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OMB APPROVAL
OMB NUMBER: 3235-0145
<S> <C> Expires: October 31, 1994
UNITED STATES Estimated average burden
SECURITIES AND EXCHANGE COMMISSION hours per form........14.90
WASHINGTON, D.C. 20549 ----------------------------
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
MMI COMPANIES, INC
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(Name of Issuer)
Common Stock, $0.10 Par Value
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(Title of Class of Securities)
55308710
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(CUSIP Number)
Michael J. Hoy, Vice President, Treasury Services
Lutheran General HealthSystem, 2025 Windsor Drive, Oak Brook, IL 60521 (630) 990-5664
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
September 25, 1996
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(Date of Event which Requires Filing of this Statement)
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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 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. 55308710 PAGE 2 OF 4 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lutheran General HealthSystem 36-2167779
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
N/A
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
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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
Illinois
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 295,431 (2.7%)
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH -0-
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9 SOLE DISPOSITIVE POWER
295,431 (2.7%)
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
295,431 (2.7%)
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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)
(2.7%)
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14 TYPE OF REPORTING PERSON *
CO
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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.
2 OF 7
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Page 3 of 4
Item 1. Security and Issuer
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The title of the class of equity securities is Common Stock, $0.10 par
value per share. The name and address of the principal executive offices of
the Issuer are MMI Companies, Inc. ("MMI"), 540 Lake Cook Road, Deerfield,
Illinois, 60015-5290.
Item 2. Identity and Background
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Lutheran General HealthSystem ("LGHS")
2025 Windsor Drive
Oak Brook, Illinois 60521
LGHS is an Illinois not for profit corporation, and its principal business
is health care.
No officers or directors of LGHS have been convicted in a criminal
proceeding nor are party to a civil proceeding of a judicial or administrative
body or competent jurisdiction.
Item 3. Source and Amount of Funds or Other Consideration
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Date # of Shares Costs Source of Funds
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03/85 44,000 $ 374,000.00 Working Capital
09/85 1,458 5,270.43 Working Capital
12/85 243,722 1,827,915.00 Working Capital
12/88 143,861 1,078,975.00 Working Capital
03/93 162,390 0.00 (1.375 to 1 stock split)
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595,431 $3,286,160.93
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Item 4. Purpose of Transaction
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LGHS (formerly Lutheran Institute of Human Ecology) was a co-founder of
the predecessor organization to MMI. Stock in MMI was purchased at several
different times over the past ten (10) years to provide continued financial
support of the hospital-formed insurance organization.
LGHS sold 300,000 shares of Common Stock of the Issue in the Secondary
Offering of the Issuer because the value of its holdings in the Issuer exceeded
limits established in LGHS' Investment Policy.
Item 5. Interest in Securities of the Issuer
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a. The aggregate number and percentage of the class of securities
identified pursuant to Item 1 is 295,431 Common Stock, $0.10 par value per
share, which represents 2.7% of the issued and outstanding shares of Common
Stock, $0.10 par value per share, of MMI.
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Page 4 of 4
b. LGHS has sole power to vote or direct the vote 295,431 shares of Common
Stock of the Issuer and has the sole power to dispose or direct the disposition
of the 295,431 shares of Common Stock of the Issuer.
c. On September 25, 1996, LGHS sold 300,000 shares of Common Stock, $0.10
par value per share, of the Issuer in a Secondary Offering of Common Stock by
the Issuer for $28.75 per share.
d. None.
e. September 25, 1996.
Item 6. Contracts, Arrangements, Understandings of Relationships with Respect
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to Securities of the Issuer
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N/A
Item 7. Materials to be filed as Exhibits
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N/A
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.
Date: October 31, 1996
LUTHERAN GENERAL HEALTHSYSTEM
By: _________________________________
Michael J. Hoy, Vice President,
Treasury Services
