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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 19)
Sovereign Bancorp, Inc.
(Name of Issuer)
Common Stock (without par value)
(Title of Class of Securities)
845905 10 8
(CUSIP Number)
Frederick J. Jaindl
Jaindl's Turkey Farm
3150 Coffeetown Road
Orefield, Pennsylvania 18069
(610) 395-3333
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 5, 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 [ ].
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- ---------------------
CUSIP NO. 845905 10 8
- ---------------------
- ------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frederick John Jaindl
SS No.: ###-##-####
- ------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- ------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- ------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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7 SOLE VOTING POWER
NUMBER OF 2,267,138.49
SHARES ----------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH ----------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 2,267,138.49
WITH ----------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,267,138.49
- ------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[X ]
- ------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
- ------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- ------------------------------------------------------------
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This Amendment No. 19 dated October 10, 1995 (this "Amendment"),
to the Schedule 13D filed by Frederick J. Jaindl (the "Reporting Person")
dated September 3, 1986 (the "Original Statement"), as amended by Amendment
No. 1 dated March 15, 1989, Amendment No. 2 dated May 12, 1989, Amendment
No. 3 dated June 5, 1989, Amendment No. 4 dated August 7, 1989, Amendment
No. 5 dated September 1, 1989, Amendment No. 6 dated December 20, 1989,
Amendment No. 7 dated September 4, 1990, Amendment No. 8 dated September
24, 1992, Amendment No. 9 dated May 6, 1993, Amendment No. 10 dated June 1,
1993, Amendment No. 11 dated December 20, 1993, Amendment No. 12 dated
January 5, 1994, Amendment No. 13 dated January 3, 1994, Amendment No. 14
dated January 19, 1994, Amendment No. 15 dated April 26, 1994, Amendment
No. 16 dated April 27, 1995, Amendment No. 17 dated July 12, 1995 and
Amendment No. 18 dated July 26, 1995 (as amended, the "Schedule 13D"),
amends and supplements the Schedule 13D with respect to the common stock,
without par value ("Common Stock"), of Sovereign Bancorp, Inc., a
Pennsylvania corporation ("Sovereign"). Based on the information as to the
number of outstanding shares of Common Stock set forth in the most recent
publicly available filings of Sovereign with the Securities and Exchange
Commission, the Reporting Person believes that it will not be deemed to
beneficially own (as such term is defined in the rules and regulations
promulgated under Section 13(d) of the Securities Exchange Act of 1934, as
amended) more than five percent of the outstanding shares of Common Stock.
As a consequence, this Amendment is the Reporting Person's final amendment
to the Original Statement. Capitalized terms used and not defined herein
shall have the meanings set forth in the Schedule 13D.
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended and supplemented by adding thereto the
following:
(a)-(d) Based on the information set forth herein and
information contained in the most recent publicly available filings of
Sovereign with the Securities and Exchange Commission, the Reporting Person
beneficially owns the number and percentage of outstanding shares of Common
Stock listed in his responses to Items 11 and 13, respectively, of the
cover page filed herewith. In addition, the number of shares of Common
Stock which may be deemed beneficially owned by the Reporting Person with
respect to which the Reporting Person (i) has sole voting power,
(ii) shares voting power, (iii) has sole dispositive power and (iv) shares
dispositive power are listed in the
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responses to Items 7, 8, 9 and 10, respectively, of the cover page filed
herewith. The Reporting Person expressly disclaims beneficial ownership of
Common Stock held by his children, a charitable trust and various trusts
for the benefit of his grandchildren over which he has no voting or
dispositive power. Attached hereto as Annex A is a schedule of dispositions
of Common Stock by the Reporting Person since the filing of Amendment No. 18
to the Schedule 13D. The gross proceeds less commissions from the
transactions set forth on Annex A is $5,341,702.38.
Item 6. Contracts, Arrangements, Understandings
or Relationships with Respect to Securities
of the Issuer.
Item 6 is hereby amended and supplemented by adding thereto the
following:
Attached hereto as Annex B is a schedule of call option
contracts sold by the Reporting Person. Each of the American Style Option
Contracts was sold on the Philadelphia Stock Exchange and permits the owner
of each contract to purchase 100 shares of Common Stock at a price of
$12.50 per share at any time on or prior to January 20, 1996, the
expiration date of each such contract.
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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.
Dated: October 10, 1995
/s/ Frederick J. Jaindl
Frederick J. Jaindl
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Annex A
COMMON STOCK TRANSACTIONS AND TRANSFERS
Date Transaction # Shares $/Share
09/11/95 Market Sale 20,000 $10.56
09/11/95 Market Sale 5,000 $10.56
09/12/95 Market Sale 30,000 $10.56
09/12/95 Market Sale 5,000 $10.69
09/12/95 Market Sale 4,900 $10.72
09/12/95 Market Sale 20,000 $10.56
09/12/95 Market Sale 10,000 $10.59
09/12/95 Market Sale 20,000 $10.69
09/13/95 Market Sale 11,300 $10.69
09/14/95 Market Sale 7,500 $10.63
09/15/95 Market Sale 10,000 $10.56
09/20/95 Market Sale 11,400 $10.69
09/20/95 Market Sale 20,000 $10.63
09/21/95 Market Sale 50,000 $10.56
09/21/95 Market Sale 17,500 $10.69
09/21/95 Market Sale 50,000 $10.63
09/25/95 Market Sale 4,500 $10.69
09/26/95 Market Sale 10,000 $10.63
09/26/95 Market Sale 7,100 $10.69
09/27/95 Market Sale 140,000 $10.69
09/27/95 Gift 18,900 $ 0.00
10/02/95 Market Sale 10,000 $10.69
10/04/95 Gift 4,800 $ 0.00
10/05/95 Market Sale 40,000 $10.69
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Annex B
American Style Option Contracts
Date Transaction # Contracts # Shares Price/Share
09/13/95 Market Sale Call Option 50 5,000 $12.50
