SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 2)*
Imperial Bancorp
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(Name of Issuer)
Common Shares
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(Title of Class of Securities)
452556-10-3
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(CUSIP Number)
Phillip M. Bardack
16633 Ventura Boulevard
Suite 510
Encino, CA 91436
(818) 784-3552
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 9, 1999
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(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
schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the
following box |_|.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) 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
CUSIP No. 452556-10-3 Page 2 of 9 Pages
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1 NAME OF REPORTING PERSON
Graziadio Family Trust
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
95-6556063
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)(a)|_| (b)|X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
WC
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)|_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
California, U.S.A.
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7 SOLE VOTING POWER
3,015,134
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 3,015,134
EACH
REPORTING --------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 3,015,134
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,015,134
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,015,134
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.3%
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14 TYPE OF REPORTING PERSON (See Instructions)
00
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<PAGE>
CUSIP No. 452556-10-3 Page 3 of 9 Pages
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1 NAME OF REPORTING PERSON
Philip M. Bardack
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)(a)|_| (b)|X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)|_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
3,606
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 3,015,134
EACH
REPORTING --------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 3,606
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,015,134
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,018,740
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.3%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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<PAGE>
CUSIP No. 452556-10-3 Page 4 of 9 Pages
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1 NAME OF REPORTING PERSON
Stevan R. Calvillo
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)(a)|_| (b)|X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
00
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)|_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
18,650
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 3,015,134
EACH
REPORTING --------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 18,650
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,015,134
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,033,784
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)|X|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.3%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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<PAGE>
CUSIP No. 452556-10-3 Page 5 of 9 Pages
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1 NAME OF REPORTING PERSON
William R. Lang
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)(a)|_| (b)|X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
00
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)|_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
0
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 3,015,134
EACH
REPORTING --------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,015,134
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,015,134
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.3%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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<PAGE>
INTRODUCTION
This Amendment No. 2 relates to the Schedule 13D filed on behalf of the
Graziadio Family Trust (the "Trust") with the Securities and Exchange
Commission on April 2, 1981, and Amendment No. 1 thereto filed on behalf of
the Trust and Phillip M. Bardack, Lee Harrington and Robert C. Muehlenbeck,
as Trustees, on March 23, 1988. Items 2 through 5 of the Schedule 13D and
Amendment No. 1 are amended and supplemented as follows:
ITEM 2. IDENTITY AND BACKGROUND.
(a) This filing is made by Phillip M. Bardack, Stevan R.
Calvillo and William R. Lang, as the current Trustees of
the Trust (collectively the "Trustees"). This filing is not
an acknowledgment that the Trustees individually or
collectively possess beneficial ownership of the Imperial
Bancorp Common Stock (the "Stock") owned by the Trust. The
Trustees, as individuals specifically disclaim beneficial
ownership of the Stock held by the Trust.
(b) Communications regarding the Trust and the Trustees should be
addressed to:
c/o Phillip M. Bardack, Trustee
16633 Ventura Blvd., Suite 510
Encino, California 91436-1807
Tel: (818) 990-1125
Fax: (818) 784-3552
The addresses of the individuals (Trustees) are as follows:
Phillip M. Bardack, C.P.A.
16633 Ventura Blvd., Suite 510
Encino, California 91436-1807
Stevan R. Calvillo
Calvillo & Rendon LLP, Lawyers
200 Oceangate, Suite 430
Long Beach, CA 90802-4327
William R. Lang, C.P.A.
Balser, Horowitz, Frank & Wakeling,
An Accountancy Corporation
3000 West McArthur Blvd., Suite 600
Santa Ana, CA 92704
(c) The filing individuals make this filing solely in their
capacities as Trustees of the Trust, the direct beneficiaries of
which are parties
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unrelated to the Trustees. The Trustees have not formed a group
or other organization with regard to ownership of the Stock. See
Item 2(a) above.
(d) No such convictions.
(e) No such proceedings.
(f) The filing individuals are citizens of the United States. The
Trust was formed under the laws of the State of California.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The Trust has purchased an additional 809,350 shares of the Stock.
Funds used for these purchases were borrowed on margin from the
Trust's brokerage account.
From time to time the Trust has purchased shares of the Stock in the
open market through broker-dealers and intends to sell from time to
time as market conditions warrant. Funds used for these purchases
were working capital of the Trust. The purchases on margin were made
pursuant to the broker-dealer standard forms, terms and conditions.
ITEM 4. PURPOSE OF TRANSACTION.
The acquisition of the shares reported hereby was made for the
purpose of enhancing the Trust investment portfolio. From time to
time, the Trust has purchased in the open market or otherwise and
may, from time to time purchase or sell shares of the Stock.
However, the reporting persons have no current plans or proposals
which would relate to or result in any of the actions enumerated at
Item 4 of Schedule 13D.
The undersigned make this filing in recognition of their shared
voting and dispositive power with respect to the shares held by the
Trust. Except as to actions taken by them jointly with respect to
Imperial Bancorp's securities on behalf of the Trust, each of the
undersigned expressly disclaims membership in and existence of a
group. The undersigned, and each of them, disclaim beneficial
ownership of all shares held by the Trust.
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<PAGE>
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The persons named in Item 2 are beneficial owners of the
outstanding stock as follows:
Aggregate Number of Shares
Name Beneficially Owned Percentage
---- ------------------ ----------
Graziadio Family Trust 3,015,134 7.3%
Phillip M. Bardack 3,018,740 7.3%
Stevan R. Calvillo 3,033,784 7.3%
William R. Lang 3,015,134 7.3%
The shares beneficially owned by Mr. Calvillo exclude approximately
300,000 shares beneficially owned by Mr. Calvillo's wife.
(b)
GRAZIADIO
FAMILY PHILLIP M. STEVAN R.
TRUST BARDACK CALVILLO WILLIAM R. LANG
----- ------- -------- ---------------
SOLE POWER TO VOTE/
DIRECT VOTE 3,015,134 3,606 18,650 0
SHARED POWER TO
VOTE/ DIRECT VOTE 3,015,134 3,015,134 3,015,134 3,015,134
SOLE POWER TO
DISPOSE/DIRECT
DISPOSITION 3,015,134 3,606 18,650 0
SHARED POWER TO
DISPOSE/DIRECT
DISPOSITION 3,015,134 3,015,134 3,015,134 3,015,134
(c) During the last 60 days, the Trust acquired beneficial
ownership of 908,350 shares of Imperial Bancorp. During this
time the Trust purchased shares of the Stock in the open
market through a broker-dealer as follows (price excluding
commissions):
Date Shares Purchased Price Per Share
---- ---------------- ---------------
November 8, 1999 200,000 $24
November 9, 1999 221,100 $24
November 9, 1999 5,000 $24 11/16
November 9, 1999 4,000 $23 13/16
November 9, 1999 100 $24 5/8
November 12, 1999 98,000 $25
November 12, 1999 1,000 $24 3/4
November 12, 1999 1,000 $24 11/16
November 17, 1999 3,100 $26
November 18, 1999 25,000 $26
November 18, 1999 1,500 $25 5/8
November 18, 1999 23,500 $25 3/4
November 23, 1999 2,000 $23 1/2
November 23, 1999 6,250 $23 3/4
November 24, 1999 5,000 $24 1/4
November 24, 1999 5,000 $24 1/8
November 29, 1999 4,000 $23 3/8
November 29, 1999 5,000 $23 1/4
November 29, 1999 5,000 $23 1/4
December 1, 1999 10,000 $24
December 1, 1999 100 $23 7/8
December 3, 1999 20,000 $25 1/16
December 13, 1999 5,000 $21 1/2
December 13, 1999 10,000 $21 1/4
December 13, 1999 23,500 $21 9/16
December 13, 1999 1,500 $21 5/8
December 14, 1999 3,600 $21 5/8
December 14, 1999 1,000 $21 11/16
December 15, 1999 5,500 $22 11/16
December 15, 1999 1,500 $22 3/4
December 15, 1999 7,500 $22 13/16
December 15, 1999 5,000 $22 5/8
December 15, 1999 5,000 $23
December 16, 1999 2,900 $22 5/8
December 16, 1999 10,000 $22 15/16
December 17, 1999 25,000 $23 1/8
December 17, 1999 12,000 $23 5/8
December 17, 1999 25,000 $23
December 17, 1999 5,000 $23 1/4
December 17, 1999 14,700 $23 11/16
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TOTAL 809,350
Other than the above, none of the reporting persons
individually has traded in the Company's stock during the
relevant period preceding this filing or that acquisition.
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<PAGE>
(d) The Trust, as owner of all shares disclosed herein, will receive
all dividends from and shall, at such time as the securities are
sold, receive all proceeds from the sale of all shares of the
issuer's stock held by it.
(e) Not applicable.
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: December 29, 1999
GRAZIADIO FAMILY TRUST
By: /s/ Phillip M. Bardack
---------------------------
Phillip M. Bardack, Trustee
By: /s/ Stevan R. Calvillo
---------------------------
Stevan R. Calvillo, Trustee
By: /s/ William R. Lang
-------------------------
William R. Lang, Trustee
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