8-K 1 bsa02ac3.txt JULY 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 25, 2002 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2002-AC3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-43091-13 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A., 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 Former name or former address, if changed since last report) ITEM 5. Other Events On July 25, 2002 a distribution was made to holders of BEAR STEARNS ASSET- BACKED SECURITIES TRUST, Asset-Backed Certificates, Series 2002-AC3 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset-Backed Certificates, Series 2002-AC3 Trust, relating to the July 25 2002 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2002-AC3 Trust By: Wells Fargo Bank, N. A. as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 8/2/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset- Backed Certificates, Series 2002-AC3 Trust, relating to the July 25, 2002 distribution. EX-99.1

~~EXHIBIT~~Bear ~~INDEX~~Stearns ~~Item~~Asset ~~601~~Backed ~~(a)~~Securities ofAsset-Backed ~~Sequentially~~Certificates ~~Exhibit~~Record ~~Regulation~~Date: S6/30/02 Distribution Date: 7/25/02 BSA Series: 2002-KAC3 ~~Numbered~~Contact: ~~Number~~Customer ~~Exhibit~~Service No- CTSLink Wells Fargo Bank Minnesota, N.A. ~~Description~~Securities ~~Page~~Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 07384YEC6 SEN 1.99000% 98,866,000.00 147,557.51 4,441,550.32 A-2 07384YED4 SEN 5.49000% 56,316,000.00 257,645.70 0.00 A-3 07384YEE2 SEN 6.40000% 48,522,000.00 258,784.00 0.00 A-4 07384YEF9 SEN 6.68000% 15,804,000.00 87,975.60 0.00 A-5 07384YEG7 SEN 6.74000% 23,249,000.00 130,581.88 0.00 A-IO 07384YEH5 IO 8.00000% 0.00 173,120.00 0.00 M-1 07384YEJ1 MEZ 6.65000% 9,087,000.00 50,357.13 0.00 M-2 07384YEK8 MEZ 6.99000% 4,544,000.00 26,468.80 0.00 B 07384YEL6 SUB 7.00000% 3,245,000.00 18,929.17 0.00 B-IO 07383GBZ8 OC 0.00000% 209.93 579,779.24 0.00 R-~~----~~I 07383GBT2 RES 0.00000% 0.00 0.00 0.00 R-~~----------~~II 07383GBV7 RES 0.00000% 0.00 0.00 0.00 R-~~---~~III 107383GBX3 4RES ~~Pooling~~0.00000% ~~and~~0.00 ~~Servicing~~0.00 50.00 ~~Agreement~~Totals 259,633,209.93 1,731,199.03 4,441,550.32

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