<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
United Asset Management Corporation
(Name of Issuer)
Common Stock, Par Value, $0.01 Per Share
(Title of Class of Securities)
909420101
(CUSIP Number)
Steven J. Greenfield
Allen & Company Incorporated
711 Fifth Avenue, New York, New York 10022, (212) 832-8000
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 13, 1995
(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 13-d-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 purposes 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 of 11 <PAGE>
<PAGE>
SCHEDULE 13D
---------------------- ------------------
CUSIP No.909420101 Page 2 of 11 Pages
---------------------- ------------------
===============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Allen Holding Inc.
13-3311050
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
--------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
--------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,264,494
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.2%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
222 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
------------------- --------------------
CUSIP No.909420101 Page 3 of 11 Pages
------------------- --------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Allen & Company Incorporated
13-6176976
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
1,116,194
--------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
--------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,116,194
--------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,116,194
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO,BD
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)
<PAGE>
<PAGE>
SCHEDULE 13D
------------------- --------------------
CUSIP No.909420101 Page 4 of 11 Pages
------------------- --------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Allen Value Partners L.P.
13-3479482
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
132,476
--------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
--------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
132,476
--------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
132,476
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
less than 1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
------------------- --------------------
CUSIP No.909420101 Page 5 of 11 Pages
------------------- --------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Allen Value Limited
N/A
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
--------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
15,824
--------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
--------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
15,824
--------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,824
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
less than 1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
------------------- --------------------
CUSIP No.909420101 Page 6 of 11 Pages
------------------- --------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Herbert A. Allen
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
176,480
--------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
--------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
176,480
--------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
176,480
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
less than 1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)
<PAGE>
<PAGE>
SCHEDULE 13D
------------------- --------------------
CUSIP No.909420101 Page 7 of 11 Pages
------------------- --------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Philip Scaturro
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
62,163
--------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
--------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
62,163
--------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
62,163
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
less than 1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
------------------- --------------------
CUSIP No.909420101 Page 8 of 11 Pages
------------------- --------------------
The Reporting Persons, consisting of ACI, AVP, AVL, AHI, Herbert A. Allen
and Philip Scaturro, hereby amend their Schedule 13D relating to the Common
Stock, par value $0.01 per share, of United Asset Management Corporation as set
forth below.
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on September 19, the Reporting
Persons, by virtue of the language of Rule 13d-3(d)(1)(i), may be deemed to own
beneficially in the aggregate the number and percentage of the Issuer's Common
Stock set forth opposite their names below (based upon the number of Shares that
were reported to be outstanding in the Issuer's Form 10-Q for the quarter ended
June 30, 1995.
<PAGE>
<PAGE>
SCHEDULE 13D
------------------- --------------------
CUSIP No.909420101 Page 9 of 11 Pages
------------------- --------------------
<TABLE>
<CAPTION>
================================================================================
Name Shares of Common Stock(1) Percentage
--------------------------------------------------------------------------------
<S> <C> <C>
Allen & Company Incorporated 1,116,194(2) 3.7%
--------------------------------------------------------------------------------
Allen Value Partners, L.P. 132,476 less than 1%
--------------------------------------------------------------------------------
Allen Value Limited 15,824 less than 1%
--------------------------------------------------------------------------------
Allen Holding, Inc. 1,264,494(3) 4.2%
--------------------------------------------------------------------------------
Herbert A. Allen 176,480(4) less than 1%
--------------------------------------------------------------------------------
Philip Scaturro 62,163(5) less than 1%
================================================================================
(1) Unless otherwise indicated, the amounts shown are owned directly by the
named reporting persons.
(2) This amount does not include shares of Common Stock beneficially owned by
individual members of the Allen family or trusts for their benefit or
officers and directors of Allen & Company Incorporated.
(3) Consists of shares of Common Stock held directly by Allen & Company
Incorporated, Allen Value Partners L.P. and Allen Value Limited.
(4) This amount does not include 25,247 shares of Common Sock held by a
relative of Mr. Allen over whose account Mr. Allen may exercise control
under a power of attorney. Includes 9,800 shares held by a not-for-profit
organization of which Mr. Allen is a Trustee.
(5) This amount includes 8,800 shares of Common Stock held by a not-for-profit
corporation of which Mr. Scaturro is Sole Director, President, Secretary
and Treasurer and over which Mr. Scaturro has the sole power to vote or
to direct the vote and the sole power to dispose or direct the disposition
of these shares, and includes 18,231 shares of Common Stock issuable
pursuant to currently exercisable stock options granted to Mr. Scaturro
as a director of the Issuer.
<PAGE>
<PAGE>
SCHEDULE 13D
------------------- --------------------
CUSIP No.909420101 Page 10 of 11 Pages
------------------- --------------------
(c) The following table sets forth the transactions effected by each
of the Reporting Persons since the Reporting Persons' last Schedule 13D relating
to the Issuer. Unless otherwise noted, each of the transactions set forth below
reflects a sale effected by means of trades on the New York Stock Exchange.
</TABLE>
<TABLE>
<CAPTION>
Trade Price Per
Date Share ($) AHI ACI AVP AVL HAA PS
---------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
9/11 41.0625 0 0 17,866 2,134 0 0
---------------------------------------------------------------------------------
9/13 41.2700 0 0 8,933 1,067 0 0
---------------------------------------------------------------------------------
9/14 41.1198 0 0 19,206 2,294 0 0
---------------------------------------------------------------------------------
9/15 40.5894 0 0 17,866 2,134 0 0
---------------------------------------------------------------------------------
9/18 40.335 0 0 8,933 1,067 0 0
---------------------------------------------------------------------------------
9/19 40.217 0 0 22,333 2,667 0 0
---------------------------------------------------------------------------------
<FN>
------------
(e) On September 19, 1995, the Reporting Persons, in the aggregate, ceased to be
the beneficial owners of five percent or more of the Issuers Common Stock. This
filing is thus a final filing.
</TABLE>
<PAGE>
<PAGE>
Page 11 of 11 Pages
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Dated: September 21, 1995
Allen & Company Incorporated
By: ____________________________
Steven J. Greenfield
Vice President
Allen Value Partners L.P.
By: Allen Philton L.P.
General Partner
BY: Allen Value, Inc.
General Partner
By: ____________________________
Steven J. Greenfield
Vice President
Allen Holding, Inc.
By: ____________________________
Steven J. Greenfield
Vice President
Allen Value Limited
By: ____________________________
Steven J. Greenfield
President
____________________________
Herbert A. Allen
____________________________
Philip A. Scaturro
<PAGE>
<PAGE>
Page 11 of 11 Pages
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Dated: September 21, 1995
Allen & Company Incorporated
By: /s/Steven J. Greenfield
----------------------------
Steven J. Greenfield
Vice President
Allen Value Partners L.P.
By: Allen Philton L.P.
General Partner
BY: Allen Value, Inc.
General Partner
By: /s/Steven J. Greenfield
----------------------------
Steven J. Greenfield
Vice President
Allen Holding, Inc.
By: /s/Steven J. Greenfield
-----------------------------
Steven J. Greenfield
Vice President
Allen Value Limited
By: /s/Steven J. Greenfield
------------------------------
Steven J. Greenfield
President
/s/Herbert A. Allen
-------------------------------
Herbert A. Allen
/s/Philip A. Scaturro
-------------------------------
Philip A. Scaturro
