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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
BNC MORTGAGE, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
05561Y 10 5
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ] . (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*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 8 pages
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CUSIP NO. 05561Y 10 5 13G PAGE 2 OF 8 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EVAN R. BUCKLEY
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
INAPPLICABLE
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY ---------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING
PERSON 1,549,717
WITH ---------------------------------------------------
7 SOLE DISPOSITIVE POWER
- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,549,717
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,549,717
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
28.6%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 8 pages
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CUSIP NO. 05561Y 10 5 13G PAGE 3 OF 8 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KAREN BUCKLEY
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
INAPPLICABLE
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY ---------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING
PERSON 1,549,717
WITH ---------------------------------------------------
7 SOLE DISPOSITIVE POWER
- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,549,717
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,549,717
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
28.6%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 8 pages
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CUSIP NO. 05561Y 10 5 13G PAGE 4 OF 8 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THE BUCKLEY FAMILY TRUST
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
INAPPLICABLE
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 1,549,717
BENEFICIALLY ---------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING
PERSON
WITH ---------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,549,717
- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,549,717
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
28.6%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 8 pages
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SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G
Under Sections 13(d), 13(g), and 23 of the Securities Exchange Act of
1934 and the rules and regulations thereunder, the Commission is authorized to
solicit the information required to be supplied by this schedule by certain
security holders of certain issuers.
Disclosure of the information specified in this schedule is mandatory,
except for Social Security or I.R.S. identification numbers, disclosure of which
is voluntary. The information will be used for the primary purpose of
determining and disclosing the holdings of certain beneficial owners of certain
equity securities. This statement will be made a matter of public record.
Therefore, any information given will be available for inspection by any member
of the public.
Because of the public nature of the information, the Commission can
utilize it for a variety of purposes, including referral to other governmental
authorities or securities self-regulatory organizations for investigatory
purposes or in connection with litigation involving the Federal securities laws
or other civil, criminal or regulatory statutes or provisions. Social Security
or I.R.S. identification numbers, if furnished, will assist the Commission in
identifying security holders and, therefore, in promptly processing statements
of beneficial ownership of securities.
Failure to disclose the information requested by this schedule, except
for Social Security or I.R.S. identification numbers, may result in civil or
criminal action against the persons involved for violation of the Federal
securities laws and rules promulgated thereunder.
ITEM 1.
(a) BNC Mortgage, Inc.
(b) 1063 McGaw Avenue, Irvine, California 92614
ITEM 2.
(a) Evan R. Buckley
Karen Buckley
The Buckley Family Trust
(b) 1063 McGaw Avenue, Irvine, California 92614
(c) Evan R. Buckley - United States
Karen Buckley - United States
The Buckley Family Trust - California
(d) Common Stock
(e) 05561Y 10 5
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b), CHECK
WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of the act
(d) [ ] Investment Company registered under section 8 of the Investment Company
Act
(e) [ ] Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions
of the Employee Retirement Income Security Act of 1974 or Endowment
Fund; see Section 240.13d-l(b)(l)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Section 240.13d-l(b)(ii)(G)
(Note: See Item 7)
(h) [ ] Group, in accordance with Section 240.13d-l(b)(l)(ii)(H)
ITEM 4. OWNERSHIP
(a) Evan R. Buckley - 1,549,717
Karen Buckley - 1,549,717
The Buckley Family Trust - 1,549,717
(b) 28.6%
Page 5 of 8 pages
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(c)
(i) Evan R. Buckley - 0
Karen Buckley - 0
The Buckley Family Trust - 1,549,717
(ii) Evan R. Buckley - 1,549,717
Karen Buckley - 1,549,717
The Buckley Family Trust - 0
(iii) Evan R. Buckley - 0 Karen Buckley - 0
The Buckley Family Trust - 1,549,717
(iv) Evan R. Buckley - 1,549,717
Karen Buckley - 1,549,717
The Buckley Family Trust - 0
Instruction: For computations regarding securities which represent a right to
acquire an underlying security see Rule 13d-3(d(1).
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 [ ].
Instruction: Dissolution of a group requires a response to this item.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
SAFECO Asset Management Company
Greenlight Capital LLC
SAFECO Common Stock Trust
Bay Pond Partners, LP
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Inapplicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Inapplicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Inapplicable.
ITEM 10. CERTIFICATION
By signing below we certify that, to the best of our knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
Page 6 of 8 pages
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SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
By: /s/ Evan R. Buckley
-------------------------------------
Name: Evan R. Buckley
By: /s/ Karen Buckley
-------------------------------------
Name: Karen Buckley
THE BUCKLEY FAMILY TRUST
By: /s/ Evan R. Buckley
-------------------------------------
Name: Evan R. Buckley
Title: Co-Trustee
By: /s/ Karen Buckley
-------------------------------------
Name: Karen Buckley
Title: Co-Trustee
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: Six copies of this statement, including all exhibits, should be filed with
the Commission.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
Page 7 of 8 pages
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EXHIBIT A
AGREEMENT FOR JOINT
FILING OF SCHEDULE 13G
Evan R. Buckley and Karen Buckley, individually and as Trustees of the
Buckley Family Trust, agree that the Schedule 13G dated February 2, 1999
regarding BNC Mortgage, Inc. has been filed on behalf of each of Evan R.
Buckley, Karen Buckley, and the Buckley Family Trust.
By: /s/ Evan R. Buckley
-------------------------------------
Name: Evan R. Buckley
By: /s/ Karen Buckley
-------------------------------------
Name: Karen Buckley
THE BUCKLEY FAMILY TRUST
By: /s/ Evan R. Buckley
-------------------------------------
Name: Evan R. Buckley
Title: Co-Trustee
By: /s/ Karen Buckley
-------------------------------------
Name: Karen Buckley
Title: Co-Trustee
Page 8 of 8 pages
