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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)
WHITE RIVER CORPORATION
(Name of Issuer)
Common Stock, Par Value $.01 Per Share
and associated
Rights to Purchase Shares of
Series B Participating Cumulative Preferred Stock
(Title of Class of Securities)
964452 10 6
(CUSIP Number)
Check the following box if a fee is being paid with this 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 less than five percent
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 the "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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Page 1 of 6 pages
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CUSIP No. 964452 10 6 Page 2 of 6 pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John J. Byrne
S.S. No. ###-##-####
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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
United States
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5 SOLE VOTING POWER
NUMBER OF 835,112**
SHARES ---------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH ---------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 835,112**
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
835,112**
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES / /
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11 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
17.1%**
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12 TYPE OF REPORTING PERSON
IN
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** For additional information, see Schedule A hereto.
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Item 1(a). Name of Issuer:
This Statement on Schedule 13G (the "Statement") relates to the common
stock, par value $.01 per share (the "Common Stock"), of White River
Corporation, a Delaware corporation ("White River"), including the associated
rights to purchase shares of Series B Participating Cumulative Preferred
Stock, par value $1.00 per share, of White River.
Item 1(b). Address of Issuer's Principal Executive Offices:
777 Westchester Avenue, Suite 201, White Plains, New York, 10604.
Item 2(a). Name of Person Filing:
John J. Byrne.
Item 2(b). Address of Principal Business Office:
80 South Main Street, Hanover, New Hampshire 03755
Item 2(c). Citizenship:
United States.
Item 2(d). Title of Class of Securities:
Common stock, par value $.01 per share, of White River, including the
associated rights to purchase shares of Series B Participating Cumulative
Preferred Stock, par value $1.00 per share, of White River.
Item 2(e). CUSIP Number:
964452 10 6
Item 3. If this Statement is Filed Pursuant to Rules 13d-1(b), or 13d-2(b),
Check Whether the Person Filing is a:
Not applicable.
Page 3 of 6 pages
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Item 4. Ownership.
(a) Amount Beneficially Owned: 835,112 shares of Common Stock.
(b) Percent of Class: 17.1%
(c) Number of Shares as to Which Mr. Byrne has:
(i) sole power to vote or to direct the vote:
835,112
(ii) shared power to vote or to direct the vote:
Zero
(iii) sole power to dispose or to direct the disposition of:
835,112
(iv) shared power to dispose or to direct the disposition of:
Zero
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.
Mr. Byrne is the Chairman of the Board of Fund American Enterprises
Holdings, Inc. ("Fund American"), which beneficially owned 1,014,750 shares
of Common Stock (representing approximately 20.8% of the outstanding shares
of Common Stock) as of December 31, 1997. Mr. Byrne believes that Mr. Byrne
and Fund American do not constitute a group with respect to the Common Stock
owned by them and Mr. Byrne disclaims any beneficial ownership of the shares
of Common Stock owned by Fund American.
Page 4 of 6 pages
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Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
Page 5 of 6 pages
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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.
Date: February 5, 1998
By:
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Name: John J. Byrne
Page 6 of 6 pages
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SCHEDULE A
BENEFICIAL OWNERSHIP OF COMMON STOCK
The 17.1% of the common stock of White River Corporation ("White River")
shown in the foregoing Schedule 13G as beneficially owned by John J. Byrne
("Mr. Byrne") was calculated using 4,874,756 shares outstanding, as shown in
the Company's most recent 10-Q filing dated November 10, 1997.
The 835,112 shares of the common stock of White River shown in the
foregoing Schedule 13G as beneficially owned by Mr. Byrne represent (a)
484,250 shares held indirectly by Mr. Byrne in a trust in which Mr. Byrne is
deemed to share investment control; (b) 350,000 shares held by Byrne & Sons
lp (I.R.S. Identification No. 03-0338975) of which Mr. Byrne is sole general
partner and has sole voting and dispositive power; and (c) 862 shares in an
Individual Retirement Account as to which Mr. Byrne has sole voting and
dispositive power.
