13F-HR 1 inftable26.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: March 31, 2002 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 April 30, 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 4645 1141175.000SH SOLE 437825.000 703350.000 12 3000.000 SH OTHER 3000.000 Abbott Laboratories COM 002824100 174 3300.000 SH SOLE 3300.000 42 800.000 SH OTHER 800.000 Alcoa COM 013817101 6753 178925.000SH SOLE 63575.000 115350.000 Allstate Corp. COM 020002101 6762 179040.000SH SOLE 63500.000 115540.000 144 3800.000 SH OTHER 3800.000 American International Group COM 026874107 507 7024.000 SH SOLE 7024.000 46 631.000 SH OTHER 631.000 Andrew Corporation COM 034425108 4795 286625.000SH SOLE 109450.000 177175.000 22 1300.000 SH OTHER 1300.000 Apache Corp. COM 037411105 549 9652.000 SH SOLE 275.000 9377.000 28 495.000 SH OTHER 495.000 Applied Materials, Inc. COM 038222105 651 12000.000SH SOLE 12000.000 Atmel Corp. COM 049513104 6640 654810.000SH SOLE 250100.000 404710.000 Avon Products, Inc. COM 054303102 6727 123845.000SH SOLE 49635.000 74210.000 BP PLC-Spons ADR COM 055622104 430 8105.000 SH SOLE 8105.000 213 4012.000 SH OTHER 4012.000 Bellsouth Corporation COM 079860102 86 2346.000 SH SOLE 2346.000 181 4912.000 SH OTHER 4912.000 Bristol Myers Squibb COM 110122108 317 7825.000 SH SOLE 7825.000 Calpine Corp COM 131347106 4253 334895.000SH SOLE 118020.000 216875.000 58 4550.000 SH OTHER 4550.000 Carnival Corp Class A COM 143658102 8491 260050.000SH SOLE 95250.000 164800.000 114 3500.000 SH OTHER 3500.000 Citigroup, Inc. COM 172967101 6784 136986.000SH SOLE 50705.000 86281.000 Citizens Banking Corp. COM 174420109 220 6765.000 SH SOLE 6765.000 Clarcor, Inc. COM 179895107 1488 46500.000SH SOLE 46500.000 Coca-Cola Company COM 191216100 378 7230.000 SH SOLE 7230.000 Colgate Palmolive COM 194162103 1012 17705.000SH SOLE 17705.000 54 940.000 SH OTHER 940.000 Comerica Inc COM 200340107 1648 26331.000SH SOLE 1000.000 25331.000 870 13898.000SH OTHER 13898.000 Compaq Computer Corp. COM 204493100 5197 497315.000SH SOLE 188650.000 308665.000 18 1700.000 SH OTHER 1700.000 DPL Inc COM 233293109 316 12355.000SH SOLE 12355.000 58 2287.000 SH OTHER 2287.000 Electronic Data System Corp. COM 285661104 5604 96635.000SH SOLE 34445.000 62190.000 74 1275.000 SH OTHER 1275.000 Equity Office Properties Trust COM 294741103 2759 91984.000SH SOLE 63700.000 28284.000 Equity Residential Properties COM 29476L107 583 20300.000SH SOLE 5800.000 14500.000 Exxon Mobil Corporation COM 302316102 2617 59717.000SH SOLE 3956.000 55761.000 572 13060.000SH OTHER 13060.000 Fannie Mae COM 313586109 6581 82385.000SH SOLE 28980.000 53405.000 100 1250.000 SH OTHER 1250.000 Fifth Third Bancorp COM 316773100 480 7114.000 SH SOLE 7114.000 1228 18195.000SH OTHER 18195.000 General Electric COM 369604103 2246 59976.000SH SOLE 59976.000 278 7425.000 SH OTHER 7425.000 Global SanteFe Corp COM G3930E101 1044 31925.000SH SOLE 900.000 31025.000 Grainger W.W. COM 384802104 225 4000.000 SH SOLE 4000.000 Henry Schein Inc. COM 806407102 7424 168535.000SH SOLE 62750.000 105785.000 35 800.000 SH OTHER 800.000 Hibernia Corp Class A COM 428656102 5897 308765.000SH SOLE 131340.000 177425.000 Honeywell International, Inc. COM 438516106 8571 223950.000SH SOLE 79575.000 144375.000 50 1300.000 SH OTHER 1300.000 IBM COM 459200101 263 2525.000 SH SOLE 2525.000 21 200.000 SH OTHER 200.000 Intel Corp COM 458140100 499 16400.000SH SOLE 16400.000 100 3300.000 SH OTHER 3300.000 Interpublic Group Companies, I COM 460690100 4114 120015.000SH SOLE 11185.000 108830.000 34 1000.000 SH OTHER 1000.000 JLG Industries COM 466210101 345 23323.000SH SOLE 23323.000 55 3700.000 SH OTHER 3700.000 JP Morgan Chase & Co. COM 46625H100 6648 186473.000SH SOLE 69062.000 117411.000 21 600.000 SH OTHER 600.000 Johnson & Johnson COM 478160104 7120 109630.000SH SOLE 37650.000 71980.000 38 580.000 SH OTHER 580.000 KPMG Consulting, Inc. COM 48265R109 6997 346400.000SH SOLE 126300.000 220100.000 Kroger Co. COM 501044101 6524 294425.000SH SOLE 105525.000 188900.000 62 2800.000 SH OTHER 2800.000 MBIA Inc COM 55262C100 479 8750.000 SH SOLE 8750.000 Marathon Oil Corp. COM 565849106 4490 155908.000SH SOLE 75258.000 80650.000 9 300.000 SH OTHER 300.000 McDonalds Corp COM 580135101 6513 234720.000SH SOLE 80550.000 154170.000 67 2400.000 SH OTHER 2400.000 Medtronic Inc COM 585055106 411 9100.000 SH SOLE 9100.000 172 3800.000 SH OTHER 3800.000 Merck & Company COM 589331107 5022 87225.000SH SOLE 32525.000 54700.000 37 635.000 SH OTHER 635.000 Microsoft Corp. COM 594918104 3250 53895.000SH SOLE 4825.000 49070.000 30 500.000 SH OTHER 500.000 Nabors Industries COM 629568106 4877 115425.000SH SOLE 38175.000 77250.000 National City Corp. COM 635405103 133 4320.000 SH SOLE 4320.000 109 3548.000 SH OTHER 3548.000 Newmont Mining Corp. COM 651639106 7973 287955.000SH SOLE 96750.000 191205.000 91 3300.000 SH OTHER 3300.000 Noble Drilling Corp. COM 655042109 417 10075.000SH SOLE 1700.000 8375.000 Pfizer COM 717081103 839 21100.000SH SOLE 21100.000 Royal Dutch Petroleum COM 780257705 456 8400.000 SH SOLE 8400.000 SBC Communications Inc. COM 78387G103 429 11450.000SH SOLE 11450.000 439 11717.000SH OTHER 11717.000 SPX Corp COM 784635104 9897 69905.000SH SOLE 24605.000 45300.000 Schering Plough COM 806605101 5724 182873.000SH SOLE 62400.000 120473.000 61 1950.000 SH OTHER 1950.000 Shell Transport & Trading COM 822703609 567 12800.000SH SOLE 200.000 12600.000 Sovereign Bancorp, Inc. COM 845905108 3523 250775.000SH SOLE 163400.000 87375.000 Stryker Corp COM 863667101 412 6827.000 SH SOLE 6827.000 Transocean Sedco Forex, Inc. COM G90078109 3200 96293.000SH SOLE 42755.000 53538.000 27 801.000 SH OTHER 801.000 Tyco International Ltd New COM 902124106 6740 208549.000SH SOLE 72477.000 136072.000 21 650.000 SH OTHER 650.000 Verizon Communications COM 92343V104 6048 131193.000SH SOLE 45205.000 85988.000 206 4479.000 SH OTHER 4479.000 W.R. Berkley Corp. COM 084423102 7615 132475.000SH SOLE 46400.000 86075.000 WalMart Stores COM 931142103 240 3910.000 SH SOLE 3910.000 Walgreen Co. COM 931422109 314 8000.000 SH SOLE 8000.000 Wells Fargo & Co. COM 949740104 20 400.000 SH SOLE 400.000 795 16100.000SH OTHER 16100.000 Wyeth COM 983024100 277 4225.000 SH SOLE 4225.000 Zebra Technologies COM 989207105 206 3800.000 SH SOLE 3800.000
FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 111 Form 13F Information Table Value Total: $232,025