U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
MAF BANCORP, INC.
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(Last) (First) (Middle)
55th & Holmes Avenue
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(Street)
Chicago Illinois 60514
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
08/17/98
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3. IRS or Social Security Number of Reporting Person (Voluntary)
36-3664868
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4. Issuer Name and Ticker or Trading Symbol
WESTCO BANCORP, INC. (WCBI)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
[ X ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or 4. Nature of Indirect
1. Title of Security Beneficially Owned Indirect (I) Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
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<S> <C> <C> <C>
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</TABLE>
* If the Form is filed by more than one Reporting Person, see
Instruction 5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses) (Over)
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FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
3. Title and Amount
of Securities Underlying
Derivative Securities 5. Ownership
2. Date Exercisable (Instr. 4) Form of
and Expiration Date --------------------------- Derivative
(Month/Day/Year) Amount Security: 6. Nature of
---------------------- or 4. Conversion or Direct (D) Indirect
Date Expira- Number Exercise Price or Indirect Beneficial
1. Title of Derivative Exer- tion of of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Option (right to buy) (1) (1) Common 617,685 26.35 D
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Explanation of Responses:
(1) The Option can only be exercised by MAF Bancorp, Inc. under certain circumstances and will expire upon the occurrence of
certain events, such circumstances and events as fully described in the Agreement and Plan of Reorganization by and between MAF
Bancorp, Inc. and Westco Bancorp, Inc. dated as of August 17, 1998 and the related Option Agreement between MAF Bancorp, Inc. and
Westco Bancorp, Inc. dated August 17, 1998. Each of these documents are filed as an exhibit to the MAF Bancorp, Inc. Schedule 13D
with respect to its ownership of the Common Stock of Westco Bancorp, Inc.
</TABLE>
MAF BANCORP, INC.
By: /s/ Michael Janssen 8/27/98
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Michael Janssen, Senior Vice President Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
(Print or Type Responses)
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