UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Staff Leasing, Inc.
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(Name of issuer)
Common Stock ($.01 par value)
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(Title of class of securities)
0008523811
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(CUSIP number)
January 1, 1999
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(Date of Event which requires filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
schedule is filed:
[ ] Rule 13d-1 (b)
[X] Rule 13d-1 (c)
[ ] Rule 13d-1 (d)
<PAGE>
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1 NAME OF REPORTING PERSON Compagnie Financiere de Paribas
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
Republic of France
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NUMBER OF SHARES BENEFICIALLY OWNED BY 5 SOLE VOTING POWER -0-(1)
EACH REPORTING PERSON WITH
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6 SHARED VOTING POWER -0-
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7 SOLE DISPOSITIVE POWER -0-(1)
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8 SHARED DISPOSITIVE POWER -0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0- (1)
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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)
-0- (1)
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12 TYPE OF REPORTING PERSON
00
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(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
Paribas. Such shares of Staff Leasing common stock are not included above
so as to avoid double counting.
<PAGE>
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1 NAME OF REPORTING PERSON Paribas
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
Republic of France
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NUMBER OF SHARES BENEFICIALLY OWNED BY 5 SOLE VOTING POWER 2,746,891(2)
EACH REPORTING PERSON WITH
------ -----------------------------------
6 SHARED VOTING POWER -0-
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7 SOLE DISPOSITIVE POWER 2,746,891(2)
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8 SHARED DISPOSITIVE POWER -0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,746,891 (2)
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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)
12.2
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12 TYPE OF REPORTING PERSON
BK
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(2) Consists of 1,323,521 shares of common stock owned by Paribas Principal
Inc. ("Paribas Principal"), a wholly-owned subsidiary of Paribas, 425,000
shares of common stock owned by Paribas North America, Inc., a wholly-owned
subsidiary of Paribas and warrants to purchase 998,370 shares of
common stock held by Paribas Principal.
<PAGE>
Item 1(a). Name of Issuer:
Staff Leasing, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
600 301 Boulevard West
Bradeton, 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. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is a:
(a) [_] Broker or dealer registered under section 15 of the Act;
(b) [_] Bank as defined in section 3(a)(6) of the Act;
(c) [_] Insurance Company as defined in section 3(a)(19) of the Act;
(d) [_] Investment Company registered under section 8 of the
Investment Company Act of 1940;
(e) [_] An investment adviser in accordance with Rule 13d-1
(b)(1)(ii)(E);
(f) [_] An employee benefit plan, or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in section 3(b) of the
Federal Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box.
[X]
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
(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
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 not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired in connection with or as a
participant in any transaction having that purpose or effect.
<PAGE>
Item 1(a). Name of Issuer:
Staff Leasing, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
600 301 Boulevard West
Bradeton, Florida 34205
Item 2(a). Name of Person Filing:
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. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is a:
(a) [_] Broker or dealer registered under section 15 of the Act;
(b) [_] Bank as defined in section 3(a)(6) of the Act;
(c) [_] Insurance Company as defined in section 3(a)(19) of the
Act;
(d) [_] Investment Company registered under section 8 of the
Investment Company Act of 1940;
(e) [_] An investment adviser in accordance with Rule 13d-1
(b)(1)(ii)(E);
(f) [_] An employee benefit plan, or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in section 3(b) of the
Federal Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940;
(j) [_] Group, in accordance with Rule 13d-1 (b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1 (c), check this box. [X]
Item 4. Ownership.
(a) Amount beneficially owned:
2,746,891 (4)
(b) Percent of class:
12.2%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
2,746,891 (4)
(ii) Shared power to vote or to direct the
vote:
0
(iii) Sole power to dispose or to direct the
disposition of:
2,746,891 (4)
(iv) Shared power to dispose or to direct
the disposition of:
0.
4 Consists of 1,323,521 shares of common stock owned by Paribas Principal
Inc. ("Paribas Principal"), a wholly-owned subsidiary of Paribas, 425,000
shares of common stock owned by Paribas North America, Inc., a wholly-owned
subsidiary of Paribas and warrants to purchase 998,370 shares of common
stock held by Paribas Principal.
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 not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired in connection with or as a
participant in any transaction having that 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 Coufin
-----------------------------
Name: Herve Coufin
Title: Directoire
PARIBAS
By: /s/ Gary Binning
-----------------------------
Name: Gary Binning
Title: Partner
