UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 13)*.
Provident Life & Accident Insurance Co.
Class B
74388930
Check the following box 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
give 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).
CUSIP NO. 74388930 13G
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SunTrust Banks, Inc. as Parent Holding Company for: SunTrust Banks of
Florida, Inc. as Parent Holding Company; SunTrust Banks of Tennessee,
Inc. as Parent Holding Company; SunTrust Banks of Georgia, Inc. as
Parent Holding Company for SunTrust Bank, Atlanta as Parent Company
of Trusco Capital Management, Inc., and in various fiduciary
capacities. 58-1575035
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) _______
(B) _______
- ------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Georgia
- ----------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 416,286
--------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 28,645
--------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 169,861
--------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 5,546,167
- ----------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,801,788
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.8%
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12. TYPE OF REPORTING PERSON*
HC, BK and IA
CUSIP NO. 74388930 13G
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SunTrust Banks of Tennessee, Inc. as Parent Holding Company for
SunTrust Bank, Chattanooga, N.A. and in Various Fiduciary Capacities
62-0858840
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) _______
(B) _______
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Tennessee
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NUMBER OF 5. SOLE VOTING POWER
SHARES 363,844
--------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 28,645
--------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 138,615
--------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 5,527,271
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,749,346
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.6%
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12. TYPE OF REPORTING PERSON*
HC and BK
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Item 1(a) Name of Issuer:
- --------- --------------
Provident Life & Accident Insurance Company
Item 1(b) Address of Issuer's Principal Executive Offices:
- --------- -----------------------------------------------
One Fountain Square
Chattanooga, Tennessee 37402
Item 2(a) Name of Person Filing:
- --------- ---------------------
SunTrust Banks, Inc. as Parent Holding Company for SunTrust
Banks of Florida, Inc. as Parent Holding Company; SunTrust
Banks of Tennessee, Inc. as Parent Holding Company; SunTrust
Banks of Georgia, Inc. as Parent Holding Company for SunTrust
Bank, Atlanta as Parent Company of Trusco Capital Management,
Inc., and in various fiduciary capacities.
Item 2(b) Address of Principal Business Office(s):
- --------- ---------------------------------------
25 Park Place, N.E.
Atlanta, Georgia 30303
Item 2(c) Citizenship:
- --------- -----------
SunTrust Banks, Inc. is a Georgia corporation; SunTrust
Banks of Florida, Inc. is a Florida corporation; SunTrust
Banks of Tennessee, Inc. is a Tennessee corporation; SunTrust
Banks of Georgia, Inc. is a Georgia corporation; SunTrust
Bank, Atlanta is a Georgia banking association; Trusco Capital
Management, Inc. is a registered investment adviser and a
Georgia corporation.
Item 2(d) Title of Class of Securities:
- --------- ----------------------------
Class B
Item 2(e) CUSIP Number:
- --------- ------------
74388930
Item 3 Type of Person:
- ------ --------------
(b) Bank as defined in section 3(a)(6) of the Act.
(e) Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940.
(g) Parent holding company, in accordance with para. 240,13d-
1(1)(ii)(H).
Item 4 Ownership:
- ------ ---------
Amount Beneficially Owned. 5,801,788
(b) Percent of Class: 15.8%
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote: 416,286
(ii) Shared power to vote or to direct the vote: 28,645
(iii) Sole power to dispose or to direct the disposition of:
169,861
(iv) Shared power to dispose or the direct the disposition
of: 5,546,167
Item 5 Ownership of Five Percent or Less of Class:
- ------ ------------------------------------------
Not Applicable
Item 6 Ownership of More than 5 Percent of Behalf of Another Person:
- ------ ------------------------------------------------------------
See Exhibit B
Item 7 Identification and Classification of the Subsidiary Which
- ------ Acquired the Security Being Reported on By the Parent Holding
Company:
------------------------------------------------------------
See Item 2 and Exhibit C
Item 8 Identification and Classification of Members of the Group:
- ------ ---------------------------------------------------------
Not Applicable
Item 9 Notice of Dissolution of Group:
- ------ ------------------------------
Not Applicable
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: January 23 ,1996
SunTrust Banks, Inc.
By /s/ Cynthia S. Walker
-------------------------
Cynthia S. Walker, Operations Officer
STI Trust & Investment Operations, Inc. as agent for
SunTrust Banks, Inc.
EXHIBIT A
The shares reported are held by one or more bank subsidiaries
SunTrust Banks, Inc., in various fiduciary and agency capacities.
SunTrust Banks, Inc. and such subsidiaries disclaim by beneficial
interest in any of the shares reported, and the filing of this
statement shall not be construed as an admission to the contrary.
Certain of the shares included in shared voting authority are held in
agency accounts and co-fiduciary accounts and co-fiduciary accounts
in nominee registration. These are voted by the banks under revocable
authority of trust accounts and therefore, are reported as shared
voting authority.
EXHIBIT B
Various co-trustees share the power to direct distribution of income
including dividends and the proceeds from sale of securities.
Additionally, various beneficiaries have the right to receive dividends.
The following person or persons have the rights and/or powers when
combined that exceed 5% of the class.
SunTrust Bank, Chattanooga, N.A., Hugh O. Maclellan, Sr., and
Dudley Porter, Jr., Trustees of R.J. Maclellan Charitable Trust
SunTrust Bank, Chattanooga, N.A., Hugh O. Maclellan, Sr., and
Dudley Porter, Jr., Trustees of Cora L. Maclellan Charitable Trust
SunTrust Bank, Chattanooga, N.A., Hugh O. Maclellan, Sr., Hugh O.
Maclellan, Jr., Charlotte Heffner, Dudley Porter, Jr. and Katrina H.
Maclellan, Trustees of Various Maclellan Trusts.
EXHIBIT C
Sole Shared Sole Shared
Voting Voting Power to Power to
Name of Person Filing Power Power Dispose Dispose
SunTrust Banks of Tennessee, Inc.
as Parent Holding Company for:
- -----------------------------
SunTrust Bank, Chattanooga, 363,844 28,645 138,615 5,527,271
N.A., and in Various
Fiduciary Capacities
P.O. Box 1638
Chattanooga, Tennessee 37401
SunTrust Bank, Northeast 9,856 -0- -0- 9,856
Tennessee, N.A. and in Various
Fiduciary Capacities
207 Mockingbird Lane
Johnson City, Tennessee 37605
SunTrust Banks of Georgia, Inc.
as Parent Holding Company for:
- ---------------------------
SunTrust Bank, Atlanta as 39,246 -0- 31,246 7,300
Parent Company of Trusco Capital
Management, Inc., and in Various
Fiduciary Capacities
25 Park Place, N.E.
Atlanta, Georgia 30303
SunTrust Banks of Florida, Inc.
as Parent Holding Company for:
- -------------------------------
SunTrust Bank, South Florida, 1,740 -0- -0- 1,740
N.A. and in Various Fiduciary
Capacities
501 E Las Olas Blvd.
Ft. Lauderdale, Florida 33301
SunTrust Bank, Central Florida 1,600 -0- -0- -0-
N.A. and in Various Fiduciary
Capacities
200 South Orange
Orlando, Florida 32801
Shares Beneficially Owned 5,801,788
SunTrust Banks, Inc.
25 Park Place, N.E.
Atlanta, Georgia 30303
January 23, 1996
Ladies and Gentlemen:
There is hereby transmitted for filing pursuant to Section 13(g) of
the Securities Exchange Act of 1934 and Rule 13G thereunder
a Schedule 13G relating to beneficial ownership by SunTrust Banks, Inc.
and its subsidiaries of shares of Provident Life & Accident Insurance
Company Class B stock.
A paper copy of this filing is also being forwarded to you.
Please call the undersigned at (404) 581-1475 if you have any questions.
Sincerely,
/s/ Cynthia S. Walker
- ---------------------
Cynthia S. Walker
Operations Officer
STI Trust & Investment Operations, Inc. as agent for SunTrust Banks, Inc.
c: Provident Life & Accident Insurance Company
New York Stock Exchange
