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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. 10 )*
HUMAN GENOME SCIENCES, INC
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
444903108
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(CUSIP Number)
Howard E. Steinberg, Senior Vice President and General Counsel
Reliance Financial Services Corporation
Park Avenue Plaza, 55 East 52nd Street, New York, New York 10055
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
April 9, 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 Rule 13d-1(b)(3) or (4), 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 (section) 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 the
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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CUSIP NO. 444903108 13D
1 NAME OF REPORTING PERSON I.R.S IDENTIFICATION NOS. OF ABOVE PERSONS
(entities only)
RELIANCE FINANCIAL SERVICES CORPORATION
I.R.S. EMPLOYER IDENTIFICATION NO.: 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
1,093,624
NUMBER OF SHARES 8 SHARED VOTING POWER
BENE-
FICIALLY
OWNED BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,093,624
WITH 10 SHARED DISPOSITIVE POWER
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,093,624
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
14 TYPE OF REPORTING PERSON*
HC
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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The following information amends or supplements, as the case may be, the
information previously filed by Reliance Financial Services Corporation
("Reliance Financial") relating to the ownership by its subsidiaries of the
class of securities (the "Security") listed on the cover of this Schedule 13D.
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 outstanding stock of Reliance Insurance Company
("RIC"), a Pennsylvania corporation. RIC and its property and casualty insurance
subsidiaries underwrite a broad range of standard commercial and specialty
commercial lines of property and casualty insurance. All of the capital stock of
Reliance Financial is owned by Reliance Group Holdings, Inc., a Delaware
corporation ("RGH").
Approximately 44.3% of the common voting stock of RGH is owned by Saul P.
Steinberg, members of his family and affiliated trusts. 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, 55 East 52nd Street, New York, New York 10055.
The names, address 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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<TABLE>
<CAPTION>
Name and Business Address Position with Reliance Financial and Principal
------------------------- Occupation
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Saul P. Steinberg Chairman of the Board, Chief
Reliance Group Holdings, Inc. Executive Officer and Director, Reliance
Park Avenue Plaza Financial and RGH
New York, New York 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, New York 10055 the Board and Chief Executive
Officer, RIC
</TABLE>
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<TABLE>
<S> <C>
George E. Bello Executive Vice President,
Reliance Group Holdings, Inc. Controller and Director,
Park Avenue Plaza Reliance Financial and RGH
New York, New York 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, New York 10055
Henry A. Lambert Senior Vice President--Real
Reliance Group Holdings, Inc. Estate Investments and
Park Avenue Plaza Operations, Reliance Financial
New York, New York 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, New York 10055
Philip S. Sherman Senior Vice President--Group
Reliance Group Holdings, Inc. Controller, Reliance Financial
Park Avenue Plaza and RGH
New York, New York 10055
Bruce L. Sokoloff Senior Vice President--
Reliance Group Holdings, Inc. Administration, Reliance
Park Avenue Plaza Financial and RGH
New York, New York 10055
Howard E. Steinberg, Esq. Senior Vice President, General
Reliance Group Holdings, Inc. Counsel and Corporate
Park Avenue Plaza Secretary, Reliance Financial
New York, New York 10055 and RGH
</TABLE>
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<TABLE>
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James E. Yacobucci Senior Vice President--
Reliance Insurance Company Investments and Director,
Park Avenue Plaza Reliance Financial, RGH and RIC
New York, New York 10055
George R. Baker Director, Reliance Financial
3401 North California Avenue and RGH; Corporate
Chicago, Illinois 60618 Director/Advisor various
business enterprises
Dennis A. Busti Director, Reliance Financial
Reliance National and RGH; President and Chief
77 Water Street Executive Officer, Reliance
New York, New York 10005 National, a principal subsidiary of RIC
Dr. Thomas P. Gerrity Director, Reliance Financial
The Wharton School and RGH; Dean, the Wharton
University of Pennsylvania School of the University of
Steinberg Hall- Dietrich Hall Pennsylvania
3620 Locust Walk
Philadelphia, PA 19104
Jewell J. McCabe Director, Reliance Financial
Jewell Jackson McCabe and RGH; President, Jewell
Associates Jackson McCabe Associates,
50 Rockefeller Plaza consultants specializing in planning and communications
Suite 46
New York, New York 10020
Irving Schneider Director, Reliance Financial
Helmsley-Spear, Inc. and RGH; Co-Chairman and Chief
60 East 42nd Street Operations Officer, Helmsley-Spear, Inc., a real estate
New York, New York 10165 management corporation
</TABLE>
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<TABLE>
<S> <C>
Bernard L. Schwartz Director, Reliance Financial
Loral Space & Communications Ltd. and RGH; Chairman of the Board, Chief Executive
600 Third Avenue Officer, Loral Space & Communications Ltd., a
New York, New York 10016 high-technology company concentrating on satellite
manufacturing and satellite-based services, Chairman of
the Board and Chief Executive Officer, Globalstar
Telecommunications, Ltd.
Richard E. Snyder Director, Reliance Financial
Golden Books Family and RGH; Chairman of Golden Books Family Entertainment,
Entertainment, Inc. Inc., a publisher of children's books.
850 Third Avenue
New York, New York 10022
Dr. Bruce E. Spivey Director, Reliance Financial and RGH; President and
Columbia-Cornell Care LLC Chief Executive Officer of Columbia Cornell Care LLC, the
900 Third Avenue, Suite 500 physician organization of the clinical facilities of the
New York, New York 10022 medical schools of Columbia and Cornell Universities
</TABLE>
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.
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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 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 Securities Exchange Act
of 1934, as amended and Rules 13a-1 and 13a-3 thereunder.
ITEM 5. Interest in Securities of the Issuer.
Item 5 is amended as follows:
Below is a list of sales of Securities beneficially owned by Reliance
Financial which were made during the past sixty days. As of the date hereof, the
Securities beneficially owned by Reliance Financial total 1,093,624 shares and,
to the best knowledge of Reliance Financial based on the Issuer's annual report
on Form 10-K for the fiscal year ended December 31, 1997, comprise approximately
4.9% of the Securities outstanding. On April 14, 1998, Reliance Financial ceased
to be the beneficial owner of more than 5% of the Securities outstanding. Of
the 1,093,624 shares beneficially owned by Reliance Financial, 1,033,624
shares are owned directly by RIC and 60,000 shares are owned directly by
Reliance National Insurance Company (Europe) Limited, an insurance subsidiary
of RIC ("U.K. Ltd."). Each of RIC and U.K. Ltd. has sole voting and
dispositive power over all of the shares of the Security directly owned by it.
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Number of Price Per
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Date Company Shares Share
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2/17/98 Reliance Insurance Company 12,900 $45.125
2/17/98 Reliance Insurance Company 13,500 $45.00
2/17/98 Reliance Insurance Company 5,000 $44.50
2/17/98 Reliance Insurance Company 13,600 $44.250
2/18/98 Reliance Insurance Company 5,000 $45.00
2/18/98 Reliance Insurance Company 10,500 $44.625
4/9/98 Reliance Insurance Company 2,500 $39.25
4/9/98 Reliance Insurance Company 15,000 $38.75
4/9/98 Reliance Insurance Company 7,500 $38.625
4/9/98 Reliance Insurance Company 75,000 $38.50
4/13/98 Reliance Insurance Company 40,000 $37.00
4/13/98 Reliance Insurance Company 50,000 $37.50
4/14/98 Reliance Insurance Company 50,000 $36.50
Each of the sales of the Security described in the above table was made
in an ordinary brokerage transaction.
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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: April 14, 1998
RELIANCE FINANCIAL SERVICES CORPORATION
By: /s/ James E. Yacobucci
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James E. Yacobucci
Senior Vice President-Investments
