------------------------------
OMB APPROVAL
------------------------------
OMB Number
Expires:
Estimated average burden
hours per response ....... 0.5
------------------------------
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 )
Safety 1st Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
786475103
--------------------------------------------------------------------------------
(CUSIP Number)
Charles A. Nalbone, Bear, Stearns & Co. Inc.
115 South Jefferson Road, Whippany, NJ 07981
(973) 973-2202
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 25, 2000
--------------------------------------------------------------------------------
(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), 13d-1(f) or 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.
(Continued on following pages)
(Page 1 of Pages)
----------
(1) 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 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).
(SC13D-07/98)
<PAGE>
CUSIP No. 786475103 13D Page of Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Bear Stearns Companies Inc.**
IRS # 13-3286161
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 805,673
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
805,673
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
805,673
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.4%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
HC
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Bear, Stearns & Co. Inc.**
IRS # 13-3299429
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
WC, OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 805,673
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
805,673
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
805,673
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.4%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
BD
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 786475103 13D Page of Pages
________________________________________________________________________________
Page 3
Schedule 13D Amendment No. 2
Amendment No. 2 amends and supplements the Statement for Notification
by a Five Percent Owner of an Issue on Schedule 13D, as filed with the
Securities and Exchange Commission on August 7, 1997, as amended by a Schedule
13D/A filed on May 12, 2000 (the "Schedule 13D") by Bear, Stearns & Co. Inc.
("Bear Stearns") with respect to its ownership of the Common Stock, par value
$.01 per share, of Safety 1st, Inc.(the "Issuer").
Item 3: Source and Amount of Funds or Other Consideration.
Working capital of Bear Stearns and personal funds of discretionary
accounts. The aggregate purchase price of the 171,500 shares of Common Stock
was approximately $2,186,625.
Item 5: Interest in Securities of the Issuer (as of 04/25/00)
(a) The responses of Bear Stearns to Rows (11) through (13) of the
cover page of this Amendment No. 2 to Schedule 13D are
incorporated herein by reference. To the best of Bear Stearns'
knowledge, none of its executive officers or directors
beneficially own any Common Stock of the Issuer.
(b) The responses of Bear Stearns to Rows (7) through (10) of the
cover page of this Amendment No. 2 to Schedule 13D are
incorporated herein by reference.
(c) Since the date of its initial filing on Schedule 13D, Bear
Stearns has effected transactions in the Common Stock of the
Issuer. Information concerning transactions in the Common Stock
effected by Bear Stearns is set forth on Appendix I.
(d) Not Applicable.
(e) Through April 25, 2000, Bear Stearns purchased an additional
171,500 shares of Safety 1st Inc. Accordingly,
Bear Stearns increased its beneficial ownership by more than
one full percentage points of the Common Stock of the Issuer
since the date of its initial filing.
Item 6: Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
Bear Stearns entered into a Tender Agreement, dated as of April 22, 2000,
among Dorel Industries, Inc., a Quebec corporation ("Parent"), Diamond
Subsidiary Inc., a Massachusetts corporation and a wholly owned subsidiary of
Parents (the "Purchaser"), Safety 1st, Inc., a Massachusetts corporation (the
"Company") and certain other stockholders of the Company, Michael Lerner,
Michael Bernstein, Mark Owens, and DB Capital, Inc. The stockholders executing
the Tender Agreement collectively own approximately 60% of the outstanding
shares of the Company's common stock. Pursuant to this agreement, Bear Stearns
is contractually bound to tender its shares in connection with Purchaser's
offer to purchase all of the outstanding shares of the Company for a purchase
price of $13.875 per share.
Page 4
**Bear, Stearns & Co. Inc. is a subsidiary of The Bear Stearns Companies Inc.
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.
May 31, 2000
----------------------------------------
(Date)
/S/
----------------------------------------
(Signature)
Barry J. Cohen/Senior Managing Director
----------------------------------------
(Name/Title)
APPENDIX I
BEAR, STEARNS & CO. INC.
Safety 1st Inc.
Trades from 04/24/00 through 04/25/00
(Various Firm Accounts)
***** 04/25 *****
31,800 SAFETY 1ST INC 13 5/8 433,275.00
1,700 SAFETY 1ST INC 13 5/8 23,162.50
***** 04/24 *****
10,000 SAFETY 1ST INC 13 5/8 136,250.00
79,800 SAFETY 1ST INC 13.6089 1,085,990.22
4,700 SAFETY 1ST INC 13.6089 63,961.83
(Various Discretionary Accounts)
***** 04/26 *****
7,910 SAFETY 1ST INC 13 5/8 107,773.75
5,590 SAFETY 1ST INC 13 5/8 76,163.75
***** 04/24 *****
3,211 SAFETY 1ST INC 13.6089 43,698.18
10,439 SAFETY 1ST INC 13.6089 142,063.31
5,285 SAFETY 1ST INC 13.6089 71,923.04
3,358 SAFETY 1ST INC 13.6089 45,698.69
7,707 SAFETY 1ST INC 13.6089 104,883.79