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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 18)*
SYMBOL TECHNOLOGIES, INC.
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(Name of Issuer)
Common Stock, $.01 Par Value
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(Title of Class of Securities)
87150810
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(CUSIP Number)
Howard E. Steinberg, Senior Vice President and General Counsel
Reliance Financial Services Corporation
Park Avenue Plaza, New York, New York 10055 (212) 909-1100
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
See Item 5
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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 Rule 13d-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 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).
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SCHEDULE 13D
CUSIP No. 87150810 Page 2 of 7 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Reliance Financial Services Corporation
IRS Employer's Identification Number: 51-0113548
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
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) [X]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
7 SOLE VOTING POWER
NUMBER OF 3,568,634
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 3,568,634
10 SHARED DISPOSITIVE POWER
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,568,634
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
14 TYPE OF REPORTING PERSON*
HC
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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The following information restates or supplements, as indicated,
the information in the Schedule 13D and amendments thereto previously filed
by Reliance Financial Services Corporation ("Reliance Financial") relating to
its ownership of the class of securities listed on the cover of this
Amendment (the "Security").
ITEM 1. Security and Issuer.
Item 1 is restated in its entirety to read as follows:
This statement relates to the Common Stock, $.01 par value per
share (the "Security") of Symbol Technologies, Inc. (the "Issuer"), whose
principal executive offices are located at 116 Wilbur Place, Bohemia, NY
11716.
ITEM 2. Identity and Background.
Item 2 is restated in its entirety to read as follows:
This statement is filed by Reliance Financial, a Delaware
corporation. Reliance Financial owns all of the common stock of Reliance
Insurance Company ("RIC"), a Pennsylvania corporation. RIC and its property
and casualty insurance subsidiaries and its title insurance subsidiaries
underwrite a broad range of standard commercial and specialty commercial
lines of property and casualty insurance, as well as title insurance. All of
the common stock of Reliance Financial is owned by Reliance Group Holdings,
Inc., a Delaware corporation ("RGH").
Approximately 47.1% of the common voting stock of RGH is owned by
Saul P. Steinberg, members of his family and an affiliated trust. As a
result of his stock holdings in RGH, Saul P. Steinberg may be deemed to
control RGH.
The principal executive offices of each of Reliance Financial and
RGH are located at Park Avenue Plaza, New York, New York 10055.
The names, addresses and principal occupations of the directors and
executive officers of Reliance Financial, all of whom are United States
citizens, are as follows:
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Position with Reliance Financial
and
Name and Business Address Principal Occupation
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Saul P. Steinberg Chairman of the Board, Chief
Reliance Group Holdings, Inc. Executive Officer and Director,
Park Avenue Plaza Reliance Financial and RGH
New York, NY 10055
Robert M. Steinberg President, Chief Operating
Reliance Group Holdings, Inc. Officer and Director, Reliance
Park Avenue Plaza Financial and RGH; Chairman of
New York, NY 10055 the Board and Chief Executive
Officer, RIC
George E. Bello Executive Vice President,
Reliance Group Holdings, Inc. Controller and Director,
Park Avenue Plaza Reliance Financial and RGH
New York, NY 10055
Lowell C. Freiberg Senior Vice President, Chief
Reliance Group Holdings, Inc. Financial Officer and Director,
Park Avenue Plaza Reliance Financial and RGH
New York, NY 10055
Henry A. Lambert Senior Vice President--Real
Reliance Group Holdings, Inc. Estate Investments and
Park Avenue Plaza Operations, Reliance Financial
New York, NY 10055 and RGH; President and Chief
Executive Officer, Reliance
Development Group, Inc.
Dennis J. O'Leary Senior Vice President--Taxes,
Reliance Group Holdings, Inc. Reliance Financial and RGH
Park Avenue Plaza
New York, NY 10055
Fred M. Schriever Senior Vice President, Reliance
RCG International, Inc. Financial and RGH; Chairman of
111 West 40th Street the Board and President, RCG
New York, NY 10018 International, Inc.
Philip S. Sherman Senior Vice President--Group
Reliance Group Holdings, Inc. Controller, Reliance Financial
Park Avenue Plaza and RGH
New York, NY 10055
Bruce L. Sokoloff Senior Vice President--
Reliance Group Holdings, Inc. Administration, Reliance
Park Avenue Plaza Financial and RGH
New York, NY 10055
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Position with Reliance Financial
and
Name and Business Address Principal Occupation
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Howard E. Steinberg, Esq. Senior Vice President, General
Reliance Group Holdings, Inc. Counsel and Corporate Secretary,
Park Avenue Plaza Reliance Financial and RGH
New York, NY 10055
James E. Yacobucci Senior Vice President--
Reliance Insurance Company Investments and Director,
Park Avenue Plaza Reliance Financial, RGH and RIC
New York, NY 10055
George R. Baker Director, Reliance Financial and
WMS Industries RGH; Corporate Director/Advisor
3401 North California Avenue various business enterprises
Chicago, Illinois 60618
Carter Burden Director, Reliance Financial and
William A. M. Burden & Co. RGH; General Partner, William A.
10 East 53rd Street M. Burden & Co.; Chairman of the
New York, NY 10022 Board, CRB Broadcasting Corp.
Dennis A. Busti Director, Reliance Financial and
Reliance National RGH; President and Chief
Risk Specialists, Inc. Executive Officer, Reliance
77 Water Street National Risk Specialists, Inc.
New York, NY 10005
Dean W. Case Director, Reliance Financial and
Reliance Insurance Company RGH
4 Penn Center Plaza
Philadelphia, PA l9l03
Dr. Thomas P. Gerrity Director, Reliance Financial and
The Wharton School RGH; Dean, The Wharton School of
University of Pennsylvania the University of Pennsylvania
Steinberg Hall-Dietrich Hall
3620 Locust Walk
Philadelphia, PA 19104
Jewell J. McCabe Director, Reliance Financial and
Jewell Jackson McCabe RGH; President, Jewell Jackson
Associate McCabe Associates
50 Rockefeller Plaza
Suite 46
New York, NY 10020
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Position with Reliance Financial
and
Name and Business Address Principal Occupation
- ------------------------- --------------------------------
Irving Schneider Director, Reliance Financial and
Helmsley-Spear, Inc. RGH; Executive Vice President,
60 East 42nd Street Helmsley-Spear, Inc.
New York, NY 10165
Bernard L. Schwartz Director, Reliance Financial and
Loral Corporation RGH; Chairman of the Board,
600 Third Avenue President and Chief Executive
New York, NY 10016 Officer, Loral Corp.
Richard E. Snyder Director, Reliance Financial and
c/o MacMillan Publishing RGH
866 Third Avenue
New York, NY 10022
Thomas J. Stanton, Jr. Director, Reliance Financial and
240 South Mountain Avenue RGH
Montclair, NJ 07042
Neither Reliance Financial nor, to the best of its knowledge, any
other person named in this Item 2 has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) nor, except as set forth below, been party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and
as a result of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, Federal or state securities laws or finding any
violation with respect to such laws.
On February 17, 1994, in settlement of an administrative proceeding
concerning the accounting treatment for certain transactions in 1986 in the
fixed income portfolio of RIC, without admitting or denying the allegations
against it, RGH agreed to the entry of an order by the Securities and
Exchange Commission that RGH cease and desist from committing or causing any
violation, and from committing or causing any future violation of, Section
13(a) of the Exchange Act and Rules 13a-1 and 13a-3 thereunder.
ITEM 5. Interest in Securities of the Issuer.
No change except as follows:
According to the Issuer's 10Q for the three month period ended
September 30, 1994, the number of shares of the Security outstanding has
increased to 25,192,000. As a result, the Securities beneficially owned by
Reliance Financial, which total 3,568,634 shares, to the best knowledge of
Reliance Financial, comprise approximately 14.2% of the Securities
outstanding. Of the 3,568,634 shares beneficially owned by Reliance Financial,
2,870,534 shares are owned directly by RIC, 500,000 shares are owned directly by
United Pacific Insurance Company, an insurance subsidiary of RIC, and 198,100
shares are owned directly by Reliance National Indemnity Company, an insurance
subsidiary of RIC. Each of the corporations listed above has sole voting and
dispositive power over all of the shares directly owned by it.
To the best knowledge of Reliance Financial, Mr. Saul P. Steinberg
beneficially owns 10,000 shares of the Security (based upon the assumed exercise
of warrants beneficially owned by him), representing approximately .04% of the
Securities outstanding and Mr. Lowell C. Freiberg beneficially owns 35,000
shares of the Security (based upon the assumed exercise of warrants beneficially
owned by him), representing approximately .14% of the Securities outstanding.
Each of Messrs. Steinberg and Freiberg have sole voting and dispositive power
over the shares of the Security owned by him.
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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.
Dated: February 24, 1995
RELIANCE FINANCIAL SERVICES CORPORATION
By: /s/James E.Yacobucci
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James E. Yacobucci
Senior Vice President Investments
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