SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
URS Corporation
--------------------------
(Name of Issuer)
COMMON STOCK
------------------------------
(Title of Class of Securities)
903236 10 7
------------------------------------
(CUSIP Number)
Michael S. Paquette
Vice President
and Chief Accounting Officer
Fund American Enterprises Holdings, Inc.
The 1820 House,
Main Street,
Norwich, Vermont 05055
(802) 649-3633
------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
March 21, 1994
-------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) r (4), check the following box ___.
Check the following box if a fee is being paid with this statement ____.
(A fee is not required only if the reporting 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.)
NOTE: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
Page 1 of 11
CUSIP NO. 903236 10 7
- --------------------------------------------------------------------------------
(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
Fund American Enterprises Holdings, Inc.
94-2708455
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) _____________
of a Group (See Instructions)
(b) _____________
(3) (SEC Use Only)
- ---------------------------------------------------------------
(4) Source of Funds (See Instructions) N.A. (see Item 3)
- ---------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- ---------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
- ----------------------------------------------------------------
Number of Shares (7) Sole Voting Power
Beneficially Owned -----------------
by Each Reporting (8) Shared Voting Power
Person With -------------------
826,323
(9) Sole Dispositive Power
----------------------
(10) Shared Dispositive Power
------------------------
826,323
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
826,323
- ----------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
- ----------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
Approximately 11.85%
- ----------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) HC, CO
Page 2 of 11
CUSIP NO. 903236 10 7
- --------------------------------------------------------------------------------
(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
Fund American Enterprises, Inc.
51-0328932
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) _____________
of a Group (See Instructions)
(b) _____________
(3) (SEC Use Only)
- ----------------------------------------------------------------
(4) Source of Funds (See Instructions) N.A. (see Item 3)
- ----------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- ----------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
- ----------------------------------------------------------------
Number of Shares (7) Sole Voting Power
Beneficially Owned -----------------
by Each Reporting (8) Shared Voting Power
Person With -------------------
826,323
(9) Sole Dispositive Power
----------------------
(10) Shared Dispositive Power
------------------------
826,323
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
826,323
- ----------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
- ----------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
Approximately 11.85%
- ----------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) HC, CO
Page 3 of 11
CUSIP NO. 903236 10 7
- --------------------------------------------------------------------------------
(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
Source One Mortgage Services Corporation
38-2011419
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) _____________
of a Group (See Instructions)
(b) _____________
(3) (SEC Use Only)
- ----------------------------------------------------------------
(4) Source of Funds (See Instructions) N.A. (see Item 3)
- ----------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- ----------------------------------------------------------------
(6) Citizenship or Place of Organization Delaware
- ----------------------------------------------------------------
Number of Shares (7) Sole Voting Power
Beneficially Owned -----------------
by Each Reporting (8) Shared Voting Power
Person With -------------------
826,323
(9) Sole Dispositive Power
----------------------
(10) Shared Dispositive Power
------------------------
826,323
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
826,323
- ----------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
- ----------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
Approximately 11.85%
- ----------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
Page 4 of 11
ONLY ITEMS REPORTED IN THIS AMENDMENT NO. 2 TO SCHEDULE 13D ARE AMENDED FROM THE
FILING ON SCHEDULE 13D (THE "SCHEDULE 13D") FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION (THE "COMMISSION") ON FEBRUARY 6, 1992 and AUGUST 24, 1993.
ALL OTHER ITEMS REMAIN UNCHANGED. UNLESS OTHERWISE SPECIFIED, ALL DEFINED TERMS
USED HEREIN HAVE THE MEANING PREVIOUSLY ASCRIBED TO THEM IN THE SCHEDULE 13D.
Item 2. Identity and Background.
------------------------
Item 2 is amended as follows:
(a), (b), (c) and (f). The "Reporting Person" shall include Fund American
Enterprises Holdings, Inc., a Delaware corporation ("FAEH"), FAEH's subsidiary,
Fund American Enterprises, Inc., a Delaware corporation ("FAE") and FAE's
subsidiary, Source One Mortgage Services Corporation ("SOMSC"), a Delaware
corporation.
At its annual meeting held on June 17, 1992, shareholders of The Fund
American Companies, Inc. approved a change of legal name to Fund American
Enterprises Holdings, Inc. ("FAEH") and also approved the conclusion of FAEH's
Plan of Complete Liquidation.
FAE is a holding company that owns SOMSC and a portfolio of securities.
The address of the principal business and principal office of FAE is The 1820
House, Main Street, Norwich, Vermont 05055.
SOMSC is a company that operates a mortgage banking business and a
portfolio of securities. The address of the principal business and principal
office of SOMSC is 27555 Farmington Road, Farmington Hills, Michigan 48334-3357.
Schedule I attached hereto, which is incorporated herein by reference,
replaces Schedule I to the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
--------------------------------------------------
Page 5 of 11
Item 4. Purpose of Transaction
----------------------
SOMSC is holding these Shares for investment purposes. SOMSC has no
present plans or proposals which relate to, or would result in, any of the
actions described in Item 4(a) through 4(j).
Item 5. Interest in Securities of the Issuer.
-------------------------------------
(a) FAEH owns all 826,323 Shares indirectly through FAE through SOMSC.
The aggregate number of Shares and the corresponding percentage of the
outstanding Shares such number represents is as follows:
Percentage of
Shares Shares
Beneficially Beneficially
Person Owned Owned
------ ------------ --------------
FAEH 826,323 11.85%
FAE 826,323 11.85%
SOMSC 826,323 11.85%
(b) FAEH shares voting power and dispositive power with respect to
all the Shares with FAE and SOMSC.
(c) Except as described herein neither FAEH, FAE, SOMSC nor, to the
best knowledge of FAEH, FAE, or SOMSC any of the persons listed on Schedule I
attached hereto, has been party to any transaction in the Shares during the
sixty day period ending on the date of this statement on Schedule 13D.
(d) None
(e) Not Applicable
Page 6 of 11
SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of
the undersigned, the undersigned certifies that the information set forth in
this statement is true, complete and correct.
Dated: March 29, 1994
FUND AMERICAN ENTERPRISES HOLDINGS, INC.
BY: /s/ Michael S. Paquette
-----------------------------------
Name: Michael S. Paquette
Title: Vice President
and Chief Accounting Officer
FUND AMERICAN ENTERPRISES, INC.,
BY: /s/ Terry L. Baxter
-----------------------------------
Name: Terry L. Baxter
Title: President
SOURCE ONE MORTGAGE SERVICES
CORPORATION
BY: /s/ Michael S. Paquette
-----------------------------------
Name: Michael S. Paquette
Title: Authorized Representative *
* Power of Attorney on file
Page 7 of 11
SCHEDULE I TO SCHEDULE 13D
--------------------------
Following is a list of the directors and executive officers of Fund American
Enterprises Holdings, Inc. ("FAEH"), Fund American Enterprises, Inc. ("FAE") and
Source One Mortgage Services Corporation ("SOMSC"), setting forth the business
address and present principal occupation or employment (and the name, principal
business and address of any corporation or organization in which such employment
is conducted) of each such person. Each such person is a citizen of the United
States of America.
Present
Name and Principal Occupation
Business Address Office or Employment
- --------------------------- ------------------------- ------------------------
FAEH
John J. Byrne Chairman of the Board, Chairman of the Board,
Fund American President & Chief President & Chief
Enterprises Holdings, Inc. Executive Officer of Executive Officer of
The 1820 House, FAEH; Chairman of the FAEH
Main Street, Board of FAE,
Norwich, VT 05055 Director of SOMSC
Howard L. Clark Director Retired
200 Park Avenue of FAEH
Suite 4501
New York, N.Y. 10166
Howard L. Clark, Jr. Director Vice Chairman of Lehman
Lehman Brothers of FAEH Brothers
American Express Tower
New York, New York 10285
George J. Gillespie, III Director Partner in Cravath,
Cravath, Swaine & Moore of FAEH Swaine & Moore
825 Eighth Avenue 825 Eighth Avenue
New York, N.Y. 10019 New York, N.Y. 10019
K. Thomas Kemp Executive Vice President Executive Vice
The 1820 House, Treasurer & Corporate President, Treasurer &
Main Street, Secretary of FAEH, Corporate Secretary of
Norwich, VT 05055 Director of FAE and SOMSC FAEH
Gordon S. Macklin Director Chairman of White River
8212 Burning Tree Road of FAEH Corporation
Bethesda, MD 20817
Michael S. Paquette Vice President & Vice President &
The 1820 House Chief Accounting Officer Chief Accounting
Main Street of FAEH, Director of FAE Officer of FAEH
Norwich, Vermont 05055
Page 8 of 11
SCHEDULE I (cont.) TO SCHEDULE 13D
----------------------------------
Present
Name and Principal Occupation
Business Address Office or Employment
- --------------------------- ------------------------- ------------------------
Allan L. Waters Senior Vice President & Senior Vice President &
The 1820 House Chief Financial Officer Chief Financial Officer
Main Street of FAEH, Director of FAE of FAEH
Norwich, Vermont 05055 and SOMSC
Arthur Zankel Director Co-Managing Partner,
First Manhattan Co. of FAEH First Manhattan Co.,
437 Madison Ave. 437 Madison Ave.
New York, N.Y. 10022 New York, N.Y. 10022
FAE
Terry L. Baxter President & President
The 1820 House Director of FAE
FAEH, Director of FAE
Norwich, Vermont 05055
SOMSC
Michael C. Allemang Executive Vice President Executive Vice
27555 Farmington Road & Chief Financial Officer President &
Farmington Hills, and Director of SOMSC Chief Financial Officer
of SOMSC
Lawrence J. Brady Senior Vice President - Senior Vice President -
27555 Farmington Road Residential Division Residential Division
Farmington Hills, of SOMSC of SOMSC
Michigan, 48334
James A. Conrad Director, President, President & Chief
27555 Farmington Road Chief Executive Officer Executive Officer of
Farmington Hills, and Director of SOMSC SOMSC
Michigan, 48334
John A. Courson Senior Vice President Senior Vice President
27555 Farmington Road of SOMSC of SOMSC
Farmington Hills,
Michigan, 48334
Robert R. Densmore Executive Vice President, Executive Vice
27555 Farmington Road Secretary and Director of President and
Farmington Hills, SOMSC Secretary of SOMSC
Michigan, 48334
Page 9 of 11
SCHEDULE I (cont.) TO SCHEDULE 13D
----------------------------------
Present
Name and Principal Occupation
Business Address Office or Employment
- --------------------------- ------------------------- ------------------------
Paul J. Hanna Director of SOMSC Independent Financial
Harbour House 12 Consultant
Ocean Reef Club
Key Largo,
Florida, 33037
William C. Manasco Senior Vice President - Senior Vice President -
27555 Farmington Road Operations Mgmt. Operations Mgmt.
Farmington Hills, of SOMSC of SOMSC
Michigan, 48334
Robert W. Richards Chairman and Chief Chairman and Chief
27555 Farmington Road Financial Officer of Financial Officer of
Farmington Hills, SOMSC SOMSC
Michigan, 48334
FFOG
Edward J. Jones President of FFOG President of FFOG
c/o Delaware Corporate
Management
1105 No. Market Street
Suite 1300
Wilmington, DE 19899
Edward J. Jones Secretary of FFOG Secretary of FFOG
c/o Delaware Corporate
Management
1105 No. Market Street
Suite 1300
Wilmington, DE 19899
Page 10 of 11
SCHEDULE II TO SCHEDULE 13D
---------------------------
Sales of Shares of URS by the Reporting Persons and by persons listed in
Schedule I within the last 60 days.
Sold by Date Number Sold Unit Price
------- ---- ----------- ----------
SOMSC 1/18/94 3,400 $7.86
SOMSC 1/28/94 1,800 $7.25
SOMSC 2/07/94 1,900 $7.00
SOMSC 2/11/94 27,900 $7.00
SOMSC 2/15/94 500 $7.00
SOMSC 2/16/94 1,300 $7.00
SOMSC 2/17/94 3,800 $7.00
SOMSC 2/18/94 3,500 $7.00
SOMSC 2/22/94 1,400 $7.00
SOMSC 2/23/94 1,800 $7.00
SOMSC 2/24/94 1,100 $7.00
SOMSC 2/25/94 1,600 $7.00
SOMSC 3/14/94 2,300 $7.00
SOMSC 3/21/94 19,700 $6.75
Page 11 of 11
