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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
BANPONCE CORPORATION
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(Name of Issuer)
COMMON
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(Title of Class of Securities)
066704-10-7
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(CUSIP Number)
Check the following box if a fee is being paid with this statement. (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7)
*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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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Banco Popular as Trustee for the Banco Popular de P. R. Profit Sharing
Plan TIN #66-6010015
2 Check the Appropriate Box if a Member of A Group*
(a) (b)
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3 SEC Use Only
4 Citizenship or Place of Organization
San Juan, Puerto Rico
Number of 5 Sole Voting Power
Shares 1,330,348
Beneficially 6 Shared Voting Power
Owned by
Each 7 Sole Dispositive Power
Reporting 1,330,348
Person
With 8 Shared Dispositive Power
9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,330,348 as of 12-31-95
10 Check Box if the Aggregate Amount in row (9) Excludes Certain Shares*
11 Percent of Class Represented by Amount in Row 9
4.044%
12 Type of Reporting Person* EP
* SEE INSTRUCTION BEFORE FILING OUT
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CUSIP NO. 066704-10-7 13G Page 3 of 6 Pages
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Banco Popular as Trustee for the Banco Popular de P. R. Retirement
Plan TIN #66-6010016
2 Check the Appropriate Box if a Member of A Group*
(a) (b)
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3 SEC Use Only
4 Citizenship or Place of Organization
San Juan, Puerto Rico
Number of 5 Sole Voting Power
Shares 1,418,215
Beneficially 6 Shared Voting Power
Owned by
Each 7 Sole Dispositive Power
Reporting 1,418,215
Person
With 8 Shared Dispositive Power
9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,418,215 as of 12-31-95
10 Check Box if the Aggregate Amount in row (9) Excludes Certain Shares*
11 Percent of Class Represented by Amount in Row 9
4.311%
12 Type of Reporting Person* EP
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INSTRUCTIONS FOR SCHEDULE 13G
Instructions for Cover Page
(1) Names and Social Security Numbers of Reporting Persons-Furnish the full
legal name of each person for whom the report is filed-i.e., each person
required to sign the schedule itself-including each member of a group. Do
not include the name of a person required to be identified in the report
but who is not a reporting person. Reporting persons are also requested
to furnish their Social Security or I.R.S. identification numbers,
although disclosure of such numbers is voluntary, not mandatory (see
"SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G" below).
(2) If any of the shares beneficially owned by a reporting person are held as
a member of a group and such membership is expressly affirmed, please
check row 2(a). If the membership in a group is disclaimed or the
reporting person describes a relationship with other persons but does not
affirm the existence of a group, please check row 2(b) (unless a joint
filing pursuant to Rule 13d-1(e)(1) in which case it may not be necessary
to check row 2(b)).
(3) The third row is for SEC internal use; please leave blank.
(4) Citizenship or Place of Organization - Furnish citizenship if the named
reporting person is a natural person. Otherwise, furnish place of
organization.
(5)- (9),(11)Aggregate Amount Beneficially Owned By Each Reporting Person,
Etc. - Rows (5) through (9) inclusive, and (11) are to be completed in
accordance with the provisions of Item 4 of Schedule 13G. All percentages
are to be rounded off to the nearest tenth (one place after decimal
point).
(10) Check if the aggregate amount reported as beneficially owned in row (9)
does not include shares as to which beneficial ownership is disclaimed
pursuant to Rule 13d-4 (17 CFR 240,13d-4) under the Securities Exchange
Act of 1934.
(12) Type of Reporting Person-Please classify each "reporting person"
according to the following breakdown (see Item 3 of Schedule 13G) and
place the appropriate symbol on the form:
<TABLE>
<S> <C>
CATEGORY SYMBOL
Broker Dealer BD
Bank BK
Insurance Company IC
Investment Company IV
Investment Adviser IA
Employee Benefit Plan, Pension Fund,
or Endowment Fund EP
Parent Holding Company HC
Corporation CO
Partnership PN
Individual IN
Other OO
</TABLE>
Notes:
Attach as may copies of the second part of the cover page as are needed,
one reporting person per page. Filing persons may, in order to avoid
unnecessary duplication, answer items on the schedules (Schedule 13D, 13G
or 14D-1) by appropriate cross references to an item or items on the cover
page(s). This approach may only be used where the cover page item or
items provide all the disclosure required by the schedule item. Moreover,
such a use of a cover page item will result in the item becoming a part of
the schedule and accordingly being considered as "filed" for purposes of
Section 18 of the Securities Exchange Act or otherwise subject to the
liabilities of that section of the Act.
Reporting persons may comply with their cover page filing requirements by
filing either completed copies of the blank forms available from the
Commission, printed or typed facsimiles, or computer printed facsimiles,
provided the documents filed have identical formats to the forms
prescribed in the Commission's regulations and meet existing Securities
Exchange Act rules as to such matters as clarity and size (Securities
Exchange Act Rule 12b-12).
SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G
Under Sections 13(d), 13(g), and 23 of the Securities Exchange Act of 1934
and the rules and regulations thereunder, the Commission is authorized to
solicit the information required to be supplied by this schedule by
certain security holders of certain issuers.
Disclosure of the information specified in this schedule in mandatory,
except for Social Security or I.R.S. identification numbers, disclosure of
which is voluntary. The information will be used for the primary purpose
of determining and disclosing the holdings of certain beneficial owners of
certain equity securities. This statement will be made a matter of public
record. Therefore, any information given will be available for inspection
by any member of the public.
Because of the public nature of the information, the Commission can
utilize it for a variety of purposes, including referral to other
governmental authorities
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or securities self-regulatory organizations for investigatory purposes or
in connection with litigation involving the Federal securities laws
or other civil, criminal or regulatory statutes or provisions. Social
Security or I.R.S. identification numbers, if furnished, will assist the
Commission in identifying security holders and, therefore, in promptly
processing statements of beneficial ownership of securities.
Failure to disclose the information requested by this schedule, except for
Social Security or I.R.S. identification numbers, may result in civil or
criminal action against the persons involved for violation of the Federal
securities laws and rules promulgated thereunder.
GENERAL INSTRUCTIONS
A. Statements containing the information required by this schedule shall be
filed not later than February 14 following the calendar year covered by
the statement or within the time specified in Rule 13d-1(b)(2), if
applicable.
B. Information contained in a form which is required to be filed by rules
under section 13(f) (15 U.S.C. 78m (f)) for the same calendar year as that
covered by a statement on this schedule may be incorporated by reference
in response to any of the items of this schedule. If such information is
incorporated by reference in this schedule, copies of the relevant pages
of such form shall be filed as an exhibit to this schedule.
C. the item numbers and captions of the items shall be included but the text
of the items is to be omitted. The answers to the items shall be so
prepared as to indicate clearly the coverage of the items without
referring to the text of the items. Answer every item. If an item is
inapplicable or the answer is in the negative, so state.
<TABLE>
<S> <C> <C>
Item 1.
(a) Name of Issuer BanPonce Corporation
(b) Address of Issuer's Principal Executive Offices G.P.O. Box 36-2708, San Juan, P. R. 00936-2708
Item 2.
(a) Name of Person Filing Banco Popular as Trustee for the Banco
Popular de Puerto Rico Retirement and Profit
Sharing Plans
(b) Address of Principal
Business Office or if none, Residence G.P.O. Box 36-2708, San Juan, Puerto Rico 00936-2708
(c) Citizenship San Juan, Puerto Rico
(d) Title of Class of Securities Common
(e) CUSIP Number 066704-10-7
Item 3.
(a) Broker or Dealer registered under Section 15 of the Act
(b) Bank as defined in section 3(a)(6) of the Act
(c) Insurance Company as defined in section 3(a)(19) of the act
(d) Investment Company registered under section 8 of the Investment
Company Act
(e) Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974 or
Endowment Fund; see 240,13d-1(b)(1)(ii)(F)
(g) Parent Holding Company, in accordance with 240.
13d-1(b)(e)(ii)(G). (Note: See Item 7)
(h) Group, in accordance with 240,13d-1(b)(1)(ii)(H)
Item 4. Ownership
If the percent of the class owned, as of December 31 of the year covered
by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a
right to acquire.
(a) Amount Beneficially Owned 2,748,563.
(b) Percent Class 8.356%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 2,748,563
(ii) shared power to vote or to direct the vote
(iii) sole power to dispose or to direct the disposition of 2,748,563.
(iv) shared power to dispose or to direct the disposition of
Instructions: For computations regarding securities which represent a right to
acquire an underlying security see Rule 13d-3(d)(1)
Item 5. Ownership of five Percent or Less of a Class
</TABLE>
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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.
Instructions: Dissolution of a group requires a response to this item.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to
direct the receipt to dividends from, or the proceeds from the sale of,
such securities, a statement to that effect should be included in response
to this item and, if such interest relates to more than five percent of
the class, such person should be identified. A listing of the
shareholders of an investment company registered under the Investment
Company Act of 1940 or the beneficiaries of employee benefit plan, pension
fund or endowment fund is not required.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
If a parent holding company has filed this schedule, pursuant to Rule
13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating
the identity and the Item 3 classification of the relevant subsidiary. If
a parent holding company has filed this schedule pursuant to Rule
13d-1(c), attach an exhibit stating the identification of the relevant
subsidiary.
Item 8. Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(H), so
indicate under Item 3(h) and attach an exhibit stating the identity and
Item 3 classification of each member of the group. If a group has filed
this schedule pursuant to Rule 13d-1(c), attach an exhibit stating the
identity of each member of the group.
Item 9. Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating
the date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by
members of the group, in their individual capacity. See Item 5.
Item 10. Certifications.
The following certification shall be included if the statement is filed
pursuant to Rule 13d-1(b): By signing below I certify that, to the best
of my knowledge and belief, the securities referred to above were acquired
in the ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection with or
as a participant in any transaction having such purposes 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.
February 14, 1996
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Date
/s/ Luis C. Fernandez Trinchet
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Signature
Luis C. Fernandez Trinchet / Vice President
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Name/Title
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is
signed on behalf of a person by this authorized representative other than an
executive officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statements shall be typed
or printed beneath his signature.
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission.
Attention: Intentional misstatement or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
