[.TX] 1-8
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.)*
BA MERCHANT SERVICES, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
055239-10-7
- --------------------------------------------------------------------------------
(CUSIP Number)
Cheryl Sorokin, Group Executive Vice President and Corporate Secretary
Bank of America National Trust and Savings Association
555 California Street, 6th Floor
San Francisco, California 94104
(415) 622-2091
- --------------------------------------------------------------------------------
(Name, Address and Telephne Number of Person
Authorized to Receive Notices and Communications)
With a copy to:
James C. Olson
Pillsbury Madison & Sutro LLP
P. O. Box 7880
San Francisco, CA 94120
(415) 983-1000
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*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).
(Continued on following page(s))
Page 1 of 8 Pages
<PAGE>
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CUSIP No. 055239-10-7
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1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS:
BANKAMERICA CORPORATION
I.R.S. NUMBER: 94-1681731
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
_
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0- (See Item 4)
SHARES ---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 30,200,000 (see Item 4)
REPORTING ---------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH
-0- (See Item 4)
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
30,200,000 (See Item 4)
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
30,200,000 (See Item 4)
- -------------------------------------------------------------------------------
10 CHECK BOX 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)
Approximately 65.2%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC
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Page 2 of 8 Pages
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No. 055239-10-7
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS:
BANKAMERICA OF AMERICA NATIONAL TRUST & SAVINGS ASSOCIATION
I.R.S. NUMBER: 94-1687665
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
_
(a) |_|
(b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 30,200,000 (See Item 4)
SHARES ---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH -0- (see Item 4)
REPORTING ---------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH
30,200,000 (See Item 4)
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0- (See Item 4)
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
30,200,000 (See Item 4)
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
_
|_|
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 65.2%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
BK
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Page 3 of 8 Pages
<PAGE>
Item 1. Information Regarding Issuer.
- ------- -----------------------------
(a) Name of Issuer:
BA Merchant Services, Inc.
(b) Address of Issuer's Principal Executive Offices:
One South Van Ness Avenue, San Francisco, California 94103.
Item 2. Information Regarding Persons Filing and Issuer's Securities.
- ------- -------------------------------------------------------------
(a) Name of Persons Filing:
BankAmerica Corporation ("BankAmerica") and Bank of America
National Trust and Savings Association ("BofA"), a wholly-owned
Subsidiary of BankAmerica.
(b) Address of Principal Business Office or, if none, Residence:
The principal business offices of each of BofA and BankAmerica
are located at 555 California Street, San Francisco,
California 94104.
(c) Citizenship or Place of Organization:
BofA is a national banking association established under the laws
of the United States of America, and BankAmerica is a Delaware
corporation.
(d) Title of Class of Securities to which this Schedule 13G relates:
The class of securities to which this statement relates is the
Class A Common Stock, par value $.01 per share, of the Issuer.
BofA currently holds Class B Common Stock, par value $.01 per
share, of the Issuer ("Class B Common Stock"), which Class B
Common Stock is convertible into Class A Common Stock.
(e) CUSIP Number:
055239-10-7
Item 3.
- -------
Not applicable.
Item 4. Ownership.
- ------- ----------
(a) Amount of Common Stock Beneficially Owned:
BofA is a wholly-owned subsidiary of BankAmerica and is the record
owner of 30,200,000 shares of the Issuer's Class B Common Stock,
which represented 100% of the Class B Common Stock outstanding at
December 31, 1996. Shares of Class B Common Stock are convertible
into an equal number of shares of Class A Common Stock upon the
occurrence of certain events as described in the Issuer's
Certificate of Incorporation. Thus, BofA is deemed for reporting
purposes to beneficially own 30,200,000 shares of Class A Common
Stock of the Issuer. BankAmerica may be deemed for reporting
purposes to beneficially own the shares beneficially owned by
BofA. On December 3, 1996, BofA transferred the assets and
liabilities of the business now known as BA Merchant Services,
Inc. in exchange for 30,200,000 shares of Class B Common Stock.
Page 4 of 8 Pages
<PAGE>
(b) Percent of Class:
Approximately 65.2%
The Class A Common Stock and the Class B Common Stock generally
vote as a single class, in which case the Class B Common Stock
accounts for approximately 94.9% of the combined voting power of
the two classes.
(c) Number of shares of Common Stock as to which the Persons Filing
have (see Item 4(a)):
(i) sole power to vote or to direct the vote:
----------------------------------------
BankAmerica: 0
BofA: 30,200,000
(ii) shared power to vote or to direct the vote:
------------------------------------------
BankAmerica: 30,200,000
BofA: 0
(iii) sole power to dispose or direct the disposition of:
--------------------------------------------------
BankAmerica: 0
BofA: 30,200,000
(iv) shared power to dispose or direct the disposition of:
----------------------------------------------------
BankAmerica: 30,200,000
BofA: 0
Item 5. Ownership of Five Percent or Less of a Class.
- ------- -------------------------------------------------------
Not applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
- ------- ---------------------------------------------------------------
Not applicable.
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.
Page 5 of 8 Pages
<PAGE>
Item 10. Certification.
- -------- -------------
Not applicable.
Page 6 of 8 Pages
<PAGE>
SIGNATURES
----------
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.
Dated: March 14, 1997
BANKAMERICA CORPORATION
By: /s/CHERYL SOROKIN
-------------------------------------
Cheryl Sorokin
Executive Vice President and
Corporate Secretary
Page 7 of 8 Pages
<PAGE>
EXHIBIT A
AGREEMENT AS TO JOINT FILING OF SCHEDULE 13G
In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, the
parties named below agree to the joint filing, on behalf of each of them, of a
Statement on Schedule 13G (including amendments thereto) with respect to the
Class A Common Stock of BA Merchant Services, Inc. and also agree that this
Joint Filing Agreement be included as an Exhibit to such filings. In evidence
thereof, the undersigned hereby execute this Agreement as of March 14, 1997.
BANKAMERICA CORPORATION
By: /s/ CHERYL SOROKIN
------------------------------------
Cheryl Sorokin
Executive Vice President and
Corporate Secretary
BANK OF AMERICA NATIONAL TRUST AND
SAVINGS ASSOCIATION
By: /s/ CHERYL SOROKIN
------------------------------------
Cheryl Sorokin
Group Executive Vice President
and Corporate Secretary
Page 8 of 8 Pages
