-----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, AYVnTeJ+PDBxoxuH7xXmQM/WAt3ZcULtyw8i3RYXXIZLdloLkk1XE2AYOg7xl92x W++fU7Tn/n0+UdgZfGs6xQ== 0001047469-98-005975.txt : 19980218 0001047469-98-005975.hdr.sgml : 19980218 ACCESSION NUMBER: 0001047469-98-005975 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980213 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PAYLESS CASHWAYS INC CENTRAL INDEX KEY: 0000076744 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS [5211] IRS NUMBER: 420945849 STATE OF INCORPORATION: IA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-02839 FILM NUMBER: 98537949 BUSINESS ADDRESS: STREET 1: TWO PERSHING SQ 2300 MAIN ST STREET 2: P O BOX 419466 CITY: KANSAS CITY STATE: MO ZIP: 64141 BUSINESS PHONE: 8162346000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ CENTRAL INDEX KEY: 0001045520 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: COMMERCE COURT CITY: TORONTO ONTARIO STATE: A6 BUSINESS PHONE: 2128563612 MAIL ADDRESS: STREET 1: COMMERCE CT CITY: TORONTO ONTARIO STATE: A6 SC 13G 1 SC 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* ------ PAYLESS CASHWAYS, INC. ---------------------------------- (Name of Issuer) COMMON STOCK ---------------------------------- (Title of Class of Securities) 000704378 40 5 ---------------------------------- (CUSIP Number) Check the following box if a fee is being paid with this statement / /. (A fee is not required only if the filing 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). *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 the disclosures provided in a prior page. The information required in 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). (Continued on following page(s)) Page 1 of 5 Pages --- CUSIP No. 000704378 40 5 13G Page 2 of 5 Pages --------- --- --- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons CANADIAN IMPERIAL BANK OF COMMERCE - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Citizenship or Place of Organization CANADA - ------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power Beneficially 1,250,092 Shares Owned by -------------------------------------------------- Each Reporting (6) Shared Voting Power Person With 0 Shares -------------------------------------------------- (7) Sole Dispositive Power 1,250,092 Shares -------------------------------------------------- (8) Shared Dispositive Power 0 Shares - ------------------------------------------------------------------------------- (9) Aggregate Amount Beneficially Owned by Each Reporting Person 1,250,092 Shares - ------------------------------------------------------------------------------- (10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* - ------------------------------------------------------------------------------- (11) Percent of Class Represented by Amount in Row (9) 6.25% - ------------------------------------------------------------------------------- (12) Type of Reporting Person* BK - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 3 of 5 Pages --- --- ITEM 1(A). NAME OF ISSUER PAYLESS CASHWAYS, INC. - ------------------------------------------------------------------------------- ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES TWO PERSHING SQUARE, 2300 MAIN, P.O. BOX 419466, KANSAS CITY, MO. 64141-0466 - ------------------------------------------------------------------------------- ITEM 2(A). NAME OF PERSON(S) FILING CANADIAN IMPERIAL BANK OF COMMERCE - ------------------------------------------------------------------------------- ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE COMMERCE COURT, TORONTO, ONTARIO M5L 1A2 - ------------------------------------------------------------------------------- ITEM 2(C). CITIZENSHIP CANADA - ------------------------------------------------------------------------------- ITEM 2(D). TITLE OF CLASS OF SECURITIES COMMON STOCK - ------------------------------------------------------------------------------- ITEM 2(E). CUSIP NUMBER 000704378 40 5 - ------------------------------------------------------------------------------- ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A (a) / / Broker or Dealer registered under Section 15 of the Act (b) /X/ Bank as defined in section 3(a)(6) of the Act (c) / / Insurance Company as defined in section 3(a)(19) of the Act (d) / / Investment Company registered under section 8 of the Investment Company Act (e) / / Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (f) / / Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F) (g) / / Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G) (Note: See Item 7) (h) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(H) Page 4 of 5 Pages --- --- ITEM 4. OWNERSHIP (a) Amount Beneficially Owned: 1,250,092 SHARES (1,222,897 AS OF DECEMBER 31, 1997) --------------------------------------------------------------------------- (b) Percent of Class: 6.25% (6.1% AS OF DECEMBER 31, 1997) --------------------------------------------------------------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 1,250,092 SHARES (1,222,897 AS OF DECEMBER 31, 1997) ----------------------------------------------------------------- (ii) shared power to vote or to direct the vote 0 SHARES ----------------------------------------------------------------- (iii) sole power to dispose or to direct the disposition of 1,250,092 SHARES (1,222,897 AS OF DECEMBER 31, 1997) ----------------------------------------------------------------- (iv) shared power to dispose or to direct the disposition of 0 SHARES ----------------------------------------------------------------- ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS N/A ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON CIBC INC., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF CANADIAN IMPERIAL BANK OF COMMERCE, HAS THE RIGHT TO RECEIVE OR THE POWER TO DIRECT THE RECEIPT OF DIVIDENDS FROM, OR THE PROCEEDS FROM THE SALE OF SUCH SECURITIES. - ------------------------------------------------------------------------------- Page 5 of 5 Pages --- --- ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY N/A - ------------------------------------------------------------------------------- ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP N/A - ------------------------------------------------------------------------------- ITEM 9. NOTICE OF DISSOLUTION OF GROUP N/A - ------------------------------------------------------------------------------- ITEM 10. CERTIFICATION By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. 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. 2/12/98 ---------------------------------------- (Date) /s/ Robert Greer ---------------------------------------- (Signature) Robert Greer, Assistant General Manager ---------------------------------------- (Name/Title) -----END PRIVACY-ENHANCED MESSAGE-----