UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
UNOVA, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
91529B106
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(CUSIP Number)
Scott Renwick
Unitrin, Inc.
One East Wacker Drive
Chicago, IL 60601
(312) 661-4520
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 12, 2001
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(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 that is the subject of this Schedule 13D, and is
filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See ss.240.13d-7 for
other parties to whom copies are to be sent.
(Continued on following pages)
Page 1 of 12 Pages
Page 2 of 12
SCHEDULE 13D
CUSIP No. 91529B106
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Unitrin, Inc.
95-4255452
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
See Item 3.
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Delaware
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Number of 7. Sole Voting Power
Shares 0
Beneficially ------------------------------------------------
Owned by 8. Shared Voting Power
Each 12,657,764
Reporting ------------------------------------------------
Person 9. Sole Dispositive Power
With 0
------------------------------------------------
10. Shared Dispositive Power
12,657,764
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
12,657,764 (owned indirectly through subsidiaries as noted
on pages 3 to 5)
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions [ ]
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13. Percent of Class Represented by Amount in Row (11)
22.3%
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14. Type of Reporting Person (See Instructions)
HC, CO
Page 3 of 12
CUSIP No. 91529B106
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Trinity Universal Insurance Company
75-0620550
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
See Item 3.
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Texas
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Number of 7. Sole Voting Power
Shares 0
Beneficially ------------------------------------------------
Owned by 8. Shared Voting Power
Each 5,711,449
Reporting ------------------------------------------------
Person 9. Sole Dispositive Power
With 0
------------------------------------------------
10. Shared Dispositive Power
5,711,449
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
5,711,449
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions [ ]
-----------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
10.1%
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14. Type of Reporting Person (See Instructions)
IC, CO
Page 4 of 12
CUSIP No. 91529B106
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
United Insurance Company of America
36-1896670
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
See Item 3.
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Illinois
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Number of 7. Sole Voting Power
Shares 0
Beneficially ------------------------------------------------
Owned by 8. Shared Voting Power
Each 5,450,988
Reporting ------------------------------------------------
Person 9. Sole Dispositive Power
With 0
------------------------------------------------
10. Shared Dispositive Power
5,450,988
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
5,450,988
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions [ ]
-----------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
9.6%
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14. Type of Reporting Person (See Instructions)
IC, CO
Page 5 of 12
CUSIP No. 91529B106
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Union National Life Insurance Company
72-0340280
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3. SEC Use Only
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4. Source of Funds (See Instructions)
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
Louisiana
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Number of 7. Sole Voting Power
Shares 0
Beneficially --------------------------------------------------
Owned by 8. Shared Voting Power
Each 1,495,327
Reporting --------------------------------------------------
Person 9. Sole Dispositive Power
With 0
--------------------------------------------------
10. Shared Dispositive Power
1,495,327
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,495,327
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions [ ]
-----------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
2.6%
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14. Type of Reporting Person (See Instructions)
IC, CO
Page 6 of 12
Amendment No. 4 to Schedule 13D
This Amendment No. 4 amends and supplements the Schedule 13D
originally filed by Unitrin, Inc., Trinity Universal Insurance Company and
United Insurance Company of America, dated November 3, 1997, as amended by
Amendment No. 1, dated February 1, 2001, Amendment No. 2, dated March 15,
2001, and Amendment No. 3, dated June 8, 2001. Terms used herein and not
otherwise defined have the meanings given such terms in the original
Schedule 13D, dated November 3, 1997.
Item 1. Security and Issuer
The class of equity securities to which this Schedule 13D relates is
the common stock, par value $.01 per share (the "Common Stock"), of UNOVA,
Inc., a Delaware corporation (the "Issuer"). The principal executive
offices of the Issuer are located at 21900 Burbank Boulevard, Woodland
Hills, California 91367.
Item 2. Identity and Background
For information concerning the directors and executive officers of
Unitrin, Trinity and United and for information concerning the directors
and executive officers of Union National Life Insurance Company, a
Louisiana corporation ("Union"), 8282 Goodwood Boulevard, Baton Rouge,
Louisiana 70806, see Schedules UNIT, T, U, and UNL, respectively, to this
Amendment. All persons listed on such Schedules are U.S. citizens.
No filing person has been convicted in any criminal proceeding
(excluding traffic violations or similar misdemeanors) during the past five
years; nor, to the best knowledge and belief of the filing persons, has
anyone listed in the attached Schedules been convicted in such proceedings.
To the best knowledge and belief of the filing persons, during the
past five years no filing person nor anyone listed on the attached
Schedules was a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction and as a result of such proceeding was or is
subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
Item 4. Purpose of Transaction
Item 4 of the original Schedule 13D is hereby restated in its entirety as
follows:
On July 12, 2001, the Issuer entered into a loan agreement (the "Loan
Agreement") by and among the Issuer, certain of its subsidiaries, and
Special Value Investment Management, LLC, as agent (the "Agent") for the
several lenders under the Loan Agreement. The Loan Agreement provides for
the Agent to arrange term loan financing, from such lenders as may be from
time to time parties to the Loan Agreement, in an aggregate amount not to
exceed $75 million. Borrowings under the Loan Agreement are due and payable
on July 11, 2004. The Loan Agreement contains customary negative covenants
regarding, among other things, mergers, consolidations, and sales; capital
expenditures; limitations on indebtedness; investments; liens; and
dividends and other restricted payments. The Loan Agreement also contains
financial covenants relating to the net worth, fixed charge coverage ratio
and earnings before interest, taxes, depreciation, and amortization of the
Issuer.
In connection with the entry of the Issuer into the Loan Agreement,
Unitrin has caused each of Trinity, United and The Reliable Life Insurance
Company, a Missouri corporation and wholly owned subsidiary of United
("Reliable") (Trinity, United and Reliable being sometimes referred to
herein collectively as the "Assignees"), to enter into assignment and
acceptance agreements (each an "Agreement"), in each case with Tennenbaum
Securities, LLC (the "Assignor"). The Agreements provide that the Assignor
assign to the Assignees part of the rights and obligations of the Assignor
under the Loan Agreement on the terms and subject to the conditions set
forth in the Agreements. Under the Agreements, Trinity has been assigned
and has accepted a $15 million dollar interest under the Loan Agreement;
United has been assigned and has accepted a $15 million dollar interest;
and Reliable has been assigned and has accepted a $1.5 million dollar
interest.
In connection with Unitrin's participation in the Issuer's financing
arrangements and Unitrin's investment in the Issuer, Unitrin may consider,
make proposals with respect to, and/or enter into discussions regarding,
one or more of the transactions and events specified in clauses (a) through
(j) of Item 4 of Schedule 13D including transactions involving additional
debt or equity financing of the Issuer. There can be no assurance that
Unitrin will take any such actions or that, if taken, any such actions will
be consummated or result in any transaction in the Issuer's securities.
Page 7 of 12
Item 5. Interest in Securities of the Issuer
Other than the transfer of 1,495,327 shares of Common Stock by Trinity
to Union, a wholly owned subsidiary of United, none of Unitrin, Trinity,
United or Union has acquired or disposed of any shares of the Issuer's
Common Stock since November 3, 1997, the date of the original Schedule 13D.
However, the collective percentage ownership by Unitrin, Trinity, United
and Union (the "Unitrin Ownership Percentage") of the Issuer's Common Stock
has decreased as the result of a change in the outstanding number of shares
of the Issuer's Common Stock since November 3, 1997. The result of this
change is that the Unitrin Ownership Percentage in the Issuer's Common
Stock has decreased from 23.2% as reported in the original Schedule 13D to
22.3% as of the date of this Amendment.
To the best knowledge and belief of the filing persons, during the
past sixty (60) days no filing person nor anyone listed on the attached
Schedules has entered into any transactions involving the Issuer's Common
Stock. To the best knowledge and belief of the filing persons, no one
listed on the attached Schedules beneficially owns shares of the Issuer's
Common Stock.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer
As more fully described in Item 4 above, on July 12, 2001, in
connection with the entry by the Issuer into the Loan Agreement by and
among the Issuer, certain of its subsidiaries, and Special Value Investment
Management, LLC, as agent for the several lenders under the Loan Agreement,
Unitrin caused each of Trinity, United and Reliable to enter into
assignment and acceptance agreements, in each case with Tennenbaum
Securities, LLC.
Item 7. Material to be Filed as Exhibits
Exhibit No. Description
1 Loan Agreement dated as of July 12, 2001, among the
lenders from time to time parties thereto, Special Value
Investment Management, LLC, as administrative and
collateral agent for the lenders, and UNOVA, Inc., UNOVA
Industrial Automation Systems, Inc., Intermec
Technologies Corporation, R&B Machine Tool Company, J.S.
McNamara Company, M M & E, Inc., Intermec IP Corp., and
UNOVA IP Corp., as borrowers.
2.1 Assignment and Acceptance Agreement dated as of July 12,
2001, between Tennenbaum Securities, LLC and Trinity
Universal Insurance Company.
2.2 Assignment and Acceptance Agreement dated as of July 12,
2001, between Tennenbaum Securities, LLC and United
Insurance Company of America.
2.3 Assignment and Acceptance Agreement dated as of July 12,
2001, between Tennenbaum Securities, LLC and The Reliable
Life Insurance Company .
Page 8 of 12
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.
DATE: July 13, 2001 UNITRIN, INC.
By: /s/ Scott Renwick
-----------------------------
Scott Renwick
Secretary
Page 9 of 12
SCHEDULE UNIT
UNITRIN, INC.
NAME (ALL U.S. CITIZENS BUSINESS POSITION WITH UNITRIN (PRINCIPAL OCCUPATION,
UNLESS OTHERWISE NOTED) ADDRESS IF DIFFERENT, PRESENTED IN FOOTNOTES)
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James E. Annable (2) Director
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David F. Bengston (8) (1) Vice President
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Eric J. Draut (8) (1) Senior Vice President, Treasurer & Chief Financial Officer
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Douglas G. Geoga (3) Director
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Reuben L. Hedlund (4) Director
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Jerrold V. Jerome (5) Director
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William E. Johnston, Jr. (6) Director
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Edward J. Konar (1) Vice President
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Scott Renwick (1) Secretary & General Counsel
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Richard Roeske (8) (1) Vice President and Chief Accounting Officer
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Fayez S. Sarofim (7) Director
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Donald G. Southwell (8) (1) Senior Vice President
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Richard C. Vie (8) (1) Chairman of the Board, President & Chief Executive Officer
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(1) One East Wacker Drive, Chicago, Illinois 60601.
(2) Mr. Annable is a Senior Vice President and Director of Economics
of Bank One Corporation. One Bank One Plaza, Suite 0476, Chicago,
Illinois 60670.
(3) Mr. Geoga is President of Hospitality Investment Fund, L.L.C. 200
West Madison, 38th Floor, Chicago, Illinois 60606.
(4) Mr. Hedlund is a partner in the law firm of Hedlund, Hanley,
Koenigsknecht & Trafelet. 55 West Monroe Street, Suite 3100,
Chicago, Illinois 60603.
(5) Mr. Jerome is a retired executive. 41 Country Meadows Road,
Rolling Hills Estates, CA 90274.
(6) Mr. Johnston is President de Conseil de Surveillance and a
director of Salins Europe, a European salt company. 155 N. Harbor
Drive, Chicago, Illinois 60601.
(7) Mr. Sarofim is the Chairman of the Board and President of Fayez
Sarofim & Co., a registered investment advisor. Two Houston
Center, Suite 2907, Houston, Texas 77010
(8) See also Schedule(s) T, UNL and/or U filed herewith.
Page 10 of 12
SCHEDULE U
UNITED INSURANCE COMPANY OF AMERICA
NAME (ALL U.S. CITIZENS BUSINESS POSITION WITH UNITED (PRINCIPAL OCCUPATION,
UNLESS OTHERWISE NOTED) ADDRESS IF DIFFERENT, PRESENTED IN FOOTNOTES)
----------------------------------------------------------------------------------------------------
Eric J. Draut (2) (1) (A) Director
----------------------------------------------------------------------------------------------------
Patricia G. Grider (1) Senior Vice President & Secretary
----------------------------------------------------------------------------------------------------
Richard J. Miller (1) Vice President
----------------------------------------------------------------------------------------------------
Thomas D. Myers (2) (1) Treasurer
----------------------------------------------------------------------------------------------------
Don M. Royster, Sr. (1) Director & President
----------------------------------------------------------------------------------------------------
David L. Smith (1) Vice President
----------------------------------------------------------------------------------------------------
Donald G. Southwell (2) (1) (A) Director & Chairman of the Board
----------------------------------------------------------------------------------------------------
Richard C. Vie (2) (1) (A) Director
----------------------------------------------------------------------------------------------------
Charles L. Wood (2) (1) Vice President
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(1) One East Wacker Drive, Chicago, Illinois 60601.
(2) See also Schedule(s) T, UNL, and/or UNIT, filed herewith.
(A) Member, Investment Committee of the Board of Directors.
Page 11 of 12
SCHEDULE T
TRINITY UNIVERSAL INSURANCE COMPANY
NAME (ALL U.S. CITIZENS BUSINESS POSITION WITH TRINITY (PRINCIPAL OCCUPATION,
UNLESS OTHERWISE NOTED) ADDRESS IF DIFFERENT, PRESENTED IN FOOTNOTES)
------------------------------------------------------------------------------------------------------
David F. Bengston (3) (1) Director
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Roger M. Buss (2) Vice President
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Donald C. Crutchfield (2) Vice President
------------------------------------------------------------------------------------------------------
Eric J. Draut (3) (1) (A) Director
------------------------------------------------------------------------------------------------------
Judith E. Fagan (2) Senior Vice President, Secretary & Director
------------------------------------------------------------------------------------------------------
William P. Fisanick (2) Chief Actuary
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Samuel L. Fitzpatrick (1) Director
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Dennis O. Halsey (2) Senior Vice President
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Ronald I. Henry (2) Vice President
------------------------------------------------------------------------------------------------------
Dorothy A. Langley (2) Vice President & Corporate Counsel
------------------------------------------------------------------------------------------------------
Kenneth C. Marcus (4) Vice President
------------------------------------------------------------------------------------------------------
Clark H. Roberts (2) Treasurer
------------------------------------------------------------------------------------------------------
Richard Roeske (3) (1) Director
------------------------------------------------------------------------------------------------------
James A. Schulte (2) Vice President
------------------------------------------------------------------------------------------------------
Donald G. Southwell (3) (1) President, Director & Chairman of the Board
------------------------------------------------------------------------------------------------------
Keith J. Taylor (5) Vice President
------------------------------------------------------------------------------------------------------
Richard C. Vie (3) (1) (A) Director
------------------------------------------------------------------------------------------------------
(1) One East Wacker Drive, Chicago, Illinois 60601.
(2) Trinity Universal Insurance Company, 10000 North Central Expressway, Dallas, Texas 75231
(3) See also, Schedules(s) U and/or UNIT, filed herewith.
(4) 803 West Michigan Street, Milwaukee, Wisconsin 53233.
(5) 2450 14th Avenue SE, Albany, Oregon 97321.
(A) Member, Investment Committee of the Board of Directors.
Page 12 of 12
SCHEDULE UNL
UNION NATIONAL LIFE INSURANCE COMPANY
NAME (ALL U.S. CITIZENS BUSINESS POSITION WITH UNION NATIONAL (PRINCIPAL
UNLESS OTHERWISE NOTED) ADDRESS OCCUPATION, IF DIFFERENT, PRESENTED IN
FOOTNOTES)
---------------------------------------------------------------------------------------------------
Eric J. Draut (3) (1) (A) Director
---------------------------------------------------------------------------------------------------
Jerry W. Hester (2) President & Director
---------------------------------------------------------------------------------------------------
R. Paul Hillman (2) Treasurer & Controller
---------------------------------------------------------------------------------------------------
James A. Marquette (2) Vice President & Secretary
---------------------------------------------------------------------------------------------------
Thomas D. Myers (3) (1) Vice President & Assistant Treasurer
---------------------------------------------------------------------------------------------------
Donald G. Southwell (3) (1) Director & Chairman of the Board
---------------------------------------------------------------------------------------------------
Richard C. Vie (3) (1) (A) Director
---------------------------------------------------------------------------------------------------
Charles L. Wood (3) (1) Director
---------------------------------------------------------------------------------------------------
(1) One East Wacker Drive, Chicago, Illinois 60601.
(2) Union National Life Insurance Company, 8282 Goodwood Boulevard, Baton Rouge, Louisiana 70806
(3) See also, Schedules(s) T, U, and/or UNIT, filed herewith.
(A) Member, Investment Committee of the Board of Directors.