AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON FEBRUARY 29, 1996.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2 )
Sierra Tahoe Bancorp
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(Name of Issuer)
Common Stock No Par Value
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(Title of Class of Securities)
826497-10-9
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(CUSIP Number)
Allen H. Blake, Senior Vice President, First Banks, Inc.
135 N. Meramec, Clayton, MO 63105
(314)854-4600
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
February 20, 1995
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box .
Check the following box if a fee is being paid with the statement . (A fee is
not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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).
THIS STATEMENT CONTAINS SIX (6) PAGES AND THE EXHIBIT INDEX IS ON PAGE FIVE (5).
<PAGE>
SCHEDULE 13D
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CUSIP NO. 826497-10-9 Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TIDAL INSURANCE LIMITED
66-0420778
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OFA GROUP* (a)
(b) X
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
BRITISH WEST INDIES
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- ------------------- -------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES NONE
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY NONE
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING NONE
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PERSON 10 SHARED DISPOSITIVE POWER
WITH NONE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
NONE
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* X
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.00%
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14 TYPE OF REPORTING PERSON
IC, CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
The statement on Schedule 13D filed by the reporting person on
September 29, 1995 and amended on October 20, 1995 (the "1995 Statement") to
report ownership of shares of the Common Stock, no par value (the "Common
Stock") and 8-1/2% Convertible Subordinated Debentures due February 1, 2004 (the
"Debentures"), issued by Sierra Tahoe Bancorp, 10181 Truckee Tahoe Airport Road,
Truckee, California 96161 ("Sierra"), is hereby amended as follows:
Item 3. Source and Amount of Funds or Other Consideration
Not applicable. This amended statement is being filed by Tidal
Insurance Limited ("Tidal") to report the disposition of $2,829,000 principal
amount of Debentures. The aggregate selling price of the Debentures was
$3,479,670.00. Additionally, $5.00 was disbursed for handling and the Debenture
accrued interest amount adjusted. See Item 4.
Item 4. Purpose of Transaction
The $2,829,000 principal amount of Debentures covered by the 1995
Statement have been sold by Tidal through a broker and purchased by Dierberg
Four, L.P. ("Dierberg Four"). Dierberg Four is the controlling shareholder of
Tidal as described in Item 2 of the 1995 Statement. Dierberg Four's acquisition
of the Debentures is reported in its separately filed Schedule 13D.
(b-j) None
Item 5. Interest in Securities of the Issuer
(a-b) Not Applicable.
(c) All transactions in the shares of Common Stock and Debentures
effected by Tidal during the past sixty days are described in Exhibit 5(c)
attached hereto. All such shares were purchased or sold through a broker-dealer.
(d) Not Applicable.
(e) The reporting person ceased to be the beneficial owner of more than
five percent of the class of securities on February 20, 1996.
Item 7. Material to Be Filed as Exhibits
Exhibit 5(c) - Transactions in the Common Stock and Debentures effected
during the past sixty days.
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.
TIDAL INSURANCE LIMITED
Date:February 29, 1996 By:/s/James F. Dierberg
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James F. Dierberg, President
<PAGE>
EXHIBIT INDEX
Exhibit No. Page No.
Exhibit 5(c) 6
<PAGE>
Exhibit 5(c)
TIDAL INSURANCE LIMITED
(Transactions Effected Within Past 60 Days)
SALE OF 8-1/2% CONVERTIBLE SUBORDINATED DEBENTURES
Identity of Principal Price Per
Seller Date of Sale Amount Sold Unit
Tidal Insurance Limited February 20, 1996 2,829,000 $123.00
