SC 13D 1 st574644-sch13d.txt SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (RULE 13D-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A) (AMENDMENT NO. 4)* Bank Plus Corporation -------------------------------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------------------------------- (Title of Class of Securities) 0644461073 ------------------------------------------ (CUSIP Number) Jeffrey S. Lambert Strome Investment Management L.P. 100 Wilshire Blvd., 15th Floor Santa Monica, CA 90401 (310) 917-6600 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 4, 2001 ------------------------------------------ (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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box |_|. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. *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 disclosures provided in a prior cover page. The information required on 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). --------------------------- --------------------- CUSIP NO. 0644461073 SCHEDULE 13D PAGE 2 OF 13 PAGES --------------------------- --------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Strome Investment Management L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON #95-4450882 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (A)[X] (B)[ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF ---------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 604,600 OWNED BY ---------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 604,600 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 604,600 -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)[ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.1% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN, IA -------------------------------------------------------------------------------- --------------------------- --------------------- CUSIP NO. 0644461073 SCHEDULE 13D PAGE 3 OF 13 PAGES --------------------------- --------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SSCO, Inc. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 95-4450883 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (A)[X] (B)[ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF ---------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 604,600 OWNED BY ---------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ---------------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 604,600 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 604,600 -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.1% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO, HC -------------------------------------------------------------------------------- --------------------------- --------------------- CUSIP NO. 0644461073 SCHEDULE 13D PAGE 4 OF 13 PAGES --------------------------- --------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Mark E. Strome S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (A)[X] (B)[ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF ---------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 604,600 OWNED BY ---------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ---------------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 604,600 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 604,600 -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.1% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN, HC -------------------------------------------------------------------------------- --------------------------- --------------------- CUSIP NO. 0644461073 SCHEDULE 13D PAGE 5 OF 13 PAGES --------------------------- --------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Strome Partners L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON #95-4372590 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (A)[X] (B)[ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF ---------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY ---------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ---------------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN, IA -------------------------------------------------------------------------------- --------------------------- --------------------- CUSIP NO. 0644461073 SCHEDULE 13D PAGE 6 OF 13 PAGES --------------------------- --------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Strome Offshore Limited S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (A)[X] (B)[ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF ---------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 449,680 OWNED BY ---------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ---------------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 449,680 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 449,680 -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.3% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO -------------------------------------------------------------------------------- --------------------------- --------------------- CUSIP NO. 0644461073 SCHEDULE 13D PAGE 7 OF 13 PAGES --------------------------- --------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Strome Hedgecap Fund, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON #95-4385662 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (A)[X] (B)[ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF ---------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 154,920 OWNED BY ---------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ---------------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 154,920 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 154,920 -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.8% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN -------------------------------------------------------------------------------- --------------------------- --------------------- CUSIP NO. 0644461073 SCHEDULE 13D PAGE 8 OF 13 PAGES --------------------------- --------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Strome Hedgecap Limited S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (A)[X] (B)[ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF ---------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY ---------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ---------------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO -------------------------------------------------------------------------------- --------------------------- --------------------- CUSIP NO. 0644461073 SCHEDULE 13D PAGE 9 OF 13 PAGES --------------------------- --------------------- INTRODUCTION This Amendment No. 4 relates to the Schedule 13D filed on behalf of (i) Strome Partners, L.P. ("SP"), (ii) Strome Offshore Limited ("SOFF"), (iii) Strome Hedgecap Fund, L.P. ("SHCF"), (iv) Strome Hedgecap Limited ("SHCL"), (v) Strome Investment Management, L.P. ("SIM"), (vi) SSCO, Inc. ("SSCO"), and (vii) Mark E. Strome ("Strome"), collectively the "Reporting Persons" with the Securities and Exchange Commission on December 1, 1999, as amended on February 22, 2000, April 4, 2000 and October 25, 2000 (the "Schedule 13D"). Items 1 and 5 of the Schedule 13D are amended and supplemented as follows: ITEM 1. SECURITY AND ISSUER. The number of issued and outstanding shares of Stock as of May 9, 2001, as set forth in the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2001, was 19,441,498. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) As of the date hereof, the Reporting Persons have the following interest in the securities of the Company: (i) SP does not beneficially own any shares of Stock. (ii) SOFF beneficially owns 449,680 shares of Stock and is the beneficial owner of 2.3% of the Stock. (iii) SHCF beneficially owns 154,920 shares of Stock and is the beneficial owner of 0.8% of the Stock. (iv) SHCL does not beneficially own any shares of Stock. (v) SIM, (y) as general partner of and discretionary investment adviser to SP and SHCF and (z) discretionary investment adviser to SOFF and SHCL, beneficially owns 604,600 shares of Stock and is the beneficial owner of 3.1% of the Stock. (vi) SSCO, as the general partner of SIM beneficially owns 604,600 shares of Stock and is the beneficial owner of 3.1% of the Stock. (vii) Strome, as a settlor and trustee of the The Mark E. Strome Living Trust dated 1/16/97, which trust is the controlling shareholder of SSCO, beneficially owns 604,600 shares of Stock and is the beneficial owner of 3.1% of the Stock. The Reporting Persons in the aggregate may be deemed to own an aggregate of 3.1% of the Stock. --------------------------- --------------------- CUSIP NO. 0644461073 SCHEDULE 13D PAGE 10 OF 13 PAGES --------------------------- --------------------- (b) SP SOFF SHCF SHCL SIM SSCO STROME -- ---- ---- ---- --- ---- ------ SOLE POWER 0 0 0 0 0 0 0 TO VOTE/ DIRECT VOTE SHARED 0 449,680 154,920 0 604,600 604,600 604,600 POWER TO VOTE/ DIRECT VOTE SOLE POWER 0 0 0 0 0 0 0 TO DISPOSE/ DIRECT DISPOSITION SHARED 0 449,680 154,920 0 604,600 604,600 604,600 POWER TO DISPOSE/ DIRECT DISPOSITION (c) The trading dates, number of shares purchased or sold and the price per share for all transactions by the Reporting Persons since April 13, 2001, are set forth below. All such transactions were open market transactions and were effected on the NASDAQ National Market. No other transactions were effected by the Reporting Persons during such period. -------------------------------------------------------------------------------- TRADE DATE BOUGHT (SOLD) PRICE -------------------------------------------------------------------------------- SOFF 05/03/01 13,000 $5.10 -------------------------------------------------------------------------------- SOFF 05/04/01 16,000 $5.07 -------------------------------------------------------------------------------- SOFF 06/04/01 (130,000) $6.87 -------------------------------------------------------------------------------- SOFF 06/04/01 (22,000) $6.90 -------------------------------------------------------------------------------- SOFF 06/06/01 (2,900) $6.87 -------------------------------------------------------------------------------- SOFF 06/07/01 (10,000) $6.87 -------------------------------------------------------------------------------- --------------------------- --------------------- CUSIP NO. 0644461073 SCHEDULE 13D PAGE 11 OF 13 PAGES --------------------------- --------------------- -------------------------------------------------------------------------------- TRADE DATE BOUGHT (SOLD) PRICE -------------------------------------------------------------------------------- SHCF 05/03/01 52,000 $5.10 -------------------------------------------------------------------------------- SHCF 05/04/01 64,000 $5.07 -------------------------------------------------------------------------------- SHCF 06/04/01 (520,000) $6.87 -------------------------------------------------------------------------------- SHCF 06/04/01 (88,000) $6.90 -------------------------------------------------------------------------------- SHCF 06/06/01 (11,600) $6.87 -------------------------------------------------------------------------------- SHCF 06/07/01 (40,000) $6.87 -------------------------------------------------------------------------------- (e) The Reporting Persons ceased to be the beneficial owners of more than 5% of the Stock on June 4, 2001. --------------------------- --------------------- CUSIP NO. 0644461073 SCHEDULE 13D PAGE 12 OF 13 PAGES --------------------------- --------------------- 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: June 13, 2000 Strome Partners, L.P. By: Strome Investment Management, L.P., general partner by its general partner, SSCO, Inc. By: /s/ Jeffrey S. Lambert ----------------------- Jeffrey S. Lambert Chief Operating Officer Strome Offshore Limited By: /s/ Jeffrey S. Lambert ----------------------- Jeffrey S. Lambert Director Strome Hedgecap Fund By: Strome Investment Management, L.P., general partner by its general partner, SSCO, Inc. By: /s/ Jeffrey S. Lambert ----------------------- Jeffrey S. Lambert Chief Operating Officer Strome Hedgecap Limited By: /s/ Jeffrey S. Lambert ----------------------- Jeffrey S. Lambert Director --------------------------- --------------------- CUSIP NO. 0644461073 SCHEDULE 13D PAGE 13 OF 13 PAGES --------------------------- --------------------- Strome Investment Management, L.P. By: SSCO, Inc., general partner By: /s/ Jeffrey S. Lambert ----------------------- Jeffrey S. Lambert Chief Operating Officer SSCO, Inc. By: /s/ Jeffrey S. Lambert ----------------------- Jeffrey S. Lambert Chief Operating Officer Mark E. Strome /s/ Jeffrey S. Lambert -----------------------