<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.___0______)*
St. Jude Medical Inc.
----------------------------------
(Name of Issuer)
Common Stock
----------------------------------
(Title of Class of Securities)
79084910
----------------------------------
(CUSIP Number)
AS OF 12/31/95
Check the following box if a fee is being paid with this statement /X/. (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 five percent or less of such class.)
(See Rule 13d-7). 1
*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).
*SEE INSTRUCTION BEFORE FILING OUT!
Page 1 of 5 pages
<PAGE>
CUSIP No. 79084910 13G Page 2 of 5 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
Provident Investment Counsel, Inc.
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Massachusetts
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 3028461
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0
--------------------------------------------------
(7) Sole Dispositive
Power 3934922
--------------------------------------------------
(8) Shared Dispositive
Power 0
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3934922
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
5.6%
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
CO, IA
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILING OUT!
Page 2 of 5 pages
<PAGE>
CUSIP No. 79084910 13G Page 3 of 5 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Person. S.S. or I.R.S. Identification Nos. of Above
Persons
Robert M. Kommerstad (Mr. Kommerstad is no longer a reporting person.
See Item 2.)
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
U.S.A.
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0
--------------------------------------------------
(7) Sole Dispositive
Power 0
--------------------------------------------------
(8) Shared Dispositive
Power 0
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person 0 IA owns
3934922 shares of common stock. Mr. Kommerstad is no longer a reporting
person.
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
0%
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
Mr. Kommerstad is no longer a reporting person. See Item 2.
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILING OUT!
Page 3 of 5 pages
<PAGE>
Page 4 of 5 Pages
--- ---
ITEM 1(A). NAME OF ISSUER
St. Jude Medical Inc.
- -------------------------------------------------------------------------------
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
One Lillehei Plaza, St. Paul, MN 55117
- -------------------------------------------------------------------------------
ITEM 2(A). NAME OF PERSON(S) FILING
This statement is being filed by (i) Provident Investment
Counsel, Inc., a Massachusetts corporation and registered investment adviser
("IA"), and (ii) Robert M. Kommerstad, a shareholder of IA's predecessor,
Provident Investment Counsel, a California corporation which was formerly a
registered investment adviser ("Former IA"). IA is continuing the business of
Former IA, and is a wholly-owned subsidiary of United Asset Management
Holdings, which is wholly owned by United Asset Management Corporation
("UAM"). Pursuant to an Acquisition Agreement by and among UAM,
Former IA and IA, IA acquired substantially all of the assets of Former IA on
February 15, 1995. (the "Acquisition").
IA's beneficial ownership of the Common Stock is direct as a
result of IA's discretionary authority to buy, sell, and vote shares of such
Common Stock for its investment advisory clients. Mr. Kommerstad, as a result
of the Acquisition, no longer has beneficial ownership of any of the common
stock, and is no longer a reporting person.
- -------------------------------------------------------------------------------
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
IA's Principal Business Office is located at:
300 North Lake Avenue, Pasadena, CA 91101-4022.
- -------------------------------------------------------------------------------
ITEM 2(C). CITIZENSHIP
IA is a Massachusetts corporation.
- -------------------------------------------------------------------------------
ITEM 2(D). TITLE OF CLASS OF SECURITIES
Class A Common Stock
- -------------------------------------------------------------------------------
ITEM 2(E). CUSIP NUMBER
79084910
- -------------------------------------------------------------------------------
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A
(a) / / Broker or Dealer registered under Section 15 of the Act
(b) / / Bank as defined in section 3(a)(6) of the Act
(c) / / Insurance Company as defined in section 3(a)(19) of the Act
(d) / / Investment Company registered under section 8 of the Investment
Company Act
(e) /X/ Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) / / Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G)
(Note: See Item 7)
(h) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
*SEE INSTRUCTION BEFORE FILING OUT!
Page 4 of 5 pages
<PAGE>
Page 5 of 5 Pages
--- ---
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned:
IA directly beneficially owns 3934922 shares of Common Stock.
---------------------------------------------------------------------------
(b) Percent of Class:
5.6%
---------------------------------------------------------------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
IA has the power to vote 3028461 shares.
No other person has the power to vote such shares.
IA has no power to vote 906461 shares for
which it has dispositive power.
-----------------------------------------------------------------
(ii) shared power to vote or to direct the vote
0
-----------------------------------------------------------------
(iii) sole power to dispose or to direct the disposition of
IA has the power to dispose all 3934922 shares for which
it has direct beneficial ownership. It does not share this
power with any other person.
-----------------------------------------------------------------
(iv) shared power to dispose or to direct the disposition of
0
-----------------------------------------------------------------
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
As a result of the Acquisition, Mr. Kommerstad no longer owns any of
the common stock. See Item 2 above. IA's beneficial ownership is described in
Item 4 above.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
IA, a registered investment adviser, has the right or the power to
direct the receipt of dividends from Common Stock, and to direct the receipt
of proceeds from the sale of Common Stock to IA's investment advisory
clients. No single investment advisory client of IA owns more than 5% of the
Common Stock.
- -------------------------------------------------------------------------------
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
- -------------------------------------------------------------------------------
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 purposes 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.
February 2, 1996
PROVIDENT INVESTMENT COUNSEL, INC.
By:-------------------------------------
Thad Brown
Chief Financial Officer
and Senior Vice-President
*SEE INSTRUCTION BEFORE FILING OUT!
Page 5 of 5 pages
