-----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, WqxQZKJ15gi6bw10abkPDoGeNgDjxaa+aNP92lWq2wcNeL82TqXbeKUCjmCPxzh3 mOTFNkbwOAJ4V41uF4NGaA== 0000918134-97-000027.txt : 19970924 0000918134-97-000027.hdr.sgml : 19970924 ACCESSION NUMBER: 0000918134-97-000027 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970923 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BHC FINANCIAL INC CENTRAL INDEX KEY: 0000885273 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] IRS NUMBER: 232264646 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-42751 FILM NUMBER: 97683985 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQ STREET 2: 2005 MARKET ST CITY: PHILADELPHIA STATE: PA ZIP: 19103-3212 BUSINESS PHONE: 2156363000 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103-3212 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS & CO INC /NY/ CENTRAL INDEX KEY: 0000918134 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133299429 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 115 SOUTH JEFFERSON RD CITY: WHIPPANY STATE: NJ ZIP: 07981 BUSINESS PHONE: 2017392202 MAIL ADDRESS: STREET 1: 115 SOUTH JEFFERSON RD CITY: WHIPPANY STATE: NJ ZIP: 07981 SC 13D/A 1 Page 1 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1 ) BHC Financial, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 05544W101 (CUSIP Number) Charles A. Nalbone, Bear, Stearns & Co. Inc. 115 South Jefferson Road, Whippany, NJ 07981 (201) 739-2202 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 30, 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 this 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: When filing this statement, in paper format, six copies of this statement, including exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. Page 2 CUSIP NO. 05544W101 13D NAME OF REPORTING PERSON S.S. OR I.R.S. NOTIFICATION NO. OF ABOVE PERSON: 1 BEAR, STEARNS & CO. INC. IRS #13-3299429 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*: (a) [ ] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS*: WC, PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)(e): [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware 7 SOLE VOTING POWER: 0 8 SHARED VOTING POWER: 0 9 SOLE DISPOSITIVE POWER: 0 10 SHARED DISPOSITIVE POWER: 0 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): 0.0 14 TYPE OF REPORTING PERSON*: BD See Instructions Before Filling Out! Page 3 Schedule 13D Amendment No. 1 This statement constitutes Amendment No. 1 to the statement on Schedule 13D (the "Schedule 13D") filed with the Securities and Exchange Commission by Bear, Stearns & Co. Inc. ("Bear Stearns") with respect to its ownership of the Common Stock of BHC Financial, Inc. (the "Issuer"). Item 3: Source and Amount of Funds or Other Consideration Not applicable. Item 5: Interest in Securities of the Issuer (as of 5/20/97) (a) The responses of Bear Stearns to Rows (11) through (13) of the cover page of this Amendment No. 1 to Schedule 13D are incorporated herein by reference. To the best of Bear Stearns' knowledge, none of its executive officers or directors beneficially own any Common Stock of the Issuer. (b) The responses of Bear Stearns to Rows (7) through (10) of the cover page of this Amendment No. 1 to Schedule 13D are incorporated herein by reference. (c) Since the date of its initial filing on Schedule 13D, Bear Stearns has effected transactions in the Common Stock of the Issuer. Information concerning transactions in the Common Stock effected by Bear Stearns is set forth on Appendix I. (d) Not Applicable. (e) On May 20,1997, Fiserv Inc. completed its acquisition of BHC Financial, Inc. According to the terms of the acquisition, BHC Financial, Inc. shareholders would receive Fiserv Inc. shares that are equivalent to $33.50 divided by an amount equal to the average closing price of Fiserv Inc. shares for the 20 days ending May 28, 1997, for each BHC Financial, Inc. share held. On June 3, 1997, Bear Stearns exchanged its holdings of BHC Financial, Inc. under the mentioned merger agreement.Therefore, Bear Stearns ceased to be the beneficial owner of more than five percent of the Common Stock of the Issuer on May 20, 1997. Page 4 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: September 22, 1997 BEAR, STEARNS & CO. INC. By: /s/ Barry Cohen Senior Managing Director APPENDIX I BEAR, STEARNS & CO. INC. BHC Financial, Inc. Trades from 5/20/97 through 6/3/97 (Various Firm Accounts) ***** 06/03 ***** 338,527- BHC FINANCIAL INC Exchange .00 ***** 05/23 ***** 4,000 BHC FINANCIAL INC 33 5/8 134,500.00 (Various Discretionary Accounts) ***** 06/03 ***** 400- BHC FINANCIAL INC Exchange .00 5,795- BHC FINANCIAL INC Exchange .00 200- BHC FINANCIAL INC Exchange .00 200- BHC FINANCIAL INC Exchange .00 3,248- BHC FINANCIAL INC Exchange .00 500- BHC FINANCIAL INC Exchange .00 14,657- BHC FINANCIAL INC Exchange .00 300- BHC FINANCIAL INC Exchange .00 1,751- BHC FINANCIAL INC Exchange .00 949- BHC FINANCIAL INC Exchange .00 -----END PRIVACY-ENHANCED MESSAGE-----