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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 11)
GOLDEN STATE BANCORP INC.
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(Name of issuer)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
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(Title of class of securities)
381197 10 2
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(CUSIP number)
Barry F. Schwartz
35 East 62nd Street
New York, New York 10021
(212) 572-8600
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(Name, address and telephone number of person
authorized to receive notices and communications)
DECEMBER 29, 2000
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(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 9.
Page 1 of 8 Pages
Exhibit Index on Page 8
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CUSIP NO. 381197 10 2 13D PAGE 2 OF 8 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Mafco Holdings Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 42,949,525
REPORTING ----------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
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10 SHARED DISPOSITIVE POWER
42,949,525
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,949,525
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.0%
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14 TYPE OF REPORTING PERSON*
CO
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CUSIP NO. 381197 10 2 13D PAGE 3 OF 8 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
GSB Investments Corp.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 42,949,525
REPORTING -----------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
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10 SHARED DISPOSITIVE POWER
42,949,525
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,949,525
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.0%
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14 TYPE OF REPORTING PERSON*
CO
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This statement amends and supplements the Statement on Schedule 13D,
dated September 11, 1998, as amended by Amendment No. 1 thereto, dated December
30, 1998, Amendment No. 2 thereto, dated January 21, 1999 and Amendment No. 3
thereto, dated August 25, 1999, filed by (a) Mafco Holdings Inc., a Delaware
corporation ("Mafco Holdings"), (b) GSB Investments Corp., a Delaware
corporation and an indirect wholly owned subsidiary of Mafco Holdings
("Investments Corp."), (c) Ford Diamond Corporation, a Texas corporation ("FDC")
and (d) Hunter's Glen/Ford, Ltd., a Texas limited partnership ("Hunter's Glen")
and Amendment No. 4 thereto, dated December 17, 1999, Amendment No. 5 thereto,
dated May 23, 2000, Amendment No. 6 thereto, dated August 30, 2000, Amendment
No. 7 thereto, dated December 18, 2000, Amendment No. 8 thereto, dated December
20, 2000, Amendment No. 9 thereto dated December 21, 2000 and Amendment No. 10
thereto dated December 29, 2000 filed by (a) Mafco Holdings and (b) Investments
Corp. (as so amended, the "Schedule 13D"), with respect to the common stock, par
value $1.00 per share (the "Common Stock"), of Golden State Bancorp Inc., a
Delaware corporation (the "Company"). The principal executive offices of the
Company are located at 135 Main Street, San Francisco, California 94105.
Capitalized terms used herein shall have the meanings ascribed to them in the
Schedule 13D unless otherwise defined.
Item 4. Purpose of Transaction.
The following is added to the response to Item 4:
On December 29, 2000 Mafco Holdings and Investments Corp. signed a term
sheet (the "December 29, 2000 Term Sheet") with Credit Suisse First Boston
International ("CSFBI") and Credit Suisse First Boston Corporation ("CSFB") in
contemplation of entering into a SAILS Mandatorily Exchangeable Securities
Contract (a "SAILS Agreement") with respect to up to 1,695,200 shares of Common
Stock.
The Reporting Persons acquired and continue to hold the shares of
Common Stock reported herein for investment purposes. In this connection, the
Reporting Persons expect to evaluate on an ongoing basis their investment in the
Company, and may from time to time acquire or dispose of additional shares of
Common Stock (in each case, depending upon general investment policies, market
conditions and other factors) or formulate other purposes, plans or proposals
regarding the Company or the Common Stock held by the Reporting Persons to the
extent deemed advisable in light of general investment policies, market
conditions and other factors. Any such acquisitions or dispositions may be made,
subject to applicable law, in open market transactions, privately negotiated
transactions or, in the case of dispositions, pursuant to a registration
statement.
Page 4 of 8
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Item 5. Interest in Securities of the Issuer.
The following is added to the response to Item 5:
(a) - (b) As of October 31, 2000, based upon the Company's quarterly
report on Form 10-Q for the third quarter 2000, there were 134,238,004
outstanding shares of Common Stock. Subject to (i) the terms of the SAILS
Agreement and the Pledge Agreement each dated December 19, 2000 with respect to
3,000,000 shares of Common Stock as reported in Amendment No. 8 to this
Statement on Schedule 13D, (ii) the terms of the SAILS Agreement and the Pledge
Agreement each dated December 28, 2000 with respect to 1,304,800 shares of
Common Stock as reported in Amendment No. 10 to this Statement on Schedule 13D
and (iii) to the terms of the SAILS Agreement with respect to up to an
additional 1,695,200 shares of Common Stock contemplated by the December 29,
2000 Term Sheet, Mafco Holdings and Investments Corp. may be deemed to share
beneficial ownership of 42,949,525 shares of Common Stock, representing 32.0% of
the Common Stock outstanding.
(c) Other than the transactions described in Item 4 of this Schedule
13D, there were no transactions by the Reporting Persons or, to the knowledge of
the Reporting Persons, any of the persons named on Schedule I hereto during the
past 60 days.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
The following is added to the response to Item 6:
On December 29, 2000, Mafco Holdings, Investments Corp., CSFBI and CSFB
entered into the December 29, 2000 Term Sheet. On each closing date (as defined
in the December 29, 2000 Term Sheet), Investments Corp. will deposit into a
collateral account with CSFBI such number of shares of Common Stock (not to
exceed 1,695,200 in the aggregate) as are the subject of the particular SAILS
Agreement (the "Underlying Shares") and CSFBI will pay to Investments Corp. the
proceeds amount (as defined in the December 29, 2000 Term Sheet). On
Page 5 of 8
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the maturity date or earlier termination of each SAILS Agreement, Investments
Corp. will have the right to settle its obligations to CSFBI with respect to the
Underlying Shares by delivering such portion of the Underlying Shares, or the
cash equivalent thereof, as determined pursuant to the December 29, 2000 Term
Sheet. The December 29, 2000 Term Sheet contemplates that the parties will enter
into a SAILS Agreement, Pledge Agreement and other customary ancillary
agreements.
Item 7. Materials to be Filed as Exhibits.
Item 7 is hereby amended to add the following at the end thereof:
Exhibit 15. Term Sheet dated December 29, 2000 among Mafco Holdings
Inc., GSB Investments Corp., Credit Suisse First Boston
International and Credit Suisse First Boston Corporation
Page 6 of 8
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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.
Date: January 3, 2001
MAFCO HOLDINGS INC.
By: /s/ Glenn P. Dickes
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Glenn P. Dickes
Senior Vice President
GSB INVESTMENTS CORP.
By: /s/ Glenn P. Dickes
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Glenn P. Dickes
Senior Vice President
Page 7 of 8
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EXHIBIT INDEX
Exhibit
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15 Term Sheet dated December 29, 2000 among Mafco Holdings Inc., GSB
Investments Corp., Credit Suisse First Boston International and
Credit Suisse First Boston Corporation
Page 8 of 8
