UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
VISTA BANCORP, INC.
(Name of Issuer)
Common Stock, Par Value $.50 Per Share
(Title of Class of Securities)
92830R 103
(CUSIP Number)
Louis Hajdu, 710 New Brunswick Avenue, P.O. Box 1131,
Alpha, New Jersey 08865-1131; (908) 454-1115
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
May 6, 1998
(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 ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box |_|.
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).
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CUSIP No. 92830R 103
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Louis Hajdu
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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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
United States of America
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NUMBER OF 7 SOLE VOTING POWER
SHARES 263,566
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH None.
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 263,566
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
None.
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
273,451
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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)
6.5
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14 TYPE OF REPORTING PERSON*
IN
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SCHEDULE 13D
AMENDMENT NO. 1
LOUIS HAJDU
Item 1. Security and Issuer
This statement relates to the common stock, par value $.50 per share (the
"Common Stock"), of Vista Bancorp, Inc. (the "Issuer"). The principal executive
offices of the Issuer are located at 305 Roseberry Street, Post Office Box 5360,
Phillipsburg, New Jersey 08865; telephone number (908) 859-9500.
Item 2. Identity and Background
The following information is with respect to the Reporting Person:
(a) Louis Hajdu
(b) 710 New Brunswick Avenue, P.O. Box 1131, Alpha, New Jersey 08865-1131
(c) Consultant, Hajdu Construction, Inc., building contractors, 710 New
Brunswick Avenue, P.O. Box 1131, Alpha, New Jersey 08865-1131
(d) During the last five years, the Reporting Person has not been
convicted in a criminal proceeding.
(e) During the last five years, the Reporting Person has not been a party
to a civil proceeding or administrative body and was or is not subject
to a judgment, decree or final order enjoining future violations of,
or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
(f) United States of America.
Item 3. Source and Amount of Funds or Other Considerations
Louis Hajdu
Date Transferred From or To No. of Shares Cost
- ---- ---------------------- ------------- ----
04/15/68 Stock Dividend 100 $30.00
04/17/70 Kurland 51 45.00
05/14/71 Stillo 227 50.00
05/16/72 Cline 27 65.00
08/23/72 Barry Hajdu, Cust. for Heather 83 transfer
02/05/73 Hajdu 165 transfer
06/12/74 Allen 15 70.00
12/02/75 Beers 10 60.00
11/23/79 Allen 15 82.00
11/13/80 Paine Webber 53 82.00
03/04/81 Cede & Co. 200 82.00
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Date Transferred From or To No. of Shares Cost
- ---- ---------------------- ------------- ----
04/01/81 Stock Split (3 for 1) 2,838 after 27.33
01/11/82 LaCosta 150 20.00
04/13/82 DiGerolamo 300 20.00
05/12/82 Rutt 400 20.00
02/11/83 Cline 4,500 unknown
11/21/83 Allen 50 30.00
10/10/84 Percarpio 30 30.00
11/27/84 Allen 20 30.00
04/29/86 Meyner 40 77.00
05/02/86 Stock Split (5 for 1) 37,096 15.40
10/06/86 Easton National Bank and
Emilie K. Bloom 228 15.40
11/10/86 Bahrenburg 54 15.40
1987 Directors Fees 134 15.65
1987 Dividend Reinvestment 905 15.65
1988 Directors Fees 181 20.94
1988 Dividend Reinvestment 1,476 20.94
1989 Directors Fees 154 24.03
1989 Dividend Reinvestment 1,497 24.03
1990 Directors Fees 100 25.81
1990 Dividend Reinvestment 376 25.81
05/13/91 Miller 764 18.50
12/02/91 Stott Trust 3,200 19.00
02/05/92 Meyner 4,390 19.00
10/05/92 Bear Sterns 1,000 unknown
12/04/92 Stock Offering 5,500 18.00
01/19/93 Merrill Lynch 624 unknown
03/10/94 Dividend Reinvestment 635 24.23
03/31/94 Directors Stock Purchase Plan 16 24.23
05/13/94 Stock Split (3 for 1) 135,208 after 8.50
12/26/95 Stock Offering 28,973 11.50
07/16/97 Open Market Sale 500 14.75
07/17/97 Open Market Sale 1,000 14.75
07/18/97 Open Market Sale 500 14.75
07/24/97 Open Market Sale 3,700 15.13
07/25/97 Open Market Sale 1,900 15.13
07/28/97 Open Market Sale 400 15.13
07/29/97 Open Market Sale 10,000 15.50
05/06/98 Hajdu Group Retirement Plan 49,781 n/a
TOTAL 263,566
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Elizabeth Hajdu (Spouse of Louis Hajdu)
Date Transferred From or To No. of Shares Cost
- ---- ---------------------- ------------- ----
07/30/91 Stott 600 $19.00
12/02/91 Stott Trust 1,000 19.00
12/04/92 Stock Offering 1,283 18.00
05/13/94 Stock Split (3 for 1) 5,766 after 8.50
12/26/95 Stock Offering 1,236 11.50
TOTAL 9,885
Item 4. Purpose of Transaction
The purpose of the acquisitions by the Reporting Person is for investment
purposes. The Reporting Person has no plans or proposals which relate to or
would result in:
(a) The acquisition by any person of additional securities of the Issuer,
or the disposition of securities of the Issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer or any
of its subsidiaries;
(d) Any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or term
of directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend policy
of the Issuer;
(f) Any other material change in the Issuer's business or corporate
structure, including but not limited to, if the Issuer is a registered
closed-end investment company, any plans or proposals to make any
changes in its investment policy for which a vote is required by
section 13 of the Investment Company Act of 1940;
(g) Changes in the Issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control
of the Issuer by any person;
(h) Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted
in an inter-dealer quotation system of a registered national
securities association;
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(i) A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act;
or
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
(a) Louis Hajdu -- 273,451 shares or 6.5% of the outstanding Common Stock
(b) Louis Hajdu: 263,566 shares held individually and 9,885 shares held
individually by his spouse.
(c) On May 6, 1998, 49,781 shares of the Common Stock were transferred
from the Hajdu Group Retirement Plan to Smith Barney Inc. Rollover
Custodian f/b/o Louis Hajdu. There was no consideration given or paid
for this transfer.
(d) None.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
None.
Item 7. Material to be Filed as Exhibits
Article VII of the Plan and Trust Agreement for the Hajdu Group Retirement
Plan delineating the powers and responsibilities of the co-trustees was filed
with the Reporting Person's original Schedule 13D, on February 27, 1997, and is
incorporated by reference into this Item 7.
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 14, 1998 /s/ Louis Hajdu
---------------------------------
Louis Hajdu, the Reporting Person
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