UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Cambio, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
13200N-10-0
- --------------------------------------------------------------------------------
(CUSIP Number)
- --------------------------------------------------------------------------------
Joseph B. Wollard, Esq.
Citigroup Inc.
425 Park Avenue, 3rd Floor
New York, NY 10043
(212) 793-7167
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
March 30, 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. 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
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).
<PAGE>
- --------------------------------- ----------------------------
CUSIP No. 13200N-10-0 Page 1 of 12 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Travelers Insurance Company ("TIC")
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
[ ]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 2,640,000
EACH ----------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------------------------
10) SHARED DISPOSITIVE POWER
2,640,000
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,640,000
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.6%
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14) TYPE OF REPORTING PERSON*
IC
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* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
- --------------------------------- ----------------------------
CUSIP No. 13200N-10-0 Page 2 of 12 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Travelers Insurance Group Inc. ("TIGI")
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
[ ]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 2,640,000**
EACH ----------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------------------------
10) SHARED DISPOSITIVE POWER
2,640,000**
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,640,000**
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.6%**
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
** Represents shares of Class A Common Stock ("Common Stock") directly
beneficially owned by TIC
<PAGE>
- --------------------------------- ----------------------------
CUSIP No. 13200N-10-0 Page 3 of 12 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PFS Services, Inc. ("PFS")
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
[ ]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Georgia
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 2,640,000**
EACH ----------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------------------------
10) SHARED DISPOSITIVE POWER
2,640,000**
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,640,000**
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.6%**
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
** Represents shares of Common Stock directly beneficially owned by TIC
<PAGE>
- --------------------------------- ----------------------------
CUSIP No. 13200N-10-0 Page 4 of 12 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Associated Madison Companies, Inc ("Associated Madison")
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
[ ]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 2,640,000**
EACH ----------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------------------------
10) SHARED DISPOSITIVE POWER
2,640,000**
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,640,000**
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.6%**
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
** Represents shares of Common Stock directly beneficially owned by TIC
<PAGE>
- --------------------------------- ----------------------------
CUSIP No. 13200N-10-0 Page 5 of 12 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Citigroup Inc. ("Citigroup")
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
[ ]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 2,650,000**
EACH ----------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------------------------
10) SHARED DISPOSITIVE POWER
2,650,000**
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,650,000**
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.7%**
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
** Represents shares of Common Stock directly beneficially owned by TIC and
other subsidiaries of Citigroup Inc.
<PAGE>
This Amendment No.2 to a Schedule 13D filed on March 16, 2000 as amended
by Amendent No.1 filed on March 28, 2000 relates to the Class A Common Stock
("Common Stock") of Cambio, Inc., a Delaware corporation ("Cambio" or the
"Company"). Information contained in the original Schedule 13D remains in effect
except to the extent that it is superseded by subsequently filed information,
including the information contained in this Amendment No. 2. Information given
in response to each item shall be deemed incorporated by reference in all other
items. Terms used and not defined herein have the meaning ascribed to them in
said Schedule 13D.
The response to Item 5 of the Schedule 13D is hereby amended and supplemented as
follows:
Item 5. Interest in Securities of the Issuer.
TIC
- ---
The table below contains information about all conversions of and
transactions in the Issuer's securities by TIC between March 28, 2000 and
March 30, 2000.
<TABLE>
<CAPTION>
- ------------------------- ------------------- -------------- ------------------ ------------------ ----------------------
Title of security Transaction Trade Date Number of Shares Conversion Amount of Common
Rate/Price Per Stock Directly Owned
Share After Transaction
- ------------------------- ------------------- -------------- ------------------ ------------------ ----------------------
<S> <C> <C> <C> <C> <C>
- ------------------------- ------------------- -------------- ------------------ ------------------ ----------------------
Common Stock Sale 3/28/2000 200,000 $1.0207 2,800,000
- ------------------------- ------------------- -------------- ------------------ ------------------ ----------------------
Common Stock Sale 3/29/2000 150,000 $1.0583 2,650,000
- ------------------------- ------------------- -------------- ------------------ ------------------ ----------------------
Common Stock Sale 3/30/2000 10,000 $1.00 2,640,000
- ------------------------- ------------------- -------------- ------------------ ------------------ ----------------------
</TABLE>
Page 6
of 12 pages
<PAGE>
The following information is being provided as of March 30, 2000 with
respect to TIC's direct beneficial ownership of the Issuer's Common Stock.
(a) Amount Beneficially Owned: 2,640,000
(b) Percent of Class: 13.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct
the vote ........................ 0
(ii) shared power to vote or direct
the vote ........................ 2,640,000
(iii) sole power to dispose or to direct
the disposition of............... 0
(iv) shared power to dispose or to direct
the disposition of............... 2,640,000
TIGI
----
TIGI is the parent company of TIC. The following information is being
provided as of March 30, 2000 with respect to TIGI's indirect beneficial
ownership of the Issuer's Common Stock.
(a) Amount Beneficially Owned: 2,640,000
(b) Percent of Class: 13.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct
the vote ........................ 0
(ii) shared power to vote or direct
the vote ........................ 2,640,000
(iii) sole power to dispose or to direct
the disposition of............... 0
Page 7
of 12 pages
<PAGE>
(iv) shared power to dispose or to direct
the disposition of............... 2,640,000
PFS
---
PFS is the parent company of TIGI. The following information is being
provided as of March 30, 2000 with respect to PFS's indirect beneficial
ownership of the Issuer's Common Stock.
(a) Amount Beneficially Owned: 2,640,000
(b) Percent of Class: 13.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct
the vote ........................ 0
(ii) shared power to vote or direct
the vote ........................ 2,640,000
(iii) sole power to dispose or to direct
the disposition of............... 0
(iv) shared power to dispose or to direct
the disposition of............... 2,640,000
Associated Madison
------------------
Associated Madison is the parent company of PFS. The following information
is being provided as of March 30, 2000 with respect to Associated
Madison's indirect beneficial ownership of the Issuer's Common Stock.
(a) Amount Beneficially Owned: 2,640,000
(b) Percent of Class: 13.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct
the vote ........................ 0
Page 8
of 12 pages
<PAGE>
(ii) shared power to vote or direct
the vote ........................ 2,640,000
(iii) sole power to dispose or to direct
the disposition of............... 0
(iv) shared power to dispose or to direct
the disposition of............... 2,640,000
Citigroup
---------
Citigroup is the parent company of Associated Madison. To the best
knowledge of Citigroup, none of the persons named in Exhibit A hereto
under Citigroup owns securities of the Issuer. The following information
is being provided as of March 30, 2000 with respect to Citigroup's
indirect beneficial ownership of the Issuer's common stock.
(a) Amount Beneficially Owned: 2,650,000
(b) Percent of Class: 13.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct
the vote ........................ 0
(ii) shared power to vote or direct
the vote ........................ 2,650,000
(iii) sole power to dispose or to direct
the disposition of............... 0
(iv) shared power to dispose or to direct
the disposition of............... 2,650,000
Page 9
of 12 pages
<PAGE>
Item 7. Material to be filed as Exhibits.
Exhibit Description
------- -----------
A Consent to Joint Filing of Schedule 13D pursuant to
Rule 13d-1(k) of the Act.
Page 10
of 12 pages
<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: April 3, 2000
The Travelers Insurance Company
-------------------------------
By: /s/ Millie Kim
------------------------
Name: Millie Kim
Title: Assistant Secretary
The Travelers Insurance Group Inc.
----------------------------------
By: /s/ Joseph B. Wollard
------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
PFS Services, Inc.
------------------
By: /s/ Joseph B. Wollard
------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
Associated Madison Companies, Inc.
----------------------------------
By: /s/ Joseph B. Wollard
------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
Citigroup Inc.
--------------
By: /s/ Glenn S. Gray
------------------------
Name: Glenn S. Gray
Title: Assistant Secretary
Page 11
of 12 pages
<PAGE>
EXHIBIT B
Pursuant to Rule 13d-1(k)(1)(iii) of Regulation D of the Rules and
Regulations of the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended, the undersigned agree that the attached
Schedule 13D, Amendment No. 2 is, and any future amendments thereto may be,
filed on behalf of each of us.
Dated: April 3, 2000
The Travelers Insurance Company
-------------------------------
By: /s/ Millie Kim
------------------------
Name: Millie Kim
Title: Assistant Secretary
The Travelers Insurance Group Inc.
----------------------------------
By: /s/ Joseph B. Wollard
------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
PFS Services, Inc.
------------------
By: /s/ Joseph B. Wollard
------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
Associated Madison Companies, Inc.
----------------------------------
By: /s/ Joseph B. Wollard
------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
Citigroup Inc.
--------------
By: /s/ Glenn S. Gray
------------------------
Name: Glenn S. Gray
Title: Assistant Secretary
Page 12
of 12 pages
