Page 1 of 14 Pages SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------------------------------------------------------------- SCHEDULE 13G Information Statement pursuant to Rule 13d-1 and 13d-2 (AMENDMENT NO. )* PITTSTON CO --------------------------------------------- (NAME OF ISSUER) SERVICES GROUP COMMON STOCK --------------------------------------------- (TITLE OF CLASS OF SECURITIES) 725701106 --------------------------------------------- (CUSIP NUMBER) ---------------------------------------------------------------------- Check the following box if a fee is being paid with this statement :X: (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) * 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))
|--------------------| |--------------------| |CUSIP NO. 725701106 | 13G | Page 2 of 14 Pages | |--------------------| |--------------------| |--------------------------------------------------------------------| | 1|NAME OF REPORTING PERSON | | |AXA Assurances I.A.R.D. Mutuelle | | | | | |S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | | | | |--|-----------------------------------------------------------------| | 2|CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (A) [ ] | | | (B) [X] | |--|-----------------------------------------------------------------| | 3|SEC USE ONLY | | | | | | | |--|-----------------------------------------------------------------| | 4|CITIZENSHIP OR PLACE OF ORGANIZATION | | | | | |France | |--------------------------------------------------------------------| | NUMBER OF |5|SOLE VOTING POWER | | SHARES | | 2,434,950 | | BENEFICIALLY |-|----------------------------------------------| | OWNED |6|SHARED VOTING POWER | | AS OF | | 48,369 | | December 31, 1995 |-|----------------------------------------------| | BY EACH |7|SOLE DISPOSITIVE POWER | | REPORTING | | 2,510,519 | | PERSON |-|----------------------------------------------| | WITH |8|SHARED DISPOSITIVE POWER | | | | 0 | |--------------------------------------------------------------------| | 9|AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | 2,510,519 | | |(Not to be construed as an admission of beneficial ownership) | |--|-----------------------------------------------------------------| |10|CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | | |SHARES * |------| | | | |------| | |--|-----------------------------------------------------------------| |11|PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | | | | | | 6.0% | |--|-----------------------------------------------------------------| |12|TYPE OF REPORTING PERSON * | | | | | | IC | |--------------------------------------------------------------------| * SEE INSTRUCTIONS BEFORE FILLING OUT!
|--------------------| |--------------------| |CUSIP NO. 725701106 | 13G | Page 3 of 14 Pages | |--------------------| |--------------------| |--------------------------------------------------------------------| | 1|NAME OF REPORTING PERSON | | |AXA Assurances Vie Mutuelle | | | | | |S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | | | | |--|-----------------------------------------------------------------| | 2|CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (A) [ ] | | | (B) [X] | |--|-----------------------------------------------------------------| | 3|SEC USE ONLY | | | | | | | |--|-----------------------------------------------------------------| | 4|CITIZENSHIP OR PLACE OF ORGANIZATION | | | | | |France | |--------------------------------------------------------------------| | NUMBER OF |5|SOLE VOTING POWER | | SHARES | | 2,434,950 | | BENEFICIALLY |-|----------------------------------------------| | OWNED |6|SHARED VOTING POWER | | AS OF | | 48,369 | | December 31, 1995 |-|----------------------------------------------| | BY EACH |7|SOLE DISPOSITIVE POWER | | REPORTING | | 2,510,519 | | PERSON |-|----------------------------------------------| | WITH |8|SHARED DISPOSITIVE POWER | | | | 0 | |--------------------------------------------------------------------| | 9|AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | 2,510,519 | | |(Not to be construed as an admission of beneficial ownership) | |--|-----------------------------------------------------------------| |10|CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | | |SHARES * |------| | | | |------| | |--|-----------------------------------------------------------------| |11|PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | | | | | | 6.0% | |--|-----------------------------------------------------------------| |12|TYPE OF REPORTING PERSON * | | | | | | IC | |--------------------------------------------------------------------| * SEE INSTRUCTIONS BEFORE FILLING OUT!
|--------------------| |--------------------| |CUSIP NO. 725701106 | 13G | Page 4 of 14 Pages | |--------------------| |--------------------| |--------------------------------------------------------------------| | 1|NAME OF REPORTING PERSON | | |Alpha Assurances I.A.R.D. Mutuelle | | | | | |S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | | | | |--|-----------------------------------------------------------------| | 2|CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (A) [ ] | | | (B) [X] | |--|-----------------------------------------------------------------| | 3|SEC USE ONLY | | | | | | | |--|-----------------------------------------------------------------| | 4|CITIZENSHIP OR PLACE OF ORGANIZATION | | | | | |France | |--------------------------------------------------------------------| | NUMBER OF |5|SOLE VOTING POWER | | SHARES | | 2,434,950 | | BENEFICIALLY |-|----------------------------------------------| | OWNED |6|SHARED VOTING POWER | | AS OF | | 48,369 | | December 31, 1995 |-|----------------------------------------------| | BY EACH |7|SOLE DISPOSITIVE POWER | | REPORTING | | 2,510,519 | | PERSON |-|----------------------------------------------| | WITH |8|SHARED DISPOSITIVE POWER | | | | 0 | |--------------------------------------------------------------------| | 9|AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | 2,510,519 | | |(Not to be construed as an admission of beneficial ownership) | |--|-----------------------------------------------------------------| |10|CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | | |SHARES * |------| | | | |------| | |--|-----------------------------------------------------------------| |11|PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | | | | | | 6.0% | |--|-----------------------------------------------------------------| |12|TYPE OF REPORTING PERSON * | | | | | | IC | |--------------------------------------------------------------------| * SEE INSTRUCTIONS BEFORE FILLING OUT!
|--------------------| |--------------------| |CUSIP NO. 725701106 | 13G | Page 5 of 14 Pages | |--------------------| |--------------------| |--------------------------------------------------------------------| | 1|NAME OF REPORTING PERSON | | |Alpha Assurances Vie Mutuelle | | | | | |S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | | | | |--|-----------------------------------------------------------------| | 2|CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (A) [ ] | | | (B) [X] | |--|-----------------------------------------------------------------| | 3|SEC USE ONLY | | | | | | | |--|-----------------------------------------------------------------| | 4|CITIZENSHIP OR PLACE OF ORGANIZATION | | | | | |France | |--------------------------------------------------------------------| | NUMBER OF |5|SOLE VOTING POWER | | SHARES | | 2,434,950 | | BENEFICIALLY |-|----------------------------------------------| | OWNED |6|SHARED VOTING POWER | | AS OF | | 48,369 | | December 31, 1995 |-|----------------------------------------------| | BY EACH |7|SOLE DISPOSITIVE POWER | | REPORTING | | 2,510,519 | | PERSON |-|----------------------------------------------| | WITH |8|SHARED DISPOSITIVE POWER | | | | 0 | |--------------------------------------------------------------------| | 9|AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | 2,510,519 | | |(Not to be construed as an admission of beneficial ownership) | |--|-----------------------------------------------------------------| |10|CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | | |SHARES * |------| | | | |------| | |--|-----------------------------------------------------------------| |11|PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | | | | | | 6.0% | |--|-----------------------------------------------------------------| |12|TYPE OF REPORTING PERSON * | | | | | | IC | |--------------------------------------------------------------------| * SEE INSTRUCTIONS BEFORE FILLING OUT!
|--------------------| |--------------------| |CUSIP NO. 725701106 | 13G | Page 6 of 14 Pages | |--------------------| |--------------------| |--------------------------------------------------------------------| | 1|NAME OF REPORTING PERSON | | |Uni Europe Assurance Mutuelle | | | | | |S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | | | | |--|-----------------------------------------------------------------| | 2|CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (A) [ ] | | | (B) [X] | |--|-----------------------------------------------------------------| | 3|SEC USE ONLY | | | | | | | |--|-----------------------------------------------------------------| | 4|CITIZENSHIP OR PLACE OF ORGANIZATION | | | | | |France | |--------------------------------------------------------------------| | NUMBER OF |5|SOLE VOTING POWER | | SHARES | | 2,434,950 | | BENEFICIALLY |-|----------------------------------------------| | OWNED |6|SHARED VOTING POWER | | AS OF | | 48,369 | | December 31, 1995 |-|----------------------------------------------| | BY EACH |7|SOLE DISPOSITIVE POWER | | REPORTING | | 2,510,519 | | PERSON |-|----------------------------------------------| | WITH |8|SHARED DISPOSITIVE POWER | | | | 0 | |--------------------------------------------------------------------| | 9|AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | 2,510,519 | | |(Not to be construed as an admission of beneficial ownership) | |--|-----------------------------------------------------------------| |10|CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | | |SHARES * |------| | | | |------| | |--|-----------------------------------------------------------------| |11|PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | | | | | | 6.0% | |--|-----------------------------------------------------------------| |12|TYPE OF REPORTING PERSON * | | | | | | IC | |--------------------------------------------------------------------| * SEE INSTRUCTIONS BEFORE FILLING OUT!
|--------------------| |--------------------| |CUSIP NO. 725701106 | 13G | Page 7 of 14 Pages | |--------------------| |--------------------| |--------------------------------------------------------------------| | 1|NAME OF REPORTING PERSON | | |AXA | | | | | |S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | | | | |--|-----------------------------------------------------------------| | 2|CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (A) [ ] | | | (B) [ ] | |--|-----------------------------------------------------------------| | 3|SEC USE ONLY | | | | | | | |--|-----------------------------------------------------------------| | 4|CITIZENSHIP OR PLACE OF ORGANIZATION | | | | | |France | |--------------------------------------------------------------------| | NUMBER OF |5|SOLE VOTING POWER | | SHARES | | 2,434,950 | | BENEFICIALLY |-|----------------------------------------------| | OWNED |6|SHARED VOTING POWER | | AS OF | | 48,369 | | December 31, 1995 |-|----------------------------------------------| | BY EACH |7|SOLE DISPOSITIVE POWER | | REPORTING | | 2,510,519 | | PERSON |-|----------------------------------------------| | WITH |8|SHARED DISPOSITIVE POWER | | | | 0 | |--------------------------------------------------------------------| | 9|AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | 2,510,519 | | |(Not to be construed as an admission of beneficial ownership) | |--|-----------------------------------------------------------------| |10|CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | | |SHARES * |------| | | | |------| | |--|-----------------------------------------------------------------| |11|PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | | | | | | 6.0% | |--|-----------------------------------------------------------------| |12|TYPE OF REPORTING PERSON * | | | | | | HC | |--------------------------------------------------------------------| * SEE INSTRUCTIONS BEFORE FILLING OUT!
|--------------------| |--------------------| |CUSIP NO. 725701106 | 13G | Page 8 of 14 Pages | |--------------------| |--------------------| |--------------------------------------------------------------------| | 1|NAME OF REPORTING PERSON | | |THE EQUITABLE COMPANIES INCORPORATED | | | | | |S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | | |13-3623351 | |--|-----------------------------------------------------------------| | 2|CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (A) [ ] | | | (B) [ ] | |--|-----------------------------------------------------------------| | 3|SEC USE ONLY | | | | | | | |--|-----------------------------------------------------------------| | 4|CITIZENSHIP OR PLACE OF ORGANIZATION | | | | | |State of Delaware | |--------------------------------------------------------------------| | NUMBER OF |5|SOLE VOTING POWER | | SHARES | | 2,434,950 | | BENEFICIALLY |-|----------------------------------------------| | OWNED |6|SHARED VOTING POWER | | AS OF | | 48,369 | | December 31, 1995 |-|----------------------------------------------| | BY EACH |7|SOLE DISPOSITIVE POWER | | REPORTING | | 2,510,519 | | PERSON |-|----------------------------------------------| | WITH |8|SHARED DISPOSITIVE POWER | | | | 0 | |--------------------------------------------------------------------| | 9|AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | 2,510,519 | | | | |--|-----------------------------------------------------------------| |10|CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | | |SHARES * |------| | | | |------| | |--|-----------------------------------------------------------------| |11|PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | | | | | | 6.0% | |--|-----------------------------------------------------------------| |12|TYPE OF REPORTING PERSON * | | | | | | HC | |--------------------------------------------------------------------| * SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1(a) Name of Issuer: Page 9 of 14 Pages -------------- PITTSTON CO Item 1(b) Address of Issuer's Principal Executive Offices: ----------------------------------------------- 100 First Stamford Place Stamford, CT 06912-0070 Item 2(a) Name of Person Filing: --------------------- Alpha Assurances I.A.R.D. Mutuelle, Alpha Assurances Vie Mutuelle, AXA Assurances I.A.R.D Mutuelle, AXA Assurances Vie Mutuelle, and Uni Europe Assurance Mutuelle, as a group (collectively, the 'Mutuelles AXA') AXA The Equitable Companies Incorporated (the 'Equitable Companies') Item 2(b) Address of Principal Business Office: ------------------------------------ Alpha Assurances I.A.R.D. Mutuelle and Alpha Assurances Vie Mutuelle 101-100 Terrasse Boieldieu 92042 Paris La Defense France AXA Assurances I.A.R.D Mutuelle and AXA Assurances Vie Mutuelle La Grande Arche Pardi Nord 92044 Paris La Defense France Uni Europe Assurance Mutuelle 24 Rue Drouot 75009 Paris France AXA 23, Avenue Matignon 75008 Paris France The Equitable Companies Incorporated 787 Seventh Avenue New York, New York 10019
Page 10 of 14 Pages Item 2(c) Citizenship: ----------- Mutuelles AXA and AXA - France Equitable Companies - Delaware Item 2(d) Title of Class of Securities: ---------------------------- Services Group Common Stock Item 2(e) CUSIP Number: ------------ 725701106 Item 3. Type of Reporting Person: ------------------------ Equitable Companies as a parent holding company, in accordance with 240.13d-1 (b)(ii)(G). The Mutuelles AXA, as a group, acting as a parent holding company. AXA as a parent holding company.
Page 11 of 14 Pages Item 4. Ownership as of December 31, 1995: --------------------------------- (a) Amount Beneficially Owned: ------------------------- 2,510,519 shares of common stock beneficially owned including: No. of Shares --------------------- The Mutuelles AXA, as a group 0 AXA 0 AXA Entity or Entities: NONE ---------------------- acquired solely for investment purposes: 0 (Each of the Mutuelles AXA, as a group, and AXA expressly declares that the filing of this Schedule 13G shall not be construed as an admission that it is, for purposes of Section 13(d) of the Exchange Act, the beneficial owner of any securities covered by this Schedule 13G). The Equitable Companies Incorporated 0 Subsidiaries: ------------ The Equitable Life Assurance Society of the United States acquired solely for investment purposes: Common Stock 161,800 161,800 ----------- Alliance Capital Management L. P., acquired solely for investment purposes on behalf of client discretionary investment advisory accounts: Common Stock 2,345,450 2,345,450 ----------- Donaldson, Lufkin & Jenrette Securities Corporation held for investment purposes: 0 Wood, Struthers & Winthrop Management Corp. acquired solely for investment purposes on behalf of client discretionary investment advisory accounts: Common Stock 3,269 3,269 ----------- ----------- Total 2,510,519 =========== (Each of the above subsidiaries of The Equitable operates under independent management and makes independent decisions). (B) Percent of Class: 6.0% ---------------- ===========
ITEM 4. Ownership as of December 31, 1995 (CONT.) Page 12 of 14 Pages (c) Deemed Voting Power and Disposition Power: ----------------------------------------- (i) (ii) (iii) (iv) Deemed Deemed Deemed Deemed to have to have to have to have Sole Power Shared Power Sole Power Shared Power to Vote to Vote to Dispose to Dispose or to or to or to or to Direct Direct Direct the Direct the the Vote the Vote Disposition Disposition ---------- ------------ ----------- ------------ The Mutuelles AXA, as a group 0 0 0 0 AXA 0 0 0 0 AXA Entity or Entities: ---------------------- NONE 0 0 0 0 The Equitable Companies Incorporated 0 0 0 0 Subsidiaries: ------------ The Equitable Life Assurance Society of the United States 118,800 43,000 161,800 0 Alliance Capital Management L. P. 2,316,150 2,100 2,345,450 0 Donaldson, Lufkin & Jenrette Securities Corporation 0 0 0 0 Wood, Struthers & Winthrop Management Corporation 0 3,269 3,269 0 ---------- ------------ ----------- ------------ TOTAL 2,434,950 48,369 2,510,519 0 ========== ============ =========== ============ (Each of the above subsidiaries of the Equitable Companies operates under independent management and makes independent voting and investment decisions).
Page 13 of 14 Pages 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. ( ) Item 6. Ownership of More than Five Percent on behalf of Another Person. N/A ---------------------------------------------------------------- Item 7. Identification and Classification of the Subsidiary which Acquired ------------------------------------------------------------------ the Security Being Reporting on by the Parent Holding Company: ------------------------------------------------------------- This Schedule 13G is being filed by Equitable Companies; AXA, which beneficially owns a majority interest in Equitable Companies; and the Mutuelles AXA, as a group which beneficially own a majority interest in AXA: ( ) in the Mutuelles AXAs' capacity, as a group, acting as a parent holding company with respect to the holdings of the following AXA entity or entities; ( ) in AXA's capacity as a parent holding company with respect to the holdings of the following AXA entity or entities: NONE (X) in EQUITABLE COMPANIES capacity as a parent holding company with respect to the holdings of its following subsidiaries: (X) THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES (13-5570651), an insurance company, a broker-dealer registered under Section 15 of the Securities and Exchange Act of 1934 and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. (X) ALLIANCE CAPITAL MANAGEMENT L. P. (13-3434400), an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. ( ) DONALDSON, LUFKIN & JENRETTE SECURITIES CORPORATION (13-2741729), a broker-dealer registered under Section 15 of the Securities Exchange Act of 1934 and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. (X) WOOD, STRUTHERS & WINTHROP MANAGEMENT CORP. (13-2774791), an investment adviser registered under Section 203 of the Investment Advisers Act of 1940.
Page 14 of 14 Pages Item 8. Identification and Classification of Members of the Group. N/A --------------------------------------------------------- Item 9. Notice of Dissolution of Group: N/A ------------------------------ Item 10. Certification: ------------- 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 transaction having such purposes or effect. Signature --------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 9, 1996 THE EQUITABLE COMPANIES INCORPORATED* /s/ Joanne T. Marren -------------------------------------------- Joanne T. Marren Senior Vice President *Pursuant to the Joint Filing Agreement with respect to Schedule 13G attached hereto as Exhibit I, among The Equitable Companies Incorporated, Alpha Assurances I.A.R.D. Mutuelle, Alpha Assurances Vie Mutuelle, AXA Assurances I.A.R.D Mutuelle, AXA Assurances Vie Mutuelle, and Uni Europe Assurance Mutuelle, and AXA, this statement Schedule 13G is filed on behalf of each of them.
EXHIBIT I
JOINT FILING AGREEMENT
----------------------
Each of the undersigned hereby agrees that the
Schedule 13G filed herewith is filed jointly, pursuant to
Rule 13d-1(f)(1) of the Securities Exchange Act of 1934,
as amended on behalf of each of them.
Dated: February 9, 1996
The Equitable Companies Incorporated
BY: /s/ Joanne T. Marren
-------------------------
Joanne T. Marren
Senior Vice President
AXA Assurances I.A.R.D. Mutuelle; AXA Assurances Vie
Mutuelle; Alpha Assurances Vie Mutuelle; Alpha Assurances
I.A.R.D. Mutuelle, Uni Assurance Europe Mutuelle, as a
group, and AXA
Signed on behalf of each of the above entities
BY: /s/ Joanne T. Marren
-----------------------------------------
Joanne T. Marren
Attorney-in-Fact
(Executed pursuant to Powers of Attorney)