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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
First Financial Caribbean Corporation
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(NAME OF ISSUER)
Common Stock, $1.00 Par Value
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(TITLE OF CLASS OF SECURITIES)
320214109
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(CUSIP NUMBER)
Salomon Levis, F.D. Roosevelt Avenue 1159, Puerto Nuevo, Puerto Rico 00920
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
September 25, 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.)
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).
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CUSIP No. 320214109 Page 2 of 9 Pages
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<TABLE>
<S> <C> <C>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Salomon Levis
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[X]
See Item 6 and Schedule A
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
No shares are being purchased currently
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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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7 SOLE VOTING POWER
448,484
NUMBER OF --------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 12,702
EACH --------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 448,484
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10 SHARED DISPOSITIVE POWER
12,702
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
461,186
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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)
6.30%
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14 TYPE OF REPORTING PERSON*
IN
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</TABLE>
* SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 320214109 Page 3 of 9 Pages
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<TABLE>
<S> <C> <C>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David Levis
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[X]
See Item 6 and Schedule A
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
No shares are being purchased currently
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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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7 SOLE VOTING POWER
196,906
NUMBER OF --------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 196,906
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
196,906
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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)
2.73%
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14 TYPE OF REPORTING PERSON*
IN
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</TABLE>
* SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 320214109 Page 4 of 9 Pages
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<TABLE>
<S> <C> <C>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mario S. Levis
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[X]
See Item 6 and Schedule A
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
No shares are being purchased currently
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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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7 SOLE VOTING POWER
32,000
NUMBER OF --------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 32,000
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
32,000
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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)
0.44%
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14 TYPE OF REPORTING PERSON*
IN
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</TABLE>
* SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 320214109 Page 5 of 9 Pages
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<TABLE>
<S> <C> <C>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Zoila Levis
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[X]
See Item 6 and Schedule A
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
No shares are being purchased currently
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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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7 SOLE VOTING POWER
68,100
NUMBER OF --------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 68,100
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,100
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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)
0.94%
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14 TYPE OF REPORTING PERSON*
IN
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</TABLE>
* SEE INSTRUCTION BEFORE FILLING OUT!
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SCHEDULE 13D ITEMS
ITEM 1. SECURITY AND ISSUER
This Schedule 13D relates to the Common Stock, $1.00 par value (the
"Common Stock"), and the 10 1/2% Cumulative Convertible Preferred Stock, Series
A (the "Series A Preferred Stock"), of First Financial Caribbean Corporation
(the "Company"), a Puerto Rico corporation, having its principal executive
offices at 1159 Franklin D. Roosevelt Avenue, Puerto Nuevo, Puerto Rico 00920
and is being filed by the persons identified in Item 2 below.
ITEM 2. IDENTIFY AND BACKGROUND
See Schedule A attached hereto.
None of the persons filing this Schedule 13D has been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors)
during the past 5 years or was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such
proceeding was or is 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 violations with respect to such
laws. All individuals are citizens of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
No shares of Common Stock or Series A Preferred Stock were purchased.
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2
ITEM 4. PURPOSE OF TRANSACTION
The purpose of this disclosure is to reflect an informal understanding
reached by the persons filing this Schedule that they will consult with each
other regarding the disposition and voting of the shares of the Company's
Common Stock owned by each of them.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
See Schedule A hereto and cover pages for each individual filing this
Schedule.
The spouse of Mr. Salomon Levis owns 12,702 shares of the Company's
Common Stock which have been included in the total amount of shares owned by
Mr. Levis. The inclusion of the 12,702 shares of Common Stock owned by Mr.
Levis' spouse in this Schedule 13D shall not be construed as an admission that
Mr. Levis is the beneficial owner of such shares for purposes of Section 13(d)
of the Securities Exchange Act of 1934.
Furthermore, the filing of this Schedule 13D by each of the reporting
persons shall not be construed as an admission that the shares of any such
person are beneficially owned by any of the other individuals reporting
hereunder for purposes of Section 13(d) of the Securities Exchange Act of 1934.
Except for the 12,702 shares of Common Stock owned by Mr. Salomon Levis'
spouse, each of the persons filing this Schedule have the sole power to vote or
direct the vote and the sole power to dispose or direct the disposition of all
shares of Common Stock and Series A Preferred Stock owned by him or her,
subject to the community property laws of the Commonwealth of Puerto Rico.
With the exception of Mr. Salomon Levis, the persons filing this
Schedule disclaim that the provision of Section 13(d) of the Securities
Exchange Act of 1934 and the Rules and Regulations promulgated by the
Securities and Exchange Commission thereunder are applicable to their
respective shares of the Company's Common Stock.
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3
No transactions in the Company's Common Stock or Series A Preferred
Stock were effected during the 60 days preceding the date hereof by the
persons filing this Schedule.
ITEM 6. CONTRACT, ARRANGEMENT OR UNDERSTANDING WITH RESPECT TO SECURITIES OF
THE ISSUER
None other than an informal understanding that the persons
listed in Schedule A attached hereto will consult with each other regarding
the disposition and voting of the shares of the Company's Common Stock owned by
each of them. Furthermore, the persons listed in Schedule A may acquire
additional shares of the Company's Common Stock.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Each of the undersigned hereby certifies after reasonable inquiry, that
to the best of his/her knowledge and belief, the information set forth in this
statement is true, complete and correct.
Date: October 5, 1995
/s/ Salomon Levis
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Salomon Levis
/s/ David Levis
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David Levis
/s/ Zoila Levis
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Zoila Levis
/s/ Mario S. Levis
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Mario S. Levis
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Page 9 of 9 Pages
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Schedule A
First Financial Caribbean Corporation
Schedule 13D
Item 2. Identity and Background and
Item 5. Interest in Securities of the Issuer
<TABLE>
<CAPTION>
(4)
(Item 5)
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(3)
Present Principal occupation or
employment and the name,
principal business and address
of any corporation or other Total number of
(1) (2) organization in which such shares of Common Percentage of
Name Business Address employment is conducted. Stock owned on the Class of Common
(Item 2(a) and (5) (Item 2(b)) (Item 2(c)) date hereof(1) Stock (1)(2)
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<S> <C> <C> <C> <C>
1. Salomon Levis 1159 F.D. Roosevelt Ave. Chairman of the Board and Chief
Puerto Nuevo, Puerto Rico 00920 Executive Officer of the Company, 461,186 6.30
a corporation engaged principally
in the origination, servicing,
purchase and sale of mortgages on
single-family houses, and the
issuance and sale of various
mortgage-backed securities.
2. David Levis 1159 F.D. Roosevelt Ave. Director Emeritus of the Company 196,906 2.73
Puerto Nuevo, Puerto Rico 00920
3. Zoila Levis 1159 F.D. Roosevelt Ave. President of the Company 68,100 .94
Puerto Nuevo, Puerto Rico 00920
4. Mario S. Levis 1159 F.D. Roosevelt Ave. Executive Vice President and
Puerto Nuevo, Puerto Rico 00920 Treasurer of the Company 32,000 .44
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Total 758,192 10.41
</TABLE>
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(1) Includes the respective number of shares of Common Stock which
the person has the right to acquire upon the conversion of the
shares of Series A Preferred Stock held by such person as
follows: 100,000 shares for Salomon Levis, and 20,000 shares
for each of Zoila Levis and Mario S. Levis. Each share of Series A
Preferred Stock is currently convertible into two shares of Common
Stock at a conversion price of $5.00 per share.
(2) Based on the 7,215,578 shares of Common Stock of the Company
outstanding as of June 30, 1995. Percentage of Class of Common
Stock held by each person includes the number of shares of Common
Stock which such person has the right to acquire upon conversion of
shares of Series A Preferred Stock held by such person, but does not
include shares of Common Stock issuable upon conversion of shares of
Series A Preferred Stock held by any other person.
