ST PAUL COMPANIES INC /MN/
SC 13G/A, 1996-02-14
FIRE, MARINE & CASUALTY INSURANCE
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                              UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C. 20549

                                SCHEDULE 13G

                 UNDER THE SECURITIES EXCHANGE ACT OF 1934
                          (AMENDMENT NO. 3 )*
                                        ---

                            UNIQUEST Incorporated
                     ----------------------------------
                              (Name of Issuer)

                                   Common
                     ----------------------------------
                       (Title of Class of Securities)

                                 90915Q107
                     ----------------------------------
                              (CUSIP Number)

   Check the following box if a fee is being paid with this statement (  ).
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)

   *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 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).


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CUSIP No. 90915Q107                   13G                 Page  2  of  5  Pages
          ---------                                            ---    ---

- --------------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
     S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
     The St. Paul Companies, Inc.
     385 Washington Street
     St. Paul, Minnesota 55102                         IRS #41-0518860
- --------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                            (a)  ( )
                                                            (b)  ( )
- --------------------------------------------------------------------------------
 (3) SEC USE ONLY

- --------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION

     Minnesota Corporation
- --------------------------------------------------------------------------------
  NUMBER OF           (5) SOLE VOTING POWER
   SHARES                 None
BENEFICIALLY         -----------------------------------------------------------
  OWNED BY            (6) SHARED VOTING POWER
    EACH                  The St. Paul Companies, Inc., through its
 REPORTING                wholly-owned subsidiary, St. Paul Fire and Marine
   PERSON                 Insurance Company (F&M) beneficially owns 10,006,693
    WITH                  shares of common stock by virtue of F&M's ownership
                          of 653,594 shares of Series D Preferred stock,
                          115,384 shares of Series E Preferred stock, (both of
                          which are convertible into 2,380,110 shares of
                          common) 6,155,083 shares of common stock, warrants
                          to purchase 115,384 shares of common stock, and a
                          convertible note in the amount of $1,500,000.00
                          which is convertible into 1,356,116 shares of
                          common stock, all of which are exercisable within
                          60 days.
                     ----------------------------------------------------------
                      (7) SOLE DISPOSITIVE POWER
                          None
                     ----------------------------------------------------------
                      (8) SHARED DISPOSITIVE POWER
                          10,006,693 shares (see remark in Item 6)
- -------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     10,006,693 shares (see remark in Item 6)
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
     20.0%
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
     HC
- -------------------------------------------------------------------------------

<PAGE>

Fee enclosed / / or Amendment No. 3

- -------------------------------------------------------------------------------
ITEM 1.    (a)  NAME OF ISSUER: UNIQUEST Incorporated
- -------------------------------------------------------------------------------
           (b)  ADDRESS OF ISSUER'S PRINCIPAL OFFICES:
                1400 Marina Way South
                Richmond, CA 94804
- -------------------------------------------------------------------------------
ITEM 2.    (a)  NAME OF PERSON FILING:    The St. Paul Companies, Inc.
                                          (see Schedule A)
- -------------------------------------------------------------------------------
           (b)  ADDRESS OF PRINCIPAL BUSINESS OFFICE:
                385 Washington Street
                St. Paul, MN 55102
- -------------------------------------------------------------------------------
           (c)  CITIZENSHIP: Minnesota corporation
- -------------------------------------------------------------------------------
           (d)  TITLE OF CLASS OF SECURITIES: Common
- -------------------------------------------------------------------------------
           (e)  CUSIP NUMBER: 90915Q107
- -------------------------------------------------------------------------------
ITEM 3.    This statement is filed pursuant to Rule 13d-1(b).
           (g)   /X/ Parent Holding Company
- -------------------------------------------------------------------------------
ITEM 4.     OWNERSHIP.

            (a) Amount beneficially owned: The St. Paul Companies, Inc.,
                through its wholly owned subsidiary, St. Paul Fire and Marine
                Insurance Company (F&M), beneficially owns 10,006,693 shares
                of common stock by virtue of F&M's ownership of 653,594 shares
                of Series D Convertible Preferred Stock, 115,384 shares of
                Series E Convertible Preferred Stock (both of which are
                convertible into 2,380,110 shares of Common Stock), 6,155,083
                shares of Common Stock, Warrants to purchase 115,384 shares of
                Common Stock, and a Convertible Note in the principal amount of
                $1,500,000.00, which is convertible into 1,356,116 shares of
                Common Stock, all of which are exercisable within 60 days.
            -------------------------------------------------------------------
            (b) Percent of Class: The shares reported in Item 4(a),
                above, constitute 20.0% of the outstanding common shares
                of the Issuer.
            -------------------------------------------------------------------
            (c) Number of shares as to which such person has:
                (i)   Sole power to vote or to direct the vote: none
                ---------------------------------------------------------------
                (ii)  Shared power to vote or to direct the vote:
                      10,006,693 (see remark in Item 4(a) above)
                ---------------------------------------------------------------
                (iii) Sole power to dispose or to direct the disposition: none
                ---------------------------------------------------------------
                (iv)  Shared power to dispose or to direct the disposition:
                      10,006,693 (see remark in Item 4(a) above)

<PAGE>

- -------------------------------------------------------------------------------
ITEM 5.     OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

            Not Applicable
- -------------------------------------------------------------------------------
ITEM 6.     OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
            Not Applicable
- -------------------------------------------------------------------------------
ITEM 7.     IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
            THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

            St. Paul Fire and Marine Insurance Company is an Insurance
            Company under Reg. 240.13d-1(b)(1)(ii)(C)
- -------------------------------------------------------------------------------
ITEM 8.     IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

            Not Applicable
- -------------------------------------------------------------------------------
ITEM 9.     NOTICE OF DISSOLUTION OF GROUP:

            Not Applicable
- -------------------------------------------------------------------------------
ITEM 10.    CERTIFICATION

            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.

                                  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.

Date: February 12, 1996



                                   -------------------------------------------
                                   Bruce A. Backberg
                                   Title: Vice President & Corporate Secretary

<PAGE>

                     SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C. 20549

                               Schedule 13G

                          EXHIBIT A - DISCLAIMER

Information on the attached Schedule 13G is provided solely for the purpose
of complying with Section 13(d) and 13(g) of the Securities Exchange Act of
1934 and Regulation promulgated under authority thereof and is not
intended as an admission the The St. Paul Companies, Inc. or any of its
subsidiaries, is a beneficial owner of the securities described herein for any
other purpose.


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