UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)
MONTEREY BAY BANCORP INC.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
61239H107
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(CUSIP Number)
David J. Harris, Esq.,
1775 Eye Street, N.W. Washington, D.C. 20006 (202) 261-3385
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(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
November 19, 2001
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(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.
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).
Page 1 of 3 Pages
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1
NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Josiah T. Austin
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2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)|_| (b) x
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3
SEC USE ONLY
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4
SOURCE OF FUNDS
WC
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5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
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6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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----------------------- --------- ----------------------------------------------
NUMBER OF 7
SHARES SOLE VOTING POWER
BENEFICIALLY
OWNED BY 48,655
EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------
8
SHARED VOTING POWER
474,155
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9
SOLE DISPOSITIVE POWER
48,655
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10
SHARED DISPOSITIVE POWER
474,155
----------------------- --------- ----------------------------------------------
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11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
522,810
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12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES |_|
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13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.1%
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14
TYPE OF REPORTING PERSON
IN
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1
NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
El Coronado Holdings, L.L.C.
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2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)|_| (b) x
--------- ----------------------------------------------------------------------
3
SEC USE ONLY
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4
SOURCE OF FUNDS
WC
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5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
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6
CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona
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----------------------- --------- ----------------------------------------------
NUMBER OF 7
SHARES SOLE VOTING POWER
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------
8
SHARED VOTING POWER
474,155
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9
SOLE DISPOSITIVE POWER
--------- ----------------------------------------------
10
SHARED DISPOSITIVE POWER
474,155
----------------------- --------- ----------------------------------------------
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11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
474,155
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12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES |_|
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13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.7%
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14
TYPE OF REPORTING PERSON
HC
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ITEM 1. Security and Issuer.
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This Amendment No. 7 to Statement on Schedule 13D heretofore filed on
February 26, 1996 is filed with respect to the Common Stock, par value $.01 per
share (the "Common Stock"), of Monterey Bay Bancorp Inc., a Delaware corporation
(the "Company"). The address of the principal executive office of the Company is
567 Auto Center Drive, Watsonville, California 95076. This statement is being
filed on behalf of Josiah T. Austin, a United States citizen, and El Coronado
Holdings, L.L.C. ("ECH"), an Arizona limited liability company whose principal
place of business is Star Route 395, Pearce Arizona 85626 (hereinafter the
"Reporting Person" and collectively the "Reporting Persons") to reflect the
following amendments to Item 3 and Item 5.
ITEM 3. Source and Amount of Funds or other Consideration
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Item 3 is amended to include the following:
The aggregate consideration (exclusive of brokers' commissions) for the
purchase of all shares of MBBC Common Stock since filing Amendment No. 6 is
$1,815,997.87.
Mr. Austin is sole Managing Member of ECH. Acting on behalf of ECH, Mr.
Austin purchased 136,700 shares of Common Stock in the open market for an
aggregate consideration (exclusive of brokerage commissions) of $1,804,607.44
since filing Amendment No. 6. The primary source of the funds for these
purchases was existing funds of ECH and funds available under standard margin
agreements with broker-dealers.
Mr. Austin, in his individual capacity, purchased 916 shares of Common
Stock in open market transactions for an aggregate consideration (exclusive of
brokers' commissions) of $11,390.43 since filing Amendment No. 6. The primary
source of funds for these purchases was directors' fees.
All dollar amounts are in United States Dollars.
ITEM 5. Interest in Securities of the Issuer.
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Item 5 is amended and restated to read as follows:
The Company reported 3,452,764 shares issued and outstanding as of November
9, 2001.
(a) Mr. Austin is the beneficial owner of 522,810 shares (15.1% of the
outstanding shares) of MBBC Common Stock, in his personal capacity, as Trustee
of the Austin-Clark Family Irrevocable Life Insurance Trust, the Valerie A.
Gordon Trust, the Christina Lowrey Trust, the Matthew A. Lowrey Trust and as
sole Managing Member of ECH. ECH is the beneficial owner of 474, 155 shares
(13.7% of the outstanding shares) of MBBC Common Stock.
(b) Mr. Austin has the sole power to vote or to direct the vote and dispose
of 48,655 shares. As the sole Managing Member of ECH, Mr. Austin shares with ECH
the power to vote or to direct the vote and dispose of 474,155 shares.
(c) During the 60 days preceding the filing of this report, Mr. Austin,
acting on behalf of ECH, acquired 109,800 shares of Common Stock as set forth
below. All transactions were made through broker's transactions in the open
market. Prices do not include brokerage fees.
Purchaser Date of Purchase Number of Shares Price Per Share
--------- ---------------- ---------------- ---------------
ECH 10/26/01 9,800 13.000
ECH 11/19/01 100,000 13.310
(d) No person other than Mr. Austin and trusts identified above (and, upon
termination of the trusts, their beneficiaries) has any right to receive or the
power to direct the receipt of dividends from or the proceeds from the sale of
shares of Common Stock beneficially owned by Mr. Austin.
Signature
After reasonable inquiry and to the best knowledge and belief, I certify
that the information set forth in this Statement is true, complete and correct.
Date: November 28, 2001 ________________________________
Josiah T. Austin, Individually and as sole
Managing Member of El Coronado Holdings L.L.C.