United States
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)
John Hancock Patriot Global Dividend Fund
(Name of Issuer)
Common Stock
(Title of Class of Securities)
41013G-10-3
(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)
June 9, 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).
Page 1 of 8
CUSIP No.: 41013G-10-3 THE COMMERCE GROUP, INC.
SCHEDULE 13D
AMENDMENT No. 8
JUNE 23, 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 2,403,600
SHARED VOTING POWER 0
SOLE DISPOSITIVE POWER 2,403,600
SHARED DISPOSITIVE POWER 0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,403,600
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.8%
14. TYPE OF REPORTING PERSON
[HC]
Page 2 of 8
CUSIP No.: 41013G-10-3 THE COMMERCE GROUP, INC.
SCHEDULE 13D
AMENDMENT No. 8
JUNE 23, 2003
ITEM 1. SECURITY AND ISSUER
This Schedule 13D relates to the shares of beneficial interest (the
"Shares"), of John Hancock Patriot Global Dividend Fund (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, 02199-7603.
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
The source of the funds used by the Reporting Person to purchase Shares
listed in Item 5(a) was working capital. The amount of the funds used to
purchase such shares reported in Annex A aggregated approximately $995,173.
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 8,344,700 Shares are outstanding. Based upon such number, the
Reporting Person beneficially owns 28.8% of the Fund's outstanding Shares.
The Reporting Person is the beneficial owner (through its insurance
subsidiaries as listed below) of 2,403,600 Shares, over which it has sole
power of disposition and voting. Such number of Shares represents
approximately 28.8% of the outstanding Shares.
Shares Cost
The Commerce Insurance Company 2,199,900 $24,544,756
American Commerce Insurance Company 203,700 2,119,273
Totals 2,403,600 $26,664,029
Page 3 of 8
CUSIP No.: 41013G-10-3 THE COMMERCE GROUP, INC.
SCHEDULE 13D
AMENDMENT No. 8
JUNE 23, 2003
(c) During the period from April 16, 2002 through June 9, 2003, the
Reporting Person has effected the following purchases and sales of Common
Stock, all of which were made on the New York Stock Exchange (see attached
Annex A). All transactions prior to April 16, 2002 were reported on previous
Schedule 13D 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.
June 23, 2003 THE COMMERCE GROUP INC.
Gerald Fels
Executive Vice President &
Chief Financial Officer
Page 4 of 8
ANNEX A
Item 5 (c) - Information
41013G-10-3 JOHN HANCOCK PATRIOT GLOBAL DIVIDEND FUND
FROM 04/16/02 - 06/09/03
COMMERCE INSURANCE COMPANY
SALES
TRADE SETTLEMENT SHARES SALE PRICE
DATE DATE SOLD PER SHARE CONSIDERATION
04/17/03 04/23/03 6,000 11.9263 $ 71,314.45
04/21/03 04/24/03 3,000 11.8973 35,570.22
04/28/03 05/01/03 16,200 11.9525 192,973.43
04/30/03 05/05/03 2,600 11.9365 30,929.45
04/30/03 05/05/03 5,900 11.9365 70,186.05
05/01/03 05/06/03 10,000 11.9500 119,094.40
05/02/03 05/07/03 9,100 11.9364 108,252.15
05/05/03 05/08/03 4,100 12.0254 49,137.83
05/06/03 05/09/03 400 12.0118 4,788.50
05/06/03 05/09/03 10,000 12.0118 119,712.38
05/06/03 05/09/03 1,000 12.0118 11,971.23
05/07/03 05/12/03 1,100 12.0000 13,155.38
05/08/03 05/13/03 1,800 12.0233 21,568.92
COMMERCE SALE TOTALS: 71,200 $848,654.39
Page 5 of 8
ANNEX A
Item 5 (c) - Information (Continued)
41013G-10-3 JOHN HANCOCK PATRIOT GLOBAL DIVIDEND FUND
FROM 04/16/02 - 06/09/03
COMMERCE INSURANCE COMPANY
PURCHASES
SETTLEMENT SHARES PRICE ACQUISTION
TRADE DATE DATE PURCHASED PER SHARE COST
04/16/02 04/19/02 10,200 12.8600 $131,580.00
04/19/02 04/24/02 2,500 12.7000 31,850.00
04/22/02 04/25/02 4,600 12.7500 58,834.00
04/23/02 04/26/02 1,100 12.7500 14,069.00
04/24/02 04/29/02 1,000 12.8000 12,840.00
04/25/02 04/30/02 6,100 12.8400 78,568.00
04/26/02 05/01/02 5,000 12.8500 64,450.00
05/07/02 05/10/02 200 12.8000 2,568.00
05/13/02 05/16/02 1,500 12.8000 19,260.00
05/15/02 05/20/02 4,500 12.7900 57,735.00
05/20/02 05/23/02 500 12.7000 6,370.00
06/03/02 06/06/02 300 12.6600 3,810.00
06/05/02 06/10/02 2,300 12.6600 29,210.00
06/06/02 06/11/02 500 12.6000 6,320.00
06/14/02 06/19/02 4,900 12.4900 61,397.00
06/24/02 06/27/02 3,600 11.8000 42,624.00
06/25/02 06/28/02 1,800 11.8000 21,312.00
07/03/02 07/09/02 1,600 12.0000 19,264.00
07/08/02 07/11/02 3,700 12.0000 44,548.00
07/11/02 07/16/02 1,200 11.8500 14,268.00
07/16/02 07/19/02 2,500 11.4000 28,600.00
07/22/02 07/25/02 200 10.9500 2,198.00
Page 6 of 8
ANNEX A
Item 5 (c) - Information (Continued)
41013G-10-3 JOHN HANCOCK PATRIOT GLOBAL DIVIDEND FUND
FROM 04/16/02 - 06/09/03
COMMERCE INSURANCE COMPANY
PURCHASES
SETTLEMENT SHARES PRICE ACQUISTION
TRADE DATE DATE PURCHASED PER SHARE COST
07/22/02 07/25/02 2,000 11.0000 22,080.00
07/23/02 07/26/02 8,500 11.0000 93,840.00
07/24/02 07/30/02 1,400 10.0000 14,056.00
11/04/02 11/07/02 9,900 11.2000 111,276.00
11/04/02 11/07/02 200 11.1900 2,246.00
COMMERCE PURCHASE TOTALS: 81,800 $995,173.00
NET COMMERCE SALE TOTAL: (10,600) ($146,518.61)
Page 7 of 8
ANNEX A
Item 5 (c) - Information (Continued)
41013G-10-3 JOHN HANCOCK PATRIOT GLOBAL DIVIDEND FUND
FROM 04/16/02 - 06/09/03
AMERICAN COMMERCE INSURANCE COMPANY
SALES
SETTLEMENT SHARES SALE PRICE
TRADE DATE DATE SOLD PER SHARE CONSIDERATION
04/21/03 04/24/03 500 11.9000 $ 5,929.72
04/22/03 04/25/03 1,200 11.9150 14,249.33
04/23/03 04/28/03 7,700 11.8565 90,982.77
04/29/03 05/02/03 9,700 11.9569 115,588.51
05/09/03 05/14/03 9,100 12.0102 108,923.70
05/12/03 05/15/03 2,500 11.9500 29,773.60
05/13/03 05/16/03 1,100 12.0245 13,182.33
05/14/03 05/19/03 2,100 11.9862 25,085.84
05/22/03 05/28/03 4,600 12.2648 56,231.43
05/30/03 06/04/03 100 12.7200 1,267.94
06/02/03 06/05/03 6,600 12.7376 83,800.23
06/03/03 06/06/03 28,100 12.8368 359,573.20
06/04/03 06/09/03 11,700 12.7665 148,893.06
06/05/03 06/10/03 3,300 12.6739 41,689.91
06/09/03 06/12/03 8,000 12.7576 101,736.02
AMERICAN COMMERCE SALE TOTALS: 96,300 $1,196,907.59
NO ACIC PURCHASES DURING PERIOD
NET CONSOLIDATED SALE TOTAL: 85,700 $1,050,388.98
Page 8 of 8