4 1 form4.txt U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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(f) of the Investment Company Act of 1940 [x] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). _______________________________________________________________________________ 1. Name and Address of Reporting Person** Waveland International, Ltd. ------------------------------------------------------------------------------- (Last) (First) (Middle) 227 West Monroe, Suite 4800 ------------------------------------------------------------------------------- (Street) Chicago, Illinois 60606 ------------------------------------------------------------------------------- (City) (State) (Zip) _______________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Highlands Insurance Group, Inc. (NYSE: HIGP) _______________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) _______________________________________________________________________________ 4. Statement for Month/Year May 2002 (through 5/29/02) _______________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) _______________________________________________________________________________ 6. Relationship of Reporting Person to Issuer (Check all applicable) [_] Director [_] 10% Owner [_] Officer (give title below) [X] Other (specify below) Former 10% Owner ---------------- _______________________________________________________________________________ 7. Individual or Joint/Group Filing (Check applicable line) [_] Form filed by one Reporting Person [x] Form filed by more than one Reporting Person _______________________________________________________________________________ =============================================================================== Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ===============================================================================

6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of 2. Code ------------------------------- Owned at End (D) or Indirect 1. Transaction (Instr. 8) (A) of Month Indirect Beneficial Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4) ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 5/24/02 S V 5,000 D $0.0200 ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 125/0329/0102 US 1V 145,~~441,~~000 D $0.360099 0 1/,222,000* ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- =================================================================================================================================== --------------------------- 1/ The Reporting Persons sold all of the shares of Common Stock owned in CIDCO Incorporated to EarthLink Acquisition Sub, Inc., a Delaware corporation and wholly-owned subsidiary of EarthLink, Inc., a Delaware corporation, pursuant to a Tender Offer Statement filed with the Securities and Exchange Commission on October 31, 2001.

* Amount of securities owned through 5/29/02. ** If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print or Type Response) Page 1 of 3 FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================

10. 9. Owner- Number ship of Form 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature or Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================

Explanation of Responses: WAVELAND INTERNATIONAL, LTD. /s/ David S. Richter June 7, 2002 -------------------------------------------- ----------------------- David S. Richter, Director Date ** Signature of Reporting Person (Authorized Signer) Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Page 2 of 3 ATTACHMENT Pursuant to Rules 16a-1(a)(3) and 16a-3(j) of the Securities Exchange Act of 1934 and General Instruction 4(b)(v) of Form 4, the undersigned hereby execute this attachment as joint filers with respect to the foregoing Statement of Changes in Beneficial Ownership (Statement for May 2002) regarding certain Common Stock of Highlands Insurance Group, Inc. (NYSE: HIGP): WAVELAND PARTNERS, L.P. 227 West Monroe, Suite 4800 Chicago, Illinois 60606 By: Waveland Capital Management, L.P. Its: General Partner By: Clincher Capital Corporation Its: General Partner By: /s/ David S. Richter ---------------------------- David S. Richter, President WAVELAND CAPITAL MANAGEMENT, L.P. 227 West Monroe, Suite 4800 Chicago, Illinois 60606 By: Clincher Capital Corporation Its: General Partner By: /s/ David S. Richter ---------------------------- David S. Richter, President CLINCHER CAPITAL CORPORATION 227 West Monroe, Suite 4800 Chicago, Illinois 60606 By: /s/ David S. Richter ----------------------------- David S. Richter, President WAVELAND CAPITAL MANAGEMENT, LLC 227 West Monroe, Suite 4800 Chicago, Illinois 60606 By: /s/ David S. Richter -------------------------- David S. Richter, Manager WAVELAND PARTNERS, LTD. 227 West Monroe, Suite 4800 Chicago, Illinois 60606 By: /s/ David S. Richter --------------------------- David S. Richter, Director Page 3 of 3

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