UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
(Rule 13d-102)
Under the Securities Exchange Act of 1934
(Amendment No. 1)
The Guardian Life Insurance Company of America
----------------------------------------------------
(Name of Issuer)
Common
----------------------------------------------------
(Title of Class of Securities)
13123x102
----------------------------------------------------
(CUSIP Number)
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).
<PAGE>
CUSIP No. 13123x102 13G Page 1 of 10 pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Guardian Life Insurance Company of America
13-5123390
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
a. |X|
b. |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
201 Park Avenue South
New York, New York 10003
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES Right to Acquire 463,692 Shares of Common Stock.
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 67,100 shares plus the Right to Acquire 36,368 shares
PERSON of common stock (see pages 7 and 8).
WITH --------------------------------------------------------
7 SOLE DISPOSITIVE POWER
Right to acquire 463,692 shares of common stock.
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
67,100 shares plus the Right to Acquire 36,368 shares
of common stock (see pages 7 and 8).
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,060 shares upon conversion of 220,000 shares of $2.125 convertible
preferred stock plus 248,000 shares (64,300 + 64,300 + 30,500 + 21,800 +
67,100)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Right to acquire 8.95% of common stock
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IC
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 13123x102 13G Page 2 of 10 pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Guardian Investor Services Corporation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
a. |X|
b. |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
201 Park Avenue South
New York, New York 10003
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 180,900 (See pages 3-6)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
180,900 (See pages 3-6)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,060 shares upon conversion of 220,000 shares of $2.125 convertible
preferred stock plus 248,000 shares (64,300 + 64,300 + 30,500 + 21,800 +
67,100)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Right to acquire 8.95% of common stock
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 13123x102 13G Page 3 of 10 pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Guardian Park Avenue Fund
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
a. |X|
b. |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
201 Park Avenue South
New York, New York 10003
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 64,300 (See page 2)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
64,300 (See page 2)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,060 shares upon conversion of 220,000 shares of $2.125 convertible
preferred stock plus 248,000 shares (64,300 + 64,300 + 30,500 + 21,800 +
67,100)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Right to acquire 8.95% of common stock
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IV
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 13123x102 13G Page 4 of 10 pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Guardian Stock Fund, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
a. |X|
b. |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
201 Park Avenue South
New York, New York 10003
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 64,300 (See page 2)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
64,300 (See page 2)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,060 shares upon conversion of 220,000 shares of $2.125 convertible
preferred stock plus 248,000 shares (64,300 + 64,300 +30,500 +21,800 +
67,100)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Right to acquire 8.95% of common stock
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IV
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 13123x102 13G Page 5 of 10 pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Guardian Park Avenue Small Cap Fund
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
a. |X|
b. |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
201 Park Avenue South
New York, New York 10003
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 30,500 (See page 2)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
30,500 (See page 2)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,060 shares upon conversion of 220,000 shares of $2.125 convertible
preferred stock plus 248,000 shares (64,300 + 64,300 + 30,500 + 21,800 +
67,100)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Right to acquire 8.95% of common stock
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IV
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 13123x102 13G Page 6 of 10 pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Guardian Small Cap Stock Fund
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
a. |X|
b. |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
201 Park Avenue South
New York, New York 10003
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 21,800 (See page 2)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
21,800 (See page 2)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,060 shares upon conversion of 220,000 shares of $2.125 convertible
preferred stock plus 248,000 shares (64,300 + 64,300 + 30,500 + 21,800 +
67,100)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Right to acquire 8.95% of common stock
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IV
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 13123x102 13G Page 7 of 10 pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Guardian Employee's Incentive Savings Plan
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
a. |X|
b. |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
201 Park Avenue South
New York, New York 10003
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 67,100 (See page 2)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
67,100 (See page 2)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,060 shares upon conversion of 220,000 shares of $2.125 convertible
preferred stock plus 248,000 shares (64,300 + 64,300 + 30,500 + 21,800 +
67,100)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Right to acquire 8.95% of common stock
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 13123x102 13G Page 8 of 10 pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Guardian Life Insurance Company of America
Master Pension Trust
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
a. |X|
b. |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
201 Park Avenue South
New York, New York 10003
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING Right to Acquire 36,368 shares of common stock
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Right to Acquire 36,368 shares of common stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,060 shares upon conversion of 220,000 shares of $2.125 convertible
preferred stock plus 248,000 shares (64,300 + 64,300 + 30,500 + 21,800 +
67,100)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Right to acquire 8.95% of common stock
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IV
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 9 of 10 pages
Item 1. (a) Callon Petroleum
(b) 200 North Canal Street
Natchez, MS 39120
Item 2. (a) Incorporated by reference to Item 1 of the second parts of the
cover page (pages 1-8 of this Schedule 13G)
(b) 201 Park Avenue South, New York, New York 10003
(c) New York, U.S.A.
(d) Common Stock and Convertible Preferred Stock
(e) CUSIP 13123x102
Item 3. (c) Insurance Company as defined in section 3(a)(19) of the Act
Item 4. (a) 248,000 shares plus )
the right to acquire )
500,060 shares of common )
stock upon conversion of )
204,000 shares of the )
issuer's $2.125 )
convertible preferred )
stock. )
)
(b) Right to acquire 8.95% )
shares of common stock )
)
(c) (i) Right to acquire ) Cumulative totals from Items 5-8, 9
463,692 shares of ) and 11 of the second parts of the
common stock ) cover page (pages 1-8 of this
) Schedule 13G) which are incorporated
(ii) 248,000 shares plus ) herein by reference.
the right to acquire )
36,368 shares of )
common stock )
)
(iii) Right to acquire )
463,692 shares of )
common stock )
)
(iv) 248,000 shares plus )
the right to acquire )
36,368 shares of )
common stock )
Item 5. Not Applicable
Item 6. Not Applicable
Item 7. Not Applicable
Item 8. Identification and Classification of Members of the Group.
a. The Guardian Life Insurance Company of America ("Guardian Life"), an
insurance company as defined in Section 3(a)(19) of the Act. IC.
b. Guardian Investor Services Corporation ("GISC"), a wholly-owned subsidiary
of Guardian Life which is registered as an investment adviser under Section
203 of the Investment Advisers Act of 1940, and which has entered into
Investment Advisory Agreements with The Guardian Park Ave. Fund, Inc. and
The Guardian Stock Fund, Inc. IA.
c. The Guardian Park Avenue Fund, a mutual fund sponsored by Guardian
Life and managed by GISC which is registered as an investment company
under Section 8 of the Investment Company Act of 1940 (the "1940
Act"). IV.
d. The Guardian Stock Fund, Inc., a mutual fund sponsored by Guardian
Life and managed by GISC which is registered as an investment company
under Section 8 of the 1940 Act. IV.
e. The Guardian Park Avenue Small Cap Fund, a mutual fund sponsored by
Guardian Life and managed by GISC which is registered as an investment
company under Section 8 of the 1940 Act. IV.
f. The Guardian Small Cap Stock Fund, a mutual fund sponsored by Guardian
Life and managed by GISC which is registered as an investment company
under Section 8 of the 1940 Act. IV.
g. The Guardian Employees' Incentive Savings Plan, an employee benefit
plan offered to employees of Guardian Life which is subject to the
provisions of the Employees Retirement Income Security Act of 1974
("ERISA") EP.
h. The Guardian Life Insurance Company of America Master Pension Trust, a
pension fund for the the employees of Guardian Life which is subject to
ERISA. EP.
<PAGE>
Page 9 of 10 pages
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
By signing below we certify that, to the best of our 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 purpose or effect.
(This space intentionally left blank)
<PAGE>
Page 10 of 10 pages
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief,
we each certify that the information set forth in this statement is true,
complete and correct.
Each of the undersigned hereby agrees that the forgoing Schedule 13G
is to be filed on its behalf by The Guardian Life Insurance Company of
America.
Date: February 11, 1998
The Guardian Life Insurance Company of America
By: /s/ Edward K. Kane
---------------------------------------------
Edward K. Kane, Executive Vice President
Guardian Investor Services Corporation
By: /s/ John M. Smith
---------------------------------------------
John M. Smith, President
The Guardian Park Avenue Fund
By: /s/ Nikolaos Monoyios
---------------------------------------------
Nikolaos Monoyios, Vice President
The Guardian Stock Fund, Inc.
By: /s/ Nikolaos Monoyios
---------------------------------------------
Nikolaos Monoyios, Vice President
The Guardian Park Avenue Small Cap Fund
By: /s/ Nikolaos Monoyios
---------------------------------------------
Nikolaos Monoyios, Vice President
The Guardian Small Cap Stock Fund
By: /s/ John M. Smith
---------------------------------------------
John M. Smith, President
The Guardian Employees' Incentive Savings Plan
By: /s/ Edward K. Kane
---------------------------------------------
Edward K. Kane, Trustee
The Guardian Life Insurance Company of America
Master Pension Trust
By: /s/ Edward K. Kane
---------------------------------------------
Edward K. Kane, Trustee
