United States
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
John Hancock Patriot Premium Dividend Fund I
(Name of Issuer)
Common Stock
(Title of Class of Securities)
41013Q-10-1
(CUSIP Number)
The Commerce Group, Inc.
211 Main Street
Webster, MA 01570
(508) 943-9000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 14, 2003
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check
the following box: [X]
The information required on 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.: 41013Q-10-1 THE COMMERCE GROUP, INC.
SCHEDULE 13D
AMENDMENT NO. 3
JULY 25, 2003
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. ID NO. OF ABOVE PERSON
The Commerce Group Inc.
ID# 04-2599931
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS [WC]
5 CHECK BOX IF DISCLOSURE OF LEGAL [ ]
PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE VOTING POWER 4,154,200
SHARED VOTING POWER 0
SOLE DISPOSITIVE POWER 4,154,200
SHARED DISPOSITIVE POWER 0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,154,200
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.5%
14. TYPE OF REPORTING PERSON
[HC]
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CUSIP No.: 41013Q-10-1 THE COMMERCE GROUP, INC.
SCHEDULE 13D
AMENDMENT NO. 3
JULY 25, 2003
ITEM 1. SECURITY AND ISSUER
This Schedule 13D relates to the shares of beneficial interest (the
"Shares"), of John Hancock Patriot Premium Dividend Fund I (the "Fund"), a
Massachusetts business trust registered as an investment company under the
Investment Company Act of 1940, as amended (the "Investment Company Act").
The principal executive offices of the Fund are located at 101 Huntington
Avenue, Boston, MA, 02119-7603.
ITEM 2. IDENTITY AND BACKGROUND
(a) - (f) This Schedule 13D is being filed by The Commerce Group Inc.
(the "Reporting Person"), a corporation formed under the laws of
Massachusetts. The Reporting Person is a corporation whose principal offices
are located at 211 Main Street Webster, MA 01570. No material changes have
taken place with respect to director or officer information of the Reporting
Person.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
This item is not applicable. This Schedule 13D reports sales of shares
rather than purchases.
ITEM 4. PURPOSE OF TRANSACTION
No material change has taken place since the previous filing.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Fund's reports with the Securities and Exchange Commission
report that 15,061,235 Shares are outstanding. Based upon such number, the
Reporting Person beneficially owns 27.5% of the Fund's outstanding Shares.
(b) The Reporting Person is the beneficial owner (through its insurance
subsidiaries as listed below) of 4,154,200 Shares, over which it has sole
power of disposition and voting. Such number of Shares represents
approximately 27.5% of the outstanding Shares.
Shares Cost
The Commerce Insurance Company 4,130,900 $37,403,700
Commerce West Insurance Company 23,300 213,541
Totals 4,154,200 $37,617,241
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CUSIP No.: 41013Q-10-1 THE COMMERCE GROUP, INC.
SCHEDULE 13D
AMENDMENT NO. 3
JULY 25, 2003
(c) During the period from June 24, 2003 through July 14, 2003, the
Reporting Person has effected the following sales of Common Stock, all of
which were made on the New York Stock Exchange (see attached Annex A). All
transactions prior to June 24, 2003 were reported on previous Schedule 13 D
filings
(d) No person other than the Reporting Person has the right to receive
or the power to direct the receipt of dividends from, or the proceeds from
the sale of, the shares of Common Stock owned by the Reporting Person.
(e) It is inapplicable to state the date on which the Reporting Person
ceased to be the beneficial owner of more than five percent of the Common
Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER
The Reporting Person does not have any contract, arrangement,
understanding or relationship (legal or otherwise) with any person with
respect to any securities of the Fund, including, but not limited to, the
transfer or voting of any such securities, finders' fees, joint ventures,
loan or option arrangements, puts or calls, guarantees of profits, division
of profits or loss, or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Annex A Item 5(c) Information
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.
July 25, 2003 THE COMMERCE GROUP INC.
Gerald Fels
Executive Vice President &
Chief Financial Officer
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ANNEX A
Item 5 (c) - Information
PDF - JOHN HANCOCK PATRIOT PREMIUM DIVIDEND FUND I 41013Q-10-1
FROM 6/24/03 - 7/14/03
COMMERCE WEST NSURANCE COMPANY
SALES
TRADE SETTLEMENT SHARES SALE PRICE
DATE DATE SOLD PER SHARE CONSIDERATION
06/24/03 06/27/03 5,500 $9.2616 $ 50,716.41
06/25/03 06/30/03 1,200 9.2458 11,046.44
06/25/03 06/30/03 1,400 9.2458 12,887.51
06/26/03 07/01/03 4,700 9.2157 43,123.76
06/27/03 07/02/03 11,400 9.1168 103,470.66
06/30/03 07/03/03 16,500 9.2045 151,207.14
07/01/03 07/07/03 5,700 9.1337 51,831.65
07/07/03 07/10/03 7,900 9.2829 73,015.48
07/08/03 07/11/03 23,400 9.2479 215,454.73
07/10/03 07/15/03 2,700 9.2519 24,870.96
07/11/03 07/16/03 19,200 9.2622 177,057.92
07/14/03 07/17/03 38,400 9.2396 353,248.04
COMMERCE WEST SALE TOTALS 138,000 $1,267,930.70
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