13F-HR 1 inftable60.txt COVER PAGE, INFORMATION TABLE, SUMMARY 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, 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, January 31, 2003 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Alcoa COM 013817101 4461 195830.000SH SOLE 66603.000 129227.000 Allstate Corp. COM 020002101 6131 165747.000SH SOLE 51870.000 113877.000 141 3800.000 SH OTHER 3800.000 American International Group COM 026874107 181 3124.000 SH SOLE 3124.000 37 631.000 SH OTHER 631.000 Apache Corp. COM 037411105 424 7442.000 SH SOLE 7442.000 28 495.000 SH OTHER 495.000 Applied Materials, Inc. COM 038222105 261 20000.000SH SOLE 20000.000 Atmel Corp. COM 049513104 3570 1601035.000SH SOLE 512775.000 1088260.000 18 8000.000 SH OTHER 8000.000 BP PLC-Spons ADR COM 055622104 138 3389.000 SH SOLE 3389.000 163 4012.000 SH OTHER 4012.000 Barrick Gold Corp. COM 067901108 2159 140081.000SH SOLE 83644.000 56437.000 Best Buy Company Inc COM 086516101 4693 194308.000SH SOLE 58769.000 135539.000 51 2100.000 SH OTHER 2100.000 Carnival Corp Class A COM 143658102 6123 245393.000SH SOLE 78850.000 166543.000 87 3500.000 SH OTHER 3500.000 Citigroup, Inc. COM 172967101 6584 187105.000SH SOLE 58867.000 128238.000 35 1000.000 SH OTHER 1000.000 Clarcor, Inc. COM 179895107 1501 46500.000SH SOLE 46500.000 Coca-Cola Company COM 191216100 317 7230.000 SH SOLE 7230.000 Colgate Palmolive COM 194162103 655 12485.000SH SOLE 12485.000 21 400.000 SH OTHER 400.000 Comerica Inc COM 200340107 1052 24333.000SH SOLE 1000.000 23333.000 601 13898.000SH OTHER 13898.000 DPL Inc COM 233293109 190 12355.000SH SOLE 12355.000 35 2287.000 SH OTHER 2287.000 Equity Office Properties Trust COM 294741103 4328 173258.000SH SOLE 55211.000 118047.000 52 2100.000 SH OTHER 2100.000 Equity Residential COM 29476L107 548 22300.000SH SOLE 5800.000 16500.000 Exxon Mobil Corporation COM 302316102 1259 36024.000SH SOLE 1750.000 34274.000 456 13060.000SH OTHER 13060.000 Fannie Mae COM 313586109 5213 81028.000SH SOLE 23785.000 57243.000 80 1250.000 SH OTHER 1250.000 Fifth Third Bancorp COM 316773100 259 4417.000 SH SOLE 4417.000 1027 17545.000SH OTHER 17545.000 General Electric COM 369604103 1403 57598.000SH SOLE 57598.000 181 7425.000 SH OTHER 7425.000 Global SanteFe Corp COM G3930E101 735 30225.000SH SOLE 800.000 29425.000 Grainger W.W. COM 384802104 206 4000.000 SH SOLE 4000.000 Guidant Corp. COM 401698105 4896 158713.000SH SOLE 50275.000 108438.000 28 900.000 SH OTHER 900.000 Henry Schein Inc. COM 806407102 4788 106403.000SH SOLE 35882.000 70521.000 36 800.000 SH OTHER 800.000 Hewlett Packard Company COM 428236103 5408 311510.001SH SOLE 109719.000 201791.001 46 2675.000 SH OTHER 2675.000 Hibernia Corp Class A COM 428656102 1496 77665.000SH SOLE 9690.000 67975.000 Home Depot COM 437076102 3606 150108.000SH SOLE 49543.000 100565.000 34 1425.000 SH OTHER 1425.000 Honeywell International, Inc. COM 438516106 1339 55801.000SH SOLE 5201.000 50600.000 31 1300.000 SH OTHER 1300.000 IBM COM 459200101 227 2925.000 SH SOLE 2925.000 15 200.000 SH OTHER 200.000 Intel Corp COM 458140100 249 16000.000SH SOLE 16000.000 51 3300.000 SH OTHER 3300.000 JLG Industries COM 466210101 176 23323.000SH SOLE 23323.000 8 1000.000 SH OTHER 1000.000 JP Morgan Chase & Co. COM 46625H100 6361 265059.000SH SOLE 95832.000 169227.000 26 1100.000 SH OTHER 1100.000 Kroger Co. COM 501044101 4812 311442.000SH SOLE 96126.000 215316.000 43 2800.000 SH OTHER 2800.000 L-3 Communications Holdings COM 502424104 5180 115339.000SH SOLE 35647.000 79692.000 Marathon Oil Corp. COM 565849106 2983 140099.000SH SOLE 52922.000 87177.000 McDonalds Corp COM 580135101 4800 298526.000SH SOLE 93800.000 204726.000 39 2400.000 SH OTHER 2400.000 Medtronic Inc COM 585055106 422 9250.000 SH SOLE 9250.000 173 3800.000 SH OTHER 3800.000 Merck & Company COM 589331107 2987 52770.000SH SOLE 6950.000 45820.000 36 635.000 SH OTHER 635.000 Microsoft Corp. COM 594918104 2972 57495.000SH SOLE 4875.000 52620.000 26 500.000 SH OTHER 500.000 Mylan Labs COM 628530107 4579 131198.000SH SOLE 40766.000 90432.000 24 700.000 SH OTHER 700.000 Nabors Industries Ltd COM G6359f103 3443 97624.000SH SOLE 33507.000 64117.000 Newmont Mining Corp. COM 651639106 3587 123550.000SH SOLE 9875.000 113675.000 70 2400.000 SH OTHER 2400.000 Noble Corp COM G65422100 907 25800.000SH SOLE 2950.000 22850.000 Pfizer COM 717081103 675 22070.000SH SOLE 22070.000 Quest Diagnostics COM 74834L100 4676 82183.000SH SOLE 25993.000 56190.000 Royal Dutch Petroleum COM 780257705 370 8400.000 SH SOLE 8400.000 SBC Communications Inc. COM 78387G103 304 11230.000SH SOLE 11230.000 318 11717.000SH OTHER 11717.000 SPX Corp COM 784635104 5024 134155.000SH SOLE 39776.000 94379.000 Schering Plough COM 806605101 2060 92772.000SH SOLE 37697.000 55075.000 43 1950.000 SH OTHER 1950.000 Shell Transport & Trading COM 822703609 257 6600.000 SH SOLE 6600.000 Sovereign Bancorp, Inc. COM 845905108 3841 273376.000SH SOLE 129195.000 144181.000 Stryker Corp COM 863667101 428 6377.000 SH SOLE 6377.000 Suncor Energy Inc. COM 867229106 2873 183372.000SH SOLE 64170.000 119202.000 Transocean, Inc. COM G90078109 1834 79036.000SH SOLE 31711.000 47325.000 19 801.000 SH OTHER 801.000 Tyco International Ltd New COM 902124106 3580 209608.000SH SOLE 69576.000 140032.000 11 650.000 SH OTHER 650.000 Verizon Communications COM 92343V104 5635 145425.000SH SOLE 44953.000 100472.000 174 4479.000 SH OTHER 4479.000 W.R. Berkley Corp. COM 084423102 6302 159108.000SH SOLE 53194.000 105914.000 WalMart Stores COM 931142103 525 10390.000SH SOLE 10390.000 Walgreen Co. COM 931422109 219 7500.000 SH SOLE 7500.000 Waters Corp. COM 941848103 4804 220560.000SH SOLE 68677.000 151883.000 Wells Fargo & Co. COM 949740104 19 400.000 SH SOLE 400.000 703 15000.000SH OTHER 15000.000 Alliance Fund-Class A 01859k105 43 12954.651SH SOLE 12954.651 Loomis Sayles Small Cap Value 245 13542.795SH SOLE 13542.795
FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 103 Form 13F Information Table Value Total: $166,286