UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
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)
Check the following box if a fee is being paid with the 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 cover 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. 872469101 13G Page 2 of 9 Pages
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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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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 144,720
OWNED BY ----------------------------------------------------------
EACH 6
REPORTING SHARED VOTING POWER
PERSON ----------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
144,720
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8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
144,720
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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
0.3% (1.3% 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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Page 2 of 9
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CUSIP No. 872469101 13G Page 3 of 9 Pages
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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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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 507,536
OWNED BY ----------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON
WITH ----------------------------------------------------------
7 SOLE DISPOSITIVE POWER
507,536
----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
507,536
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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
1% (1.3% 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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Page 3 of 9
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CUSIP No. 872469101 13G Page 4 of 9 Pages
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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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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY Disclaimed (see 9 below)
OWNED BY ----------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 0
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 9
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INTRODUCTORY NOTE: This Amendment No. 1 amends the Statement on Schedule 13G
(the "Schedule 13G") filed by General Electric Company, a New York corporation
("GE"), General Electric Investment Corporation, a Delaware corporation and a
wholly owned subsidiary of GE ("GEIC") and GE Investment Management
Incorporated, a Delaware corporation and a wholly owned subsidiary of GE
("GEIM") on February 18, 1997. GEIC acts as an Investment Adviser (registered
under the Investment Advisers Act of 1940) to certain entities and accounts, and
may be deemed to be a beneficial owner of 507,536 shares of Common Stock of TIG
Holdings Inc. (the "Issuer") owned by such entities and accounts. GEIM acts as
an Investment Adviser (registered under the Investment Advisers Act of 1940) to
certain entities and accounts, and may be deemed to be a beneficial owner of
144,720 shares of Common Stock of the Issuer owned by such entities or accounts.
GEIM and GEIC each expressly disclaim that they are members of a "group". GE
disclaims beneficial ownership of all shares and expressly disclaims that it is
a member of a "group".
The Items from the Schedule 13G are hereby amended to read as
follows:
Item 5 Ownership of Five Percent or 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 [X].
Page 5 of 9
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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.
Dated: February 12, 1998
GENERAL ELECTRIC INVESTMENT
CORPORATION, as Investment Adviser to
certain entities and accounts
By: /s/ Michael M. Pastore
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Name: Michael M. Pastore
Title: Vice President
Page 6 of 9
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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.
Dated: February 12, 1998
GE INVESTMENT MANAGEMENT INCORPORATED, as
Investment Adviser to
certain entities and accounts
By: /s/ Michael M. Pastore
----------------------------
Name: Michael M. Pastore
Title: Vice President
Page 7 of 9
<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.
Dated: February 12, 1998
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
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Name: John H. Myers
Title: Vice President
Page 8 of 9
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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.
Dated: February 12, 1998
GENERAL ELECTRIC INVESTMENT
CORPORATION, as Investment Adviser to
certain entities and accounts
By: /s/ Michael M. Pastore
------------------------------------
Name: Michael M. Pastore
Title: Vice President
GE INVESTMENT MANAGEMENT
INCORPORATED, as Investment Adviser to
certain entities and accounts
By: /s/ Michael M. Pastore
------------------------------------
Name: Michael M. Pastore
Title: Vice President
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
------------------------------------
Name: John H. Myers
Title: Vice President