13D Filing: Seidman Investment Partnership and Coastway Bancorp Inc. (CWAY)

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The following constitutes Amendment No. 1 to the Schedule 13D filed by the undersigned (the “Amendment No. 1″).  This Amendment No. 1 amends the Schedule 13D as specifically set forth.
Item 3.
Source and Amount of Funds or Other Consideration.
The Shares purchased by the Reporting Persons were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases (unless otherwise noted), as set forth in Schedule B, which is incorporated by reference herein.  The aggregate purchase cost of the 203,151 Shares beneficially owned in the aggregate by the Reporting Persons is approximately $3,727,755, including brokerage commissions.
Item 5.
Interest in Securities of the Issuer.
The aggregate percentage of Shares reported owned by each Reporting Person is based upon 4,386,351 Shares outstanding, which is the total number of Shares outstanding as of March 1, 2018, as reported in the Issuer’s 10-K filed with the Securities and Exchange Commission on March 12, 2018.  On March 15, 2018, the Reporting Persons sold 22,034 shares, reducing the Reporting Persons interest in the securities of the Issuer to below 5%, and therefore the Reporting Persons are not required to file additional Schedule 13D amendments.
A.
SAL
(a)
As of the close of business on March 15, 2018, SAL beneficially owned 38,889 Shares.
       Percentage: Approximately 0.89%.
(b)
1. Sole power to vote or direct the vote: 38,889
2. Shared power to vote or direct the vote: 0
3. Sole power to dispose or direct the disposition: 38,889
4. Shared power to dispose or direct the disposition: 0
(c)
The transaction in the Shares by SAL during the past 60 days is set forth in Schedule B and is incorporated herein by reference.
B.
SIP
(a)
As of the close of business on March 15, 2018, SIP beneficially owned 33,807 Shares.
                               Percentage: Approximately 0.77%.
(b)
1. Sole power to vote or direct the vote: 33,807
2. Shared power to vote or direct the vote: 0
3. Sole power to dispose or direct the disposition: 33,807
4. Shared power to dispose or direct the disposition: 0
(c)
The transaction in the Shares by SIP during the past 60 days is set forth in Schedule B and is incorporated herein by reference.

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