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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. 21)*
SYMBOL TECHNOLOGIES, INC.
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(Name of Issuer)
Common Stock, $.01 Par Value
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(Title of Class of Securities)
871508107
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(CUSIP Number)
Howard E. Steinberg, Executive Vice President and General Counsel
Reliance Financial Services Corporation
Park Avenue Plaza, 55 East 52nd Street, 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)
February 25, 2000
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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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.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 ss.240.13d-7 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).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
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CUSIP No. 871508107.............................
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1. Names of Reporting Persons. Reliance Financial Services Corporation
I.R.S. Identification Nos. of above persons (entities only). 51-0113548
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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. Source of Funds (See Instructions)
WC
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
X
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6. Citizenship or Place of Organization
Delaware
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Number of 7. Sole Voting Power 8,577,888
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Shares Bene-
Ficially by 8. Shared Voting Power
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Owned by Each
Reporting 9. Sole Dispositive Power 8,577,888
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Person With
10. Shared Dispositive Power
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11. Aggregate Amount Beneficially Owned by Each
Reporting Person 8,577,888
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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13. Percent of Class Represented by Amount in Row (11)
9.69%
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14. Type of Reporting Person (See Instructions)
HC
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ITEM 1. Security and Issuer.
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 5. Interest in Securities of the Issuer.
Below is a list of sales of Securities beneficially owned by Reliance Financial
which were made since the most recent filing on Schedule 13D. As of the date
hereof, 8,577,888 shares of the Security are beneficially owned by Reliance
Financial and comprise, to the best knowledge of Reliance Financial,
approximately 9.69% of the Securities outstanding. Of the 8,577,888 shares
beneficially owned by Reliance Financial, 7,346,801 shares are owned directly by
RIC, 668,587 shares are owned directly by Reliance National Indemnity Company,
an insurance subsidiary of RIC, and 562,500 shares are owned directly by United
Pacific Insurance 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.
Below is a list of sales of Securities beneficially owned by Reliance Financial
since the most recent filing on Schedule 13D, all of which were accomplished
through ordinary brokerage transactions:
<TABLE>
<CAPTION>
Number of Price
Date Company Shares Per Share
<S> <C> <C> <C>
2/24/00 Reliance Insurance Company 2,000 82.25
2/24/00 Reliance Insurance Company 48,000 81.625
2/24/00 Reliance Insurance Company 150,000 81.25
2/25/00 Reliance Insurance Company 77,500 81.50
2/25/00 Reliance Insurance Company 22,000 81.5625
2/25/00 Reliance Insurance Company 200 81.625
2/25/00 Reliance Insurance Company 300 81.6875
2/25/00 Reliance Insurance Company 264,500 82.00
2/25/00 Reliance Insurance Company 3,800 82.1875
2/25/00 Reliance Insurance Company 10,800 82.25
2/25/00 Reliance Insurance Company 20,900 82.375
2/25/00 Reliance Insurance Company 29,500 85.00
2/25/00 Reliance Insurance Company 20,000 85.0625
2/25/00 Reliance Insurance Company 500 85.1875
2/25/00 Reliance Insurance Company 28,000 87.1250
2/25/00 Reliance Insurance Company 44,500 87.25
2/25/00 Reliance Insurance Company 27,500 87.375
2/25/00 Reliance Insurance Company 50,000 87.75
2/25/00 Reliance Insurance Company 38,600 88.50
2/25/00 Reliance Insurance Company 7,400 88.5625
2/25/00 Reliance Insurance Company 1,600 88.625
</TABLE>
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Number of Price
Date Company Shares Per Share
2/25/00 Reliance Insurance Company 2,400 88.6875
2/25/00 Reliance Insurance Company 41,800 88.00
2/25/00 Reliance Insurance Company 8,200 88.125
2/25/00 Reliance Insurance Company 5,800 89.50
2/25/00 Reliance Insurance Company 2,700 90.00
2/25/00 Reliance Insurance Company 2,400 90.25
2/25/00 Reliance Insurance Company 600 90.875
2/25/00 Reliance Insurance Company 5,100 91.00
2/25/00 Reliance Insurance Company 4,900 91.625
2/28/00 Reliance Insurance Company 63,200 90.00
2/28/00 Reliance Insurance Company 8,400 90.0625
2/28/00 Reliance Insurance Company 3,200 90.125
2/28/00 Reliance Insurance Company 1,500 90.1875
2/28/00 Reliance Insurance Company 2,200 90.25
To the best knowledge of Reliance Financial, Mr. Lowell C. Freiberg beneficially
owns 91,498 shares of the Security (44,061 of which are based upon the assumed
exercise of stock options beneficially owned by him), representing approximately
.1% of the Securities outstanding and Mr. Saul P. Steinberg beneficially owns
5,625 shares of the Security (based upon the assumed exercise of stock options),
representing less than .01% of the Securities outstanding. Each of Mr. Freiberg
and Mr. Steinberg has sole voting and dispositive power over the shares of the
Security owned by him. To the best knowledge of Reliance Financial, the other
persons named in Item 2 hereof do not own in the aggregate more than 5,000
shares of the Security.
To Reliance Financial's knowledge, none of the other persons named in Item 2
hereof has effected any transaction in the Security during the 60 days preceding
the date of this filing.
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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.
Dated: February 29, 2000
RELIANCE FINANCIAL SERVICES CORPORATION
By: /s/ James E. Yacobucci
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James E. Yacobucci
Senior Vice President-Investments
