SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(a)
Under the Securities Exchange Act of 1934
(Amendment No.3)
Bank Plus Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
0644461073
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(CUSIP Number)
Jeffrey S. Lambert
Strome Investment Management, L.P.
100 Wilshire Blvd., 15th Floor,
Santa Monica, CA 90401
(310) 917-6600
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
October 20, 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-l(e), Rule 13d-l(f) or Rule 13d-l(g), check the
following box [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) 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 on 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).
<PAGE>
SCHEDULE 13D
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CUSIP NO. 0644461073 PAGE 2 OF 11 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Strome Investment Management, L.P., #95-4450882
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)(a)|X| (b)|_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
WC
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)|_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DE
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7 SOLE VOTING POWER
0
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,271,600
EACH
REPORTING --------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,271,600
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,271,600
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6%
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14 TYPE OF REPORTING PERSON (See Instructions)
PN, IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
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CUSIP NO. 0644461073 PAGE 3 OF 11 PAGES
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1 NAMES OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SSCO, Inc., 95-4450883
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2 CHECK THE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK THE BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 1,271,600
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,271,600
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11
1,271,600
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12 CHECK THE 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)
6.6%
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14 TYPE OF REPORTING PERSON*
CO, HC
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
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CUSIP NO. 0644461073 PAGE 4 OF 11 PAGES
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1 NAMES OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Mark E. Strome
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2 CHECK THE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK THE BOX IF DISCLOSURE OF LEGAL PROCEEDINGS 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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7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 1,271,600
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,271,600
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11
1,271,600
--------------------------------------------------------------------------------
12 CHECK THE 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)
6.6%
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14 TYPE OF REPORTING PERSON*
IN, HC
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
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CUSIP NO. 0644461073 PAGE 5 OF 11 PAGES
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1 NAMES OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Strome Partners, L.P., #95-4372590
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2 CHECK THE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK THE BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11
0
--------------------------------------------------------------------------------
12 CHECK THE 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)
0.0%
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14 TYPE OF REPORTING PERSON*
PN, IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
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CUSIP NO. 0644461073 PAGE 6 OF 11 PAGES
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1 NAMES OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Strome Offshore Limited
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2 CHECK THE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK THE BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 983,280
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
983,280
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11
983,280
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12 CHECK THE 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)
5.1%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
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CUSIP NO. 0644461073 PAGE 7 OF 11 PAGES
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1 NAMES OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Strome Hedgecap Fund, L.P., #95-4385662
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2 CHECK THE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK THE BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 230,656
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
230,656
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11
230,656
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12 CHECK THE 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)
1.2%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
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CUSIP NO. 0644461073 PAGE 8 OF 11 PAGES
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1 NAMES OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Strome Hedgecap Limited
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2 CHECK THE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK THE BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 57,664
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
57,664
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11
57,664
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12 CHECK THE 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)
0.3%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
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CUSIP NO. 0644461073 PAGE 9 OF 11 PAGES
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INTRODUCTION
This Amendment No. 3 relates to the Schedule 13D filed on behalf of (i)
Strome Partners, L.P. ("SP"), (ii) Strome Offshore Limited ("SOFF"), (iii)
Strome Hedgecap Fund, L.P. ("SHCF"), (iv) Strome Hedgecap Limited ("SHCL"), (v)
Strome Investment Management, L.P. ("SIM"), (vi) SSCO, Inc. ("SSCO"), and (vii)
Mark E. Strome ("Strome"), collectively the "Reporting Persons" with the
Securities and Exchange Commission on December 1, 1999, as amended on February
22, 2000 and April 4, 2000 (the "Schedule 13D"). Items 1 and 5 of the Schedule
13D are amended and supplemented as follows:
ITEM 1. SECURITY AND ISSUER.
The number of issued and outstanding shares of Stock as of August 10,
2000, as set forth in the Company's Quarterly Report on Form 10-Q for the period
ended June 30, 2000, was 19,411,043.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the date hereof, the Reporting persons have the following
interest in the securities of the Company:
(i) SP does not beneficially own any shares of Stock.
(ii) SOFF beneficially owns 983,280 shares of Stock and is
the beneficial owner of 5.1% of the Stock.
(iii) SHCF beneficially owns 230,656 shares of Stock and is
the beneficial owner of 1.2% of the Stock.
(iv) SHCL beneficially owns 57,664 shares of Stock and is the
beneficial owner of 0.3% of the Stock.
(v) SIM, (y) as general partner of and discretionary
investment adviser to SP and SHCF and (z) discretionary
investment adviser to SOFF and SHCL, beneficially owns
1,271,600 shares of Stock and is the beneficial owner of
6.6% of the Stock.
(vi) SSCO, as the general partner of SIM beneficially owns
1,271,600 shares of Stock and is the beneficial owner of
6.6% of the Stock.
(vii) Strome, as a settlor and trustee of the The Mark E.
Strome Living Trust dated 1/16/97, which trust is the
controlling shareholder of SSCO, beneficially owns
1,271,600 shares of Stock and is the beneficial owner of
6.6% of the Stock.
<PAGE>
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CUSIP NO. 0644461073 PAGE 10 OF 11 PAGES
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The Reporting Persons in the aggregate may be deemed to own an
aggregate of 6.6% of the Stock.
(b)
SP SOFF SHCF SHCL SIM SSCO STROME
-- ---- ---- ---- --- ---- ------
SOLE POWER 0 0 0 0 0 0 0
TO VOTE/
DIRECT VOTE
SHARED 0 983,280 230,656 57,664 1,271,600 1,271,600 1,271,600
POWER TO
VOTE/
DIRECT VOTE
SOLE POWER 0 0 0 0 0 0 0
TO DISPOSE/
DIRECT
DISPOSITION
SHARED 0 983,280 230,656 57,664 1,271,600 1,271,600 1,271,600
POWER TO
DISPOSE/
DIRECT
DISPOSITION
(c) The trading dates, number of shares purchased or sold and the
price per share for all transactions by the Reporting Persons since July 20,
2000, are set forth below. All such transactions were open market transactions
and were effected on the NASDAQ National Market. No other transactions were
effected by the Reporting Persons during such period.
TRADE DATE BOUGHT (SOLD) PRICE
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SOFF 10/20/00 (300,000) $3.25
SHCF 10/20/00 (60,000) $3.25
SHCL 10/20/00 (15,000) $3.25
<PAGE>
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CUSIP NO. 0644461073 PAGE 11 OF 11 PAGES
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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.
Dated: October 24, 2000
Strome Partners, L.P.
By: Strome Investment Management, L.P., general partner
by its general partner, SSCO, Inc.
By: /s/ Jeffrey S. Lambert
--------------------------
Jeffrey S. Lambert
Chief Operating Officer
Strome Offshore Limited
By: /s/ Jeffrey S. Lambert
--------------------------
Jeffrey S. Lambert
Director
Strome Hedgecap Fund
By: Strome Investment Management, L.P., general partner
by its general partner, SSCO, Inc.
By: /s/ Jeffrey S. Lambert
--------------------------
Jeffrey S. Lambert
Chief Operating Officer
Strome Hedgecap Limited
By: /s/ Jeffrey S. Lambert
--------------------------
Jeffrey S. Lambert
Director
Strome Investment Management, L.P.
By: SSCO, Inc., general partner
By: /s/ Jeffrey S. Lambert
--------------------------
Jeffrey S. Lambert
Chief Operating Officer
SSCO, Inc.
By: /s/ Jeffrey S. Lambert
--------------------------
Jeffrey S. Lambert
Chief Operating Officer
Mark E. Strome
By: /s/ Jeffrey S. Lambert
--------------------------
