UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 06/30/99
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one):
|_| is a restatement.
|_| adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: KBW Asset Management, Inc.
Address: Two World Trade Center, 85th Floor
New York, New York 10048
Form 13F File Number: 28-
The institutional investment manager filing this report and
the person by whom it is signed hereby represent that the
person signing the report is authorized to submit it, that all
information contained herein is true, correct and complete,
and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Reporting Manager:
Name: Michael T. O'Brien
Title: President
Phone: 212-432-4502
Signature, Place, and Date of Signing:
Michael T. O'Brien
[Signature]
New York, New York
[City, State]
August 5, 1999
[Date]
Report Type (Check only one):
|X| 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
|_| 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting managers(s).)
|_|13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
<PAGE>
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 202
Form 13F Information Table Value Total: $73,533 (thousands)
List of Other Included Managers: None
<PAGE>
FORM 13F
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Name of Issuer Title of Class Cusip Fair Market Shares or Put/Call Investment Discretion Voting Authority
Number Value Principal (Shares)
(in thousands) Amount
--------------------------------------------
(a) (b) (c) (a) (b) (c)
Sole Share-As Shared- Sole Shared None
Defined Other
in
Instr. V
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMCORE FINANCIAL Common Stock 23912108 484 21000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
ACM INSTITUTIONAL RESERVES Common Stock A000156 2141 2140530 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
ACM INSTITUTIONAL RESERVES Common Stock A000156 15677 15677284 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
AMCORE FINANCIAL INC Common Stock 23912108 530 23000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
AMCORE FINANCIAL INC Common Stock 23912108 231 10000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK OF NEW YORK CO INC Common Stock 64057102 895 24400 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK OF NEW YORK CO INC Common Stock 64057102 1284 35000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK OF NEW YORK CO INC Common Stock 64057102 440 12000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK OF NEW YORK CO INC Common Stock 64057102 294 8000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK ONE CORP Common Stock 06423A103 874 14680 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK ONE CORP Common Stock 06423A103 834 14000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK ONE CORP Common Stock 06423A103 185 3100 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK ONE CORP Common Stock 06423A103 679 11400 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SUNTRUST BK JAN 40 8679601AH 133 42 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SUNTRUST BK JAN 40 8679601AH 89 28 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK ONE CP JAN 65 0642320AM -34 -80 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK ONE CP JAN 65 0642320AM -26 -60 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CITY NATL CP NOV 40 1785669KH -13 -70 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CITY NATL CP NOV 40 1785669KH -8 -45 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COMPASS BANC JUL 23.375 20449H9GY -12 -20 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
HIBERNIA CP OCT 17.5 4286569JW -21 -185 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
HIBERNIA CP OCT 17.5 4286569JW -6 -56 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
HIBERNIA CP OCT 17.5 4286569JW -10 -86 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
MBNA CORP JAN 26.625 55263MOAZ -59 -62 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Name of Issuer Title of Class Cusip Fair Market Shares or Put/Call Investment Discretion Voting Authority
Number Value Principal (Shares)
(in thousands) Amount
--------------------------------------------
(a) (b) (c) (a) (b) (c)
Sole Share-As Shared- Sole Shared None
Defined Other
in
Instr. V
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MBNA CORP JAN 26.625 55263MOAZ -39 -41 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
NATL COMM BA JUL 22.5 6354499GX -8 -150 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
NATL COMM BA JUL 22.5 6354499GX -11 -200 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
NATL COMM BA JUL 22.5 6354499GX -3 -60 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
NATL COMM BA JUL 22.5 6354499GX -5 -90 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN FI JAN 50 74407KOAJ 335 48 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN FI JAN 50 74407KOAJ 112 16 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SOVEREIGN BA JAN 12.5 8459050AV -4 -25 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SOVEREIGN BA JAN 12.5 8459050AV -4 -25 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SOVEREIGN BA JAN 15 8459050AC -8 -100 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SOVEREIGN BA JAN 15 8459050AC -16 -200 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SOVEREIGN BA JUL 15 8459059GC 0* -30 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SOVEREIGN BA JUL 15 8459059GC -1 -70 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANC JAN 42.5 8660050AV -44 -154 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANC JAN 42.5 8660050AV -20 -71 Call SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE FINANCIAL CORP Common Stock 14040H105 1169 21000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE FINANCIAL CORP Common Stock 14040H105 551 9900 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE FINANCIAL CORP Common Stock 14040H105 200 3600 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE FINANCIAL CORP Common Stock 14040H105 134 2400 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CCB FINANCIAL CORP Common Stock 124875105 26 500 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CCB FINANCIAL CORP Common Stock 124875105 37 700 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CCB FINANCIAL CORP Common Stock 124875105 10 200 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CCB FINANCIAL CORP Common Stock 124875105 16 300 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CENTURA BANKS INC Common Stock 15640T100 643 11400 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CENTURA BANKS INC Common Stock 15640T100 1122 19900 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CENTURA BANKS INC Common Stock 15640T100 451 8000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CENTURA BANKS INC Common Stock 15640T100 428 7600 SOLE 0 0 SOLE 0 0
</TABLE>
- ----------
* Fair market values reported as 0 may have a value of less than 499.
<PAGE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Name of Issuer Title of Class Cusip Fair Market Shares or Put/Call Investment Discretion Voting Authority
Number Value Principal (Shares)
(in thousands) Amount
--------------------------------------------
(a) (b) (c) (a) (b) (c)
Sole Share-As Shared- Sole Shared None
Defined Other
in
Instr. V
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CHITTENDEN CORP Common Stock 170228100 341 10914 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CITY NATIONAL CORP Common Stock 178566105 327 8750 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CITY NATIONAL CORP Common Stock 178566105 264 7050 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CITY NATIONAL CORP Common Stock 178566105 168 4500 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COLONIAL BANCGROUP INC Common Stock 195493309 207 14850 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COLONIAL BANCGROUP INC Common Stock 195493309 143 10250 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COLONIAL BANCGROUP INC Common Stock 195493309 227 16300 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COMERICA INC Common Stock 200340107 915 15400 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COMERICA INC Common Stock 200340107 701 11800 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COMERICA INC Common Stock 200340107 285 4800 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COMERICA INC Common Stock 200340107 250 4200 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COMMERCIAL FEDERAL CORP Common Stock 201647104 592 25550 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COMMERCIAL FEDERAL CORP Common Stock 201647104 715 30850 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COMMERCIAL FEDERAL CORP Common Stock 201647104 116 5000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COMMERCIAL FEDERAL CORP Common Stock 201647104 148 6400 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COMPASS BANCSHARES INC Common Stock 20449H109 818 30000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COMPASS BANCSHARES INC Common Stock 20449H109 360 13200 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CULLEN FROST BANKERS INC Common Stock 229899109 441 16000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CULLEN FROST BANKERS INC Common Stock 229899109 496 18000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CULLEN FROST BANKERS INC Common Stock 229899109 22 800 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CULLEN FROST BANKERS INC Common Stock 229899109 276 10000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST AMERICAN CORP-TENN Common Stock 318900107 632 15200 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST AMERICAN CORP-TENN Common Stock 318900107 964 23200 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST AMERICAN CORP-TENN Common Stock 318900107 312 7500 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST AMERICAN CORP-TENN Common Stock 318900107 428 10300 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST MIDWEST BANCORP INC-DEL Common Stock 320867104 1193 30000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST MIDWEST BANCORP INC-DEL Common Stock 320867104 557 14000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Name of Issuer Title of Class Cusip Fair Market Shares or Put/Call Investment Discretion Voting Authority
Number Value Principal (Shares)
(in thousands) Amount
--------------------------------------------
(a) (b) (c) (a) (b) (c)
Sole Share-As Shared- Sole Shared None
Defined Other
in
Instr. V
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FIRST SECURITY CORP-DEL Common Stock 336294103 700 25700 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST SECURITY CORP-DEL Common Stock 336294103 948 34800 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST SECURITY CORP-DEL Common Stock 336294103 245 9000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST SECURITY CORP-DEL Common Stock 336294103 447 16400 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
INDEPENDENT BANK CORP-MASS Common Stock 453836108 16 1000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
INVESTORS FINANCIAL SERVICES Common Stock 461915100 500 12500 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
INVESTORS FINANCIAL SERVICES Common Stock 461915100 720 18010 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
INVESTORS FINANCIAL SERVICES Common Stock 461915100 120 3000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
INVESTORS FINANCIAL SERVICES Common Stock 461915100 330 8240 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
KEYCORP NEW Common Stock 493267108 689 21450 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
KEYCORP NEW Common Stock 493267108 1092 34000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
KEYCORP NEW Common Stock 493267108 358 11150 SOLE 0 0 SOLE
- -----------------------------------------------------------------------------------------------------------------------------------
KEYCORP NEW Common Stock 493267108 752 23400 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
M & T BANK CORP COM Common Stock 55261F104 715 1300 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
M & T BANK CORP COM Common Stock 55261F104 720 1310 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
M & T BANK CORP COM Common Stock 55261F104 220 400 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
M & T BANK CORP COM Common Stock 55261F104 292 530 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
MBNA CORP Common Stock 55262L100 285 9300 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
MBNA CORP Common Stock 55262L100 190 6200 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
MECH FINANCIAL INC Common Stock 583492103 375 10000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
MECH FINANCIAL INC Common Stock 583492103 450 12000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
MELLON BANK CORP Common Stock 585509102 1138 31300 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
MELLON BANK CORP Common Stock 585509102 2033 55900 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
MELLON BANK CORP Common Stock 585509102 633 17400 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
MELLON BANK CORP Common Stock 585509102 1019 28000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
NATIONAL COMMERCE BANCORPORATN Common Stock 635449101 328 15000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
NATIONAL COMMERCE BANCORPORATN Common Stock 635449101 438 20000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Name of Issuer Title of Class Cusip Fair Market Shares or Put/Call Investment Discretion Voting Authority
Number Value Principal (Shares)
(in thousands) Amount
--------------------------------------------
(a) (b) (c) (a) (b) (c)
Sole Share-As Shared- Sole Shared None
Defined Other
in
Instr. V
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NATIONAL COMMERCE BANCORPORATN Common Stock 635449101 131 6000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
NATIONAL COMMERCE BANCORPORATN Common Stock 635449101 197 9000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
PEOPLES HERITAGE FINL GROUP Common Stock 711147108 640 34000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
PEOPLES HERITAGE FINL GROUP Common Stock 711147108 442 23500 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
PEOPLES HERITAGE FINL GROUP Common Stock 711147108 508 27000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN CORP Common Stock 74406A102 93 1000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN CORP Common Stock 74406A102 131 1400 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN CORP Common Stock 74406A102 47 500 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN CORP Common Stock 74406A102 65 700 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK OF AMER AUG 70 0605019TN -10 -50 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK OF AMER AUG 70 0605019TN -3 -15 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK OF AMER AUG 70 0605019TN -4 -23 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK ONE CP AUG 60 06423A9TL -33 -100 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK ONE CP AUG 60 06423A9TL -18 -56 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK ONE CP AUG 60 06423A9TL -9 -28 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK ONE CP AUG 65 06423A9TM -32 -50 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
BANK ONE CP AUG 65 06423A9TM -11 -17 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE DEC 51.625 14040H9XW -66 -150 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE DEC 51.625 14040H9XW -22 -50 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE DEC 51.625 14040H9XW -22 -50 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE DEC 56.625 14040H9XY -42 -60 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE DEC 56.625 14040H9XY -29 -42 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE DEC 56.625 14040H9XY -21 -30 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE DEC 58 14040H9XZ -34 -45 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE DEC 58 14040H9XZ -23 -30 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE SEP 46.625 14040H9UU -7 -51 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE SEP 46.625 14040H9UU -4 -33 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Name of Issuer Title of Class Cusip Fair Market Shares or Put/Call Investment Discretion Voting Authority
Number Value Principal (Shares)
(in thousands) Amount
--------------------------------------------
(a) (b) (c) (a) (b) (c)
Sole Share-As Shared- Sole Shared None
Defined Other
in
Instr. V
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CHASE MNHATN SEP 80 16161A9UP -14 -45 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CHASE MNHATN SEP 80 16161A9UP -5 -15 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
CHASE MNHATN SEP 80 16161A9UP -6 -20 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COLONIAL BAN SEP 12.5 1954939UV -6 -100 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COMERICA INC JUL 60 2003409SL -28 -170 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COMERICA INC JUL 60 2003409SL -9 -57 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
COMERICA INC JUL 60 2003409SL -4 -26 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST AMERN SEP 40 3189009UH -22 -140 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST AMERN SEP 40 3189009UH -4 -28 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST AMERN SEP 40 3189009UH -6 -40 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST AMERN SEP 45 3189009UI -71 -150 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST AMERN SEP 45 3189009UI -12 -25 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST AMERN SEP 45 3189009UI -19 -40 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FLEET FINL G JUL 45 3389159SI -2 -12 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
FLEET FINL G JUL 45 3389159SI -8 -48 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
GOLDEN STATE JUL 22.5 3811979SX -4 -45 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
KEYCORP NEW SEP 32.5 4932679UZ -9 -42 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
KEYCORP NEW SEP 32.5 4932679UZ -7 -34 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
MERCANTILE B DEC 55 5873429XK -26 -78 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
MERCANTILE B DEC 55 5873429XK -18 -52 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
NATL COMM BA JUL 22.5 6354499SX -34 -300 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
NATL COMM BA JUL 22.5 6354499SX -11 -100 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
NATL COMM BA JUL 22.5 6354499SX -8 -70 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SUNTRUST BK JUL 70 8679149SN -6 -32 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
US BANCORP JAN 30 90390A0MF -4 -20 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
US BANCORP JAN 40 90390A0MH -51 -70 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
US BANCORP JAN 40 90390A0MH -91 -125 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Name of Issuer Title of Class Cusip Fair Market Shares or Put/Call Investment Discretion Voting Authority
Number Value Principal (Shares)
(in thousands) Amount
--------------------------------------------
(a) (b) (c) (a) (b) (c)
Sole Share-As Shared- Sole Shared None
Defined Other
in
Instr. V
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WACHOVIA CP AUG 85 9297719TQ -12 -40 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
WACHOVIA CP AUG 85 9297719TQ -3 -10 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
WACHOVIA CP AUG 85 9297719TQ -6 -20 PUT SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
RELIANCE BANCORP INC Common Stock 759451107 276 10000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
RELIANCE BANCORP INC Common Stock 759451107 83 3000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
RELIANCE BANCORP INC Common Stock 759451107 276 10000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SEACOAST FINANCIAL SERVICES Common Stock 8117Q106 330 29000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SOVEREIGN BANCORP Common Stock 845905108 242 20000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SOVEREIGN BANCORP Common Stock 845905108 485 40000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
ST. PAUL BANCORP INC Common Stock 792848103 1033 40501 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
ST. PAUL BANCORP INC Common Stock 792848103 966 37878 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
ST. PAUL BANCORP INC Common Stock 792848103 316 12409 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
ST. PAUL BANCORP INC Common Stock 792848103 478 18730 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
STERLING BANCHARES INC Common Stock 858907108 201 15000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
STERLING BANCHARES INC Common Stock 858907108 360 26900 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
STERLING BANCHARES INC Common Stock 858907108 90 6700 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
STERLING BANCHARES INC Common Stock 858907108 143 10700 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP Common Stock 866005101 669 16000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP Common Stock 866005101 644 15400 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP Common Stock 866005101 297 7100 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SUNTRUST BANKS INC Common Stock 867914103 97 1400 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SUPERIOR FINL CORP DEL Common Stock 868161100 215 21000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SUPERIOR FINL CORP DEL Common Stock 868161100 338 33000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
SUPERIOR FINL CORP DEL Common Stock 868161100 102 10000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
U S BANCORP-DEL Common Stock 902973106 547 16400 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
U S BANCORP-DEL Common Stock 902973106 37 1100 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
U S BANCORP-DEL Common Stock 902973106 497 14900 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Name of Issuer Title of Class Cusip Fair Market Shares or Put/Call Investment Discretion Voting Authority
Number Value Principal (Shares)
(in thousands) Amount
--------------------------------------------
(a) (b) (c) (a) (b) (c)
Sole Share-As Shared- Sole Shared None
Defined Other
in
Instr. V
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
U S BANCORP-DEL Common Stock 902973106 384 11500 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
U S TRUST CORP NEW Common Stock 91288L105 837 9050 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
U S TRUST CORP NEW Common Stock 91288L105 1022 11050 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
U S TRUST CORP NEW Common Stock 91288L105 102 1100 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
U S TRUST CORP NEW Common Stock 91288L105 509 5500 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
UCBH HOLDINGS INC Common Stock 90262T308 97 5400 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
UCBH HOLDINGS INC Common Stock 90262T308 103 5750 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
UCBH HOLDINGS INC Common Stock 90262T308 45 2500 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
UCBH HOLDINGS INC Common Stock 90262T308 69 3850 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
UNION PLANTERS CORP Common Stock 908068109 232 5200 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
UNION PLANTERS CORP Common Stock 908068109 273 6100 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
UNION PLANTERS CORP Common Stock 908068109 105 2350 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
UNION PLANTERS CORP Common Stock 908068109 156 3500 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
WESTERN BANCORP Common Stock 957683105 1087 25000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
WESTERN BANCORP Common Stock 957683105 783 18000 SOLE 0 0 SOLE 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
WESTERN BANCORP Common Stock 957683105 348 8000 SOLE 0 0 SOLE 0 0
===================================================================================================================================
</TABLE>
