Prepared by MERRILL CORPORATION www.edgaradvantage.com

    FORM 4

/x/ Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*   2. Issuer Name and Ticker or Trading Symbol   6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
  The Allstate Corporation     Insurance Auto Auctions Inc. (IAAI)         Director       10% Owner

 
         
  (Last)   (First)   (Middle)   3. I.R.S. Identification Number of Reporting Person (voluntary)   4. Statement for Month/Year         Officer
    (give title below)
   X  Other
    (specify below)
  3075 Sanders Road, Ste. G5A     36-3871531     February, 2001     Formerly 10% owner

 
 
   
(Street)         5. If Amendment, Date of Original (Month/Year)   7. Individual or Joint/Group Filing
(Check Applicable Line)
 X  Form filed by One Reporting Person
     Form filed by More than
  Northbrook   IL   60062                 One Reporting Person

  (City)   (State)   (Zip)                      
              Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security
(Instr. 3)
  2. Transaction Date   3. Transaction Code
(Instr. 8)
  4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
  5. Amount of Securities Beneficially Owned at End of Month   6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
  7. Nature of Indirect Beneficial Ownership
(Instr. 4)
        (Month/ Day/ Year)
    (Instr. 3 and 4)            
              Code   V     Amount   (A) or (D)   Price                  

  Common Stock     2/9/01     S         1,667,000   D   $10.4625     0     I     (1)

                                                   

                                                   

                                                   

                                                   

                                                   

                                                   

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)

POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
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FORM 4 (Continued)   Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned
(
e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)
  2. Conversion or Exercise Price of Derivative Security   3. Transaction Date
(Month/Day/Year)
  4. Transaction Code
(Instr. 8)
  5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
  6. Date Exercisable and Expiration Date (Month/Day/Year)
                 
 
                    Code   V     (A)   (D)     Date
Exercisable
  Expiration Date

Director Stock Option (Right to Buy)                                          

                                             

                                             

                                             

                                             

                                             

                                             

                                             

                                             

                                             

                                             


7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
  8. Price of Derivative Security
(Instr. 5)
  9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
  10.   Ownership Form of Derivative Securities: Direct (D) or Indirect (I) (Instr. 4)   11.   Nature of Indirect Beneficial Ownership
(Instr. 4)
 
                           
  Title   Amount or Number of Shares                            


                                   

                                   

                                   

                                   

                                   

                                   

                                   

                                   

                                   

                                   

Explanation of Responses: (1) Owned by Allstate Insurance Company ("AIC"), a wholly owned subsidiary of The Allstate Corporation ("TAC")

These shares were transferred to AIC in 1993 by means of a dividend from its wholly owned subsidiary, Tech-Cor, Inc.

At the time the Form 3 for these shares was filed Sears, Roebuck and Co. was the ultimate parent of AIC and TAC.


 

 

The Allstate Corporation

 

2/15/01
    By: Allstate Insurance Company    
    /s/ Mary J. McGinn    
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).  
**Signature of Reporting Person
Mary J. McGinn
Vice President
 
Date
         
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        Page 2
SEC 1474 (3-99)