United States
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)
John Hancock Patriot Global Dividend Fund
(Name of Issuer)
Common Stock
(Title of Class of Securities)
41013G-10-3
(CUSIP Number)
The Commerce Group, Inc.
211 Main Street
Webster, MA 01570
(508) 943-9000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 5, 2002
(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(e), 13d-1(f) or 13d-
1(g), check the following box: [X]
The information required on 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 12
CUSIP No.: 41013G-10-3 THE COMMERCE GROUP, INC.
SCHEDULE 13D
AMENDMENT No. 6
MARCH 7, 2002
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. ID NO. OF ABOVE PERSON
The Commerce Group Inc.
ID# 04-2599931
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS [WC]
5 CHECK BOX IF DISCLOSURE OF LEGAL [ ]
PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
SOLE VOTING POWER 2,399,200
SHARED VOTING POWER 0
SOLE DISPOSITIVE POWER 2,399,200
SHARED DISPOSITIVE POWER 0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,399,200
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.8%
14. TYPE OF REPORTING PERSON
[HC]
Page 2 of 12
CUSIP No.: 41013G-10-3 THE COMMERCE GROUP, INC.
SCHEDULE 13D
AMENDMENT No. 6
MARCH 7, 2002
ITEM 1. SECURITY AND ISSUER
This Schedule 13D relates to the shares of beneficial interest
(the "Shares"), of John Hancock Patriot Global Dividend Fund (the
"Fund"), a Massachusetts business trust registered as an investment
company under the Investment Company Act of 1940, as amended (the
"Investment Company Act"). The principal executive offices of the Fund
are located at 101 Huntington Avenue, Boston, MA, 02199-7603.
ITEM 2. IDENTITY AND BACKGROUND
(a) - (c) This Schedule 13D is being filed by The Commerce Group
Inc. (the "Reporting Person"), a corporation formed under the laws of
Massachusetts. The Reporting Person is a corporation whose principal
offices are located at 211 Main Street Webster, MA 01570. The name,
business address and principal occupation of each director and officer
of the Reporting Person are set forth on Annex A hereto, which is
incorporated by reference. All information in this Schedule 13D with
respect to the persons listed on Annex A is given to the knowledge of
the Reporting Person.
(d) During the past five years, neither the Reporting Person nor
any of the persons listed on Annex A has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors).
(e) During the past five years, neither the Reporting Person nor
any of the persons listed on Annex A has been 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.
(f) All of the individuals listed in Annex A are citizens of the
United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The source of the funds used by the Reporting Person to purchase
Shares listed in Item 5(a) was working capital. The amount of the
funds used to purchase such shares aggregated approximately
$26,196,375.
Page 3 of 12
CUSIP No.: 41013G-10-3 THE COMMERCE GROUP, INC.
SCHEDULE 13D
AMENDMENT No. 6
MARCH 7, 2002
ITEM 4. PURPOSE OF TRANSACTION
The shares of beneficial interest of the Fund ("Shares") held by
the Reporting Person were acquired in the ordinary course of business
by the Reporting Person for the purpose of investment and capital
appreciation. In pursuing this investment philosophy, the Reporting
Person routinely monitors the performance, trading prices, investment
strategy and portfolio securities of the Fund, and of other investment
funds in which it invests, and may discuss such matters with fund
management, shareholders, or others. The Reporting Person, as an
insurance company holding company, is entitled to file securities
ownership reports required by the Securities and Exchange Act of 1934
on Schedule 13G. Under amended rules under the Securities Exchange Act
of 1934, a person reporting on Schedule 13G may elect to convert such
filing to a Schedule 13D, in part, to ensure that discussions with
management, or other actions by the Reporting Person, do not limit the
Reporting Person's ability to acquire additional Shares, or to vote the
shares it already owns. Accordingly, in order to maintain desired
flexibility for such transactions and discussions, the Reporting Person
has elected to convert its ownership filing on Schedule 13G to a filing
on Schedule 13D.
The matters which the Reporting Person intends to consider,
discuss or pursue may include additional purchases of Shares, ceasing
the purchase of additional Shares, sales of Shares or one or more of
the items described in items (a) through (j) of Item 4. Whether any of
such actions are taken by the Reporting Person will depend upon the
Reporting Person's evaluation of several factors, including the Fund's
business and prospects, future developments, the level of discount in
Share market prices from net asset value ("NAV"), the performance of
the Funds' investments, the availability of funds to the Reporting
Person, alternative uses of funds, stock and money market conditions,
and general economic conditions. Such factors may materially affect the
Reporting Person's decision to purchase additional Shares, or take
other actions, and may result in the Reporting Person's increasing its
ownership to a majority or more of the outstanding Shares, and/or
proposing changes in operations, governance or capitalization of the
Fund. The Reporting Person will review its investment in the Fund from
time to time and reserves the right to take or not take any action it
deems to be in its best interest or to change its intention as set
forth in this Item 4.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Fund's reports with the Securities and Exchange Commission
report that 8,344,700 Shares are outstanding. Based upon such number,
the Reporting Person beneficially owns 28.8% of the Fund's outstanding
Shares.
The Reporting Person is the beneficial owner (through its
insurance subsidiaries as listed below) of 2,399,200 Shares, over which
it has sole power of disposition and voting. Such number of Shares
represents approximately 28.8% of the outstanding Shares.
Shares Cost
The Commerce Insurance Company 2,099,200 $23,086,000
American Commerce Insurance Company 300,000 3,110,375
Totals 2,399,200 $26,196,375
Page 4 of 12
CUSIP No.: 41013G-10-3 THE COMMERCE GROUP, INC.
SCHEDULE 13D
AMENDMENT No. 6
MARCH 7, 2002
(c) Subsequent to November 19, 2001, the Reporting Person has
effected the following purchases in the shares of Common Stock, all of
which were made on the New York Stock Exchange (see attached Annex B).
Purchases prior to November 20, 2001 were reported on previous Schedule
13D filings.
(d) No person other than the Reporting Person has the right to
receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the shares of Common Stock owned by the
Reporting Person.
(e) It is inapplicable to state the date on which the Reporting
Person ceased to be the beneficial owner of more than five percent of the
Common Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER
The Reporting Person does not have any contract, arrangement,
understanding or relationship (legal or otherwise) with any person with
respect to any securities of the Fund, including, but not limited to, the
transfer or voting of any such securities, finders' fees, joint ventures,
loan or option arrangements, puts or calls, guarantees of profits,
division of profits or loss, or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Annex A Officers and Directors of Reporting Person and Insurance
Subsidiaries
Annex B Item 5(c) Information
Page 5 of 12
CUSIP No.: 41013G-10-3 THE COMMERCE GROUP, INC.
SCHEDULE 13D
AMENDMENT No. 6
MARCH 7, 2002
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.
March 7, 2002 THE COMMERCE GROUP INC.
Gerald Fels
Executive Vice President &
Chief Financial Officer
Page 6 of 12
ANNEX A
THE COMMERCE GROUP, INC.
211 Main Street, Webster, MA 01570
DIRECTORS
Herman F. Becker......................... President and owner, Sterling Realty and Huguenot
Development Corporation
Joseph A. Borski, Jr..................... Self-employed Certified Public Accountant
Eric G. Butler........................... Retired Vice President and General Claims Manager
of Commerce and Citation
Henry J. Camosse......................... Retired President, Henry Camosse & Sons Co., Inc.,
a building and masonry supplies company
Gerald Fels.............................. Executive Vice President and Chief Financial
Officer of the Company; President, Chief Operating
Officer and Chief Financial Officer of Commerce
and Citation
David R. Grenon.......................... Chairman Emeritus and Assistant Clerk of The
Protector Group Insurance Agency, Inc.
Robert W. Harris......................... Retired Treasurer, H.C. Bartlett Insurance Agency,
Inc.
Robert S. Howland........................ Retired Clerk, H.C. Bartlett Insurance Agency,
Inc.
John J. Kunkel........................... President and Treasurer, Kunkel Buick and GMC
Truck; Treasurer, Kunkel Bus Company
Raymond J. Lauring....................... Retired President, Lauring Construction Company
Normand R. Marois........................ Retired Chairman of the Board, Marois Bros., Inc.,
a contracting firm
Suryakant M. Patel....................... Retired physician who specialized in internal
medicine
Arthur J. Remillard, Jr.................. President, Chief Executive Officer and Chairman
of the Board of the Company
Arthur J. Remillard, III................. Senior Vice President and Assistant Clerk of
the Company; Senior Vice President of Commerce
and Citation in charge of Policyholder Benefits
Regan P. Remillard....................... Senior Vice President of the Company; President
and Secretary of Commerce West Insurance Company;
President of ACIC Holding Co., Inc.; President,
Vice Chairman of the Board and Chief Executive
Officer of American Commerce Insurance Company
Gurbachan Singh.......................... Retired physician who specialized in general
surgery
John W. Spillane......................... Clerk of the Company and practicing attorney
Page 7 of 12
ANNEX A
DIRECTORS OF
COMMERCE HOLDINGS, INC.
The Commerce Insurance Company
Commerce West Insurance Company
Citation Insurance Company
211 Main Street, Webster, MA 01570
Arthur J. Remillard, Jr........... President of Commerce Holdings, Inc.; Chief Executive
Officer and Chairman of the Board of The Commerce
Insurance Company and Citation Insurance Company;
Chairman of the Board of Commerce West Insurance
Company
Gerald Fels....................... President, Chief Operating Officer and Chief
Financial Officer of The Commerce Insurance Company
and Citation Insurance Company; Investment Officer
of Commerce West Insurance Company; Treasurer,
Commerce Holdings, Inc.
Arthur J. Remillard, III.......... Senior Vice President and Clerk
Regan P. Remillard................ Senior Vice President; President and Secretary of
Commerce West Insurance Company
James A. Ermilio.................. Senior Vice President and General Counsel
David R. Grenon................... Chairman Emeritus and Assistant Clerk of The
Protector Group Insurance Agency
John M. Nelson.................... Chairman of Brown & Sharpe Mfg., Co.
Suryakant M. Patel................ Retired physician who specialized in internal
medicine
William G. Pike................... Executive Vice President and Chief Financial Officer
of Granite State Bankshares, Inc.
H. Thomas Rowles.................. Chairman of the Board of ACIC Holding Co., Inc.;
Chairman of the Board of American Commerce Insurance
Company; Director of AAA Southern New England
Mark A. Shaw...................... Treasurer of ACIC Holding Co., Inc.; President, Chief
Executive Officer and Director of AAA Southern
New England
Page 8 of 12
ANNEX A
DIRECTORS OF
American Commerce Insurance Company
3590 Twin Creeks Drive, Columbus, OH 43204
H. Thomas Rowles.................. Chairman of the Board of ACIC Holding Co., Inc.;
Chairman of the Board of American Commerce Insurance
Company; Director of AAA Southern New England
Regan P. Remillard................ President of ACIC Holding Co., Inc.; President, Vice
Chairman of the Board and Chief Executive Officer of
American Commerce Insurance Company; Senior Vice
President of The Commerce Group, Inc.; President and
Secretary of Commerce West Insurance Company
Mark A. Shaw...................... Treasurer of ACIC Holding Co., Inc.; President, Chief
Executive Officer and Director of AAA Southern
New England
Gerald Fels....................... Executive Vice President and Chief Financial Officer
of The Commerce Group, Inc.
Patrick W. Doherty................ President and Chief Executive Officer of AAA Oklahoma
Terry R. Farias................... President and Chief Executive Officer of AAA Hoosier
Motor Club
Richard S. Hamilton............... President of AAA West Pennsylvania/West
Virginia/South Central Ohio
Charles B. Liekweg................ President and Chief Executive Officer of AAA
Washington
D. James McDowell................. President and Chief Executive Officer of AAA Arizona
Peter C. Ohlheiser................ President of Ohio Motorists Association
Otto T. Wright.................... President and Chief Executive Officer of East
Tennessee Automobile Club, Inc.
Page 9 of 12
ANNEX A
THE COMMERCE GROUP, INC.
211 Main Street, Webster, MA 01570
OFFICERS OF THE COMMERCE GROUP, INC.
President, Chief Executive Officer and Chairman of the Board..... Arthur J. Remillard, Jr.
Executive Vice President and Chief Financial Officer............. Gerald Fels
Senior Vice President and Assistant Clerk........................ Arthur J. Remillard, III
Senior Vice President............................................ Regan P. Remillard
Senior Vice President and General Counsel........................ James A. Ermilio
Vice President................................................... Joseph J. Staffieri
Clerk............................................................ John W. Spillane
Treasurer and Chief Accounting Officer........................... Randall V. Becker
Vice President................................................... Robert E. McKenna
Assistant Vice President and Assistant General Counsel........... Thomas D. Jungeberg
Assistant Treasurer.............................................. Thomas A. Gaylord
OFFICERS OF MASSACHUSETTS INSURANCE SUBSIDIARIES
Chief Executive Officer and Chairman of the Board................ Arthur J. Remillard, Jr.
President, Chief Operating Officer and Chief Financial Officer... Gerald Fels
Senior Vice President and Secretary.............................. Arthur J. Remillard, III
Senior Vice Presidents........................................... David H. Cochrane
Peter J. Dignan
Regan P. Remillard
Joyce B. Virostek
Senior Vice President and General Counsel........................ James A. Ermilio
Vice Presidents.................................................. Karen A. Lussier
Robert E. McKenna
Michael J. Richards
Angelos Spetseris
Joseph J. Staffieri
Henry R. Whittier, Jr.
Assistant Vice Presidents................... David P. Antocci James E. Gow
Robert M. Blackmer Susan A. Horan
Stephen R. Clark John V. Kelly
Raymond J. DeSantis Donald G. MacLean
Warren S. Ehrlich Patrick J. McDonald
Richard W. Goodus Robert L. Mooney
Emile E. Riendeau
Assistant Vice President and Assistant General Counsel........... Thomas D. Jungeberg
Treasurer and Chief Accounting Officer........................... Randall V. Becker
Assistant Treasurer.............................................. Thomas A. Gaylord
Page 10 of 12
ANNEX A
Officers of American Commerce Insurance Company
211 Main Street, Webster, MA 01570
Chairman of the Board.............................................. H. Thomas Rowles
President, Vice Chairman of the Board and Chief Executive Officer.. Regan P. Remillard
Senior Vice President and Chief Financial Officer.................. Michael V. Vrban
General Counsel and Secretary...................................... James A. Ermilio
Treasurer.......................................................... Richard B. O'Hara
Vice President..................................................... Gregory S. Clark
Vice President..................................................... Joseph B. Phillips, Jr.
Assistant Vice President........................................... Jeffrey B. Alexander
Assistant Vice President........................................... William J. Hafer
Assistant General Counsel and Assistant Secretary.................. Thomas D. Jungeberg
Page 11 of 12
ANNEX B
Item 5 (c) - Information
PURCHASES FROM 11/20/01 - 03/05/02
41013G-10-3 JOHN HANCOCK PATRIOT GLOBAL DIVIDEND FUND
COMMERCE INSURANCE COMPANY
TRADE SETTLEMENT PURCHASE PRICE ACQUISITION
DATE DATE SHARES PER SHARE COST
11/26/01 11/29/01 1,500 $12.58 $ 18,885.00
11/29/01 12/04/01 100 12.57 1,269.00
12/04/01 12/07/01 2,200 12.58 27,698.00
12/05/01 12/10/01 5,600 12.68 71,008.00
12/07/01 12/12/01 200 12.48 2,508.00
12/10/01 12/13/01 1,000 12.58 12,590.00
12/12/01 12/17/01 6,100 12.54 76,494.00
12/14/01 12/19/01 700 12.42 8,708.00
12/18/01 12/21/01 5,800 12.36 71,688.00
12/18/01 12/21/01 1,800 12.37 22,284.00
12/19/01 12/24/01 1,200 12.43 14,928.00
12/21/01 12/27/01 7,700 12.53 96,481.00
12/26/01 12/31/01 3,700 12.58 46,546.00
02/20/02 02/25/02 100 12.62 1,274.00
02/21/02 02/26/02 7,500 12.78 95,850.00
02/22/02 02/27/02 5,700 12.79 72,903.00
02/25/02 02/28/02 3,700 12.84 47,508.00
03/01/02 03/06/02 10,900 12.74 139,302.00
03/04/02 03/07/02 4,900 12.80 62,916.00
03/05/02 03/08/02 4,900 12.85 63,161.00
Totals 75,300 $954,001.00
Page 12 of 12