- Amended Statement of Ownership (SC 13G/A)
February 16 2010 - 9:01AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
SCHEDULE
13G
Under the
Securities Exchange Act of 1934
(Amendment
No. 10)
Bancorp
Rhode Island, Inc.
(Name of
Issuer)
Common
Stock, $0.01 par value per share
(Title of
Class of Securities)
059690
10 7
(CUSIP
Number)
December
31,
2009
(Date Of
Event Which Requires Filing of this Statement)
Check the appropriate
box to designate the rule pursuant to which this Schedule is
filed:
o
Rule
13d-1(b)
o
Rule
13d-1(c)
x
Rule
13d-1(d)
|
*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.
|
|
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).
|
(A fee is
not being paid with this statement.)
CUSIP
No. 059690 10
7
13G
(Amendment No. 10)
Page 2of 6
Pages
1
|
Names
of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities
Only)
Malcolm
G. Chace
|
2
|
Check
the Appropriate Box if a Member of a
Group
(a)
o
(
See
Instructions)
(b)
o
Not
Applicable
|
3
|
SEC
Use Only
|
4
|
Citizenship
or Place of Organization
United
States of America
|
Number
of
Shares
Beneficially
Owned
by
Each
Reporting
Person
With
|
5
|
Sole
Voting Power
54,949*
|
6
|
Shared
Voting Power
526,327
|
7
|
Sole
Dispositive Power
54,949*
|
8
|
Shared
Dispositive Power
526,327
|
9
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
581,276
|
10
|
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares
o
(
See
Instructions)
|
11
|
Percent
of Class Represented by Amount in Row (9)
12.6%
(based on 4,600,744 shares outstanding and assumes conversion of all
exercisable options).
|
12
|
Type
of Reporting Person (
See
Instructions)
IN
|
_______________________
*Includes
11,000 shares held by trusts of which the Reporting Person is sole trustee and
1,000 shares which can be acquired pursuant to currently exercisable
options.
CUSIP
No. 059690 10
7
13G
(Amendment No. 10)
Page 3of 6
Pages
Item
1.
Item
1(a).
Name
of Issuer
.
Bancorp
Rhode Island, Inc.
Item
1(b).
Address
of Issuer's Principal Executive Offices
.
One
Turks Head Place
Providence,
RI 02903
Item
2.
2(a).
Name
of Person Filing
.
Malcolm
G. Chace
2(b).
Address
or Principal Business Office or, if none, Residence
.
c/o
Point Gammon Corporation
One
Providence Washington Plaza, 4
th
Floor
Providence,
Rhode Island 02903
2(c).
Citizenship
.
United
States
2(d).
Title
of Class of Securities
.
Common
Stock, par value $0.01 per share
2(e).
CUSIP
Number
.
059690
10 7
Item
3.
Not
Applicable
Item
4.
Ownership
.
Provide
the following information regarding the aggregate number and percentage of the
class of securities of the issuer identified in Item 1.
CUSIP
No. 059690 10
7
13G
(Amendment No. 10)
Page 4 of 6
Pages
a.
Amount
Beneficially Owned
.
The
reporting person beneficially owns: 581,276 shares of Common Stock, (i) 42,949
shares of which are held in a Grantor Trust over which Mr. Chace has sole voting
power and sole power to direct the disposition, (ii) 11,000 shares of which are
held in trust for which Mr. Chace acts as sole trustee and over which Mr. Chace
has sole voting power and sole power to direct the disposition, (iii) 106,473
shares of which are held in trusts for which Mr. Chace acts as co-trustee and
over which Mr. Chace shares voting power and the power to direct the
disposition, (iv) 405,354 shares of which are held in trusts for which an
immediate family member of Mr. Chace acts as a trustee and over which Mr. Chace
is deemed to share voting power and the power to direct the disposition, (v)
10,000 shares are held by a non-profit corporation of which Mr. Chace is
President, (vi) 4,500 shares of which are owned by Mr. Chace’s spouse and (vii)
1,000 shares that may be acquired upon exercise of options. Mr. Chace
expressly disclaims any economic or beneficial interest in 25,275 of the shares
held by certain trusts referenced in clause (ii) and (iii) and the 10,000 shares
held by a non-profit corporation referenced in clause (v) with respect to which
Mr. Chace has voting power but no pecuniary interest.
b.
Percent
of class
.
12.6%
(based upon 4,613,123 shares outstanding and assumed conversion of all
exercisable options held by the reporting person).
c. Number
of shares as to which such person has:
i.
|
sole
power to vote or to direct the vote
……………………………….....54,949*
|
ii.
|
shared
power to vote or to direct the
vote………………………………..526,327
|
iii.
|
sole
power to vote or to direct the vote
……………………………….....54,949*
|
iv.
|
shared
power to vote or to direct the
vote………………………………..526,327
|
Item 5.
Ownership
of Five Percent or Less of a Class
.
Not
Applicable
Item 6.
Ownership
of More Than Five Percent on Behalf of Another Person
.
Not
Applicable
Item 7.
Identification
and Classification of the Subsidiary Which Acquired the Security
Being
Reported
on by the Parent Holding Company or Control Person
.
Not
Applicable
CUSIP
No. 059690 10
7
13G
(Amendment No. 10)
Page 5 of 6
Pages
_____________________
*
Includes 11,000 shares held by trusts of which the Reporting Person is sole
trustee and 1,000 shares which can be acquired pursuant to currently exercisable
options.
CUSIP
No. 059690 10
7
13G
(Amendment No. 10)
Page 6 of 6
Pages
Item 8.
Identification
and Classification of Members of the Group
.
Not
Applicable
Item 9.
Notice
of Dissolution of Group
.
Not
Applicable
Item 10.
Certifications
.
Not
Applicable
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
1,
2010
/s/
Malcolm G.
Chace
Name/Title
Malcolm
G. Chace
Bancorp Rhode Island, Inc. (MM) (NASDAQ:BARI)
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