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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of l934
(Amendment No. 2 )*
Warner Insurance Services, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
934467 10 1
(CUSIP Number)
Kathryn Pietrowiak, Esq., CIGNA Corporation, S-215
900 Cottage Grove Road, Hartford, CT 06152-2215
(203) 726-8908
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
April 30, 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 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 this 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 less than five percent 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 the
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 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).
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SCHEDULE 13D
CUSIP NO. 934467 10 1 PAGE 2 OF 5 PAGES
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1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
CIGNA Corporation
06-1059331
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
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3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds (See Instructions)
OO
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5) Check Box if Disclosure of Legal Proceedings is Required ( )
Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6) Citizenship or Place of Organization
Delaware
(7) Sole Voting Power 0
Number of ------------------------------------------------------------
Shares
Beneficially (8) Shared Voting Power 1,828,898
Owned ------------------------------------------------------------
by Each
Reporting (9) Sole Dispositive Power 0
Person ------------------------------------------------------------
With
(10) Shared Dispositive Power 1,828,898
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,828,898
- --------------------------------------------------------------------------------
12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
( )
- --------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11)
10.7%
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14) Type of Reporting Person (See Instructions)
HC
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SCHEDULE 13D
CUSIP NO. 934467 10 1 PAGE 3 OF 5 PAGES
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- --------------------------------------------------------------------------------
1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Atlantic Employers Insurance Company
23-2173820
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds (See Instructions)
OO
- --------------------------------------------------------------------------------
5) Check Box if Disclosure of Legal Proceedings is Required ( )
Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6) Citizenship or Place of Organization
New Jersey
(7) Sole Voting Power 0
Number of ------------------------------------------------------------
Shares
Beneficially (8) Shared Voting Power 1,828,898
Owned ------------------------------------------------------------
by Each
Reporting (9) Sole Dispositive Power 0
Person ------------------------------------------------------------
With
(10) Shared Dispositive Power 1,828,898
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,828,898
- --------------------------------------------------------------------------------
12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
( )
- --------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11)
10.7%
- --------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions)
IC
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CUSIP No. 934467 10 1 13D Page 4 of 5 Pages
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This Amendment No. 2 to the Schedule 13D dated March 11, 1996, as amended by
Amendment No. 1 dated April 16, 1996, hereby amends Item 5 of such Schedule 13D.
Unless otherwise indicated, all capitalized terms used but not defined herein
shall have the meaning set forth in such Schedule 13D.
Item 5 Interest in Securities of the Issuer
Subsections (a), (b) and (c) of Item 5 are hereby amended and restated in their
entirety as follows:
(a) As of the date hereof, Atlantic is deemed to beneficially
own 1,828,898 Shares (including 590,625 Warrant Shares). As of
the date hereof, there are 16,538,287 Shares outstanding according
to information provided by the Issuer. Thus, Atlantic is deemed
to beneficially own 10.7% of the outstanding Shares (including as
outstanding for this purpose the 590,625 Warrant Shares).
As of the date hereof, CIGNA, solely by reason of its
capacity as the ultimate corporate parent of Atlantic, is deemed
to beneficially own 1,828,898 Shares (including 590,625 Warrant
Shares). As of the date hereof, there are 16,538,287 Shares
outstanding according to information provided by the Issuer. Thus,
CIGNA, solely by reason of its capacity as the ultimate corporate
parent of Atlantic, is deemed to beneficially own 10.7% of the
outstanding Shares (including as outstanding for this purpose the
590,625 Warrant Shares). This ownership interest is the same as,
and not in addition to, the ownership interest of Atlantic
described above.
(b) Atlantic has the power to vote or to direct the vote of,
dispose or direct the disposition of, all of the Shares it
beneficially owns (including the Warrant Shares owned by it).
CIGNA, through its indirect ownership of Atlantic, may be
deemed to have shared power to vote or to direct the vote of,
and dispose or direct the disposition of, all of the Shares
beneficially owned by Atlantic (including the Warrant Shares
owned by it).
(c) On April 22, 1996, Atlantic received notice from
Software Investments Limited ("SIL") of its exercise of the
option, described in Item 4 of this Schedule 13D, to purchase
50% of the Settlement Shares and 50% of the Warrant. At the
closing of that transaction on April 30, 1996, SIL purchased
directly from Atlantic 1,238,274 Shares at a purchase price
of $3.00 per Share and a portion of the Warrant, representing
the right to acquire 590,625 Warrant Shares, at a purchase
price of $1.00 per Warrant Share.
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CUSIP No. 934467 10 1 13D Page 5 of 5 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information with respect to me set forth in this
statement is true, complete and correct.
Dated: May 6, 1996
ATLANTIC EMPLOYERS INSURANCE COMPANY
By: /s/ George D. Mulligan
---------------------------------
Name: George D. Mulligan
Title: Corporate Secretary
CIGNA CORPORATION
By: /s/ Kathryn Pietrowiak
---------------------------------
Name: Kathryn Pietrowiak
Title: Asst. Corporate Secretary
