UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
TIG Holdings Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
872469101
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(CUSIP Number)
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* 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 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).
<PAGE>
SCHEDULE 13G
CUSIP No. 872469101
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
General Electric Investment Corporation, as Investment Adviser to certain
entities and accounts
I.R.S. #22-2152310
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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 Citizenship or Place of Organization
State of Delaware
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5 Sole Voting Power
Number of
Shares 2,188,071
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 7 Sole Dispositive Power
2,188,071
--------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
2,188,071
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
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11 Percent of Class Represented By Amount in Row (9)
3.9% (5.1% if aggregated with the shares owned by GE Investment Management
Incorporated)
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12 Type of Reporting Person*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 12 Pages
<PAGE>
SCHEDULE 13G
CUSIP No. 872469101
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GE Investment Management Incorporated, as Investment Adviser to certain
entities and accounts
(I.R.S. #06-1238874)
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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 Citizenship or Place of Organization
State of Delaware
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5 Sole Voting Power
Number of
Shares 652,142
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 7 Sole Dispositive Power
652,142
--------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
652,142
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented By Amount in Row (9)
1.2% (5.1% if aggregated with the shares owned by General Electric
Investment Corporation)
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12 Type of Reporting Person*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 12 Pages
<PAGE>
SCHEDULE 13G
CUSIP No. 872469101
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
General Electric Company
(I.R.S. #14-0689340)
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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 Citizenship or Place of Organization
State of New York
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5 Sole Voting Power
Number of
Shares Disclaimed (see 9 below)
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 7 Sole Dispositive Power
Disclaimed (see 9 below)
--------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
Beneficial ownership of all shares disclaimed by General Electric Company
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
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11 Percent of Class Represented By Amount in Row (9)
Not applicable
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12 Type of Reporting Person*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 12 Pages
<PAGE>
INTRODUCTORY NOTE: General Electric Investment Corporation ("GEIC"), as an
Investment Adviser (registered under the Investment Advisers Act of 1940) to
certain entities and accounts, may be deemed to be a beneficial owner of
2,188,071 shares of Common Stock owned by such entities or accounts. GE
Investment Management Incorporated ("GEIM"), as an Investment Adviser
(registered under the Investment Advisers Act of 1940) to certain entities and
accounts, may be deemed to be a beneficial owner of 650,541 shares of Common
Stock owned by such entities or accounts. GEIC and GEIM each expressly disclaim
beneficial ownership of Shares of Common Stock owned by filing persons other
than itself. GEIC and GEIM expressly disclaim that they are members of a "group"
but collectively hold 2,838,612 shares of Common Stock. General Electric
Company, a New York corporation, disclaims beneficial ownership of all shares.
General Electric Company expressly disclaims that it is a member of a "group".
Item 1(a) Name of Issuer
TIG Holdings Inc. (the "Company")
Item 1(b) Address of Issuer's Principal Executive Office
5205 N. O'Connor Boulevard
Irving, Texas 75039
Item 2(a) Name of Person Filing
General Electric Investment Corporation ("GEIC"), as
Investment Adviser to certain entities and accounts
GE Investment Management Incorporated ("GEIM"), as Investment
Adviser to certain entities and accounts
General Electric Company (see Schedule 1)
Item 2(b) Address of Principal Business Office
The address of the principal offices of General Electric
Investment Corporation and GE Investment Management
Incorporated is 3003 Summer Street, Stamford, Connecticut
06904. The address of the principal offices of General
Electric Company is 3135 Easton Turnpike, Fairfield,
Connecticut 06431.
Item 2(c) Citizenship
General Electric Investment Corporation - Delaware
GE Investment Management Incorporated - Delaware
General Electric Company - New York
Page 5 of 12 Pages
<PAGE>
Item 2(d) Title of Class of Securities
Common Stock
Item 2(e) CUSIP Number
872469101
Item 3 If this statement is filed pursuant to Rules 13d- 1(b) or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section
15 of the Act
(b) [ ] Bank as defined in Section 3(a) of the
Act
(c) [ ] Insurance Company as defined in Section
3(a)(19) of the Act
(d) [ ] Investment Company registered under
Section 8 of the Investment Company Act
(e) [ ] Investment Adviser registered under
Section 203 of the Investment Advisers
Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which
is subject to the provisions of the
Employee Retirement Income Security Act
of 1974 or Endowment Fund; see ss.240.13d-
1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance
with ss.240.13d-1(b)(ii)(G) (Note: See Item
7)
(h) [X] Group, in accordance with ss.240.13d-
1(b)(1)(ii)(H)
Item 4 Ownership
(see cover pages and introductory note)
Page 6 of 12 Pages
<PAGE>
Item 5 Ownership of Five Percent of Less of a Class
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [ ].
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
Not applicable.
Item 9 Notice of Dissolution of Group
Not applicable
<PAGE>
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.
February 14, 1997 GENERAL ELECTRIC INVESTMENT
CORPORATION, as Investment Adviser
to certain entities and accounts
By: /s/ Alan M. Lewis
------------------------------------
Alan M. Lewis
Executive Vice President
GE INVESTMENT MANAGEMENT
INCORPORATED, as Investment Adviser
to certain entities and accounts
By: /s/ Alan M. Lewis
------------------------------------
Alan M. Lewis
Executive Vice President
GENERAL ELECTRIC COMPANY
BY: /s/ John H. Myers
------------------------------------
John H. Myers
Vice President
<PAGE>
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.
February 14, 1997 GENERAL ELECTRIC INVESTMENT
CORPORATION, as Investment Adviser
to certain entities and accounts
By: /s/ Alan M. Lewis
------------------------------------
Alan M. Lewis
Executive Vice President
<PAGE>
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.
February 14, 1997 GE INVESTMENT MANAGEMENT
INCORPORATED, as
Investment Adviser to certain
entities and accounts
By: /s/ Alan M. Lewis
------------------------------------
Alan M. Lewis
Executive Vice President
<PAGE>
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.
February 14, 1997 GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
------------------------------------
John H. Myers
Vice President
<PAGE>
SCHEDULE I
JOINT FILING AGREEMENT
This will confirm the agreement by and between all the undersigned that the
Schedule 13G on or about this date and any amendments thereto with respect to
the beneficial ownership by the undersigned of shares of the Common Stock of TIG
Holdings Inc. is being filed on behalf of each of the undersigned.
GENERAL ELECTRIC INVESTMENT
CORPORATION, as Investment Adviser
to certain entities and accounts
By: /s/ Alan M. Lewis
------------------------------------
Alan M. Lewis
Executive Vice President
GE INVESTMENT MANAGEMENT
INCORPORATED, as Investment Adviser
to certain entities and accounts
By: /s/ Alan M. Lewis
------------------------------------
Alan M. Lewis
Executive Vice President
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
------------------------------------
John H. Myers
Vice President
