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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
First Mutual Bancorp Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
320941107
(CUSIP Number)
Charles A. Nalbone, Bear, Stearns & Co. Inc.
115 South Jefferson Road, Whippany, NJ 07981
(973) 793-2202
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 14, 1998
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(b) (3) or (4), check the
following box [ ] .
Check the following box if a fee is being paid with this statement
[ ] . (A fee is not required only if the reporting person: 1) has a
previous statement on file reporting beneficial ownership of more than
five percent of the class of securities described in Item 1; and 2) has
filed no amendment subsequent thereto reporting beneficial ownership of five
percent or less of such class. (See Rule 13d-7)
Note: When filing this statement, in paper format, six copies of
this statement, including exhibits, should be filed with the Commission.
See Rule 13d-1(a) for other parties to whom copies are to be sent.
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CUSIP NO. 320941107
13D
NAME OF REPORTING PERSON
S.S. OR I.R.S. NOTIFICATION NO. OF ABOVE PERSON:
1 BEAR, STEARNS & CO. INC.
IRS #13-3299429
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*:
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*:
WC, PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d)(e):
[ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
7 SOLE VOTING POWER:
156,149
8 SHARED VOTING POWER:
21,332
9 SOLE DISPOSITIVE POWER:
156,149
10 SHARED DISPOSITIVE POWER:
21,332
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
177,481
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*:
[ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
5.02
14 TYPE OF REPORTING PERSON*:
BD
See Instructions Before Filling Out!
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SCHEDULE 13D
Item 1: Security and Issuer
(a) Title and Class: Common Stock
(b) Name and address: First Mutual Bancorp Inc.
135 East Main Street
Decatur, IL 62523
Item 2: Identity and Background Identity
(a) Name: Bear, Stearns & Co. Inc. ("Bear
Stearns")
(b) Place of Organization: Delaware
(c)(i) Principal Business: Securities Broker/Dealer
(ii) Address: 245 Park Avenue
New York, NY 10167
The following information with respect to each executive officer and
director of Bear Stearns is set forth on Appendix I hereto: (i) name,
(ii) business address, and (iii) principal occupation or employment.
(d) None
(e) See Appendix II
(f) See Appendix I
Item 3: Source and Amount of Funds or Other Consideration
Working capital of Bear Stearns and personal funds of discretionary
accounts. The aggregate purchase price of the 254,681 shares of Common Stock
was approximately $4,249,989.
Item 4: Purpose of Transaction
Bear Stearns has acquired the Common Stock of First Mutual Bancorp Inc.
in the ordinary course of its business as a broker/dealer in connection
with its trading and investment activities. Bear Stearns may acquire
additional securities of the Issuer or dispose of securities of the Issuer
in connection with such trading and investment activities. Although the
foregoing represents the range of activities presently contemplated by
Bear Stearns with respect to the Issuer, it should be noted that the possible
activities of Bear Stearns are subject to change at any time.
Except as set forth above, Bear Stearns has no present plans or
intentions which relate to or would result in any of the actions described in
subparagraph (a) through (j) of Item 4 of Schedule 13D.
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SCHEDULE 13D
Item 5: Interest in Securities of the Issuer as of 12/14/98
(a) Number: 177,481
Percentage: 5.02
(b) 1. Sole power to vote or to direct the vote: 156,149
2. Shared power to vote or to direct the vote: 21,332
3. Sole power to dispose or to direct the disposition: 156,149
4. Shared power to dispose or to direct the disposition: 21,332
(c) Information concerning transactions in the common stock effected by
Bear Stearns is set forth on Appendix III hereto.
(d) Inapplicable.
(e) Inapplicable.
Item 6: Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer:
None
Item 7: Material to be Filed as Exhibits:
None
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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.
Dated: 12/23/98 BEAR, STEARNS & CO. INC.
By: /s/
Barry J. Cohen
Senior Managing Director
APPENDIX I
DIRECTORS AND EXECUTIVE OFFICERS OF BEAR, STEARNS & CO. INC.
Name Principal Occupation or Employment
Alan C. Greenberg Chairman of the Board and Director
James E. Cayne President, Chief Executive Officer and Director
Alan D. Schwartz Executive Vice President and Director
Warren J. Spector Executive Vice President and Director
Michael L. Tarnopol Executive Vice President and Director
John L. Knight Director
John M. Slade Director Emeritus
Kenneth L. Edlow Secretary
Samuel L. Molinaro, Jr. Chief Financial Officer
Michael J. Abatemarco Controller and Assistant Secretary
Michael Minikes Treasurer
Frederick B. Casey Assistant Treasurer
Mark E. Lehman Executive Vice President, General Counsel and
Director
William J. Montgoris Chief Operating Officer
John L. Knight is a citizen of the United Kingdom and his business
address is One Canada Square London E16 5AD England. Michael J. Abatemarco
is a citizen of the United States and his business address is One Metrotech
Center North, Brooklyn, New York 11201. All other Directors and Executive
Officers are citizens of the United States and their business address is 245
Park Avenue, New York, New York 10167. Bear, Stearns & Co. Inc. is a
wholly-owned subsidiary of The Bear Stearns Companies Inc. and of the persons
named, all but John L. Knight hold similar office in the parent company.
APPENDIX II Page 7
BEAR, STEARNS & CO. INC.
First Mutual Bancorp Inc.
Trading from 08-05-98 through 12-24-98
(Various Firm Accounts)
***** 12/14 *****
1,000 FIRST MUTUAL BANCORP INC 18 18,000.00
***** 12/11 *****
1,000 FIRST MUTUAL BANCORP INC 17 7/8 17,875.00
***** 12/10 *****
1,000 FIRST MUTUAL BANCORP INC 17 15/16 17,937.50
1,000- FIRST MUTUAL BANCORP INC 17 15/16 17,936.90-
***** 12/07 *****
400 FIRST MUTUAL BANCORP INC 17 7/8 7,150.00
***** 11/23 *****
200 FIRST MUTUAL BANCORP INC 17 3/4 3,550.00
500 FIRST MUTUAL BANCORP INC 17 7/8 8,937.50
1,300 FIRST MUTUAL BANCORP INC 17 3/4 23,075.00
1,400 FIRST MUTUAL BANCORP INC 17 7/8 25,025.00
7,000 FIRST MUTUAL BANCORP INC 17 3/4 124,250.00
***** 11/16 *****
710 FIRST MUTUAL BANCORP INC 18 12,780.00
***** 11/12 *****
4,000- FIRST MUTUAL BANCORP INC 17 9/16 70,247.65-
***** 11/04 *****
400 FIRST MUTUAL BANCORP INC 17 1/16 6,825.00
4,500 FIRST MUTUAL BANCORP INC 17 1/16 76,781.25
***** 10/29 *****
100- FIRST MUTUAL BANCORP INC 16 3/4 1,674.94-
100- FIRST MUTUAL BANCORP INC 16 11/16 1,668.69-
800- FIRST MUTUAL BANCORP INC 16 1/2 13,199.56-
***** 10/23 *****
100 FIRST MUTUAL BANCORP INC 16 3/8 1,637.50
1,000- FIRST MUTUAL BANCORP INC 16.4414 16,440.86-
***** 10/22 *****
100- FIRST MUTUAL BANCORP INC 16 1/2 1,649.94-
***** 10/16 *****
1,000 FIRST MUTUAL BANCORP INC 16 1/2 16,500.00
1,000 FIRST MUTUAL BANCORP INC 16 3/4 16,750.00
***** 10/15 *****
271 FIRST MUTUAL BANCORP INC 16 3/8 4,437.63
***** 09/25 *****
700 FIRST MUTUAL BANCORP INC 16 5/8 11,637.50
***** 09/17 *****
1,000- FIRST MUTUAL BANCORP INC 16 7/8 16,874.43-
***** 09/15 *****
1,000- FIRST MUTUAL BANCORP INC 16 3/4 16,749.44-
***** 09/14 *****
1,000- FIRST MUTUAL BANCORP INC 15 14,999.50-
1,000- FIRST MUTUAL BANCORP INC 15 3/4 15,749.47-
1,500- FIRST MUTUAL BANCORP INC 15 1/2 23,249.22-
***** 09/11 *****
1,000 FIRST MUTUAL BANCORP INC 14 3/4 14,750.00
1,000 FIRST MUTUAL BANCORP INC 14 1/4 14,250.00
1,000- FIRST MUTUAL BANCORP INC 14 3/4 14,749.50-
1,000- FIRST MUTUAL BANCORP INC 14 1/4 14,249.52-
***** 09/10 *****
1,000 FIRST MUTUAL BANCORP INC 15 1/4 15,250.00
***** 09/08 *****
1,000 FIRST MUTUAL BANCORP INC 16 1/4 16,250.00
1,000 FIRST MUTUAL BANCORP INC 15 3/4 15,750.00
***** 09/03 *****
600 FIRST MUTUAL BANCORP INC 16 7/8 10,125.00
1,000 FIRST MUTUAL BANCORP INC 16.8750 16,875.00
1,000 FIRST MUTUAL BANCORP INC 16.8750 16,875.00
1,000 FIRST MUTUAL BANCORP INC 16.8750 16,875.00
1,000 FIRST MUTUAL BANCORP INC 16.8750 16,875.00
1,000 FIRST MUTUAL BANCORP INC 16.8750 16,875.00
5,000 FIRST MUTUAL BANCORP INC 16 7/8 84,375.00
5,000 FIRST MUTUAL BANCORP INC 16 7/8 84,375.00
7,000 FIRST MUTUAL BANCORP INC 16.8750 118,125.00
7,500 FIRST MUTUAL BANCORP INC 16.8750 126,562.50
9,000 FIRST MUTUAL BANCORP INC 16.8750 151,875.00
9,000 FIRST MUTUAL BANCORP INC 16.8750 151,875.00
9,000 FIRST MUTUAL BANCORP INC 16.8750 151,875.00
24,000 FIRST MUTUAL BANCORP INC 16.8750 405,000.00
20,000- FIRST MUTUAL BANCORP INC 16 7/8 337,488.76-
1,668 FIRST MUTUAL BANCORP INC 16 7/8 28,147.50
***** 09/01 *****
1,000 FIRST MUTUAL BANCORP INC 16 5/8 16,625.00
***** 08/31 *****
300 FIRST MUTUAL BANCORP INC 16.6250 4,987.50
1,300 FIRST MUTUAL BANCORP INC 16.6250 21,612.50
3,100 FIRST MUTUAL BANCORP INC 16.6250 51,537.50
***** 08/28 *****
8,000 FIRST MUTUAL BANCORP INC 16 3/4 134,000.00
***** 08/26 *****
1,000 FIRST MUTUAL BANCORP INC 16 7/8 16,875.00
***** 08/25 *****
500 FIRST MUTUAL BANCORP INC 17 1/4 8,625.00
900 FIRST MUTUAL BANCORP INC 17 15,300.00
1,100 FIRST MUTUAL BANCORP INC 17 18,700.00
***** 08/24 *****
1,000 FIRST MUTUAL BANCORP INC 17 17,000.00
***** 08/11 *****
1,000 FIRST MUTUAL BANCORP INC 17 1/4 17,250.00
***** 08/05 *****
1,000- FIRST MUTUAL BANCORP INC 18 17,999.40-
***** 08/04 *****
300 FIRST MUTUAL BANCORP INC 17.5000 5,250.00
400 FIRST MUTUAL BANCORP INC 17 1/8 6,850.00
1,000 FIRST MUTUAL BANCORP INC 17 1/2 17,500.00
2,000 FIRST MUTUAL BANCORP INC 17.5000 35,000.00
4,700 FIRST MUTUAL BANCORP INC 17.5000 82,250.00
5,000 FIRST MUTUAL BANCORP INC 17.5000 87,500.00
3,000- FIRST MUTUAL BANCORP INC 17.5000 52,498.25
***** 08/03 *****
100 FIRST MUTUAL BANCORP INC 17 1/2 1,750.00
500 FIRST MUTUAL BANCORP INC 17 1/2 8,750.00
700 FIRST MUTUAL BANCORP INC 17.5000 12,250.00
1,000 FIRST MUTUAL BANCORP INC 17 1/2 17,500.00
1,000 FIRST MUTUAL BANCORP INC 17.5000 17,500.00
4,000 FIRST MUTUAL BANCORP INC 17.5625 70,250.00
***** 07/31 *****
2,000 FIRST MUTUAL BANCORP INC 17 1/8 34,250.00
7,500 FIRST MUTUAL BANCORP INC 17 5/16 129,843.75
***** 07/30 *****
5,000 FIRST MUTUAL BANCORP INC 17 5/16 86,562.50
***** 07/28 *****
600 FIRST MUTUAL BANCORP INC 17.3125 10,387.50
***** 07/27 *****
2,500 FIRST MUTUAL BANCORP INC 17.3125 43,281.25
5,500 FIRST MUTUAL BANCORP INC 17.3125 95,218.75
***** 07/23 *****
500 FIRST MUTUAL BANCORP INC 17.2500 8,625.00
***** 07/21 *****
400 FIRST MUTUAL BANCORP INC 17.2500 6,900.00
1,500 FIRST MUTUAL BANCORP INC 17.2500 25,875.00
***** 07/20 *****
1,100 FIRST MUTUAL BANCORP INC 17.2500 18,975.00
2,000 FIRST MUTUAL BANCORP INC 17.2500 34,500.00
***** 07/17 *****
1,000 FIRST MUTUAL BANCORP INC 17 17,000.00
***** 07/14 *****
15,000 FIRST MUTUAL BANCORP INC 17 255,000.00
(Various Discretionary Accounts)
***** 09/03 *****
4,965 FIRST MUTUAL BANCORP INC 16 7/8 83,784.38
1,883 FIRST MUTUAL BANCORP INC 16 7/8 31,775.63
5,690 FIRST MUTUAL BANCORP INC 16 7/8 96,018.75
5,794 FIRST MUTUAL BANCORP INC 16 7/8 97,773.75
***** 08/05 *****
3,000 FIRST MUTUAL BANCORP INC 17.5000 52,500.00
