Filing Details

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. __)¹

 

 

 

Ottawa Bancorp, Inc.

(Name of Issuer)

 

Common Stock, par value $0.01 per share

(Title of Class of Securities)

 

689195 105

(CUSIP Number)

 

December 31, 2016

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

☒     Rule 13d-1(b)

 

☐     Rule 13d-1(c)

 

☐     Rule 13d-1(d)

 

 

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¹ 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).

 

 

 

Page 1 of 5 pages

 

 

 

CUSIP NO. 689195 105

13G

Page 2 of 5 Pages

 

 

1	NAMES OF REPORTING PERSONS:   Ottawa Savings Bank Employee Stock Ownership Plan Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)     (a) ☐     (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION State of Illinois
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER               196,196
		6	SHARED VOTING POWER         64,463
		7	SOLE DISPOSITIVE POWER     260,659
		8	SHARED DISPOSITIVE POWER     0
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    260,659
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9    7.5% (1)
12	TYPE OF REPORTING PERSON    EP

 

(1)

Based on 3,456,111 shares outstanding as of December 31, 2016.

 

 

 

Page 3 of 5 Pages

 

Securities and Exchange Commission

Washington, DC 20549

 

SCHEDULE 13G

 

Item 1     (a).     Name of Issuer: OttawaBancorp, Inc.

 

(b).     Address of Issuer’s Principal Executive Offices:

 

925 LaSalle Street, Ottawa, Illinois 61350

 

Item 2 (a).     Name of Person Filing:

 

Ottawa Savings Bank Employee Stock Ownership Plan Trust

 

Trustee:

First Trust of MidAmerica, services provided by

Community Bank of Pleasant Hill

Midwest Federal Building

1901 Frederick Street, Suite 100

St. Joseph, Missouri 64501

 

(b).     Address of Principal Business Office:

 

925 LaSalle Street, Ottawa, Illinois 61350

 

(c).     Citizenship: See page 2, Item 4

 

(d).     Title of Class of Securities: Common Stock, par value $0.01 per share.

 

(e).     CUSIP Number: 689195 105

 

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:

 

(f)     ☒     An employee benefit plan or endowment fundin accordance with §240.13d-1(b)(1)(ii)(F).

 

Item 4.          Ownership.

 

(a).

Amount Beneficially Owned:

 

See page 2, Item 9.

 

 

Page 4 of 5 Pages

 

(b).

Percent of Class:

 

See page 2, Item 11

 

(c).

Number of Shares as to Which the Person Has:

 

(i)

Sole power to vote or to direct the vote: See page 2, Item 5

 

(ii)

Shared power to vote or to direct the vote: See page 2, Item 6

 

(iii)

Sole power to dispose or to direct the disposition of: See page 2, Item 7

 

(iv)

Shared power to dispose or to direct the disposition of: See page 2, Item 8

 

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: ☐

 

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.

 

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 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 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, other than activities solely in connection with a nomination under §240.14a-11.

 

  

Page 5 of 5 Pages

 

 

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, 2017

Date

 

First Trust of MidAmerica, services provided by Community Bank of Pleasant Hill, as Trustee

 

 

By: /s/ Gerald R. Lau                    

Signature

 

 

Gerald R. Lau, Senior Vice President

First Trust of MidAmerica,

services provided by Community Bank of Pleasant Hill, as Trustee

Name/Title