1
------------------------------
OMB APPROVAL
------------------------------
OMB NUMBER: 3235-0145
Expires: December 31, 1997
Estimated average burden
hours per response . . . 14.90
------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2 )*
-------
AVID TECHNOLOGY INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
05367P100
------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [X]. (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).
Page 1 of 24 pages
2
CUSIP No. 05367P100 13G Page 2 of 24 Pages
--------- --- ----
- --------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
B.A.T Industries p.l.c.
- --------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
England
- --------------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF --------------------------------------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,300,233
EACH
REPORTING --------------------------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH
-0-
---------------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,300,233
- --------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,300,233
- --------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
N.A.
- --------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.11%
- --------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
- --------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 24 pages
3
CUSIP No. 05367P100 13G Page 3 of 24 Pages
--------- --- ----
- ------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Farmers Group, Inc.
- ------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
- -----------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
-----------------------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 1,300,233
BENEFICIALLY
OWNED BY -----------------------------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
-----------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,300,233
- -----------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,300,233
- -----------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
N.A.
- -----------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.11%
- -----------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IC
- -----------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 24 pages
4
Item 1 (a). Name of Issuer:
- ----------
AVID TECHNOLOGY INC.
Item 1 (b). Address of Issuer's Principal Executive Office:
- ----------
Metropolitan Technology Park
One Park West
Tewksbury, MA 01876
Item 2(a). Name of Person Filing:
- ---------
B.A.T Industries p.l.c., an English corporation ("B.A.T"),
and Farmers Group, Inc. ("Farmers"), a Nevada corporation;
Farmers is the beneficial owner of the Issuer's securities
identified in Item 2(d) below through various subsidiaries
of Farmers, by insurance exchanges for which Farmers acts
as attorney-in-fact or by benefit plans for employees of
Farmers and its subsidiaries for which Farmers has
investment discretion. No such entity beneficially owns
in excess of 5% of the class of shares in respect of which
this report is being made; and B.A.T may be deemed to be
the indirect beneficial owner of such securities by
indirectly owning 100% of the issued and outstanding
shares of Farmers through B.A.T's wholly-owned subsidiary,
South Western Nominees Limited. The filing of this
statement by B.A.T shall not be construed as an admission
that B.A.T is, for the purposes of Section 13(d) or 13(g)
of the Act or under the laws or regulations of the United
Kingdom, the beneficial owner of any securities covered by
this statement.
Item 2(b). Address of Principal Business Office or, if none, Residence:
- ---------
B.A.T Industries p.l.c.
Windsor House
50 Victoria Street
London SW1H ONL
England
Farmers Group, Inc.
4680 Wilshire Boulevard
Los Angeles, California 90010
USA
Item 2(c). Citizenship:
- ---------
B.A.T Industries p.l.c. - England
Farmers Group, Inc. - Nevada
Page 4 of 24 pages
5
Item 2(d). Title of Class of Securities:
- ---------
Common stock, par value $0.01 per share
Item 2(e). CUSIP Number:
- ---------
05367P100
Item 3. This statement is filed pursuant to Rule13d-1(b) by B.A.T,
- ------ a Parent Holding Company, in accordance with Rule 13d-1(b)(ii)
(G), and by Farmers Group, Inc., an Insurance Company (as
defined in Section 3(a)(19) of the Act) incorporated under the
laws of Nevada.
Item 4. Ownership:
- ------
(a) Amount Beneficially Owned:
1,300,233
The shares being reported were acquired by various
subsidiaries of Farmers Group, Inc. by insurance exchanges
for which Farmers Group, Inc., acts as attorney-in-fact or
by benefit plans for employees of Farmers Group, Inc. and
its subsidiaries for which Farmers Group, Inc. has
investment discretion. No such entity beneficially owns
in excess of 5% of the class of shares in respect of which
this report is being made.
(b) Percent of Class:
6.11%
(c) Number of shares as to which person has:
(i) Sole voting power: -0-
(ii) Shared voting power: 1,300,233
(iii) Sole disposition power: -0-
(iv) Shared disposition power: 1,300,233
Item 5. Ownership of Five Percent or Less of a Class:
- ------
Not Applicable.
Page 5 of 24 pages
6
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:
See Exhibit I.
Item 8. Identification and Classification of Members of the Group:
- ------
Not Applicable.
Item 9. Notice of Dissolution of the 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 purpose or effect.
Page 6 of 24 pages
7
SIGNATURES
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.
B.A.T INDUSTRIES p.l.c.
Dated February 5, 1997 By: /s/ Anthony Robert Holliman
------------------------------------
Name: Anthony Robert Holliman
Title: Assistant Corporate Secretary
Page 7 of 24 pages
8
SIGNATURES
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.
FARMERS GROUP, INC.
Dated February 5, 1997 By: /s/ Alan Porter
----------------------------
Name: Alan Porter
Title: Corporate Secretary
Page 8 of 24 pages
9
Exhibit Index
Exhibit Description Page Number
- ------- ----------- -----------
I Identification and Classification of Subsidiaries 10
II Amendment, dated February 6, 1996, to Schedule 11
13G, dated February 9, 1994
III Schedule 13G, dated February 9, 1994 17
Page 9 of 24 pages
1
Exhibit I to Amendment No. 2
This statement is filed pursuant to Rule 13d-1(b) by B.A.T Industries p.l.c., a
Parent Holding Company, in accordance with Rule 13d-1(b)(1)(ii)(G), with
respect to securities held by Farmers Group, Inc., an Insurance Company (as
defined in Section 3(a)(19) of the Act) incorporated under the laws of Nevada.
Page 10 of 24 pages
1
------------------------------
OMB APPROVAL
------------------------------
OMB NUMBER: 3235-0145
Expires: December 31, 1997
Estimated average burden
hours per response . . . 14.90
------------------------------
Exhibit II to Amendment No. 2
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
-------
AVID TECHNOLOGY INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
05367P100
---------------------
(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).
Page 11 of 24 pages
2
CUSIP No. 05367P100 13G Page 2 of 6 Pages
--------- --- ----
- ------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
B.A.T Industries p.l.c.
- ------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
England
- ------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
-------------------------------------------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 800,500
OWNED BY
EACH -------------------------------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
-------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
800,500
- ------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
800,500
- ------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
N.A.
- ------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.33%
- ------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
- ------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 24 pages
3
CUSIP No. 05367P100 13G Page 3 of 6 Pages
--------- --- ----
- ------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Farmers Group, Inc.
- ------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
- ------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
-------------------------------------------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 800,500
OWNED BY
EACH -------------------------------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
-------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
800,500
- ------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
800,500
- ------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
N.A.
- ------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.33%
- ------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IC
- ------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 24 pages
4
The Statement on Schedule 13G, dated February 9, 1994, filed by B.A.T
Industries p.l.c. and Farmers Group, Inc., is hereby amended and restated to
read in its entirety as follows:
Item 4 Ownership
- ------ ---------
(a) Amount Beneficially Owned:
800,500
(b) Percent of Class:
4.33%
(c) Number of shares as to which person has:
(i) sole voting power: -0-
(ii) shared voting power: 800,500
(iii) sole disposition power: -0-
(iv) shared disposition power: 800,500
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 box. [X]
Page 14 of 24 pages
5
SIGNATURES
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.
B.A.T INDUSTRIES p.l.c.
Dated February 6, 1996 By: /s/ A R Holliman
-------------------------
Name: A R HOLLIMAN
Title: ASSISTANT CORPORATE SECRETARY
Page 15 of 24 pages
6
SIGNATURES
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.
FARMERS GROUP, INC.
Dated February 6, 1996 By: /s/ Maryann Seltzer
------------------------
Name: Maryann Seltzer
Title: Corporate Secretary
Page 16 of 24 pages
1
------------------------------
OMB APPROVAL
------------------------------
OMB NUMBER: 3235-0145
Expires: October 31, 1994
Estimated average burden
hours per response . . . 14.90
------------------------------
Exhibit III to Amendment No. 2
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
-------------
AVID TECHNOLOGY INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
05367P100
------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [X]. (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).
Page 17 of 24 pages
2
CUSIP No. 05367P100 13G Page 2 of 8 Pages
--------- --- ----
- ---------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
B.A.T Industries p.l.c.
- ----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
England
- ----------------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
---------------------------------------------------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 646,900
OWNED BY
EACH ---------------------------------------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
---------------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
646,900
- ----------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
646,900
- ----------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
N.A.
- ----------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.41%
- ----------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC (See Item 3)
- ----------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 18 of 24 pages
3
CUSIP No. 05367P100 13G Page 3 of 8 Pages
--------- --- ----
- ---------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FARMERS GROUP, INC.
- ----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
- ----------------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
-----------------------------------------------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 646,900
OWNED BY
EACH -----------------------------------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
-----------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
646,900
- ----------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
646,900
- ----------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
N.A.
- ----------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.41%
- ----------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IC (See Item 3)
- ----------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 19 of 24 pages
4
Item 1 (a). Name of Issuer:
- ----------
AVID TECHNOLOGY INC.
Item 1 (b). Address of Issuer's Principal Executive Office:
- ----------
Metropolitan Technology Park
One Park West
Tewksbury, MA 01876
Item 2(a). Name of Person Filing:
- ---------
B.A.T Industries p.l.c., an English corporation ("B.A.T"), and
Farmers Group, Inc. ("Farmers"), a US corporation; Farmers is
the beneficial owner of the Issuer's securities identified in
Item 2(d) below through various subsidiaries of Farmers, by
insurance exchanges for which Farmers acts as attorney-in-fact
or by benefit plans for employees of Farmers and its
subsidiaries for which Farmers has investment discretion. No
such entity beneficially owns in excess of 5% of the class of
shares in respect of which this report is being made; and B.A.T
may be deemed to be the indirect beneficial owner of such
securities by indirectly owning 100% of the issued and
outstanding shares of Farmers through B.A.T's wholly-owned
subsidiary, South Western Nominees Limited. The filing of this
statement by B.A.T shall not be construed as an admission that
B.A.T is, for the purposes of Section 13(d) or 13(g) of the Act
or under the laws or regulations of the United Kingdom, the
beneficial owner of any securities covered by this statement.
Item 2(b). Address of Principal Business Office or, if none, Residence:
- ---------
B.A.T Industries p.l.c.
Windsor House
50 Victoria Street
London SW1H ONL
England
Farmers Group, Inc.
4680 Wilshire Boulevard
Los Angeles, California 90010
USA
Item 2(c). Citizenship:
- ---------
B.A.T Industries p.l.c. - England
Farmers Group, Inc. - Nevada
Page 20 of 24 pages
5
Item 2(d). Title of Class of Securities:
- ---------
Common stock, par value $0.01 per share
Item 2(e). CUSIP Number: 05367P100
- ---------
Item 3. This statement is filed pursuant to Rule 13d-1(b) by
- ------ B.A.T, a Parent Holding Company, in accordance with
Section 240.13d-1(b)(ii)(G), and by Farmers Group, Inc.,
an Insurance Company incorporated under the laws of Nevada.
Item 4. Ownership:
- ------
(a) Amount Beneficially Owned:
646,900
The shares being reported were acquired by
various subsidiaries of Farmers Group, Inc. by
insurance exchanges for which Farmers Group,
Inc., acts as attorney-in-fact or by benefit
plans for employees of Farmers Group, Inc. and
its subsidiaries for which Farmers Group, Inc.
has investment discretion. No such entity
beneficially owns in excess of 5% of the class of
shares in respect of which this report is being
made.
(b) Percent of Class:
6.41%
(c) Number of shares as to which person has:
(i) Sole voting power: -0-
(ii) Shared voting power: 646,900
(iii) Sole disposition power: -0-
(iv) Shared disposition power: 646,900
Item 5. Ownership of Five Percent or Less of a Class:
- ------
Not Applicable.
Page 21 of 24 pages
6
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 the 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.
Page 22 of 24 pages
7
SIGNATURES
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.
B.A.T INDUSTRIES p.l.c.
By: /s/ A R Holliman
--------------------
Name: A R HOLLIMAN
Title: ASSISTANT CORPORATE SECRETARY
Date: February 9, 1994
Page 23 of 24 pages
8
SIGNATURES
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.
FARMERS GROUP, INC.
By: /s/ Maryann Seltzer
---------------------------
Name: Maryann Seltzer
Title: Corporate Secretary
Date: February 9, 1994
Page 24 of 24 pages
