UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
Thoratec Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
885175307
(CUSIP Number)
December 31, 2002
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*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).
CUSIP No. 885175307 13G
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Peter R. Kellogg
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5. SOLE VOTING POWER
3,385,700
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 300,000
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 3,385,700
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
300,000
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,685,700
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.7%
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12. TYPE OF REPORTING PERSON*
IN, HC
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 885175307 13G
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
IAT Reinsurance Company Ltd.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
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5. SOLE VOTING POWER
3,183,600
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY NONE
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 3,183,600
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
NONE
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,183,600
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.8%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 885175307
ITEM 1(a). NAME OF ISSUER:
Thoratec Corporation ("Thoratec")
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
6035 Stoneridge Drive
Pleasanton, CA 94588
ITEM 2(a). NAME OF PERSON FILING:
This statement is filed on behalf of Peter R. Kellogg and IAT
Reinsurance Company Ltd. ("IAT"), a Bermuda corporation. Mr. Kellogg is the sole
owner of IAT's voting stock, is a member of IAT's board of directors, and is the
President and CEO of IAT. A joint filing agreement of Mr. Kellogg and IAT is
attached hereto as Exhibit A.
This statement relates to 3,183,600 shares of Thoratec held by IAT
and its wholly-owned subsidiaries, 300,000 shares of Thoratec held by a
foundation controlled by Mr. Kellogg and his wife, plus an additional 202,100
shares held by Mr. Kellogg and by companies controlled by Mr. Kellogg. Mr.
Kellogg has sole dispositive and voting power with respect to the shares of
Thoratec owned by IAT and its subsidiaries. Mr. Kellogg disclaims beneficial
ownership of the shares held by his wife and by IAT and its subsidiaries, and
this statement should not be deemed to be an admission that Mr. Kellogg is a
member of any "group" within the meaning of Section 13(d)(3) of the Securities
Exchange Act of 1934, as amended, and the rules and regulations thereunder.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
120 Broadway, New York, NY 10271
ITEM 2(c). CITIZENSHIP:
IAT is a Bermuda corporation, and Peter R. Kellogg is a citizen of
the United States.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
885175307
CUSIP No. 885175307
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b) OR
13d-2(c), CHECK WHETHER THE PERSON FILING IS A:
N/A
ITEM 4. OWNERSHIP
(a) AMOUNT BENEFICIALLY OWNED: 3,685,700 shares
(b) PERCENT OF CLASS: 6.7%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) Sole power to vote or to direct the vote: 3,385,700 shares
(ii) Shared power to vote or to direct the vote: 300,000
(iii) Sole power to dispose or to direct the disposition of:
3,385,700 shares
(iv) Shared power to dispose or to direct the disposition of:
300,000
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 5 percent of the class of securities, check the
following: |_|
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
The non-voting stockholders of IAT have the right to participate in
the receipt of dividends from, or proceeds from the sale of, the
shares held by them in accordance with their ownership interest in
IAT.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
See Exhibit B.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
CUSIP No. 885175307
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
CUSIP No. 885175307
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, each
of the undersigned certify that the information set forth in this statement is
true, complete and correct.
IAT REINSURANCE COMPANY LTD.
Dated: February 20, 2004
New York, New York By: /s/ Peter R. Kellogg
------------------------
Name: Peter R. Kellogg
Title: President and CEO
Dated: February 20, 2004
New York, New York /s/ Peter R. Kellogg
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Peter R. Kellogg
CUSIP No. 885175307
Exhibit A
JOINT FILING AGREEMENT
In accordance with the provisions of Rule 13d-1(k) under the
Securities Exchange Act of 1934, as amended, the undersigned hereby agree to
jointly prepare and file a Schedule 13G (including any future amendments
thereto) reporting each of the undersigned's ownership of securities of Thoratec
Corporation and further agree to the filing of this Agreement as an Exhibit
thereto. In addition, each party to this Agreement expressly authorizes each
other party to file on its behalf any and all amendment to such Schedule 13G.
The undersigned acknowledge that each shall be responsible for the timely filing
of such amendments, and for the completeness and accuracy of the information
concerning him or it contained therein, but shall not be responsible for the
completeness and accuracy of the information concerning the other, except to the
extent that he or it knows or has reason to believe that such information is
inaccurate.
IAT REINSURANCE COMPANY LTD.
Dated: February 20, 2004
New York, New York By: /s/ Peter R. Kellogg
------------------------
Name: Peter R. Kellogg
Title: President and CEO
Dated: February 20,2004
New York, New York /s/ Peter R. Kellogg
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Peter R. Kellogg
CUSIP No. 885175307
Exhibit B
ITEM 7
IAT is the relevant subsidiary for which Peter R. Kellogg may be
considered a control person.