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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Baker Hughes Incorporated
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
057224107
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(CUSIP Number)
Scott Renwick One East Wacker Drive
(312) 661-4520 Chicago, Illinois 60601
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
October 19, 1998
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(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 (S)(S)240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [_].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See (S)240.13d-7(b) 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).
Page 1 of 4
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SCHEDULE 13D
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CUSIP NO. 057224107 PAGE 2 OF 4 PAGES
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NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Unitrin, Inc.
95-4255452
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) _____
(b) _____
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SEC USE ONLY
3
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SOURCE OF FUNDS (See Instructions)
4
See Item 3.
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
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SOLE VOTING POWER
7
NUMBER OF 14,717,667
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
19,458,295
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
14,717,667
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
19,458,295
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
34,175,962
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions)
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
10.5%
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TYPE OF REPORTING PERSON (See Instructions)
14
HC, CO
- ------------------------------------------------------------------------------
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CUSIP No. 057224107 Page 3 of 4 Pages
Amendment No. 1 to Schedule 13D
The information reported previously in Unitrin's Schedule 13D, dated August
10, 1998 (the "August 1998 13D") is supplemented with the following information.
Capitalized terms used below and not otherwise defined have the meanings given
to such terms in the August 1998 13D.
Item 5. Interest in Securities of the Issue
On October 19, 1998, Unitrin acquired 14,717,667 shares of the Issuer's
Common Stock (the "Transferred Shares") from its wholly-owned subsidiary, United
Insurance Company of America, in an intercompany transaction. The Transferred
Shares were part of the shares as to which Unitrin reported shared voting and
dispositive powers in the August 1998 13D. As a result of the transfer, Unitrin
now has sole voting and dispositive powers with respect to the Transferred
Shares. Except for this intercompany transfer, Unitrin has not acquired or
disposed of any shares of the Issuer's Common Stock since the August 1998 13D.
This Amendment No. 1 reports one fewer share of the Issuer's Common Stock than
the August 1998 13D due to the surrender of a fractional share for cash. Another
of Unitrin's wholly-owned subsidiaries, Trinity Universal Insurance Company,
continues to hold 19,458,295 shares of the Issuer's Common Stock and shares
voting and dispositive powers with Unitrin, as reported in the August 1998 13D.
Accordingly, Unitrin's total beneficial ownership, direct and indirect, of the
Issuer's Common Stock remains constant at 34,175,962 shares.
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.
Date: November 3, 1998 UNITRIN, INC.
By:_________________________
Title: Secretary
