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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |||
| 1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Sagard Capital Partners, L.P. 325 GREENWICH AVENUE GREENWICH, CT 06830 |
 |  X |  |  |
| Sagard Capital Partners GP, Inc. 325 GREENWICH AVENUE GREENWICH, CT 06830 |
 |  X |  |  |
| Sagard Capital Partners Management CORP 325 GREENWICH AVENUE GREENWICH, CT 06830 |
 |  X |  |  |
| SCP-325 Holding Corp. 325 GREENWICH AVENUE GREENWICH, CT 06830 |
 |  X |  |  |
| SCP-325 Merger Sub, Inc. 325 GREENWICH AVENUE GREENWICH, CT 06830 |
 |  X |  |  |
| /s/ Dan Friedberg, President, Sagard Capital Partners, L.P. | 07/11/2012 | |
| **Signature of Reporting Person | Date | |
| /s/ Dan Friedberg, President, Sagard Capital Partners GP, Inc. | 07/11/2012 | |
| **Signature of Reporting Person | Date | |
| /s/ Dan Friedberg, President, Sagard Capital Partners Management Corp. | 07/11/2012 | |
| **Signature of Reporting Person | Date | |
| /s/ Dan Friedberg, President, SCP-325 Holding Corp. | 07/11/2012 | |
| **Signature of Reporting Person | Date | |
| /s/ Dan Friedberg, President, SCP-325 Merger Sub, Inc. | 07/11/2012 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Sagard Capital Partners, L.P., a Delaware limited partnership ("Sagard"), is the direct beneficial owner of the reported 445,100 shares of Common Stock of the Issuer (the "Sagard Shares"). Sagard Capital Partners GP, Inc., a Delaware corporation ("GP"), and Sagard Capital Partners Management Corp., a Delaware corporation ("Sagard Management," and together with Sagard and GP, the "Sagard Reporting Persons") may be deemed to be indirect beneficial owners of such reported Sagard Shares. Each of the Reporting Persons disclaims beneficial ownership (as defined in Rule 16a-1(a)(2)) of the securities reported herein except to the extent of its pecuniary interest therein. (See Footnote 2 for continuation of Footnote 1). |
| (2) | SCP-325 Holding Corp., a Delaware corporation ("Parent"), and SCP-325 Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Sub" and, together with Parent and the Sagard Reporting Persons, the "Reporting Persons"), are also Reporting Persons on this Form 3, but are not the direct or indirect beneficial owners (as defined in Rule 16a-1(a)(2)) of any shares of Common Stock of the Issuers. |
|  Remarks: This Form 3 is being filed by the Reporting Persons, who have filed a Schedule 13D with respect to the Common Stock of the Issuer.  The Reporting Persons may be deemed to be beneficial owners, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, and Rule 16a-1(a)(1), of an additional 3,221,084 shares of Common Stock of the Issuer (the "Kellog/IAT Shares"), which are subject to a Voting Agreement among Parent, IAT Reinsurance Company Ltd., a Bermuda limited company ("IAT"), Wilshire Insurance Company, a North Carolina domiciled insurance company ("Wilshire"), and Peter R. Kellogg, a control person of each of IAT and Wilshire, pursuant to which IAT, Wilshire and Peter R. Kellogg agreed, among other things, to certain voting covenants with respect to the transactions contemplated by the Agreement and Plan of Merger dated as of June 10, 2012, among Parent, Merger Sub and the Issuer. Each of the Reporting Persons disclaims beneficial ownership (as defined in Rule 16a-1(a)(2)) of the Kellogg/IAT Shares. As a result of direct and indirect securities holdings, Power Corporation of Canada and Mr. Paul G. Desmarais may each be deemed (i) to control the Reporting Persons, although the filing of this Form 3 shall not be construed as an admission that any such control relationship actually exists, and (ii) to beneficially own the securities reported herein.  Each of Power Corporation of Canada and Mr. Paul G. Desmarais disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein. | |