U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act of
1935 or Section 30(f) of the Investment Company Act of 1940
|_| Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
1. Name and Address of Reporting Person**
BNP Paribas (as successor to Banque Nationale de Paris)
16, Boulevard des Italiens
75009, Paris, France
2. Issuer Name and Ticker or Trading Symbol
BancWest Corporation (BWE)
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
94-1677765
4. Statement for Month/Year
May 2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer
(Check all applicable)
|_| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
7. Individual or Joint/Group Filing (Check applicable line)
|X| Form filed by one Reporting Person
|_| Form filed by more than one Reporting Person
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
<PAGE>
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
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Explanation of Responses:
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 0.00 5/2/00 C 1,534,938 (1) (1) Class A 1,534,938 (1) 0 (D)
Common
Stock
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Class A 0.00 5/2/00 C 1,534,938 (2) (2) Common 1,534,938 (2) 54,993,962 (D)
Common Stock
Stock
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Class A 0.00 (2) (2) Common 1,080,912 (I) (3)
Common Stock
Stock
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</TABLE>
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Explanation of Responses:
(1) The shares of Common Stock are convertible, at the
option of BNP Paribas (as successor to Banque Nationale de Paris), into an
equivalent number of shares of Class A Common Stock in accordance with the terms
described in the Amended and Restated Certificate of Incorporation of the
Issuer, and in the Standstill and Governance Agreement by and between BNP
Paribas and First Hawaiian, Inc., dated as of November 1, 1998.
(2) The shares of Class A Common Stock are convertible, at the option of BNP
Paribas, into an equivalent number of shares of Common Stock in accordance with
the terms described in the Amended and Restated Certificate of Incorporation of
the Issuer, and in the Standstill and Governance Agreement by and between BNP
Paribas and First Hawaiian, Inc., dated as of November 1, 1998.
(3) These shares of Class A Common Stock are held directly by French American
Banking Corporation, an indirect wholly owned subsidiary of BNP Paribas.
** Intentional misstatements or omissions of fact constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Signature of Reporting Person Signature of Reporting Person
/s/ Jacques Ardant /s/ Patrick Saurat
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Jacques Ardant Patrick Saurat
BNP Paribas French American Banking Corporation
Directeur de Succursale Attache Executive Vice President
Date: June 6, 2000 Date: June 6, 2000
