and (b) 1,713,696 shares of Common Stock issuable upon conversion of
the 541,563 shares of Series 1984-A Preferred Stock held of record by CFLIC.
(3) Represents 3,303,273 shares of Common Stock beneficially owned by
CNC. See Note (1) for information about CNC's indirect beneficial ownership
of shares.
On February 11, 1994, in a series of related transactions:
(a) CNC sold 4,517,666 shares of Common Stock, and CFLIC sold
159,577 shares of Common Stock, to Torchmark at a price of $5.00 per share;
(b) CNC sold 4,236,820 shares of Common Stock, and CFLIC sold 220,000
shares of Common Stock, to Stephens at a price of $5.00 per share;
(c) ICH repurchased from CNC the 100,000 shares of Class B Stock
held by CNC at a price of $5.00 per share; and
(d) ICH and CNC terminated the Management and Consulting Agreement,
dated December 27, 1984, to which they were parties, and ICH entered into an
Independent Contractor and Services Agreement with each Mr. Shaw and Mr. Rice.
</TABLE>
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
Item 6 is hereby amended to include at the end thereof the following:
3
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The 8,626,272 shares of Common Stock which previously secured CFLIC's
$30,000,000 loan to CNC were released as collateral in connection with the
transactions described in ITEM 5.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
The following exhibits are attached hereto:
Exhibit No. Description
43-1 Amendment, dated February 11, 1994, to Stock Purchase
Agreement dated January 15, 1994 among ICH, CNC, CFLIC,
Mr. Shaw, Mr. Rice, ICH and Torchmark (incorporated by
reference to Exhibit 10 to ICH's Current Report on Form
8-K (File No. 1-7697) filed February 22, 1994).
4
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SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Date: February 22, 1994
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Robert T. Shaw, Individually
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C. Fred Rice, Individually
CONSOLIDATED NATIONAL CORPORATION
By:
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Robert T. Shaw, President
CONSOLIDATED FIDELITY LIFE
INSURANCE COMPANY
By:
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Jerry Wallace Rice, Vice President
