UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 25)*

 

 

Kemper Corporation

(Name of issuer)

Common Stock, $ 0.10 par value

(Title of class of securities)

48840110-0

(CUSIP number)

December 31, 2014

(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).

 

 

 

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CUSIP No. 91327510-3

 

(1)		Name of reporting persons I.R.S. Identification Nos. of above persons (entities only)   Fayez Sarofim & Co. 74-1312679
(2)		Check the appropriate box if a member of a group (see instructions)   (a)  ¨        (b)  x
(3)		SEC use only
(4)		Citizenship or place of organization   Texas
Number of shares beneficially owned by each reporting person with				(5)		Sole voting power   0
				(6)		Shared voting power   937,761
				(7)		Sole dispositive power   0
				(8)		Shared dispositive power   1,005,274
(9)		Aggregate amount beneficially owned by each reporting person   1,005,274
(10)		Check box if the aggregate amount in Row (9) excludes certain shares (see instructions)   ¨
(11)		Percent of class represented by amount in Row (9)   1.9%
(12)		Type of reporting person (see instructions)   IA, CO

 

 

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CUSIP No. 91327510-3

 

(1)		Name of reporting persons I.R.S. Identification Nos. of above persons (entities only)   Fayez Sarofim
(2)		Check the appropriate box if a member of a group (see instructions)   (a)  ¨        (b)  x
(3)		SEC use only
(4)		Citizenship or place of organization   U.S.A.
Number of shares beneficially owned by each reporting person with				(5)		Sole voting power   2,469,070
				(6)		Shared voting power   937,761
				(7)		Sole dispositive power   2,469,070
				(8)		Shared dispositive power   1,005,274
(9)		Aggregate amount beneficially owned by each reporting person   3,474,344
(10)		Check box if the aggregate amount in Row (9) excludes certain shares (see instructions)   ¨
(11)		Percent of class represented by amount in Row (9)   6.6%
(12)		Type of reporting person (see instructions)   IN

 

 

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CUSIP No. 91327510-3

 

(1)		Name of reporting persons I.R.S. Identification Nos. of above persons (entities only)   Sarofim Trust Co. 74-1954383
(2)		Check the appropriate box if a member of a group (see instructions)   (a)  ¨        (b)  x
(3)		SEC use only
(4)		Citizenship or place of organization   TX
Number of shares beneficially owned by each reporting person with				(5)		Sole voting power   0
				(6)		Shared voting power   52,810
				(7)		Sole dispositive power   0
				(8)		Shared dispositive power   67,910
(9)		Aggregate amount beneficially owned by each reporting person   67,910
(10)		Check box if the aggregate amount in Row (9) excludes certain shares (see instructions)   ¨
(11)		Percent of class represented by amount in Row (9)   0.1%
(12)		Type of reporting person (see instructions)   IA, OO

 

 

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CUSIP No. 91327510-3

 

(1)		Name of reporting persons I.R.S. Identification Nos. of above persons (entities only)   Sarofim International Management Co. 76-0418292
(2)		Check the appropriate box if a member of a group (see instructions)   (a)  ¨        (b)  x
(3)		SEC use only
(4)		Citizenship or place of organization   TX
Number of shares beneficially owned by each reporting person with				(5)		Sole voting power   0
				(6)		Shared voting power   725,020
				(7)		Sole dispositive power
				(8)		Shared dispositive power   725,020
(9)		Aggregate amount beneficially owned by each reporting person   725,020
(10)		Check box if the aggregate amount in Row (9) excludes certain shares (see instructions)   ¨
(11)		Percent of class represented by amount in Row (9)   1.4%
(12)		Type of reporting person (see instructions)   IA, CO

 

 

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Item 1.  (a).

Name of Issuer:

Kemper Corporation (formerly known as Unitrin, Inc.)

 

(b).

Address of Issuer’s Principal Executive Offices:

One East Wacker Drive

Chicago, Illinois 60601

Item 2. (a) – (c) Name, Principal Business Address, and Citizenship of Persons Filing:

Fayez Sarofim & Co. – Texas

Fayez Sarofim – U.S.A.

Sarofim Trust Co. – Texas

Sarofim International Management Co. - Texas

Two Houston Center, Suite 2907

909 Fannin Street

Houston, Texas 77010

 

(d).

Title of Class of Securities:

Common stock, $0.10 par value

 

(e).

CUSIP Number:

48840110-0

 

Item  3.

If This Statement is filed pursuant to ss.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a

 

 

Item 4.

Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a)

Amount beneficially owned:

 

(i)

212,344 shares are held in investment advisory accounts managed by Fayez Sarofim & Co. for numerous clients. Pursuant to its investment advisory contract with its clients, Fayez Sarofim & Co. has full investment discretion with respect to such investment advisory accounts. However, Fayez Sarofim & Co. is not the record owner of any of such shares as such shares are held of record by the respective clients or by trustees or custodians for such clients. The clients are entitled to the economic benefits (dividend payments and sales proceeds) of ownership of such shares. Each client also has the right to terminate its investment advisory relationship with Fayez Sarofim & Co. at any time. Because Fayez Sarofim & Co. has power to dispose, or to direct the disposition of, such shares, it may be deemed to be the beneficial owner of these shares for the purposes of the Rule 13d-3 under the Securities Exchange Act of 1934. Because Fayez Sarofim is the Chairman of the Board, a director and owner of a majority of the outstanding capital stock of Fayez Sarofim & Co., he may also be deemed to be an indirect beneficial owner of these shares for the purposes of Rule 13d-3.

 

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(ii)

67,910 shares are held in investment advisory accounts managed by Sarofim Trust Co., a wholly owned subsidiary of Fayez Sarofim & Co., which is also an Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940. Pursuant to its investment advisory contracts with its clients, Sarofim Trust Co. has full investment discretion with respect to such investment advisory accounts. However, Sarofim Trust Co. is not the record owner of any of such shares as such shares are held of record by the respective clients or by trustees or custodians for such clients. The clients are entitled to the economic benefits of ownership of such shares. Each client also has the right to terminate its investment advisory relationship with Sarofim Trust Co. at any time. Because Sarofim Trust Co. has power to dispose, or to direct the disposition of, such shares, it may be deemed to be the beneficial owner of these shares for the purposes of Rule 13d-3 under the Securities Exchange Act of 1934 and Fayez Sarofim & Co. and Mr. Sarofim as controlling persons of Sarofim Trust Co., may be deemed to be indirect beneficial owners of these shares for such purposes.

 

(iii)

725,020 shares are owned directly by Sarofim International Management Company for its own account. Because Sarofim International Management Company is a wholly owned subsidiary of Fayez Sarofim & Co. and Fayez Sarofim is a controlling person of Fayez Sarofim & Co., each of Fayez Sarofim & Co. and Fayez Sarofim may be deemed to be an indirect beneficial owner of these shares for the purposes of Rule 13d-3.

 

(v)

2,469,070 shares are owned of record and beneficially by Fayez Sarofim. Fayez Sarofim & Co. has no beneficial ownership of these shares.

 

(b)

Percent of class:

Fayez Sarofim & Co. – 1.9%

Sarofim Trust Co. – 0.1%

Sarofim International Management Company – 1.4%

Fayez Sarofim – 6.6%

 

(c)

Number of shares as to which the person has:

 

(i)

Sole power to vote or to direct the vote :

Fayez Sarofim & Co. – 0

Sarofim Trust Co. – 0

Sarofim International Management Company – 0

Fayez Sarofim – 2,469,070

 

(ii)

Shared power to vote or to direct the vote:

Fayez Sarofim & Co. – 937,761

Sarofim Trust Co. – 52,810

Sarofim International Management Company – 725,020

Fayez Sarofim – 937,761

 

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(iii)

Sole power to dispose or to direct the disposition of:

Fayez Sarofim & Co. – 0

Sarofim Trust Co. – 0

Sarofim International Management Company – 0

Fayez Sarofim – 2,469,070

 

(iv)

Shared power to dispose or to direct the disposition of:

Fayez Sarofim & Co. – 1,005,274

Sarofim Trust Co. – 67,910

Sarofim International Management Company – 725,020

Fayez Sarofim – 1,005,274

 

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 ¨.

Not Applicable.

 

Item  6.

Ownership of More Than Five Percent on Behalf of Another Person.

If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.

With respect to securities held in accounts managed by Fayez Sarofim & Co. or held in accounts managed by Sarofim Trust Co., or held in accounts managed by Sarofim International Management Company clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities. No one client has such right with respect to more than five percent of the Class.

 

Item  7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.

As indicated in Item 3, Fayez Sarofim is Chairman of the Board, a director and owner of a majority of the outstanding capital stock of Fayez Sarofim & Co. and may be considered a parent holding company of Fayez Sarofim & Co. Fayez Sarofim & Co. is an Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940.

 

Item  8.

Identification and Classification of Members of the Group.

If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.

Not Applicable.

 

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Item  9.

Notice of Dissolution of Group.

Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.

Not Applicable.

 

Item  10.

Certification.

 

(a)

The following certification shall be included if the statement is filed pursuant to §240.13d-1(b).

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.

 

(b)

The following certification shall be included if the statement is filed pursuant to §240.13d-1(c):

By signing below I certify that, to the best of my 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.

 

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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.

 

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent.

Attention. Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).

 

*	The Reporting Persons disclaim beneficial ownership in the shares reported herein except to the extent of their pecuniary interest therein.

 

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JOINT FILING AGREEMENT

The undersigned agree that this Schedule 13G dated January 13, 2015 relating to the Common Stock of Kemper Corporation shall be filed on behalf of the undersigned.

 

 

*	The Reporting Persons disclaim beneficial ownership in the shares reported herein except to the extent of their pecuniary interest therein.

 

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