Filing Details

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SCHEDULE 13G

1	NAMES OF REPORTING PERSONS.
	Asheville Savings Bank, S.S.B. Employee Stock Ownership Plan Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)☐
	(b)☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	State of North Carolina
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER
			282,479
		6	SHARED VOTING POWER
			141,710
		7	SOLE DISPOSITIVE POWER
			424,189
		8	SHARED DISPOSITIVE POWER
			0
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	424,189
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	11.2% (1)
12	TYPE OF REPORTING PERSON
	EP

 

(1)	Based on 3,788,025 shares of common stock outstanding as of December 31, 2016.

 

SCHEDULE 13G

Item 1.

(a)

Name of Issuer: ASB Bancorp, Inc.

(b)

Address of Issuer’s Principal Executive Offices

11 Church Street

Asheville, North Carolina 28801

Item 2.

(a)

Name of Person(s) Filing:

Asheville Savings Bank, S.S.B. Employee Stock Ownership Plan Trust (“ESOP”)

Pentegra Trust Company, Trustee

(b)

Address of Principal Business Office:

c/o Pentegra Services, Inc.

2 Enterprise Drive, Suite 408

Shelton, CT 06484

(c)

Citizenship: See page 2, Item 4.

(d)

Title of Class of Securities:  Common Stock, par value $0.01 per share

(e)

CUSIP Number:  00213T 109

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 fund in accordance with §240.13d-1(b)(1)(ii)(F).

Item 4.

Ownership

(a)

Amount Beneficially Owned

See page 2, Item 9.

(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 to 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

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 pursuant to Rule 13d-1(c):

 

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.

 

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 08, 2017

 

 

 

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