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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
CFSB Bancorp, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
124927 10 4
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(CUSIP Number)
* 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 the
disclosures provided in a prior cover page.
The information required in 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 the section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 10 pages
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CUSIP NO. 124927 10 4 13G Page 2 of 10 Pages
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1 NAME OF REPORTING PERSON: CFSB Bancorp, Inc. Employee Stock Ownership Plan
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
38-2920051
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Michigan
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NUMBER OF 5 SOLE VOTING POWER 0
SHARES -----
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BENEFICIALLY 6 SHARED VOTING POWER 417,335
OWNED BY -------
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EACH 7 SOLE DISPOSITIVE POWER 0
REPORTING -----
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PERSON 8 SHARED DISPOSITIVE POWER 417,335
WITH -------
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
417,335
-------
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.9 %
----
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12 TYPE OF REPORTING PERSON*
EP
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* SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 124927 10 4 13G Page 3 of 10 Pages
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1 NAME OF REPORTING PERSON: David H. Brogan
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5 SOLE VOTING POWER 44,233
SHARES -------
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BENEFICIALLY 6 SHARED VOTING POWER 102,731
OWNED BY -------
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EACH 7 SOLE DISPOSITIVE POWER 44,233
REPORTING -------
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PERSON 8 SHARED DISPOSITIVE POWER 102,731
WITH -------
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
146,964
-------
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.1 %
----
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12 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 124927 10 4 13G Page 4 of 10 Pages
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1 NAME OF REPORTING PERSON: William C. Hollister
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5 SOLE VOTING POWER 59,012
SHARES -------
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BENEFICIALLY 6 SHARED VOTING POWER 102,731
OWNED BY -------
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EACH 7 SOLE DISPOSITIVE POWER 59,012
REPORTING -------
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PERSON 8 SHARED DISPOSITIVE POWER 102,731
WITH -------
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
161,743
-------
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.4 %
----
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12 TYPE OF REPORTING PERSON*
IN
================================================================================
* SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 124927 10 4 13G Page 5 of 10 Pages
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1 NAME OF REPORTING PERSON: James L. Reutter
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5 SOLE VOTING POWER 84,773
SHARES -------
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BENEFICIALLY 6 SHARED VOTING POWER 102,731
OWNED BY -------
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EACH 7 SOLE DISPOSITIVE POWER 84,773
REPORTING -------
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PERSON 8 SHARED DISPOSITIVE POWER 102,731
WITH -------
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
187,504
-------
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.0 %
----
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12 TYPE OF REPORTING PERSON*
IN
================================================================================
* SEE INSTRUCTION BEFORE FILLING OUT!
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Page 6 of 10 Pages
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Securities and Exchange Commission
Washington, D.C. 20549
Item 1(a) Name of Issuer.
CFSB Bancorp, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices.
112 East Allegan Street
Lansing, Michigan 48933
Item 2(a) Name of Person(s) Filing.
CFSB Bancorp, Inc. Employee Stock Ownership Plan ("ESOP"), and the
following individuals who serve as trustees of the trust established under the
ESOP: David H. Brogan, William C. Hollister and James L. Reutter.
Item 2(b) Address of Principal Business Office.
Same as Item 1(b).
Item 2(c) Citizenship.
See Row 4 of the second part of the cover page provided for each
reporting person.
Item 2(d) Title of Class of Securities.
Common Stock, par value $0.01 per share.
Item 2(e) CUSIP Number.
See the upper left corner of the second part of the cover page provided
for each reporting person.
Item 3. Check whether the person filing is a:
(f) [x] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see 13d-1(b)(1)(ii)(F),
(h) [x] Group, in accordance with Rule 13d-1(b)(l)(ii)(H).
Item (a) (b) (c) (d) (e) (g) - not applicable.
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Page 7 of 10 Pages
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Item 4. Ownership.
(a) Amount Beneficially Owned: See Row 9 of the second part of the cover
page provided for each reporting person.
(b) Percent of Class: See Row 11 of the second part of the cover page
provided for each reporting person.
(c) See Rows 5, 6, 7, and 8 of the second part of the cover page
provided for each reporting person.
Item 5. Ownership of Five Percent or Less of A Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following: [_]
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
This Schedule 13G is being filed on behalf of the ESOP identified in Item
2(a), filing under the Item 3(f) classification, and by each trustee of the
trust established pursuant to the ESOP, filing under the Item 3(h)
classification. Exhibit A contains a disclosure of the voting and dispositive
powers over shares of the issuer held directly by these entities.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.
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Page 8 of 10 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.
CFSB BANCORP, INC.
EMPLOYEE STOCK OWNERSHIP PLAN
/s/ David H. Brogan January 20, 1997
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David H. Brogan, as Trustee Date
/s/ William C. Hollister January 20, 1997
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William C. Hollister, as Trustee Date
/s/ James L. Reutter January 20, 1997
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James L. Reutter, as Trustee Date
/s/ John W. Abbott January 16, 1997
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John W. Abbott, Plan Committee Member Date
/s/ Robert H. Becker January 16, 1997
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Robert H. Becker, Plan Committee Member Date
/s/ Carl C. Farrar January 16, 1997
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Carl C. Farrar, Plan Committee Member Date
/s/ Jane M. Judge January 16, 1997
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Jane M. Judge, Plan Committee Member Date
/s/ Jack G. Nimphie January 16, 1997
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Jack G. Nimphie, Plan Committee Member Date
/s/ Holly L. Schreiber January 16, 1997
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Holly L. Schreiber, Plan Committee Member Date
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Page 9 of 10 Pages
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/s/ C. Wayne Weaver January 16, 1997
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C. Wayne Weaver, Plan Committee Member Date
/s/ David H. Brogan January 20, 1997
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David H. Brogan, as an Individual Stockholder Date
/s/ William C. Hollister January 20, 1997
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William C. Hollister, as an Individual Date
Stockholder
/s/ James L. Reutter January 20, 1997
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James L. Reutter, as an Individual Stockholder Date
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Page 10 of 10 Pages
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Exhibit A
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Identification of Members of Group
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The trustees of the ESOP hold shares of common stock of the issuer in trust
for the benefit of employees participating in the ESOP. Pursuant to Section 6.8
of the ESOP, (i) the trustees vote common stock allocated to participant
accounts as directed by participants, and (ii) shares of common stock of the
issuer which have not been allocated and allocated stock for which no voting
direction has been received shall be voted by the ESOP trustee in the manner
directed by the issuer in its capacity as the ESOP Committee. Pursuant to
Section 7.2(a) of the ESOP, the trustees exercise investment direction as
directed by the issuer in its capacity as the ESOP Committee. Overall, the
ESOP's trustees must exercise voting and dispositive power with respect to the
assets held by the ESOP, including common stock of the issuer, in accordance
with the fiduciary responsibility requirements imposed by Section 404 of the
Employee Retirement Income Security Act of 1974, as amended.
