<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 14)
TRANSATLANTIC HOLDINGS, INC.
- -------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
- -------------------------------------------------------------------------------
(Title of Class of Securities)
893521 10 4
-----------------------------------------
(CUSIP Number)
KATHLEEN E. SHANNON
VICE PRESIDENT AND SECRETARY
AMERICAN INTERNATIONAL GROUP, INC.
70 PINE STREET, NEW YORK, NEW YORK 10270 (212) 770-5123
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
DECEMBER 10, 1999
-------------------------------------------------------
(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 / /.
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.
<PAGE> 2
SCHEDULE 13D
CUSIP No. 893521 10 4 PAGE 2 of 6 PAGES
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AMERICAN INTERNATIONAL GROUP, INC.
IRS NO. 13-2592361
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) / /
(B) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or (e)
/ /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
INCORPORATED IN THE STATE OF DELAWARE
7 SOLE VOTING POWER
NUMBER OF 8,868,168
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 20,611,620
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 8,868,168
10 SHARED DISPOSITIVE POWER
20,611,620
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,611,620
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
59.4
14 TYPE OF REPORTING PERSON
HC, CO
<PAGE> 3
SCHEDULE 13D
CUSIP No. 893521 10 4 PAGE 3 of 6 PAGES
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AMERICAN HOME ASSURANCE COMPANY
IRS ID# 13-5124990
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) / /
(B) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or (e)
/ /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
INCORPORATED IN THE STATE OF NEW YORK
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 11,743,452
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH
10 SHARED DISPOSITIVE POWER
11,743,452
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,743,452
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.8
14 TYPE OF REPORTING PERSON
IC, CO
<PAGE> 4
ITEM 1. Security and Issuer.
This Statement relates to the common stock, par value $1.00 per share
("Common Stock"), of Transatlantic Holdings, Inc., a Delaware corporation
("Company"). This Statement amends and supplements Items 1, 3 and 5 of the
Statement on Schedule 13D dated August 13, 1991, Amendment No. 1 to such
Schedule 13D dated November 3, 1993, Amendment No. 2 to such Schedule 13D dated
March 4, 1994, Amendment No. 3 to such Schedule 13D dated March 31, 1994,
Amendment No. 4 to such Schedule 13D dated November 21, 1995, Amendment No. 5 to
such Schedule 13D dated July 9, 1998, Amendment No. 6 to such Schedule 13D dated
August 7, 1998, Amendment No. 7 to such Schedule 13D dated September 11, 1998,
Amendment No. 8 to such Schedule 13D dated January 19, 1999, Amendment No. 9 to
such Schedule 13D dated March 4, 1999, Amendment No. 10 to such Schedule 13D
dated March 11, 1999, Amendment No. 11 to such Schedule 13D dated April 19,
1999, Amendment No. 12 to such Schedule 13D dated July 26, 1999 and Amendment
No. 13 to such Schedule 13D dated September 10, 1999 (hereinafter collectively
referred to as the "Schedule 13D"), previously filed by American International
Group, Inc., a Delaware corporation ("AIG"), on behalf of itself and its
wholly owned subsidiary, American Home Assurance Company, a New York
corporation ("AHAC"). The principal executive offices of the Company are located
at 80 Pine Street, New York, New York 10005.
Capitalized terms used herein and not otherwise defined shall have the
meaning ascribed to such terms as in the Schedule 13D.
ITEM 3. Source and Amount of Funds or Other Consideration.
During the period from September 13, 1999 through December 10, 1999,
AIG purchased 354,700 additional shares of Common Stock at prices ranging from
$69.1250 to $75.7500 per share. AIG used its available working capital to
purchase the shares of Common Stock.
ITEM 5. Interest in Securities of Issuer.
(a) and (b). The information required by these paragraphs is set forth
in Items 7 through 11 and 13 of each of the cover pages to this Amendment No. 14
to Schedule 13D and is based upon the number of shares of Common Stock
outstanding on September 30, 1999 (34,715,549), as reported in the Company's
Quarterly Report on Form 10-Q for the quarter ended September 30, 1999.
(c). Since the filing of Amendment No. 13 to Schedule 13D dated
September 10, 1999, AIG has acquired 354,700 shares of Common Stock as follows:
<TABLE>
<CAPTION>
Date Number of Shares Purchased Price Per Share
---- -------------------------- ---------------
<S> <C> <C>
09/13/99 2,400 72.6875
" 2,600 72.7500
09/15/99 1,000 71.4375
" 200 71.5000
" 8,800 71.9375
" 3,100 71.8750
09/16/99 3,400 71.8750
" 1,200 71.8125
" 2,800 71.7500
09/17/99 3,000 72.0000
" 200 71.9375
09/20/99 2,000 72.3125
" 6,800 72.3750
09/21/99 8,000 72.3750
" 2,000 72.3125
" 1,300 72.2500
09/22/99 12,300 72.3750
" 400 72.3125
09/23/99 1,800 72.3750
" 1,600 72.3125
09/24/99 5,000 71.4375
" 2,300 72.3125
" 1,700 72.2500
" 11,000 72.1875
09/27/99 3,300 71.6250
09/28/99 5,500 71.5625
" 100 71.5000
" 200 71.4375
" 1,400 71.3750
" 300 71.3125
" 4,000 71.2500
" 1,400 71.1875
" 900 71.1250
" 2,100 71.0625
" 2,000 70.9375
09/29/99 5,000 70.7500
" 4,000 70.5625
" 1,000 70.3750
09/30/99 8,400 70.5625
" 200 70.6250
</TABLE>
Page 4 of 6 Pages
<PAGE> 5
<TABLE>
<CAPTION>
Date Number of Shares Purchased Price Per Share
---- -------------------------- ---------------
<S> <C> <C>
10/01/99 5,000 70.2500
" 2,100 70.1250
" 1,000 70.0000
" 900 69.8750
" 1,000 69.7500
" 6,600 69.3750
" 400 69.3125
" 1,000 69.2500
" 1,000 69.1875
" 1,000 69.1250
10/04/99 400 69.3750
10/05/99 1,000 70.5000
" 800 70.5625
" 2,500 70.6250
" 10,700 70.7500
10/08/99 4,000 71.0000
10/11/99 2,600 71.0625
" 6,000 71.1250
10/12/99 10,000 71.0000
" 10,000 71.0625
10/13/99 15,000 71.0000
10/14/99 3,600 70.5625
" 1,400 70.6250
" 2,000 69.6875
" 300 69.8750
10/15/99 9,000 69.9375
" 700 69.8750
10/18/99 500 71.0625
" 500 71.1250
10/19/99 1,200 70.1250
10/20/99 2,600 71.0625
10/21/99 300 71.1250
" 900 71.1875
10/22/99 5,000 71.2500
" 1,400 71.3750
11/03/99 2,500 74.9375
11/10/99 3,000 74.8750
" 300 74.9375
11/11/99 3,300 74.9375
" 2,900 74.8750
11/12/99 20,000 74.8750
" 20,000 74.8125
11/19/99 6,000 74.9375
" 4,900 74.8750
" 4,100 74.8125
11/22/99 8,700 74.8750
" 1,300 74.8125
" 7,100 74.6875
" 2,900 74.6250
11/23/99 1,000 74.7500
" 2,000 74.6875
" 6,100 74.5625
" 7,600 74.5625
12/10/99 5,000 74.9375
" 5,000 74.8750
" 10,000 75.7500
</TABLE>
The above purchases were made in Open Market Purchases. AIG, AHAC, SICO and
Starr and, to the best of AIG's and AHAC's knowledge, the Covered Persons, have
not engaged in any transactions in Common Stock within the past 60 days other
than those transactions described above.
Page 5 of 6 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: December 10, 1999
AMERICAN INTERNATIONAL GROUP, INC.
By: /s/ KATHLEEN E. SHANNON
-------------------------------
Kathleen E. Shannon
Vice President and Secretary
AMERICAN HOME ASSURANCE COMPANY
By: /s/ EDWARD E. MATTHEWS
-------------------------------
Edward E. Matthews
Senior Vice President
Page 6 of 6 Pages
