Amended Statement of Ownership (sc 13g/a)
February 09 2018 - 5:29PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT
TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS
THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 3)
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FIRST UNITED CORPORATION
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
33741H107
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(CUSIP Number)
December 31, 2017
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(Date of Event Which Requires Filing of This
Statement)
Check the appropriate box to designate the rule
pursuant to which this Schedule is filed:
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*
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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.
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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 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
).
(Continued on following pages)
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CUSIP NO. 33741H107
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13G
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Page 2 of 9 Pages
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1
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NAMES
OF REPORTING PERSONS
M3 FUNDS, LLC
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
(b) [ ]
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3
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SEC
USE ONLY
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
STATE OF DELAWARE, UNITED STATES OF AMERICA
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NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE
VOTING POWER
N/A
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6
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SHARED
VOTING POWER
700,158 shares of Common Stock
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7
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SOLE
DISPOSITIVE POWER
N/A
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8
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SHARED
DISPOSITIVE POWER
700,158 shares of Common Stock
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9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
700,158 shares of Common Stock
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10
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
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[ ]
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11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.91% of the outstanding shares of Common Stock
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12
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TYPE
OF REPORTING PERSON
OO (Limited Liability Company)
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CUSIP NO. 33741H107
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13G
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Page 3 of 9 Pages
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1
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NAMES
OF REPORTING PERSONS
M3 PARTNERS, LP
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [
]
(b) [ ]
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3
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SEC
USE ONLY
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
STATE OF DELAWARE, UNITED STATES OF AMERICA
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NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE
VOTING POWER
N/A
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6
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SHARED
VOTING POWER
700,158 shares of Common Stock
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7
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SOLE
DISPOSITIVE POWER
N/A
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8
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SHARED
DISPOSITIVE POWER
700,158 shares of Common Stock
|
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9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
700,158 shares of Common Stock
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|
|
10
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
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[ ]
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11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.91% of the outstanding shares of Common Stock
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12
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TYPE
OF REPORTING PERSON
PN (Limited Partnership)
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CUSIP NO. 33741H107
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13G
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Page 4 of 9 Pages
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1
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NAMES
OF REPORTING PERSONS
M3F, INC.
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [
]
(b) [ ]
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3
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SEC
USE ONLY
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
STATE OF UTAH, UNITED STATES OF AMERICA
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NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE
VOTING POWER
N/A
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6
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SHARED
VOTING POWER
700,158 shares of Common Stock
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7
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SOLE
DISPOSITIVE POWER
N/A
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8
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SHARED
DISPOSITIVE POWER
700,158 shares of Common Stock
|
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9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
700,158 shares of Common Stock
|
|
|
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
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[ ]
|
|
11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.91% of the outstanding shares of Common Stock
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12
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TYPE
OF REPORTING PERSON
CO, IA
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CUSIP NO. 33741H107
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13G
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Page 5 of 9 Pages
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1
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NAMES
OF REPORTING PERSONS
Jason A. Stock
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
(b)
[ ]
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3
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SEC
USE ONLY
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE
VOTING POWER
N/A
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6
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SHARED
VOTING POWER
700,158 shares of Common Stock
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7
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SOLE
DISPOSITIVE POWER
N/A
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8
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SHARED
DISPOSITIVE POWER
700,158 shares of Common Stock
|
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9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
700,158 shares of Common Stock
|
|
|
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
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[ ]
|
|
11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.91% of the outstanding Common Stock
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12
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TYPE
OF REPORTING PERSON
IN
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CUSIP NO. 33741H107
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13G
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Page 6 of 9 Pages
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1
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NAMES
OF REPORTING PERSONS
William C. Waller
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
(b) [ ]
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3
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SEC
USE ONLY
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
|
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|
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
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SOLE
VOTING POWER
N/A
|
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6
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SHARED
VOTING POWER
700,158 shares of Common Stock
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7
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SOLE
DISPOSITIVE POWER
N/A
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8
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SHARED
DISPOSITIVE POWER
700,158 shares of Common Stock
|
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9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
700,158 shares of Common Stock
|
|
|
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
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[ ]
|
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11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.91% of the outstanding Common Stock
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12
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TYPE
OF REPORTING PERSON
IN
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Item 1.
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(a)
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Name of Issuer:
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First United Corporation (the “Issuer”)
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(b)
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Address of Issuer’s Principal Executive Offices:
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19 South Second Street
Oakland, MD 21550
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Item 2.
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(a)
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Name of Persons Filing:
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M3 Funds, LLC
M3 Partners, LP
M3F, Inc.
Jason A. Stock
William C. Waller
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(b)
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Address of Principal Business Office or, if None,
Residence:
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For all persons filing:
10 Exchange Place, Suite 510
Salt Lake City, UT 84111
M3 Funds, LLC is a Delaware limited liability
company
M3 Partners, LP is a Delaware limited partnership
M3F, Inc. is a Utah corporation
Mr. Stock and Mr. Waller are United States citizens
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(d)
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Title of Class of Securities:
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Common Stock
33741H107
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Item 3.
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If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the
Person Filing is a:
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Not applicable. Filed pursuant to Rule 13d-1(c).
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M3 Funds,
LLC
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M3
Partners,
LP
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M3F,
Inc.
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Jason
A.
Stock
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William
C.
Waller
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(a)
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Amount Beneficially Owned:
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700,158
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700,158
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700,158
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700,158
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700,158
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(b)
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Percent of Class:
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9.91%
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9.91%
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9.91%
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9.91%
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9.91%
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(c)
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Number of
Shares to Which Reporting Person Has:
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(i)
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Sole Voting Power:
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N/A
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N/A
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N/A
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N/A
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N/A
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(ii)
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Shared Voting Power:
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700,158
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700,158
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700,158
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700,158
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700,158
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(iii)
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Sole Dispositive Power:
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N/A
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N/A
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N/A
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N/A
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N/A
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(iv)
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Shared Dispositive Power:
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700,158
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700,158
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700,158
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700,158
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700,158
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The reported shares are the Issuer’s
common stock.
All of the reported shares are owned
directly by M3 Partners, L.P. (“M3 Partners”), whose general partner is M3 Funds, LLC (the “General Partner”)
and whose investment adviser is M3F, Inc. (the “Investment Adviser”). The General Partner and the Investment Adviser
could each be deemed to be indirect beneficial owners of the reported shares, and could be deemed to share such beneficial ownership
with M3 Partners.
Jason A. Stock and
William C. Waller are the managers of the General Partner and the managing directors of the Investment Adviser, and could be deemed
to share such indirect beneficial ownership with the General Partner, the Investment Adviser and M3 Partners.
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Item 5.
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Ownership of Five Percent or Less of a Class.
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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 [ ].
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Item 6.
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Ownership of More than Five Percent on Behalf of Another
Person.
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Not applicable.
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Item 7.
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Identification and Classification of the Subsidiary That Acquired the Security Being Reported
on by the Parent Holding Company or Control Person.
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Not applicable.
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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.
By signing below, each of the undersigned
certifies that, to the best of his or its knowledge and belief, the securities referred to above 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.
Signature
After
reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies
that the information set forth in this Statement is true, complete and correct.
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Date:
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February 9, 2018
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M3 PARTNERS, LP
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By:
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M3 Funds, LLC, General Partner
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By:
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/s/ Jason A. Stock
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Name:
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Jason A. Stock
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Title:
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Manager
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Date:
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February 9, 2018
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M3 FUNDS, LLC
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By:
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/s/ Jason A. Stock
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Name:
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Jason A. Stock
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Title:
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Manager
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Date:
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February 9, 2018
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M3F, INC.
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By:
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/s/ Jason A. Stock
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Name:
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Jason A. Stock
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Title:
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Managing Director
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Date:
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February 9, 2018
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/s/ Jason A. Stock
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Jason A. Stock
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Date:
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February 9, 2018
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/s/ William C. Waller
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William C. Waller
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