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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
BANCWEST CORPORATION
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(Name of Issuer)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
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(Title of Class of Securities)
059790105
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
(A fee is not required only if the filing 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).
*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 the
disclosures provided in a prior cover page.
The information required in 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 1 of 6 pages
SEC 1745 (2-95)
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CUSIP NO. 059790105 SCHEDULE 13G PAGE 2 OF 6 PAGES
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
BANCWEST CORPORATION
99-0156159
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
A DELAWARE CORPORATION
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(5) SOLE VOTING POWER
NUMBER OF 1,000,676.925
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,199,554
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 963,451.925
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(8) SHARED DISPOSITIVE POWER
1,229,519
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,449,298.945
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.8
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(12) TYPE OF REPORTING PERSON*
HC
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 2 OF 6 PAGES
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SCHEDULE G
Item 1(a) Name of Issuer.
BancWest Corporation
Item 1(b) Address of Issuer's Principal Executive Offices.
999 Bishop Street
Honolulu, Hawaii 96813
Item 2(a) Name of Person Filing.
BancWest Corporation
Item 2(b) Address of Principal Business Office or, if none, Residence.
999 Bishop Street
Honolulu, Hawaii 96813
Item 2(c) Citizenship.
A Delaware Corporation
Item 2(d) Title of Class of Securities.
Common Stock, Par Value $1.00 Per Share
Item 2(e) CUSIP Number.
059790105
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check
whether the person filing is a:
(a). [ ] Broker or Dealer registered under Section 15 of the Act
(b). [ ] Bank as defined in section 3(a)(6) of the Act
(c). [ ] Insurance Company as defined in section 3(a)(19) of the Act
(d). [ ] Investment Company registered under section 8 of the Investment
Company Act
(e). [ ] Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f). [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974 or Endowment
Fund; see Rule 240.13d-1(b)(1)(ii)(F)
(g). [X] Parent Holding Company, in accordance with Rule
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h). [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(H)
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Item 4. Ownership.
If the percent of the class owned, as of December 31 of the year covered by
the statement, or as of the last day of any month described in Rule 13d-1(b)(2),
if applicable, exceeds five percent, provide the following information as of
that date and identify those shares which there is a right to acquire.
(a) Amount Beneficially Owned: 2,449,298.945
(b) Percent of Class: 7.8
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 1,000,676.925
(ii) shared power to vote or to direct the vote: 1,199,554
(iii) sole power to dispose or to direct the disposition of:
963,451.925
(iv) shared power to dispose or to direct the disposition of:
1,229,519
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
If any 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, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
If a parent holding company has filed this schedule, pursuant to Rule
13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the
identity and the Item 3 classification of the relevant subsidiary. If a parent
holding company has filed this schedule pursuant to Rule 13d-1(c), attach an
exhibit stating the identification of the relevant subsidiary.
See Exhibit 1.
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Item 8. Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(H), so
indicate under Item 3(h) and attach an exhibit stating the identity and Item 3
classification of each member of the group. If a group has filed this schedule
pursuant to Rule 13d-1(c), attach an exhibit stating the identity of each member
of the group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the
date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members
of the group, in their individual capacity. See Item 5.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 12, 1999
By
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Herbert E. Wolff
Senior Vice President-Secretary
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EXHIBIT 1.
BancWest Corporation (HC) is the parent holding company of First Hawaiian Bank
(BK), a bank.
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