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)
March 13, 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
John A. Powell
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
a
b
3 SEC USE ONLY
4 SOURCE OF FUNDS*
Not applicable.
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 1,211,592
8 SHARED VOTING POWER 0
9 SOLE DISPOSITIVE POWER 1,161,540
10 SHARED DISPOSITIVE POWER 0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,161,540
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.15%
14 TYPE OF REPORTING PERSON*
Page 3 of 3 Pages
Item 5. is amended as follows:
Item 5. Interest and Securities of the Issuer.
This amendment is being filed to reflect the fact that the Reporting Person:
a) acquired options to purchase 75,000 shares of the Common Stock, $.01 par
value, of American Travellers Corporation (the"Common Stock"), which become
exercisable on May 9, 1996.
b) sold Common Stock in the open market at the sale prices, net of
commission, as set forth below:
Date of Sale No. of Shares Sale Price Per Share
March 13, 1996 50,000 $29 3/4
March 14, 1996 25,000 $29 5/8
March 15, 1996 100,000 $29 5/8
March 18, 1996 50,000 $29 5/8
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 1, 1996
Signature: /s/ John A. Powell
John A. Powell
