13F-HR 1 inftable8.txt COVER PAGE, INFORMATION TABLE AND SUMMARY PAGE FORM 13F FORM 13F COVER PAGE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report for the Calendar Year or Quarter Ended: December 31, 2001 Check here if Amendment []; Amendment Number: This Amendment (Check only one): [] is a restatement. [] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Ambs Investment Counsel, LLC Address: 1231 E. Beltline, NE Suite 170 Grand Rapids, MI 49505 13F File Number: 028-03412 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained here in is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person signing this report on behalf of reporting manager: Name: Barbara J. DeMoor Title: President & Chief Operating Officer Phone: 616-949-8160 Signature, Place, and Date of Signing: Barbara J. DeMoor, Grand Rapids, MI February 4, 2002 Report Type (Check only one): [x] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ADC Telecommunications, Inc. COM 000886101 4630 1006500.000SH SOLE 408450.000 598050.000 14 3000.000 SH OTHER 3000.000 Alcoa COM 013817101 6036 169775.000SH SOLE 61125.000 108650.000 American Home Products COM 026609107 259 4225.000 SH SOLE 4225.000 American International Group COM 026874107 542 6824.000 SH SOLE 6824.000 74 931.000 SH OTHER 931.000 Andrew Corporation COM 034425108 5841 266825.000SH SOLE 107000.000 159825.000 28 1300.000 SH OTHER 1300.000 Apache Corp. COM 037411105 463 9275.000 SH SOLE 450.000 8825.000 22 450.000 SH OTHER 450.000 Applied Materials, Inc. COM 038222105 3844 95855.000SH SOLE 8570.000 87285.000 Atmel Corp. COM 049513104 2069 280800.000SH SOLE 193700.000 87100.000 Avon Products, Inc. COM 054303102 5668 121895.000SH SOLE 49535.000 72360.000 BP PLC-Spons ADR COM 055622104 530 11405.000SH SOLE 11405.000 187 4012.000 SH OTHER 4012.000 Bellsouth Corporation COM 079860102 89 2346.000 SH SOLE 2346.000 187 4912.000 SH OTHER 4912.000 Bristol Myers Squibb COM 110122108 419 8225.000 SH SOLE 8225.000 Calpine Corp COM 131347106 3439 204800.000SH SOLE 87100.000 117700.000 29 1750.000 SH OTHER 1750.000 Canadian National Railway COM 136375102 7236 149875.000SH SOLE 56750.000 93125.000 48 1000.000 SH OTHER 1000.000 Carnival Corp Class A COM 143658102 7516 267650.000SH SOLE 100450.000 167200.000 98 3500.000 SH OTHER 3500.000 Citigroup, Inc. COM 172967101 6165 122131.000SH SOLE 50705.000 71426.000 Citizens Banking Corp. COM 174420109 228 6923.000 SH SOLE 6923.000 Clarcor, Inc. COM 179895107 1702 62700.000SH SOLE 62700.000 Coca-Cola Company COM 191216100 567 12030.000SH SOLE 12030.000 Colgate Palmolive COM 194162103 1311 22700.000SH SOLE 22700.000 54 940.000 SH OTHER 940.000 Comerica Inc COM 200340107 1865 32541.000SH SOLE 1000.000 31541.000 796 13898.000SH OTHER 13898.000 Compaq Computer Corp. COM 204493100 3413 349690.000SH SOLE 239700.000 109990.000 17 1700.000 SH OTHER 1700.000 DPL Inc COM 233293109 298 12355.000SH SOLE 12355.000 55 2287.000 SH OTHER 2287.000 Elan Corp. PLC ADR COM 284131208 6313 140100.000SH SOLE 52500.000 87600.000 Electronic Data System Corp. COM 285661104 6468 94360.000SH SOLE 34245.000 60115.000 87 1275.000 SH OTHER 1275.000 Equity Office Properties Trust COM 294741103 3498 116304.000SH SOLE 65696.000 50608.000 Equity Residential Properties COM 29476L107 632 22000.000SH SOLE 5800.000 16200.000 Exxon Mobil Corporation COM 302316102 2658 67637.000SH SOLE 3604.000 64033.000 513 13060.000SH OTHER 13060.000 Fannie Mae COM 313586109 5490 69060.000SH SOLE 21455.000 47605.000 99 1250.000 SH OTHER 1250.000 Fifth Third Bancorp COM 316773100 427 6970.000 SH SOLE 6970.000 1116 18195.000SH OTHER 18195.000 General Electric COM 369604103 2713 67701.000SH SOLE 67701.000 308 7675.000 SH OTHER 7675.000 Global SanteFe Corp COM G3930E101 911 31925.000SH SOLE 900.000 31025.000 Henry Schein Inc. COM 806407102 1144 30900.000SH SOLE 1700.000 29200.000 Hibernia Corp Class A COM 428656102 5708 320865.000SH SOLE 142240.000 178625.000 Honeywell International, Inc. COM 438516106 7462 220650.000SH SOLE 79475.000 141175.000 44 1300.000 SH OTHER 1300.000 Huntington Bancshares Inc. COM 446150104 174 10140.000SH SOLE 10140.000 IBM COM 459200101 5604 46327.000SH SOLE 18992.000 27335.000 109 900.000 SH OTHER 900.000 Intel Corp COM 458140100 601 19100.000SH SOLE 19100.000 113 3600.000 SH OTHER 3600.000 JLG Industries COM 466210101 1137 106768.000SH SOLE 106768.000 39 3700.000 SH OTHER 3700.000 JP Morgan Chase & Co. COM 46625H100 5852 160998.000SH SOLE 55962.000 105036.000 22 600.000 SH OTHER 600.000 Johnson & Johnson COM 478160104 6371 107805.000SH SOLE 37550.000 70255.000 34 580.000 SH OTHER 580.000 KPMG Consulting, Inc. COM 48265R109 7136 430650.000SH SOLE 164550.000 266100.000 Kroger Co. COM 501044101 5167 247575.000SH SOLE 86525.000 161050.000 25 1200.000 SH OTHER 1200.000 Lowe's Companies COM 548661107 1593 34325.000SH SOLE 34325.000 MBIA Inc COM 55262C100 619 11550.000SH SOLE 11550.000 Marathon Oil Corp. COM 565849106 4664 155458.000SH SOLE 74958.000 80500.000 9 300.000 SH OTHER 300.000 McDonalds Corp COM 580135101 498 18830.000SH SOLE 18830.000 32 1200.000 SH OTHER 1200.000 Medtronic Inc COM 585055106 497 9700.000 SH SOLE 9700.000 195 3800.000 SH OTHER 3800.000 Merck & Company COM 589331107 4970 84525.000SH SOLE 31225.000 53300.000 37 635.000 SH OTHER 635.000 Microsoft Corp. COM 594918104 3500 52825.000SH SOLE 4755.000 48070.000 33 500.000 SH OTHER 500.000 Minnesota Mining & Mfg COM 604059105 5596 47340.000SH SOLE 19330.000 28010.000 18 150.000 SH OTHER 150.000 NRG Energy Inc COM 629377102 333 21500.000SH SOLE 21500.000 Nabors Industries COM 629568106 4258 124025.000SH SOLE 43925.000 80100.000 National City Corp. COM 635405103 126 4320.000 SH SOLE 4320.000 104 3548.000 SH OTHER 3548.000 Newmont Mining Corp. COM 651639106 5950 311380.000SH SOLE 112350.000 199030.000 63 3300.000 SH OTHER 3300.000 Noble Drilling Corp. COM 655042109 343 10075.000SH SOLE 1700.000 8375.000 Outback Steakhouse, Inc. COM 689899102 7503 219055.000SH SOLE 80600.000 138455.000 38 1100.000 SH OTHER 1100.000 Pfizer COM 717081103 885 22200.000SH SOLE 22200.000 Philips NV COM 718337504 208 7136.000 SH SOLE 7136.000 12 400.000 SH OTHER 400.000 Royal Dutch Petroleum COM 780257705 412 8400.000 SH SOLE 8400.000 SBC Communications Inc. COM 78387G103 448 11450.000SH SOLE 11450.000 459 11717.000SH OTHER 11717.000 SPX Corp COM 784635104 11106 81125.000SH SOLE 29195.000 51930.000 Sara Lee COM 803111103 356 16000.000SH SOLE 16000.000 Schering Plough COM 806605101 6477 180873.000SH SOLE 62200.000 118673.000 70 1950.000 SH OTHER 1950.000 Shell Transport & Trading COM 822703609 568 13700.000SH SOLE 200.000 13500.000 Sovereign Bancorp, Inc. COM 845905108 3395 277350.000SH SOLE 186600.000 90750.000 Steelcase Class B COM 858155203 175 11900.000SH SOLE 11900.000 Stryker Corp COM 863667101 416 7127.000 SH SOLE 7127.000 Transocean Sedco Forex, Inc. COM G90078109 3200 94618.000SH SOLE 42580.000 52038.000 27 801.000 SH OTHER 801.000 Tyco International Ltd New COM 902124106 10327 175329.000SH SOLE 60082.000 115247.000 38 650.000 SH OTHER 650.000 Verizon Communications COM 92343V104 5041 106216.000SH SOLE 35255.000 70961.000 213 4479.000 SH OTHER 4479.000 W.R. Berkley Corp. COM 084423102 7165 133425.000SH SOLE 47100.000 86325.000 43 800.000 SH OTHER 800.000 Walgreen Co. COM 931422109 269 8000.000 SH SOLE 8000.000 Wells Fargo & Co. COM 949740104 700 16100.000SH OTHER 16100.000 Zebra Technologies COM 989207105 222 4000.000 SH SOLE 4000.000
FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 116 Form 13F Information Table Value Total: $236,927