<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Amendment No. 2
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)
August 22, 1996
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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
271,640
NUMBER OF --------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 12,702
EACH --------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 271,640
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10 SHARED DISPOSITIVE POWER
12,702
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
284,342
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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)
3.12%
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14 TYPE OF REPORTING PERSON*
IN
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</TABLE>
* SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 3
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
206,906
NUMBER OF --------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 206,906
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
206,906
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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)
2.27%
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14 TYPE OF REPORTING PERSON*
IN
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</TABLE>
* SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 4
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
42,000
NUMBER OF --------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 42,000
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,000
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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)
0.46%
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14 TYPE OF REPORTING PERSON*
IN
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</TABLE>
* SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 5
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
85,736
NUMBER OF --------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 85,736
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
85,736
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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
The original filing to which this Amendment No. 2 relates was dated
October 5, 1995 and was amended by an Amendment No. 1 dated December 15, 1995
("Amendment No. 1").
ITEM 1. SECURITY AND ISSUER
This Schedule 13D relates to the Common Stock, $1.00 par value (the
"Common 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
Each of the persons who purchased shares of Common Stock after the
Filing of Amendment No. 1 as described under Item 5 used personal funds to
finance their respective acquisition.
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2
ITEM 4. PURPOSE OF TRANSACTION
The shares of Common Stock described in Item 5 were purchased for
personal investment in order to increase the equity interests of the purchasers
in the Company.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) See Schedule A hereto and cover pages for each individual filing
this Schedule.
(b) 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 Salomon Levis. The inclusion of the 12,702 shares of Common Stock
owned by Salomon 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 has 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 owned by him or her, subject to the community property
laws of the Commonwealth of Puerto Rico.
Since none of the individuals filing this Schedule individually own 5%
of the outstanding shares of the Company's Common Stock, 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 holdings of the Company's Common Stock.
(c) Since the filing of Amendment No. 1 Salomon Levis and Zoila
Levis have entered into the following transactions:
<TABLE>
<CAPTION>
Purchaser or Nature of
Date Number of Shares Price Seller Transaction
---- ---------------- ----- ------ -----------
<S> <C> <C> <C> <C>
1/31/96 13,156 $ 19.20 Salomon Levis Direct Purchase From Company
1/31/96 7,636 $ 19.20 Zoila Levis Direct Purchase From Company
8/22/96 90,000 $21.875 Salomon Levis Open Market Sale
</TABLE>
This Amendment No. 2 also reflects the conversion by Salomon Levis of
50,000 shares of 10 1/2% Cumulative Convertible Preferred Stock, Series A into
100,000 shares of Common Stock as of February 13, 1996.
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3
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
Not Applicable
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: September 3, 1996
/s/ Salomon Levis
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Salomon Levis
/s/ David Levis
---------------------------------------
David Levis
/s/ Zoila Levis
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Zoila Levis
/s/ Mario S. Levis
---------------------------------------
Mario S. Levis
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Page 9 of 9 Pages
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Schedule A
First Financial Caribbean Corporation
Amendment No. 2 to Schedule 13D
Item 2. Identity and Background and
Item 5. Interest in Securities of the Issuer
<TABLE>
<CAPTION>
(4)
(Item 5)
--------------------------------------
(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)
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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, 284,342 3.12%
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. Private investor and 206,906 2.27%
Puerto Nuevo, Puerto Rico 00920 Director Emeritus of the Company
3. Zoila Levis 1159 F.D. Roosevelt Ave. President of the Company 85,736 0.94%
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 42,000 0.46%
------- -----
Total 618,984 6.79%
</TABLE>
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(1) Based on the 9,111,092 shares of Common Stock of the Company
outstanding as of June 30, 1996.
