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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. )(1)
Funco, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
360762108
- --------------------------------------------------------------------------------
(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 27, 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. 360762108 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*
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 366,295
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
366,295
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
366,295
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.09%
________________________________________________________________________________
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, PF
________________________________________________________________________________
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 366,295
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
366,295
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
366,295
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.09%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
BD
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 360762108 13D Page of Pages
________________________________________________________________________________
Item 1. Security and Issuer.
Common Stock
Funco, Inc.
10120 West 76th St.
Eden Prairie, MN 55344
________________________________________________________________________________
Item 2. Identity and Background.
(a)Name: Bear, Stearns & Co. Inc. ("Bear Stearns")
(b)Place of Organization: Delaware
(c)(i)Principal Business: Securities Broker/Dealer
(ii) Address: 245 Park Avenue
New York, NY 10167
(d)None
(e)See Appendix II
(f)See Appendix I
________________________________________________________________________________
Item 3. Source and Amount of Funds or Other Consideration.
Working capital of Bear Stearns & Co. and personal funds of discretionary
accounts. The aggregate purchase price of the 366,295 shares of Common Stock
was approximately $8,626,247.25.
________________________________________________________________________________
Item 4. Purpose of Transaction.
Bear Stearns has acquired the Common Stock of Funco, Inc.
in the ordinary course of its business as a broker/dealer in connection with its
trading and investment activities. Bear Stearns may acquire additional
securities of the Issuer or dispose of securities of the Issuer in connection
with such trading and investment activities. Although the foregoing represents
the range of activities presently contemplated by Bear Stearns with respect to
the Issuer, it should be noted that the possible activities of Bear Stearns are
subject to change at any time.
Except as set forth above, Bear Stearns has no present plans or intentions
which relate to or would result in any of the actions described in
subparagraph (a) through (j) of item 4 of Schedule 13D.
________________________________________________________________________________
Item 5. Interest in Securities of the Issuer as of 4/27/2000.
(a)Number: 366,295
Percentage: 6.09%
(b)1.Sole power to vote or to direct the vote: 0
2.Shared power to vote or to direct the vote: 366,295
3.Sole power to dispose or to direct the disposition: 0
4.Shared power to dispose or to direct the disposition: 366,295
(c)Information concerning transactions in the common stock effected by
Bear Stearns is set forth on Appendix III hereto.
(d)Inapplicable.
(e)Inapplicable.
________________________________________________________________________________
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
None
________________________________________________________________________________
Item 7. Material to be Filed as Exhibits.
None
________________________________________________________________________________
<PAGE>
**Bear Stearns & Co. 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 5, 2000
----------------------------------------
(Date)
----------------------------------------
(Signature)
Barry J. Cohen/Senior Managing Director
----------------------------------------
(Name/Title)
APPENDIX I
DIRECTORS AND EXECUTIVE OFFICERS OF BEAR, STEARNS & CO. INC.
Name Principal Occupation or Employment
Alan C. Greenberg Chairman of the Board and Director
James E. Cayne President, Chief Executive Officer and Director
Bruce E. Geismar Chief Operations Officer and Director
Kenneth L. Edlow Secretary
Michael Minikes Treasurer and Director
Mark E. Lehman Executive Vice President/General Counsel
Chief Legal Officer and Director
Alan D. Schwartz Executive Vice President and Director
Warren J. Spector Executive Vice President and Director
Samuel L. Molinaro Jr. Chief Financial Officer/Senior Vice President-Finance
and Director
E. John Rosenwald Jr. Vice-Chairman of the Board and Director
Michael L. Tarnopol Vice-Chairman of the Board and Director
Denis A. Bovin Director
Peter D. Cherasia Director
Ralph R. Cioffi Director
Barry J. Cohen Director
Wendy L. de Monchaux Director
John L. Knight Director
David A. Liebowitz Director
Bruce M. Lisman Director
Roland N. Livney Director
Jeffrey Mayer Director
Gary M. McLoughlin Director
Donald R. Mullen Jr. Director
Fares D. Noujaim Director
Craig M. Overlander Director
Stephen E. Raphael Director
Richard B. Sachs Director
Robert M. Steinberg Director
Donald W. Tang Director
Michael J. Urfirer Director
Eli Wachtel Director
Uzi Zucker Director
John L. Knight's business address is One Canada Square London E16 5AD
England. Michael J. Abatemarco is a citizen of the United States and his
business address is One Metrotech Center North, Brooklyn, New York 11201.
All other Directors and Executive Officers are citizens of the United States
and their business address is 245 Park Avenue, New York, New York 10167.
Bear Stearns & Co. Inc. is a wholly-owned subsidiary of the Bear Stearns
Companies Inc. and of the persons named, all but John L. Knight hold similar
office in the parent company.
APPENDIX II
Bear Stearns & Co. Inc.
Funco, Inc.
Trading from 04/03/00 through 04/28/2000
(Various Firm's Accounts)
***** 04/26 *****
11,100 FUNCO INC 24.3548 270,338.28
209,000 FUNCO INC 24.3548 5,090,153.20
***** 04/24 *****
23,750 FUNCO INC 21 3/16 503,203.13
1,250 FUNCO INC 21 3/16 26,484.38
***** 04/14 *****
2,000 FUNCO INC 20 5/8 41,250.00
38,000 FUNCO INC 20 5/8 783,750.00
***** 04/04 *****
22,750- FUNCO INC 16.9099 384,687.40-
1,250- FUNCO INC 16.9099 21,136.67-
***** 04/03 *****
1,250 FUNCO INC 16.9375 21,171.88
23,750 FUNCO INC 16.9375 402,265.63
1,000- FUNCO INC 16 15/16 16,936.93-
(Various Discretionary Accounts)
***** 04/27 *****
585 FUNCO INC 24.3548 14,247.56
9,972 FUNCO INC 24.3548 242,866.07
339 FUNCO INC 24.3548 8,256.28
475 FUNCO INC 24.3548 11,568.53
25,729 FUNCO INC 24.3548 626,624.65
13,025 FUNCO INC 24.3548 317,221.27
10,426 FUNCO INC 24.3548 253,923.14
***** 04/14 *****
6,681 FUNCO INC 20 5/8 137,795.63
3,384 FUNCO INC 20 5/8 69,795.00
***** 04/04 *****
5,752- FUNCO INC 16.9099 97,262.49-
***** 04/03 *****
5,752 FUNCO INC 16.9375 97,424.50
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
