4 1 file001.txt FORM 4 FORM 4 [ ] CHECK THIS BOX IF NO LONGER SUBJECT TO SECTION 16. FORM 4 OR FORM 5 OBLIGATIONS MAY CONTINUE. SEE INSTRUCTION 1(B). UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 STATEMENT IN CHANGES OF BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 (Print or Type Responses) ------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Ford Gerald J. ----------------------------------------------------- (Last) (First) (Middle) 200 Crescent Court, Ste. 1350 ----------------------------------------------------- (Street) Dallas TX 75201 ----------------------------------------------------- (City) (State) (Zip) ------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol Golden State Bancorp Inc. GSB ------------------------------------------------------------------------------- 3. IRS Identification Number of Reporting Person, if an entity (voluntary) ------------------------------------------------------------------------------- 4. Statement for Month/Year 7/2002 ------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Year) ------------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [X] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Chairman of the Board and Chief Executive Officer ------------------------------------------------- ------------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line) [ ] Form filed by One Reporting Person [X] Form filed by More than One Reporting Person -------------------------------------------------------------------------------

FORM 4 (continued)

Explanation of Responses: See Attachment No. 1 ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. /s/ Gerald J. Ford ------------------------------------ ** Signature of Reporting Person 8/5/2002 GERALD J. FORD ATTACHMENT NO. 1 TO FORM 4 - GERALD J. FORD (1) 1,044,027 shares of Golden State Common Stock (the "Shares") reported herein were acquired by Mr. Ford as contingent merger consideration pursuant to Section 1.6 of the Agreement and Plan of Reorganization dated as of February 4, 1998, as amended (the "Agreement") among First Gibraltar Holdings Inc., Hunter's Glen/Ford, Ltd. ("Hunter's Glen"), First Nationwide (Parent) Holdings Inc., First Nationwide Holdings Inc., Golden State Bancorp Inc. ("GSB") and Golden State Financial Corporation. The Shares are indirectly owned by Mr. Ford through Hunter's Glen, a limited partnership in which Mr. Ford and Ford Diamond Corporation, a corporate entity controlled by Mr. Ford, are the general partners. Hunter's Glen is the record holder of the Shares reported herein. Pursuant to the formula set forth in the Agreement, the price per share attributed to the Shares is $19.1566. (2) Subject to earlier vesting in connection with a change in control of GSB, the option vests in three equal annual installments commencing January 22, 2003. (3)The 2002 Long Term Incentive Plan Right ("LTIP Right") is tied directly to the performance of GSB's common stock over a three-year period from 2002 through 2004. The award payable at the end of the three-year period ("LTIP Period") is an amount equal to the product of (i) a target award, which is 125% of the reporting person's annual salary at the time of the payment of the award, and (ii) a "percentage", which is based on the relationship that GSB's actual stock price at the end of the performance period (calculated as an average over the last thirty trading days of the LTIP Period) bears to the target price of $38.85. If a change in control of GSB occurs prior to the end of the LTIP Period, the reporting person is entitled to receive the target award. JOINT FILERS 1. Name of designated filer: Gerald J. Ford Name of joint filer: Hunter's Glen/Ford, Ltd. Address of joint filer: 200 Crescent Court, Suite 1350 Dallas, Texas 75201 Statement for Month/Year: 7/2002 Issuer name and Ticker or Trading Symbol Golden State Bancorp Inc. (GSB) Relationship of Reporting Person to Issuer 10% Owner HUNTER'S GLEN/FORD, LTD. By: Ford Diamond Corporation, General Partner By: /s/ Gerald J. Ford ---------------------------------- Gerald J. Ford, President 2. Name of designated filer: Gerald J. Ford Name of joint filer: Ford Diamond Corporation Address of joint filer: 200 Crescent Court, Suite 1350 Dallas, Texas 75201 Statement for Month/Year: 7/2002 Issuer name and Ticker or Trading Symbol Golden State Bancorp Inc. (GSB) Relationship of Reporting Person to Issuer 10% Owner FORD DIAMOND CORPORATION By: /s/ Gerald J. Ford --------------------------------- Gerald J. Ford, President

GOLDEN STATE BANCORP INC 4