SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
American Travellers Corporation
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
0302 90 100
(CUSIP Number)
Benedict J. Iacovetti, 3220 Tillman Drive, Bensalem, PA 19020
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 29, 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 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 filed 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).
(Continued on following page(s))
Page 1 of 3 Pages
CUSIP No. 0302 90 100 13D Page 2 of 3 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ramon R. Obod, Alice E. Powell and Debra F. Powell as co-trustees
of a Trust under a Deed of Trust of Frances E. Powell, Jr., Settlor,
dated August 24, 1988.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
a
b
3 SEC USE ONLY
4 SOURCE OF FUNDS*
No funds or other consideration where used or are to be used as
there was no purchase of securities.
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7 SOLE VOTING POWER 0
8 SHARED VOTING POWER 708,462
9 SOLE DISPOSITIVE POWER 0
10 SHARED DISPOSITIVE POWER 708,462
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 708,462
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14 TYPE OF REPORTING PERSON*
00 Co-Trustees of a Trust established under a Deed of Trust of
Frances E. Powell,Jr. Settlor, dated August 24, 1988.
Page 3 of 3 Pages
Item 5 is amended as follows:
Item 5 Interest and Securities of the Issuer.
The Reporting Persons are co-trustees of a Trust established under a Deed
of Trust of Frances E. Powell, Jr., Settlor, dated August 24, 1988
(the "Residuary Trust"). On February 29, 1996, the Residuary Trust
sold 100,000 shares of the Common Stock, $.01 par value of American
Travellers Corporation (the "Stock") in the open market at a sales
price, net of commission, of $28.87 per share.
The co-trustees, in their individual capacities, have the following record
ownership of securities of American Travellers Corporation:
Alice E. Powell
1,000 shares
28,000 options
Debra F. Powell
10,000 shares
14,500 options
Ramon R. Obod
9,737 shares
25,000 options
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: March 14, 1996
Signature: /s/ Alice E.. Powell
Name: Alice E. Powell, Co-Trustee
Signature: /s/ Debra F.. Powell
Name: Debra F. Powell, Co-Trustee
Signature: /s/ Ramon R. Obod
Name: Ramon R. Obod, Co- Trustee
