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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Resource America, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
761195205
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(CUSIP Number)
*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 in 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 1 of 11 Pages
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CUSIP NO. 761195205 13G PAGE 2 OF 11 PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PICO Holdings, Inc.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) X
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(b)
---
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
California
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
None
6. SHARED VOTING POWER
None
7. SOLE DISPOSITIVE POWER
None
8. SHARED DISPOSITIVE POWER
None
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
Not Applicable
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC
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CUSIP NO. 761195205 13G PAGE 3 OF 11 PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Physicians Insurance Company of Ohio
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) X
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(b)
---
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
None
6. SHARED VOTING POWER
None
7. SOLE DISPOSITIVE POWER
None
8. SHARED DISPOSITIVE POWER
None
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
Not Applicable
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IC
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CUSIP NO. 761195205 13G PAGE 4 OF 11 PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
American Physicians Life Insurance Company
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) X
---
(b)
---
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
None
6. SHARED VOTING POWER
None
7. SOLE DISPOSITIVE POWER
None
8. SHARED DISPOSITIVE POWER
None
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
Not applicable
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IC
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CUSIP NO. 761195205 13G PAGE 5 OF 11 PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Physicians Investment Company
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) X
---
(b)
---
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
None
6. SHARED VOTING POWER
None
7. SOLE DISPOSITIVE POWER
None
8. SHARED DISPOSITIVE POWER
None
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
Not applicable
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC
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Item 1(a). Name of Issuer.
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Resource America, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices.
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1521 Locust Street
Philadelphia, Pennsylvania 19102
Item 2(a). Name of Person Filing.
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(i) PICO Holdings, Inc. ("Holdings") which is an insurance
holding company.
(ii) Physicians Insurance Company of Ohio ("Physicians") which is
a wholly-owned subsidiary of Holdings.
(iii) American Physicians Life Insurance Company ("APL") which is
an indirect wholly-owned subsidiary of Physicians.
Physicians and APL are insurance companies as defined in
Section 3(a)(19) of the Securities Exchange Act of 1934 (the
"Act").
(iv) Physicians Investment Company ("PIC") which is a
wholly-owned subsidiary of Physicians and the parent of APL.
PIC was formed for the purpose of holding the shares of APL
and conducts no other business.
Item 2(b). Address of Principal Business Office or, if none,
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Residence of Person Filing.
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(i) Holdings:
875 Prospect Street
Suite 301
La Jolla, California 92037
(ii) Physicians, APL and PIC:
13515 Yarmouth Drive, N.W.
Pickerington, Ohio 43147
Item 2(c). Citizenship of Person Filing.
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(i) California for Holdings
(ii) Ohio for each of Physicians, APL and PIC
Item 2(d). Title of Class of Securities.
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Common Stock, $.01 par value
Item 2(e). CUSIP Number.
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761195205
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Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
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13d-2(b), check whether the person filing is a:
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(a) [ ] Broker or Dealer registered under Section 15 of the
Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Act
(c) [X] Insurance Company as defined in Section 3(a)(19) of
the Act -- for each of Physicians and APL
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under Section 203 of
the Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see
Section 240.13d-1(b)(l)(ii)(F)
(g) [X] Parent Holding Company, in accordance with
Section 240.13d-1(b)(ii)(G) -- for each of Holdings
and PIC
(h) [X] Group, in accordance with Section
240.13d-1(b)(1)(ii)(H) -- for Holdings, Physicians,
APL and PIC together
Item 4. Ownership.
- ------------------------------
(a) Amount Beneficially Owned:
Physicians: 0 shares of Common Stock
Holdings: 0 shares of Common Stock
APL: 0 shares of Common Stock
PIC: 0 shares of Common Stock
(b) Percent of Class:
Physicians: 0%
Holdings: 0%
APL: 0%
PIC: 0%
(c) Number of shares as to which person filing has:
(i) Sole power to vote or to direct the vote:
Physicians: 0 shares of Common Stock
Holdings: 0 shares of Common Stock
APL: 0 shares of Common Stock
PIC: 0 shares of Common Stock
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(ii) Shared power to vote or to direct the vote:
Physicians: 0 shares
Holdings: 0 shares
APL: 0 shares
PIC: 0 shares
(iii) Sole power to dispose or to direct the disposition
of:
Physicians: 0 shares of Common Stock
Holdings: 0 shares of Common Stock
APL: 0 shares of Common Stock
PIC: 0 shares of Common Stock
(iv) Shared power to dispose or to direct the
disposition of:
Physicians: 0 shares
Holdings: 0 shares
APL: 0 shares
PIC: 0 shares
Item 5. Ownership of Five Percent or Less of a Class.
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If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the
beneficial owner or more than five percent of the class of
securities, check the following: [X].
Item 6. Ownership of More than Five Percent on Behalf of Another
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Person.
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Not applicable.
Item 7. Identification and Classification of the Subsidiary
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Which Acquired the Security Being Reported on By the Parent
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Holding Company.
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See Items 2(a) and 3(g) above. Please also see Exhibit 1.
Item 8. Identification and Classification of Members of the Group.
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See Item 3(h) above. Please also see Exhibit 1.
Item 9. Notice of Dissolution of Group.
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Not Applicable.
Item 10. Certification.
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By signing below, I certify that, to the best of my
knowledge and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in any
transaction having such purposes or effect.
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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: As of August 4, 1997 PICO HOLDINGS, INC.
By: /s/ James F. Mosier
--------------------------------
James F. Mosier, General
Counsel and Secretary
Dated: As of August 4, 1997 PHYSICIANS INSURANCE COMPANY OF OHIO
By: /s/ James F. Mosier
--------------------------------
James F. Mosier, General Counsel
and Secretary
Dated: As of August 4, 1997 AMERICAN PHYSICIANS LIFE INSURANCE
COMPANY
By: /s/ James F. Mosier
--------------------------------
James F. Mosier, General Counsel
and Secretary
Dated: As of August 4, 1997 PHYSICIANS INVESTMENT COMPANY
By: /s/ James F. Mosier
--------------------------------
James F. Mosier, Secretary
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EXHIBIT 1
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MEMBERS OF GROUP
----------------
Name of Corporation Classification
- ------------------- --------------
PICO Holdings, Inc. Parent Holding company
Physicians Insurance Company of Ohio Insurance Company
American Physicians Life Insurance Company Insurance Company
Physicians Investment Company Parent Holding Company
For a copy of the Joint Filing Agreement, please see Exhibit 2.
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EXHIBIT 2
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JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f)(1) under the Securities Exchange Act
of 1934, the persons named below hereby agree to the joint filing on behalf of
each of them of a statement on Schedule 13G (including any amendments thereto)
with respect to the shares of Common Stock of Resource America, Inc.
beneficially owned by each of them and further agree that this Joint Filing
Agreement be included as an exhibit to such joint filings.
IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing
Agreement as of the 4th day of August, 1997.
PICO HOLDINGS, INC.
By: /s/ James F. Mosier
--------------------------------
James F. Mosier, General
Counsel and Secretary
PHYSICIANS INSURANCE COMPANY OF OHIO
By: /s/ James F. Mosier
--------------------------------
James F. Mosier, General Counsel
and Secretary
AMERICAN PHYSICIANS LIFE INSURANCE
COMPANY
By: /s/ James F. Mosier
--------------------------------
James F. Mosier, General Counsel
and Secretary
PHYSICIANS INVESTMENT COMPANY
By: /s/ James F. Mosier
--------------------------------
James F. Mosier, Secretary
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