SCHEDULE 13G
Amendment No. 1
Triad Guaranty Inc.
Common Stock
Cusip # 895925105
Filing Fee: No
Cusip # 895825 10 5
Item 1: Reporting Person - Collateral Investment Corp.
Item 4: Delaware
Item 5: -0-
Item 6: 1,338,750
Item 7: -0-
Item 8: 1,338,750
Item 9: 1,338,750
Item 11: 20.2%
Item 12: CO
Cusip # 895925 10 5
Item 1: Collateral Mortgage, Ltd.
Item 4: Alabama
Item 5: -0-
Item 6: 1,286,250
Item 7: -0-
Item 8: 1,286,250
Item 9: 1,286,250
Item 11: 19.4%
Item 12: PN
Cusip #895925 10 5
Item 1: Collat, Inc.
Item 4: Alabama
Item 5: -0-
Item 6: 1,286,250
Item 7: -0-
Item 8: 1,286,250
Item 9: 1,286,250
Item 11: 19.4%
Item 12: CO
Cusip #895925 10 5
Item 1: William T. Ratliff, Jr.
Item 4: United States
Item 5: 27,450
Item 6: 2,625,000
Item 7: 27,450
Item 8: 2,652,450
Item 9: 2,652,450
Item 11: 39.9%
Item 12: IN
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Cusip #895925 10 5
Item 1: William T. Ratliff, III
Item 4: United States
Item 5: 52,647
Item 6: 2,628,600
Item 7: 52,647
Item 8: 2,628,600
Item 9: 2,687,622
Item 11: 40.4%
Item 12: IN
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Item 1(a). Name of Issuer:
Triad Guaranty Inc.
Item 1(b) Name of Issuer's Principal Executive Offices:
101 South Stratford Road, Suite 500
Winston-Salem, NC 27104
Item 2(a) Name of Person Filing"
This Schedule 13G is filed on behalf of Collateral Investment
Corp., a Delaware corporation ("CIC"), Collateral Mortgage, Ltd.,
an Alabama limited partnership ("CML"), Collat, Inc., an Alabama
corporation ("Collat"), William T. Ratliff, Jr. ("Ratliff, Jr.")
and William T. Ratliff, III ("Ratliff, III") (CIC, CML, Collat,
Ratliff, Jr. and Ratliff, III are collectively referred to
hereinafter as the "Filing Persons").
CIC and CML are each direct beneficial owners of more than 5% of
the common stock of Triad Guaranty Inc.
CIC
---
Ratliff, Jr. is a vice president and director of CIC and
beneficially owns 55.3% of the outstanding voting capital stock
of CIC. Ratliff, III is president and a director of CIC and
beneficially owns 1.4% of the outstanding voting capital stock of
CIC.
CML
---
Ratliff, Jr. beneficially owns 29.4% of the outstanding limited
partnership interests in CML. Ratliff, III beneficially owns 6.6%
of the outstanding limited partnership interests in CML.
Collat
------
Collat is the general partner of CML. Ratliff, Jr. is a vice
president and a director of Collat and beneficially owns 15.2% of
the outstanding voting capital stock of Collat. Ratliff, III is
president and a director of Collat and beneficially owns 35.0% of
the outstanding voting capital stock of Collat.
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Item 2(b) Address or Principal Business Office or, if None, Residence:
CIC has its principal business office at 1812 University
Boulevard, Tuscaloosa, AL 35401.
CML, Collat, Inc., William T. Ratliff, Jr. and William T.
Ratliff, III have their principal business office at 1900
Crestwood Boulevard, Birmingham, Alabama 35210.
Item 2(c) Citizenship:
Not applicable
Item 2(d) Title of Class of Securities:
Common Stock, $.01 par value
Item 2(e) CUSIP Number:
895925 10 5
Item 3. If this statement is filed pursuant to Rule13d-1(b) or
13d-2(b), check whether the person filing is a:
Not Applicable
Item 4. Ownership
(a) Amount Beneficially Owned:*
William T. Ratliff, Jr.
------------------------
The aggregate amount beneficially owned by William T. Ratliff,
Jr. includes 1,338,750 shares held of record by CIC and 1,286,250
shares held of record by CML.
William T. Ratliff, III
-----------------------
The aggregate amount beneficially owned by William T. Ratliff,
III includes 1,338,750 shares held of record by CIC, 1,286,250
shares held of record by CML, 750 shares held of record by his
wife, 2,850 shares held of record by his minor children, and
41,316 shares which he could acquire through the exercise of
stock options.
(b) Percent of Class:*
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:*
(ii) shared power to vote or to direct the vote:*
(iii) sole power to dispose or to direct the disposition
of:*
(iv) shared power to dispose or to direct the disposition
of:*
* Item 5-11 relating to each Filing Person included in this
Schedule 13G are incorporated herein by reference and show,
respectively, the beneficial ownership of each Filing Person.
<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.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
The Filing Persons have entered into a Joint Reporting Agreement
dated January 16, 1997, which is attached hereto as Exhibit A,
pursuant to which they have agreed to file one joint statement on
behalf of all of them with respect to the subject matter of this
Schedule 13G.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification
Not Applicable
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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: February 11, 1997
COLLATERAL INVESTMENT CORP.
By: /s/ William T. Ratliff, III
---------------------------
William T. Ratliff, III
President
COLLATERAL MORTGAGE, LTD.
By: /s/ William T. Ratliff, III
---------------------------
William T. Ratliff, III
President
Collat, Inc.
Corporate General Partner
COLLAT, INC.
By: /s/ William T. Ratliff, III
---------------------------
William T. Ratliff, III
President
/s/ William T. Ratliff, Jr.
---------------------------
William T. Ratliff, Jr.
/s/ William T. Ratliff, III
---------------------------
William T. Ratliff, III
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EXHIBIT A
JOINT REPORTING AGREEMENT
In consideration of the mutual covenants herein contained, each of the
parties hereto represents to and agrees with each other as follows:
1. Such party is eligible to file a statement or statements on Schedule
13G pertaining to the Common Stock, $.01 par value per share, of Triad Guaranty
Inc., a Delaware corporation, to which this agreement is an exhibit, for the
filing of the information contained therein.
2. Such party is responsible for the timely filing of such statement
and any amendments thereto and for the completeness and accuracy of the
information concerning such party contained therein; provided that no such party
is responsible for the completeness or accuracy of the information concerning
any other party making the filing, unless such party knows or has reason to
believe that such information is inaccurate.
3. Such party agrees that such statement is filed by and on behalf of
each such party and that any amendment or amendments thereto will be filed on
behalf of each such party.
This agreement may be executed in one or more counterparts, each of
which shall be deemed to be an original instrument, but all of such counterparts
together shall constitute but one agreement.
Dated: January 16, 1997
COLLATERAL INVESTMENT CORP.
By: /s/ William T. Ratliff, III
---------------------------
William T. Ratliff, III
COLLATERAL MORTGAGE, LTD.
By: /s/ William T. Ratliff, III
---------------------------
William T. Ratliff, III
President
COLLAT, INC.
By: /s/ William T. Ratliff, III
---------------------------
William T. Ratliff, III
President
/s/ William T. Ratliff, Jr.
---------------------------
William T. Ratliff, Jr.
/s/ William T. Ratliff, III
---------------------------
William T. Ratliff, III
