Filing Details
- Accession Number:
- 0001140361-18-006351
- Form Type:
- 13G Filing
- Publication Date:
- 2018-02-09 17:03:41
- Filed By:
- Hyatt Alan J
- Company:
- Severn Bancorp Inc (NASDAQ:SVBI)
- Filing Date:
- 2018-02-09
- 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 |
|---|---|---|---|---|---|---|
| Alan J. Hyatt | 372,221 | 1,386,564 | 176,751 | 1,386,564 | 1,713,785 | 13.9 % |
| Sharon G. Hyatt | 7,738 | 1,376,564 | 7,738 | 1,376,564 | 1,384,302 | 11.3 % |
Filing
UNITED STATES
SECURITES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13G
Under the Securities Exchange Act of 1934
(Amendment No. 13 )
| SEVERN BANCORP, INC. |
| (Name of Issuer) |
| Common Stock |
| (Title of Class of Securities) |
| 81811M100 |
| (CUSIP Number) |
| December 31, 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) |
| 1 | NAME OF REPORTING PERSONS. | | | ||
| I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). | | | |||
| Alan J. Hyatt | | | |||
| | | ||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||
| (a)☐ | |||||
| (b)☒* * This Reporting Person is part of a “Control Group” as previously determined by the former Office of Thrift Supervision but does not affirm the existence of such a group. | | | |||
| 3 | SEC USE ONLY | | | ||
| | | | |||
| | | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | ||
| United States of America | | | |||
| | | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | | |
| 372,221 1 2 3 6 7 8 | | | |||
| | | ||||
| 6 | SHARED VOTING POWER | | | ||
| 1,386,564 4 5 | | | |||
| | | ||||
| 7 | SOLE DISPOSITIVE POWER | | | ||
| 176,751 1 2 6 7 8 | | | |||
| | | ||||
| 8 | SHARED DISPOSITIVE POWER | | | ||
| 1,386,564 4 5 | | | |||
| | | ||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | ||
| 1,713,785 | | | |||
| | | ||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | | ||
| None | | | |||
| | | ||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | | ||
| 13.9% 9 | | | |||
| | | ||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | | ||
| IN | | | |||
| | | ||||
1 Includes 100,019 shares owned by Alan J. Hyatt
2 Mr. Hyatt controls 23,232 shares as custodian for his children.
3 Includes 144,470 shares allocated to Mr. Hyatt as a participant in the Company’s Employee Stock Ownership Plan (“ESOP”), with respect to which Mr. Hyatt can direct the voting of such shares.
4 Includes 10,000 shares held by the ESOP, for which Mr. Hyatt is a co-trustee, which were not allocated to the accounts of participants as of December 31, 2017.
5 Includes 1,376,564 shares jointly owned by Mr. Hyatt and his wife.
6 Includes 12,500 shares of common stock issuable upon the conversion of 6,250 shares of Series A 8.0% Non-Cumulative Convertible Preferred Stock (“Series A Preferred Stock”) held by Mr. Hyatt and 6,250 shares of Series A Preferred Stock held by a company of which Mr. Hyatt is general partner.
7 Includes 41,000 shares issuable upon exercise of options exercisable within 60 days of December 31, 2017.
8 Includes 6,000 shares held by a company of which Mr. Hyatt is a general partner.
9 Based on 12,245,425 shares outstanding as of December 31, 2017 and 41,000 shares that would be outstanding upon exercise of options and 12,500 shares of common stock issuable upon the conversion of Series A Preferred Stock beneficially owned by Mr. Hyatt.
| 1 | NAME OF REPORTING PERSONS. | | | ||
| I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). | | | |||
| Sharon G. Hyatt | | | |||
| | | ||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||
| (a)☐ | |||||
| (b)☒* * This Reporting Person is part of a “Control Group” as previously determined by the former Office of Thrift Supervision but does not affirm the existence of such a group. | | | |||
| 3 | SEC USE ONLY | | | ||
| | | | |||
| | | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | ||
| United States of America | | | |||
| | | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | | |
| 7,738 | | | |||
| | | ||||
| 6 | SHARED VOTING POWER | | | ||
| 1,376,564 1 | | | |||
| | | ||||
| 7 | SOLE DISPOSITIVE POWER | | | ||
| 7,738 | | | |||
| | | ||||
| 8 | SHARED DISPOSITIVE POWER | | | ||
| 1,376,564 1 | | | |||
| | | ||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | ||
| 1,384,302 | | | |||
| | | ||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | | ||
| None | | | |||
| | | ||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | | ||
| 11.3% 2 | | | |||
| | | ||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | | ||
| IN | | | |||
| | | ||||
1 These shares are jointly owned by Sharon G. Hyatt and her husband.
2 Based on 12,245,425 shares outstanding as of December 31, 2017.
| Item 1. | (a) Severn Bancorp, Inc. |
(b) 200 Westgate Circle, Suite 200, Annapolis, Maryland 21401
| Item 2. | (a) Alan J. Hyatt and Sharon G.Hyatt. The Hyatts are husband and wife. |
(b) 200 Westgate Circle, Suite 200, Annapolis, Maryland 21401
(c) United States of America
(d) Common Stock
(e) 81811M100
| 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: Not Applicable |
| Item 4. | Ownership |
| By Alan J. Hyatt (a) 1,713,785 (b) 13.9% (c) (i) 327,221 (ii) 1,386,564 (iii) 176,751 (iv) 1,386,564 For more information, see the responses to 5, 6, 7, 8, 9, and 11 on page 2. | By Sharon G. Hyatt (a) 1,384,302 (b) 11.3% (c) (i) 7,738 (ii) 1,376,564 (iii) 7,738 (iv) 1,376,564 For more information, see the responses to 5, 6, 7, 8, 9, and 11 on page 3. | |
| 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. |
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 |
Not Applicable
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 9, 2018 | ||
| Date | ||
| /s/ Alan J. Hyatt | ||
| Alan J. Hyatt | ||
| /s/ Sharon G. Hyatt | ||
| Sharon G. Hyatt | ||
Exhibit A
AGREEMENT RELATING TO JOINT FILING OF SCHEDULE 13G
The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Common Stock of Severn Bancorp, Inc. shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an Exhibit to such Schedule 13G.
This Agreement and the filing of the Schedule 13G shall not be construed to be an admission that any of the undersigned is a member of a "group" consisting of one or more of such persons pursuant to Section 13(g) of the Securities Exchange Act of 1934, as amended and the rules thereunder.
| Dated: | February 9, 2018 | /s/ Alan J. Hyatt | |
| Alan J. Hyatt | |||
| /s/ Sharon G. Hyatt | |||
| Sharon G. Hyatt |