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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. 1)<F*>
DELPHI FINANCIAL GROUP, INC.
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(Name of Issuer)
Class A Common Stock, $.01 par value
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(Title of Class of Securities)
247131 10 5
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(CUSIP Number)
Harold F. Ilg COPY TO: Robert M. LaRose, Esq.
SAFETY NATIONAL CASUALTY CORPORATION THOMPSON COBURN
2043 Woodland Parkway One Mercantile Center
St. Louis, Missouri 63146 St. Louis, Missouri 63101
(314) 995-5300 (314) 552-6068
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 9, 1998
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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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), (f) or (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 Rule 13d-7(b) for
other parties to whom copies are to be sent.
<F*>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).
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CUSIP No. 247131 10 5 Page 2 of 8 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harold F. Ilg
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<F*> (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS<F*>
Not Applicable <F1>
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
NUMBER OF SHARES -0-
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 665,813
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 665,813
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
665,813
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES<F*> / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.83%
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14 TYPE OF REPORTING PERSON<F*>
IN
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[FN]
<F1> Harold F. Ilg, Linda S. Ilg, and the Ilg Family L.P. No. 1 (the "Filing
Persons") have filed this Amendment No. 1 to Schedule 13D to disclose the
decrease in the percentage of Delphi Class A Common Stock, $.01 par value,
beneficially owned by them as a result of their sales of a cumulative total
of 60,800 shares of such stock. Consequently, no funds or other
consideration were used by the Filing Persons in the transactions required to
be disclosed on this Amendment No. 1 to Schedule 13D.
<F*>SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
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CUSIP No. 247131 10 5 Page 3 of 8 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Linda S. Ilg
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<F*> (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS<F*>
Not Applicable <F1>
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
NUMBER OF SHARES -0-
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 665,813
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 665,813
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
665,813
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES<F*> / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.83%
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14 TYPE OF REPORTING PERSON<F*>
IN
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[FN]
<F1> Harold F. Ilg, Linda S. Ilg, and the Ilg Family L.P. No. 1 (the "Filing
Persons") have filed this Amendment No. 1 to Schedule 13D to disclose the
decrease in the percentage of Delphi Class A Common Stock, $.01 par value,
beneficially owned by them as a result of their sales of a cumulative total
of 60,800 shares of such stock. Consequently, no funds or other
consideration were used by the Filing Persons in the transactions required to
be disclosed on this Amendment No. 1 to Schedule 13D.
<F*>SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
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CUSIP No. 247131 10 5 Page 4 of 8 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ilg Family L.P. No. 1
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<F*> (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS<F*>
Not Applicable <F1>
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Missouri
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7 SOLE VOTING POWER
NUMBER OF SHARES -0-
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 665,813
--------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 665,813
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
665,813
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES<F*> / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.83%
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14 TYPE OF REPORTING PERSON<F*>
PN
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[FN]
<F1> Harold F. Ilg, Linda S. Ilg, and the Ilg Family L.P. No. 1 (the "Filing
Persons") have filed this Amendment No. 1 to Schedule 13D to disclose the
decrease in the percentage of Delphi Class A Common Stock, $.01 par value,
beneficially owned by them as a result of their sales of a cumulative total
of 60,800 shares of such stock. Consequently, no funds or other
consideration were used by the Filing Persons in the transactions required to
be disclosed on this Amendment No. 1 to Schedule 13D.
<F*>SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
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CUSIP No. 247131 10 5 Page 5 of 8 Pages
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ITEM 1. SECURITY AND ISSUER
This Amendment No. 1 to Schedule 13D relates to the Class A
Common Stock, par value $.01 per share (the "Delphi Class A Common Stock"),
of Delphi Financial Group, Inc. ("Delphi"). The address of the principal
executive offices of Delphi is 1105 North Market Street, Suite 1230,
Wilmington, Delaware 19899.
ITEM 2. IDENTITY AND BACKGROUND
1. (a) Name: Harold F. Ilg
(b) Residence address: 100 L'Ambiance Circle, Unit 202,
Naples, Florida 34108.
(c) Present principal occupation and name, principal
business and address of any corporation or partnership in which such
employment is conducted: Vice Chairman of the Board of Safety National
Casualty Corporation, an indirect wholly owned subsidiary of Delphi ("Safety
National"), the principal business of which is providing excess workers'
compensation insurance policies for self-insured employers. The address of
the principal executive offices of Safety National is 2043 Woodland Parkway,
St. Louis, Missouri 63146.
(d) Harold F. Ilg has not, during the last five years,
been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) Harold F. Ilg has not, during the last five years,
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which he has been or is subject to any
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.
(f) Citizenship: United States
2. (a) Name: Linda S. Ilg
(b) Residence address: 100 L'Ambiance Circle, Unit 202,
Naples, Florida 34108.
(c) Present principal occupation and name, principal
business and address of any corporation or partnership in which such
employment is conducted: Community service for various organizations;
residence address, 100 L'Ambiance Circle, Unit 202, Naples, Florida 34108.
(d) Linda S. Ilg has not, during the last five years,
been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) Linda S. Ilg has not, during the last five years,
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which she has been or is subject to any
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.
(f) Citizenship: United States
3. (a) Name: Ilg Family L.P. No. 1 (the "Partnership")
(b) Business address: 100 L'Ambiance Circle, Unit 202,
Naples, Florida 34108.
(c) Principal business and address: The Partnership was
organized to acquire, operate, manage and otherwise invest in and deal with
real and personal property as investment, and to conduct such other
activities related or incidental thereto as may be convenient, necessary or
desirable to promote the business of the partnership. The address of the
principal executive offices of the Partnership is 100 L'Ambiance Circle, Unit
202, Naples, Florida 34108.
(d) The Partnership has not, during the last five years,
been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
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CUSIP No. 247131 10 5 Page 6 of 8 Pages
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(e) The Partnership has not, during the last five years,
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which such Partnership has been or is
subject to any 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.
(f) State of Organization: Missouri
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Harold F. Ilg, Linda S. Ilg and the Ilg Family L.P. No. 1 (the
"Filing Persons") have filed this Amendment No. 1 to Schedule 13D to disclose
the decrease in the percentage of Delphi Class A Common Stock beneficially
owned by them as a result of their sales of a cumulative total of 60,800
shares of such stock. Consequently, no funds or other consideration were
used by the Filing Persons in the transactions required to be disclosed on
this Amendment No. 1 to Schedule 13D.
ITEM 4. PURPOSE OF TRANSACTION
The Filing Persons disposed of the 60,800 shares of Delphi Class
A Common Stock in the ordinary course of their investment decision-making.
The Filing Persons may, in their discretion, dispose of additional Delphi
Class A Common Stock on such dates and in such amounts as may be determined
in the future in the ordinary course of their investment decision-making.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Each of Harold F. Ilg, Linda S. Ilg and the Partnership may
be deemed to be the beneficial owner of 665,813 shares of Delphi Class A
Common Stock, representing 4.83% of the 13,773,485 shares of such class
issued and outstanding as of June 10, 1998.
(b) Each of Harold F. Ilg, Linda S. Ilg and the Partnership may
be deemed to have shared voting and dispositive power with respect to 665,813
shares of Delphi Class A Common Stock, representing 4.83% of the 13,773,485
shares of such class issued and outstanding as of June 10, 1998.
(c) The following transactions in the Delphi Class A Common
Stock were effected by Harold F. Ilg in open market transactions through
various brokers:
<TABLE>
<CAPTION>
Date of Transaction Amount of Securities Price Per Share
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<S> <C> <C>
3/12/98 1800 46.75
3/12/98 1700 46.875
3/12/98 1600 47.125
5/7/98 2000 57.375
5/7/98 1700 57.4375
5/8/98 1800 57.5
5/8/98 2000 57.625
5/8/98 2000 57.75
5/8/98 2000 58
5/8/98 1600 58.25
5/8/98 400 58.625
5/11/98 1700 58.375
<CAPTION>
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CUSIP No. 247131 10 5 Page 7 of 8 Pages
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Date of Transaction Amount of Securities Price Per Share
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<S> <C> <C>
5/11/98 1900 58.4375
5/11/98 1700 58.5
5/11/98 4000 58.5625
5/11/98 2000 58.625
5/12/98 500 59.5
5/12/98 1500 59.6875
5/12/98 2700 59.75
5/12/98 1600 59.875
5/12/98 2200 60
5/12/98 1500 60.0625
5/13/98 1000 59
5/13/98 1300 59.375
5/13/98 1500 59.6875
5/13/98 1500 59.625
5/13/98 500 59.75
5/19/98 500 57.5
5/19/98 900 57.625
5/26/98 1800 56.25
6/8/98 1800 56.5
6/8/98 2200 56.75
6/8/98 2200 57
6/8/98 2500 57.25
6/9/98 2300 57.375
6/9/98 900 57.625
</TABLE>
(d) Not Applicable.
(e) Each of Harold F. Ilg, Linda S. Ilg and the Partnership
ceased to be the beneficial owners of more than five percent of the Delphi
Class A Common Stock on June 9, 1998.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
Not Applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not Applicable.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, we
certify that the information set forth in this statement is true, complete
and correct.
Dated: June 18, 1998 /s/ Harold F. Ilg
-------------------------------------
Harold F. Ilg
Dated: June 18, 1998 /s/ Linda S. Ilg G.P.
-------------------------------------
Linda S. Ilg
Dated: June 18, 1998 ILG FAMILY L.P. NO. 1
By: /s/ Harold F. Ilg G.P.
---------------------------------
Harold F. Ilg, General Partner
