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. )(1)
Community Financial Group, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
20365M108
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(CUSIP Number)
Michael Wright, Bear, Stearns & Co. Inc.
115 South Jefferson Road, Whippany, NJ 07981
(973) 793-2214
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 5, 2002
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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 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)
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(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. 20365M108 13D Page of Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Bear Stearns Companies Inc.**
IRS # 13-3286161
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC, OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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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)
0%
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14 TYPE OF REPORTING PERSON*
HC
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*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
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
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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
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7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
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)
0%
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14 TYPE OF REPORTING PERSON*
BD
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 20365M108 13D Page of Pages
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Page 3
Schedule 13D Amendment No. 1
This statement constitutes Amendment No. 1 to the statement on Schedule 13D
(the "Schedule 13D") filed with the Securities and Exchange Commission by Bear,
Stearns & Co. Inc. ("Bear Stearns") with respect to its ownership of the Common
Stock of Community Financial Group, Inc. (the "Issuer").
Item 1: No Change
Item 2: No Change
Item 3: Source and Amount of Funds or Other Consideration
Not applicable
Item 4: Not applicable
Item 5: Interest in Securities of the Issuer (as of 08/05/02)
(a) The responses of Bear Stearns to Rows (11) through (13) of the
cover page of this Amendment No. 1 to Schedule 13D are
incorporated herein by reference. To the best of Bear, Stearns'
knowledge, none of its executive officers or directors
beneficially own any Common Stock of the Issuer.
(b) The responses of Bear, Stearns to Rows (7) through (10) of the
cover page of this Amendment No. 1 to Schedule 13D are
incorporated herein by reference.
(c) Since the date of its initial filing on Schedule 13D, Bear,
Stearns has effected transactions in the Common Stock of the
Issuer. Information concerning transactions in the Common Stock
effected by Bear, Stearns is set forth on Appendix II.
(d) Not Applicable.
(e) On August 5, 2002, Bear, Stearns exchanged 274,282 shares of
Community Financial Group, Inc. Therefore, Bear Stearns ceased
to be the beneficial owner of more than five percent of the
Common Stock of the Issuer since the date of its original
filing.
Page 4
**Bear, Stearns & Co., Inc is a subsidiary of The Bear, Stearns Companies Inc.
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.
August 7, 2002
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(Date)
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(Signature)
Steve Kraemer/Senior Managing Director
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(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 and
Director
Alan D. Schwartz President, Co-Chief Operating Officer and Director
Warren J. Spector President, Co-Chief Operating Officer and Director
Alan C. Greenberg Chairman of the Executive Committee
Kenneth L. Edlow Secretary
Michael Minikes Treasurer and Director
Mark E. Lehman Executive Vice President/General Counsel
Chief Legal Officer and Director
Samuel L. Molinaro Jr. Chief Financial Officer/Senior Vice President-Finance
and Director
E. John Rosenwald Jr. Vice-Chairman of the Board and Director
Michael L. Tarnopol Vice-Chairman of the Board and Director
Steven L. Begleiter Director
Kathryn R. Booth Director
Denis A. Bovin Director
Peter D. Cherasia Director
Ralph R. Cioffi Director
Barry J. Cohen Director
Wendy L. de Monchaux Director
Bruce E. Geismar Director
Daniel L. Keating Director
David A. Liebowitz Director
Richard R. Lindsey Director
Bruce M. Lisman Director
Roland N. Livney Director
Jeffrey Mayer Director
Steven D. Meyer Director
Fares D. Noujaim Director
Craig M. Overlander Director
Aldo Parcesepe Director
Stephen E. Raphael Director
Robert M. Steinberg Director
Donald W. Tang Director
Michael J. Urfirer Director
Jeffrey H. Urwin Director
Eli Wachtel Director
All Directors and Executive Officers are citizens of the United States
and their business address is 383 Madison Avenue, New York, New York 10179.
Bear Stearns & Co. Inc. is a wholly-owned subsidiary of the Bear Stearns
Companies Inc.
APPENDIX II
Community Financial Group, Inc.
Trading from 06/28/02 through 08/05/02
(Various Firm Accounts)
***** 08/05 *****
137,226- COMMUNITY FINANCIAL GROUP INC XCH OA .00
67,244- COMMUNITY FINANCIAL GROUP INC XCH OA .00
69,812- COMMUNITY FINANCIAL GROUP INC XCH OA .00
***** 07/22 *****
100 COMMUNITY FINANCIAL GROUP INC 20.4200 2,042.00
***** 07/19 *****
100 COMMUNITY FINANCIAL GROUP INC 21.9500 2,195.00
5,000 COMMUNITY FINANCIAL GROUP INC 21.5100 107,550.00
100- COMMUNITY FINANCIAL GROUP INC 21.3600 2,135.93-
100- COMMUNITY FINANCIAL GROUP INC 21.3500 2,134.93-
100- COMMUNITY FINANCIAL GROUP INC 21.4000 2,139.93-
100- COMMUNITY FINANCIAL GROUP INC 21.5700 2,156.93-
400- COMMUNITY FINANCIAL GROUP INC 21.6000 8,639.73-
600- COMMUNITY FINANCIAL GROUP INC 21.5700 12,941.61-
700- COMMUNITY FINANCIAL GROUP INC 21.6000 15,119.54-
900- COMMUNITY FINANCIAL GROUP INC 21.4000 19,259.42-
1,000- COMMUNITY FINANCIAL GROUP INC 21.5700 21,569.35-
1,000- COMMUNITY FINANCIAL GROUP INC 21.5700 21,569.35-
***** 07/18 *****
100 COMMUNITY FINANCIAL GROUP INC 22.9500 2,295.00
***** 07/17 *****
100 COMMUNITY FINANCIAL GROUP INC 23.9500 2,395.00
4 COMMUNITY FINANCIAL GROUP INC 23.7600 95.04
***** 07/16 *****
100 COMMUNITY FINANCIAL GROUP INC 23.8500 2,385.00
1,000 COMMUNITY FINANCIAL GROUP INC 23.8500 23,850.00
200 COMMUNITY FINANCIAL GROUP INC 24.0500 4,810.00
***** 07/15 *****
250 COMMUNITY FINANCIAL GROUP INC 24.7500 6,187.50
350 COMMUNITY FINANCIAL GROUP INC 24.6000 8,610.00
400 COMMUNITY FINANCIAL GROUP INC 24.6000 9,840.00
1,000 COMMUNITY FINANCIAL GROUP INC 24.6000 24,600.00
1,000 COMMUNITY FINANCIAL GROUP INC 24.7500 24,750.00
1,000 COMMUNITY FINANCIAL GROUP INC 24.7500 24,750.00
1,000 COMMUNITY FINANCIAL GROUP INC 24.7500 24,750.00
5,000 COMMUNITY FINANCIAL GROUP INC 24.5000 122,500.00
5,000- COMMUNITY FINANCIAL GROUP INC 24.5988 122,992.22-
2,400 COMMUNITY FINANCIAL GROUP INC 24.5988 59,037.12
2,600 COMMUNITY FINANCIAL GROUP INC 24.5988 63,956.88
***** 07/12 *****
100 COMMUNITY FINANCIAL GROUP INC 25 2,500.00
200 COMMUNITY FINANCIAL GROUP INC 25 5,000.00
1,000 COMMUNITY FINANCIAL GROUP INC 25 25,000.00
1,000 COMMUNITY FINANCIAL GROUP INC 25 25,000.00
1,000 COMMUNITY FINANCIAL GROUP INC 25 25,000.00
1,000 COMMUNITY FINANCIAL GROUP INC 25 25,000.00
***** 07/01 *****
100 COMMUNITY FINANCIAL GROUP INC 25 2,500.00
***** 06/28 *****
100 COMMUNITY FINANCIAL GROUP INC 25.1500 2,515.00
700 COMMUNITY FINANCIAL GROUP INC 25.1500 17,605.00
1,000 COMMUNITY FINANCIAL GROUP INC 25.1500 25,150.00
1,000 COMMUNITY FINANCIAL GROUP INC 25.1500 25,150.00
1,456- COMMUNITY FINANCIAL GROUP INC 25.1500 36,617.85-
714 COMMUNITY FINANCIAL GROUP INC 25.1500 17,957.10
742 COMMUNITY FINANCIAL GROUP INC 25.1500 18,661.30
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).