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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No._____) *
FIRSTFED FINANCIAL CORPORATION
(Name of Issuer)
COMMON STOCK, $0.01 par value
(Title of Class of Securities)
COMMON STOCK, $0.01 par value
(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).
Page 1 of 5 Pages
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CUSIP NO. 337907 10 9 SCHEDULE 13G PAGE 2 OF 5 PAGES
--------------------- ----- -----
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
First Federal Bank of California
Employee Stock Ownership Plan and Trust dated January 1, 1985.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ X ]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
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(5) SOLE VOTING POWER
NUMBER OF 163,645
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 354,429
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 518,074
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(8) SHARED DISPOSITIVE POWER
-0-
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
518,074
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES*
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.89%
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(12) TYPE OF REPORTING PERSON*
EP
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 5 Pages
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SCHEDULE 13G
Item 1 (a) Name of Issuer:
FirstFed Financial Corp.
Item 1 (b) Address of Issuer's Principal Executive Offices:
401 Wilshire Blvd., Santa Monica, CA. 90401
Item 2 (a) Name of Person Filing:
First Federal Bank of California Employees Stock Ownership
Plan and Trust dated 01/01/85
Item 2 (b) Address of Principal Business Office or, if none,
Residence: 401 Wilshire Blvd., Santa Monica, CA. 90401
Item 2 (c) Citizenship:
Delaware (Parent Holding Company)
Item 2 (d) Title of Class of Securities:
Common Stock
Item 2 (e) CUSIP Number:
337907 10 9
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(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) [X] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Rule
3d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Rule
13d-1 (b) (ii) (G) (Note: See Item 7)
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
Item 4. Ownership.
(a) Amount Beneficially Owned:
518,074
(b) Percent of Class:
4.89%
Page 3 of 5 Pages
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SCHEDULE 13G
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote......... 163,645
(ii) shared power to vote or to direct the vote....... 354,429
(iii) sole power to dispose or to direct the disposition of: 518,074
(iv) shared power to dispose or to direct the disposition of NONE
Item 5.
Ownership of Five Percent or Less of a Class.
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.
[X]
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
Item 10.
Certification
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 purpose or effect.
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.
January 30, 1998
ANN E. LEDERER
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Ann E. Lederer, Member, ESOP Administrative Committee
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(see attached Certification)
Page 4 of 5 Pages
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SCHEDULE 13G
Certificate
I, the undersigned Secretary of FirstFed Financial Corp., do hereby
certify that the following is a true and correct excerpt from the Minutes of a
duly called meeting of the Board of Directors of said corporation held on April
23, 1997, at which a quorum was present and acting throughout:
"Upon a motion duly made, seconded and unanimously passed by the Board
the E.S.O.P. Administrative Committee was re-established to be composed of
Retired Bank Senior Vice President, Murray Tanner, and Bank Officers Ann E.
Lederer and Lu O'Conner, all to serve until the Company's next annual meeting."
WITNESS my hand and the seal of the corporation this 30th day of January, 1998.
ANN E. LEDERER
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Ann E. Lederer
Secretary
FirstFed Financial Corp.
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