UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
SJS BANCORP, INC.
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
784278-10-3
(CUSIP Number)
Peter T. Kross
248 Grosse Pointe Blvd.
Grosse Pointe Farms, Michigan 48236
(313) 965-0275
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 2, 1996
(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 the statement [ ].
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 disclosures provided in a prior cover page.
<PAGE>
CUSIP No. 784278-10-3
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person (optional)
Peter T. Kross
2 Check The Appropriate Box If A Member of a Group* (a)[X]
(b)[ ]
3 SEC Use Only
4 Source of Funds: PF
5 Check Box If Disclosure Of Legal Proceedings Is Required
Pursuant To Items 2(d) or 2(e) [ ]
6 Citizenship Or Place of Organization
U.S.A.
7 Sole Voting Power
Number of 75,400
Shares
Beneficially 8 Shared Voting Power
Owned By 96,324
Each
Reporting 9 Sole Dispositive Power
Person 75,400
With
10 Shared Dispositive Power
0
11 Aggregate Amount of Beneficially Owned by Each Reporting Person
97,084
12 Check Box If The Aggregate Amount In Row (11) Excludes
Certain Shares* [ ]
13 Percent of Class Represented By Amount In Row (11)
10.6%
14 Type Of Reporting Person*
IN
<PAGE>
CUSIP No. 784278-10-3
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person (optional)
Richard J. Nelson
2 Check The Appropriate Box If A Member of a Group* (a)[X]
(b)[ ]
3 SEC Use Only
4 Source of Funds: PF
5 Check Box If Disclosure Of Legal Proceedings Is Required
Pursuant To Items 2(d) or 2(e) [ ]
6 Citizenship Or Place of Organization
U.S.A.
7 Sole Voting Power
Number of 14,500
Shares
Beneficially 8 Shared Voting Power
Owned By 96,324
Each
Reporting 9 Sole Dispositive Power
Person 14,500
With
10 Shared Dispositive Power
0
11 Aggregate Amount of Beneficially Owned by Each Reporting Person
97,084
12 Check Box If The Aggregate Amount In Row (11) Excludes
Certain Shares* [ ]
13 Percent of Class Represented By Amount In Row (11)
10.6%
14 Type Of Reporting Person*
IN
<PAGE>
CUSIP No. 784278-10-3
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person (optional)
Wallace D. Riley
2 Check The Appropriate Box If A Member of a Group* (a)[X]
(b)[ ]
3 SEC Use Only
4 Source of Funds: PF
5 Check Box If Disclosure Of Legal Proceedings Is Required
Pursuant To Items 2(d) or 2(e) [ ]
6 Citizenship Or Place of Organization
U.S.A.
7 Sole Voting Power
Number of 5,662
Shares
Beneficially 8 Shared Voting Power
Owned By 96,324
Each
Reporting 9 Sole Dispositive Power
Person 5,662
With
10 Shared Dispositive Power
0
11 Aggregate Amount of Beneficially Owned by Each Reporting Person
97,084
12 Check Box If The Aggregate Amount In Row (11) Excludes
Certain Shares* [ ]
13 Percent of Class Represented By Amount In Row (11)
10.6%
14 Type Of Reporting Person*
IN
<PAGE>
CUSIP No. 784278-10-3
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person (optional)
Robert C. Lucas
2 Check The Appropriate Box If A Member of a Group* (a)[X]
(b)[ ]
3 SEC Use Only
4 Source of Funds: PF
5 Check Box If Disclosure Of Legal Proceedings Is Required
Pursuant To Items 2(d) or 2(e) [ ]
6 Citizenship Or Place of Organization
U.S.A.
7 Sole Voting Power
Number of 762
Shares
Beneficially 8 Shared Voting Power
Owned By 96,324
Each
Reporting 9 Sole Dispositive Power
Person 762
With
10 Shared Dispositive Power
0
11 Aggregate Amount of Beneficially Owned by Each Reporting Person
97,084
12 Check Box If The Aggregate Amount In Row (11) Excludes
Certain Shares* [ ]
13 Percent of Class Represented By Amount In Row (11)
10.6%
14 Type Of Reporting Person*
IN
<PAGE>
This Amended Statement relates to the common stock, par value $.01 per
share (the "Common Stock"), of SJS Bancorp (the "Issuer"). The address of the
principal executive office of the Issuer is 301 State Street, St. Joseph,
Michigan 49085. On October 4, 1995, Peter T. Kross, Richard J. Nelson, Wallace
D. Riley, and Robert C. Lucas (collectively referred to as the "Group") filed
an initial Schedule 13D. The Group hereby amends Item 5 of its Schedule 13D
to reflect a change in the percentage ownership of the Group resulting from
repurchases of Common Stock and the grant of shares and options by the Issuer.
Item 5. Interest in Securities of the Issuer.
According to information provided by the Issuer to the Group, as of
August 16, 1996, there were 917,622 shares of Common Stock outstanding, after
taking into account the share repurchases that the Issuer has made during 1996.
In addition, in February 1996, Messrs. Riley and Lucas were each awarded shares
of Common Stock under the Issuer's Management Recognition Plan (which are
currently subject to certain restrictions) and were granted options to purchase
Common Stock. The options become exercisable in installments, beginning on
October 1, 1996. Because Messrs. Riley and Lucas enjoy voting rights and
receive dividends with respect to all of the shares of Common Stock granted
under the Management Recognition Plan, all such shares are considered
"beneficially owned" by such persons and by the Group. However, members of the
Group other that the person who owns shares of Common Stock directly disclaim
all dispositive power over such person's shares. With respect to the shares
of Common Stock issuable upon exercise of the options granted to Messrs. Riley
and Lucas, only those shares issuable pursuant to options presently exercisable
or exercisable within 60 days are considered to be "beneficially owned", and
no shares of Common Stock subject to options can be voted, none are included
in the amount of shares as to which a person exercises "voting power".
Therefore, the present ownership of shares of Common Stock by the
members of the Group is as follows:
Total Shares
Beneficially Owned
------------------
Peter T. Kross 75,400 shares
Richard J. Nelson 14,500 shares
Wallace D. Riley 6,042 shares*
Robert C. Lucas 1,142 shares*
------
Total 97,084 shares
*Includes 762 shares acquired pursuant to the Issuer's Management Recognition
Plan and 380 shares issuable upon exercise of options.
<PAGE>
SIGNATURES
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: August 20, 1996
/S/ PETER T. KROSS
Peter T. Kross
/S/ WALLACE D. RILEY
Wallace D. Riley
/S/ RICHARD J. NELSON
Richard J. Nelson
/S/ ROBERT C. LUCAS
Robert C. Lucas
