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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 4) *
CFSB Bancorp, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
124927 10 4
--------------------
(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 that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 16 pages<PAGE>
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CUSIP No. 124927 10 4 13G Page 2 of 16 Pages
1. NAMES OF REPORTING PERSONS:
CFSB Bancorp, Inc. Employee Stock Ownership Plan
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
38-2920051
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ]
(b) [ X ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of Michigan
Number of Shares Beneficially Owned by Each Reporting Person
with:
5. SOLE VOTING POWER 0
6. SHARED VOTING POWER 659,227
7. SOLE DISPOSITIVE POWER: 0
8. SHARED DISPOSITIVE POWER: 659,227
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 659,227
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES CERTAIN
SHARES: [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 8.7%
12. TYPE OF REPORTING PERSON: EP
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CUSIP No. 124927 10 4 13G Page 3 of 16 Pages
1. NAMES OF REPORTING PERSONS:
David H. Brogan
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ]
(b) [ X ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
Number of Shares Beneficially Owned by Each Reporting Person
with:
5. SOLE VOTING POWER 74,285
6. SHARED VOTING POWER 78,842
7. SOLE DISPOSITIVE POWER: 74,285
8. SHARED DISPOSITIVE POWER: 78,842
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 153,127
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES: [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 2.0%
12. TYPE OF REPORTING PERSON: IN
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CUSIP No. 124927 10 4 13G Page 4 of 16 Pages
1. NAMES OF REPORTING PERSONS:
William C. Hollister
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ]
(b) [ X ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
Number of Shares Beneficially Owned by Each Reporting Person
with:
5. SOLE VOTING POWER 97,123
6. SHARED VOTING POWER 78,842
7. SOLE DISPOSITIVE POWER: 97,123
8. SHARED DISPOSITIVE POWER: 78,842
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 175,965
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES: [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 2.3%
12. TYPE OF REPORTING PERSON: IN
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CUSIP No. 124927 10 4 13G Page 5 of 16 Pages
1. NAMES OF REPORTING PERSONS:
James L. Reutter
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ]
(b) [ X ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
Number of Shares Beneficially Owned by Each Reporting Person
with:
5. SOLE VOTING POWER 134,570
6. SHARED VOTING POWER 78,842
7. SOLE DISPOSITIVE POWER: 134,570
8. SHARED DISPOSITIVE POWER: 78,842
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 213,412
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES: [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 2.8%
12. TYPE OF REPORTING PERSON: IN
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CUSIP No. 124927 10 4 13G Page 6 of 16 Pages
1. NAMES OF REPORTING PERSONS:
John W. Abbott
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ]
(b) [ X ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
Number of Shares Beneficially Owned by Each Reporting Person
with:
5. SOLE VOTING POWER 109,469
6. SHARED VOTING POWER 78,842
7. SOLE DISPOSITIVE POWER: 109,469
8. SHARED DISPOSITIVE POWER: 78,842
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 188,311
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES: [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 2.5%
12. TYPE OF REPORTING PERSON: IN
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CUSIP No. 124927 10 4 13G Page 7 of 16 Pages
1. NAMES OF REPORTING PERSONS:
Robert H. Becker
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ]
(b) [ X ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
Number of Shares Beneficially Owned by Each Reporting Person
with:
5. SOLE VOTING POWER 488,118
6. SHARED VOTING POWER 78,842
7. SOLE DISPOSITIVE POWER: 488,118
8. SHARED DISPOSITIVE POWER: 78,842
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 566,960
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES: [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 7.4%
12. TYPE OF REPORTING PERSON: IN
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CUSIP No. 124927 10 4 13G Page 8 of 16 Pages
1. NAMES OF REPORTING PERSONS:
Carl C. Farrar
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ]
(b) [ X ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
Number of Shares Beneficially Owned by Each Reporting Person
with:
5. SOLE VOTING POWER 9,412
6. SHARED VOTING POWER 78,842
7. SOLE DISPOSITIVE POWER: 9,412
8. SHARED DISPOSITIVE POWER: 78,842
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 88,254
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES: [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 1.2%
12. TYPE OF REPORTING PERSON: IN
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CUSIP No. 124927 10 4 13G Page 9 of 16 Pages
1. NAMES OF REPORTING PERSONS:
Jane M. Judge McMillian
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY:)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ]
(b) [ X ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
Number of Shares Beneficially Owned by Each Reporting Person
with:
5. SOLE VOTING POWER 1,792
6. SHARED VOTING POWER 78,842
7. SOLE DISPOSITIVE POWER: 1,792
8. SHARED DISPOSITIVE POWER: 78,842
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 80,634
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES: [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 1.1%
12. TYPE OF REPORTING PERSON: IN
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CUSIP No. 124927 10 4 13G Page 10 of 16 Pages
1. NAMES OF REPORTING PERSONS:
Rick L. Laber
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ]
(b) [ X ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
Number of Shares Beneficially Owned by Each Reporting Person
with:
5. SOLE VOTING POWER 300
6. SHARED VOTING POWER 78,842
7. SOLE DISPOSITIVE POWER: 300
8. SHARED DISPOSITIVE POWER: 78,842
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 79,142
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES: [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 1.0%
12. TYPE OF REPORTING PERSON: IN
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CUSIP No. 124927 10 4 13G Page 11 of 16 Pages
1. NAMES OF REPORTING PERSONS:
Jack G. Nimphie
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ]
(b) [ X ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
Number of Shares Beneficially Owned by Each Reporting Person
with:
5. SOLE VOTING POWER 39,878
6. SHARED VOTING POWER 78,842
7. SOLE DISPOSITIVE POWER: 39,878
8. SHARED DISPOSITIVE POWER: 78,842
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 118,720
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES: [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 1.6%
12. TYPE OF REPORTING PERSON: IN
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CUSIP No. 124927 10 4 13G Page 12 of 16 Pages
1. NAMES OF REPORTING PERSONS:
C. Wayne Weaver
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ]
(b) [ X ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
Number of Shares Beneficially Owned by Each Reporting Person
with:
5. SOLE VOTING POWER 50,847
6. SHARED VOTING POWER 78,842
7. SOLE DISPOSITIVE POWER: 50,847
8. SHARED DISPOSITIVE POWER: 78,842
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 129,689
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES: [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 1.7%
12. TYPE OF REPORTING PERSON: IN
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Page 13 of 16 Pages
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 (i) as trustees
of the trust established under the ESOP and (ii) as members of
the ESOP committee: David H. Brogan, William C. Hollister, James
L. Reutter, John W. Abbott, Robert H. Becker, Carl C. Farrar,
Jane M. Judge McMillian, Rick L. Laber, Jack G. Nimphie, and C.
Wayne Weaver.
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),
Items (a) (b) (c) (d) (e) (g) and (h) - not applicable.
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 ESOP committee member and trustee of the trust established
pursuant to the ESOP, filing pursuant to SEC no-action letters.
Exhibit A contains a disclosure of the voting and dispositive
powers over shares of the issuer held directly by these entities.<PAGE>
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Page 14 of 16 Pages
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.
Pursuant to Section 6.7 of the ESOP, the Board of Directors has the
power to direct the receipt of dividends on shares held in the ESOP trust.
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.
Not applicable.
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.<PAGE>
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Page 15 of 16 Pages
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
By Its Trustees:
/s/ David H. Brogan January 26, 1998
__________________________________ ________________
David H. Brogan, as Trustee and Date
Individual Stockholder
/s/ William C. Hollister February 17, 1998
__________________________________ _________________
William C. Hollister, as Trustee Date
and Individual Stockholder
/s/ James L. Reutter January 27, 1998
__________________________________ ________________
James L. Reutter, as Trustee and Date
Individual Stockholder
/s/ John W. Abbott January 26, 1998
_________________________________________ ________________
John W. Abbott, Plan Committee Member Date
and Individual Stockholder
/s/ Robert H. Becker January 22, 1998
_________________________________________ ________________
Robert H. Becker, Plan Committee Member Date
and Individual Stockholder
/s/ Carl C. Farrar January 28, 1998
_________________________________________ ________________
Carl C. Farrar, Plan Committee Member Date
and Individual Stockholder
/s/ Jane M. Judge McMillian January 28, 1998
_________________________________________ ________________
Jane M. Judge McMillian, Plan Committee Date
Member and Individual Stockholder
/s/ Rick L. Laber January 22, 1998
_________________________________________ ________________
Rick L. Laber, Plan Committee Member Date
and Individual Stockholder
/s/ Jack G. Nimphie January 22, 1998
_________________________________________ ________________
Jack G. Nimphie, Plan Committee Member Date
and Individual Stockholder
/s/ C. Wayne Weaver January 22, 1998
_________________________________________ ________________
C. Wayne Weaver, Plan Committee Member Date
and Individual Stockholder
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Page 16 of 16 Pages
Exhibit A
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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 ESOP Committee. Pursuant to Section 7.2(a) of
the ESOP, the trustees exercise investment direction as directed by 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.
