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SCHEDULE 13G
(RULE 13d-102)
Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c)
and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
SOUTHSIDE BANSHARES CORP.
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(Name of Issuer)
Common Stock, $1.00 Par Value
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(Title of Class of Securities)
844 700-10-4
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(CUSIP Number)
October 28, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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).
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CUSIP NO. 844 700-10-4 13G PAGE 2 OF 5 PAGES
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Southside Banshares Corp. Employee Stock Ownership Plan (With 401(k)
Provisions), through Southside Banshares Corp. Employee Stock Ownership
Trust.
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
Missouri
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Number of
5 Sole Voting Power: 1,103,948
Shares
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Beneficially 6 Shared Voting Power: -0-
Owned by -----------------------------------------------------
7 Sole Dispositive Power: 1,103,948
Each
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Reporting 8 Shared Dispositive Power: -0-
Person With
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,103,948
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares* [ ]
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
12.8%
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12 Type of Reporting Person (See Instructions)
EP
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ITEM 1(a) Name of Issuer:
Southside Bancshares Corp. ("Issuer")
ITEM 1(b) Address of Issuer's Principal Executive Offices:
4111 Telegraph, St. Louis, Missouri 63129
ITEM 2(a) Name of Person Filing:
Southside Bancshares Corp. Employee Stock Ownership Plan
(With 401(k) Provisions) (the "Plan"), through Southside
Bancshares Corp. Employee Stock Ownership Trust (the "Trust")
ITEM 2(b) Address of Principal Business Office or, if None, Residence:
4111 Telegraph, St. Louis, Missouri 63129
ITEM 2(c) Citizenship:
Missouri
ITEM 2(d) Title of Class of Securities:
Common Stock, par value $1.00 per share
ITEM 2(e) CUSIP Number:
844 700-10-4
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B) OR (C),
CHECK WHETHER THE PERSON FILING IS A:
(a) |_| Broker or dealer registered under Section 15 of the
Exchange Act.
(b) |_| Bank as defined in section 3(a)(6) of the Exchange
Act.
(c) |_| Insurance company as defined in section 3(a)(19) of
the Exchange Act.
(d) |_| Investment company registered under Section 8 of the
Investment Company Act.
(e) |_| An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E).
(f) |X| An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F).
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(g) |_| A parent holding company or control person, in accordance with Rule
13d-1(b)(1)(ii)(G).
(h) |_| A savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act.
(i) |_| A church plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act.
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box [_]
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
The Plan, through the Trust, beneficially owns
1,103,948 shares of common stock of Issuer. Of such amount,
222,372 shares have not been allocated to the accounts of
participants in the Plan. Participants in the Plan may direct
the voting of shares allocated to their accounts; unallocated
shares and shares as to which no direction is received are
voted by the trustees of the Trust.
(b) Percent of class:
12.8%
(c) Number of shares as to which such person has:
<TABLE>
<CAPTION>
<S> <C>
(i) Sole power to vote or to direct the vote: 1,103,948
(ii) Shared power to vote or to direct the vote: -0-
(iii) Sole power to dispose or to direct the disposition of: 1,103,948
(iv) Shared power to dispose or to direct the disposition of: -0-
</TABLE>
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.
Not applicable.
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ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
ITEM 10. CERTIFICATIONS.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose 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.
October 28, 1999
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Date
SOUTHSIDE BANCSHARES CORP.
EMPLOYEE STOCK OWNERSHIP TRUST
/s/ Thomas M. Teschner
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Thomas M. Teschner, Trustee
/s/ Norville K. McClain
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Norville K. McClain, Trustee
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