Filing Details
- Accession Number:
- 0001140361-19-002701
- Form Type:
- 13G Filing
- Publication Date:
- 2019-02-08 09:35:43
- Filed By:
- Dime Community Bank Ksop
- Company:
- Dime Community Bancshares Inc (NASDAQ:DCOM)
- Filing Date:
- 2019-02-08
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| (Voluntary) Dime Community Bank KSOP | 0 | 0 | 0 | 2,465,426 | 2,465,426 | 6.8% |
Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
| Dime Community Bancshares, Inc. |
| (Name of Issuer) |
| Common Stock, par value $.01 per share |
| (Title of Class of Securities) |
| 253922-10-8 |
| (CUSIP Number) |
| N/A | ||
| Date of Event which Requires Filing of this Statement |
Check the appropriate box to designate the rule pursuant to which the Schedule is filed:
| ☒ | Rule 13d-1(b) |
| ☐ | Rule 13d-1(c) |
| ☐ | 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 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 (“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. 253922-10-8 | 13G | Page 2 of 5 Pages |
| 1 | NAME OF REPORTING PERSON | | | ||
| SS. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Voluntary) | | | |||
| Dime Community Bank KSOP | | | |||
| | | ||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | ||||
| (a)☐ | |||||
| (b)☐ | | | |||
| 3 | SEC USE ONLY | | | ||
| | | | |||
| | | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | ||
| Delaware Corporation’s employee benefit plan organized in New York | | | |||
| | | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | | |
| 0 | | | |||
| | | ||||
| 6 | SHARED VOTING POWER | | | ||
| 0 | | | |||
| | | ||||
| 7 | SOLE DISPOSITIVE POWER | | | ||
| 0 | | | |||
| | | ||||
| 8 | SHARED DISPOSITIVE POWER | | | ||
| 2,465,426 | | | |||
| | | ||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | ||
| 2,465,426 | | | |||
| | | ||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | | | ||
| ☐ | | | |||
| | | ||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | | ||
| 6.8% of 36,081,455 shares of Common Stock outstanding as of December 31, 2018. | | | |||
| | | ||||
| 12 | TYPE OF REPORTING PERSON* | | | ||
| EP | | | |||
| | | ||||
Page 3 of 5 Pages
| Item 1(a) | ||
| Name of Issuer: | Dime Community Bancshares, Inc. (“Company”) | |
| Item 1(b) | ||
| Address of Issuer’s Principal Executive Office: | 300 Cadman Plaza West, 8th Floor | |
| | Brooklyn, NY 11201 | |
| Item 2(a) | ||
| Name of Person Filing: | Dime Community Bank KSOP | |
| Trustee: | Pentegra Asset Management |
| Item 2(b) | ||
| Address of Principal Business Office: | KSOP: | Trustee: |
| 300 Cadman Plaza West, 8th Floor | 2 Enterprise Drive, Suite 408 | |
| Brooklyn, NY 11201 | Shelton, CT 06484 | |
| Item 2(c) | ||
| Citizenship: | U.S.A. | |
| Item 2(d) | ||
| Title of Class of Securities: | Common Stock, par value $.01 per share (“Common Stock”) | |
| Item 2(e) | ||
| CUSIP Number: | 253922-10-8 | |
| Item 3 | ||
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
| (a) | ☐ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). | |
| (b) | ☐ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). | |
| (c) | ☐ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). | |
| (d) | ☐ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). | |
| (e) | ☐ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | |
| (f) | ☒ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | |
| (g) | ☐ | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); | |
| (h) | ☐ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) | ☐ | 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); | |
| (j) | ☐ | Group, in accordance with §240.13d-1(b)(1)(ii)(J). |
Page 4 of 5 Pages
Item 4
Ownership:
The following information with respect to the Plan’s ownership of Common Stock is provided as of December 31, 2018. None of the shares set forth below
constitute shares the beneficial ownership of which the Plan had the right to acquire within 60 days following such date.
| (a) | Amount Beneficially Owned | 2,465,426 | |
| (b) | Percent of Class | 6.8% | |
| (c) | Number of shares as to which such person has: | ||
| (i) | sole power to vote or to direct the vote | 0 | |
| (ii) | shared power to vote or to direct the vote | 0 | |
| (iii) | sole power to dispose or to direct disposition of | 0 | |
| (iv) | shared power to dispose or to direct disposition of | 2,465,426 | |
The reporting person is an single-employer defined contribution plan under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) with
individual accounts for the accrued benefits of participating employees and their beneficiaries. The reporting person is administered by an Employee Benefits Committee (“Benefits Committee”) and its assets are held in trust by a trustee (“Plan
Trustee”). The number of shares listed as beneficially owned represents the entire number of shares of Common Stock held by Pentegra Asset Management as Plan Trustee, as of December 31, 2018. The Committee has the power and authority to direct
the Trustee of the KSOP Plan with respect to the investment of the Common Stock in the absence of a tender offer, but has no voting power with respect to any shares.
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:
Dividends on Common Stock allocated to the accounts of participating employees and their beneficiaries, to the extent paid in the form of additional
securities, are added to their respective individual accounts. Dividends on Common Stock allocated to the accounts of participating employees and their beneficiaries, to the extent paid in cash, are, at the direction of the Company, either (i)
credited to the respective individual accounts or (ii) distributed to the participating employees and their beneficiaries. Under the KSOP Plan, cash dividends on common stock allocated to the accounts of participating employees and beneficiaries
are added to their respective individual accounts.
Item 7
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:
Not applicable
Item 8
Identification and Classification of Members of the Group:
Not applicable
Page 5 of 5 Pages
Item 9
Notice of Dissolution of Group
Not applicable
Item 10
Certification:
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 such securities, and were not acquired and are not held in connection with or as a participant in any
transaction having such purposes or effect.
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.
February 8, 2019
(Date)
Employee Stock Ownership Plan of Dime Community Bancshares, Inc. and Certain Affiliates
| By: | /s/ ANGELA K. FINLAY | |
| Angela K. Finlay – Plan Administrator |