SC 13D 1 bgr1.txt FORM SEC 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. ) Bangor Hydro-Electric Co. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------------------------------- (Title of Class of Securities) 060077104 -------------------------------------------------------------------------------- (CUSIP Number) Allen B. Holeman, Bear, Stearns & Co. Inc. 115 South Jefferson Road, Whippany, NJ 07981 (973) 793-2202 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 3, 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), 13d-1(f) or 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. (Continued on following pages) (Page 1 of Pages) ---------- (1) 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 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). (SC13D-07/98) CUSIP No. 060077104 13D Page of Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) The Bear Stearns Companies Inc.** IRS # 13-3286161 ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS* WC, OO ________________________________________________________________________________ 5 CHECK BOX 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 NUMBER OF 0 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 375,801 _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 375,801 ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 375,801 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.10% ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* HC ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 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, OO ________________________________________________________________________________ 5 CHECK BOX 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 NUMBER OF 0 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 375,801 _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 375,801 ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 375,801 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.10% ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* BD ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 060077104 13D Page of Pages ________________________________________________________________________________ Item 1. Security and Issuer. Common Stock Bangor Hydro-Electric Co. 33 State Street Bangor, Me 04401 ________________________________________________________________________________ Item 2. Identity and Background. (a)Name: Bear, Stearns & Co. Inc. ("Bear Stearns") (b)Place of Organization: Delaware (c)(i)Principal Business: Securities Broker/Dealer (ii) Address: 245 Park Avenue New York, NY 10167 (d)None (e)Any such proceedings are reported and summarized in Bear Stearn's Form BD filed with the Securities and Exchange Commission, which descriptions are hereby incorporated by reference. (f)See Appendix I ________________________________________________________________________________ Item 3. Source and Amount of Funds or Other Consideration. Working Capital; The aggregate purchase price of the 375,801 shares of Common Stock was approximately $9,958,726. ________________________________________________________________________________ Item 4. Purpose of Transaction. Bear Stearns has acquired the Common Stock of Bangor Hydro-Electric Co. in the ordinary course of its business as a broker/dealer in connection with its trading and investment activities. Bear Stearns may acquire additional securities of the Issuer or dispose of securities of the Issuer in connection with such trading and investment activities. Although the foregoing represents the range of activities presently contemplated by Bear Stearns with respect to the Issuer, it should be noted that the possible activities of Bear Stearns are subject to change at any time. Except as set forth above, Bear Stearns has no present plans or intentions which relate to or would result in any of the actions described in subparagraph (a) through (j) of item 4 of Schedule 13D. ________________________________________________________________________________ Item 5. Interest in Securities of the Issuer as of 10/03/2001. (a)Number: 375,801 Percentage: 5.10% (b)1.Sole power to vote or to direct the vote: 0 2.Shared power to vote or to direct the vote: 375,801 3.Sole power to dispose or to direct the disposition: 0 4.Shared power to dispose or to direct the disposition: 375,801 (c)Information concerning transactions in the common stock effected by Bear Stearns is set forth on Appendix II hereto. (d)Inapplicable. (e)Inapplicable. ________________________________________________________________________________ Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None ________________________________________________________________________________ Item 7. Material to be Filed as Exhibits. None ________________________________________________________________________________ **Bear Stearns & Co. is a subsidiary of The Bear Stearns Companies Inc. 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. October 12, 2001 ---------------------------------------- (Date) /S/ ---------------------------------------- (Signature) Barry J. Cohen/Senior Managing Director ---------------------------------------- (Name/Title) APPENDIX I DIRECTORS AND EXECUTIVE OFFICERS OF BEAR, STEARNS & CO. INC. Name Principal Occupation or Employment James E. Cayne Chairman of the Board/Chief Executive Officer Chairman of the Management and Compensation Committee Alan D. Schwartz President and Co-Chief Operating Officer Warren J. Spector President and Co-Chief Operating Officer Alan C. Greenberg Chairman of the Executive Committee Bruce E. Geismar Chief Operations Officer Mark E. Lehman Executive Vice President/General Counsel Chief Legal Officer Michael Minikes Treasurer Samuel L. Molinaro Jr. Chief Financial Officer/Senior Vice President-Finance E. John Rosenwald Jr. Vice-Chairman of the Board Michael L. Tarnopol Vice-Chairman of the Board Kenneth L. Edlow Secretary Denis A. Bovin Director Peter D. Cherasia Director Ralph R. Cioffi Director Barry J. Cohen Director Wendy L. de Monchaux Director Daniel L. Keating Director John L. Knight Director David A. Liebowitz Director Richard R. Lindsey Director Bruce M. Lisman Director Roland N. Livney Director Jeffrey Mayer Director Fares D. Noujaim Director Craig M. Overlander Director Stephen E. Raphael Director Robert M. Steinberg Director Donald W. Tang Director Michael J. Urfirer Director Eli Wachtel Director Uzi Zucker Director John L. Knight's business address is One Canada Square London E16 5AD England. All other Directors and Executive Officers are citizens of the United States and their business address is 245 Park Avenue, New York, New York 10167. Bear Stearns & Co. Inc. is a wholly-owned subsidiary of the Bear Stearns Companies Inc. and of the persons named, all but John L. Knight hold similar office in the parent company. APPENDIX II Bangor Hydro-Electric Co. Trading from 08/17/2001 through 10/3/2001 (Various Firm's Accounts) ***** 10/03 ***** 29,800 BANGOR HYDRO-ELECTRIC CO 26.6700 794,766.00 15,800 BANGOR HYDRO-ELECTRIC CO 26.6700 421,544.00 14,400 BANGOR HYDRO-ELECTRIC CO 26.6700 384,192.00 ***** 09/26 ***** 13,200 BANGOR HYDRO-ELECTRIC CO 26.6000 351,252.00 24,900 BANGOR HYDRO-ELECTRIC CO 26.6000 662,340.00 11,900 BANGOR HYDRO-ELECTRIC CO 26.6000 316,659.00 ***** 09/25 ***** 3,700 BANGOR HYDRO-ELECTRIC CO 26.6000 98,457.00 7,000 BANGOR HYDRO-ELECTRIC CO 26.6000 186,200.00 3,300 BANGOR HYDRO-ELECTRIC CO 26.6000 87,813.00 ***** 09/24 ***** 2,600 BANGOR HYDRO-ELECTRIC CO 26.6000 69,186.00 5,000 BANGOR HYDRO-ELECTRIC CO 26.6000 133,000.00 2,400 BANGOR HYDRO-ELECTRIC CO 26.6000 63,864.00 ***** 09/21 ***** 5,200 BANGOR HYDRO-ELECTRIC CO 26.5989 138,314.28 2,850 BANGOR HYDRO-ELECTRIC CO 26.5989 75,835.37 2,550 BANGOR HYDRO-ELECTRIC CO 26.5989 67,852.70 ***** 09/20 ***** 5,000 BANGOR HYDRO-ELECTRIC CO 26.6000 133,000.00 2,600 BANGOR HYDRO-ELECTRIC CO 26.6000 69,186.00 2,400 BANGOR HYDRO-ELECTRIC CO 26.6000 63,864.00 ***** 09/19 ***** 10,100 BANGOR HYDRO-ELECTRIC CO 26.5995 268,654.95 5,300 BANGOR HYDRO-ELECTRIC CO 26.5995 141,030.35 4,800 BANGOR HYDRO-ELECTRIC CO 26.5995 127,725.60 ***** 09/18 ***** 22,238 BANGOR HYDRO-ELECTRIC CO 26.6000 591,530.80 11,787 BANGOR HYDRO-ELECTRIC CO 26.6000 313,652.07 10,675 BANGOR HYDRO-ELECTRIC CO 26.6000 284,061.75 ***** 09/17 ***** 17,500 BANGOR HYDRO-ELECTRIC CO 26.5500 464,625.00 9,200 BANGOR HYDRO-ELECTRIC CO 26.5500 244,260.00 8,300 BANGOR HYDRO-ELECTRIC CO 26.5500 220,365.00 ***** 09/05 ***** 14,700- BANGOR HYDRO-ELECTRIC CO 26.5729 390,608.60- 7,800- BANGOR HYDRO-ELECTRIC CO 26.5729 207,261.71- 5,500- BANGOR HYDRO-ELECTRIC CO 26.5729 146,091.07- ***** 08/27 ***** 9,200 BANGOR HYDRO-ELECTRIC CO 26.4500 243,340.00 4,900 BANGOR HYDRO-ELECTRIC CO 26.4500 129,654.00 4,200 BANGOR HYDRO-ELECTRIC CO 26.4500 111,132.00 ***** 08/24 ***** 30,100 BANGOR HYDRO-ELECTRIC CO 26.4332 795,639.32 16,000 BANGOR HYDRO-ELECTRIC CO 26.4332 422,931.20 13,900 BANGOR HYDRO-ELECTRIC CO 26.4332 367,560.48 ***** 08/23 ***** 2,578 BANGOR HYDRO-ELECTRIC CO 26.3500 67,930.30 3,635 BANGOR HYDRO-ELECTRIC CO 26.3500 95,818.60 3,787 BANGOR HYDRO-ELECTRIC CO 26.3500 99,825.32 ***** 08/17 ***** 2,000 BANGOR HYDRO-ELECTRIC CO 26.3500 52,700.00 3,000 BANGOR HYDRO-ELECTRIC CO 26.3500 79,080.00 Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).