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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
Southwestern Life Holdings, Inc.
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(NAME OF ISSUER)
Common Stock ($.01 Par Value)
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(TITLE OF CLASS OF SECURITIES)
845606102
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(CUSIP NUMBER)
National Bancshares Corp of Texas and
NBT of Delaware, Inc. - 1209 Orange St. Rm. 123, Wilmington, DE 19801
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND
COMMUNICATIONS)
6/13/00
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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 Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with the statement / /. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
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 ("Act") or other wise 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).
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CUSIP No. Page 2 of 5
845606102
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
National Bancshares Corporation of Texas
74-1692337
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
N/A (a) /X/
(b) / /
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS*
WC - Working Capital
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
N/A
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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(7) SOLE VOTING POWER
N/A
NUMBER OF --------------------------------------------------
SHARES (8) SHARED VOTING POWER
BENEFICIALLY N/A
OWNED BY --------------------------------------------------
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON WITH N/A
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(10) SHARED DISPOSITIVE POWER
N/A
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
N/A
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(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
N/A / /
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
N/A
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(14) TYPE OF REPORTING PERSON*
HC - Holding Company
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*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER
PAGE, RESPONSES TO ITEMS 1 - 7 (INCLUDING EXHIBITS) OF THE SCHEDULE,
AND THE SIGNATURE ATTESTATION.
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CUSIP No. Page 3 of 5
845606102
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NBT of Delaware, Inc.
51-0372119
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
N/A (a) /x/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC - Working Capital
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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(7) SOLE VOTING POWER
N/A
NUMBER OF --------------------------------------------------
SHARES (8) SHARED VOTING POWER
BENEFICIALLY N/A
OWNED BY --------------------------------------------------
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON WITH N/A
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(10) SHARED DISPOSITIVE POWER
N/A
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
N/A
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
N/A
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14 TYPE OF REPORTING PERSON*
HC - Holding Company
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*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER
PAGE, RESPONSES TO ITEMS 1 - 7 (INCLUDING EXHIBITS) OF THE SCHEDULE,
AND THE SIGNATURE ATTESTATION.
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CUSIP No. Page 4 of 5
845606102
This amendment No. 2 amends and supplements the statements on Schedule
13D filed on November 24, 1999 and November 18, 1998, respectively, by and on
behalf of National Bancshares Corporation of Texas and NBT of Delaware, Inc.
with regard to the predecessor company (PennCorp Financial Group, Inc., CUSIP
No. 845606100)("PFG").
Item 5. Interest in Securities of the Issuer
e) On June 13, 2000 the Company ceased to be a holder of more than five
percent of the common stock and common stock equivalents of PFG and
therefore, the Company no longer is a required filer under section
13(d) of the Securities and Exchange Act of 1934.
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CUSIP No. Page 5 of 5
845606102
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: June 30, 2000
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Jay H. Lustig
President
NBT of Delaware, Inc.
