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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. )*
CFS BANCORP, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
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(Title of Class of Securities)
12525D 10 2
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(CUSIP Number)
July 24, 1998
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(Date of Event Which Requires Filing of this Statement)
Check appropriate box to designate the rule pursuant to which this Schedule
is filed:
[x] Rule 13d-1(b)
Page 1 of 5 Pages
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CUSIP NO. 12525D 10 2 Page 2 of 5 Pages
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1. NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CFS Bancorp, Inc. Employee Stock Ownership Plan Trust
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE VOTING POWER
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6. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED VOTING POWER
1,428,300
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE DISPOSITIVE POWER
0
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8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED DISPOSITIVE POWER
1,428,300
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,428,300
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.2%
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12. TYPE OF REPORTING PERSON
EP
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CUSIP NO. 12525D 10 2 Page 3 of 5 Pages
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Item 1(a) Name of Issuer:
CFS Bancorp, Inc.
Item 1(b) Address of Issuer's Principal Executive Office:
707 Ridge Road
Munster, Indiana 46321
Item 2(a) Name of Person Filing:
CFS Bancorp, Inc. Employee Stock Ownership Plan Trust.
Item 2(b) Address of Principal Business Office or, if None, Residence:
CFS Bancorp, Inc.
707 Ridge Road
Munster, Indiana 46321
Item 2(c) Citizenship:
United States
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number:
12525D 10 2
Item 3. If this statement is filed pursuant to Rules 13-d(b), or
13D-2(b), check whether the person filing is a:
[X] Employee Benefit Plan, Pension Plan Fund which is subject
to the provisions of the Employee Retirement Income Security
Act of 1974.
Item 4. Ownership.
(a) Amount beneficially owned
1,428,300
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CUSIP NO.12525D 10 2 Page 4 of 5 Pages
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(b) Percent of class:
6.2%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 0
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(ii) Shared power to vote or to direct the vote 1,428,300
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(iii) Sole power to dispose or to direct the disposition of
0
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(iv) Shared power to dispose or to direct the disposition of
1,428,300
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The CFS Bancorp, Inc. Employee Stock Ownership Plan Trust
(the "Trust") was established pursuant to the CFS Bancorp, Inc.
Employee Stock Ownership Plan ("ESOP"). Under the terms of the
ESOP, the Trustee must vote the allocated shares held in the ESOP
in accordance with the instructions of the participating employees.
Unallocated shares held in the ESOP generally will be voted by the
ESOP Trustee in the same proportion for and against proposals to
shareholders as the ESOP participants and beneficiaries actually
vote shares of Common Stock allocated to their individual accounts,
subject in each case to the fiduciary duties of the ESOP trustees
and applicable law. Any allocated shares which either abstain on
the proposal or are not voted will be disregarded in determining
the percentage of stock voted for and against each proposal by
the participants and benficiaries. As of December 31,1998, no
allocation of shares had yet been completed.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable since the reporting entity owns more than 5% of the
class.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Dividends on Common Stock allocated to the accounts of
participating employees and their beneficiaries, to the extent paid
in the form of additional securities, are added to their respective
individual accounts. Dividends on Common Stock allocated to the
accounts of participating employees and their beneficiaries, to the
extent paid in cash,are, at the direction of the Plan Administrator,
either (i) credited to the respective individual accounts, or (ii)
used to pay principal and interest on outstanding indebtedness
incurred by the reporting person to acquire Common Stock.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable since the reporting entity is not a member of a group.
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CUSIP NO.12525D 10 2 Page 5 of 5 Pages
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Item 9. Notice of Dissolution of Group.
Not Applicable since the reporting entity is not a member of a group.
Item 10. Certification.
By signing below, I certify that, to the best of my 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 purpose or
effect.
SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of
the undersigned, the undersigned certifies that the information set forth in
this Statement on Schedule 13G is true, complete and correct.
CFS BANCORP, INC. EMPLOYEE
STOCK OWNERSHIP PLAN TRUST
Date: February 12, 1999 By: /s/ Thomas F. Prisby
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Thomas F. Prisby, Trustee
Date: February 12, 1999 By: /s/ James W. Prisby
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James W. Prisby, Trustee
Date: February 12, 1999 By: /s/ John T. Stephens
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John T. Stephens, Trustee
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