-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QqXpZAxSie21ayfR0zpvQB+peyAByyNpnmVpST59O3mH9MeSVfpVeGeiW2mBqXc6 SKERnOYIAjUwZU1invsgdQ== 0000357264-97-000010.txt : 19970912 0000357264-97-000010.hdr.sgml : 19970911 ACCESSION NUMBER: 0000357264-97-000010 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970828 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SANTA BARBARA BANCORP CENTRAL INDEX KEY: 0000357264 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 953673456 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-34555 FILM NUMBER: 97672265 BUSINESS ADDRESS: STREET 1: 1021 ANACAPA ST CITY: SANTA BARBARA STATE: CA ZIP: 93101 BUSINESS PHONE: 8055646300 MAIL ADDRESS: STREET 1: 1021 ANACAPTA STREET CITY: SANTA BARBARA STATE: CA ZIP: 93101 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SANTA BARBARA BANCORP CENTRAL INDEX KEY: 0000357264 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 953673456 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 1021 ANACAPA ST CITY: SANTA BARBARA STATE: CA ZIP: 93101 BUSINESS PHONE: 8055646300 MAIL ADDRESS: STREET 1: 1021 ANACAPTA STREET CITY: SANTA BARBARA STATE: CA ZIP: 93101 SC 13D 1 SCHEDULE 13D SEC 1746 (12-91) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 7)* SANTA BARBARA BANCORP - ------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 801233-10-7 - -------------------------------------------------------------------------------- (CUSIP Number) Jay Donald Smith, Esq. 1021 Anacapa Street Santa Barbara, CA 93101 (805) 966-9176 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 25, 1997 - -------------------------------------------------------------------------------- (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). SCHEDULE 13D - -------------------------- -------------------- CUSIP No. 801233-10-7 Page 2 of 20 Pages - -------------------------- -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Santa Barbara Bank & Trust, as Trustee of the Santa Barbara Bank & Trust Employees Stock Ownership Plan and Trust - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 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 California - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER 31,207 NUMBER OF --------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 729,798 EACH --------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 761,005 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER NONE --------------------------------------------------- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 761,005 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.99% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------- -------------------- CUSIP No. 801233-10-7 Page 3 of 20 Pages - -------------------------- -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON DONALD M. ANDERSON - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 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 USA - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER 276,753 NUMBER OF --------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 31,207 EACH --------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 276,753 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 31,207 --------------------------------------------------- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 307,960 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.04% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------- -------------------- CUSIP No. 801233-10-7 Page 4 of 20 Pages - -------------------------- -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON DAVID W. SPAINHOUR - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 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 USA - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER 234,400 NUMBER OF --------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 31,207 EACH --------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 234,400 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 31,207 --------------------------------------------------- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 265,607 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.49% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------- -------------------- CUSIP No. 801233-10-7 Page 5 of 20 Pages - -------------------------- -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON WILLIAM S. THOMAS, JR. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 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 USA - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER 33,033 NUMBER OF --------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 31,207 EACH --------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 33,033 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 31,207 --------------------------------------------------- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 64,240 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .84% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------- -------------------- CUSIP No. 801233-10-7 Page 6 of 20 Pages - -------------------------- -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON DONALD E. BARRY - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 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 USA - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER 11,093 NUMBER OF --------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 31,207 EACH --------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 11,093 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 31,207 --------------------------------------------------- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 42,300 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .57% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------- -------------------- CUSIP No. 801233-10-7 Page 7 of 20 Pages - -------------------------- -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON DONALD E. LAFLER - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 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 USA - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER 19,212 NUMBER OF --------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 31,207 EACH --------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 19,212 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 31,207 --------------------------------------------------- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 50,419 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .66% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------- -------------------- CUSIP No. 801233-10-7 Page 8 of 20 Pages - -------------------------- -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON JOHN J. MCGRATH - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 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 USA - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER 67,066 NUMBER OF --------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 31,207 EACH --------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 67,066 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 31,207 --------------------------------------------------- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 98,273 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.29% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------- -------------------- CUSIP No. 801233-10-7 Page 9 of 20 Pages - -------------------------- -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON PAULETTE POSCH - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 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 USA - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER 15,488 NUMBER OF --------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 31,207 EACH --------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 15,488 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 31,207 --------------------------------------------------- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 46,695 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .61% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------- -------------------- CUSIP No. 801233-10-7 Page 10 of 20 Pages - -------------------------- -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON DAVID RISTIG - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 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 USA - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER 12,765 NUMBER OF --------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 31,207 EACH --------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 12,765 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 31,207 --------------------------------------------------- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 43,972 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .58% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------- -------------------- CUSIP No. 801233-10-7 Page 11 of 20 Pages - -------------------------- -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON JAY D. SMITH, ESQ. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 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 USA - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER 84,444 NUMBER OF --------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 31,207 EACH --------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 84,444 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 31,207 --------------------------------------------------- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 115,651 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.52% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------- -------------------- CUSIP No. 801233-10-7 Page 12 of 20 Pages - -------------------------- -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON KENT M. VINING - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------- 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 USA - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER 46,393 NUMBER OF --------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 31,207 EACH --------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 46,393 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 31,207 --------------------------------------------------- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 77,600 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.02% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- SCHEDULE 13D (Amendment No. 7) SEC 1746 (12-91) The Schedule 13D jointly filed by Santa Barbara Bank & Trust and others with respect to the Santa Barbara Bank & Trust Employee Stock Ownership Plan and Trust is hereby amended as follows. The Schedule 13D was originally filed on January 31, 1985 and subsequently was amended by Amendments No. 1, 2, 3, 4, 5 and 6. Item 1. Security and Issuer. Common Stock of Santa Barbara Bancorp, a California corporation ("Bancorp"), whose principal executive offices are located at 1021 Anacapa Street, Santa Barbara, California 93101. Item 2. Identity and Background. The shares of Common Stock of the Company with respect to which this Schedule 13D is being filed are owned of record by Santa Barbara Bank & Trust, as Trustee of the Santa Barbara Bank & Trust Employee Stock Ownership Plan and Trust (the "ESOP"). This Schedule 13D is being jointly filed by Santa Barbara Bank & Trust, as Trustee of the ESOP, and by the members of the Advisory Committee of the ESOP. The identity and other applicable information about the persons filing this Schedule 13D are set forth below. Santa Barbara Bank & Trust, as Trustee Santa Barbara Bank & Trust State of Incorporation: California Principal Business: California State-Chartered Bank Address of Principal Business and Offices: 1021 Anacapa Street Santa Barbara, CA 93101 Officers and Directors of Santa Barbara Bank & Trust, as Trustee The following information is provided pursuant to General Instruction C with respect to the Executive Officers and Directors of Bancorp and of Santa Barbara Bank & Trust, a California corporation (the "Company"). The Company is a wholly owned subsidiary of Bancorp. All of the following persons, identified as Directors, are Directors of both the Company and Bancorp. Name and Address Occupation & Business Address Donald M. Anderson Director 1021 Anacapa Street Chairman of the Board, Santa Barbara, CA 93101 Santa Barbara Bancorp 1021 Anacapa Street Santa Barbara, CA 93101 Frank C. Barranco, M.D. Director 1259 Deer Trail Lane Retired Solvang, CA 93463 Edward E. Birch, Ph.D. Director 955 La Paz Road Executive Vice President, Santa Barbara, CA 93108 Westmont College 955 La Paz Road Montecito, CA 93108 Terrill F. Cox Director 121 N. H Street Attorney Lompoc, CA 93436 Grossman, Cox & Johnson 121 N. H Street Lompoc, CA 93436 Richard M. Davis Director 4125 Hidden Oaks Retired Santa Barbara, CA 93105 Anthony Guntermann Director 816 State Street, Suite 400 Certified Public Accountant, Santa Barbara, CA 93101 McGowan Guntermann Accountants 816 State Street, Suite 400 Santa Barbara, CA 93101 Dale E. Hanst Director 1421 State Street, Suite B Of Counsel, Santa Barbara, CA 93101 Reicker, Clough, Pfau & Pyle, LLP Attorneys at Law 1421 State Street, Suite B Santa Barbara, CA 93101 Harry B. Powell Director 3593 Padaro Lane Retired Carpinteria, CA 93013 David W. Spainhour Director 1021 Anacapa Street President, Santa Barbara Bancorp Santa Barbara, CA 93101 1021 Anacapa Street Santa Barbara, CA 93101 William S. Thomas, Jr. Director 1021 Anacapa Street President and Chief Executive Officer, Santa Barbara, CA 93101 Santa Barbara Bank & Trust 1021 Anacapa Street Santa Barbara, CA 93101 David A. Abts Executive Vice President and 1021 Anacapa Street Director of MIS and Operations Santa Barbara, CA 93101 Santa Barbara Bank & Trust 1021 Anacapa Street Santa Barbara, CA 93101 Donald E. Barry Executive Vice President and 1021 Anacapa Street Trust & Investment Services Manager Santa Barbara, CA 93101 Santa Barbara Bank & Trust 1021 Anacapa Street Santa Barbara, CA 93101 Donald E. Lafler Senior Vice President and 1021 Anacapa Street Chief Financial Officer Santa Barbara, CA 93101 Santa Barbara Bank & Trust 1021 Anacapa Street Santa Barbara, CA 93101 John J. McGrath Senior Vice President and 1021 Anacapa Street Chief Credit Officer Santa Barbara, CA 93101 Santa Barbara Bank & Trust 1021 Anacapa Street Santa Barbara, CA 93101 Jay D. Smith, Esq. Senior Vice President and 1021 Anacapa Street General Counsel Santa Barbara, CA 93101 Santa Barbara Bank & Trust 1021 Anacapa Street Santa Barbara, CA 93101 Catherine R. Steinke Senior Vice President and 1021 Anacapa Street Director of Human Resources Santa Barbara, CA 93101 Santa Barbara Bank & Trust 1021 Anacapa Street Santa Barbara, CA 93101 Kent M. Vining Senior Vice President 1021 Anacapa Street Santa Barbara Bank & Trust Santa Barbara, CA 93101 1021 Anacapa Street Santa Barbara, CA 93101 Advisory Committee The ESOP is administered by an Advisory Committee. The Advisory Committee has the power to direct the Trustee to vote shares of Common Stock held by the ESOP to the extent that those shares are not allocated to individual Participant accounts. As of the date of this Schedule, there are 31,157 shares of Common Stock held by the ESOP which have not been allocated to individual Participants' accounts. The following information is provided with respect to the members of the Advisory Committee. Name and Address Occupation & Business Address Donald M. Anderson See above John J. McGrath See above. Paulette Posch Vice President and 1021 Anacapa Street Employee Benefits Plan Manager Santa Barbara, CA 93101 Santa Barbara Bank & Trust 1021 Anacapa Street Santa Barbara, CA 93101 David Ristig Vice President and 1021 Anacapa Street MIS/Operations Manager Santa Barbara, CA 93101 Santa Barbara Bank & Trust 1021 Anacapa Street Santa Barbara, CA 93101 Jay D. Smith, Esq. See above. David W. Spainhour See above. William S. Thomas, Jr. See above. Donald E. Barry See above. Donald E. Lafler See above. Kent M. Vining See above. (d) During the last five years, neither Bancorp nor any of the persons named above has been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors). (e) During the last five years, neither Bancorp nor any of the persons named above was a party to any proceeding or is or was subject to any judgment, decree or final order of the type described in paragraph (e) of Item 2 of the Instructions. (f) All of the above named natural persons are citizens of the United States. Disclaimer Each of the members of the Advisory Committee named above disclaims any beneficial ownership of the shares of Common Stock held in the ESOP, except only to the extent that such individual is a Participant in the ESOP and such shares have been allocated to such individual's Participant's account. Further, each of the persons jointly filing this Schedule expressly disaffirms and disclaims membership in any group of persons who have acted or have agreed to act together for the purposes of acquiring, holding, voting or disposing of Common Stock of Bancorp. Item 3. Source and Amount of Funds or Other Consideration. ESOP Purchases of Santa Barbara Bancorp Stock in 1997 Date of Purchase Shares Share Price Dollar Value March 24, 1997 2,000 $30.625 $61,250 April 8, 1997 17,200 $30.375 $522,450 April 21, 1997 10,000 $32.000 $320,000 April 30, 1997 470 $31.875 $14,981 May 6, 1997 952 $33.875 $32,249 June 25, 1997 40,000 $41.3125 $1,625,550 On June 25, 1997, the ESOP purchased 40,000 shares of Bancorp's Common Stock from the Donald M. Anderson 1997 Charitable Remainder Unitrust U/T/A 5-30-97 for an aggregate purchase price of $1,652,500 ($41.3125 per share). The funds used by the ESOP to purchase the shares described above were contributed to the ESOP by the Company from its general operating revenues. After giving effect to the transactions described above, the ESOP holds a total of 760,955 shares of Common Stock. The foregoing number of shares reflects the 3-for-2 stock split of Bancorp's Common Stock that was effective January 24, 1996. Item 4. Purpose of Transaction. The foregoing shares of Bancorp's Common Stock were acquired by the ESOP to be held in the ESOP for the benefit of the employees of the Company. None of the reporting persons has any present plans which relate to or would result in any transaction of the type described in clauses (a) through (j) of Item 4 of the Instructions. Item 5. Interest in Securities of the Issuer. (a) The following table sets forth the number of shares of Common Stock of Bancorp beneficially owned by (including shares over which options exist which may be exercised within 60 days of the date of this Schedule) and the percentage of ownership of (i) the Company, as Trustee of the ESOP, (ii) each of the Executive Officers and Directors of the Trustee, and (iii) each of the members of the Advisory Committee of the ESOP. NUMBER OF NUMBER OF SHARES SHARES WITH WITH SOLE OPTION SHARED TOTAL PERCENT OF PERSON POWER (1) SHARES (2) POWER (3) SHARES (4) CLASS (5) Santa Barbara Bank 31,207 729,798 761,005 9.99% & Trust, as or Trustee of the 10.00% Santa Barbara Bank & Trust Employees Stock Ownership Plan and Trust Donald M. Anderson 236,001 40,752 31,207 307,960 4.04% Frank C. Barranco 17,236 1,799 0 19,085 0.24% Edward E. Birch 13,390 11,113 0 24,553 0.32% Terrill F. Cox 500 0 0 500 0.01% Richard M. Davis 18,975 899 0 19,874 0.26% Anthony Guntermann 27,870 7,960 0 35,880 0.47% Dale E. Hanst 46,770 12,223 0 59,043 0.77% Harry B. Powell 12,373 2,979 0 15,402 0.20% David W. Spainhour 231,314 3,086 31,207 265,607 3.49% William S. Thomas, 33 33,000 31,207 64,240 0.84% Jr. David A. Abts 19,297 12,008 0 31,355 0.41% Donald E. Barry 2,543 8,500 31,207 42,300 0.57% Donald E. Lafler 8,683 10,529 31,207 50,419 0.66% John J. McGrath 33,055 34,011 31,207 98,273 1.29% NUMBER NUMBER OF OF SHARES SHARES WITH SOLE OPTION WITH TOTAL PERCENT OF PERSON POWER (1) SHARES (2) SHARED SHARES (4) CLASS (5) POWER (3) Paulette Posch 13,939 1,549 31,207 46,695 0.61% David Ristig 5,526 7,239 31,207 43,972 0.58% Jay D. Smith, Esq. 57,228 27,216 31,207 115,651 1.52% Catherine R. 133 5,500 0 5,633 0.07% Steinke Kent M. Vining 18,144 28,249 31,207 77,600 1.02% (1) Each of the above named individuals owns outright and possesses sole power to vote and to direct the disposition of these shares. (2) This column discloses shares subject to presently exercisable options held by the named persons which are exercisable within 60 days of the date of this Schedule. (3) This column represents shares over which the named persons possess shared power of disposition. Namely, these are the shares held in the ESOP and over which members of the Advisory Committee have the power of disposition. The named persons disclaim any beneficial ownership in any securities held by the ESOP, except to the extent that such persons are Participants in the ESOP and shares held by the ESOP have been allocated to such persons' individual accounts (as to such shares that have been allocated to such persons' individual accounts, the named persons possess voting power, but do not possess investment control or power of disposition over such shares). As to the Company, as Trustee of the ESOP, the Company has power, at the direction of the Advisory Committee, to vote shares that have not been allocated to individual Participants' accounts and the ultimate power of disposition of shares held in the ESOP. Of the individuals named above, the following are Participants in the ESOP and the following number of shares have been allocated to their individual accounts: Donald M. Anderson 24,222 David A. Abts 5,354 Donald E. Barry 43 Donald E. Lafler 3,923 John J. McGrath 18,591 Paulette Posch 7,305 David Ristig 3,072 Jay D. Smith, Esq. 14,748 David W. Spainhour 25,047 Catherine R. Steinke 133 William S. Thomas, Jr 33 Kent M. Vining 18,129 (4) This column represents the total of columns 1 through 3, above. (5) In computing the number of shares of Common Stock of Bancorp outstanding, all options reported in column 2 have been treated as exercised and the shares underlying such options have been treated as issued and outstanding. On that basis, as of the date of this Schedule, there are 7,614,591 shares actually outstanding, options covering a total of 248,612 shares are deemed outstanding and a total of 7,863,203 shares are deemed outstanding. Shares covered by outstanding options have not been included as outstanding shares for purposes of computing the percent of class held by the Trustee. (6) In addition to the transactions described in Item 3 above, since the filing of Amendment No. 6 to the Schedule 13D, (i) certain of the reporting persons acquired additional shares of Common Stock of Bancorp and/or options on shares of Common Stock of Bancorp under one or more of the Company's stock option plans and (ii) certain of the reporting persons disposed of shares of Common Stock of Bancorp for their own account. These transactions, which are reflected in the above Table, did not result in a material change in the percentage ownership of the reporting persons, either individually or in the aggregate. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None. Item 7. Material to be Filed as Exhibits The following Exhibits are attached: (a) Consent relating to the joint filing of this Schedule 13D. SEC 1746 (12-91) 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. SANTA BARBARA BANK & TRUST, as Trustee of the Santa Barbara Bank & Trust Employee Stock Ownership Plan and Trust By: Date William S. Thomas, Jr., President MEMBERS OF THE ADVISORY COMMITTEE: Date Donald M. Anderson Date David W. Spainhour Date William S. Thomas, Jr. Date Donald E. Barry Date Donald E. Lafler Date John J. McGrath Date Paulette Posch Date David Ristig Date Jay D. Smith, Esq. Date Kent M. Vining CONSENT TO JOINT FILING OF SCHEDULE 13D Each of the undersigned consents and agrees to the filing of a Joint Statement on Schedule 13D pursuant to Rule 13d-1(f)(iii) pertaining to the shares of Common Stock of Santa Barbara Bancorp held by the Santa Barbara Bank & Trust Employee Stock Ownership Plan and Trust. SANTA BARBARA BANK & TRUST, as Trustee of the Santa Barbara Bank & Trust Employee Stock Ownership Plan and Trust By: Date William S. Thomas, Jr., President Date Donald M. Anderson Date David W. Spainhour Date William S. Thomas, Jr. Date Donald E. Barry Date Donald E. Lafler Date John J. McGrath Date Paulette Posch Date David Ristig Date Jay D. Smith, Esq. Date Kent M. Vining Exhibit A -----END PRIVACY-ENHANCED MESSAGE-----