Main Page (1) TYPE SC 13G PERIOD 12/31/2003 SUBMISSION-CONTACT NAME STEFANIE M. HIGA PHONE 808-525-5158 SUBJECT-COMPANY NAME ALEXANDER & BALDWIN, INC. CIK 0000003453 IRS-NUMBER 99-0032630 FILE NUMBER UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 4)* ALEXANDER & BALDWIN, INC. ------------------------------------------ (Name of Issuer) Common Stock, Without Par Value ------------------------------------------ (Title of Class of Securities) 014482103 ------------------------------------------ (CUSIP Number) December 31, 2003 ------------------------------------------- Date of Event Which Requires Filing this Statement Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] 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 ("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). CUSIP NO. 014482103 13G Page 2 of 4 (1) NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO.OF ABOVE PERSONS BancWest Corporation 99-0156159 ----------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b [ ] ----------------------------------------------------------------- (3) SEC USE ONLY ----------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------------------------------------- (5) SOLE VOTING POWER NUMBER OF 405,208 SHARES -------------------------------------------------- ------- BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 1,801,980 EACH -------------------------------------------------------- -- REPORTING (7) SOLE DISPOSITIVE POWER PERSON 1,230,808 WITH -------------------------------------------------------- -- (8) SHARED DISPOSITIVE POWER 976,380 --------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,207,188 --------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] --------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.2% --------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* HC CUSIP NO. 014482103 13G Page 3 of 4 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Schedule 13G Under the Securities Exchange Act of 1934 Answer every item. If an item is inapplicable or the answer is in the negative, so state. Item 1(a) Name of issuer Alexander & Baldwin, Inc. Item 1(b) Address of Issuer's Principal Executive Offices 822 Bishop Street Honolulu, HI 96813 Item 2(a) Name of person filing BancWest Corporation Item 2(b) Address or principal business office or, if none, residence: 999 Bishop Street Honolulu HI 96813 Item 2(c) Citizenship: Delaware Item 2(d) Title of class of securities: Common Stock, Without Par Value Item 2(e) CUSIP No.: 014482103 Item 3 If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (g) [X] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). Item 4 Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 2,207,188 (b) Percent of class: 5.2% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 405,208 (ii) Shared power to vote or to direct the vote: 1,801,980 (iii) Sole power to dispose or to direct disposition of: 1,230,808 (iv) Shared power to dispose or to direct the disposition of: 976,380 CUSIP NO. 014482103 13G Page 4 of 4 Item 5 Ownership of 5 percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following: [ ] Item 6 Ownership of More than 5% on Behalf of Another Person Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the common stock of Alexander & Baldwin, Inc. No one person's interest in such common stock of Alexander & Baldwin, Inc. is more than five percent of the total outstanding common stock. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person: See Exhibit 1 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. 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. Signature: Name/Title: William E. Atwater Senior Vice President and Secretary Date: January 16, 2004 DOCUMENT TYPE EX-1 DESCRIPTION IDENTIFICATION OF THE RELEVANT SUBSIDIARY TEXT EXHIBIT 1. BancWest Corporation (HC) is the parent holding company of First Hawaiian Bank (BK), a bank. TEXT /DOCUMENT