SEC 1746 (12-91)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
SANTA BARBARA BANCORP
- -------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
801233-10-7
- --------------------------------------------------------------------------------
(CUSIP Number)
Jay Donald Smith, Esq.
1021 Anacapa Street
Santa Barbara, CA 93101
(805) 966-9176
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
June 25, 1997
- --------------------------------------------------------------------------------
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
*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
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).
<PAGE>
SCHEDULE 13D
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CUSIP No. 801233-10-7 Page 2 of 20 Pages
- -------------------------- --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Santa Barbara Bank & Trust, as Trustee of the Santa Barbara Bank & Trust
Employees Stock Ownership Plan and Trust
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEMS 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
31,207
NUMBER OF ---------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 729,798
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 761,005
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE
---------------------------------------------------
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
761,005
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.99%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
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<PAGE>
SCHEDULE 13D
- -------------------------- --------------------
CUSIP No. 801233-10-7 Page 3 of 20 Pages
- -------------------------- --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
DONALD M. ANDERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEMS 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
276,753
NUMBER OF ---------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 31,207
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 276,753
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
31,207
---------------------------------------------------
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
307,960
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.04%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------------- --------------------
CUSIP No. 801233-10-7 Page 4 of 20 Pages
- -------------------------- --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
DAVID W. SPAINHOUR
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEMS 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
234,400
NUMBER OF ---------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 31,207
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 234,400
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
31,207
---------------------------------------------------
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
265,607
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.49%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------------- --------------------
CUSIP No. 801233-10-7 Page 5 of 20 Pages
- -------------------------- --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
WILLIAM S. THOMAS, JR.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEMS 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
33,033
NUMBER OF ---------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 31,207
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 33,033
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
31,207
---------------------------------------------------
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
64,240
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.84%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------------- --------------------
CUSIP No. 801233-10-7 Page 6 of 20 Pages
- -------------------------- --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
DONALD E. BARRY
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEMS 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
11,093
NUMBER OF ---------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 31,207
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 11,093
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
31,207
---------------------------------------------------
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,300
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.57%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------------- --------------------
CUSIP No. 801233-10-7 Page 7 of 20 Pages
- -------------------------- --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
DONALD E. LAFLER
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEMS 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
19,212
NUMBER OF ---------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 31,207
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 19,212
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
31,207
---------------------------------------------------
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,419
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.66%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------------- --------------------
CUSIP No. 801233-10-7 Page 8 of 20 Pages
- -------------------------- --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
JOHN J. MCGRATH
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEMS 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
67,066
NUMBER OF ---------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 31,207
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 67,066
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
31,207
---------------------------------------------------
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
98,273
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.29%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------------- --------------------
CUSIP No. 801233-10-7 Page 9 of 20 Pages
- -------------------------- --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
PAULETTE POSCH
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEMS 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
15,488
NUMBER OF ---------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 31,207
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 15,488
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
31,207
---------------------------------------------------
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,695
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.61%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------------- --------------------
CUSIP No. 801233-10-7 Page 10 of 20 Pages
- -------------------------- --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
DAVID RISTIG
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEMS 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
12,765
NUMBER OF ---------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 31,207
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 12,765
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
31,207
---------------------------------------------------
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,972
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.58%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------------- --------------------
CUSIP No. 801233-10-7 Page 11 of 20 Pages
- -------------------------- --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
JAY D. SMITH, ESQ.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEMS 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
84,444
NUMBER OF ---------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 31,207
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 84,444
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
31,207
---------------------------------------------------
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
115,651
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.52%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------------- --------------------
CUSIP No. 801233-10-7 Page 12 of 20 Pages
- -------------------------- --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
KENT M. VINING
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEMS 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
46,393
NUMBER OF ---------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 31,207
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 46,393
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
31,207
---------------------------------------------------
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
77,600
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.02%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
(Amendment No. 7)
<PAGE>
SEC 1746 (12-91)
The Schedule 13D jointly filed by Santa Barbara Bank & Trust and others with
respect to the Santa Barbara Bank & Trust Employee Stock Ownership Plan and
Trust is hereby amended as follows. The Schedule 13D was originally filed on
January 31, 1985 and subsequently was amended by Amendments No. 1, 2, 3, 4, 5
and 6.
Item 1. Security and Issuer.
Common Stock of Santa Barbara Bancorp, a California corporation ("Bancorp"),
whose principal executive offices are located at 1021 Anacapa Street, Santa
Barbara, California 93101.
Item 2. Identity and Background.
The shares of Common Stock of the Company with respect to which this Schedule
13D is being filed are owned of record by Santa Barbara Bank & Trust, as Trustee
of the Santa Barbara Bank & Trust Employee Stock Ownership Plan and Trust (the
"ESOP"). This Schedule 13D is being jointly filed by Santa Barbara Bank & Trust,
as Trustee of the ESOP, and by the members of the Advisory Committee of the
ESOP. The identity and other applicable information about the persons filing
this Schedule 13D are set forth below.
Santa Barbara Bank & Trust, as Trustee
Santa Barbara Bank & Trust
State of Incorporation: California
Principal Business: California State-Chartered Bank
Address of Principal
Business and Offices: 1021 Anacapa Street
Santa Barbara, CA 93101
Officers and Directors of Santa Barbara Bank & Trust, as Trustee
The following information is provided pursuant to General Instruction C with
respect to the Executive Officers and Directors of Bancorp and of Santa Barbara
Bank & Trust, a California corporation (the "Company"). The Company is a wholly
owned subsidiary of Bancorp. All of the following persons, identified as
Directors, are Directors of both the Company and Bancorp.
Name and Address Occupation & Business Address
Donald M. Anderson Director
1021 Anacapa Street Chairman of the Board,
Santa Barbara, CA 93101 Santa Barbara Bancorp
1021 Anacapa Street
Santa Barbara, CA 93101
Frank C. Barranco, M.D. Director
1259 Deer Trail Lane Retired
Solvang, CA 93463
Edward E. Birch, Ph.D. Director
955 La Paz Road Executive Vice President,
Santa Barbara, CA 93108 Westmont College
955 La Paz Road
Montecito, CA 93108
Terrill F. Cox Director
121 N. H Street Attorney
Lompoc, CA 93436 Grossman, Cox & Johnson
121 N. H Street
Lompoc, CA 93436
Richard M. Davis Director
4125 Hidden Oaks Retired
Santa Barbara, CA 93105
Anthony Guntermann Director
816 State Street, Suite 400 Certified Public Accountant,
Santa Barbara, CA 93101 McGowan Guntermann Accountants
816 State Street, Suite 400
Santa Barbara, CA 93101
Dale E. Hanst Director
1421 State Street, Suite B Of Counsel,
Santa Barbara, CA 93101 Reicker, Clough, Pfau & Pyle, LLP
Attorneys at Law
1421 State Street, Suite B
Santa Barbara, CA 93101
Harry B. Powell Director
3593 Padaro Lane Retired
Carpinteria, CA 93013
David W. Spainhour Director
1021 Anacapa Street President, Santa Barbara Bancorp
Santa Barbara, CA 93101 1021 Anacapa Street
Santa Barbara, CA 93101
William S. Thomas, Jr. Director
1021 Anacapa Street President and Chief Executive Officer,
Santa Barbara, CA 93101 Santa Barbara Bank & Trust
1021 Anacapa Street
Santa Barbara, CA 93101
David A. Abts Executive Vice President and
1021 Anacapa Street Director of MIS and Operations
Santa Barbara, CA 93101 Santa Barbara Bank & Trust
1021 Anacapa Street
Santa Barbara, CA 93101
Donald E. Barry Executive Vice President and
1021 Anacapa Street Trust & Investment Services Manager
Santa Barbara, CA 93101 Santa Barbara Bank & Trust
1021 Anacapa Street
Santa Barbara, CA 93101
Donald E. Lafler Senior Vice President and
1021 Anacapa Street Chief Financial Officer
Santa Barbara, CA 93101 Santa Barbara Bank & Trust
1021 Anacapa Street
Santa Barbara, CA 93101
John J. McGrath Senior Vice President and
1021 Anacapa Street Chief Credit Officer
Santa Barbara, CA 93101 Santa Barbara Bank & Trust
1021 Anacapa Street
Santa Barbara, CA 93101
Jay D. Smith, Esq. Senior Vice President and
1021 Anacapa Street General Counsel
Santa Barbara, CA 93101 Santa Barbara Bank & Trust
1021 Anacapa Street
Santa Barbara, CA 93101
Catherine R. Steinke Senior Vice President and
1021 Anacapa Street Director of Human Resources
Santa Barbara, CA 93101 Santa Barbara Bank & Trust
1021 Anacapa Street
Santa Barbara, CA 93101
Kent M. Vining Senior Vice President
1021 Anacapa Street Santa Barbara Bank & Trust
Santa Barbara, CA 93101 1021 Anacapa Street
Santa Barbara, CA 93101
Advisory Committee
The ESOP is administered by an Advisory Committee. The Advisory
Committee has the power to direct the Trustee to vote shares of Common Stock
held by the ESOP to the extent that those shares are not allocated to individual
Participant accounts. As of the date of this Schedule, there are 31,157 shares
of Common Stock held by the ESOP which have not been allocated to individual
Participants' accounts. The following information is provided with respect to
the members of the Advisory Committee.
Name and Address Occupation & Business Address
Donald M. Anderson See above
John J. McGrath See above.
Paulette Posch Vice President and
1021 Anacapa Street Employee Benefits Plan Manager
Santa Barbara, CA 93101 Santa Barbara Bank & Trust
1021 Anacapa Street
Santa Barbara, CA 93101
David Ristig Vice President and
1021 Anacapa Street MIS/Operations Manager
Santa Barbara, CA 93101 Santa Barbara Bank & Trust
1021 Anacapa Street
Santa Barbara, CA 93101
Jay D. Smith, Esq. See above.
David W. Spainhour See above.
William S. Thomas, Jr. See above.
Donald E. Barry See above.
Donald E. Lafler See above.
Kent M. Vining See above.
(d) During the last five years, neither Bancorp nor any of the persons named
above has been convicted in a criminal proceeding (excluding traffic violations
and similar misdemeanors).
(e) During the last five years, neither Bancorp nor any of the persons
named above was a party to any proceeding or is or was subject to any judgment,
decree or final order of the type described in paragraph (e) of Item 2 of the
Instructions.
(f) All of the above named natural persons are citizens of the
United States.
Disclaimer
Each of the members of the Advisory Committee named above disclaims any
beneficial ownership of the shares of Common Stock held in the ESOP, except only
to the extent that such individual is a Participant in the ESOP and such shares
have been allocated to such individual's Participant's account. Further, each of
the persons jointly filing this Schedule expressly disaffirms and disclaims
membership in any group of persons who have acted or have agreed to act together
for the purposes of acquiring, holding, voting or disposing of Common Stock of
Bancorp.
Item 3. Source and Amount of Funds or Other Consideration.
ESOP Purchases of Santa Barbara Bancorp Stock in 1997
Date of Purchase Shares Share Price Dollar Value
March 24, 1997 2,000 $30.625 $61,250
April 8, 1997 17,200 $30.375 $522,450
April 21, 1997 10,000 $32.000 $320,000
April 30, 1997 470 $31.875 $14,981
May 6, 1997 952 $33.875 $32,249
June 25, 1997 40,000 $41.3125 $1,625,550
On June 25, 1997, the ESOP purchased 40,000 shares of Bancorp's Common Stock
from the Donald M. Anderson 1997 Charitable Remainder Unitrust U/T/A 5-30-97 for
an aggregate purchase price of $1,652,500 ($41.3125 per share).
The funds used by the ESOP to purchase the shares described above were
contributed to the ESOP by the Company from its general operating revenues.
After giving effect to the transactions described above, the ESOP holds a total
of 760,955 shares of Common Stock. The foregoing number of shares reflects the
3-for-2 stock split of Bancorp's Common Stock that was effective January 24,
1996.
Item 4. Purpose of Transaction.
The foregoing shares of Bancorp's Common Stock were acquired by the ESOP to be
held in the ESOP for the benefit of the employees of the Company. None of the
reporting persons has any present plans which relate to or would result in any
transaction of the type described in clauses (a) through (j) of Item 4 of the
Instructions.
Item 5. Interest in Securities of the Issuer.
(a) The following table sets forth the number of shares of Common Stock of
Bancorp beneficially owned by (including shares over which options exist which
may be exercised within 60 days of the date of this Schedule) and the percentage
of ownership of (i) the Company, as Trustee of the ESOP, (ii) each of the
Executive Officers and Directors of the Trustee, and (iii) each of the members
of the Advisory Committee of the ESOP.
NUMBER OF
NUMBER OF SHARES
SHARES WITH
WITH SOLE OPTION SHARED TOTAL PERCENT OF
PERSON POWER (1) SHARES (2) POWER (3) SHARES (4) CLASS (5)
Santa Barbara Bank 31,207 729,798 761,005 9.99%
& Trust, as or
Trustee of the 10.00%
Santa Barbara Bank
& Trust Employees
Stock Ownership
Plan and Trust
Donald M. Anderson 236,001 40,752 31,207 307,960 4.04%
Frank C. Barranco 17,236 1,799 0 19,085 0.24%
Edward E. Birch 13,390 11,113 0 24,553 0.32%
Terrill F. Cox 500 0 0 500 0.01%
Richard M. Davis 18,975 899 0 19,874 0.26%
Anthony Guntermann 27,870 7,960 0 35,880 0.47%
Dale E. Hanst 46,770 12,223 0 59,043 0.77%
Harry B. Powell 12,373 2,979 0 15,402 0.20%
David W. Spainhour 231,314 3,086 31,207 265,607 3.49%
William S. Thomas, 33 33,000 31,207 64,240 0.84%
Jr.
David A. Abts 19,297 12,008 0 31,355 0.41%
Donald E. Barry 2,543 8,500 31,207 42,300 0.57%
Donald E. Lafler 8,683 10,529 31,207 50,419 0.66%
John J. McGrath 33,055 34,011 31,207 98,273 1.29%
NUMBER
NUMBER OF OF
SHARES SHARES
WITH SOLE OPTION WITH TOTAL PERCENT OF
PERSON POWER (1) SHARES (2) SHARED SHARES (4) CLASS (5)
POWER (3)
Paulette Posch 13,939 1,549 31,207 46,695 0.61%
David Ristig 5,526 7,239 31,207 43,972 0.58%
Jay D. Smith, Esq. 57,228 27,216 31,207 115,651 1.52%
Catherine R. 133 5,500 0 5,633 0.07%
Steinke
Kent M. Vining 18,144 28,249 31,207 77,600 1.02%
(1) Each of the above named individuals owns outright and possesses sole power
to vote and to direct the disposition of these shares.
(2) This column discloses shares subject to presently exercisable options held
by the named persons which are exercisable within 60 days of the date of this
Schedule.
(3) This column represents shares over which the named persons possess shared
power of disposition. Namely, these are the shares held in the ESOP and over
which members of the Advisory Committee have the power of disposition. The named
persons disclaim any beneficial ownership in any securities held by the ESOP,
except to the extent that such persons are Participants in the ESOP and shares
held by the ESOP have been allocated to such persons' individual accounts (as to
such shares that have been allocated to such persons' individual accounts, the
named persons possess voting power, but do not possess investment control or
power of disposition over such shares). As to the Company, as Trustee of the
ESOP, the Company has power, at the direction of the Advisory Committee, to vote
shares that have not been allocated to individual Participants' accounts and the
ultimate power of disposition of shares held in the ESOP.
Of the individuals named above, the following are Participants in the ESOP and
the following number of shares have been allocated to their individual accounts:
Donald M. Anderson 24,222
David A. Abts 5,354
Donald E. Barry 43
Donald E. Lafler 3,923
John J. McGrath 18,591
Paulette Posch 7,305
David Ristig 3,072
Jay D. Smith, Esq. 14,748
David W. Spainhour 25,047
Catherine R. Steinke 133
William S. Thomas, Jr 33
Kent M. Vining 18,129
(4) This column represents the total of columns 1 through 3, above.
(5) In computing the number of shares of Common Stock of Bancorp outstanding,
all options reported in column 2 have been treated as exercised and the shares
underlying such options have been treated as issued and outstanding. On that
basis, as of the date of this Schedule, there are 7,614,591 shares actually
outstanding, options covering a total of 248,612 shares are deemed outstanding
and a total of 7,863,203 shares are deemed outstanding. Shares covered by
outstanding options have not been included as outstanding shares for purposes of
computing the percent of class held by the Trustee.
(6) In addition to the transactions described in Item 3 above, since the filing
of Amendment No. 6 to the Schedule 13D, (i) certain of the reporting persons
acquired additional shares of Common Stock of Bancorp and/or options on shares
of Common Stock of Bancorp under one or more of the Company's stock option plans
and (ii) certain of the reporting persons disposed of shares of Common Stock of
Bancorp for their own account. These transactions, which are reflected in the
above Table, did not result in a material change in the percentage ownership of
the reporting persons, either individually or in the aggregate.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits
The following Exhibits are attached:
(a) Consent relating to the joint filing of this Schedule 13D.
<PAGE>
SEC 1746 (12-91)
SIGNATURES
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.
SANTA BARBARA BANK & TRUST, as Trustee of the Santa
Barbara Bank & Trust Employee Stock Ownership Plan
and Trust
By:
Date William S. Thomas, Jr., President
MEMBERS OF THE ADVISORY COMMITTEE:
Date Donald M. Anderson
Date David W. Spainhour
Date William S. Thomas, Jr.
Date Donald E. Barry
Date Donald E. Lafler
Date John J. McGrath
Date Paulette Posch
Date David Ristig
Date Jay D. Smith, Esq.
Date Kent M. Vining
<PAGE>
CONSENT TO JOINT FILING OF SCHEDULE 13D
Each of the undersigned consents and agrees to the filing of a Joint Statement
on Schedule 13D pursuant to Rule 13d-1(f)(iii) pertaining to the shares of
Common Stock of Santa Barbara Bancorp held by the Santa Barbara Bank & Trust
Employee Stock Ownership Plan and Trust.
SANTA BARBARA BANK & TRUST, as Trustee of the Santa
Barbara Bank & Trust Employee Stock Ownership Plan
and Trust
By:
Date William S. Thomas, Jr., President
Date Donald M. Anderson
Date David W. Spainhour
Date William S. Thomas, Jr.
Date Donald E. Barry
Date Donald E. Lafler
Date John J. McGrath
Date Paulette Posch
Date David Ristig
Date Jay D. Smith, Esq.
Date Kent M. Vining
Exhibit A
