Amended Statement of Ownership (sc 13g/a)
February 14 2017 - 2:04PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
Under the
Securities Exchange Act of 1934
(Amendment
No. 3)*
Atlantic
Coast Financial Corporation
|
(Name of Issuer)
|
|
Common Stock
|
(Title of Class of Securities)
|
|
048426100
|
(CUSIP Number)
|
|
December 31, 2016
|
(Date of Event Which Requires Filing of this Statement)
|
Check the appropriate box to designate the
rule pursuant to which this Schedule is filed:
* 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
(“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. 048426100
|
13G
|
Page 2 of 6 Pages
|
1
|
NAMES OF REPORTING PERSONS TFO
USA Limited
|
2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
(a)
¨
(b)
¨
|
3
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SEC USE ONLY
|
4
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CITIZENSHIP OR PLACE OF ORGANIZATION
|
Delaware
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NUMBER OF
SHARES
BENEFICIALLY OWNED BY EACH
REPORTING
PERSON WITH
|
5
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SOLE VOTING POWER
|
1,012,238
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6
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SHARED VOTING POWER
|
|
7
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SOLE DISPOSITIVE POWER
|
1,012,238
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8
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SHARED DISPOSITIVE POWER
|
|
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
1,012,238
|
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
|
¨
|
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
6.53%
|
12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
IA
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CUSIP No. 048426100
|
13G
|
Page 3 of 6 Pages
|
|
Item 1(a).
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Name of Issuer:
Atlantic Coast Financial Corporation
|
|
Item 1(b).
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Address of Issuer’s Principal Executive Offices:
|
4655 Salisbury Road, Suite 110
Jacksonville, FL 32256
|
Item 2(a).
|
Names of Persons Filing:
TFO
USA Limited
|
|
Item 2(b).
|
Address of Principal Office or, if none, Residence:
|
555 5th Avenue, 6th Floor
New York, NY 10017
Delaware
|
Item 2(d).
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Title of Class of Securities:
|
Common Stock
048426100
|
Item 3.
*
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If This Statement Is Filed Pursuant to Sections
240.13d 1(b) or 240.13d 2(b) or (c), Check whether the person filing is a:
|
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(a)
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¨
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Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
|
|
|
|
|
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(b)
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¨
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Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
|
|
|
|
|
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(c)
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¨
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Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
|
|
|
|
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(d)
|
¨
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Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
|
|
|
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(e)
|
x
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An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E);
|
|
|
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(f)
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¨
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An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F);
|
|
|
|
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(g)
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¨
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A Parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G);
|
|
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|
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(h)
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¨
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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CUSIP No. 048426100
|
13G
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Page 4 of 6 Pages
|
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(i)
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¨
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A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
|
|
|
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(j)
|
¨
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A non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J);
|
|
|
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(k)
|
¨
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Group, in accordance with Section 240.13d-1(b)(1)(ii)(K).
|
If filing as a non-U.S. institution in accordance with
Section 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________________________ .
|
(a)
|
Amount beneficially owned:
1,012,238
|
|
(b)
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Percent of class: 6.53%
|
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(c)
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Number of shares as to which the person has:
|
|
(i)
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Sole power to vote or to direct the vote:
1,012,238
|
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(ii)
|
Shared power to vote or to direct the vote:
|
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(iii)
|
Sole power to dispose or to direct the disposition of:
1,012,238
|
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(iv)
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Shared power to dispose or to direct the disposition of:
|
|
Item 5.
|
Ownership of Five 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 five percent of the class of securities,
check the following
¨
.
|
Item 6.
|
Ownership of More Than Five Percent on Behalf of Another
Person.
|
TFO USA Limited or its affiliate, in its
capacity as the investment adviser to one or more clients, has the power to direct the investment activities thereof.
|
Item 7.
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Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on by the Parent Holding Company.
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Not Applicable
|
Item 8.
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Identification and Classification of Members of the
Group.
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Not Applicable
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Item 9.
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Notice of Dissolution of Group.
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Not Applicable
CUSIP No. 048426100
|
13G
|
Page 5 of 6 Pages
|
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.
CUSIP No. 048426100
|
13G
|
Page 6 of 6 Pages
|
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.
Dated: February 14, 2017
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TFO USA LIMITED
|
|
|
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By:
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/s/ Abdulmohsin Al Omran
|
|
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Name:
|
Abdulmohsin Al Omran
|
|
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Title:
|
President
|
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