UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13G
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
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ContiFinancial Corporation
(Name of Issuer)
Common Stock, Par Value $0.01 Per Share
(Title of Class of Securities)
21075V 10 7
(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 the
disclosures provided in a prior 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).
The total number of shares of common stock reported herein is 36,313,121, or
77.68% of the Issuer's shares outstanding. All ownership percentages set forth
herein assume that there are 46,749,435 shares outstanding, and ownership
figures are reported as of 12/31/98.
1
<PAGE>
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(1) Names of Reporting Persons.
Continental Grain Company
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a)[ ]
(b)[x]
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Delaware
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Number of Shares (5) Sole Voting Power:
Beneficially 36,276,121
Owned by --------------------------------------------
Each Reporting (6) Shared Voting Power:
Person With -0-
--------------------------------------------
(7) Sole Dispositive Power:
36,276,121
--------------------------------------------
(8) Shared Dispositive Power:
-0-
- --------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
36,276,121
- --------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
- --------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
77.60%
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(12) Type of Reporting Person
CO
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2
<PAGE>
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(1) Names of Reporting Persons.
Paul J. Fribourg
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a)[ ]
(b)[x]
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power:
Beneficially 37,000
Owned by --------------------------------------------
Each Reporting (6) Shared Voting Power:
Person With 36,276,121
--------------------------------------------
(7) Sole Dispositive Power:
37,000
--------------------------------------------
(8) Shared Dispositive Power:
36,276,121
- --------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
36,313,121
- --------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
- --------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
77.68%
- --------------------------------------------------------------------------------
(12) Type of Reporting Person
IN
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3
<PAGE>
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(1) Names of Reporting Persons.
Michel Fribourg
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a)[ ]
(b)[x]
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power:
Beneficially 17,000
Owned by --------------------------------------------
Each Reporting (6) Shared Voting Power:
Person With -0-
--------------------------------------------
(7) Sole Dispositive Power:
17,000
--------------------------------------------
(8) Shared Dispositive Power:
-0-
- --------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
17,000
- --------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
- --------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
0.04%
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(12) Type of Reporting Person
IN
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4
<PAGE>
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(1) Names of Reporting Persons.
Mary Ann Fribourg
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(2) Check the Appropriate Box if a Member of a Group (a)[ ]
(b)[x]
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power:
Beneficially -0-
Owned by --------------------------------------------
Each Reporting (6) Shared Voting Power:
Person With 36,276,121
--------------------------------------------
(7) Sole Dispositive Power:
-0-
--------------------------------------------
(8) Shared Dispositive Power:
36,276,121
- --------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
36,276,121
- --------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
- --------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
77.60%
- --------------------------------------------------------------------------------
(12) Type of Reporting Person
IN
- --------------------------------------------------------------------------------
5
<PAGE>
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(1) Names of Reporting Persons.
Donald L. Staheli
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a)[ ]
(b)[x]
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power:
Beneficially 45,000
Owned by --------------------------------------------
Each Reporting (6) Shared Voting Power:
Person With -0-
--------------------------------------------
(7) Sole Dispositive Power:
45,000
--------------------------------------------
(8) Shared Dispositive Power:
-0-
- --------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
45,000
- --------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
- --------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
0.10%
- --------------------------------------------------------------------------------
(12) Type of Reporting Person
IN
- --------------------------------------------------------------------------------
6
<PAGE>
Item 1(a). NAME OF ISSUER: ContiFinancial Corporation
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE
OFFICES: 277 Park Avenue
New York, NY 10172
Item 2(a). NAMES OF PERSONS FILING:
Pursuant to Rules 13d-1(f)(1)-(2) of Regulation 13D-G of the Rules and
Regulations under the Securities and Exchange Act of 1934, as amended (the Act),
the undersigned hereby file this Schedule 13G Statement on behalf of Continental
Grain Company, a Delaware corporation, Paul J. Fribourg, Michel Fribourg, Mary
Ann Fribourg and Donald L. Staheli(collectively, the Reporting Persons).
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
Continental Grain Company
277 Park Avenue
New York, NY 10172
Paul J. Fribourg
C/o Continental Grain Company
277 Park Avenue
New York, NY 10172
Michel Fribourg
C/o Continental Grain Company
277 Park Avenue
New York, NY 10172
Mary Ann Fribourg
C/o Continental Grain Company
277 Park Avenue
New York, NY 10172
Donald L. Staheli
39 Locust Street
New Canaan, CT 06840
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<PAGE>
Item 2(c). CITIZENSHIP:
Continental Grain Company: Delaware
Paul J. Fribourg: USA
Michel Fribourg: USA
Mary Ann Fribourg: USA
Donald L. Staheli: USA
Item 2(d). TITLE OF CLASS OF SECURITIES: Common Stock,
Par Value $0.01 Per Share
Item 2(e). CUSIP NUMBER: 21075V 10 7
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)[ ] a Bank as defined in section 3(a)(6) of the Act
(c)[ ] an Insurance Company as defined in section 3(a)(19) of the
Act
(d)[ ] an Investment Company registered under section 8 of the
Investment Company Act
(e)[ ] any person registered as an Investment Adviser under
section 203 of the Investment Advisers Act of 1940 or under
the laws of any state
(f)[ ] an Employee Benefit Plan as defined in section 3(3) of the
Employee Retirement Income Security Act of 1974, as amended,
("ERISA") that is subject to the provisions of ERISA, or any
such plan that is not subject to ERISA that is maintained
primarily for the benefit of the employees of a state or
local instrumentality, or an Endowment Fund
(g)[ ] a Parent Holding Company or Control Person, provided the
aggregate amount held directly by the Parent or Control
Person, and directly and indirectly by their subsidiaries or
affiliates that
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<PAGE>
are not persons specified in ss.240.13d-1(b)(1)(ii)(A)-(I),
does not exceed one percent of the securities of the subject
class
(h)[ ] a Savings Association as defined in section 3(b) of the
Federal Deposit Insurance Act
(i)[ ] a Church Plan that is excluded from the definition of an
Investment Company under section 3(c)(14) of the Investment
Company Act of 1940
(j)[ ] a Group, provided that all the members are persons
specified in ss.240.13d-1(b)(1)(ii)(A)-(I)
Item 4. OWNERSHIP.
If the percent of the class owned, as of December 31 of the year covered by
the statement, or as of the last day of any month described in Rule 13d-1(b)(2),
if applicable, exceeds five percent, provide the following information as of
that date and identify those shares which there is a right to acquire.
(a)-(b) AMOUNT BENEFICIALLY OWNED and PERCENT OF
CLASS:
Continental Grain Company: Continental Grain Company beneficially owns,
pursuant to rule 13d-3 of the Act, 36,276,121 shares, or 77.60%, of the Issuer's
common stock.
Paul J. Fribourg: Because of his position as President and Chief Executive
Officer of Continental Grain Company, and because of his position as general
partner of the Paul Fribourg Family L.P. (the "Family L.P."), Paul J. Fribourg
may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of
36,313,121 shares of the Issuer's common stock in the aggregate, which
constitutes approximately 77.68% of the Issuer's outstanding shares of common
stock. Pursuant to Rule 13-d(4) of the Act, Paul J. Fribourg disclaims
beneficial ownership of the shares of the Issuer's common stock owned by
Continental Grain Company and the Family L.P., except to the extent of his
pecuniary interest therein.
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<PAGE>
Michel Fribourg: Michel Fribourg beneficially owns 17,000 shares of the
Issuer's common stock in the aggregate, which constitutes approximately 0.04% of
the Issuer's outstanding shares of common stock.
Mary Ann Fribourg: Because of her position as a controlling shareholder of
Continental Grain Company, Mary Ann Fribourg may, pursuant to Rule 13d-3 of the
Act, be deemed to be the beneficial owner of 36,276,121 shares of the Issuer's
common stock in the aggregate, which constitutes approximately 77.60% of the
Issuer's outstanding shares of common stock. Pursuant to Rule 13-d(4) of the
Act, Mary Ann Fribourg disclaims beneficial ownership of the shares of the
Issuer's common stock owned by Continental Grain Company, except to the extent
of her pecuniary interest therein.
Donald L. Staheli: Donald L. Staheli beneficially owns 45,000 shares of the
Issuer's common stock in the aggregate, which constitutes approximately 0.10% of
the Issuer's outstanding shares of common stock.
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
Continental Grain Company: Continental Grain Company has the sole power to
vote or direct the vote and to dispose or direct the disposition of 36,276,121
shares of the Issuer's common stock.
Paul J. Fribourg: As the President and Chief Executive Officer of
Continental Grain Company, Paul J. Fribourg has the shared power to vote or
direct the vote and to dispose or direct the disposition of 36,276,121 shares of
the Issuer's common stock. As the general partner of the Family L.P., Paul J.
Fribourg has the sole power to vote or direct the vote and to dispose or direct
the disposition of 37,000 shares of the Issuer's common stock.
Michel Fribourg: As an individual shareholder, Michel Fribourg has the sole
power to vote or direct the vote and to dispose or direct the disposition of
17,000 shares of the Issuer's common stock.
10
<PAGE>
Mary Ann Fribourg: As a controlling shareholder of Continental Grain
Company, Mary Ann Fribourg, who is the spouse of Michel Fribourg, a director of
Continental Grain Company, has the shared power to vote or direct the vote and
to dispose or direct the disposition of 36,276,121 shares of the Issuer's common
stock.
Donald L. Staheli: As an individual shareholder, Donald L. Staheli has the
sole power to vote or direct the vote and to dispose or direct the disposition
of 45,000 shares of the Issuer's common stock.
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]
Michel Fribourg: Michel Fribourg, a director of Continental Grain Company
and the spouse of Mary Ann Fribourg, ceased to be a controlling shareholder of
Continental Grain Company in 1997 and thus has ceased to have shared voting and
shared dispositive power of more than 5% of the outstanding common stock of the
Issuer.
Donald L. Staheli: Donald L. Staheli retired as Chief Executive Officer of
Continental Grain Company in 1998 and thus has ceased to have shared voting and
shared dispositive power of more than 5% of the outstanding common stock of the
Issuer.
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
No person other than the Reporting Persons has the right to receive or the
power to direct receipt of dividends from, or the proceeds from the sale of, the
shares of the Issuer's common stock owned by them.
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<PAGE>
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
The information requested in Item 7 is inapplicable to this filing.
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
This Schedule 13G Statement is being filed on behalf of each
of the Reporting Persons pursuant to Rules 13d-1(d) and 13d- 1(k)(1). The
identity of each of the Reporting Persons is set forth in Item 2(a) hereof. The
agreement required by Rule 13d- 1(k)(1)(iii) is attached hereto as Exhibit A.
Item 9. NOTICE OF DISSOLUTION OF GROUP.
It is inapplicable for the purposes herein to provide notice of the
dissolution of a group.
Item 10. CERTIFICATION.
Not Applicable.
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<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Date: February 11, 1999
Continental Grain Company
By:/s/ Paul J. Fribourg
---------------------------------
Name: Paul J. Fribourg
Title: President and
Chief Executive Officer
/s/ Paul J. Fribourg
---------------------------------
Paul J. Fribourg
/s/ Michel Fribourg
---------------------------------
Michel Fribourg
/s/ Mary Ann Fribourg
---------------------------------
Mary Ann Fribourg
/s/ Donald L. Staheli
---------------------------------
Donald L. Staheli
13
<PAGE>
Exhibit A:
Pursuant to Rule 13d-1(k)(1)(iii) of Regulation 13D-G of the Rules and
Regulations of the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended, the undersigned agree that the statement to
which this Exhibit is attached is filed on behalf of them in their capacities
set forth hereinbelow.
Date: February 11, 1999
Continental Grain Company
By:/s/ Paul J. Fribourg
---------------------------------
Name: Paul J. Fribourg
Title: President and
Chief Executive Officer
/s/ Paul J. Fribourg
---------------------------------
Paul J. Fribourg
/s/ Michel Fribourg
---------------------------------
Michel Fribourg
/s/ Mary Ann Fribourg
---------------------------------
Mary Ann Fribourg
/s/ Donald L. Staheli
---------------------------------
Donald L. Staheli
14
