Filing Details

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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.

SCHEDULE 13G

 

 

SCHEDULE 13G

 

 

SCHEDULE 13G

Item 1(a).     Name of Issuer:

  Shore Bancshares, Inc.

Item 1(b).     Address of Issuer's Principal Executive Offices:

                              28969 Information Lane, Easton, Maryland 21601

Item 2(a).     Name of Person Filing:

This statement is being filed by (i) Maltese Capital Management LLC, a New York limited liability company ("MCM") and (ii) Terry Maltese, Managing Member of MCM, with respect to shares of Common Stock that each of the foregoing may be deemed to have a beneficial ownership. The foregoing persons are hereinafter sometimes referred to collectively as the "Reporting Persons".

Item 2(b).     Address of Principal Business Office:

The address of the principal offices of MCM and the business address of Mr. Maltese is Maltese Capital Management LLC, 150 East 52^nd Street, 30^th Floor, New York, New York 10022.

Item 2(c).     Citizenship:

Mr. Maltese is a U.S. Citizen.

Item 2(d).     Title of Class of Securities:

                             Common Stock

Item 2(e).     CUSIP Number:

825107105

SCHEDULE 13G

Item 4.   Ownership.

 (a) and (b)  Based upon an aggregate of 12,664,797 shares of Common Stock outstanding, as determined by the Issuer's most recently available 10Q filing, as of the close of business on October 31, 2016:

(c) Number of shares as to which such person has:

(i) Sole power to vote or to direct the vote:

No Reporting Person has sole power to vote or to direct the vote over the shares held by such Reporting Person.

(ii) Shared power to vote or to direct the vote:

(iii)

Sole power to dispose or to direct the disposition of:

No Reporting Person has sole power to dispose or to direct the disposition over the shares held by such Reporting Person.

(iv) Shared power to dispose or to direct the disposition of:

              MCM:   76,200 MR. MALTESE:  76,200

Each of the Reporting Persons hereby disclaims any beneficial ownership of any Shares in excess of their actual beneficial ownership thereof.

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: [X].

Item 6.     Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

SCHEDULE 13G

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.

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 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.

Exhibits:  [Exhibit I:  Joint Acquisition Statement, dated as of February 7, 2017.]

SIGNATURES

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 7, 2017