<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
-
St. Landry Financial Corporation
________________________________________________________________________________
(Name of Issuer)
Common Stock, par value $.01 per Share
________________________________________________________________________________
(Title of Class of Securities)
790851109
________________________________________________________________________________
(CUSIP Number)
Jay D. Johnson (630) 655-3300
6262 S. Route 83, Suite 303, Willowbrook, IL 60514-2985
________________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
August 13, 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 [ ]. (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: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* 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.
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).
SEC 1746 (12-91) Page 1 of 6
<PAGE>
SCHEDULE 13D
CUSIP NO. 790851109 PAGE 2 OF 6 PAGES
---------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Aqua Fund L.P.
36-3868593
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
-0-
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 19,785
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
19,785
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,785
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.16%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (12-91) Page 2 of 6
<PAGE>
SCHEDULE 13D
CUSIP NO. 790851109 PAGE 3 OF 6 PAGES
---------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lakeshore Capital, Inc.
36-3868589
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
-0-
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 21,785
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
21,785
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,000
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.42%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (12-91) Page 3 of 6
<PAGE>
ITEM 1. SECURITY AND ISSUER
-------------------
This Schedule 13D filed August 23, 1996 by Aqua Fund L.P. ("Aqua Fund")
and Lakeshore Capital, Inc. ("Lakeshore") relates to the shares of common stock,
par value $.01 per share (the "Common Stock" or the "Shares"), of St. Landry
Financial Corporation (the "Company"), with its principal executive offices
located at 459 East Landry Street, Opelousas, Louisiana 70571 and amends that
certain Schedule 13D filed April 14, 1995.
ITEM 2. IDENTITY AND BACKGROUND
-----------------------
No Amendment
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATIONS
--------------------------------------------------
No Amendment
ITEM 4. PURPOSE OF TRANSACTION
----------------------
No Amendment
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
------------------------------------
(a) Number and Percentage
---------------------
Aqua Fund beneficially owns 19,785 Shares representing 4.16%
of the outstanding Shares. Lakeshore beneficially owns 2,000 Shares
representing 0.42% of the outstanding Shares through its managed
accounts.
(b) Power to Vote/Dispose of Shares
-------------------------------
Aqua Fund does not have the sole power to vote or the sole
power to dispose of any Shares, rather Aqua Fund has the shared power to
vote and the shared power to dispose of 19,785 Shares. Lakeshore does not
have the sole power to vote or the sole power to dispose of any Shares
through its managed accounts, rather Lakeshore has the shared power to
vote and the shared power to dispose of 2,000 Shares.
(c) Sales in the Last 60 Days
-------------------------
The following table details the transactions in the Shares
within the 60 day period prior to the date of filing this Schedule 13D.
DATE OF AMOUNT PRICE
TRANSACTION OF SHARES PER SHARE SALE BY:
----------- --------- --------- --------
August 13, 1996 7,715 $15.1875 Aqua Fund
August 20, 1996 1,000 $14.7500 Aqua Fund
August 13, 1996 37 $15.1875 Managed Account
August 13, 1996 1,000 $15.1875 Managed Account
August 13, 1996 1,500 $15.1875 Managed Account
August 13, 1996 3,000 $15.1875 Managed Account
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
---------------------------------------------------------------------
TO SECURITIES OF THE ISSUER
----------------------------
No Amendment
SEC 1746 (12-91) Page 4 of 6
<PAGE>
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
--------------------------------
No Exhibits are required to be filed
ITEM 8. AGREEMENT REGARDING JOINT FILING
--------------------------------
The undersigned hereby agree that this statement on Schedule 13D
relating to shares of Common Stock, $.01 par value, of St. Landry
Financial Corporation, be, and any amendments to this Statement will
be, filed on behalf of each of the undersigned.
SEC 1746 (12-91) Page 5 of 6
<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 21, 1996
AQUA FUND L.P.
By: LAKESHORE CAPITAL, INC., as General Partner
Jay D. Johnson
By:________________________________________
Jay D. Johnson, President
LAKESHORE CAPITAL, INC.
Jay D. Johnson
By:________________________________________
Jay D. Johnson, President
SEC 1746 (12-91) Page 6 of 6
<PAGE>
APPENDIX
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
-
St. Landry Financial Corporation
________________________________________________________________________________
(Name of Issuer)
Common Stock, par value $.01 per Share
________________________________________________________________________________
(Title of Class of Securities)
790851109
________________________________________________________________________________
(CUSIP Number)
Jay D. Johnson (708) 655-3300
6262 S. Route 83, Suite 303, Willowbrook, IL 60514-2985
________________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
April 5, 1995
________________________________________________________________________________
(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 [X]. (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: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* 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.
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).
SEC 1746 (12-91) Page 1 of 6
<PAGE>
SCHEDULE 13D
CUSIP NO. 790851109 PAGE 2 OF 6 PAGES
---------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Aqua Fund L.P.
36-3868593
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
-0-
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 33,000
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
33,000
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,000
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.18%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (12-91) Page 2 of 6
<PAGE>
SCHEDULE 13D
CUSIP NO. 790851109 PAGE 3 OF 6 PAGES
---------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lakeshore Capital, Inc.
36-3868589
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
-0-
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 33,000
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
33,000
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.00%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (12-91) Page 3 of 6
<PAGE>
ITEM 1. SECURITY AND ISSUER
-------------------
This Schedule 13D relates to the shares of common stock, par value
$.01 per share (the "Common Stock" or the "Shares"), of St. Landry Financial
Corporation (the "Company"), with its principal executive offices located at
459 East Landry Street, Opelousas, Louisiana 70571.
ITEM 2. IDENTITY AND BACKGROUND
-----------------------
This Schedule 13D is being filed by the following reporting persons:
(i) Aqua Fund L.P. ("Aqua Fund"); and
(ii) Lakeshore Capital, Inc. ("Lakeshore")
Lakeshore, a corporation incorporated under the laws of the State of
Illinois, is the sole general partner of Aqua fund, a limited partnership
organized under the laws of the State of Illinois. Aqua Fund is a private
investment partnership engaged in the purchase and sale of securities for
investment for its own account. Lakeshore is in the business of serving
as the general partner of Aqua Fund and, in some cases, as an advisor with
discretionary power for a limited number of clients with respect to their
investments in securities (the "Managed Accounts"). Jay D. Johnson
("Johnson") is the sole stockholder and the only officer and director of
Lakeshore. The business address of Lakeshore and Aqua Fund is 6262 South
Route 83, Suite 303, Willowbrook, IL 60514.
Aqua Fund and Lakeshore have not, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors, if any), nor was either a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction as a result of
which any of them 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 CONSIDERATIONS
--------------------------------------------------
As of April 5, 1995, Aqua Fund was the owner of record and the
beneficial owner of 33,000 Shares. No Shares were owned of record by
Lakeshore on behalf of the Managed Accounts. The source of funds used by
Aqua Fund to purchase the Shares, which are not marginable, was Aqua Fund's
working capital. Aqua Fund, from time to time, borrows funds through
customary margin accounts with National Financial Services Corporation,
Charles Schwab & Co., Inc., Bear Stearns Securities Corp. and The Chicago
Corporation (the "margin lenders"), thus increasing its available working
capital. Aqua Fund's obligations under the margin accounts are secured
by the marginable equity securities owned by Aqua Fund. As noted above,
however, because the Shares are not marginable, Aqua Fund utilized working
capital to purchase the Shares. In addition, Lakeshore, from time to time,
loans funds to Aqua Fund, thus increasing Aqua Fund's working capital.
Lakeshore has no ownership interest in the funds or property of
Aqua Fund, except for its interest as general partner of Aqua Fund.
Johnson and his wife, Margaret M. Johnson ("Margaret"), have invested as
limited partners in Aqua Fund.
ITEM 4. PURPOSE OF TRANSACTION
----------------------
Aqua Fund acquired the Shares for investment purposes, and only in
the ordinary course of its business or investment activities. In the
ordinary course of business, the reporting parties from time to time
evaluate holdings of securities and will continue to review the prospects
of the Company, and based upon such evaluation and on market conditions,
economic conditions and other relevant factors, may in the future acquire
additional Shares or dispose of Shares.
SEC 1746 (12-91) Page 4 of 6
<PAGE>
The reporting persons under this Schedule 13D have no present
plans or proposals which would result in or relate to any of the
transactions described in paragraphs (a) through (j) of Item 4 of
Schedule 13D. In the future, however, the reporting persons reserve the
right to adopt such plans or proposals subject to applicable regulatory
requirements, if any.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
------------------------------------
(a) Number and Percentage
---------------------
Aqua Fund beneficially owns 33,000 Shares representing
7.18% of the outstanding Shares. Lakeshore does not beneficially
own any Shares.
(b) Power to Vote/Dispose of Shares
-------------------------------
Aqua Fund does not have the sole power to vote or the sole
power to dispose of any Shares, rather Aqua Fund has the shared power to
vote and the shared power to dispose of 33,000 Shares.
Lakeshore (as the general partner of Aqua Fund) does not
have the sole power to vote or the sole power to dispose of any Shares,
rather Lakeshore has the shared power to vote and the shared power to
dispose of 33,000 Shares.
(c) Purchases in the Last 60 Days
-----------------------------
The following table details the transactions by Aqua Fund
in Shares within the 60 day period prior to the date of filing this
Schedule 13D.
DATE OF AMOUNT PRICE TYPE OF
TRANSACTION OF SHARES PER SHARE TRANSACTION
----------- --------- --------- -----------
April 5 10,000 $8.00 Purchased from the Company in IPO
April 5 12,500 $9.375 Purchased over-the-counter (pink sheet)
April 5 10,500 $9.875 Purchased over-the-counter (pink sheet)
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
---------------------------------------------------------------------
TO SECURITIES OF THE ISSUER
----------------------------
Except as described above, there are no contracts,
arrangements, understandings or relationships (legal or otherwise) among
the persons named in Item 2 hereof or between such persons and any other
persons with respect to any securities of the Company, including but not
limited to transfer or voting of any other securities, finder's fees,
joint ventures, loan or option arrangements, puts or calls, guarantees
of profits, divisions of profits or loss, or the giving or withholding of
proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
--------------------------------
No Exhibits are required to be filed
OTHER. AGREEMENT REGARDING JOINT FILING
--------------------------------
The undersigned hereby agree that this statement on Schedule
13D relating to shares of Common Stock, $.01 par value, of St. Landry
Financial Corporation, be, and any amendments to this Statement will be,
filed on behalf of each of the undersigned.
SEC 1746 (12-91) Page 5 of 6
<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: April 12, 1995
AQUA FUND L.P.
By: LAKESHORE CAPITAL, INC., as General Partner
Jay D. Johnson
By:________________________________________
Jay D. Johnson, President
LAKESHORE CAPITAL, INC.
Jay D. Johnson
By:________________________________________
Jay D. Johnson, President
SEC 1746 (12-91) Page 6 of 6
