UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURIITES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
ReliaStar Financial Corp.
-------------------------
(Name of Issuer)
Common Stock, par value $0.01
---------------------------------
(Title of Class of Securities)
75952U10
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(CUSIP Number)
B. Scott Burton
Chief Counsel
ING America Insurance Holdings, Inc.
5780 Powers Ferry Road, NW
Atlanta, GA 30327-4823
(770) 980-5637
------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
April 30, 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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
(Continued on following pages)
(Page 1 of 6 Pages)
<PAGE>
- ------------ ---------------------
CUSIP NO. 75952U10 13D PAGE 2 OF 6 PAGES
- -----------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ING Groep N.V.
- - ----------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) [ ]
(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
The Netherlands
- - ----------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 8,873,630 (See Item 4)
EACH ----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------------------
10. SHARED DISPOSITIVE POWER
8,873,630 (See Item 4)
- - ----------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
8,873,630
- - ----------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- - ----------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9% (See Item 5)
- - ----------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
HC
- - ----------------------------------------------------------------------
<PAGE>
CUSIP NO. 75952U10 13D PAGE 3 OF 6 PAGES
- - ----------------------------------------------------------------------
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
ING America Insurance Holdings, Inc. 52-1222820
- - ----------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) [ ]
(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
Delaware
- - ----------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 8,873,630 (See Item 4)
EACH ----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------------------
10. SHARED DISPOSITIVE POWER
8,873,630 (See Item 4)
- - ----------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,873,630
- - ----------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
- - ----------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9% (See Item 5)
- - ----------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
HC
- - ----------------------------------------------------------------------
<PAGE>
This Amendment No. 1 has been filed for the purpose of amending the disclosure
in Item 5 to reflect the share ownership of one of the directors of AIH.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The total number of Shares that AIH and ING would beneficially own upon
exercise of the Option is 8,873,630, which represents 9.9% of the total
outstanding Shares.1 The foregoing calculation is based on the 89,632,632
Shares of the Company outstanding as of April 28, 2000. To the knowledge of
the Reporting Persons, except as set forth in this Schedule 13D, none of
the Reporting Persons nor any of the persons listed on Exhibit 1,
beneficially owns any Shares other than for the account of customers in the
normal course of business of ING's broker-dealer, asset management and
insurance operations.
(b) The Reporting Persons will share the power to vote and to dispose of all of
the Shares and the power to dispose of the Option.
(c) To the best of their knowledge, other than for the account of customers in
the normal course of business of ING's broker-dealer, asset management and
insurance operations no transactions in the Shares were effected by ING or
AIH during the past sixty days.2
(d) Except as set forth in this Schedule 13D, to the knowledge of the Reporting
Persons, no person other than the Reporting Persons has the right to
receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of Shares covered by this Schedule 13D.
(e) Not applicable.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 Identity of executive officers and directors of AIH, the executive
officers and members of the Executive and Supervisory Boards of ING
and the members of the Management Board of the Trust (incorporated
by reference to Exhibit 1 to the original Schedule 13D).
Exhibit 2 Agreement and Plan of Merger, dated as of April 30, 2000, by and
among Company, ING, AIH and SHP Acquisition Corp.(incorporated by
reference to Exhibit 2 to the original Schedule 13D).
- ----------
1 ING Barings Furman Selz holds approximately 365,261 (.43%) Shares in a
custodial account, two ING Mutual Funds, GCG Trust Total Return Series and GCG
Trust Research Series, own 99,000 and 103,000 Shares, respectively, and Lynn
Johnson, a director of AIH, owns 564 Shares in a self directed Individual
Retirement Account.
2 GCG Trust Total Return Series, an ING Mutual Fund sold 2,000 Shares on May 1,
2000 in the normal course of business.
Page 4 of 6 Pages
<PAGE>
Exhibit 3 Stock Option Agreement, dated as of April 30, 2000, by and between
the Company and AIH (incorporated by reference to the original
Schedule 13D).
Exhibit 4 Joint Filing Agreement (incorporated by reference to the
original Schedule 13D).
Page 5 of 6 Pages
<PAGE>
SIGNATURES
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.
ING GROEP N.V.
By: /s/ B. Scott Burton
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AUTHORIZED SIGNATORY
ING AMERICA INSURANCE
HOLDINGS, INC.
By: /s/ B. Scott Burton
-----------------------------
B. Scott Burton
(Senior Vice President,
Chief Counsel and
Assistant Secretary)
Dated: May 15, 2000
Page 6 of 6 Pages
