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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.)*
John Alden Financial Corporation
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(Name of Issuer)
Common Stock, Par Value $0.01 per share
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(Title of Class of Securities)
477838106
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (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.)
*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 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).
(Continued on following page(s))
Page 1 of 5
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Sched. 13G
Page 2 of 5
CUSIP No. 477838106
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1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of above
Persons
Sound Shore Management, Inc.
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / /
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3) SEC Use Only
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4) Citizenship or Place of Organization
Delaware Corporation
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Number of Shares (5) Sole Voting
Beneficially Owned Power 2,078,600
by Each Reporting
Person With -------------------------------------------------
(6) Shared Voting
Power Not applicable
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(7) Sole Dispositive
Power 2,268,600
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(8) Shared Dispositive
Power Not applicable
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9) Aggregate Amount Beneficially Owned
by Each Reporting Person 2,268,600
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10) Check if the Aggregate Amount in Row
(9) Excludes Certain Shares (See Instructions)
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11) Percent of Class Represented by
Amount in Row (9) 9.0%
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12) Type of Reporting Person (See
Instructions) IA
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Sched. 13G
Page 3 of 5
Item 1(a) Name of Issuer
John Alden Financial Corporation
Item 1(b) Address of Issuer's Principal Executive Offices
7300 Corporate Center Drive
Miami, FL 33126-1208
Item 2(a) Name of Person(s) Filing
Sound Shore Management, Inc.
Item 2(b) Address of Principal Business Office or, if none, Residence
8 Sound Shore Drive
Greenwich, CT 06836
Item 2(c) Citizenship
Delaware Corporation
Item 2(d) Title of Class of Securities
Common Stock, Par Value $0.01 per share
Item 2(e) CUSIP Number 477838106
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 sec. 240.13d-1(b)(1)(ii)(F)
(g) ( ) Parent Holding Company, in accordance with 240.13d-1 (b)(ii)(G)
(Note: See Item 7)
(h) ( ) Group, in accordance with 240.13d-1(b)(1)(ii)(H)
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Sched. 13G
Page 4 of 5
Item 4 Ownership
(a) Amount Beneficially Owned: 2,268,600 shares
(b) Percent of Class: 9.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 2,078,600
(ii) shared power to vote or to direct the vote:
Not applicable
(iii) sole power to dispose or to direct the
disposition of: 2,268,600
(iv) shared power to dispose or to direct the disposition of:
Not applicable
Item 5 Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following / /.
Item 6 Ownership of More than Five Percent on Behalf of Another Person
Not applicable
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
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Sched. 13G
Page 5 of 5
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.
January 31, 1997
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Date
/s/ Shanna S. Sullivan
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Signature
Shanna S. Sullivan, Vice President
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Name/Title
