TYPE: SC 13G/A
SEQUENCE: 1
DESCRIPTION: SC 13G/A
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Under the Securities and Exchange Act of 1934
Schedule 13G
(Amendment No. 3)
GOLD STANDARD, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities )
380724104
(CUSIP NUMBER)
December 31, 2002
(Date of Event Requires Filing of This Statement)
Check appropriate box to designate the rule pursuant to which
this schedule is filed:
[X] Rule 13d-1(b)
[ ] 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).
1) Name of Reporting Person: CNA Financial Corporation
SS or IRS Identification 36-6169860
Nos. of Above Persons:
2) Check the Appropriate Box (a) (b) X
If A Member of Group
(See Instructions)
3) SEC Use Only
4) Citizenship or Place of Organization Delaware
Number of (5) Sole Voting Power 0
Shares
Beneficially Owned (6) Shared Voting Power 82,813*
by Each Reporting
Person With: (7) Sole Dispositive Power 0
(8) Shared Dispositive Power: 82,813*
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 82,813*
10) Check if the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions)
11) Percent of Class
Represented By Amount in Row 9 6.5%
12) Type of Reporting
Person (See Instructions) HC
* Under Illinois Law, assets owned by Continental Casualty Company an Illinois
insurance company, are solely under the control of the board of directors of the
insurer. The characterization of shared dispositive power with the parent
holding is made solely as a consequence of SEC interpretations regarding control
of the subsidiary. CNA Financial Corporation and Loews Corporation specifically
disclaim benefical ownership of the securities identified herein.
1) Name of Reporting Person: Loews Corporation
SS or IRS Identification 13-2646102
Nos. of Above Persons:
2) Check the Appropriate Box (a) (b) X
If A Member of Group
(See Instructions)
3) SEC Use Only
4) Citizenship or Place of Organization Delaware
Number of (5) Sole Voting Power 0
Shares
Beneficially Owned (6) Shared Voting Power 82,813*
by Each Reporting
Person With: (7) Sole Dispositive Power 0
(8) Shared Dispositive Power: 82,813*
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 82,813*
10) Check if the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions)
11) Percent of Class
Represented By Amount in Row 9 6.5%
12) Type of Reporting
Person (See Instructions) HC
* Under Illinois Law, assets owned by Continental Casualty Company an Illinois
insurance company, are solely under the control of the board of directors of the
insurer. The characterization of shared dispositive power with the parent
holding is made solely as a consequence of SEC interpretations regarding control
of the subsidiary. CNA Financial Corporation and Loews Corporation specifically
disclaim benefical ownership of the securities identified herein.
1) Name of Reporting Person: Continental Casualty Company
SS or IRS Identification 36-2114545
Nos. of Above Persons:
2) Check the Appropriate Box (a) (b) X
If A Member of Group
(See Instructions)
3) SEC Use Only
4) Citizenship or Place of Organization Delaware
Number of (5) Sole Voting Power 0
Shares
Beneficially Owned (6) Shared Voting Power 82,813*
by Each Reporting
Person With: (7) Sole Dispositive Power 0
(8) Shared Dispositive Power: 82,813*
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 82,813*
10) Check if the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions)
11) Percent of Class
Represented By Amount in Row 9 6.5%
12) Type of Reporting
Person (See Instructions) HC
* Under Illinois Law, assets owned by Continental Casualty Company an Illinois
insurance company, are solely under the control of the board of directors of the
insurer. The characterization of shared dispositive power with the parent
holding is made solely as a consequence of SEC interpretations regarding control
of the subsidiary. CNA Financial Corporation and Loews Corporation specifically
disclaim benefical ownership of the securities identified herein.
Item 1(a) Name of Issuer. Gold Standard, Inc
Item 1(b) Address of Issuer's Principal Executive Offices
GOLD STANDARD, INC.
712 Kearns Building
Salt Lake City, Utah 84101
Item 2(a) Name of Persons Filing. CNA Financial Corporation
Loews Corporation
Continental Casualty Company
Item 2(b) Address of Principal Business Office:
Continental Casualty Company - CNA Plaza, Chicago, Illinois 60685
CNA Financial Corporation - CNA Plaza, Chicago, Illinois 60685
Loews Corporation - 667 Madison Avenue, New York, New York 10021-8087
Item 2(c) Citizenship: Continental Casualty Company - State of Illinois
CNA Financial Corporation - State of Delaware
Loews Corporation - State of Delaware
Item 2(d) Title of Class of Securities. Common Stock
Item 2(e) CUSIP Number. 380724104
Item 3 The persons filing this statement pursuant to Rule 13-1(b)
or 13d-2 are each:
(g) Parent Holding Company (HC) (Relevant subsidiary is
Continental Casualty Company, an Illinois domiciled
insurance company.)
Item 4. Ownership CNA Continental
Financial Casualty
Corp. Loews Corp. Company
(a) Amount Beneficially Owned: 82,813* 82,813* 82,813*
(b) Percent of Class 6.5% 6.5% 6.5%
(c) Number of shares as
to which such person has
(i) sole power to vote or
to direct the vote 0 0 0
(ii) shared power to vote
or to direct vote 82,813* 82,813* 82,813*
(iii) sole power to
dispose or to direct
disposition of 0 0 0
(iv) shared power to
dispose or to direct
disposition 82,813* 82,813* 82,813*
Item 5. Ownership of Five Percent or Less of a Class.
Inapplicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Inapplicable.
Item 7. Identification and Classification of the Subsidiary which
Acquired the Security Being Reported On By the Parent Holding
Company.
Continental Casualty Company, an Illinois insurance company (IC).
See Exhibit 1.
Item 8. Identification and Classification of Members of the Group.
Inapplicable.
Item 9. Notice of Dissolution of the Group.
Inapplicable.
* Under Illinois Law, assets owned by Continental Casualty Company an Illinois
insurance company, are solely under the control of the board of directors of the
insurer. The characterization of shared dispositive power with the parent
holding is made solely as a consequence of SEC interpretations regarding control
of the subsidiary.
Item 10. Certification of CNA Financial Corporation.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of changing
or influencing the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transactions having such
purposes or effect.
After reasonable inquiry and to the best of my knowledge and believe, I certify
that the information set forth in this statement is true, complete and correct.
February 11, 2003
Date
/s/ Jonathan D. Kantor
Signature
Jonathan D. Kantor
Executive Vice President, General Counsel and Secretary
Item 10. Certification of Loews Corporation.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of changing
or influencing the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transactions having such
purposes or effect.
After reasonable inquiry and to the best of my knowledge and believe, I certify
that the information set forth in this statement is true, complete and correct.
February 11, 2003
Date
/s/ Gary W. Garson
Signature
Gary W. Garson
Senior Vice President, Secretary and General Counsel
Item 10. Certification of Continental Casualty Company.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of changing
or influencing the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transactions having such
purposes or effect.
After reasonable inquiry and to the best of my knowledge and believe, I certify
that the information set forth in this statement is true, complete and correct.
February 11, 2003
Date
/s/ Jonathan D. Kantor
Signature
Jonathan D. Kantor
Executive Vice President, General Counsel and Secretary
Exhibit 1
Loews Corporation holds approximately 90.0% of the equity of CNA Financial
Corporation.
CNA Financial Corporation owns 100.0% of the relevant subsidiary, Continental
Casualty Company, an Illinois domiciled insurance company (IC). Continental
Casualty Company is the direct owner of the position being reported.
Exhibit 2
Each of the undersigned hereby agrees that the Schedule 13G filed herewith is
filed jointly, pursuant to Rule 13d-l(f) of the Securities and Exchange Act of
1934, as amended, on behalf of each of the undersigned.
CONTINENTAL CASUALTY COMPANY
/s/ Jonathan D. Kantor
Signature
Jonathan D. Kantor
Executive Vice President, General Counsel and Secretary
CNA FINANCIAL CORPORATION
/s/ Jonathan D. Kantor
Signature
Jonathan D. Kantor
Executive Vice President, General Counsel and Secretary
LOEWS CORPORATION
/s/ Gary W. Garson
Signature
Gary W. Garson
Senior Vice President, Secretary and General Counsel