<PAGE> 1
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
Amendment No. 1
WESTCORP
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $1.00 Par Value
- -------------------------------------------------------------------------------
(Title of Class of Securities)
957907108
- -------------------------------------------------------------------------------
(CUSIP Number)
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.)
*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).
Continued on following page(s)
Page 1 of 29 Pages
<PAGE> 2
CUSIP NO. 957907108 13G PAGE 2 OF 29 PAGES
<TABLE>
<S> <C> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ERNEST S. RADY
Social Security No. ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CANADA
NUMBER OF 5 SOLE VOTING POWER
SHARES SEE ITEM 4 OWNERSHIP
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON SEE ITEM 4 OWNERSHIP
WITH 8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 4 OWNERSHIP
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 60.54% (based on 16,274,782 shares outstanding)
12 TYPE OF REPORTING PERSON*
IN
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
CUSIP NO. 957907108 13G PAGE 3 OF 29 PAGES
<TABLE>
<S> <C> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EVELYN SHIRLEY RADY
Social Security No. ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CANADA
NUMBER OF 5 SOLE VOTING POWER
SHARES SEE ITEM 4 OWNERSHIP
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON SEE ITEM 4 OWNERSHIP
WITH 8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 4 OWNERSHIP
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 60.54% (based on 16,274,782 shares outstanding)
12 TYPE OF REPORTING PERSON*
IN
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
CUSIP NO. 957907108 13G PAGE 4 OF 29 PAGES
<TABLE>
<S> <C> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CANADIAN SECURITIES CORPORATION
I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CANADA
NUMBER OF 5 SOLE VOTING POWER
SHARES SEE ITEM 4 OWNERSHIP
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON SEE ITEM 4 OWNERSHIP
WITH 8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 4 OWNERSHIP
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 60.54% (based on 16,274,782 shares outstanding)
12 TYPE OF REPORTING PERSON*
CO
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
CUSIP NO. 957907108 13G PAGE 5 OF 29 PAGES
<TABLE>
<S> <C> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AMERICAN ASSETS, INC.
I.R.S. ID NO. 95-249-3347
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
NUMBER OF 5 SOLE VOTING POWER
SHARES SEE ITEM 4 OWNERSHIP
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON SEE ITEM 4 OWNERSHIP
WITH 8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 4 OWNERSHIP
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 60.54% (based on 16,274,782 shares outstanding)
12 TYPE OF REPORTING PERSON*
CO
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 6
CUSIP NO. 957907108 13G PAGE 6 OF 29 PAGES
<TABLE>
<S> <C> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AVRETT ENTERPRISES, LTD.
I.R.S ID NO. (No I.R.S. ID No. as it is a Canadian corporation)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CANADA
NUMBER OF 5 SOLE VOTING POWER
SHARES SEE ITEM 4 OWNERSHIP
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON SEE ITEM 4 OWNERSHIP
WITH 8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 4 OWNERSHIP
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 60.54% (based on 16,274,782 shares outstanding)
12 TYPE OF REPORTING PERSON*
CO
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 7
CUSIP NO. 957907108 13G PAGE 7 OF 29 PAGES
<TABLE>
<S> <C> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CANPAC ENTERPRISES, LTD.
I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CANADA
NUMBER OF 5 SOLE VOTING POWER
SHARES SEE ITEM 4 OWNERSHIP
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON SEE ITEM 4 OWNERSHIP
WITH 8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 4 OWNERSHIP
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 60.54% (based on 16,274,782 shares outstanding)
12 TYPE OF REPORTING PERSON*
CO
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 8
CUSIP NO. 957907108 13G PAGE 8 OF 29 PAGES
<TABLE>
<S> <C> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
INSURANCE COMPANY OF THE WEST
I.R.S. ID NO. 95-2769232
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
NUMBER OF 5 SOLE VOTING POWER
SHARES SEE ITEM 4 OWNERSHIP
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON SEE ITEM 4 OWNERSHIP
WITH 8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 4 OWNERSHIP
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 60.54% (based on 16,274,782 shares outstanding)
12 TYPE OF REPORTING PERSON*
CO
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 9
CUSIP NO. 957907108 13G PAGE 9 OF 29 PAGES
<TABLE>
<S> <C> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MEMRAD HOLDINGS, LTD.
I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CANADA
NUMBER OF 5 SOLE VOTING POWER
SHARES SEE ITEM 4 OWNERSHIP
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON SEE ITEM 4 OWNERSHIP
WITH 8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 4 OWNERSHIP
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 60.54% (based on 16,274,782 shares outstanding)
12 TYPE OF REPORTING PERSON*
CO
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 10
CUSIP NO. 957907108 13G PAGE 10 OF 29 PAGES
<TABLE>
<S> <C> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SILPIT INDUSTRIES CO., LTD.
I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CANADA
NUMBER OF 5 SOLE VOTING POWER
SHARES SEE ITEM 4 OWNERSHIP
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON SEE ITEM 4 OWNERSHIP
WITH 8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 4 OWNERSHIP
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 60.54% (based on 16,274,782 shares outstanding)
12 TYPE OF REPORTING PERSON*
CO
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 11
CUSIP NO. 957907108 13G PAGE 11 OF 29 PAGES
<TABLE>
<S> <C> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SORB HOLDINGS, INC.
I.R.S. ID NO. 33-0013526
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
NUMBER OF 5 SOLE VOTING POWER
SHARES SEE ITEM 4 OWNERSHIP
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON SEE ITEM 4 OWNERSHIP
WITH 8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 4 OWNERSHIP
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 60.54% (based on 16,274,782 shares outstanding)
12 TYPE OF REPORTING PERSON*
CO
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 12
CUSIP NO. 957907108 13G PAGE 12 OF 29 PAGES
<TABLE>
<S> <C> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SUMMIT RESOURCES LIMITED
I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CANADA
NUMBER OF 5 SOLE VOTING POWER
SHARES SEE ITEM 4 OWNERSHIP
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON SEE ITEM 4 OWNERSHIP
WITH 8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 4 OWNERSHIP
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 60.54% (based on 16,274,782 shares outstanding)
12 TYPE OF REPORTING PERSON*
CO
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 13
CUSIP NO. 957907108 13G PAGE 13 OF 29 PAGES
<TABLE>
<S> <C> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WESTERN INSURANCE HOLDINGS, INC.
I.R.S. ID NO. 95-2890041
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
NUMBER OF 5 SOLE VOTING POWER
SHARES SEE ITEM 4 OWNERSHIP
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON SEE ITEM 4 OWNERSHIP
WITH 8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 4 OWNERSHIP
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 60.54% (based on 16,274,782 shares outstanding)
12 TYPE OF REPORTING PERSON*
CO
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 14
ITEM 1. SECURITY AND ISSUER.
Common Stock, $1.00 par value
WESTCORP
1111 E. Katella Ave.
Orange, CA 92667
ITEM 2. IDENTITY AND BACKGROUND.
Ernest S. Rady
(a) Ernest S. Rady
(b) Mr. Rady's residence address is:
Ernest S. Rady
1820 La Jolla Rancho Road
La Jolla, CA 92037
(c) Mr. Rady is a Canadian citizen.
(d) Title of Class of Securities: Common Stock.
(e) CUSIP No. 957907108
Evelyn Shirley Rady
(a) Evelyn Shirley Rady
(b) Mrs. Rady's residence address is:
Evelyn Shirley Rady
1820 La Jolla Rancho Road
La Jolla, CA 92037
(c) Mrs. Rady is a Canadian citizen.
(d) Title of Class of Securities: Common Stock.
(e) CUSIP No. 957907108
American Assets, Inc.
(a) American Assets, Inc.
(b) The principal business address is:
American Assets, Inc.
10140 Campus Point Drive
San Diego, CA 92121
(c) California corporation.
(d) Title of Class of Securities: Common Stock.
(e) CUSIP No. 957907108
Avrett Enterprises, Ltd.
(a) Avrett Enterprises, Ltd.
(b) The principal business address is:
Avrett Enterprises, Ltd.
70 Arthur Street
Winnipeg, Manitoba
Canada R3B 1G7
(c) Canadian corporation.
(d) Title of Class of Securities: Common Stock.
Page 14 of 29 Pages
<PAGE> 15
(e) CUSIP No. 957907108
Canadian Securities Corporation, Ltd.
(a) Canadian Securities Corporation, Ltd.
(b) The principal business address is:
Canadian Securities Corporation, Ltd.
203-213 Notre Dame Avenue
Winnipeg, Manitoba
Canada R3B 1N3
(c) Canadian corporation.
(d) Title of Class of Securities: Common Stock.
(e) CUSIP No. 957907108
Canpac Enterprises, Ltd.
(a) Canpac Enterprises, Ltd.
(b) The principal business address is:
Canpac Enterprises, Ltd.
70 Arthur Street
Winnipeg, Manitoba
Canada R3B 1G7
(c) Canadian corporation.
(d) Title of Class of Securities: Common Stock.
(e) CUSIP No. 957907108
Insurance Company of the West
(a) Insurance Company of the West
(b) The principal business address is:
Insurance Company of the West
10140 Campus Point Drive
San Diego, CA 92121
(c) California corporation.
(d) Title of Class of Securities: Common Stock.
(e) CUSIP No. 957907108
Memrad Holdings, Ltd.
(a) Memrad Holdings, Ltd.
(b) The principal business address is:
Memrad Holdings, Ltd.
203-213 Notre Dame Avenue
Winnipeg, Manitoba
Canada R3B 1N3
(c) Canadian corporation.
(d) Title of Class of Securities: Common Stock.
(e) CUSIP No. 957907108
Page 15 of 29 Pages
<PAGE> 16
Silpit Industries Co., Ltd.
(a) Silpit Industries Co., Ltd.
(b) The principal business address is:
Silpit Industries Co., Ltd.
70 Arthur Street
Winnipeg, Manitoba
Canada R3B 1G7
(c) California corporation.
(d) Title of Class of Securities: Common Stock.
(e) CUSIP No. 957907108
Sorb Holdings, Inc.
(a) Sorb Holdings, Inc.
(b) The principal business address is:
Sorb Holdings, Inc.
10140 Campus Point Drive
San Diego, CA 92121
(c) Canadian corporation.
(d) Title of Class of Securities: Common Stock.
(e) CUSIP No. 957907108
Summit Resources Limited
(a) Summit Resources Limited
(b) The principal business address is:
Summit Resources Limited
2300, 144-4th Avenue S.W.
Calgary, Alberta
Canada T2P 3N4
(c) Canadian corporation.
(d) Title of Class of Securities: Common Stock.
(e) CUSIP No. 957907108
Western Insurance Holdings, Inc.
(a) Western Insurance Holdings, Inc.
(b) The principal business address is:
Western Insurance Holdings, Inc.
10140 Campus Point Drive
San Diego, CA 92121
(c) California corporation.
(d) Title of Class of Securities: Common Stock.
(e) CUSIP No. 957907108
Page 16 of 29 Pages
<PAGE> 17
ITEM 3. NATURE OF PERSON.
Not Applicable. Group filing but not under Rule 13d-1(b)(2).
ITEM 4. OWNERSHIP.
This filing is for the cumulative share holdings of an affiliated
group as of the end of the calendar year 1987. The various entities named in
this Schedule 13G directly or indirectly collectively owned, as of December 31,
1987, 9,852,111 outstanding shares of Common Stock of the Issuer, representing
60.54% of the outstanding shares of Common Stock of the Issuer. Exhibit A
attached hereto and incorporated by this reference herein depicts the
relationship among the various affiliated companies in the "Rady" group. There
is no formal agreement to vote or dispose of the shares of the Issuer in a
particular manner. The dispositive and voting power of each of the individuals
and companies shown on Schedule A is made independent of the other, except to
the extent that Mr. and Mrs. Rady may be shareholders, officers and/or
directors of the various companies and in that respect are able to control
disposition and voting of the shares of the Issuer owned by each such company.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
None.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not Applicable.
Page 17 of 29 Pages
<PAGE> 18
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Ernest S. Rady
(a) Ernest S. Rady
(b) Mr. Rady's residence address is:
Ernest S. Rady
1820 La Jolla Rancho Road
La Jolla, CA 92037
(c) Mr. Rady is a Canadian citizen.
(d) Title of Class of Securities: Common Stock.
(e) CUSIP No. 957907108
Evelyn Shirley Rady
(a) Evelyn Shirley Rady
(b) Mrs. Rady's residence address is:
Evelyn Shirley Rady
1820 La Jolla Rancho Road
La Jolla, CA 92037
(c) Mrs. Rady is a Canadian citizen.
(d) Title of Class of Securities: Common Stock.
(e) CUSIP No. 957907108
American Assets, Inc.
(a) American Assets, Inc., a California corporation
<TABLE>
<CAPTION>
Names and Addresses of Officers Title
------------------------------- -----
and Directors as of December 31, 1987
-------------------------------------
(the end of the filing period)
------------------------------
<S> <C>
Ernest S. Rady Chairman, Director
1820 La Jolla Rancho Road
La Jolla, CA 92037
Jeffrey B. Davis President, Director
10140 Campus Point Drive
San Diego, CA 92121
Joanne Torres Secretary, Vice President
10140 Campus Point Drive
San Diego, CA 92121
Mark Singerman Vice President
10140 Campus Point Drive
San Diego, CA 92121
</TABLE>
Page 18 of 29 Pages
<PAGE> 19
<TABLE>
<S> <C>
Allen Garrett Vice President
10140 Campus Point Drive
San Diego, CA 92121
Dan E. Cotton Chief Financial Officer, Director
10140 Campus Point Drive
San Diego, CA 92121
</TABLE>
Avrett Enterprises, Ltd.
(a) Avrett Enterprises, Ltd.
<TABLE>
<CAPTION>
Names and Addresses of Officers Title
------------------------------- -----
and Directors as of December 31, 1987
-------------------------------------
(the end of the filing period)
------------------------------
<S> <C>
Sylvia Silverberg President, Director
70 Arthur Street
Winnipeg, Manitoba
Canada R3B 1G7
Evelyn Rady Vice President, Director
1820 La Jolla Rancho Road
La Jolla, CA 92037
Nora Kaufman Secretary, Treasurer, Director
70 Arthur Street
Winnipeg, Manitoba
Canada R3B 1G7
</TABLE>
Canadian Securities Corporation, Ltd.
(a) Canadian Securities Corporation, Ltd.
<TABLE>
<CAPTION>
Names and Addresses of Officers Title
------------------------------- -----
and Directors as of December 31, 1987
-------------------------------------
(the end of the filing period)
------------------------------
<S> <C>
Ernest S. Rady President, Director
1820 La Jolla Rancho Road
La Jolla, CA 92037
Morley Blankstein Vice President, Director
203-213 Notre Dame Avenue
Winnipeg, Manitoba
Canada R3B 1N3
</TABLE>
Page 19 of 29 Pages
<PAGE> 20
<TABLE>
<S> <C>
Marjorie Blankstein Director
203-213 Notre Dame Avenue
Winnipeg, Manitoba
Canada R3B 1N3
Mindel Olenick Director
203-213 Notre Dame Avenue
Winnipeg, Manitoba
Canada R3B 1N3
Thomas Z. Olenick Secretary, Treasurer
203-213 Notre Dame Avenue
Winnipeg, Manitoba
Canada R3B 1N3
Norman Edwards Assistant Secretary
203-213 Notre Dame Avenue
Winnipeg, Manitoba
Canada R3B 1N3
</TABLE>
Canpac Enterprises, Ltd.
(a) Canpac Enterprises, Ltd.
<TABLE>
<CAPTION>
Names and Addresses of Officers Title
------------------------------- -----
and Directors as of December 31, 1987
-------------------------------------
(the end of the filing period)
------------------------------
<S> <C>
Ernest S. Rady President, Director
1820 La Jolla Rancho Road
La Jolla, CA 92037
Nora Kaufman Vice President, Director
70 Arthur Street
Winnipeg, Manitoba
Canada R3B 1G7
David Kaufman Secretary, Director
70 Arthur Street
Winnipeg, Manitoba
Canada R3B 1G7
Evelyn Rady Treasurer, Director
1820 La Jolla Rancho Road
La Jolla, CA 92037
</TABLE>
Page 20 of 29 Pages
<PAGE> 21
Insurance Company of the West
(a) Insurance Company of the West
<TABLE>
<CAPTION>
Names and Addresses of Officers Title
------------------------------- -----
and Directors as of December 31, 1987
-------------------------------------
(the end of the filing period)
------------------------------
<S> <C>
Ernest S. Rady Chairman of the Board, Director
1820 La Jolla Rancho Road
La Jolla, CA 92037
Bernard M. Feldman President, Director
10140 Campus Point Drive
San Diego, CA 92121
Richard S. King Executive Vice President, Director
10140 Campus Point Drive
San Diego, CA 92121
Michael F. McAuliffe Director
10140 Campus Point Drive
San Diego, CA 92121
Bruce N. Moore Director
10140 Campus Point Drive
San Diego, CA 92121
Robert A. Nelson Director
10140 Campus Point Drive
San Diego, CA 92121
Douglas J. Peacher Director
10140 Campus Point Drive
San Diego, CA 92121
James B. Rathbun Director
10140 Campus Point Drive
San Diego, CA 92121
Herbert J. Solomon Director
10140 Campus Point Drive
San Diego, CA 92121
H. Michael Freet Senior Vice President,
10140 Campus Point Drive Treasurer
San Diego, CA 92121
</TABLE>
Page 21 of 29 Pages
<PAGE> 22
<TABLE>
<S> <C>
John L. Hannum Senior Vice President
10140 Campus Point Drive
San Diego, CA 92121
James Currie Senior Vice President
10140 Campus Point Drive
San Diego, CA 92121
James Austin Secretary
10140 Campus Point Drive
San Diego, CA 92121
</TABLE>
Memrad Holdings, Ltd.
<TABLE>
<CAPTION>
Names and Addresses of Officers Title
------------------------------- -----
and Directors as of December 31, 1987
-------------------------------------
(the end of the filing period)
------------------------------
<S> <C> <C>
(a) Memrad Holdings, Ltd.
Ernest S. Rady President, Director
1820 La Jolla Rancho Road
La Jolla, CA 92037
Marjorie Blankstein Vice President, Director
203-213 Notre Dame Avenue
Winnipeg, Manitoba
Canada R3B 1N3
Morley Blankstein Vice President
203-213 Notre Dame Avenue
Winnipeg, Manitoba
Canada R3B 1N3
Mindel Olenick Secretary, Treasurer, Director
203-213 Notre Dame Avenue
Winnipeg, Manitoba
Canada R3B 1N3
Thomas Z. Olenick Vice President
203-213 Notre Dame Avenue
Winnipeg, Manitoba
Canada R3B 1N3
Norman Edwards Assistant Secretary
203-213 Notre Dame Avenue
Winnipeg, Manitoba
Canada R3B 1N3
</TABLE>
Page 22 of 29 Pages
<PAGE> 23
Silpit Industries Co., Ltd.
<TABLE>
<CAPTION>
Names and Addresses of Officers Title
------------------------------- -----
and Directors as of December 31, 1987
-------------------------------------
(the end of the filing period)
------------------------------
<S> <C> <C>
(a) Silpit Industries Co., Ltd.
David S. Kaufman President, Director
70 Arthur Street
Winnipeg, Manitoba
Canada R3B 1G7
G.L. Stoddart Vice President
70 Arthur Street
Winnipeg, Manitoba
Canada R3B 1G7
Nora Kaufman Secretary, Treasurer, Director
70 Arthur Street
Winnipeg, Manitoba
Canada R3B 1G7
Evelyn Rady Director
1820 La Jolla Rancho Road
La Jolla, CA 92037
Sylvia Silverberg Director
70 Arthur Street
Winnipeg, Manitoba
Canada R3B 1G7
Allan Kaufman Director
70 Arthur Street
Winnipeg, Manitoba
Canada R3B 1G7
</TABLE>
Page 23 of 29 Pages
<PAGE> 24
Sorb Holdings, Inc.
<TABLE>
<CAPTION>
Names and Addresses of Officers Title
------------------------------- -----
and Directors as of December 31, 1987
-------------------------------------
(the end of the filing period)
------------------------------
<S> <C> <C>
(a) Sorb Holdings, Inc.
Ernest S. Rady President, Director
1820 La Jolla Rancho Road
La Jolla, CA 92037
Douglas J. Peacher Director
10140 Campus Point Drive
San Diego, CA 92121
Jeffrey B. Davis Director
10140 Campus Point Drive
San Diego, CA 92121
Dan E. Cotton Secretary, Chief Financial Officer, Director
10140 Campus Point Drive
San Diego, CA 92121
</TABLE>
Summit Resources Limited
(a) Summit Resources Limited
<TABLE>
<CAPTION>
Names and Addresses of Officers Title
------------------------------- -----
and Directors as of December 31, 1987
-------------------------------------
(the end of the filing period)
------------------------------
<S> <C>
Ernest S. Rady Chairman of the Board
1820 La Jolla Rancho Road
La Jolla, CA 92037
Larry B. Krause President, Director
700-340 12th Ave.
Calgary, Alberta
Canada T2R 1L5
Paul D. Watson Vice President, Director
700-340 12th Ave.
Calgary, Alberta
Canada T2R 1L5
</TABLE>
Page 24 of 29 Pages
<PAGE> 25
<TABLE>
<S> <C>
Richard A.N. Bonnycastle Director
700-340 12th Ave.
Calgary, Alberta
Canada T2R 1L5
Roy McLellan Director
700-340 12th Ave.
Calgary, Alberta
Canada T2R 1L5
Richard M. Shillington Director
700-340 12th Ave.
Calgary, Alberta
Canada T2R 1L5
Robert G. Jennings Director
700-340 12th Ave.
Calgary, Alberta
Canada T2R 1L5
Paul N. Lavelle Director
700-340 12th Ave.
Calgary, Alberta
Canada T2R 1L5
Terry R. Barrows Vice President
700-340 12th Ave.
Calgary, Alberta
Canada T2R 1L5
Allan E. Spurgeon Vice President
700-340 12th Ave.
Calgary, Alberta
Canada T2R 1L5
Robert A. Maitland Controller
700-340 12th Ave.
Calgary, Alberta
Canada T2R 1L5
Jill C. Umbach Secretary
700-340 12th Ave.
Calgary, Alberta
Canada T2R 1L5
</TABLE>
Page 25 of 29 Pages
<PAGE> 26
Western Insurance Holdings, Inc.
<TABLE>
<CAPTION>
Names and Addresses of Officers Title
------------------------------- -----
and Directors as of December 31, 1987
-------------------------------------
(the end of the filing period)
------------------------------
<S> <C> <C>
(a) Western Insurance Holdings, Inc.
Ernest S. Rady Chairman of the Board, President
1820 La Jolla Rancho Road
La Jolla, CA 92037
Richard S. King Secretary, Director
10140 Campus Point Drive
San Diego, CA 92121
Bernard M. Feldman Vice President, Director
10140 Campus Point Drive
San Diego, CA 92121
H. Michael Freet Treasurer, Director
10140 Campus Point Drive
San Diego, CA 92121
</TABLE>
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
ITEM 10. CERTIFICATION.
Not Applicable. Filing is made under Rule 13d-1(c).
Page 26 of 29 Pages
<PAGE> 27
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.
<TABLE>
<S> <C>
Dated: 12/21/95 /s/ ERNEST S. RADY
-------------------- -----------------------------------------------------------
Ernest S. Rady
Dated: 12/21/95 /s/ EVELYN SHIRLEY RADY
-------------------- -----------------------------------------------------------
Evelyn Shirley Rady
American Assets, Inc.
Dated: 12/21/95 /s/ ERNEST S. RADY
-------------------- -----------------------------------------------------------
Ernest S. Rady, Chairman
Avrett Enterprises, Ltd.
Dated: 12/21/95 /s/ EVELYN RADY
-------------------- -----------------------------------------------------------
Evelyn Rady, Vice President
Canadian Securities Corporation, Ltd.
Dated: 12/21/95 /s/ ERNEST S. RADY
-------------------- -----------------------------------------------------------
Ernest S. Rady, President
Canpac Enterprises, Ltd.
Dated: 12/21/95 /s/ ERNEST S. RADY
-------------------- -----------------------------------------------------------
Ernest S. Rady, President
Insurance Company of the West
Dated: 12/21/95 /s/ ERNEST S. RADY
-------------------- -----------------------------------------------------------
Ernest S. Rady, Chairman
</TABLE>
Page 27 of 29 Pages
<PAGE> 28
<TABLE>
<S> <C>
Memrad Holdings, Ltd.
Dated: 12/21/95 By: /s/ ERNEST S. RADY
----------------------- ------------------------------------------------------
Ernest S. Rady, President
Silpit Industries Co., Ltd.
Dated: 12/21/95 By: /s/ EVELYN RADY
----------------------- ------------------------------------------------------
Evelyn Rady, Director
Sorb Holdings, Inc.
Dated: 12/21/95 By: /s/ ERNEST S. RADY
----------------------- ------------------------------------------------------
Ernest S. Rady, President
Summit Resources Limited
Dated: 12/21/95 By: /s/ ERNEST S. RADY
----------------------- ------------------------------------------------------
Ernest S. Rady, Chairman
Western Insurance Holdings, Inc.
Dated: 12/21/95 By: /s/ ERNEST S. RADY
----------------------- ------------------------------------------------------
Ernest S. Rady, President
</TABLE>
Page 28 of 29 Pages
<PAGE> 29
Exhibit A
Organizational Chart of Rady Entities Beneficially
Holding Shares in Westcorp as of December 31, 1987
--------------------------
/ Ernest and Evelyn Rady /
--------------------------
/
--------------------------------------------------------
/ 50% C / / / / /50% C
--- / / / / ------
CSC / / / / Avrett
--- / / / / ------
/ 1% C / / / /
/ / / / 25.9% C / 35.9% C
/ 50.7% C / / / / /
/ / 50% C / / ------
------ / / / ----------- Silpit
Summit ---- / 50% C ------
------ / / /
/ / / / 20.5% C
/ / / /
/ 100% P / / ------
/ / / Canpac
------- ---------------- / ------
Memrad* --------------------------------------------- /
------- / / /
/ 96% P / /-- 30.95% C / 16.74% C
/ / / /
-------- -------------------------- ------
American ------------------------ 52.03% C -------------- Sorb**
-------- ------
/
/ 60% C
/
--------
Westcorp
--------
* Union Assets Ltd. was merged into Memrad Holdings Ltd. effective November 30,
1986.
** Insurance Company of the West and Western Insurance Holdings, Inc. are
subsidiaries of Sorb Holdings, Inc. but no longer hold a direct or indirect
interest in Westcorp.
Page 29 of 29 Pages
