UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
First Sentinel Bancorp, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
33640T 10 3
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(CUSIP Number)
December 31, 1999
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of 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 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).
SEC 1745
<PAGE>
CUSIP No. 13G Page 2 of 4 Pages
3364OT 10 3
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
First Savings Bank Employee Stock Ownership Plan
IRS ID No. 13-3672366
________________________________________________________________________________
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
Employee stock benefit plan established by a New Jersey-chartered
savings institution.
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 1,337,186
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 827,732
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 2,164,918
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,164,918
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
(See Instructions)
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6% of 38,443,350 shares outstanding as of December 31, 1999.
________________________________________________________________________________
12. TYPE OF REPORTING PERSON* (See Instructions)
EP
________________________________________________________________________________
<PAGE>
SCHEDULE 13G Page 2 of 4 Pages
Item 1(a): Name of Issuer:
FIRST SENTINEL BANCORP, INC.
----------------------------------------------------
Item 1(b): Address of Issuer's Principal Executive Offices:
1000 WOODBRIDGE CENTER DRIVE
WOODBRIDGE, NEW JERSEY 07095
----------------------------------------------------
Item 2(a): Name of Person Filing:
FIRST SAVINGS BANK
EMPLOYEE STOCK OWNERSHIP PLAN
----------------------------------------------------
Item 2(b): Address of Principal Business Office or,
if none, Residence:
1000 WOODBRIDGE CENTER DRIVE
WOODBRIDGE, NEW JERSEY 07095
----------------------------------------------------
Item 2(c): Citizenship:
NEW JERSEY-CHARTERED SAVINGS INSTITUTION'S EMPLOYEE
STOCK BENEFIT PLAN ORGANIZED IN NEW JERSEY
----------------------------------------------------
Item 2(d): Title of Class of Securities:
COMMON STOCK, PAR VALUE $.01 PER SHARE
--------------------------------------
Item 2(e): CUSIP Number:
33640T 10 3
--------------------
Item 3: The person filing this statement is an employee benefit plan
which is subject to the provisions of the Employee
Retirement Income Security Act of 1974.
Item 4: Ownership: As of December 31, 1999, the reporting person
beneficially owned 2,164,918 shares of the issuer. This number
of shares represents 5.6% of the common stock, par value $.01,
of the issuer, based upon 38,443,350 shares of such common
stock outstanding as of December 31, 1999. As of December 31,
1999, the reporting person had sole power to vote or to direct
the vote of 1,337,186 of the shares and shares voting power
over 827,732 shares. The reporting person has the sole power
to dispose or direct the disposition of 2,164,918 shares of
common stock.
<PAGE>
Page 4 of 4 Pages
Item 5: Ownership of Five Percent or Less of a Class:
N/A
----------------------------------------------------
Item 6: Ownership of More Than Five Percent on Behalf of Another
Person:
N/A
----------------------------------------------------
Item 7: Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent
Holding Company:
N/A
----------------------------------------------------
Item 8: Identification and Classification of Members of the Group:
N/A
----------------------------------------------------
Item 9: Notice of Dissolution of Group:
N/A
----------------------------------------------------
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.
/S/ CHRISTOPHER MARTIN FEBRUARY 11, 2000
- ------------------------------------ ------------------
Signature Date
EXECUTIVE VICE PRESIDENT, CHIEF OPERATING AND FINANCIAL OFFICER
Title
