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*
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
January 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>
Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
1. Title of 2. Transaction 3. Transaction Code 4. Securities Acquired (A) or 5. Amount of 6. Ownership Form 7. Nature of
Security Date (Instr. 8) Disposed of (D) Securities Direct (D) or Indirect
(Instr. 3) (Month/Day/ (Instr. 3, 4 and 5) Beneficially Indirect (I) Beneficial
Year) Owned at End (Instr. 4) Ownership
of Month (Instr. 4)
(Instr. 3
Code V Amount (A) or (D) Price and 4)
</TABLE>
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Explanation of responses:
<PAGE>
Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
1. Title of 2. Conversion 3. Transaction 4. Transaction 5. Number of 6. Date Exercisable 7. Title and Amount
Derivative or Date Code (Instr. Derivative and Expiration of Underlying
Security Exercise (Month/ 8) Securities Date (Month/Day/ Securities (Instr.
(Instr. 3) Price of Day/Year) Acquired (A) Year) 3 and 4)
Derivative or Disposed
Security of (D) Instr.
3, 4 and 5)
Code V (A) (D) Date Expiration Title Amount
Exercisable Date or
Number
of Shares
Common Stock 0.00 1/26/00 C 2,910,400 (1) (1) Class A 2,910,400
Common
Stock
Class A 0.00 1/26/00 C 2,910,400 (2) (2) Common 2,910,400
Common Stock Stock
Class A 0.00 (2) (2) Common
Common Stock Stock
Common Stock 0.00 1/31/00 P 500,000 (1) (1) Class A 500,000
Common
Stock
8. Price of 9. Number of 10. Ownership 11. Nature
Derivative Derivative Form of Indirect
Security Securities Derivative Beneficial
(Instr.5) Beneficially Security: Ownership
Owned at Direct (D) or (Instr. 4)
end of Month Indirect (I)
(Instr. 4) (Instr. 4)
(1) (D)
(2) 53,459,024 (D)
1,080,912 (I) (3)
USD 16.25 500,000 (D)
</TABLE>
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Explanation of responses: (1) The shares of Common Stock are convertible, at the
option of 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 Banque Nationale de Paris and First
Hawaiian, Inc., dated as of November 1, 1998.
(2) The shares of Class A Common Stock are convertible, at the option of Banque
Nationale de Paris, 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 Banque Nationale de Paris 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
Banque Nationale de Paris.
** 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
- ----------------------------------- -----------------------------------
Jacques Ardant Patrick Saurat
Banque Nationale de Paris French American Banking Corporation
Directeur de Succursale Attache Executive Vice President
Date: February 4, 2000 Date: February 4, 2000
