-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GH1BZPz6Fu5+WgZA3Il9luX1Z55s3YSqJov5naTn2NYOyPA7M8DcqZ8BdW52KAF/ 6jGDMrIepUbnnk/5Fll7Ww== 0000950144-98-008733.txt : 19980724 0000950144-98-008733.hdr.sgml : 19980724 ACCESSION NUMBER: 0000950144-98-008733 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980723 SROS: NASD GROUP MEMBERS: DAVID LEVIS GROUP MEMBERS: LEVIS FAMILY GROUP GROUP MEMBERS: MARIO LEVIS GROUP MEMBERS: SALOMON LEVIS GROUP MEMBERS: ZOILA LEVIS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DORAL FINANCIAL CORP CENTRAL INDEX KEY: 0000840889 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 660312162 STATE OF INCORPORATION: PR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-39891 FILM NUMBER: 98670516 BUSINESS ADDRESS: STREET 1: AVENUE F D ROOSEVELT 1159 CITY: PUERTO NUEVO STATE: PR ZIP: 00920 BUSINESS PHONE: 8097497100 MAIL ADDRESS: STREET 1: AVENUE F D ROOSEVELT 1159 STREET 2: AVENUE F D ROOSEVELT 1159 CITY: PUERTO NUEVO STATE: PR ZIP: 00920 FORMER COMPANY: FORMER CONFORMED NAME: FIRST FINANCIAL CARIBBEAN CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEVIS FAMILY GROUP CENTRAL INDEX KEY: 0001001843 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1159 FD ROOSEVELT AVENUE CITY: SAN JUAN STATE: TX ZIP: 00920 MAIL ADDRESS: STREET 1: 1159 FD ROOSEVELT AVE CITY: SAN JUAN STATE: TX ZIP: 00920 SC 13D/A 1 DORAL FINANCIAL CORPORATION 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 Amendment No. 5 Doral Financial Corporation - -------------------------------------------------------------------------------- (NAME OF ISSUER) Common Stock, $1.00 Par Value - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 25811P100 - -------------------------------------------------------------------------------- (CUSIP NUMBER) Salomon Levis, F.D. Roosevelt Avenue 1159, Puerto Nuevo, Puerto Rico 00920 - -------------------------------------------------------------------------------- (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) July 13, 1998 - -------------------------------------------------------------------------------- (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 [ ]. Check the following box if a fee is being paid with the statement [ ]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1: and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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). 2 CUSIP No. 25811P100 Page 2 of 9 Pages --------- --- --- - ----------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Salomon Levis - ----------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ] (b)[X] See Item 6 and Schedule A - ----------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* No shares are being purchased currently - ----------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - ----------------------------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER 568,684 NUMBER OF -------------------------------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH -------------------------------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 568,684 ------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -- - ----------------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 568,684 - ----------------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.4% - ----------------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -----------------------------------------------------------------------------------------------------------------------------
* SEE INSTRUCTION BEFORE FILLING OUT! 3 CUSIP No. 25811P100 Page 3 of 9 Pages --------- --- --- - ----------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON David Levis - ----------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ] (b)[X] See Item 6 and Schedule A - ----------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* No shares are being purchased currently - ----------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - ----------------------------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER 455,012 NUMBER OF -------------------------------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH -------------------------------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 455,012 ------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ----------------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 455,012 - ----------------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.1% - ----------------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -----------------------------------------------------------------------------------------------------------------------------
* SEE INSTRUCTION BEFORE FILLING OUT! 4 CUSIP No. 25811P100 Page 4 of 9 Pages --------- --- --- - ----------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Mario S. Levis - ----------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ] (b)[X] See Item 6 and Schedule A - ----------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - ----------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - ----------------------------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER 632,312 NUMBER OF -------------------------------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 900 EACH -------------------------------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 632,312 ------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 900 - ----------------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 633,212 - ----------------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.6% - ----------------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -----------------------------------------------------------------------------------------------------------------------------
* SEE INSTRUCTION BEFORE FILLING OUT! 5 CUSIP No. 25811P100 Page 5 of 9 Pages --------- --- --- - ----------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Zoila Levis - ----------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ] (b)[X] See Item 6 and Schedule A - ----------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - ----------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - ----------------------------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER 384,544 NUMBER OF -------------------------------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH -------------------------------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 384,544 ------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ----------------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 384,544 - ----------------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.0% - ----------------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -----------------------------------------------------------------------------------------------------------------------------
* SEE INSTRUCTION BEFORE FILLING OUT! 6 Page 6 of 9 pages SCHEDULE 13D ITEMS The original filing to which this Amendment No. 5 relates was dated October 5, 1995 and was amended by an Amendment No. 1 dated December 15, 1995 ("Amendment No. 1"), Amendment No. 2 dated September 3, 1996 ("Amendment No.2") and Amendment No. 3 ("Amendment No. 3") dated September 9, 1997 and Amendment No. 4 ("Amendment No. 4") dated March 2, 1998. ITEM 1. SECURITY AND ISSUER This Schedule 13D relates to the Common Stock, $1.00 par value (the "Common Stock"), of Doral Financial Corporation, formerly First Financial Caribbean Corporation (the "Company"), a Puerto Rico corporation, having its principal executive offices at 1159 Franklin D. Roosevelt Avenue, Puerto Nuevo, Puerto Rico 00920 and is being filed by the persons identified in Item 2 below. ITEM 2. IDENTIFY AND BACKGROUND See Schedule A attached hereto. None of the persons filing this Schedule 13D has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the past 5 years or was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws. All individuals are citizens of the United States. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The amount of Funds used by Zoila Levis, and Mario S. Levis to purchase the shares of Common Stock reflected in the table under Item 5 below was $210,863 and $183,800 respectively. Zoila Levis financed the purchase of the shares acquired by her by borrowing funds under a master repurchase agreement with Doral Securities pursuant to which she pledged unrelated debt securities to secure the borrowing. Mario S. Levis financed the purchase of shares acquired by him with personal funds. 7 Page 7 of 9 pages ITEM 4. PURPOSE OF TRANSACTION The purpose of this Amendment No. 5 is to reflect the transfer by Salomon Levis of 517,876 shares of Common Stock to his former spouse, Nancy Hernandez, pursuant to a divorce settlement. As a result of the divorce, this Schedule, as amended, also omits from the shares shown as beneficially owned by Salomon Levis, the 50,808 shares owned directly by his former spouse. This Amendment No. 5 also includes information on various purchases of Common Stock made by Zoila Levis and Mario S. Levis since the date of the filing of Amendment No. 4. The shares of Common Stock described in Item 5 purchased by Zoila Levis and Mario S. Levis were purchased for personal investment in order to increase their investment in the Company. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) See Schedule A hereto and cover pages for each individual filing this Schedule. All share information contained in this Amendment No. 5, including this Item 5, has been adjusted to reflect a two-for-one stock split effective May 20, 1998. (b) The spouse of Mario S. Levis owns 900 shares of the Company's Common Stock which have been included in the total amount of shares owned by such persons. The inclusion of such shares of Common Stock in this Schedule 13D shall not be construed as an admission by Mario S. Levis that he is the beneficial owner of such shares for purposes of Section 13(d) of the Securities Exchange Act of 1934. Furthermore, the filing of this Schedule 13D by each of the reporting persons shall not be construed as an admission that the shares of any such person are beneficially owned by any of the other individuals reporting hereunder for purposes of Section 13(d) of the Securities Exchange Act of 1934. Except for the shares of Common Stock owned by their spouses, each of the persons filing this Schedule has the sole power to vote or direct the vote and the sole power to dispose or direct the disposition of all shares of Common Stock owned by him or her, subject to the community property laws of the Commonwealth of Puerto Rico. Since none of the individuals filing this Schedule individually own 5% of the outstanding shares of the Company's Common Stock, the persons filing this Schedule disclaim that the provision of Section 13(d) of the Securities Exchange Act of 1934 and the Rules and Regulations promulgated by the Securities and Exchange Commission thereunder are applicable to their respective holdings of the Company's Common Stock. (c)(i) On May 20, 1998, Salomon Levis entered into a divorce agreement with his former spouse whereby they agreed to a divorce and property settlement. Pursuant to the terms of the Agreement, between July 13 and July 15, 1998, Mr. Levis transferred 456,224 shares of Common Stock to Ms. Hernandez and has agreed to transfer 61,652 additional shares of Common Stock to Ms. Hernandez. In addition to the 517,876 shares transferred pursuant to the terms of the divorce settlement, this Amendment No. 5 omits the 50,808 shares of Common Stock owned by Ms. Hernandez prior to her divorce from Mr. Levis that were previously included in the Schedule 13D. (ii) Since the date of the filing of Amendment No. 4, Zoila Levis and Mario S. Levis entered into various purchase transactions described below.
Purchases by Zoila Levis: Number of Date Shares Price Nature of Transaction - ---- --------- ----- --------------------- 4-24-98 5,600 $17 3/8 Open Market Purchase 4-27-98 2,000 $17 1/4 Open Market Purchase 4-29-98 1,000 $16 7/8 Open Market Purchase 6-4-98 10,000 $15 1/2 Open Market Purchase 6-4-98 2,000 $15 5/8 Open Market Purchase 6-4-98 1,000 $15 7/16 Open Market Purchase
Purchases by Mario S. Levis: Number of Date Shares Price Nature of Transaction - ---- --------- ----- --------------------- 4-24-98 2,000 $17 7/8 Open Market Purchase 4-24-98 2,000 $17 15/16 Open Market Purchase 4-27-98 2,000 $17 3/16 Open Market Purchase 4-29-98 1,000 $17 3/8 Open Market Purchase 5-21-98 300 $16 5/8 Open Market Purchase by spouse 5-26-98 1,000 $15 11/16 Open Market Purchase 6-4-98 1,000 $15 3/4 Open Market Purchase 6-4-98 1,500 $16 Open Market Purchase
8 Page 8 of 9 pages ITEM 6. CONTRACT, ARRANGEMENT OR UNDERSTANDING WITH RESPECT TO SECURITIES OF THE ISSUER None other than an informal understanding that the persons listed in Schedule A attached hereto will consult with each other regarding the disposition and voting of the shares of the Company's Common Stock owned by each of them. Furthermore, the persons listed in Schedule A may acquire additional shares of the Company's Common Stock. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS None Each of the undersigned hereby certifies after reasonable inquiry, that to the best of his/her knowledge and belief, the information set forth in this statement is true, complete and correct. Date: July 22, 1998 /s/ Salomon Levis --------------------------------------- Salomon Levis /s/ David Levis --------------------------------------- David Levis /s/ Zoila Levis --------------------------------------- Zoila Levis /s/ Mario S. Levis --------------------------------------- Mario S. Levis 9 Page 9 of 9 Pages --- --- Schedule A Doral Financial Corporation Amendment No. 5 to Schedule 13D Item 2. Identity and Background and Item 5. Interest in Securities of the Issuer
(4) (Item 5) -------------------------------------- (3) Present Principal occupation or employment and the name, principal business and address of any corporation or other Total number of (1) (2) organization in which such shares of Common Percentage of Name Business Address employment is conducted. Stock owned on the Class of Common (Item 2(a) and (5) (Item 2(b)) (Item 2(c)) date hereof(1) Stock (1) - ------------------------------------------------------------------------------------------------------------------------------------ 1. Salomon Levis 1159 F.D. Roosevelt Ave. Chairman of the Board and Chief Puerto Nuevo, Puerto Rico 00920 Executive Officer of the Company, 568,684 1.4% a corporation engaged principally in the origination, servicing, purchase and sale of mortgages on single-family houses, and the issuance and sale of various mortgage-backed securities. 2. David Levis 1159 F.D. Roosevelt Ave. Private investor and 455,012 1.1% Puerto Nuevo, Puerto Rico 00920 Director Emeritus of the Company 3. Zoila Levis 1159 F.D. Roosevelt Ave. President of the Company 384,544 1.0% Puerto Nuevo, Puerto Rico 00920 4. Mario S. Levis 1159 F.D. Roosevelt Ave. Executive Vice President and Puerto Nuevo, Puerto Rico 00920 Treasurer of the Company 633,212 1.6% --------- ---- Total 2,041,452 5.1%
- ------------------ (1) Based on 40,428,920 shares of Common Stock of the Company outstanding as of June 30, 1998. -----END PRIVACY-ENHANCED MESSAGE-----