PROSPECTUS SUPPLEMENT Filed Pursuant to Rule 424(b)(3)
(TO PROSPECTUS DATED AUGUST 8, 2001) Registration No. 333-65216
[LOGO of First American Corporation]
THE FIRST AMERICAN CORPORATION
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$210,000,000 Principal Amount of
4.50% Senior Convertible Debentures Due 2008
(Interest Payable April 15 and October 15)
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7,500,000 Common Shares
(Subject To Adjustment)
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This document supplements the prospectus dated August 8, 2001, as
supplemented by the prospectus supplement dated September 7, 2001, the
prospectus supplement dated October 9, 2001, the prospectus supplement dated
November 21, 2001, the prospectus supplement dated January 25, 2002 and the
prospectus supplement dated April 12, 2002 relating to the senior convertible
debentures and the common shares issuable upon conversion of the senior
convertible debentures. This prospectus supplement is incorporated by reference
into the prospectus. The information in this prospectus supplement replaces and
supersedes the information set forth under the heading "Selling Securityholders"
in the prospectus dated August 8, 2001.
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YOU SHOULD READ CAREFULLY THE "RISK FACTORS" BEGINNING
ON PAGE 4 OF THE PROSPECTUS BEFORE DECIDING WHETHER TO
INVEST IN OUR SENIOR CONVERTIBLE DEBENTURES OR COMMON SHARES.
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Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or passed upon the
adequacy or accuracy of this prospectus. Any representation to the contrary is a
criminal offense.
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The date of this prospectus supplement is June 25, 2002.
SELLING SECURITYHOLDERS
The senior convertible debentures were originally purchased from First
American on April 24, 2001. The initial purchasers of the senior convertible
debentures have advised First American that the senior convertible debentures
were resold in transactions exempt from the registration requirements of the
Securities Act to "qualified institutional buyers," defined in Rule 144A of the
Securities Act and to buyers outside the United States in accordance with
Regulation S under the Securities Act. These subsequent purchasers, or their
transferees, pledgees, donees or successors, may from time to time offer and
sell any or all of the senior convertible debentures and/or First American
common shares issuable upon conversion of the senior convertible debentures
pursuant to this prospectus.
The selling securityholders may choose to sell senior convertible
debentures and/or common shares issuable upon conversion of the senior
convertible debentures from time to time. See "Plan of Distribution."
The following table sets forth:
o the name of each selling securityholder who has provided First
American with notice as of the date of this prospectus pursuant to
the registration rights agreement of its intent to sell or
otherwise dispose of senior convertible debentures and/or common
shares issuable upon conversion of the senior convertible
debentures pursuant to the registration statement;
o the principal amount of senior convertible debentures and the
number of common shares issuable upon conversion of the senior
convertible debentures which it may sell from time to time
pursuant to the registration statement; and
o the amount of outstanding senior convertible debentures and common
shares beneficially owned by the selling securityholder prior to
the offering (assuming no conversion of the senior convertible
debentures).
Except as indicated below, no selling securityholder, and no affiliate
of a selling securityholder, has held any position or office with, been employed
by or otherwise has had any material relationship with First American or First
American's affiliates, during the three years prior to the date of this
prospectus.
A selling securityholder may offer all or some portion of the senior
convertible debentures and common shares issuable upon conversion of the senior
convertible debentures. Accordingly, no estimate can be given as to the amount
or percentage of senior convertible debentures or common shares that will be
held by the selling securityholders upon termination of sales pursuant to this
prospectus. In addition, the selling securityholders identified below may have
sold, transferred or disposed of all or a portion of their senior convertible
debentures since the date on which they provided the information regarding their
holdings in transactions exempt from the registration requirements of the
Securities Act.
Amount of Senior Amount of Senior Common
Convertible Convertible Shares Common Shares
Debentures that Debentures Owned that may Owned Before
Selling Security Holder* may be Sold Before the Offering be Sold the Offering
----------------------- ------------- ------------------- --------- --------------
AAM/Zazove Institutional Income Fund LP......... $ 800,000 $ 800,000 28,571 0
Acacia Life Insurance Company................... $ 220,000 $ 220,000 7,857 0
Aftra Health Fund............................... $ 285,000 $ 285,000 10,178 0
AIG/National Union Fire Insurance............... $ 600,000 $ 600,000 21,428 0
Alpine Associates............................... $ 4,350,000 $ 4,350,000 155,357 0
Alpine Partners, L.P............................ $ 650,000 $ 650,000 23,214 0
American Country Insurance Company.............. $ 400,000 $ 400,000 14,285 0
American Fidelity Assurance Company............. $ 150,000 $ 150,000 5,357 0
American Founders Life Insurance Company........ $ 250,000 $ 250,000 8,928 0
American Motorist Insurance Company............. $ 575,000 $ 575,000 20,535 0
American Pioneer Life Insurance Co.
of New York.................................. $ 80,000 $ 80,000 2,857 0
American Progressive Life and Health
Insurance Company of New York................ $ 80,000 $ 80,000 2,857 0
American Public Entity Excess Pool.............. $ 80,000 $ 80,000 2,857 0
Amerisure Companies/Michigan Mutual
Insurance Company............................ $ 300,000 $ 300,000 10,714 0
Ameritas Life Insurance Company................. $ 450,000 $ 450,000 16,071 0
Amwest Surety Insurance Company................. $ 370,000 $ 370,000 13,214 0
Arbitex Master Fund, L.P........................ $ 6,775,000 $ 6,775,000 241,964 0
Arkansas PERS................................... $ 1,150,000 $ 1,150,000 41,071 0
Baltimore Life Insurance........................ $ 300,000 $ 300,000 10,714 0
Banc of America Securities LLC.................. $ 9,820,000 $ 9,820,000 350,714 0
Bankers Trust Company Trustee for
DaimlerChrysler Corp Emp.#1
Pension Plan Dtd 4/1/89...................... $ 5,250,000 $ 5,250,000 187,500 0
Bay County PERS................................. $ 155,000 $ 155,000 5,535 0
BayState Health System, Inc..................... $ 15,000 $ 15,000 535 0
BCS Life Insurance Company...................... $ 600,000 $ 600,000 21,428 0
Bear, Stearns & Co. INC......................... $ 3,000,000 $ 3,000,000 107,142 0
Blue Cross Blue Shield of Florida............... $ 750,000 $ 750,000 26,785 0
BN Convertible Securities Top Fund.............. $ 420,000 $ 420,000 15,000 0
Boilermakers Blacksmith Pension Trust .......... $ 1,575,000 $ 1,575,000 56,250 0
British Virgin Island Social Security Board..... $ 54,000 $ 54,000 1,928 0
Buckeye State Mutual Insurance Co............... $ 25,000 $ 25,000 892 0
CareFirst BlueChoice, Inc....................... $ 35,000 $ 35,000 1,250 0
CareFirst of Maryland, Inc...................... $ 150,000 $ 150,000 5,357 0
Catholic Mutual Relief Society of America....... $ 700,000 $ 700,000 25,000 0
Catholic Mutual Relief Society of America
Retirement Plan and Trust.................... $ 300,000 $ 300,000 10,714 0
Catholic Relief Insurance Company
of America................................... $ 550,000 $ 550,000 19,642 0
Celina Mutual Insurance Company................. $ 20,000 $ 20,000 714 0
Central States Health and Life Company
of Omaha..................................... $ 260,000 $ 260,000 9,285 0
Chicago Mutual Insurance Company................ $ 70,000 $ 70,000 2,500 0
Chrysler Insurance
Company...................................... $ 2,000,000 $ 2,000,000 71,428 0
City of Birmingham Retirement &
Relief System................................ $ 750,000 $ 750,000 26,785 0
Clinton Riverside Convertible Portfolio
Limited...................................... $ 7,025,000 $ 7,025,000 250,892 0
Colgate-Palmolive Company Retirement Trust...... $ 380,000 $ 380,000 13,571 0
Colonial Life Insurance Company of Texas........ $ 45,000 $ 45,000 1,607 0
Colonial Lloyd Insurance Company................ $ 15,000 $ 15,000 535 0
Commonwealth Dealers--CDLIC...................... $ 180,000 $ 180,000 6,428 0
Concord Life Insurance Company.................. $ 180,000 $ 180,000 6,428 0
Condor Insurance Company........................ $ 160,000 $ 160,000 5,714 0
Conseco Annuity Assurance Multi-Bucket
Annuity Convertible Bond Fund................ $ 2,750,000 $ 2,750,000 98,214 0
Conseco Fund Group - Convertible Securities
Fund......................................... $ 750,000 $ 750,000 26,785 0
Credit Lyonnais Securities (USA) Inc............ $ 2,000,000 $ 2,000,000 71,428 0
Credit Suisse First Boston Corporation.......... $ 3,230,000 $ 3,230,000 115,357 0
CSA Fraternal Life Insurance Company............ $ 130,000 $ 130,000 4,642 0
CSFB Convertible & Quantitative Strategies...... $ 2,500,000 $ 2,500,000 89,285 0
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Cumberland Insurance Company.................... $ 100,000 $ 100,000 3,571 0
Cumberland Mutual Fire Insurance
Company...................................... $ 400,000 $ 400,000 14,285 0
Dakota Truck Underwriters....................... $ 25,000 $ 25,000 892 0
Delaware PERS................................... $ 1,725,000 $ 1,725,000 61,607 0
Delta Airlines Inc. Retirement Plan............. $ 2,620,000 $ 2,620,000 93,571 0
Deutsche Bank AG London......................... $ 6,525,000 $ 6,525,000 233,035 0
Deutsche Bank Securities Inc.................... $ 6,775,000 $ 6,775,000 241,964 0
DLB High Yield Fund............................. $ 40,000 $ 40,000 1,428 0
Dorinco Reinsurance Company..................... $ 800,000 $ 800,000 28,571 0
Eagle Pacific Insurance Company................. $ 270,000 $ 270,000 9,642 0
Educators Mutual Life Insurance Company......... $ 230,000 $ 230,000 8,214 0
F.I.S.T. Convertible Securities Fund............ $ 3,000,000 $ 3,000,000 107,142 0
F.R. Convt. Sec. Fn............................. $ 300,000 $ 300,000 10,714 0
Farmers Home Mutual Insurance Company........... $ 450,000 $ 450,000 16,071 0
Farmers Mutual Protective Association
of Texas..................................... $ 130,000 $ 130,000 4,642 0
Federated Rural Electric Insurance Exchange..... $ 450,000 $ 450,000 16,071 0
First Dakota Indemnity Company.................. $ 15,000 $ 15,000 535 0
First Mercury - Clarendon National.............. $ 270,000 $ 270,000 9,642 0
First Mercury Insurance Company................. $ 330,000 $ 330,000 11,785 0
Founders Insurance Company...................... $ 40,000 $ 40,000 1,428 0
Franklin and Marshall College................... $ 220,000 $ 220,000 7,857 0
FreeState Health Plan, Inc...................... $ 45,000 $ 45,000 1,607 0
Genessee County Employees' Retirement
System....................................... $ 275,000 $ 275,000 9,821 0
Global Bermuda Limited Partnership.............. $ 1,000,000 $ 1,000,000 35,714 0
Goldman Sachs and Company....................... $ 500,000 $ 500,000 17,857 0
Goodville Mutual Casualty Company............... $ 50,000 $ 50,000 1,785 0
Grain Dealers Mutual Insurance.................. $ 170,000 $ 170,000 6,071 0
Green Tree Perpetual Assurance Company.......... $ 250,000 $ 250,000 8,928 0
Group Hospitalization and Medical
Services, Inc................................ $ 175,000 $ 175,000 6,250 0
Guarantee Trust Life Insurance Company.......... $ 1,000,000 $ 1,000,000 35,714 0
Guaranty Income Life Insurance Company.......... $ 400,000 $ 400,000 14,285 0
Gulf Investment Corporation..................... $ 350,000 $ 350,000 12,500 0
Hannover Life Reassurance Company
of America................................... $ 800,000 $ 800,000 28,571 0
HealthNow New York, Inc......................... $ 100,000 $ 100,000 3,571 0
HFR Master Fund LTD............................. $ 200,000 $ 200,000 7,142 0
Highbridge International LLC.................... $ 4,000,000 $ 4,000,000 142,857 0
Holy Family Society............................. $ 100,000 $ 100,000 3,571 0
ICI American Holdings Trust..................... $ 650,000 $ 650,000 23,214 0
Independence Blue Cross......................... $ 235,000 $ 235,000 8,392 0
Indiana Lumbermens Mutual Insurance
Company...................................... $ 450,000 $ 450,000 16,071 0
Integrity Mutual Insurance Company.............. $ 300,000 $ 300,000 10,714 0
ISBA Mutual Insurance Company................... $ 210,000 $ 210,000 7,500 0
Jackson County Employees' Retirement
System....................................... $ 150,000 $ 150,000 5,357 0
Jefferies & Co.................................. $ 800,000 $ 800,000 28,571 0
JMG Capital Partners, LP........................ $ 500,000 $ 500,000 17,857 0
Kanawha Insurance Company....................... $ 1,000,000 $ 1,000,000 35,714 0
Kerr-McGee Corporation.......................... $ 400,000 $ 400,000 14,285 0
Lakeshore International Ltd..................... $ 2,000,000 $ 2,000,000 71,428 0
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Landesbank Schleswig-Holstein
International S.A............................ $ 1,000,000 $ 1,000,000 35,714 0
Landmark Life Insurance Company................. $ 60,000 $ 60,000 2,142 0
Lebanon Mutual Insurance Company................ $ 140,000 $ 140,000 5,000 0
Lehman Brothers Inc.**.......................... $ 24,500,000 $ 24,500,000 875,000 0
Lincoln Memorial Life Insurance Company......... $ 225,000 $ 225,000 8,035 0
Lions Club International Foundation............. $ 200,000 $ 200,000 7,142 0
Local Initiatives Support Corporation........... $ 60,000 $ 60,000 2,142 0
Loyal Christian Benefit Association............. $ 70,000 $ 70,000 2,500 0
Lutheran Brotherhood............................ $ 1,000,000 $ 1,000,000 35,714 0
Lyxor Master Fund............................... $ 5,000,000 $ 5,000,000 178,571 0
Macomb County Employees' Retirement
System....................................... $ 350,000 $ 350,000 12,500 0
Mainstay Convertible Fund....................... $ 4,115,000 $ 4,115,000 146,964 0
Mainstay VP Convertible Portfolio............... $ 1,045,000 $ 1,045,000 37,321 0
Marquette Indemnity and Life Insurance
Company...................................... $ 60,000 $ 60,000 2,142 0
Massachusetts Mutual Life Insurance
Company...................................... $ 1,300,000 $ 1,300,000 46,428 0
MassMutual Asia Limited......................... $ 15,000 $ 15,000 535 0
MassMutual Corporate Investors.................. $ 220,000 $ 220,000 7,857 0
MassMutual Diversified Bond Fund................ $ 15,000 $ 15,000 535 0
MassMutual High Yield Partners II LLC........... $ 775,000 $ 775,000 27,678 0
MassMutual Participation Investors.............. $ 120,000 $ 120,000 4,285 0
Medico Life Insurance Company................... $ 800,000 $ 800,000 28,571 0
MEDMARC Insurance Company....................... $ 600,000 $ 600,000 21,428 0
Merrill Lynch Insurance Group................... $ 284,000 $ 284,000 10,142 0
Michigan Mutual Insurance Company............... $ 850,000 $ 850,000 30,357 0
Michigan Professional Insurance Exchange........ $ 100,000 $ 100,000 3,571 0
Mid America Life Insurance Company.............. $ 60,000 $ 60,000 2,142 0
Middle Cities Risk Management Trust............. $ 200,000 $ 200,000 7,142 0
Midwest Security Life........................... $ 260,000 $ 260,000 9,285 0
Morgan Stanley & Co............................. $ 10,000,000 $ 10,000,000 357,142 0
Morgan Stanley Dean Witter Convertible
Securities Trust............................. $ 2,000,000 $ 2,000,000 71,428 0
Mutual Protective Insurance Company............. $ 1,000,000 $ 1,000,000 35,714 0
Nabisco Holdings................................ $ 34,000 $ 34,000 1,214 0
Nashville Electric Service...................... $ 125,000 $ 125,000 4,464 0
National Mutual Insurance Company............... $ 30,000 $ 30,000 1,071 0
NCMIC........................................... $ 500,000 $ 500,000 17,857 0
New Era Life Insurance Company.................. $ 270,000 $ 270,000 9,642 0
New York Life Insurance and Annuity
Corporation.................................. $ 1,600,000 $ 1,600,000 57,142 0
New York Life Insurance Company................. $ 10,900,000 $ 10,900,000 389,285 0
New York Life Separate Account # 7.............. $ 555,000 $ 555,000 19,821 0
NORCAL Mutual Insurance Company................. $ 225,000 $ 225,000 8,035 0
Oak Casualty Insurance Company.................. $ 40,000 $ 40,000 1,428 0
Ohio Bureau of Workers Compensation............. $ 149,000 $ 149,000 5,321 0
Ondeo Nalco..................................... $ 200,000 $ 200,000 7,142 0
Pacific Eagle Insurance Company................. $ 150,000 $ 150,000 5,357 0
Penn Treaty Network America Insurance
Company...................................... $ 275,000 $ 275,000 9,821 0
Phico Insurance Company......................... $ 600,000 $ 600,000 21,428 0
Physicians Mutual Insurance Company............. $ 600,000 $ 600,000 21,428 0
Physicians' Reciprocal Insurers Account #7...... $ 1,000,000 $ 1,000,000 35,714 0
Pioneer Insurance Company....................... $ 90,000 $ 90,000 3,214 0
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Premera Blue Cross.............................. $ 1,600,000 $ 1,600,000 57,142 0
R.J.R. Reynolds................................. $ 102,000 $ 102,000 3,642 0
Republic Mutual Insurance Company............... $ 15,000 $ 15,000 535 0
Salomon Smith Barney............................ $ 1,600,000 $ 1,600,000 57,142 0
Scor Life Re Convertible Program................ $ 450,000 $ 450,000 16,071 0
Shell Pension Trust............................. $ 217,000 $ 217,000 7,750 0
Southern Farm Bureau Life Insurance............. $ 600,000 $ 600,000 21,428 0
Southern Farm Bureau Life Insurance
Company...................................... $ 750,000 $ 750,000 26,785 0
Standard Mutual Insurance Company............... $ 250,000 $ 250,000 8,928 0
Starvest Combined Portfolio..................... $ 655,000 $ 655,000 23,392 0
Starvest Managed Portfolio...................... $ 60,000 $ 60,000 2,142 0
State National Insurance Company................ $ 100,000 $ 100,000 3,571 0
State of Florida Division Treasury.............. $ 1,575,000 $ 1,575,000 56,250 0
State of Florida, Office of the Treasurer....... $ 3,000,000 $ 3,000,000 107,142 0
State of Oregon/Equity.......................... $ 5,625,000 $ 5,625,000 200,892 0
State Street Bank Custodian for GE
Pension Trust................................ $ 1,655,000 $ 1,655,000 59,107 0
Syngenta AG..................................... $ 300,000 $ 300,000 10,714 0
Texas Builders Insurance Company................ $ 130,000 $ 130,000 4,642 0
Texas Hospital Insurance Exchange............... $ 25,000 $ 25,000 892 0
The Cockrell Foundation......................... $ 75,000 $ 75,000 2,678 0
The Grable Foundation........................... $ 135,000 $ 135,000 4,821 0
The Northwestern Mutual Life Insurance
Company...................................... $ 3,750,000 $ 3,750,000 133,928 0
The Northwestern Mutual Life Insurance
Company Group Annuity Separate
Account...................................... $ 250,000 $ 250,000 8,928 0
Transguard Insurance Company of
America, Inc................................. $ 900,000 $ 900,000 32,142 0
Triton GlobalConvertible Yield Fund............. $ 1,000,000 $ 1,000,000 35,714 0
Tuscarora Wayne Mutual Insurance
Company...................................... $ 90,000 $ 90,000 3,214 0
UBS AG London Branch............................ $ 13,000,000 $ 13,000,000 464,285 0
UBS O'Connor LLC F/B/O O'Connor
Global Convertible Portfolio................. $ 500,000 $ 500,000 17,857 0
UBS O'Connor LLC F/B/O/ UBS Global
Equity Artibrage Master LTD.................. $ 3,000,000 $ 3,000,000 107,142 0
United National Insurance Company............... $ 700,000 $ 700,000 25,000 0
Vesta-Inex Insurance Exchange IASA.............. $ 500,000 $ 500,000 17,857 0
Victory Capital Management as Investment
Manager for Health Foundation of
Greater Cincinnati........................... $ 75,000 $ 75,000 2,678 0
Victory Capital Management as Agent
for the Charitable Convertible
Securities Fund.............................. $ 645,000 $ 645,000 23,035 0
Victory Capital Management as Agent
for the Charitable Income Fund............... $ 105,000 $ 105,000 3,750 0
Victory Capital Management as Agent
for the EB Convertible Securities Fund....... $ 670,000 $ 670,000 23,928 0
Victory Capital Management as Agent
for the Field Foundation of Illinois......... $ 35,000 $ 35,000 1,250 0
Victory Capital Management as Agent
for the GenCorp Foundation................... $ 35,000 $ 35,000 1,250 0
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Victory Capital Management as Agent
for the Key Trust Convertible
Securities Fund.............................. $ 110,000 $ 110,000 3,928 0
Victory Capital Management as Agent
for the Key Trust Fixed Income Fund.......... $ 160,000 $ 160,000 5,714 0
Victory Capital Management as Agent
for the Parker/Key Convertible............... $ 170,000 $ 170,000 6,071 0
Victory Capital Management as Agent
for the Union Security Life Insurance Co..... $ 40,000 $ 40,000 1,428 0
Victory Capital Management as Agent
for the Victory Convertible Securities Fdn... $ 575,000 $ 575,000 20,535 0
Victory Capital Management as Agent
for the Victory Invest Quality Bond Fund..... $ 85,000 $ 85,000 3,035 0
Victory Capital Management as Investment
Manager for Potlatch......................... $ 325,000 $ 325,000 11,607 0
Victory Capital Management as Investment
Manager for the California State Auto
Assoc Inter-Insurance........................ $ 465,000 $ 465,000 16,607 0
Victory Capital Management as Investment
Manager for the California State Auto
Assoc Retirement Pension Plan................ $ 75,000 $ 75,000 2,678 0
Victory Capital Management as Investment
Manager for the JC Penney Life
Insurance Co................................. $ 700,000 $ 700,000 25,000 0
West Virginia Fire Insurance Company............ $ 10,000 $ 10,000 357 0
Western Home Insurance Company.................. $ 190,000 $ 190,000 6,785 0
Westward Life Insurance Company................. $ 160,000 $ 160,000 5,714 0
White River Securities L.L.C.................... $ 3,000,000 $ 3,000,000 107,142 0
Wisconsin Lawyers Mutual Insurance
Company...................................... $ 200,000 $ 200,000 7,142 0
Wisconsin Mutual Insurance Company.............. $ 150,000 $ 150,000 5,357 0
World Insurance Company......................... $ 500,000 $ 500,000 17,857 0
Zazove Convertible Securities Fund Inc.......... $ 1,000,000 $ 1,000,000 35,714 0
Zazove Hedged Convertible Fund L.P.............. $ 1,500,000 $ 1,500,000 53,571 0
Zeneca Holdings Trust........................... $ 430,000 $ 430,000 15,357 0
Zurich Institutional Benchmarks Master
Fund LTD..................................... $ 1,000,000 $ 1,000,000 35,714 0
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* This prospectus may also be used by the donees and pledgees of each named
selling securityholder after the date of this prospectus.
** Lehman Brothers Inc. was an initial purchaser, and acted as lead
underwriter in connection with the original sale, of the senior convertible
debentures.
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