PC QUOTE INC
SC 13G, 1996-02-13
SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES
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                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                                 SCHEDULE 13G




                   Under the Securities Exchange Act of 1934

                             (Amendment No. __) *


                               P. C. QUOTE, INC.
                               (Name of Issuer)


                         COMMON STOCK, $.001 PAR VALUE
                        (Title of Class of Securities)


                                   693236200
                                (CUSIP Number)


Check the following box if a fee is being paid with this  statement X . (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 or less of such class.)
(See Rule 13d-7).

*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  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).

                                    Page 1
<PAGE>

CUSIP NO. 693236200                   13G             Page 2 of 10 Pages


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

            Physicians Insurance Company of Ohio


2.    CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (SEE INSTRUCTIONS)

                                                                  (a)  X

                                                                  (b)
3.    SEC USE ONLY



4.    CITIZENSHIP OR PLACE OF ORGANIZATION

            Ohio

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON:

5.    SOLE VOTING POWER
              2,096,400 shares

6.    SHARED VOTING POWER
               -0-

7.    SOLE DISPOSITIVE POWER
              2,096,400 shares

8.    SHARED DISPOSITIVE POWER
               -0-

9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
              2,096,400 shares

10.   CHECK BOX IF THE  AGGREGATE  AMOUNT IN ROW (9) EXCLUDES  CERTAIN  SHARES
      (SEE INSTRUCTIONS)
            Not Applicable

11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
              28.8%

12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
              IC
<PAGE>

CUSIP NO. 693236200                   13G             Page 3 of 10 Pages


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

            American Physicians Life Insurance Company


2.    CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (SEE INSTRUCTIONS)

                                                                  (a)  X

                                                                  (b)
3.    SEC USE ONLY



4.    CITIZENSHIP OR PLACE OF ORGANIZATION

            Ohio

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON:

5.    SOLE VOTING POWER
              96,400 shares

6.    SHARED VOTING POWER
               -0-

7.    SOLE DISPOSITIVE POWER
              96,400 shares

8.    SHARED DISPOSITIVE POWER
               -0-

9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
              96,400 shares

10.   CHECK BOX IF THE  AGGREGATE  AMOUNT IN ROW (9) EXCLUDES  CERTAIN  SHARES
      (SEE INSTRUCTIONS)
            Not Applicable

11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
              1.32%

12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
              IC
<PAGE>

CUSIP NO. 693236200                   13G             Page 4 of 10 Pages


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

            Physicians Investment Company


2.    CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (SEE INSTRUCTIONS)

                                                                  (a)  X

                                                                  (b)
3.    SEC USE ONLY



4.    CITIZENSHIP OR PLACE OF ORGANIZATION

            Ohio

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON:

5.    SOLE VOTING POWER
              96,400 shares

6.    SHARED VOTING POWER
               -0-

7.    SOLE DISPOSITIVE POWER
              96,400 shares

8.    SHARED DISPOSITIVE POWER
               -0-

9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
              96,400 shares

10.   CHECK BOX IF THE  AGGREGATE  AMOUNT IN ROW (9) EXCLUDES  CERTAIN  SHARES
      (SEE INSTRUCTIONS)
            Not Applicable

11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
              1.32%

12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
              HC
                                    Page 5
<PAGE>
ITEM 1(A).  NAME OF ISSUER.

            P. C. Quote, Inc.

ITEM 1(B).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.

            300 South Wacker Drive
            Chicago, Illinois 60606

ITEM 2(A).  NAME OF PERSON FILING.

      (i)     Physicians Insurance Company of Ohio ("Physicians")

      (ii)    American  Physicians Life Insurance  Company ("APL") which is an
              indirect wholly-owned subsidiary of Physicians.

              Physicians and APL are insurance companies as defined in Section
              3(a)(19) of the Securities Exchange Act of 1934 (the "Act").

      (iii)   Physicians  Investment  Company  ("PIC") which is a wholly-owned
              subsidiary of  Physicians  and the parent of APL. PIC was formed
              for the  purpose of holding  the shares of APL and  conducts  no
              other business.

ITEM 2(B).  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
            RESIDENCE OF PERSON FILING.

            Physicians, APL and PIC:
              13515 Yarmouth Drive, N.W.
              Pickerington, Ohio 43147

ITEM 2(C).  CITIZENSHIP OF PERSON FILING.

            Ohio for each of Physicians, APL and PIC

ITEM 2(D).  TITLE OF CLASS OF SECURITIES.

            Common Stock, $.001 par value

ITEM 2(E).  CUSIP NUMBER.

            693236200

ITEM  3.   IF THIS STATEMENT IS FILED PURSUANT TO RULES  13D-1(B),  OR 13D-2(B),
           CHECK WHETHER THE PERSON FILING IS A:

      (a)   [ ]   Broker or Dealer registered under Section 15 of the Act

      (b)   [ ]   Bank as defined in Section 3(a)(6) of the Act

      (c)   [X]   Insurance  Company as defined in Section 3(a)(19) of the Act
                  -- for each of Physicians and APL

      (d)   [ ]   Investment   Company  registered  under  Section  8  of  the
                  Investment Company Act

      (e)   [ ]   Investment  Adviser  registered  under  Section 203  of  the
                  Investment Advisers Act of 1940

      (f)         [ ] Employee Benefit Plan,  Pension Fund which is subject to
                  the provisions of the Employee  Retirement  Income  Security
                  Act   of   1974   or    Endowment    Fund;    see    Section
                  240.13d-1(b)(l)(ii)(F)

      (g)   [X]   Parent    Holding     Company,     in    accordance     with
                  Section 240.13d-1(b)(ii)(G) -- for PIC

      (h)   [X]   Group,  in accordance  with  Section 240.13d-1(b)(1)(ii)(H)
                  -- for Physicians, APL and PIC together

ITEM 4.  OWNERSHIP.

      (a)   Amount Beneficially Owned:

            Physicians:       2,096,400 shares (1)
            APL:                 96,400 shares
            PIC:                 96,400 shares (1)
            ----------------

            (1)   Includes  96,400 shares owned of record and  beneficially by
                  APL.

      (b)   Percent of Class:

            Physicians:       27.53%
            APL:               1.32%
            PIC:               1.32%

      (c)   Number of shares as to which such person filing has:

            (i)   Sole power to vote or to direct the vote:

                  Physicians:       2,096,400 shares (1)
                  APL:                 96,400 shares
                  PIC:                 96,400 shares (1)
                  ----------------

                        (1)   Includes  96,400  shares  owned  of  record  and
                        beneficially by APL.

            (ii)  Shared power to vote or to direct the vote:

                  Physicians:       0 shares
                  APL:              0 shares
                  PIC:              0 shares



<PAGE>


            (iii) Sole power to dispose or to direct the disposition of:

                  Physicians:       2,096,400 shares (1)
                  APL:                 96,400 shares
                  PIC:                 96,400 shares (1)
                  ----------------

                        (1)   Includes  96,400  shares  owned  of  record  and
                              beneficially by APL.

            (iv)  Shared power to dispose or to direct the disposition of:

                  Physicians:       0 shares
                  APL:              0 shares
                  PIC:              0 shares

ITEM 5.  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

            If this statement is being filed to report the fact that as of the
            date hereof the reporting  person has ceased to be the  beneficial
            owner or more than five percent of the class of securities,  check
            the following: [ ].

ITEM 6.  OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

            APL has the right to  receive  dividends  from,  and the  proceeds
            from the sale of, the 96,400 shares of P. C. Quote,  Inc. reported
            herein  as  owned  of   record   and   beneficially   by  APL  and
            beneficially by each of Physicians and PIC.

ITEM 7.  IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED 
         THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

            See Item 2(a) above.

ITEM 8.  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

            Please see Exhibit 1.

ITEM 9.  NOTICE OF DISSOLUTION OF GROUP.

            Not Applicable.

<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 purpose 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:  As of December 31, 1995        PHYSICIANS INSURANCE COMPANY OF OHIO

                                       By:  /S/  JAMES F. MOSIER
                                           James F. Mosier, General Counsel
                                           and Secretary


Dated:  As of December 31, 1995        AMERICAN PHYSICIANS LIFE INSURANCE
                                       COMPANY

                                       By:  /S/  JAMES F. MOSIER
                                          James F. Mosier, General Counsel
                                          and Secretary


Dated:  As of December 31, 1995        PHYSICIANS INVESTMENT COMPANY

                                       By:  /S/  JAMES F. MOSIER
                                          James F. Mosier, Secretary

<PAGE>

                                                                     EXHIBIT 1



                               MEMBERS OF GROUP


NAME OF CORPORATION                                   CLASSIFICATION
- ------------------------------------------------------------------------------
Physicians Insurance Company of Ohio                  Insurance Company

American Physicians Life Insurance Company            Insurance Company

Physicians Investment Company                         Parent Holding Company



For a copy of the Joint Filing Agreement, please see Exhibit 2.
<PAGE>
                                                                     EXHIBIT 2

                            JOINT FILING AGREEMENT

     In accordance with Rule 13d-1(f)(1) under the Securities  Exchange Act of
1934,  the persons  named below  hereby agree to the joint filing on behalf of
each of them of a statement on Schedule 13G (including any amendments thereto)
with respect to the shares of Common Stock of P. C. Quote,  Inc.  beneficially
owned by each of them and further  agree that this Joint  Filing  Agreement be
included as an exhibit to such joint filings.

     IN WITNESS  WHEREOF,  the  undersigned  hereby  execute this Joint Filing
Agreement as of the 12th day of February, 1996.


                                    PHYSICIANS INSURANCE COMPANY OF OHIO



                                    By:  /S/  JAMES F. MOSIER
                                       James F. Mosier, General Counsel
                                       and Secretary

                                    AMERICAN PHYSICIANS LIFE INSURANCE
                                    COMPANY

                                    By:  /S/  JAMES F. MOSIER
                                       James F. Mosier, General Counsel
                                       and Secretary


                                    PHYSICIANS INVESTMENT COMPANY

                                    By:  /S/  JAMES F. MOSIER
                                       James F. Mosier, Secretary



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