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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Charter One Financial, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
160903 10 0
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(CUSIP Number)
Robert J. Vana, Esquire
Chief Corporate Counsel and Corporate Secretary
Charter One Financial, Inc.
(successor to FirstFed Michigan Corporation)
1215 Superior Avenue
Cleveland, Ohio 44114
(216) 566-5300
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 31, 1995
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(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.)
(Continued on Following Pages)
Page 1 of 5 Pages
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CUSIP No. 160903 10 0 13D Page 2 of 5 Pages
<TABLE>
<S> <C>
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1 NAME OF REPORTING PERSON; S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON:
FirstFed Michigan Corporation IRS I.D. No. 38-2839838
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP a
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b
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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: Michigan
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES --------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY --------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING --------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): Not applicable
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14 TYPE OF REPORTING PERSON: CO
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</TABLE>
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SCHEDULE 13D
RELATING TO THE
COMMON STOCK, $.01 PAR VALUE PER SHARE,
OF
CHARTER ONE FINANCIAL, INC.
ITEM 1. SECURITY AND ISSUER
See Item 5.
ITEM 2. IDENTITY AND BACKGROUND
See Item 5.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Not applicable. See Item 5.
ITEM 4. PURPOSE OF TRANSACTION
Not applicable. See Item 5.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
On October 31, 1995, the merger of FirstFed Michigan Corporation, a
Michigan corporation ("FirstFed"), with Charter One Financial, Inc., a Delaware
corporation ("Charter One"), was consummated, with Charter One surviving the
transaction (the "Merger"). This Amendment No. 1 to FirstFed's Schedule 13D
relates to the common stock, par value $.01 per share, of Charter One ("Charter
One Common Stock"). Pursuant to the Stock Option Agreement, dated as of May
31, 1995, and filed as Exhibit 3 to FirstFed's Schedule 13D (the "Stock Option
Agreement"), Charter One granted to FirstFed an option to purchase up to
4,481,589 shares of Charter One Common Stock. At the effective time of the
Merger, the Stock Option Agreement was terminated in accordance with its terms,
thereby eliminating FirstFed's beneficial interest in the aforementioned shares
of Charter One Common Stock. In addition, at the effective time of the Merger,
Charter One acquired all of the outstanding shares of FirstFed Common Stock,
thereby eliminating FirstFed's corporate existence.
Page 3 of 5 Pages
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ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
On October 31, 1995, upon consummation of the Merger, the Stock Option
Agreement was terminated in accordance with its terms.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not applicable.
Page 4 of 5 Pages
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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.
CHARTER ONE FINANCIAL, INC.
(successor to FirstFed
Michigan Corporation)
Dated: November 9, 1995 By: /s/ Robert J. Vana
--------------------------------
Robert J. Vana
Chief Corporate Counsel and
Corporate Secretary
