SC 13G 1 vectrust.txt SC 13G 1 SCHEDULE 13G 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO.___________________)* VEC TRUST I -------------------------------------------------------------------------------- (Name of Issuer) 7.75% CONVERTIBLE PREFERRED 18/08/2003 -------------------------------------------------------------------------------- (Title of Class of Securities) 91821D107 -------------------------------------------------------- (CUSIP Number) December 6, 2002 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] 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). Page 1 of 7 Pages SCHEDULE 13G CUSIP NO. 91821D107 Page 2 of 7 Pages ------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Aviva plc ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] ------------------------------------------------------------------------------- (3) SEC USE ONLY ------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION London, England ------------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 0 Shares ---------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 328,000 OWNED By ---------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING ---------------------------------------------------- PERSON (8) SHARED DISPOSITIVE POWER 328,000 WITH: ------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 328,000 - Aviva plc ------------------------------------------------------------------------------- (10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] ------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.5% ------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC ------------------------------------------------------------------------------- Page 2 of 7 Pages SCHEDULE 13G CUSIP NO. 91821D107 Page 3 of 7 Pages ------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Norwich Union Investment Managers Ltd Boston Branch ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] ------------------------------------------------------------------------------- (3) SEC USE ONLY ------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Boston, U.S.A. ------------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 0 Shares ---------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 328,000 OWNED By ---------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING ---------------------------------------------------- PERSON (8) SHARED DISPOSITIVE POWER 328,000 WITH: ------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 328,000 - Norwich Union Investment Managers Ltd Boston Branch ------------------------------------------------------------------------------- (10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] ------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.5% ------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA ------------------------------------------------------------------------------- Page 3 of 7 Pages Item 1(a). Name of Issuer: Page 4 of 7 Pages VEC Trust I Item 1(b). Address of Issuer's Principal Executive Offices: 1 Valero Place San Antonio Texas 78212 Item 2(a). Name of Person Filing: Aviva plc Norwich Union Investment Managers Ltd Boston Branch Item 2(b). Address or Principal Office or, if none, Residence: The address of the principal office of Aviva plc is: St Helen's 1 Undershaft London EC3P 3DQ United Kingdom The address of the principal office of Norwich Union Investment Managers Ltd Boston Branch is: 31 Milk Street Suite 111 Boston MA 02109 Item 2(c). Citizenship or Place of Organization: Aviva plc: England Norwich Union Investment Managers Ltd Boston Branch: U.S.A. Item 2(d). Title of Class of Securities: 7.75% CONVERTIBLE PREFERRED 18/08/2003 Item 2(e). Cusip Number: 91821D107 Page 4 of 7 Pages Page 5 of 7 Pages Item 3. If this Statement is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a(n): (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) [X]Investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E); (f) [ ] Employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g) [X] Parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G); (h) [ ] Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3) (j) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J). Item 4. Ownership. (as of December 31, 2002) Amount beneficially owned: 328,000 beneficially owned by Norwich Union Investment Managers Ltd Boston Branch. (b) Percent of Class: 5.5% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote:0 (ii) shared power to vote or to direct the vote:328,000 (iii) sole power to dispose or to direct the disposition of:0 (iv) shared power to dispose or to direct the disposition of:328,000 Page 5 of 7 Pages Page 6 of 7 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. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of VEC Trust I 7.75% Convertible Preferred 18/08/2003. No one person's interest in VEC Trust I 7.75% Convertible Preferred 18/08/2003 would amount to more than 5% of the total shares outstanding of VEC Trust I 7.75% Convertible Preferred 18/08/2003. Item 7. Identification and Classification of the Subsidiary which Acquired the Security being Reported on by the Parent Holding Company. Norwich Union Investment Managers Ltd Boston Branch - IA Item 8. Identification and Classification of Members of the Group. Not Applicable. Item 9. Notice of Dissolution of Group. Not Applicable. Page 6 of 7 Pages Page 7 of 7 Pages Item 10. Certification. 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. 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. Dated: February 10, 2003 Aviva plc By: -------------------------------------------- Name: Mary Ward Title: Group Legal Operations Manager Norwich Union Investment Managers Ltd Boston Branch By: -------------------------------------------- Name: Mary Ward Title: Group Legal Operations Manager Page 7 of 7 Pages 1