SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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)
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.
STAFF LEASING, INC.
(NAME OF ISSUER)
Common Stock ($.01 par value)
(TITLE OF CLASS OF SECURITIES)
0008523811
(CUSIP NUMBER)
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<PAGE>
CUSIP No. 0008523811 13G Page 2 of 5 Pages
<TABLE>
<CAPTION>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Compagnie Financiere de Paribas
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON _______________
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (_)
(b) (X)
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of France
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY 5 SOLE VOTING POWER -0- (1)
EACH REPORTING PERSON WITH
--------------------------------------------------------------------------------
6 SHARED VOTING POWER -0-
--------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER -0- (1)
--------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0- (1)
- ------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES ( )
- ------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
-0- (1)
- ------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
(1) Compagnie Financiere de Paribas may be deemed to be the beneficial owner of
the common stock of Staff Leasing reported herein through its ownership of
Banque Paribas. Such shares of Staff Leasing common stock are not included above
so as to avoid double counting.
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Banque Paribas
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON _______________
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (_)
(b) (X)
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of France
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY 5 SOLE VOTING POWER 2,975,880 (2)
EACH REPORTING PERSON WITH
--------------------------------------------------------------------------------
6 SHARED VOTING POWER -0-
--------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER 2,975,880 (2)
--------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,975,880 (2)
- ------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES ( )
- ------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.4
- ------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
BK
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
(2) Includes warrants to purchase 1,335,362 shares of common stock held by
Paribas North America, Inc. and Paribas Principal Incorporated, each a
wholly-owned subsidiary of Banque Paribas.
</FN>
</TABLE>
<PAGE>
SCHEDULE 13G
Item 1(a). Name of Issuer:
Staff Leasing, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
600 301 Boulevard West
Bradenton, Florida 34205
Item 2(a). Name of Person Filing:
Compagnie Financiere de Paribas
Item 2(b). Address of Principal Business Office or, if None, Residence:
787 Seventh Avenue
New York, NY 10019
Item 2(c). Citizenship:
French
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
0008523811
Item 3. Not applicable.
Item 4. Ownership.
(a) Amount beneficially owned:
0 (3)
(b) Percent of class:
0 (3)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
0 (3)
(ii) Shared power to vote or to direct the vote:
0
<PAGE>
(iii) Sole power to dispose or to direct the
disposition of:
0 (3)
(iv) Shared power to dispose or to direct the
disposition of:
0.
(3) Compagnie Financiere de Paribas may be deemed to be the beneficial owner of
the common stock of Staff Leasing reported herein through its ownership of
Banque Paribas. Such shares of Staff Leasing common stock are not included above
so as to avoid double counting.
Item 5. Not applicable
Item 6. Not applicable
Item 7. Not applicable
Item 8. Not applicable
Item 9. 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.
Item 1(a). Name of Issuer:
Staff Leasing, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
600 301 Boulevard West
Bradenton, Florida 34205
Item 2(a). Name of Person Filing:
Banque Paribas
Item 2(b). Address of Principal Business Office or, if None, Residence:
787 Seventh Avenue
New York, NY 10019
Item 2(c). Citizenship:
French
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
0008523811
<PAGE>
Item 3. Not applicable.
Item 4. Ownership.
(a) Amount beneficially owned:
2,975,880 (4)
(b) Percent of class:
12.4%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
2,975,880 (4)
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
2,975,880 (4)
(iv) Shared power to dispose or to direct the disposition
of:
0.
(4) Includes warrants to purchase 1,335,362 shares of common stock held by
Paribas North America, Inc. and Paribas Principal Incorporated, each a
wholly-owned subsidiary of Banque Paribas.
Item 5. Not applicable
Item 6. Not applicable
Item 7. Not applicable
Item 8. Not applicable
Item 9. 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>
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.
COMPAGNIE FINANCIERE de PARIBAS
By: /s/ Herve Couffin
-----------------------------
Name: Herve Couffin
Title: Directoire
BANQUE PARIBAS
By: /s/ Stephen Eisenstein
-----------------------------
Name: Stephen Eisenstein
Title: Partner
