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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
PANAMERICAN BANCORP
COMMON STOCK
697938 20 7
JUNE 8, 2004
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
þ Rule 13d-1 (b)
o Rule 13d-1 (c)
o Rule 13d-1 (d)
*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 the disclosures provided in a prior cover page.
The information required in 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).
| 13G | ||||||
| CUSIP No. 697938 20 7 | ||||||
| 1. | Name of Reporting Person: First BanCorp |
I.R.S. Identification Nos. of above
persons (entities only): 66-05-61882 |
||||
| 2. | Check the Appropriate Box if a Member of a Group: | |||||
| (a) | o | |||||
| (b) | o | |||||
| 3. | SEC Use Only: | |||||
| 4. | Citizenship or Place of
Organization: Commonwealth of Puerto Rico |
|||||
| Number
of Shares Beneficially Owned by Each Reporting Person With | ||||||
| 5. | Sole Voting
Power: 629,491 | |||||
| 6. | Shared Voting Power: None | |||||
| 7. | Sole Dispositive Power: 629,491 | |||||
| 8. | Shared Dispositive Power: None | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person:
629,491 |
|||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain
Shares: o |
|||||
| 11. | Percent of Class Represented by Amount in Row
(9): 7.5% | |||||
| 12. | Type of Reporting Person: HC | |||||
2
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G ITEMS
Statement under Section 13(d)-1(b) of the Securities and Exchange Act of 1934.
Item 1
| (a) Name of Issuer | PANAMERICAN BANCORP | |||
| (b) Address of Issuer’s Principal Executive Offices | 3475 Sheridan St. Hollywood, FL 33021 |
Item 2
| (a) Name of Person Filing | First BanCorp | |||
| (b) Address of Principal Business Office | 1519 Ponce de León Avenue Santurce, PR 00909 |
|||
| (c) Place of Incorporation | Commonwealth of Puerto Rico | |||
| (d) Title of Class of Securities | Common Stock | |||
| (e) CUSIP Number | 843803 10 7 |
Item 3
The person filing is a Parent Holding Company in accordance with §240.13d-1(b)(1)(ii)(G).
Item 4
| (a) Amount beneficially owned | 629,4911 | |||
| (b) Percent of class | 7.5%2 | |||
| (c) Number of shares as to which the person has: |
| (i) Sole power to vote or to direct the vote | 629,4911 | |||||
| (ii) Shared power to vote or to direct the vote | None |
| 1 | Does not include: (1) Class A Warrants to purchase 131,425 shares of Common Stock; (2) Class B Warrants to purchase 131,425 shares of Common Stock; and Class D Warrants to purchase 250,000 shares of Common Stock. | |
| 2 | Based on 8,372,126 shares of Common Stock of the Issuer that were outstanding as of December 31, 2004. |
| (iii) Sole power to dispose or to direct the disposition of | 629,4911 | |||||
| (iv) Shared power to dispose or to direct the disposition of | None |
Item 5 Ownership of Five Percent or Less of a Class
Not Applicable.
Item 6 Ownership of More than Five Percent on Behalf of Another Person
Not Applicable.
Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company
Not Applicable.
Item 8 Identification and Classification of Members of the Group
Not Applicable.
Item 9 Notice of Dissolution of Group
Not Applicable.
Item 10 Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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.
Date: February 14, 2005
|
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Signature: /s/ Annie Astor-Carbonell |
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Name: Annie Astor-Carbonell Title: Senior Executive Vice President Chief Financial Officer |