UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
COMMUNITY SAVINGS BANKSHARES, INC.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
204037105
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(CUSIP Number)
David J. Harris, Esq., 1775 Eye Street, N.W. Washington, D.C. 20006
(202) 261-3385
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
September 3, 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>
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1
NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Josiah T. Austin, S.S.N. ###-##-####
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2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b) x
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3
SEC USE ONLY
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4
SOURCE OF FUNDS
OO and WC
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5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
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6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7
SHARES SOLE VOTING POWER
BENEFICIALLY
OWNED BY 769,589
EACH
REPORTING
PERSON
WITH
--------------------------------------------------------
8
SHARED VOTING POWER
0
--------------------------------------------------------
9
SOLE DISPOSITIVE POWER
769,589
--------------------------------------------------------
10
SHARED DISPOSITIVE POWER
0
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11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
769,589
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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)
7.29%
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14
TYPE OF REPORTING PERSON
IN
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<PAGE>
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1
NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
El Coronado Holdings, L.L.C.
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2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b) x
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3
SEC USE ONLY
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4
SOURCE OF FUNDS
OO and WC
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5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
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6
CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona
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NUMBER OF 7
SHARES SOLE VOTING POWER
BENEFICIALLY
OWNED BY 717,700
EACH
REPORTING
PERSON
WITH
--------------------------------------------------------
8
SHARED VOTING POWER
0
--------------------------------------------------------
9
SOLE DISPOSITIVE POWER
717,700
--------------------------------------------------------
10
SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
717,700
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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)
6.79%
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14
TYPE OF REPORTING PERSON
HC
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<PAGE>
ITEM 1. Security and Issuer.
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This Amendment No. 2 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 3 and Item 5.
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
$9,474,713.52. The Shares herein reported as being beneficially owned by the
Reporting Persons were acquired as follows:
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 June 24, 1999
to September, 1999, a total of 105,700 shares in the open market for an
aggregate consideration (exclusive of brokers' commissions) of $1,350,173.64.
All purchases were made through various brokerage firms, and the primary source
of funding for these acquisitions was available funds.
Subsection (3) of Item 3 is hereby amended and restated to read as follows
in its entirety:
(3) Acting on behalf of the Christina E. Lowery Trust, in his capacity of
Trustee, Austin purchased on August 25, 1999 a total of 1,000 Shares in open
market transactions for an aggregate consideration (exclusive of brokers'
commissions) of $12,778.98. The primary source of funds for this acquisition is
existing funds of the Trust.
Subsection (4) of Item 3 is hereby amended and restated to read as follows
in its entirety:
(4) Acting on behalf of the Matthew Austin Lowery Trust, in his capacity of
Trustee, Austin purchased on August 25, 1999 a total of 1,000 Shares in open
market transactions for an aggregate consideration (exclusive of brokers'
commissions) of $12,778.98. The primary source of funds for this acquisition is
existing funds of the Trust.
Subsection (5) of Item 3 is hereby amended and restated to read as follows
in its entirety:
(5) Acting on behalf of the Valerie A. Gordon Trust, in his capacity of
Trustee, Austin purchased on August 25, 1999 a total of 1,000 Shares in open
market transactions for an aggregate consideration (exclusive of brokers'
commissions) of $12,778.98. The primary source of funds for this acquisition is
existing funds of the Trust.
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 and as Sole
Managing Member of ECH, is the beneficial owners of 769,589 shares (7.29%) of
the Common Stock. ECH is the beneficial owner of 717,700 shares (6.79%) of the
Common Stock.
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.
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Reporting Sale/ No. of Price Per
Person Purchase Date Shares Share
Austin on behalf of Purchase 06/24/99 10,000 $12-3/4
El Coronado Holdings " 08/10/99 7,400 $12-3/4
" 08/11/99 2,800 $12-5/8
" 08/11/99 20,000 $12-3/4
" 08/12/99 3,400 $12-3/4
" 08/13/99 3,500 $12-3/4
" 08/19/99 3,500 $12-3/4
" 08/25/99 14,000 $12.468
" 09/01/99 1,000 $12-1/2
" 09/01/99 100 $12-1/2
" 09/02/99 27,300 $12.793
" 09/03/99 12,700 $12.813
Austin on behalf of Purchase 08/25/99 1,000 $12-9/16
Matthew Austin Lowery
Trust
Austin on behalf of Purchase 08/25/99 1,000 $12-9/16
Christina E. Lowery
Trust
Austin on behalf of Purchase 08/25/99 1,000 $12-9/16
Valerie A. Gordon
Trust
</TABLE>
<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: _________, 1999 /s/ Josiah T. Austin
-------------------------------------
Josiah T. Austin
Individually, as sole Managing Member
of El Coronado Holdings, L.L.C., and
as Trustee of the Trusts
