<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7)
Haven Bancorp, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
419352-10-9
(CUSIP Number)
N/A
Date of Event which Requires Filing of this Statement
Check the appropriate box to designate the rule pursuant to which
the Schedule is filed:
X Rule 13d-1(b)
---
Rule 13d-1(c)
---
Rule 13d-1(d)
---
* 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>
CUSIP No. 419352-10-9 13G Page 2 of 6 Pages
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Columbia Federal Savings Bank Employee Stock Ownership Plan
IRS #11-0639973
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ___
(b) ___
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Employee benefit plan of a Delaware corporation.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER 0
6. SHARED VOTING POWER 0
7. SOLE DISPOSITIVE POWER 0
8. SHARED DISPOSITION POWER 631,925
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
631,925
10. CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES*
___
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.02% of 9,000,237 shares of Common Stock outstanding as
of December 31, 1999
12. TYPE OF REPORTING PERSON*
EP
* SEE INSTRUCTION BEFORE FILLING OUT!
ITEM 1(A)
NAME OF ISSUER: Haven Bancorp, Inc. ("Company")
ITEM 1(B)
ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICE:
615 Merrick Avenue
Westbury, NY 11590
<PAGE>
ITEM 2(A)
NAME OF PERSON FILING: ESOP Committee of the
Board of Directors of CFS Bank
ITEM 2(B)
ADDRESS OF PRINCIPAL BUSINESS OFFICE: c/o Haven Bancorp, Inc.
615 Merrick Avenue
Westbury, NY 11590
ITEM 2(C)
CITIZENSHIP: Employee benefit plan of Delaware corporation.
ITEM 2(D)
TITLE OF CLASS OF SECURITIES: Common stock, par value $.01 per
share ("Common Stock")
ITEM 2(E)
CUSIP Number: 419352-10-9
ITEM 3
The person filing is an:
(f) An employee benefit plan which is subject to the provisions
of the Employee Retirement Income Security Act of 1974, as amended.
ITEM 4
OWNERSHIP:
The following information with respect to the ownership of Common
Stock by the Columbia Federal Savings Bank Employee Stock Ownership
Plan (the "Plan") is provided as of December 31, 1999. None of the
shares set forth below constitute shares the beneficial ownership
of which the Plan had the right to acquire within 60 days following
such date.
(a) Amount Beneficially Owned . . . 631,925
(b) Percent of Class . . . . . . . 7.02%
(c) Number of shares as to which
such person has:
(i) sole power to vote or to
direct the vote . . . . . 0
(ii) shared power to vote or to
direct the vote (1) . . . 0
(iii) sole power to dispose or to
direct disposition of . . 0
(iv) shared power to dispose or to
direct disposition of . . . 631,925
<PAGE>
The Plan was adopted by the Board of Directors of the Company,
effective as of January 1, 1993, and is intended to be a tax-
qualified plan under section 401(a) of the Internal Revenue Code of
1986. The Plan is administered by the ESOP Committee ("Committee")
of CFS Bank ("Bank") which is a wholly-owned subsidiary of the
Company. The Committee currently consists of three directors of
the Bank and the assets of the Plan are held in a trust ("Trust")
for which Chase Manhattan Bank serves as trustee ("Trustee").
Pursuant to the written plan document governing the Plan ("Plan
Document"), each participant in the Plan ("Participant") is en-
titled to direct the Trustee as to the manner in which Common Stock
held by the Plan and allocated to his or her account is voted in
all matters on which shareholders of the Company may vote. Any
unallocated Common Stock is generally required to be voted by the
Trustee in the same proportion as Common Stock which has been allo-
cated to Participants is directed to be voted. Each participant
also has the right to direct whether Common Stock held by the Plan
and allocated to his or her account should be delivered by the
Trustee in response to a tender offer made to holders of Common
Stock and to direct the assertion of dissenters' rights with
respect to any matter in which holders of Common Stock have the
right to assert such rights. Any unallocated Common Stock is
generally required to be delivered by the Trustee in response to a
tender offer, and dissenters' rights with respect to such unallo-
cated Common Stock are required to be asserted in the same propor-
tion as Common Stock which has been allocated to Participants. The
Committee shares dispositive power over Common Stock held under the
Plan since, pursuant to the Plan Document and Trust Agreement, the
Committee can direct the Trustee to purchase or sell shares of
Common Stock if it considers such action to be in the best
interests of the Participants. Notwithstanding the foregoing, the
Trustee is required to vote or deliver, or to assert dissenters'
rights with respect to, all unallocated Common Stock in a manner
determined by the Trustee to be in the best interests of Partici-
pants and their beneficiaries. As of December 31, 1999, of the
631,925 shares of Common Stock held by the Plan, 387,560 were
allocated to the accounts of Participants.
ITEM 5
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: Not applicable.
ITEM 6
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Dividends declared on Common Stock held by the Plan that have
been allocated to the account of a Participant are allocated to the
account of such Participant. Such dividends may be held and
invested in the same manner as funds generally held or invested by
the Plan which are not invested in Common Stock or distributed to
Participants in accordance with and at such time as provided in the
Plan Document. Participants may receive, or direct the receipt of,
proceeds of the sale of Common Stock held by the Plan and allocated
<PAGE>
to their accounts to the extent they have become vested in such
Common Stock and at such times provided in the Plan Document.
Dividends declared on Common Stock held by the Plan and not
allocated to the account of a Participant are used to repay any
loan made to the Plan for the purpose of enabling it to purchase
Common Stock. No Participant has the right to receive or the power
to direct the receipt of dividends on, or the proceeds of the sale
of, more than 5% of the Common Stock issued and outstanding as of
the date hereof.
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 and are held
in the ordinary course of business and 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 and are not held in connection with or as a partici-
pant 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.
Date: February 14, 2000
COLUMBIA FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN
By: ESOP Committee of CFS Bank
/s/ Robert M. Sprotte
By: ____________________________
Robert M. Sprotte
Member
/s/ George S. Worgul
By: ____________________________
George S. Worgul
Member
/s/ Michael J. Levine
By: ____________________________
Michael J. Levine
Member
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7)
Haven Bancorp, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
419352-10-9
(CUSIP Number)
N/A
Date of Event which Requires Filing of this Statement
Check the appropriate box to designate the rule pursuant to which
the Schedule is filed:
X Rule 13d-1(b)
---
Rule 13d-1(c)
---
Rule 13d-1(d)
---
* 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>
CUSIP No. 419352-109 13G Page 2 of 6 Pages
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Columbia Federal Savings Bank Employee Stock Ownership Plan
IRS #11-0639973
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ___
(b) ___
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Employee benefit plan of a Delaware corporation.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER 0
6. SHARED VOTING POWER 244,365
7. SOLE DISPOSITIVE POWER 0
8. SHARED DISPOSITION POWER 631,925
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
631,925
10. CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES*
___
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.02% of 9,000,237 shares of Common Stock outstanding as
of December 31, 1999
12. TYPE OF REPORTING PERSON*
EP
* SEE INSTRUCTION BEFORE FILLING OUT!
ITEM 1(A)
NAME OF ISSUER: Haven Bancorp, Inc. ("Company")
ITEM 1(B)
ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICE:
615 Merrick Avenue
Westbury, NY 11590
<PAGE>
ITEM 2(A)
NAME OF PERSON FILING: Columbia Federal Savings Bank Employee
Stock Ownership Plan
Trustee: Chase Manhattan Bank
ITEM 2(B)
ADDRESS OF PRINCIPAL BUSINESS OFFICE: Chase Manhattan Bank
999 Broad Street
Bridgeport, CT 06604
ITEM 2(C)
CITIZENSHIP: Employee benefit plan of Delaware corporation.
ITEM 2(D)
TITLE OF CLASS OF SECURITIES: Common stock, par value $.01 per
share ("Common Stock")
ITEM 2(E)
CUSIP Number: 419352-10-9
ITEM 3
The person filing is an:
(f) An employee benefit plan which is subject to the provisions
of the Employee Retirement Income Security Act of 1974, as amended.
ITEM 4
OWNERSHIP:
The following information with respect to the ownership of Common
Stock by the Columbia Federal Savings Bank Employee Stock Ownership
Plan (the "Plan") is provided as of December 31, 1999. None of the
shares set forth below constitute shares the beneficial ownership
of which the Plan had the right to acquire within 60 days following
such date.
(a) Amount Beneficially Owned . . . 631,925
(b) Percent of Class . . . . . . . 7.02%
(c) Number of shares as to which
such person has:
(i) sole power to vote or to
direct the vote . . . . . 0
(ii) shared power to vote or to
direct the vote (1) . . . 244,365
(iii) sole power to dispose or to
direct disposition of . . 0
(iv) shared power to dispose or to
direct disposition of . . . 631,925
<PAGE>
- -----------------
(1) This number reflects the unallocated shares held in the ESOP.
All allocated ESOP shares have pass-through voting. In the event
that a participant does not direct his/her vote, those shares would
be voted in proportion to the directions received, in the same
manner as the unallocated shares are voted, and the Trustee would
be deemed to have voting power over such shares.
The Plan was adopted by the Board of Directors of the Company,
effective as of January 1, 1993, and is intended to be a tax-
qualified plan under section 401(a) of the Internal Revenue Code of
1986. The Plan is administered by the ESOP Committee ("Committee")
of CFS Bank ("Bank") which is a wholly-owned subsidiary of the
Company. The Committee currently consists of three directors of
the Bank and the assets of the Plan are held in a trust ("Trust")
for which Chase Manhattan Bank serves as trustee ("Trustee").
Pursuant to the written plan document governing the Plan ("Plan
Document"), each participant in the Plan ("Participant") is en-
titled to direct the Trustee as to the manner in which Common Stock
held by the Plan and allocated to his or her account is voted in
all matters on which shareholders of the Company may vote. Any
unallocated Common Stock is generally required to be voted by the
Trustee in the same proportion as Common Stock which has been allo-
cated to Participants is directed to be voted. Each participant
also has the right to direct whether Common Stock held by the Plan
and allocated to his or her account should be delivered by the
Trustee in response to a tender offer made to holders of Common
Stock and to direct the assertion of dissenters' rights with
respect to any matter in which holders of Common Stock have the
right to assert such rights. Any unallocated Common Stock is
generally required to be delivered by the Trustee in response to a
tender offer, and dissenters' rights with respect to such unallo-
cated Common Stock are required to be asserted in the same propor-
tion as Common Stock which has been allocated to Participants. The
Committee shares dispositive power over Common Stock held under the
Plan since, pursuant to the Plan Document and Trust Agreement, the
Committee can direct the Trustee to purchase or sell shares of
Common Stock if it considers such action to be in the best
interests of the Participants. Notwithstanding the foregoing, the
Trustee is required to vote or deliver, or to assert dissenters'
rights with respect to, all unallocated Common Stock in a manner
determined by the Trustee to be in the best interests of Partici-
pants and their beneficiaries. As of December 31, 1999, of the
631,925 shares of Common Stock held by the Plan, 387,560 were
allocated to the accounts of Participants.
ITEM 5
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: Not applicable.
<PAGE>
ITEM 6
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Dividends declared on Common Stock held by the Plan that have
been allocated to the account of a Participant are allocated to the
account of such Participant. Such dividends may be held and
invested in the same manner as funds generally held or invested by
the Plan which are not invested in Common Stock or distributed to
Participants in accordance with the Plan Document. Participants
may receive, or direct the receipt of, proceeds of the sale of
Common Stock held by the Plan and allocated to their accounts to
the extent they have become vested in such Common Stock and at such
times provided in the Plan Document. No Participant has the right
to receive or the power to direct the receipt of dividends on, or
the proceeds of the sale of, more than 5% of the Common Stock
issued and outstanding as of the date hereof.
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 and are held
in the ordinary course of business and 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 and are not held in connection with or as a partici-
pant in any transaction having that purpose or effect.
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.
Date: February 14, 2000
COLUMBIA FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN
By: Chase Manhattan Bank, as Trustee
/s/ Neyda Ahlstrom
By: ____________________________
Neyda Ahlstrom
Vice President
