8-K 1 bsa02ac5.txt NOVEMBER 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): November 25, 2002 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2002-AC5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-43091-15 Pooling and Servicing Agreement) (Commission 56-2302830 (State or other File Number) 56-2302979 jurisdiction 56-2302985 of Incorporation) IRS EIN 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 November 25, 2002 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset-Backed Certificates, Series 2002-AC5 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-AC5 Trust, relating to the November 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-AC5 Trust By: Wells Fargo Bank Minnesota, N. A. as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 12/4/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2002-AC5 Trust, relating to the November 25, 2002 distribution. EX-99.1

~~Item~~Bear ~~601~~Stearns ~~(a)~~Asset ofBacked ~~Sequentially~~Securities ~~Exhibit~~Mortgage ~~Regulation~~Pass-Through SCertificates Record Date: 10/31/02 Distribution Date: 11/25/02 BSA Series: 2002-KAC5 ~~Numbered~~Contact: ~~Number~~CTSLink ~~Exhibit~~Customer NoService Wells Fargo Bank Minnesota, N.A. ~~Description~~Corporate ~~Page~~Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A1 07384YFU5 SEN 2.37000% 71,474,000.00 141,161.15 218,634.23 I-A2 07384YFV3 SEN 6.13000% 0.00 365,113.02 0.00 I-X 07384YFX9 SEN 0.54645% 0.00 12,692.25 0.00 I-PO 07384YFW1 SEN 0.00000% 5,804,423.40 0.00 10,724.30 R-I 07384YGJ9 SEN 6.50000% 50.00 0.27 50.00 R-II 07384YGK6 SEN 6.50000% 50.00 0.27 50.00 R-III 07384YGL4 SEN 6.50000% 50.00 0.27 50.00 II-A1 07384YFZ4 SEN 6.00000% 80,000,000.00 400,000.00 2,066,082.88 II-A2 07384YGA8 SEN 6.50000% 2,849,850.00 15,436.69 0.00 II-A3 07384YGM2 SEN 8.50000% 49,826,086.00 352,934.78 1,286,810.29 II-A4 07384YGN0 SEN 5.62500% 57,216,000.00 268,200.00 1,760,661.96 II-A5 07384YGP5 SEN 5.62500% 10,957,914.00 51,365.22 0.00 II-X 07384YFY7 SEN 0.95903% 0.00 168,467.77 0.00 II-PO 07384YGQ3 SEN 0.00000% 130,102.19 0.00 218.09 III-A 07384YGB6 SEN 6.50000% 95,793,000.00 518,878.75 2,240,182.32 III-X 07384YGD2 SEN 1.31494% 0.00 114,936.67 0.00 III-PO 07384YGC4 SEN 0.00000% 11,328.32 0.00 13.02 B-1 07384YGF7 SUB 6.50000% 15,457,000.00 83,725.42 11,716.46 B-2 07384YGG5 SUB 6.50000% 8,243,000.00 44,649.58 6,248.22 B-3 07384YGH3 SUB 6.50000% 5,152,000.00 27,906.67 3,905.23 B-4 07384YGR1 SUB 6.91318% 3,710,000.00 21,373.26 2,812.19 B---5 07384YGS9 SUB 6.91318% 2,886,000.00 16,626.20 2,187.60 B-~~---~~6 107384YGT7 4SUB ~~Pooling~~6.91318% ~~and~~2,682,037.48 ~~Servicing~~15,451.18 52,033.57 ~~Agreement~~BX 07384YGE0 SEN 6.50000% 0.00 9,933.67 0.00 XP BSA2AC5XP SEN 0.00000% 100.00 0.00 0.00 Totals 412,192,991.39 2,628,853.09 7,612,380.36

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