<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 23)*
SYMBOL TECHNOLOGIES, INC.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 Par Value
--------------------------------------------------------------------------------
(Title of Class of Securities)
871508107
--------------------------------------------------------------------------------
(CUSIP Number)
Paul W. Zeller, Senior Vice President and General Counsel
Reliance Financial Services Corporation
Park Avenue Plaza, 55 East 52nd Street, New York, New York 10055
(212) 909-1100
------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
May 26, 2000
--------------------------------------------------------------------------------
(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.
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 871508107.............................
-------------------------------------------------------------------------------------------------------
<S> <C>
1. Names of Reporting Persons. Reliance Financial Services Corporation
I.R.S. Identification Nos. of above persons (entities only). 51-0113548
-------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)....................................................................................
(b)....................................................................................
-------------------------------------------------------------------------------------------------------
3. SEC Use Only..................................................................................
-------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions)
-------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
X
-------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
-------------------------------------------------------------------------------------------------------
Number of 7. Sole Voting Power 9,559,370
----------------------------------------------------------------------------------
Shares Bene-
Ficially by 8. Shared Voting Power
----------------------------------------------------------------------------------
Owned by Each
Reporting 9. Sole Dispositive Power 9,559,370
----------------------------------------------------------------------------------
Person With
10. Shared Dispositive Power
-------------------- ----------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person 9,559,370
-------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
13. Percent of Class Represented by Amount in Row (11)........................
7%
-------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
.............................................HC..........................................
.........................................................................................
.........................................................................................
-------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
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 2. Identity and Background.
Item 2 is amended to read in its entirety 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 (the "Reliance Insurance Group") underwrite a broad range of
commercial line property and casualty insurance and also underwrite personal
automobile coverage. All of the capital stock of Reliance Financial is owned by
Reliance Group Holdings, Inc., a Delaware corporation ("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:
<PAGE>
<TABLE>
<CAPTION>
Position with Reliance Financial and
Name and Business Address Principal Occupation
------------------------- --------------------
<S> <C>
Saul P. Steinberg
Reliance Group Holdings, Inc. Chairman of the Board of Directors, Reliance Financial
Park Avenue Plaza and RGH.
New York, New York 10055
Robert M. Steinberg Vice Chairman of the Board of Directors, Reliance
Reliance Group Holdings, Inc. Financial and RGH.
Park Avenue Plaza
New York, New York 10055
George R. Baker President, Chief Executive Officer and Director,
Reliance Group Holdings, Inc. Reliance Financial and RGH.
Park Avenue Plaza
New York, New York 10055
George E. Bello Executive Vice President, Controller and Director,
Reliance Group Holdings, Inc. Reliance Financial and RGH.
Park Avenue Plaza
New York, New York 10055
Lowell C. Freiberg Executive Vice President, Chief Financial Officer and
Reliance Group Holdings, Inc. Director, Reliance Financial and RGH.
Park Avenue Plaza
New York, New York 10055
Howard E. Steinberg Executive Vice President, Chief of Corporate
Reliance Group Holdings, Inc. Operations, and Director, Reliance Financial and RGH.
Park Avenue Plaza
New York, New York 10055
</TABLE>
<PAGE>
<TABLE>
<S> <C>
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
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
Paul W. Zeller Senior Vice President,
Reliance Group Holdings, Inc. General Counsel and Corporate Secretary,
Park Avenue Plaza Reliance Financial and RGH.
New York, New York 10055
Dr. Thomas P. Gerrity Director, Reliance Financial
The Wharton School and RGH; Professor of Management, the Wharton School of
University of Pennsylvania the University of Pennsylvania.
3205 Steinberg Hall- Dietrich Hall
Philadelphia, PA 19104
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Jewell J. McCabe Director, Reliance Financial
211 East 70th Street, #30F and RGH.; President and Chief Executive Officer, Jewell
New York, New York 10020 Jackson McCabe Associates, a consulting company
specializing in strategic planning and communications.
Irving Schneider Director, Reliance Financial
Helmsley-Spear, Inc. and RGH; Co-Chairman and Chief
60 East 42nd Street Operating Officer, Helmsley-Spear, Inc., a real estate
New York, New York 10165 management corporation.
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-based services, Chairman of the Board and
Chief Executive Officer, Globalstar Telecommunications,
Ltd.
Richard E. Snyder Director, Reliance Financial and RGH; Chairman and Chief
Golden Books Family Executive Officer of Golden Books Family Entertainment,
Entertainment, Inc. Inc., a publisher of children's books.
888 Seventh Avenue
New York, New York 10106
Bruce E. Spivey Director, Reliance Financial and RGH; Until May 2000,
One Beekman Place President and Chief Executive Officer, Columbia-Cornell
New York, New York 10022 Care LLC, the physician organization of the clinical
faculties of the medical schools of Columbia and Cornell
Universities.
</TABLE>
<PAGE>
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 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.
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, 9,559,370 shares of the Security are beneficially owned by Reliance
Financial and comprise, to the best knowledge of Reliance Financial,
approximately 7% of the Securities outstanding. RIC has sole voting and
dispositive power over the Securities beneficially owned by Reliance Financial.
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:
Number of Price
Date Company Shares Per Share
---- ------- ------ ---------
3/14/00 United Pacific Insurance Company 5,000 99.5000
3/16/00 United Pacific Insurance Company 1,800 95.4375
3/16/00 United Pacific Insurance Company 23,200 95.1875
5/2/00 United Pacific Insurance Company 8,700 56.9375
5/2/00 United Pacific Insurance Company 100 56.6875
5/2/00 United Pacific Insurance Company 1,000 56.6250
5/2/00 United Pacific Insurance Company 9,700 56.5000
5/2/00 United Pacific Insurance Company 30,500 56.2500
5/3/00 United Pacific Insurance Company 14,100 54.5000
5/4/00 United Pacific Insurance Company 400 55.0625
5/4/00 United Pacific Insurance Company 2,100 55.1875
5/4/00 United Pacific Insurance Company 9,500 55.0000
5/4/00 United Pacific Insurance Company 5,500 54.8750
5/4/00 United Pacific Insurance Company 9,000 55.3125
5/4/00 United Pacific Insurance Company 4,200 55.1250
5/4/00 United Pacific Insurance Company 600 55.5000
5/4/00 United Pacific Insurance Company 400 55.7500
5/4/00 United Pacific Insurance Company 2,000 55.5625
5/4/00 United Pacific Insurance Company 4,400 55.4375
5/4/00 United Pacific Insurance Company 4,200 54.7500
5/4/00 United Pacific Insurance Company 400 55.6250
5/4/00 United Pacific Insurance Company 4,200 53.8125
5/4/00 United Pacific Insurance Company 4,100 54.1250
5/4/00 United Pacific Insurance Company 37,500 54.0000
5/4/00 United Pacific Insurance Company 91,200 53.6250
5/4/00 United Pacific Insurance Company 1,600 53.6875
5/4/00 United Pacific Insurance Company 4,600 53.7500
5/4/00 United Pacific Insurance Company 7,700 53.8750
5/4/00 United Pacific Insurance Company 7,200 53.9375
5/5/00 United Pacific Insurance Company 100 54.2500
5/5/00 United Pacific Insurance Company 5,400 54.0000
5/19/00 United Pacific Insurance Company 14,900 42.8750
5/19/00 United Pacific Insurance Company 100 44.3750
5/19/00 United Pacific Insurance Company 2,500 42.2500
5/19/00 United Pacific Insurance Company 153,700 42.0000
5/19/00 United Pacific Insurance Company 9,000 43.7500
5/19/00 United Pacific Insurance Company 12,200 43.6250
5/22/00 United Pacific Insurance Company 34,100 44.2500
5/22/00 United Pacific Insurance Company 7,000 44.3125
5/22/00 United Pacific Insurance Company 8,900 43.7500
5/22/00 United Pacific Insurance Company 5,000 42.3750
5/22/00 United Pacific Insurance Company 10,000 42.0000
5/22/00 United Pacific Insurance Company 6,700 41.0000
5/22/00 United Pacific Insurance Company 800 41.1250
5/22/00 United Pacific Insurance Company 3,000 41.2500
5/22/00 United Pacific Insurance Company 800 41.3125
5/22/00 United Pacific Insurance Company 500 41.1875
5/22/00 United Pacific Insurance Company 800 39.1875
5/22/00 United Pacific Insurance Company 36,800 39.0000
5/22/00 United Pacific Insurance Company 6,100 39.3125
5/22/00 United Pacific Insurance Company 1,500 39.5625
5/22/00 United Pacific Insurance Company 7,500 39.6875
5/22/00 United Pacific Insurance Company 2,000 39.8125
5/22/00 United Pacific Insurance Company 3,000 39.8750
5/22/00 United Pacific Insurance Company 23,500 40.0625
5/22/00 United Pacific Insurance Company 2,500 39.6250
<PAGE>
5/22/00 United Pacific Insurance Company 15,100 40.0000
5/22/00 United Pacific Insurance Company 9,000 40.5625
5/22/00 United Pacific Insurance Company 8,200 40.3125
5/22/00 United Pacific Insurance Company 4,400 39.1250
5/22/00 United Pacific Insurance Company 2,800 39.3750
5/23/00 Reliance National Indemnity Company 3,000 40.2500
5/23/00 Reliance National Indemnity Company 5,200 40.3750
5/23/00 Reliance National Indemnity Company 2,500 40.6250
5/23/00 Reliance National Indemnity Company 14,900 40.1250
5/23/00 Reliance National Indemnity Company 2,100 40.0625
5/23/00 Reliance National Indemnity Company 22,500 39.7500
5/23/00 Reliance National Indemnity Company 35,300 39.9375
5/23/00 Reliance National Indemnity Company 29,200 40.0000
5/23/00 Reliance National Indemnity Company 50,100 39.8750
5/23/00 Reliance National Indemnity Company 10,000 40.5000
5/23/00 Reliance National Indemnity Company 300 40.8125
5/23/00 Reliance National Indemnity Company 3,100 40.7500
5/23/00 Reliance National Indemnity Company 5,000 40.5625
5/23/00 Reliance National Indemnity Company 1,600 40.1875
5/25/00 Reliance National Indemnity Company 5,000 41.7500
5/25/00 Reliance National Indemnity Company 10,000 41.5000
5/25/00 Reliance National Indemnity Company 5,500 41.1250
5/25/00 Reliance National Indemnity Company 17,500 41.6250
5/25/00 Reliance National Indemnity Company 200 41.4375
5/25/00 Reliance National Indemnity Company 8,500 41.2500
5/25/00 Reliance National Indemnity Company 9,500 41.0000
5/25/00 Reliance National Indemnity Company 300 41.3125
5/25/00 Reliance National Indemnity Company 6,000 41.3750
5/25/00 Reliance National Indemnity Company 2,800 41.8750
5/25/00 Reliance National Indemnity Company 5,300 42.0000
5/25/00 Reliance National Indemnity Company 1,700 42.2500
5/25/00 Reliance National Indemnity Company 500 41.6875
5/26/00 United Pacific Insurance Company 14,500 40.7500
5/26/00 United Pacific Insurance Company 8,000 40.5000
5/26/00 United Pacific Insurance Company 1,500 40.6250
5/26/00 United Pacific Insurance Company 7,380 40.3125
5/26/00 Reliance National Indemnity Company 11,220 40.3125
5/26/00 Reliance National Indemnity Company 26,300 40.2500
5/26/00 Reliance National Indemnity Company 42,500 40.0000
5/26/00 Reliance National Indemnity Company 35,100 40.1250
5/26/00 Reliance National Indemnity Company 1,800 40.4375
5/26/00 Reliance National Indemnity Company 1,700 40.3750
5/30/00 Reliance National Indemnity Company 30,000 40.6250
5/30/00 Reliance National Indemnity Company 20,000 40.8750
5/30/00 Reliance National Indemnity Company 2,700 41.3750
5/30/00 Reliance National Indemnity Company 2,300 41.2500
5/30/00 Reliance National Indemnity Company 400 41.5000
5/30/00 Reliance National Indemnity Company 124,900 42.5000
5/30/00 Reliance National Indemnity Company 2,500 42.2500
5/30/00 Reliance National Indemnity Company 200 42.5625
5/30/00 Reliance National Indemnity Company 1,800 42.3125
5/30/00 Reliance National Indemnity Company 52,800 42.0000
5/30/00 Reliance National Indemnity Company 10,100 42.0625
5/30/00 Reliance National Indemnity Company 123,900 43.0000
5/30/00 Reliance National Indemnity Company 29,300 43.0625
5/30/00 Reliance National Indemnity Company 7,200 42.9375
5/30/00 Reliance National Indemnity Company 13,000 43.8750
5/30/00 Reliance National Indemnity Company 1,200 43.7500
<PAGE>
5/30/00 Reliance National Indemnity Company 61,200 42.7500
5/30/00 Reliance National Indemnity Company 700 42.4375
5/30/00 Reliance National Indemnity Company 2,400 43.5000
5/30/00 Reliance National Indemnity Company 3,100 43.3750
5/30/00 Reliance National Indemnity Company 1,100 43.3125
5/30/00 Reliance National Indemnity Company 14,400 43.1250
5/30/00 Reliance National Indemnity Company 2,100 43.2500
5/30/00 Reliance National Indemnity Company 400 43.6250
5/30/00 Reliance National Indemnity Company 2,600 43.4375
5/30/00 Reliance National Indemnity Company 1,100 43.5625
5/30/00 Reliance National Indemnity Company 1,600 43.1875
5/30/00 Reliance National Indemnity Company 200 42.8750
5/30/00 Reliance National Indemnity Company 200 42.6875
5/31/00 Reliance National Indemnity Company 32,160 42.7500
5/31/00 Reliance National Indemnity Company 5,500 43.0000
5/31/00 Reliance National Indemnity Company 2,500 42.8750
5/31/00 Reliance National Indemnity Company 800 42.9375
5/31/00 Reliance National Indemnity Company 4,200 43.0625
5/31/00 Reliance National Indemnity Company 13,700 43.1875
5/31/00 Reliance National Indemnity Company 2,000 44.0000
5/31/00 Reliance National Indemnity Company 4,100 43.8125
5/31/00 Reliance National Indemnity Company 4,500 43.8750
5/31/00 Reliance National Indemnity Company 2,700 44.1250
5/31/00 Reliance National Indemnity Company 600 43.7500
5/31/00 Reliance National Indemnity Company 1,200 42.8125
5/31/00 Reliance National Indemnity Company 7,500 42.6250
5/31/00 Reliance National Indemnity Company 6,800 42.6875
5/31/00 Reliance National Indemnity Company 6,400 43.6875
5/31/00 Reliance National Indemnity Company 18,600 43.4375
<PAGE>
To the best knowledge of Reliance Financial, Mr. Lowell C. Freiberg beneficially
owns 145,684 shares of the Security (74,529 of which are based upon the assumed
exercise of stock options beneficially owned by him), representing approximately
.11% of the Securities outstanding and Mr. Saul P. Steinberg beneficially owns
16,875 shares of the Security (based upon the assumed exercise of stock options
beneficially owned by him), 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.
<PAGE>
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: June 1, 2000
RELIANCE FINANCIAL SERVICES CORPORATION
By: /s/ James E. Yacobucci
-------------------------------------
James E. Yacobucci
Senior Vice President-Investments
