0001144204-16-077167.txt : 20160127 0001144204-16-077167.hdr.sgml : 20160127 20160127124705 ACCESSION NUMBER: 0001144204-16-077167 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160127 DATE AS OF CHANGE: 20160127 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ROYAL BANCSHARES OF PENNSYLVANIA INC CENTRAL INDEX KEY: 0000922487 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 231627866 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48408 FILM NUMBER: 161363958 BUSINESS ADDRESS: STREET 1: 732 MONTGOMERY AVE CITY: NARBERTH STATE: PA ZIP: 19072 BUSINESS PHONE: 6106684700 MAIL ADDRESS: STREET 1: 732 MONGTOMERY AVENUE CITY: NARBERTH STATE: PA ZIP: 19072 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EMERALD ADVISERS INC/PA CENTRAL INDEX KEY: 0001015083 IRS NUMBER: 000000000 STATE OF INCORPORATION: PA FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 3175 OREGON PIKE CITY: LEOLA STATE: PA ZIP: 17540 BUSINESS PHONE: 717-556-8900 MAIL ADDRESS: STREET 1: 3175 OREGON PIKE CITY: LEOLA STATE: PA ZIP: 17540 SC 13G/A 1 v429799_sc13ga.htm SC 13G/A

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

Royal Bancshares of Pennsylvania Inc

(Name of Issuer)

 

Common Stock, Par Value $5.00

(Title of Class of Securities)

 

780081105

(CUSIP Number)

 

December 31, 2015

(Date of Event Which Requires Filing of this Statement)

 

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

 

xRule 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 disclosures provided in a prior cover page.

 

The information required on 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).

 

 

 

 

SCHEDULE 13G

 

CUSIP No.  69912T108   Page   2   of   4   Pages

 

1  

NAME OF REPORTING PERSON

SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Emerald Advisers, Inc.

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

 

Pennsylvania

 

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

 5

SOLE VOTING POWER

 

481,505 shares

6

SHARED VOTING POWER

 

0 shares

7

SOLE DISPOSITIVE POWER

 

1,678,379 shares

8

SHARED DISPOSITIVE POWER

 

0 shares

9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,678,379 shares

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

5.95%

12  

TYPE OF REPORTING PERSON (See Instructions)

 

IA

 

 2 
 

 

Schedule 13G Page 3 of 4

 

Item 1.

 

(a)The name of the issuer is Royal Bancshares of Pennsylvania Inc.

 

(b)The address of the issuer’s principal executive office is 732 Montgomery Avenue, Narberth, Pennsylvania 19072.

 

Item 2.

 

(a)The name of the person filing is Emerald Advisers, Inc.

 

(b)The address of the principal office of the person filing is 3175 Oregon Pike, Leola, Pennsylvania 17540.

 

(c)The state of organization is Pennsylvania.

 

(d)The title of class of security is Class A Common Stock, par value $2.00.

 

(e)The CUSIP number is 780081105.

 

Item 3.

 

The person filing is an Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940.

 

Item 4.

 

(a)The amount beneficially owned is 1,678,379 shares.

 

(b)The percent of class is 5.95% based on 28,200,269 shares issued.

 

(c)(i)The number of shares as to which Emerald Advisers, Inc. has sole voting power is 481,505.

 

(c)(ii)The number of shares as to which Emerald Advisers, Inc. has shared voting power is 0.

 

(c)(iii)The number of shares as to which Emerald Advisers, Inc. has sole dispositive power is 1,678,379.

 

(c)(iv)The number of shares as to which Emerald Advisers, Inc. has shared dispositive power is 0.

 

Item 5.

 

This statement is NOT 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.

 

 3 
 

 

Schedule 13G Page 4 of 4

 

Item 6.

 

Other persons have the right to receive and/or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities.

 

Item 7.

 

Not applicable.

 

Item 8.

 

Not applicable.

 

Item 9.

 

Not applicable.

 

Item 10.

 

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 such 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.

 

  January 25, 2016
  Date
   
  /s/ Kenneth G. Mertz II
  Signature
   
  Kenneth G. Mertz II, President
  Name/Title

 

 4