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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. 20)*
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 15, 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. Seess.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)
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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 9,577,888
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Shares Bene-
Ficially by 8. Shared Voting Power
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Owned by Each
Reporting 9. Sole Dispositive Power 9,577,888
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Person With
10. Shared Dispositive Power
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
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9,577,888
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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)
10.8%
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14. Type of Reporting Person (See Instructions)
HC
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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 4. Purpose of Transaction.
Item 4 is supplemented as follows:
Subject to availability and price, Reliance Financial intends to sell within the
next three months up to the amount of the Security permitted to be sold under
Rule 144 of the rules and regulations promulgated under the Securities Act of
1933, as amended.
ITEM 5. Interest in Securities of the Issuer.
Below is a list of sales of Securities beneficially owned by Reliance Financial
which were made within the last 60 days. As of the date hereof, 9,577,888 shares
of the Security are beneficially owned by Reliance Financial and comprise, to
the best knowledge of Reliance Financial, approximately 10.8% of the Securities
outstanding. Of the 9,577,888 shares beneficially owned by Reliance Financial,
8,346,801 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
during the past sixty days, all of which were accomplished through ordinary
brokerage transactions:
Number Price
Date Company of Shares Per Share
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2/15/00 Reliance Insurance Company 1,600 90.875
2/15/00 Reliance Insurance Company 29,400 90.75
2/15/00 Reliance Insurance Company 69,000 90.625
2/15/00 Reliance Insurance Company 100,000 90.50
2/15/00 Reliance Insurance Company 800 90.0625
2/15/00 Reliance Insurance Company 65,400 90.00
2/15/00 Reliance Insurance Company 600 89.9375
2/15/00 Reliance Insurance Company 107,700 89.75
2/15/00 Reliance Insurance Company 500 89.6875
2/15/00 Reliance Insurance Company 25,000 89.625
2/15/00 Reliance Insurance Company 100,000 89.50
2/15/00 Reliance Insurance Company 600 89.125
2/15/00 Reliance Insurance Company 10,000 89.00
2/15/00 Reliance Insurance Company 25,000 87.875
2/15/00 Reliance Insurance Company 3,300 87.75
2/15/00 Reliance Insurance Company 100,000 87.50
2/15/00 Reliance Insurance Company 1,000 87.25
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Number Price
Date Company of Shares Per Share
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2/15/00 Reliance Insurance Company 2,800 87.125
2/15/00 Reliance Insurance Company 1,400 87.0625
2/15/00 ` Reliance Insurance Company 225,600 87.00
2/16/00 Reliance Insurance Company 29,700 87.00
2/17/00 Reliance Insurance Company 800 87.1875
2/17/00 Reliance Insurance Company 99,800 87.00
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
0.1% 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 0.01% 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 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
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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 17, 2000
RELIANCE FINANCIAL SERVICES CORPORATION
By: /s/ James E. Yacobucci
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James E. Yacobucci
Senior Vice President-Investments
