<PAGE> 1
United States
Securities and Exchange Commission
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
American Shared Hospital Service
(Name of Issuer)
Common Stock
(Title of Class of Securities)
02959510
(CUSIP Number)
Christine A. Nixon, Esq.
1 SunAmerica Center
Los Angeles, CA 90067-6022
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 23, 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 his 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 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.
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 (the "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).
<PAGE> 2
Page 2 of 7 pages
SCHEDULE 13D
CUSIP NO. 029595105
1. NAME OF PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SunAmerica Life Insurance Company (formerly known as Sun Life
Insurance Company of America)
52-0502540
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OR LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or (a) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona
- --------------------------------------------------------------------------------
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE VOTING POWER
246,873 shares of Common Stock (includes 57,814 shares issuable upon the
conversion of warrants)
- --------------------------------------------------------------------------------
8. SHARED VOTING POWER
- --------------------------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
246,873 shares of Common Stock (includes 57,814 shares issuable upon the
conversion of warrants)
- --------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
246,873 shares of Common Stock (includes 57,814 shares issuable upon the
conversion of warrants)
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.00%
- --------------------------------------------------------------------------------
14. TYPE OF PERSON
IC
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
Page 3 of 7 pages
SCHEDULE 13D
CUSIP NO. 029595105
1. NAME OF PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Anchor National Life Insurance Company
86-0198983
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OR LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or (a) [ ]
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona
- -------------------------------------------------------------------------------
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE VOTING POWER
94,419 shares of Common Stock (includes 84,766 shares issuable upon the
conversion of warrants)
- -------------------------------------------------------------------------------
8. SHARED VOTING POWER
- -------------------------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
94,419 shares of Common Stock (includes 84,766 shares issuable upon the
conversion of warrants)
- -------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
94,419 shares of Common Stock (includes 84,766 shares issuable upon the
conversion of warrants)
- -------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
- -------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.91%
- -------------------------------------------------------------------------------
14. TYPE OF PERSON
IC
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
Page 4 of 7 pages
SCHEDULE 13D
CUSIP NO. 029595105
1. NAME OF PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SunAmerica Inc.
86-0176061
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OR LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or (a) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
- --------------------------------------------------------------------------------
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE VOTING POWER
124,666 shares of Common Stock (includes 26,684 shares issuable upon the
conversion of warrants)
- --------------------------------------------------------------------------------
8. SHARED VOTING POWER
- --------------------------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
124,666 shares of Common Stock (includes 26,684 shares issuable upon the
conversion of warrants)
- --------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
124,666 shares of Common Stock (includes 26,684 shares issuable upon the
conversion of warrants)
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.52%
- --------------------------------------------------------------------------------
14. TYPE OF PERSON
HC
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
Page 5 of 7 pages
STATEMENT PURSUANT TO RULE 13d-1
OF THE GENERAL RULES AND REGULATIONS
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
SunAmerica Life Insurance Company (formerly known as Sun Life Insurance
Company of America) ("SunAmerica Life"), Anchor National Life Insurance Company
("Anchor") and SunAmerica Inc. ("SunAmerica") (SunAmerica Life, Anchor and
SunAmerica shall sometimes be collectively referred to herein as the "Reporting
Persons") by this Amendment No.3 hereby supplement and amend the Statement to
Schedule 13D dated May 17, 1995, as amended by Amendment No. 1 dated November
22, 1995, as amended by Amendment No. 2 dated March 11, 1996 (as so amended to
date, the "Schedule 13D").
Item 4. Purpose of Transaction
The securities to which this statement relates were acquired and
are held for investment purposes. This Amendment relates to dispositions of
shares of common stock of Issuer at various times, which sales of shares are
described under Item 5(c) of this Amendment.
Item 5. Interest in the Securities of the Issuer
The information set forth below amends Items 5(a) and 5(c) as
reported under Schedule 13D, Amendment No. 2, filed on March 11, 1996:
(a) SunAmerica beneficially owns 124,666 shares of the Common
Stock (including 26,684 Warrants) or 2.52% of the Common Stock outstanding.
SunAmerica Life beneficially owns 246,873 shares of Common Stock (including
57,814 Warrants) or 5.00% of the Common Stock outstanding. Anchor beneficially
owns 94,419 shares of Common Stock (including 84,766 Warrants) or 1.91% of the
Common Stock outstanding. The Reporting Persons beneficially own, in the
aggregate, 465,958 shares of the Common Stock (including 169,264 Warrants) or
9.43% of the Common Stock outstanding. The separate and aggregate percentages of
beneficial ownership of the Reporting Persons were based on 4,769,384
outstanding shares of Common Stock as of April 30, 1998 (which excludes
immediately exercisable Warrants giving the Reporting Persons the right to
acquire, in aggregate, up to an additional 169,264 Common Stock).
(b) The number of shares of the Common Stock as to which there is sole
power to vote or to direct the vote, shared power to vote or to direct the vote,
sole power to dispose or direct the disposition, or share power to dispose or
direct the disposition for the Reporting Persons is set forth in the cover pages
and such information is incorporated herein by this reference.
<PAGE> 6
Page 6 of 7 pages
Item 5(c) of Schedule 13D, Amendment No. 2 is hereby amended
and restated in its entirety as follows:
5(c) The following sales of Common Stock were completed by SunAmerica,
SunAmerica Life and Anchor on the dates listed below:
<TABLE>
<CAPTION>
======================================================================================
1) IDENTITY OF PERSON (2) DATE OF (3) AMOUNT OF (4) PRICE OR (5) MANNER
COVERED BY ITEM 5(C) TRANSACTION SECURITIES UNIT PER SHARE OF SALE
WHO EFFECTED THE TRANSACTION INVOLVED
======================================================================================
<S> <C> <C> <C> <C>
Anchor 8-26-96 2,000 1.440 Broker-Dealer
Anchor 9-04-96 2,900 1.461 Broker-Dealer
Anchor 9-18-96 200 1.480 Broker-Dealer
Anchor 9-20-96 1,300 1.480 Broker-Dealer
Anchor 9-23-96 1,000 1.480 Broker-Dealer
Anchor 10-91-96 4,600 1.480 Broker-Dealer
Anchor 10-07-96 1,000 1.480 Broker-Dealer
Anchor 10-10-96 1,800 1.480 Broker-Dealer
Anchor 10-11-96 3,100 1.480 Broker-Dealer
Anchor 10-14-96 1,400 1.480 Broker-Dealer
Anchor 11-04-96 300 1.480 Broker-Dealer
Anchor 11-06-96 4,200 1.480 Broker-Dealer
Anchor 11-14-96 3,200 1.480 Broker-Dealer
Anchor 11-27-96 1,000 1.480 Broker-Dealer
Anchor 12-06-96 22,000 1.480 Broker-Dealer
Anchor 12-12-96 44,000 1.925 Broker-Dealer
Anchor 12-27-96 300 1.917 Broker-Dealer
Anchor 12-30-96 5,300 1.917 Broker-Dealer
Anchor 9-04-97 15,000 1.782 Broker-Dealer
Anchor 9-05-97 10,000 1.783 Broker-Dealer
Anchor 10-05-97 10,000 1.782 Broker-Dealer
Anchor 10-28-97 52,000 1.785 Broker-Dealer
Anchor 10-29-97 5,800 1.845 Broker-Dealer
Anchor 10-31-97 5,000 1.782 Broker-Dealer
Anchor 11-03-97 20,000 1.780 Broker-Dealer
Anchor 11-10-97 24,700 1.905 Broker-Dealer
Anchor 11-12-97 4,500 1.845 Broker-Dealer
Anchor 12-29-97 10,991 1.750 Broker-Dealer
Anchor 12-29-97 9,009 1.750 Broker-Dealer
Anchor 3-12-98 20,800 1.970 Broker-Dealer
Anchor 3-23-98 2,200 1.625 Broker-Dealer
Anchor 3-24-98 23,200 1.625 Broker-Dealer
Anchor 3-25-98 3,200 1.625 Broker-Dealer
Anchor 3-25-98 6,400 1.595 Broker-Dealer
SunAmerica Life 4-13-98 2,100 1.782 Broker-Dealer
SunAmerica Life 4-14-98 1,000 1.845 Broker-Dealer
SunAmerica Life 4-15-98 2,500 1.812 Broker-Dealer
SunAmerica 4-17-98 3,400 1.782 Broker-Dealer
SunAmerica Life 5-07-98 2,200 1.750 Broker-Dealer
SunAmerica Life 5-11-98 10,000 1.750 Broker-Dealer
SunAmerica Life 5-14-98 3,000 1.750 Broker-Dealer
SunAmerica Life 5-28-98 9,800 1.375 Broker-Dealer
</TABLE>
(d) The Reporting Persons have the sole right to receive dividends from,
or the proceeds from the sale of, the securities reported hereon.
<PAGE> 7
(e) Not applicable.
Page 7 of 7 pages
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 and the parties listed below have entered a Joint Filing Agreement
pursuant to Rule 13d-1(f)(1).
Dated: June 23, 1998
SUNAMERICA LIFE INSURANCE COMPANY
/s/ JAY S. WINTROB
==============================================
Jay S. Wintrob
Executive Vice President
SUNAMERICA INC.
/s/ JAY S. WINTROB
==============================================
Jay S. Wintrob
Vice Chairman
ANCHOR NATIONAL LIFE INSURANCE COMPANY
/s/ JAY S. WINTROB
==============================================
Jay S. Wintrob
Executive Vice President
