UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
COMMUNITY SAVINGS BANKSHARES, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
204037105
-------------------------------------------------------
(CUSIP Number)
David J. Harris, Esq.,
1775 Eye Street, N.W. Washington, D.C. 20006 (202) 261-3385
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
June 23, 1999
------------------------------------------------------
(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 /__/.
The information required on 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 1 of 6 Pages
<PAGE>
- --------- ----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Josiah T. Austin, S.S.N. ###-##-####
- --------- ----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /__/
(b) x
- --------- ----------------------------------------------------------------------
3
SEC USE ONLY
- --------- ----------------------------------------------------------------------
4
SOURCE OF FUNDS
OO and WC
- --------- ----------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) /__/
- --------- ----------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------- ----------------------------------------------------------------------
- ----------------------- --------- ----------------------------------------------
NUMBER OF 7
SHARES SOLE VOTING POWER
BENEFICIALLY
OWNED BY 660,889
EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------
8
SHARED VOTING POWER
0
--------- ----------------------------------------------
9
SOLE DISPOSITIVE POWER
660,889
--------- ----------------------------------------------
10
SHARED DISPOSITIVE POWER
0
- ----------------------- --------- ----------------------------------------------
- ------------ -------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
660,889
- ------------ -------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES /__/
- ------------ -------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.26%
- ------------ -------------------------------------------------------------------
14
TYPE OF REPORTING PERSON
IN
- ------------ -------------------------------------------------------------------
<PAGE>
- --------- ----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
El Coronado Holdings, L.L.C.
- --------- ----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /__/
(b) x
- --------- ----------------------------------------------------------------------
3
SEC USE ONLY
- --------- ----------------------------------------------------------------------
4
SOURCE OF FUNDS
OO and WC
- --------- ----------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) /__/
- --------- ----------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona
- --------- ----------------------------------------------------------------------
- ----------------------- --------- ----------------------------------------------
NUMBER OF 7
SHARES SOLE VOTING POWER
BENEFICIALLY
OWNED BY 612,000
EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------
8
SHARED VOTING POWER
0
--------- ----------------------------------------------
9
SOLE DISPOSITIVE POWER
612,000
--------- ----------------------------------------------
10
SHARED DISPOSITIVE POWER
0
- ----------------------- --------- ----------------------------------------------
- ------------ -------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
612,000
- ------------ -------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES /__/
- ------------ -------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.80%
- ------------ -------------------------------------------------------------------
14
TYPE OF REPORTING PERSON
HC
- ------------ -------------------------------------------------------------------
<PAGE>
ITEM 1. Security and Issuer.
This Amendment No. 1 to Statement on Schedule 13D heretofore filed on
April 22, 1999 is filed with respect to the Common Stock, par value $.01 per
share (the "Common Stock"), of Community Savings Bankshares, Inc. (the
"Company"). The address of the principal executive office of the Company is 660
U.S. Highway 1, North Palm Beach, Florida 33408. This statement is being filed
to reflect the following amendments to Item 2, Item 3 and Item 5.
Item 2. Identity and Background
The first paragraph of Item 2 is to be amended and restated in its entirety:
Further information regarding the identity and background of the
Reporting Persons is as follows:
For Mr. Austin:
(a) Josiah T. Austin (hereinafter "Austin")
(b) El Coronado Ranch, Star Route Box 395, Pearce, Arizona 85625;
(c) Present principal occupation: individual investor;
For ECH:
(a) El Coronado Holdings, L.L.C. ("ECH");
(b) Star Route 395, Pearce, Arizona 85625;
(c) Holding Company;
(d)-(e) During the last five years, none of the Reporting Persons nor,
to the best of the knowledge of the Reporting Persons, the members or
controlling persons of any Reporting Person have been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors), or been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
The first paragraph of Item 3 is hereby amended and restated to read in
its entirety:
The total consideration for all shares of Common Stock acquired to date
is $8,086,202.94. The Shares herein reported as being beneficially owned by the
Reporting Persons were acquired as follows:
Subsection (1) of Item 3 is hereby amended and restated to read as
follows in its entirety:
(1) Acting in his personal capacity, Austin purchased 10,000 shares in
his own name on June 1, 1999, in open market transactions for an aggregate
consideration of $125,458.95. The primary source of funds for these acquisitions
was existing personal funds.
Subsection (2) of Item 3 is hereby amended and restated to read as
follows in its entirety:
(2) Austin, as the sole Managing Member of ECH whose principal business
address is Star Route 395, Pearce, Arizona 85625, purchased from April 19, 1999
to June 23, 1999, a total of 111,600 shares in the open market for an aggregate
consideration (exclusive of brokers' commissions) of $1,412,338.85. All
purchases were made through various brokerage firms, and the primary source of
funding for these acquisitions was available funds.
ITEM 5. Interest in Securities of the Issuer.
Paragraph (a) of Item 5 is amended and restated to read as follows:
(a) Austin, in his personal capacity, as Trustee of the trusts
[described in the original Schedule 13D] and as Sole Managing Member of ECH, is
the beneficial owners of 660,889 shares (6.26%) of the Common Stock. ECH is the
beneficial owner of 612,000 shares (5.80%) of the Common Stock.
Paragraph (b) of Item 5 is amended and restated to read as follows:
(b) Austin has the sole power to vote and dispose of all shares
reported in this amendment.
Paragraph (c) of Item 5 is amended and restated as follows:
(c) No transactions in the Shares have been effected by the Reporting
Persons during the last sixty (60) days, except the following transactions, each
of which was made in a broker's transaction in the open market. Prices do not
include brokerage fees.
Reporting Sale/ No. of Price Per
Person Purchase Date Shares Share
Josiah T. Austin Purchase 06/01/99 7,500 $12-7/16
" 06/01/99 500 $12-7/16
" 06/01/99 500 $12-3/8
" 06/01/99 1,500 $12-7/16
Austin on behalf of Purchase 04/19/99 1,500 $12-3/8
El Coronado Holdings " 04/23/99 1,200 $12-3/8
" 04/26/99 6,800 $12.458
" 04/28/99 2,200 $12.591
" 05/05/99 1,100 $12.364
" 05/06/99 700 $12-3/8
" 05/06/99 4,800 $12-3/8
" 05/10/99 6,800 $12-7/16
" 05/12/99 4,000 $12-1/2
" 05/13/99 800 $12-5/8
" 05/17/99 8,100 $13.000
" 05/19/99 5,000 $12-1/2
" 05/19/99 15,000 $12-1/2
" 05/24/99 2,500 $12-1/4
" 05/26/99 9,000 $12-1/2
" 06/02/99 1,000 $12-3/8
" 06/04/99 5,800 $12.494
" 06/14/99 3,300 $12-1/4
" 06/14/99 5,000 $12-5/16
" 06/16/99 3,000 $12-3/16
" 06/22/99 4,000 $12.609
" 06/23/99 20,000 $12.806
<PAGE>
Signature
After reasonable inquiry and to the best knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
Date: July 7, 1999 /s/ Josiah T. Austin
--------------------------------
Josiah T. Austin
Individually and as sole Managing Member
of El Coronado Holdings, L.L.C.
