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. 1)
HOMESTEAD 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)
437698 10 3
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(CUSIP Number)
December 31, 1999
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(Date of Event Which Requires Filing of this 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)
Page 1 of 5 Pages
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CUSIP NO. 437698 10 3 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
Homestead Bancorp, Inc. Employee Stock Ownership Plan 72-1416514
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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
Louisiana
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5. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
VOTING POWER
76,129
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6. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED VOTING POWER
13,434
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
DISPOSITIVE POWER
76,129
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8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED DISPOSITIVE POWER
13,434
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
89,563
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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)
7.9%
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12. TYPE OF REPORTING PERSON
EP
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CUSIP NO. 437698 10 3 Page 3 of 5 Pages
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Item 1(a) Name of Issuer:
Homestead Bancorp, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
195 North Sixth Street
Ponchatoula, Louisiana 70454
Item 2(a) Name of Person Filing:
Homestead Bancorp, Inc. Employee Ownership Plan
Item 2(b) Address of Principal Business Office or, if None, Residence:
Homestead Bancorp, Inc.
195 North Sixth Street
Ponchatoula, Louisiana 70454
Item 2(c) Citizenship:
Louisiana
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number:
437698 10 3
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or
13d-2(b) or (c), Check Whether the Person Filing is a:
(f) [X] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F).
If this statement is filed pursuant to Rule 13d-1(c), check
this box. [ ]
Item 4. Ownership.
(a) Amount beneficially owned:
89,563
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CUSIP NO. 437698 10 3 Page 4 of 5 Pages
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(b) Percent of class: 7.9%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 76,129
-----------
(ii) Shared power to vote or to direct the vote 13,434
-----------
(iii) Sole power to dispose or to direct the
disposition of 76,129
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(iv) Shared power to dispose or to direct the
disposition of 13,434
-----------
The Homestead Bancorp, Inc. Employee Stock Ownership Plan
Trust ("Trust") was established pursuant to the Homestead
Bancorp, Inc. Employee Stock Ownership Plan ("ESOP"). Under
the terms of the ESOP, the Trustees will generally vote the
allocated shares held in the ESOP in accordance with the
instructions of the participating employees and will generally
vote unallocated shares held in the ESOP in the same
proportion for and against proposals to stockholders 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 generally be disregarded in
determining the percentage of stock voted for and against each
proposal by the participants and beneficiaries. As of December
31, 1999, 13,434 shares have been or were committed to be
allocated to participants' accounts and 76,129 shares were
unallocated.
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.
Participants in the ESOP are entitled to receive dividends on,
and the proceeds from, the sale of the shares allocated to
their accounts. The ESOP does not own more than 5% on behalf
of another person.
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.
Item 9. Notice of Dissolution of Group.
Not applicable since the reporting entity is not a member of a
group.
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CUSIP NO. 437698 10 3 Page 5 of 5 Pages
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Item 10. Certifications.
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.
HOMESTEAD BANCORP, INC.
EMPLOYEE STOCK OWNERSHIP PLAN TRUST
/s/ Lawrence C. Caldwell, Jr.
January 28, 2000 By: -----------------------------------
Lawrence C. Caldwell, Jr., Trustee
/s/ Dennis E. James
January 28, 2000 By: -----------------------------------
Dennis E. James, Trustee
/s/ Kelly Morse
January 28, 2000 By: -----------------------------------
Kelly Morse, Trustee