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Filed Pursuant to Rule 424(b)(3)
File No.333-17849
13,904,756 Shares
UnumProvident Corporation
(formerly Provident Companies, Inc.)
Common Stock
Prospectus Supplement, dated September 17, 1999
to Prospectus dated March 27, 1997
On June 30, 1999, Provident Companies, Inc. merged with and into UNUM
Corporation under the name UnumProvident Corporation. The common stock of
UnumProvident Corporation is traded on the New York Stock Exchange under the
symbol "UNM."
In order to reflect changes in the ownership of the shares of common stock
of UnumProvident Corporation offered for sale pursuant to the prospectus, the
Selling Stockholders section of the prospectus is revised and supplemented as
follows:
SELLING STOCKHOLDERS
The following table lists the names of the selling stockholders and the
number of shares of common stock each is offering for sale:
<TABLE>
<CAPTION>
Name Number of Shares For Sale (1)(2)
---- --------------------------------
<S> <C>
Zurich Affiliates
Centre Reinsurance Limited................................................. 3,171,939
Zurich American Insurance Company.......................................... 667,775
Zurich Reinsurance (North American), Inc. ................................. 166,943
Empire Fire and Marine Insurance Company................................... 89,036
Universal Underwriters Insurance Company.................................. 178,073
Universal Underwriters Life Insurance Company.............................. 44,518
Fidelity and Deposit Company of Maryland................................... 133,554
Tiger Funds
The Jaguar Fund, N.V. ..................................................... 2,534,687
Tiger...................................................................... 1,233,428
Puma....................................................................... 359,733
Lion L.P. ................................................................. 48,980
Ocelot Partners L.P. ...................................................... 491,802
Ocelot (Cayman) Ltd. ...................................................... 149,368
Longfellow I, LLC............................................................ 4,634,920
TOTAL........................................................................ 13,904,756
</TABLE>
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(1) The number of shares currently owned by each of the selling stockholders
reflects adjustment for (a) a 2-for-1 stock split effected as a stock
dividend, paid on September 30, 1997 and (b) the conversion of each share
of common stock of Provident Companies,
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Inc. into .730 shares of common stock of UnumProvident Corporation pursuant
to the merger of UNUM Corporation and Provident Companies, Inc.
(2) The numbers of shares that each of the Tiger Funds holds are current as of
August 31, 1999, although exact amounts held by individual Tiger Funds may
vary from time to time in accordance with the relative investment capital
deployed by these funds.
The Tiger Funds acquired the shares pursuant to a stock purchase agreement
dated as of January 7, 1999, from Zurich Insurance Company, Zurich American
Insurance Company, Centre Reinsurance Company Limited, Zurich Reinsurance (North
America), Inc., Empire Fire and Marine Insurance Company, Universal Underwriters
Insurance Company, Universal Underwriters Life Insurance Company and Fidelity
Deposit Company of Maryland, who are collectively referred to herein as the
"sellers". In accordance with the stock purchase agreement, the sellers agreed
to assign or cause to be assigned to the Tiger Funds certain rights granted to
the sellers under a certain registration rights agreement, executed on November
27, 1996 and dated as of May 31, 1996, by and among the sellers and Provident
Companies, Inc.
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