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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. 3)*
HCC INSURANCE HOLDINGS, INC.
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(Name of Issuer)
COMMON STOCK, $1.00 PAR VALUE PER SHARE
(Title of Class of Securities)
404 132 102
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(CUSIP Number)
STEPHEN J. LOCKWOOD
401 EDGEWATER PLACE, SUITE 400
WAKEFIELD, MA 01880
(781) 245-2220
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(Name, Address and Telephone Number of Person authorized to
Receive Notices and Communications)
WITH COPIES TO:
CHRISTOPHER L. MARTIN
VICE PRESIDENT AND GENERAL COUNSEL
HCC INSURANCE HOLDINGS, INC.
13403 NORTHWEST FREEWAY
HOUSTON, TEXAS 77040-6094
(713) 690-7300
MAY 17, 1999
(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 13-1(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.
*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).
CUSIP No. 404 132 102 Page 1 of 6
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<CAPTION>
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<S> <C> <C>
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen J. Lockwood
###-##-####
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
00
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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 of America
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7. SOLE VOTING POWER
NUMBER OF 2,874,835
SHARES --------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING --------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
2,874,835
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10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,874,835
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9
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14. TYPE OF REPORTING PERSON *
IN
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</TABLE>
This Amendment No. 3 amends the statement on Schedule 13D (the "Schedule
13D") filed by Stephen J. Lockwood on May 24, 1996 as amended. This Amendment
No. 3 to the Schedule 13D is filed in accordance with Rule 13d-2 of the
Securities Exchange Act of 1934, as amended, by the reporting person. It
shall refer only to information which has materially changed since the filing
of the Schedule 13D.
CUSIP No. 404 132 102 Page 2 of 6
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<S> <C>
ITEM 1. SECURITY AND ISSUER
Unchanged.
ITEM 2. IDENTITY AND BACKGROUND
(A) NAME.
Unchanged.
(B) BUSINESS ADDRESS.
Unchanged.
(C) PRESENT PRINCIPAL OCCUPATION.
Item 2(C) is hereby amended and restated as follows:
Stephen J. Lockwood's principal occupation is serving as
Director and Vice Chairman of the Board of HCC Insurance
Holdings, Inc. and as Chief Executive Officer of LDG
Reinsurance Corporation.
(D) CONVICTION(S) IN ANY CRIMINAL PROCEEDING.
Unchanged.
(E) PARTY TO CIVIL PROCEEDING(S) PERTAINING TO STATE OR
FEDERAL SECURITIES LAWS.
Unchanged.
(F) CITIZENSHIP.
Unchanged.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Unchanged.
ITEM 4. PURPOSE OF THE TRANSACTION
Unchanged.
ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER.
(A) Item 5(A) is hereby amended and restated as follows:
AGGREGATE NUMBER AND PERCENTAGE OF SECURITIES
BENEFICIALLY OWNED:
Mr. Lockwood currently beneficially owns 2,874,835
shares (5.9%) of the common stock of HCC Insurance
Holdings, Inc. ("HCC Common Stock"). This amount
includes 315,000 shares which he has a right to acquire
upon the exercise of options within 60
CUSIP No. 404 132 102 Page 3 of 6
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days from the date hereof.
(B) Item 5(B) is hereby amended and restated as follows:
NUMBER OF SHARES AS TO WHICH REPORTING PERSON HAS:
SOLE POWER TO VOTE OR DIRECT THE VOTE:
2,874,835
SHARED POWER TO VOTE OR DIRECT THE VOTE:
Not applicable.
SOLE POWER TO DISPOSE OR DIRECT THE DISPOSITION OF:
2,874,835
(C) TRANSACTIONS EFFECTED DURING THE PAST 60 DAYS.
Item 5(C) is hereby amended and restated as follows:
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DISPOSITIONS
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<CAPTION>
DATE NUMBER OF SHARES PRICE PER SHARE TRANSACTION
---- ---------------- --------------- -----------
<S> <C> <C> <C>
5/17/99 250,000 21.50 Sale made on the open market or in
private sale.
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<TABLE>
<CAPTION>
<S> <C>
(D) OTHER PERSON WITH RIGHT TO RECEIVE OR DIRECT THE
RECEIPT OF DIVIDENDS FROM OR THE PROCEEDS OF THE SALE
OF THE SECURITIES.
Unchanged.
(E) DATE UPON WHICH THE REPORTING PERSON CEASED TO BE THE
BENEFICIAL OWNER OF MORE THAN 5% OF THE SECURITIES.
Unchanged.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Unchanged.
ITEM 7. EXHIBITS
(A) **Agreement and Plan of Reorganization dated as of
February 22, 1996 by and among HCC Insurance Holdings,
Inc., Merger Sub, Inc., LDG Management Company
CUSIP No. 404 132 102 Page 4 of 6
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Incorporated, SRRF Management Incorporated, Medical
Reinsurance Underwriters Incorporated, LDG Worldwide
Limited, and LDG Insurance Agency Incorporated, Stephen
J. Lockwood and Walter L. Suydam.
(B) **Affiliates Agreement dated as of May 24, 1996 by and
between Stephen J. Lockwood and HCC Insurance
Holdings, Inc.
</TABLE>
**Previously filed with the Schedule 13D.
CUSIP No. 404 132 102 Page 5 of 6
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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.
7/7/99
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(Date)
/s/Stephen J. Lockwood
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(Signature)
CUSIP No. 404 132 102 Page 6 of 6
