SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 2 TO
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
INTERNATIONAL BANCSHARES CORPORATION
(Name of Issuer)
Common Stock, $1.00 Par Value
(Title of Class of Securities)
459044 103
(CUSIP Number)
Cary Plotkin Kavy
Cox & Smith Incorporated
112 E. Pecan, Suite 1800
San Antonio, Texas 78205
(210) 554-5500
(Name, Address and Telephone Number
of Person authorized to Receive
Notices and Communications)
August 7, 1996
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
form because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the reporting person (i) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1 and (ii) has filed no amendment subsequent
thereto reporting beneficial ownership of less than five percent of such class.
See Rule 13d-7.)
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CUSIP No. 459044 103
1. Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons:
ALICIA M. SANCHEZ
2. Check the Appropriate Box if a Member of a Group
(See Instructions) (a) ______ (b) X
3. SEC Use Only
4. Source of Funds (See Instructions) N/A
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
6. Citizenship or Place of Organization UNITED STATES
7. Sole Voting Power 1,619,301
Number of Shares
Beneficially Owned by 8. Shared Voting Power N/A
Each Reporting Person
With: 9. Sole Dispositive Power 1,619,301
10. Shared Dispositive Power N/A
11. Aggregate Amount Beneficially Owned by Each
Reporting Person 1,619,301
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
13. Percent of Class Represented by Amount in Row (11) 18.51%
14. Type of Reporting Person (See Instructions) IN
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THIS AMENDMENT NO. 2 TO SCHEDULE 13D STATEMENT (THE "AMENDED STATEMENT")
RELATING TO COMMON STOCK, PAR VALUE $1.00 PER SHARE (THE "COMMON STOCK"), OF
INTERNATIONAL BANCSHARES CORPORATION, A DELAWARE CORPORATION (THE "ISSUER"), IS
FILED AS AN AMENDMENT TO THE ORIGINAL SCHEDULE 13D, AS AMENDED, OF THE PERSON
REPORTING HEREUNDER (THE "STATEMENT") AND SHOULD BE READ IN CONJUNCTION
THEREWITH. THE STATEMENT IS AMENDED ONLY TO THE EXTENT PROVIDED HEREIN.
CUSIP No. 459044 103
ITEM 1. SECURITY AND ISSUER.
This statement relates to the Common Stock, par value $1.00 per share
("Common Stock"), of International Bancshares Corporation, a Delaware
corporation (the "Issuer"). The Common Stock is registered under Section 12(g)
of the Securities Exchange Act of 1934.
The address of the principal executive offices of the Issuer is 1200 San
Bernardo Avenue, P. O. Drawer 1359, Laredo, Texas 78042-1359.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is being filed on behalf of Alicia M. Sanchez ("Mrs.
Sanchez"). By reason of her appointment by Letters Testamentary dated May 11,
1992, Mrs. Sanchez, as Independent Executrix of the Estate of Antonio R.
Sanchez, Sr. ("Mr. Sanchez"), became the beneficial holder of 552,727 shares of
Common Stock of the Issuer which shares represented 19.81% of the outstanding
shares of Common Stock of the Issuer on that date. On August 4, 1993, in
connection with the distribution of the Estate of Mr. Sanchez, the nature of
Mrs. Sanchez' beneficial ownership of such shares changed, as described in the
Amendment No. 1 to Schedule 13D filed August 12, 1993, due to the disposition of
certain of the shares from the Estate of Mr. Sanchez to various trusts, for
which Mrs. Sanchez is sole trustee.
On August 7, 1996, Mrs. Sanchez' beneficial ownership of such shares
changed again when Mrs. Sanchez formed a Texas family limited partnership,
SANTIG, Ltd. (the "Partnership"), as part of her estate planning activities. In
connection with the formation of the Partnership, Mrs. Sanchez, in her capacity
as sole trustee and beneficiary of the Sanchez Spousal Trust, caused the trust
to contribute 335,000 shares of Common Stock of the Issuer as partial
consideration for the receipt of a limited partnership interest in the
Partnership, as further described in Item 5 below.
Mrs. Sanchez caused 21,215 shares of Common Stock of the Issuer to be
transferred from the Sanchez Spousal Trust to the George Sanchez Non-Exempt
Trust in December 1993. In the interim since the previous Schedule 13D filing,
due to various stock dividends and repurchases by the Issuer, the aggregate
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number of shares of Common Stock of the Issuer beneficially held by Mrs. Sanchez
was adjusted to its current amount of 1,619,301 shares, or 18.51% of the shares
of Common Stock of the Issuer outstanding at August 31, 1996. The residence
address for Mrs. Sanchez is 2119 Guerrero Street, Laredo, Texas 78040.
Mrs. Sanchez is not employed.
During the last five (5) years, Mrs. Sanchez has not been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors), nor
has she been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction, as a result of which, she was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
Mrs. Sanchez is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
No change.
ITEM 4. PURPOSE OF TRANSACTION.
No change.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Mrs. Sanchez, as Independent Executrix and in her individual capacity,
beneficially owned a total of 829,088 shares of Common Stock of the Issuer as of
May 11, 1992, which constituted 19.81% of the Issuer's issued and outstanding
Common Stock as of that date. As described in Amendment No. 1 to Schedule 13D,
filed August 12, 1993, Mrs. Sanchez' interest in the shares changed on August 4,
1993 due to the disposition of certain of the shares from the Estate of Mr.
Sanchez to various trusts, for which Mrs. Sanchez was sole trustee. Mrs. Sanchez
caused 21,215 shares of Common Stock of the Issuer to be transferred from the
Sanchez Spousal Trust to the George Sanchez Non-Exempt Trust in December 1993.
As described in Item 3 above, the nature of Mrs. Sanchez' interest in the shares
changed again in August 1996 due to transfers of securities from one of such
trusts to a Texas family limited partnership for estate planning purposes. The
current interest of Mrs. Sanchez in the securities is described below:
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Common Stock Percentage
Holder Held Ownership
------ --------- -----
Sanchez Spousal Trust (1) .......................... 638,197 7.29%
Sanchez Marital Trust (1) .......................... 329,356 3.76%
Iris Sanchez Stewart Non-Exempt Trust (2) .......... 17,512 0.20%
Iris Sanchez Stewart Exempt Trust (2) .............. 29,472 0.34%
George Sanchez Non-Exempt Trust (2) ................ 46,987 0.54%
1988 Spendthrift Trust (2) ......................... 222,777 2.55%
SANTIG, Ltd.(3) .................................... 335,000 3.83%
--------- -----
TOTAL: .........1,619,301 18.51%
- ---------------
(1) Mrs. Sanchez is the sole trustee and beneficiary of the indicated trust.
(2) Mrs. Sanchez is the sole trustee of the indicated trust, and a member of her
immediate family not residing with her is the beneficiary of the trust.
(3) Mrs. Sanchez is the Managing General Partner of, and has a 1% general
partner interest in, the indicated limited partnership. The Sanchez Spousal
Trust and Sanchez Marital Trust hold 66.39% and 31.71% limited partnership
interests, respectively, of the indicated limited partnership.
Mrs. Sanchez has the sole power to vote or to direct the vote and to dispose or
to direct the disposition of these shares.
No other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, the
shares of Common Stock of the Issuer beneficially owned by Mrs. Sanchez.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
No contracts, arrangements, understandings or relationships (legal or
otherwise) exist between Mrs. Sanchez and any person with respect to the Common
Stock of the Issuer, including but not limited to transfer or voting of any of
the securities, finder's fees, joint ventures, loan or option arrangements, put
or calls, guarantees of profits, division of profit or loss, or the giving or
withholding of proxies. None of the securities beneficially owned by Mrs.
Sanchez are pledged.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
No material is required to be filed as an exhibit hereto.
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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.
Date: October 4, 1996
/s/ ALICIA M. SANCHEZ
Alicia M. Sanchez
ATTENTION:
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
