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UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION ------------------------
WASHINGTON, D.C. 20549 OMB Number: 3235-0101
Expires: May 31, 2000
Estimated average burden
hours per response...2.0
FORM 144
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SEC USE ONLY
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NOTICE OF PROPOSED SALE OF SECURITIES DOCUMENT SEQUENCE NO.
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
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CUSIP NUMBER
ATTENTION: TRANSMIT FOR FILING 3 COPIES OF THIS FORM CONCURRENTLY WITH EITHER PLACING AN ORDER
WITH A BROKER TO EXECUTE SALE OR EXECUTING A SALE DIRECTLY WITH A MARKET MAKER.
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1(a) NAME OF ISSUER (PLEASE TYPE OR PRINT) (b) IRS IDENT. NO. (c) S.E.C. FILE NO.
HCC Insurance Holdings, Inc. 76-0336636 0-20766
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1(d) ADDRESS OF ISSUER STREET CITY STATE ZIP CODE (e) TELEPHONE NO.
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13403 Northwest Freeway Houston Texas 77040 AREA CODE NUMBER
713 690-7300
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2(a) NAME OF PERSON FOR WHOSE ACCOUNT (b) IRS IDENT. NO (c) RELATIONSHIP (d) ADDRESS STREET CITY STATE ZIP CODE
THE SECURITIES ARE TO BE SOLD TO ISSUER
Stephen J. Lockwood ###-##-#### Vice-Chairman 401 Edgewater Place, Wakefield, MA 01880
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INSTRUCTION: THE PERSON FILING THIS NOTICE SHOULD CONTACT THE ISSUER TO OBTAIN THE I.R.S. IDENTIFICATION NUMBER
AND THE S.E.C. FILE NUMBER.
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3(a) (b) SEC USE ONLY (c) (d) (e) (f) (g)
TITLE OF NAME AND ADDRESS OF ------------ NUMBER OF AGGREGATE NUMBER OF APPROXIMATE NAME OF
THE CLASS EACH BROKER THROUGH SHARES OR MARKET SHARES OR DATE OF SALE EACH
OF SECURITIES WHOM THE SECURITIES BROKER-DEALER OTHER UNITS VALUE OTHER UNITS (SEE INSTR. SECURITIES
TO BE SOLD ARE TO BE OFFERED OR FILE NUMBER TO BE SOLD (SEE INSTR. OUTSTANDING 3(f)) EXCHANGE
EACH MARKET MAKER (SEE INSTR. 3(d)) (SEE INSTR.) (MO. DAY YR.) (SEE INSTR.
WHO IS ACQUIRING THE 3(c)) 3(e) 3(g))
SECURITIES
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Stephens Inc.
Common 111 Center Street 250,000 5,375,000 48,423,432 5/17/99 NYSE
Little Rock, AR 72201
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INSTRUCTIONS:
1. (a) Name of issuer 3. (a) Title of the class of securities to be sold
(b) Issuer's I.R.S. Identification Number (b) Name and address of each broker through whom the securities
(c) Issuer's S.E.C. file number, if any are intended to be sold
(d) Issuer's address, including zip code (c) Number of shares or other units to be sold (if debt securities,
(e) Issuer's telephone number, including area code give the aggregate face amount)
(d) Aggregate market value of the securities to be sold as of a
specified date within 10 days prior to the filing of this notice
(e) Number of shares or other units of the class outstanding, or if
debt securities the face amount thereof outstanding, as shown by
the most recent report or statement published by the issuer
2. (a) Name of person for whose account the securities (f) Approximate date on which the securities are to be sold
are to be sold (g) Name of each securities exchange, if any, on which the
(b) Such person's I.R.S. identification number, securities are intended to be sold
if such person is an entity
(c) Such person's relationship to the issuer
(e.g., officer, director, 10% stockholder,
or member of immediate family of any of the
foregoing)
(d) Such person's address, including zip code
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND
UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
TABLE I -- SECURITIES TO BE SOLD
FURNISH THE FOLLOWING INFORMATION WITH RESPECT TO THE ACQUISITION OF THE SECURITIES TO BE SOLD
AND WITH RESPECT TO THE PAYMENT OF ALL OR ANY PART OF THE PURCHASE PRICE OR OTHER CONSIDERATION THEREFOR:
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Name of Person from Whom Amount of
Title of Date you Nature of Acquisition Acquired (IF GIFT, ALSO Securities Date of Nature of
the Class Acquired Transaction GIVE DATE DONOR ACQUIRED) Acquired Payment Payment
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Common Stock 5/24/96 Acquisition of LDG HCC Insurance Holdings, Inc. 3,941,565 5/24/96 Exchange of
Management Company private
Incorporated company stock
pursuant to
merger
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INSTRUCTIONS: 1. If the securities were purchased and full 2. If within two years after the acquisition of the
payment therefor was not made in cash at securities the person for whose account they are to be
the time of purchase, explain in the table sold had any short positions, put or other option to
or in a note thereto the nature of the dispose of securities referred to in paragraph (d)(3)
consideration given. If the consideration of Rule 144, furnish full information with respect
consisted of any note or other obligation, thereto.
or if payment was made in installments
describe the arrangement and state when the
note or other obligation was discharged in
full or the last installment paid.
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TABLE II -- SECURITIES SOLD DURING THE PAST 3 MONTHS
FURNISH THE FOLLOWING INFORMATION AS TO ALL SECURITIES OF THE ISSUER SOLD DURING THE PAST 3 MONTHS
BY THE PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD.
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Amount of
Name and Address of Seller Title of Securities Sold Date of Sale Securities Sold Gross Proceeds
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Stephen J. Lockwood HCC Insurance Holdings, Inc. 3/15/99 75,000 1,396,875
Stephen J. Lockwood HCC Insurance Holdings, Inc. 3/17/99 30,000 560,625
Stephen J. Lockwood HCC Insurance Holdings, Inc. 3/18/99 21,000 394,762
Stephen J. Lockwood HCC Insurance Holdings, Inc. 3/19/99 15,000 279,375
Stephen J. Lockwood HCC Insurance Holdings, Inc. 3/22/99 51,900 935,954
Lockwood Family Limited Partnership HCC Insurance Holdings, Inc. 3/22/99 7,300 131,646
Lockwood Family Limited Partnership HCC Insurance Holdings, Inc. 3/23/99 10,000 180,000
Lockwood Family Limited Partnership HCC Insurance Holdings, Inc. 3/24/99 35,000 621,250
Lockwood Family Limited Partnership HCC Insurance Holdings, Inc. 3/26/99 40,900 725,758
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REMARKS:
INSTRUCTIONS: ATTENTION:
See the definition of "person" in paragraph (a) of Rule 144. THE PERSON FOR WHOSE ACCOUNT THE SECURITIES TO WHICH THIS NOTICE
Information is to be given not only as to the person for whose RELATES ARE TO BE SOLD HEREBY REPRESENTS BY SIGNING THIS NOTICE
account the securities are to be sold but also as to all other THAT HE DOES NOT KNOW ANY MATERIAL ADVERSE INFORMATION IN REGARD
persons included in that definition. In addition, information TO THE CURRENT AND PROSPECTIVE OPERATIONS OF THE ISSUER OF THE
shall be given as to sales by all persons whose sales are SECURITIES TO BE SOLD WHICH HAS NOT BEEN PUBLICLY DISCLOSED.
required by paragraph (e) of Rule 144 to be aggregated with
sales for the account of the person filing this notice.
May 17, 1999 /s/ Stephen J. Lockwood
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DATE OF NOTICE (SIGNATURE)
THE NOTICE SHALL BE SIGNED BY THE PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD.
AT LEAST ONE COPY OF THE NOTICE SHALL BE MANUALLY SIGNED.
ANY COPIES NOT MANUALLY SIGNED SHALL BEAR TYPED OR PRINTED SIGNATURES.
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ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSION OF FACTS CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
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SEC 1147 (7-97)
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