SC 13G/A 1 l85590asc13ga.txt PROGRESSIVE CORP/BLACKROCK 2001 TERM TRUST SC13G/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No. 4 ) --- The BlackRock 2001 Term Trust Inc. ------------------------------------------------------------------------------ (Name of Issuer) Common Stock, par value $.01 per share -------------------------------------------------------------------------- (Title of Class of Securities) 092477108 ----------------------------------------- (CUSIP Number) June 29, 2001 ----------------------- (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). (Continued on following page(s)) Page 1 of 26 Pages 2

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*SEE INSTRUCTIONS BEFORE FILLING OUT! 20 Page 20 of 26 Pages -- -- SCHEDULE 13G This Amendment No. 4 to Schedule 13G is filed to report that, as of June 29, 2001, The Progressive Corporation and certain of its subsidiaries no longer own, beneficially or of record, any shares of the Common Stock of The BlackRock 2001 Term Trust Inc. Item 1(a) Name of Issuer: --------- -------------- The name of the issuer is The BlackRock 2001 Term Trust Inc. (the "Issuer"). Item 1(b) Address of Issuer's Principal Executive Offices: --------- ----------------------------------------------- The address of the Issuer's principal executive offices is 1285 Avenue of the Americas, New York, New York 10019. Item 2(a) Name of Person Filing: --------- --------------------- This statement is filed jointly by the following parties (collectively, the "Reporting Persons"): (a) Halcyon Insurance Company, an Ohio corporation,(b) Progressive Home Insurance Company (formerly known as Midland Risk Insurance Company), a Tennessee corporation,(c) PC Investment Company, a Delaware corporation, (d) Progressive American Insurance Company, a Florida corporation, (e) Progressive Bayside Insurance Company, a Florida corporation, (f) Progressive Casualty Insurance Company, an Ohio corporation,(g) Progressive Classic Insurance Company, a Wisconsin corporation, (h) Progressive Investment Company, Inc., a Delaware corporation, (i) Progressive Mountain Insurance Company, a Colorado corporation (j) Progressive Northern Insurance Company, a Wisconsin corporation, (k) Progressive Northwestern Insurance Company, a Washington corporation, (l) Progressive Preferred Insurance Company, an Ohio corporation, (m) Progressive Premier Insurance Company of Illinois, an Illinois corporation, (n) Progressive Southeastern Insurance Company, a Florida corporation, (o) Progressive Specialty Insurance Company, an Ohio corporation, (p) Specialty Risk Insurance Company, a Tennessee corporation, and (q) United Financial Casualty Company, a Missouri corporation (collectively, the "Subsidiaries"), and The Progressive Corporation, an Ohio corporation, by virtue of its direct or indirect ownership of all of the outstanding capital stock of the Subsidiaries. All of the outstanding shares of PC Investment Company and Progressive Specialty Insurance Company are owned by Progressive Casualty Insurance Company; all of the outstanding shares of Specialty Risk Insurance Company are owned by Progressive Home Insurance Company and all of the outstanding shares of Progressive Premier Insurance Company of Illinois are owned by Progressive Northern Insurance Company. Except as noted in the preceding sentence, all of the outstanding shares of each of the Subsidiaries is owned directly by The Progressive Corporation. Item 2(b) Address of Principal Business Office or, if none, Residence: --------- ----------------------------------------------------------- The address of the principal business office of each of the Reporting Persons is as follows: Reporting Person Business Address ---------------- ---------------- The Progressive Corporation 6300 Wilson Mills Road Mayfield Village, OH 44143 Halcyon Insurance Company 6300 Wilson Mills Road Mayfield Village, OH 44143 21 Page 21 of 26 Pages -- -- Reporting Person Business Address ---------------- ---------------- Progressive Home Insurance 965 Ridgelake Blvd., Company Suite 201 Memphis, TN 38120 PC Investment Company 801 West Street Wilmington, DE 19801 Progressive American Insurance 4030 Crescent Park Dr., Company Bldg. B Riverview, FL 33569 Progressive Bayside Insurance 4030 Crescent Park Dr., Company Bldg. B Riverview, FL 33569 Progressive Casualty Insurance 6300 Wilson Mills Road Company Mayfield Village, OH 44143 Progressive Classic Insurance 44 East Mifflin Street Company Madison, WI 53703 Progressive Investment Company, 801 West Street Inc. Wilmington, DE 19801 Progressive Mountain Insurance 2075 Research Parkway, Company Suite A Colorado Springs, CO 80920 Progressive Northern Insurance 44 East Mifflin Street Company Madison, WI 53703 Progressive Northwestern 200 112th Ave., NE, Insurance Company Suite 200 Bellevue, Washington 98004 Progressive Preferred Insurance 6300 Wilson Mills Road Company Mayfield Village, OH 44143 Progressive Premier Insurance 333 East Butterfield Road, Company of Illinois Suite 220, Lombard, IL 60148 Progressive Southeastern 4030 Crescent Park Dr., Insurance Company Bldg. B Riverview, FL 33569 Progressive Specialty Insurance 6300 Wilson Mills Road Company Mayfield Village, OH 44143 Specialty Risk Insurance Company 965 Ridgelake Blvd., Suite 201 Memphis, TN 38120 United Financial Casualty 11457 Olde Cabin Rd, Company Suite 235 St. Louis, MO 63141 Item 2(c) Citizenship: --------- ----------- Reporting Person State of Incorporation ---------------- ---------------------- The Progressive Corporation Ohio Halcyon Insurance Company Ohio Progressive Home Insurance Company Tennessee PC Investment Company Delaware Progressive American Insurance Company Florida Progressive Bayside Insurance Company Florida Progressive Casualty Insurance Company Ohio 22 Page 22 of 26 Pages -- -- Reporting Person State of Incorporation ---------------- ----------------------- Progressive Classic Insurance Company Wisconsin Progressive Investment Company, Inc. Delaware Progressive Mountain Insurance Company Colorado Progressive Northern Insurance Company Wisconsin Progressive Northwestern Insurance Company Washington Progressive Preferred Insurance Company Ohio Progressive Premier Insurance Company of Illinois Illinois Progressive Southeastern Insurance Company Florida Progressive Specialty Insurance Company Ohio Specialty Risk Insurance Company Tennessee United Financial Casualty Company Missouri Item 2(d) Title of Class of Securities: --------- ---------------------------- The class of securities which is the subject of this Schedule 13G is the Common Shares, $.01 par value per share, of the Issuer. Item 2(e) CUSIP Number: --------- ------------ The CUSIP number for such class of securities is 092477108 Item 3. Not Applicable. ------ Item 4. Ownership (as of December 31, 1999) ------ --------- (a) Amount Beneficially Owned: No. of Shares -------------------------- ------------- The Progressive Corporation 0 Subsidiaries ------------ Halcyon Insurance Company 0 Progressive Home Insurance Company 0 PC Investment Company 0 Progressive American Insurance Company 0 Progressive Bayside Insurance Company 0 Progressive Casualty Insurance Company 0 Progressive Classic Insurance Company 0 Progressive Investment Company, Inc. 0 Progressive Mountain Insurance Company 0 Progressive Northern Insurance Company 0 Progressive Northwestern Insurance Company 0 Progressive Preferred Insurance Company 0 Progressive Premier Insurance Company of Ill. 0 Progressive Southeastern Insurance Company 0 Progressive Specialty Insurance Company 0 Amount Beneficially Owned: No. of Shares ------------------------- ------------- Specialty Risk Insurance Company 0 United Financial Casualty Company 0 ------------- TOTAL: 0 (b) Percent of Class 0% ---------------- 23 Page 23 of 26 Pages -- -- (c) Number of shares as to which the person has -------------------------------------------

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 five percent of the class of securities, check the following: |X| Item 6 Ownership of More than Five Percent on Behalf of Another ------ -------------------------------------------------------- Person: ------- Not Applicable. 24 Page 24 of 26 Pages -- -- Item 7 Identification and Classification of the Subsidiary Which ------ --------------------------------------------------------- Acquired the Security Being Reported on By the Parent Holding ------------------------------------------------------------- Company: -------- Not Applicable. Item 8 Identification and Classification of Members of the Group: ------ --------------------------------------------------------- Not Applicable. Item 9 Notice of Dissolution of Group: ------ ------------------------------ Not Applicable. Item 10 Certifications: ------- --------------- By signing below, we certify that, to the best of our 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. 25 Page 25 of 26 Pages -- -- SIGNATURE --------- After reasonable inquiry and to the best of our knowledge and belief, the undersigned hereby certify that the information set forth in this statement is true, complete and correct. Date: July 9, 2001 The Progressive Corporation Halcyon Insurance Company PC Investment Company Progressive American Insurance Company Progressive Bayside Insurance Company Progressive Casualty Insurance Company Progressive Classic Insurance Company Progressive Home Insurance Company Progressive Investment Company, Inc. Progressive Mountain Insurance Company Progressive Northern Insurance Company Progressive Northwestern Insurance Company Progressive Preferred Insurance Company Progressive Premier Insurance Company of Illinois Progressive Southeastern Insurance Company Progressive Specialty Insurance Company Specialty Risk Insurance Company United Financial Casualty Company By: /s/ Thomas A. King ------------------ Thomas A. King Vice President 26 Page 26 of 26 Pages -- -- EXHIBIT A This Exhibit A to Amendment No. 4 to Schedule 13G is filed pursuant to the requirements of Rules 13d- 1(c) and 13d-1(k)(1). The undersigned hereby agree that the Amendment No. 4 to the Schedule 13G to which this Exhibit is attached is filed on behalf of each of the undersigned. Dated: July 9, 2001 The Progressive Corporation Halcyon Insurance Company PC Investment Company Progressive American Insurance Company Progressive Bayside Insurance Company Progressive Casualty Insurance Company Progressive Classic Insurance Company Progressive Home Insurance Company Progressive Investment Company, Inc. Progressive Mountain Insurance Company Progressive Northern Insurance Company Progressive Northwestern Insurance Company Progressive Preferred Insurance Company Progressive Premier Insurance Company of Illinois Progressive Southeastern Insurance Company Progressive Specialty Insurance Company Specialty Risk Insurance Company United Financial Casualty Company By: /s/ Thomas A. King ------------------- Thomas A. King Vice President

BLACKROCK 2001 TERM TRUST INC SC 13G/A