Filing Details
- Accession Number:
- 0001079557-17-000007
- Form Type:
- 13G Filing
- Publication Date:
- 2017-06-12 12:25:19
- Filed By:
- Guaranty Bancshares Inc Employee Stock Ownership Plan
- Company:
- Guaranty Bancshares Inc
- Filing Date:
- 2017-06-12
- 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 |
|---|---|---|---|---|---|---|
| Guaranty Bancshares, Inc. Employee Stock Ownership Plan with 401K Provisions | 37,229 | 1,281,996 | 1,319,225 | 0 | 1,319,225 | 11.9% |
Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Guaranty Bancshares, Inc. | ||
(Name of Issuer) | ||
Common Stock, par value $1.00 per share | ||
(Title of Class of Securities) | ||
400764106 | ||
(CUSIP Number) | ||
May 5, 2017 | ||
(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) |
* 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).
50128.0004 73929v2
CUSIP No. 400764106 | |||
1 | NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Guaranty Bancshares, Inc. Employee Stock Ownership Plan with 401K Provisions | ||
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 Texas | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 37,229(1) | |
6 | SHARED VOTING POWER 1,281,996(2) | ||
7 | SOLE DISPOSITIVE POWER 1,319,225 | ||
8 | SHARED DISPOSITIVE POWER 0 | ||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,319,225 | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨ | ||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 [11.9%](3) | ||
12 | TYPE OF REPORTING PERSON EP | ||
(1) | Consists of unallocated shares held by the Guaranty Bancshares, Inc. Employee Stock Ownership Plan with 401K Provisions (the “KSOP”). The unallocated shares held by the KSOP are voted in the discretion of the KSOP trustee. The KSOP Committee of the Board of Directors of Guaranty Bancshares, Inc. currently serves as trustee of the KSOP. |
(2) | Consists of shares allocated to the accounts of KSOP participants. These allocated shares are voted in accordance with the written instructions of the individual KSOP participants on all matters requiring the vote of shareholders of Guaranty Bancshares, Inc. |
(3) | Based on 11,053,933 shares outstanding as of June 9, 2017. |
Item 1(a). Name of Issuer:
Guaranty Bancshares, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
201 South Jefferson Avenue
Mount Pleasant, Texas 75455
Item 2(a). Name of Person Filing.
Guaranty Bancshares, Inc. Employee Stock Ownership Plan with 401K Provisions
Item 2(b). Address of Principal Business Office or, if None, Residence.
Same as Item 1(b).
Item 2(c). Citizenship or Place of Organization.
State of Texas
Item 2(d). Title of Class of Securities:
Common Stock, par value $1.00 per share
Item 2(e). CUSIP Number:
400764106
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. |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1:
(a) Amount beneficially owned: 1,319,225 shares of Common Stock
(b) Percent of Class: 11.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 37,229
(ii) shared power to vote or direct the vote: 1,281,996
(iii) sole power to dispose or direct the disposition of: 1,319,225
(iv) shared power to dispose or direct the disposition of: 0
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.
Upon distribution, the participants in the KSOP have the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, the shares of common stock of Guaranty Bancshares, Inc. that were allocated to their accounts in the KSOP.
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 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.
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: June 12, 2017
GUARANTY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN
WITH 401K PROVISIONS
WITH 401K PROVISIONS
By: Guaranty Bancshares, Inc. KSOP Committee of the Board of Directors, Trustee
/s/ Carl Johnson, Jr.
Carl Johnson, Jr., Chairman