NORWEST CORP
SC 13G/A, 1994-04-11
NATIONAL COMMERCIAL BANKS
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<PAGE>
 
    
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                  SCHEDULE 13G

                   UNDER THE SECURITIES EXCHANGE ACT OF 1934

                              (Amendment No. 12)
                                        
                             The Pittston Company
                                  -----------
                                (Name of Issuer)

                     Pittston Services Group Common Stock
                                 ------------
                         (Title of Class of Securities)

                                  725701 10 6
                                   -----------
                                 (CUSIP Number)



  Check the following if a fee is being paid with this statement [_]. (A fee is
  not required only if the filing 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 of such class.)  (See
  Rule 13d-7.)

  The information required in 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).




                                       1




<PAGE>
 
CUSIP NO.  725701 10 6    13G 


1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          Norwest Corporation
          Tax Identification No.  41-0449260
 
 
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP*        (A)   ______
                                                              (B)   ______
 
- --------------------------------------------------------------------------------
3   SEC USE ONLY
 
 
- --------------------------------------------------------------------------------
 
4   CITIZENSHIP OR PLACE OF ORGANIZATION
 
            Delaware
- --------------------------------------------------------------------------------
  NUMBER OF     5   SOLE VOTING POWER
 
   SHARES                
                          870,160
BENEFICIALLY        -----------------------------------------------------------
                    SHARED VOTING POWER
  OWNED BY      6
                          21,925
    EACH            -----------------------------------------------------------
                7   SOLE DISPOSITIVE POWER
 REPORTING                         
                          927,160
   PERSON       8   -----------------------------------------------------------
                    SHARED DISPOSITIVE POWER
    WITH                           
                          1,825
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
            
            948,085
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_]

- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
            Less than 5%   
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*
 
            HC
- --------------------------------------------------------------------------------

                                       2




<PAGE>
 
CUSIP NO.  725701 10 6                      13G 

- --------------------------------------------------------------------------------
1   NAME OR REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

              Norwest Colorado, Inc.
              Tax Identification No.  84-1187164
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP*          (A)   ______
                                                                (B)   ______
 
- --------------------------------------------------------------------------------
3   SEC USE ONLY
 
 
- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION
 
              COLORADO
- --------------------------------------------------------------------------------
  NUMBER OF    5   SOLE VOTING POWER
 
   SHARES                 868,513
                   ------------------------------------------------------------
BENEFICIALLY       SHARED VOTING POWER
               6
  OWNED BY                21,925
                   ------------------------------------------------------------
    EACH       7   SOLE DISPOSITIVE POWER
               
  REPORTING               925,513
                   ------------------------------------------------------------
   PERSON      8   SHARED DISPOSITIVE POWER
               
    WITH                  1,825
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
          946,438
 
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES[_]
 
 
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
          Less than 5%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*
 
          HC
- --------------------------------------------------------------------------------

                                       3



<PAGE>
 
CUSIP NO.  725701 10 6                          13G

- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

              Norwest Bank Colorado, National Association
              Tax Identification No. 84-0187632
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP*         (A)   ______
                                                               (B)   ______
 
 
- --------------------------------------------------------------------------------
    SEC USE ONLY
 
 
- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION
 
              United States of America
- --------------------------------------------------------------------------------
  NUMBER OF    5   SOLE VOTING POWER
 
   SHARES                868,513
                   ------------------------------------------------------------
BENEFICIALLY   6   SHARED VOTING POWER
               
  OWNED BY               19,100
               7   ------------------------------------------------------------
    EACH           SOLE DISPOSITIVE POWER
                                 
 REPORTING               924,513
               8   ------------------------------------------------------------
   PERSON          SHARED DISPOSITIVE POWER
                            
    WITH                 0
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
          943,613
 
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES[_]
 

 
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
          Less than 5%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*
 
          BK
- --------------------------------------------------------------------------------

                                       4




<PAGE>
 


                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                  SCHEDULE 13G
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                              (Amendment No. 12)


Item 1(a)          Name of Issuer:
- ---------          --------------

                   The Pittson Company

Item 1(b)          Address of Issuer's Principal Executive Offices:
- ---------          ----------------------------------------------- 

                   100 First Stamford Place
                   Stamford, CT 06912-0070

Item 2(a)          Name of Person Filing:
- ---------          --------------------- 

                   1.  Norwest Corporation

                   2.  Norwest Colorado, Inc. ("NCI")

                   3.  Norwest Bank Colorado, National Association ("NBC")

                   This statement is filed by Norwest Corporation on behalf of
                   all of the persons listed above pursuant to Rule 13d-1(b). 
                   Attached is an agreement among the persons listed above to
                   that effect.  NCI is a direct subsidiary of Norwest
                   Corporation.  NBC is a direct subsidiary of NCI and an
                   indirect subsidiary of Norwest Corporation.

                                       5




<PAGE>
 

Item 2(b)     Address of Principal Business Office(s):
- ---------     --------------------------------------- 

              1.  Norwest Corporation
                  Norwest Center
                  Sixth and Marquette
                  Minneapolis, MN  55479-1000

              2.  Norwest Colorado, Incorporated
                  One United Bank Center
                  1700 Lincoln Street
                  Denver, CO  80274-0010

              3.  Norwest Bank Colorado, National Association
                  1700 Broadway
                  Denver, CO  80274-0005

Item 2(c)     Citizenship:
- ---------     ----------- 

              1.  Norwest Corporation is a Delaware corporation.
              2.  NCI is a Colorado corporation.
              3.  NBC is a national banking association.

Item 2(d)     Title of Class of Securities:
- ---------     ---------------------------- 

              Pittston Services Group Common Stock

Item 2(e)     CUSIP Number:
- ---------     ------------ 

              725701 10 6

Item 3        Type of Person:
- ------        -------------- 

              (g)  Parent holding company for Norwest Corporation
              (g)  Parent holding company for NCI
              (b)  Bank for NBC
          
Item 4        Ownership:
- ------        --------- 

              1.  Norwest Corporation

              (a)  Amount Beneficially Owned. At March 31, 1994, Norwest
              Corporation indirectly owned less than 5% of the common stock,
              and had no rights to acquire additional shares through the 
              exercise of options or otherwise.

                                       6





<PAGE>
 
          2.  NCI

          (a)  Amount Beneficially Owned.  At March 31, 1994, NCI 
          indirectly owned less than 5% of the common stock, and had no rights 
          to acquire additional shares through the exercise of options or 
          otherwise.

          3.  NBD

          (a)  Amount Beneficially Owned. At March 31, 1994, NBD owned less than
          5% of the common stock, and had no rights to acquire additional shares
          through the exercise of options or otherwise.

Item 5    Ownership of Five Percent or Less of Class:
- ------    ------------------------------------------

          If this statement is being filed to report the fact that as of the
          date hereof the reporting persons have ceased to be the beneficial
          owners of more than five percent of the class of securities, check the
          following [X].

Item 6    Ownership of More than Five Percent on Behalf of Another Person:
- ------    ---------------------------------------------------------------

          Not Applicable

Item 7    Identification and Classification of the Subsidiary Which Acquired the
- ------    ----------------------------------------------------------------------
          Security Being Reported on by the Parent Holding Company:
          --------------------------------------------------------

          Not Applicable
   
Item 8    Identification and Classification of Members of the Group:
- ------    ---------------------------------------------------------

          Not Applicable

Item 9    Notice of Dissolution of Group:
- ------    ------------------------------

          Not Applicable


                                       7

<PAGE>
 
Item 10   Certification:
- -------   ------------- 

          By signing below, I certify that, to the best of my knowledge and
          belief, the securities referred to above were acquired in the ordinary
          course of business and were not acquired for the purpose of and do not
          have the effect of changing or influencing the control of the issuer
          of such securities and were not acquired in connection with or as a
          participant in any transaction having such purposes or effect.

          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:  April 11, 1994

NORWEST CORPORATION

By  /s/ Laurel A. Holschuh
    ----------------------
        Laurel A. Holschuh, Senior Vice President
          and Secretary

                                       8






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