<PAGE> 1
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
MONEYGRAM PAYMENT SYSTEMS, INC.
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
60891010
(CUSIP Number)
December 31, 1997
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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. 60891010 SCHEDULE 13G PAGE 2 OF 10 PAGES
--------------------- ----- -----
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY
95-1060502
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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
CALIFORNIA
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(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,603,900* *SEE NOTE TO EXHIBIT A
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,603,900* *SEE NOTE TO EXHIBIT A
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,603,900* *SEE NOTE TO EXHIBIT A
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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
9.65%
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(12) TYPE OF REPORTING PERSON
HC AND IC
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CUSIP NO. 60891010 SCHEDULE 13G PAGE 3 OF 10 PAGES
--------------------- ----- -----
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TRANSAMERICA LIFE INSURANCE AND ANNUITY COMPANY
95-6140222
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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
CALIFORNIA
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,403,900
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,403,900
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,403,900
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.44%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
IC
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CUSIP NO. 60891010 SCHEDULE 13G PAGE 3 OF 10 PAGES
--------------------- ----- -----
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TRANSAMERICA INSURANCE CORPORATION OF CALIFORNIA
95-2634355
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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
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,603,900* *SEE NOTE TO EXHIBIT A
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,603,900* *SEE NOTE TO EXHIBIT A
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,603,900* *SEE NOTE TO EXHIBIT A
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.65%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
HC IC
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CUSIP NO. 60891010 SCHEDULE 13G PAGE 4 OF 10 PAGES
--------------------- ----- -----
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TRANSAMERICA INVESTMENT SERVICES, INC.
94-1632699
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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
DELAWARE
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(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 3,578,700
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
3,578,700
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,578,700
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
21.53%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
IA
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<PAGE> 6
Item 1(a). Name of Issuer.
Moneygram Payment Systems, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices.
7401 West Mansfield Avenue, Lakewood, Colorado 80235.
Item 2(a). Name of Person Filing.
This statement is filed by Transamerica Occidental Life
Insurance Company ("Occidental"), the parent of Transamerica Life Insurance and
Annuity Company ("TALIAC"); TALIAC; Transamerica Insurance Corporation of
California ("TICC"), the parent of Occidental and indirect parent of TALIAC; and
Transamerica Investment Services, Inc. ("TIS") (collectively, the "Companies").
Item 2(b). Address of Principal Business Office or, if none, Residence.
The address of each of the Companies is 1150 South Olive
Street, Los Angeles, California 90015.
Item 2(c). Citizenship.
Occidental and TICC are California corporations. TALIAC is a
North Carolina corporation and TIS is a Delaware corporation.
Item 2(d). Title of Class of Securities.
Common Stock, $0.01 par value ("Common Stock").
Item 2(e). CUSIP Number.
60891010
Item 3. Type of Reporting Person.
Each of the Companies is filing this statement pursuant to
Rule 13d-1(b) and Rule 13d-2(b). TALIAC is an insurance company as defined in
Section 3(a)(19) of the Securities Exchange Act of 1934; Occidental and TICC are
insurance companies as defined in Section 3(a)(19) of the Securities Exchange
Act of 1934 and parent holding companies in accordance with Rule
13d-1(b)(1)(ii)(G). TIS is an investment adviser registered under Section 203 of
the Investment Advisers Act of 1940.
Item 4. Ownership.
Reference is hereby made to Items 5-9 and 11 of each of the
cover pages to this statement, which items are incorporated by reference herein.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
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Item 6. Ownership of More Than Five Percent on Behalf of Another
Person.
Occidental is deemed to be the beneficial owner of 1,603,900
shares of Common Stock, 200,000 of which Occidental owns directly, and 1,403,900
of which are owned by Occidental's subsidiary, TALIAC.*
TICC is deemed to be the beneficial owner of the 1,603,900
shares of Common Stock beneficially owned by its subsidiary, Occidental, and by
its indirect subsidiary, TALIAC.*
TIS is deemed to be the beneficial owner of 3,578,700 shares
of Common Stock pursuant to separate arrangements whereby TIS acts as investment
adviser to certain individuals and entities, including Occidental and TALIAC.
Each of the individuals and entities for which TIS acts as investment adviser
has the right to receive or the power to direct the receipt of dividends from,
or the proceeds from the sale of, the securities purchased or held pursuant to
such arrangements.
To the knowledge of the Companies, no other person has the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the Common Stock.
*See Note to Exhibit A.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
TICC is filing this Statement pursuant to Rule
13d-1(b)(1)(ii)(G) and not pursuant to Rule 13d-1(c). The identity and Item 3
classification of its relevant subsidiaries are set forth on Exhibit A attached
hereto and incorporated herein by reference.
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 the undersigned certify that, to the best of
their 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.
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Signature
After reasonable inquiry and to the best of their knowledge
and belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
February 13, 1998
TRANSAMERICA OCCIDENTAL LIFE
INSURANCE COMPANY
By /s/ RICHARD N. LATZER
-----------------------------------------
Richard N. Latzer
Chief Investment Officer
TRANSAMERICA LIFE INSURANCE AND ANNUITY
COMPANY
By /s/ RICHARD N. LATZER
-----------------------------------------
Richard N. Latzer
Chief Investment Officer
TRANSAMERICA INSURANCE CORPORATION OF
CALIFORNIA
By /s/ RICHARD N. LATZER
-----------------------------------------
Richard N. Latzer
Senior Vice President,
Transamerica Corporation
Its Attorney-in-Fact
TRANSAMERICA INVESTMENT SERVICES, INC.
By /s/ RICHARD N. LATZER
-----------------------------------------
Richard N. Latzer
President and Chief Executive Officer
<PAGE> 9
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act
of 1934, the undersigned, Transamerica Occidental Life Insurance Company, a
California corporation, Transamerica Life Insurance and Annuity Company, a
California corporation, Transamerica Insurance Corporation of California, a
California corporation, and Transamerica Investment Services, Inc., a Delaware
corporation; and each of them, hereby agree that the statement on Schedule 13G
dated February 13, 1998, and any amendments thereto, are filed on behalf of each
of them.
February 13, 1998
TRANSAMERICA OCCIDENTAL LIFE
INSURANCE COMPANY
By /s/ RICHARD N. LATZER
-----------------------------------------
Richard N. Latzer
Chief Investment Officer
TRANSAMERICA LIFE INSURANCE AND ANNUITY
COMPANY
By /s/ RICHARD N. LATZER
-----------------------------------------
Richard N. Latzer
Chief Investment Officer
TRANSAMERICA INSURANCE CORPORATION OF
CALIFORNIA
By /s/ RICHARD N. LATZER
-----------------------------------------
Richard N. Latzer
Senior Vice President,
Transamerica Corporation
Its Attorney-in-Fact
TRANSAMERICA INVESTMENT SERVICES, INC.
By /s/ RICHARD N. LATZER
-----------------------------------------
Richard N. Latzer
President and Chief Executive Officer
<PAGE> 10
Exhibit A
Each of Occidental and TALIAC is an insurance company as
defined in Section 3(a)(19) of the Securities Exchange Act of 1934. TALIAC is a
wholly owned subsidiary of Occidental, and Occidental is a wholly owned
subsidiary of TICC.
TICC is an insurance company as defined in Section 3(a)(19) of
the Securities Exchange Act of 1934. TIS is an investment adviser registered
under Section 203 of the Investment Advisers Act of 1940. Both TICC and TIS are
wholly owned subsidiaries of Transamerica Corporation ("Transamerica").
Note: Management of the affairs of subsidiaries of
Transamerica, including decisions respecting dispositions and/or voting of the
shares of the Common Stock beneficially owned by such subsidiaries, resides in
respective officers and directors of the subsidiaries and is not directed by
Transamerica or other subsidiaries. Accordingly, the filing of this Schedule 13G
by TICC and Occidental is not intended as, and should not be deemed, an
acknowledgment of beneficial ownership or shared voting or dispositive power by
them of the shares of the Common Stock beneficially owned by their subsidiaries,
and such beneficial ownership or attribution of shared voting or dispositive
power is expressly disclaimed.
