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OMB APPROVAL
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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)
The Carbide/Graphite Group,Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
140777103
--------------------------------------------------------------------------------
(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)
June 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 [X].
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. 140777103 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 1,407,500
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
1,407,500
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,407,500
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[-]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.89%
--------------------------------------------------------------------------------
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 1,407,500
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
1,407,500
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,407,500
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[-]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.89%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BD
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 140777103 13D Page of Pages
--------------------------------------------------------------------------------
Item 1. Security and Issuer.
Common Stock The Carbide/Graphite Group,Inc.
One Gateway Center, 19th Floor
Pittsburgh, PA 15222
--------------------------------------------------------------------------------
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)See Appendix II
(f)See Appendix I
--------------------------------------------------------------------------------
Item 3. Source and Amount of Funds or Other Consideration.
The aggregate purchase price of the 1,407,500 shares of Common Stock was
approximately $1,759,375.
--------------------------------------------------------------------------------
Item 4. Purpose of Transaction.
Bear Stearns had acquired the Common Stock of The Carbide/Graphite Group,Inc. in
the ordinary course of its business as a broker/dealer in connection with its
market making activities. Bear Stearns may acquire additional securities of the
Issuer or dispose of securities of the Issuer in connection with such market
making activities. As a result of the acquisition of shares through its market
making activities, it filed a report on form 13G on February 9, 2001.
On June 3, 2001, the Issuer publicly announced a financial restructuring and
that it had signed an agreement to sell convertible preferred stock to a
third-party Questar Partners Fund II, L.P. ("Questar") that would give Questar a
controlling interest in the Issuer. Bear Stearns is acting as financial advisor
to the Issuer in this transaction. The transaction is subject to shareholder
approval. Bear Stearns currently intends to vote its shares at the Issuer's
special shareholder meeting.
--------------------------------------------------------------------------------
Item 5. Interest in Securities of the Issuer as of 6/3/2001.
(a)Number: 1,407,500
Percentage: 16.89%
(b)1.Sole power to vote or to direct the vote: 0
2.Shared power to vote or to direct the vote: 1,407,500
3.Sole power to dispose or to direct the disposition: 0
4.Shared power to dispose or to direct the disposition: 1,407,500
(c)Information concerning transactions in the common stock effected by Bear
Stearns is set forth on Appendix III hereto.
(d)Inapplicable.
(e)Inapplicable.
--------------------------------------------------------------------------------
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
On November 21, 2000, Bear Stearns was retained by the Issuer to act as
financial adviser in connection with the Questar transaction. Bear Stearns will
receive a customary fee in connection with its services. In addition, Issuer
has agreed to reimburse Bear Stearns for its out-of-pocket expenses and to
indemnify Bear Stearns from liability in connection with the services it
provides to the Issuer.
--------------------------------------------------------------------------------
Item 7. Material to be Filed as Exhibits.
None
--------------------------------------------------------------------------------
**Bear Stearns & Co. 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.
June 8, 2001
----------------------------------------
(Date)
/S/
----------------------------------------
(Signature)
Aldo Parcesepe/Senior Managing Director
----------------------------------------
(Name/Title)
APPENDIX I
APPENDIX I
DIRECTORS AND EXECUTIVE OFFICERS OF BEAR, STEARNS & CO. INC.
Name Principal Occupation or Employment
Alan C. Greenberg Chairman of the Board and Director
James E. Cayne President, Chief Executive Officer and Director
Bruce E. Geismar Chief Operations Officer and Director
Kenneth L. Edlow Secretary
Michael Minikes Treasurer and Director
Mark E. Lehman Executive Vice President/General Counsel
Chief Legal Officer and Director
Alan D. Schwartz Executive Vice President and Director
Warren J. Spector Executive Vice President 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
Denis A. Bovin Director
Peter D. Cherasia Director
Ralph R. Cioffi Director
Barry J. Cohen Director
Wendy L. de Monchaux Director
John L. Knight Director
David A. Liebowitz Director
Bruce M. Lisman Director
Roland N. Livney Director
Jeffrey Mayer Director
Gary M. McLoughlin Director
Donald R. Mullen Jr. Director
Fares D. Noujaim Director
Craig M. Overlander Director
Stephen E. Raphael Director
Richard B. Sachs 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. Michael J. Abatemarco is a citizen of the United States and his
business address is One Metrotech Center North, Brooklyn, New York 11201.
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
Trading from 04/5/01 through 06/3/01
(Various Firm's Accounts)
***** 06/01 *****
2,000- CARBIDE/GRAPHITE GROUP INC 1.3600 2,719.90-
3,000- CARBIDE/GRAPHITE GROUP INC 1.3500 4,049.86-
3,000- CARBIDE/GRAPHITE GROUP INC 1.4300 4,289.85-
6,000- CARBIDE/GRAPHITE GROUP INC 1.3500 8,099.73-
***** 05/31 *****
500 CARBIDE/GRAPHITE GROUP INC 1.4000 700.00
500 CARBIDE/GRAPHITE GROUP INC 1.3000 650.00
7,500 CARBIDE/GRAPHITE GROUP INC 1.5500 11,625.00
7,500- CARBIDE/GRAPHITE GROUP INC 1.5500 11,625.00-
***** 05/30 *****
100 CARBIDE/GRAPHITE GROUP INC 1.6000 160.00
300 CARBIDE/GRAPHITE GROUP INC 1.5500 465.00
300 CARBIDE/GRAPHITE GROUP INC 1.5400 462.00
500 CARBIDE/GRAPHITE GROUP INC 1.5400 770.00
500- CARBIDE/GRAPHITE GROUP INC 1.6500 824.97-
300- CARBIDE/GRAPHITE GROUP INC 1.5400 462.00-
500- CARBIDE/GRAPHITE GROUP INC 1.5400 769.97-
500- CARBIDE/GRAPHITE GROUP INC 1.5400 770.00-
2,700- CARBIDE/GRAPHITE GROUP INC 1.6000 4,319.85-
6,000- CARBIDE/GRAPHITE GROUP INC 1.5800 9,479.68-
***** 05/29 *****
15,000 CARBIDE/GRAPHITE GROUP INC 1.5000 22,500.00
500- CARBIDE/GRAPHITE GROUP INC 1.6000 799.97-
2,000- CARBIDE/GRAPHITE GROUP INC 1.6000 3,199.89-
800- CARBIDE/GRAPHITE GROUP INC 1.5700 1,255.95-
1,000- CARBIDE/GRAPHITE GROUP INC 1.5700 1,569.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.5200 1,519.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.5200 1,519.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.5200 1,519.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.5200 1,519.94-
2,000- CARBIDE/GRAPHITE GROUP INC 1.5200 3,039.89-
2,000- CARBIDE/GRAPHITE GROUP INC 1.5200 3,039.89-
15,000- CARBIDE/GRAPHITE GROUP INC 1.5000 22,500.00-
***** 05/25 *****
35,000 CARBIDE/GRAPHITE GROUP INC 1.5500 54,250.00
1,000- CARBIDE/GRAPHITE GROUP INC 1.5000 1,499.95-
1,800- CARBIDE/GRAPHITE GROUP INC 1.5000 2,699.91-
35,000- CARBIDE/GRAPHITE GROUP INC 1.5500 54,250.00-
***** 05/24 *****
100 CARBIDE/GRAPHITE GROUP INC 1.6500 165.00
100 CARBIDE/GRAPHITE GROUP INC 1.5500 155.00
100 CARBIDE/GRAPHITE GROUP INC 1.6500 165.00
100 CARBIDE/GRAPHITE GROUP INC 1.6500 165.00
1,000- CARBIDE/GRAPHITE GROUP INC 1.5000 1,499.95-
1,000- CARBIDE/GRAPHITE GROUP INC 1.5000 1,499.95-
1,000- CARBIDE/GRAPHITE GROUP INC 1.5000 1,499.95-
1,000- CARBIDE/GRAPHITE GROUP INC 1.5000 1,499.95-
1,000- CARBIDE/GRAPHITE GROUP INC 1.5500 1,549.94-
1,465,000 CARBIDE/GRAPHITE GROUP INC 1.0400 1,523,600.00
3,000- CARBIDE/GRAPHITE GROUP INC 1.6000 4,799.84-
3,000- CARBIDE/GRAPHITE GROUP INC 1.6000 4,799.84-
700- CARBIDE/GRAPHITE GROUP INC 1.6000 1,119.96-
1,000- CARBIDE/GRAPHITE GROUP INC 1.6000 1,599.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.6000 1,599.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.6000 1,599.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.6000 1,599.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.6000 1,599.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.6000 1,599.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.6000 1,599.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.6000 1,599.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.5000 1,499.95-
1,000- CARBIDE/GRAPHITE GROUP INC 1.5000 1,499.95-
1,200- CARBIDE/GRAPHITE GROUP INC 1.6000 1,919.93-
1,300- CARBIDE/GRAPHITE GROUP INC 1.6000 2,079.93-
1,500- CARBIDE/GRAPHITE GROUP INC 1.4000 2,099.93-
2,000- CARBIDE/GRAPHITE GROUP INC 1.5000 2,999.90-
2,000- CARBIDE/GRAPHITE GROUP INC 1.5800 3,159.89-
2,000- CARBIDE/GRAPHITE GROUP INC 1.6000 3,199.89-
2,000- CARBIDE/GRAPHITE GROUP INC 1.6000 3,199.89-
2,000- CARBIDE/GRAPHITE GROUP INC 1.6000 3,199.89-
1,465,000- CARBIDE/GRAPHITE GROUP INC 1.0400 1,523,600.00-
***** 05/23 *****
200 CARBIDE/GRAPHITE GROUP INC 1.3000 260.00
200 CARBIDE/GRAPHITE GROUP INC 1.4000 280.00
2,000- CARBIDE/GRAPHITE GROUP INC 1.5500 3,099.89-
***** 05/22 *****
100 CARBIDE/GRAPHITE GROUP INC 1.5900 159.00
1,000- CARBIDE/GRAPHITE GROUP INC 1.5000 1,499.95-
1,000- CARBIDE/GRAPHITE GROUP INC 1.5000 1,499.95-
1,400- CARBIDE/GRAPHITE GROUP INC 1.5500 2,169.92-
1,500- CARBIDE/GRAPHITE GROUP INC 1.5000 2,249.92-
***** 05/18 *****
1,000 CARBIDE/GRAPHITE GROUP INC 1.2500 1,250.00
1,400- CARBIDE/GRAPHITE GROUP INC 1.5100 2,113.92-
***** 05/17 *****
1,000 CARBIDE/GRAPHITE GROUP INC 1.3500 1,350.00
1,000 CARBIDE/GRAPHITE GROUP INC 1.3500 1,350.00
100- CARBIDE/GRAPHITE GROUP INC 1.5500 154.99-
***** 05/16 *****
800 CARBIDE/GRAPHITE GROUP INC 1.3500 1,080.00
1,000 CARBIDE/GRAPHITE GROUP INC 1.3500 1,350.00
1,500 CARBIDE/GRAPHITE GROUP INC 1.3500 2,025.00
500- CARBIDE/GRAPHITE GROUP INC 1.6500 824.97-
500- CARBIDE/GRAPHITE GROUP INC 1.6500 824.97-
2,500- CARBIDE/GRAPHITE GROUP INC 1.6500 4,124.86-
***** 05/15 *****
900- CARBIDE/GRAPHITE GROUP INC 1.7500 1,574.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.7500 1,749.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.7500 1,749.94-
3,000- CARBIDE/GRAPHITE GROUP INC 1.7500 5,249.82-
1,000- CARBIDE/GRAPHITE GROUP INC 1.6000 1,599.94-
1,500- CARBIDE/GRAPHITE GROUP INC 1.6000 2,399.92-
2,000- CARBIDE/GRAPHITE GROUP INC 1.6000 3,199.89-
2,000- CARBIDE/GRAPHITE GROUP INC 1.6000 3,199.89-
***** 05/14 *****
2,000- CARBIDE/GRAPHITE GROUP INC 1.6085 3,216.89-
1,500- CARBIDE/GRAPHITE GROUP INC 1.6000 2,399.92-
1,900- CARBIDE/GRAPHITE GROUP INC 1.6000 3,039.89-
100- CARBIDE/GRAPHITE GROUP INC 1.5200 151.99-
***** 05/11 *****
800- CARBIDE/GRAPHITE GROUP INC 1.5000 1,199.96-
1,200- CARBIDE/GRAPHITE GROUP INC 1.5000 1,799.94-
2,000- CARBIDE/GRAPHITE GROUP INC 1.5000 2,999.90-
***** 05/10 *****
8,000 CARBIDE/GRAPHITE GROUP INC 1.2500 10,000.00
***** 05/09 *****
1,000- CARBIDE/GRAPHITE GROUP INC 1.6500 1,649.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.6500 1,649.94-
100- CARBIDE/GRAPHITE GROUP INC 1.5000 149.99-
***** 05/07 *****
2,500 CARBIDE/GRAPHITE GROUP INC 1.4500 3,625.00
100- CARBIDE/GRAPHITE GROUP INC 1.5000 149.99-
200- CARBIDE/GRAPHITE GROUP INC 1.6000 319.98-
***** 05/04 *****
2,500- CARBIDE/GRAPHITE GROUP INC 1.5000 3,749.87-
***** 05/03 *****
2,500 CARBIDE/GRAPHITE GROUP INC 1.5000 3,750.00
***** 04/27 *****
1,900- CARBIDE/GRAPHITE GROUP INC 1.7500 3,324.88-
2,100- CARBIDE/GRAPHITE GROUP INC 1.7500 3,674.87-
500- CARBIDE/GRAPHITE GROUP INC 1.6000 799.97-
1,000- CARBIDE/GRAPHITE GROUP INC 1.6000 1,599.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.6000 1,599.94-
1,000- CARBIDE/GRAPHITE GROUP INC 1.6000 1,599.94-
***** 04/26 *****
100 CARBIDE/GRAPHITE GROUP INC 1.6500 165.00
100 CARBIDE/GRAPHITE GROUP INC 1.6500 165.00
100 CARBIDE/GRAPHITE GROUP INC 1.7100 171.00
3,000 CARBIDE/GRAPHITE GROUP INC 1.5500 4,650.00
***** 04/25 *****
1,000- CARBIDE/GRAPHITE GROUP INC 1.5000 1,499.95-
***** 04/20 *****
100 CARBIDE/GRAPHITE GROUP INC 1.4200 142.00
***** 04/18 *****
1,000- CARBIDE/GRAPHITE GROUP INC 1.6000 1,599.94-
2,000- CARBIDE/GRAPHITE GROUP INC 1.4000 2,799.90-
***** 04/17 *****
100 CARBIDE/GRAPHITE GROUP INC 1.4000 140.00
500- CARBIDE/GRAPHITE GROUP INC 1.4000 699.97-
***** 04/16 *****
300 CARBIDE/GRAPHITE GROUP INC 1.2800 384.00
***** 04/12 *****
3,200- CARBIDE/GRAPHITE GROUP INC 1.5000 4,799.84-
500- CARBIDE/GRAPHITE GROUP INC 1.6000 799.97-
***** 04/11 *****
2,000 CARBIDE/GRAPHITE GROUP INC 1.5000 3,000.00
2,000- CARBIDE/GRAPHITE GROUP INC 1.5000 3,000.00-
4,400- CARBIDE/GRAPHITE GROUP INC 1.3500 5,939.80-
***** 04/10 *****
1,900- CARBIDE/GRAPHITE GROUP INC 1.5700 2,982.90-
***** 04/06 *****
900- CARBIDE/GRAPHITE GROUP INC 1 3/8 1,237.45-
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).