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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Stone Container Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
861589109
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(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 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. 861589109 13G PAGE 2 OF 4 PAGES
------------ --- ----
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Reliance Financial Services Corporation
I.R.S. Employer Identification No.: 51-0113548
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5. SOLE VOTING POWER
2,529,200 (See Note 1 on page 4)
NUMBER OF SHARES
6. SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING
7. SOLE DISPOSITIVE POWER
PERSON WITH
2,529,200 (See Note 1 on page 4)
8. SHARED DISPOSITIVE POWER
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,529,200 (See Note 1 on page 4)
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.7% (See Note 1 on page 4)
12. TYPE OF REPORTING PERSON*
HC
*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a) Name of Issuer:
Stone Container Corporation
...................................................................
Item 1(b) Address of Issuer's Principal Executive Offices:
150 North Michigan Avenue, Chicago, Illinois 60601
...................................................................
Item 2(a) Name of Person Filing:
Reliance Financial Services Corporation
...................................................................
Item 2(b) Address of Principal Business Office or, if none, Residence:
Park Avenue Plaza, 55 East 52nd Street, New York, New York l0055
...................................................................
Item 2(c) Citizenship:
Delaware
...................................................................
Item 2(d) Title of Class of Securities:
Common Stock, $.01 par value
...................................................................
Item 2(e) CUSIP Number:
861589109
...................................................................
Item 3 (g) [X] Parent Holding Company, in accordance with (S)240.13d-
1(b)(ii)(G)
Item 4. Ownership.
(a) Amount Beneficially Owned As of December 3l, l994
2,529,200 (See Note 1 on page 4)
...................................................................
(b) Percent of Class:
2.7% (See Note 1 on page 4)
...................................................................
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
2,529,200 (See Note 1 on page 4)
...................................................................
(ii) shared power to vote or to direct the vote
-0-
...................................................................
(iii) sole power to dispose or to direct the disposition of
2,529,200 (See Note 1 on page 4)
...................................................................
(iv) shared power to dispose or to direct the disposition of
-0-
...................................................................
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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]
...................................................................
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
...................................................................
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.
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 6, 1995 as of December 31, 1994
...................................................................
Date
RELIANCE FINANCIAL SERVICES CORPORATION
By: /s/ James E. Yacobucci
----------------------
Signature
James E. Yacobucci
Senior Vice President-Investments
Note 1. Of the 2,529,200 shares beneficially owned by Reliance Financial
- ------ Services Corporation, 1,731,600 shares are based upon the assumed
conversion of 8 7/8% Convertible Senior Subordinated Notes due 2000
of Stone Container Corporation (the "Notes"). All 2,529,200 shares
that are the subject of this statement are owned by Reliance
Insurance Company. Reliance Insurance Company is a subsidiary of
Reliance Financial Services Corporation. The percentage of the
class owned is calculated assuming, in accordance with Rule 13d-3,
that Reliance Insurance Company is the only holder of Notes that
converts its Notes.
