-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, H0X8mpGeLE9/46ZllyTYIdrH4LTfaT+om3PiLmSx2GAHs0IrkZL2sSMHrNv5Bljd mN0asEPkh4jNL1uMyiOQLw== 0000904280-99-000065.txt : 19990215 0000904280-99-000065.hdr.sgml : 19990215 ACCESSION NUMBER: 0000904280-99-000065 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990212 GROUP MEMBERS: FREDERICK H. HOWDY GROUP MEMBERS: FREDERICK N. HOLSCHER GROUP MEMBERS: LINLEY H. GIBBS, JR. GROUP MEMBERS: NEWSOUTH BANCORP INC EMPLOYEE STOCK OPTION PLAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NEWSOUTH BANCORP INC CENTRAL INDEX KEY: 0001027183 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 561999749 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-52759 FILM NUMBER: 99533387 BUSINESS ADDRESS: STREET 1: 1311 CAROLINA AVE CITY: WASHINGTON STATE: NC ZIP: 27889 BUSINESS PHONE: 2529464178 MAIL ADDRESS: STREET 1: 1311 CAROLINA AVENUE CITY: WASHINGTON STATE: NC ZIP: 27889 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NEWSOUTH BANCORP INC EMPLOYEE STOCK OPTION PLAN CENTRAL INDEX KEY: 0001054710 STANDARD INDUSTRIAL CLASSIFICATION: [] FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1311 CAROLINA AVE STREET 2: P O BOX 2047 CITY: WASHINGTON STATE: NC ZIP: 27889 BUSINESS PHONE: 9199464178 MAIL ADDRESS: STREET 1: 1311 CAROLINA AVE STREET 2: P O BOX 2047 CITY: WASHINGTON STATE: NC ZIP: 27889 SC 13G/A 1 AMENDMENT NO. 1 SCHEDULE 13G FOR 1999 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b) (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. 1) * NewSouth Bancorp, Inc. -------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------- (Title of Class of Securities) 652495 10 2 -------------------- (CUSIP Number) N/A ------------------------------------------------------ (Date of Event Which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [x] 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). Page 1 of 8 pages CUSIP No. 652495 10 2 13G Page 2 of 8 Pages 1. NAME OF REPORTING PERSONS: NewSouth Bancorp, Inc. Employee Stock Ownership Plan Trust I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY): 56-6497304 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:* (a) [ ] (b) [ X ] 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 0 6. SHARED VOTING POWER 347,443 7. SOLE DISPOSITIVE POWER: 0 8. SHARED DISPOSITIVE POWER: 347,443 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 347,443 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES:* [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 9.1% 12. TYPE OF REPORTING PERSON:* EP *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 652495 10 2 13G Page 3 of 8 Pages 1. NAME OF REPORTING PERSONS: Linley H. Gibbs, Jr. I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY): 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:* (a) [ ] (b) [ X ] 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 31,560 6. SHARED VOTING POWER 358,303 7. SOLE DISPOSITIVE POWER: 31,560 8. SHARED DISPOSITIVE POWER: 385,302 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 416,862 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES:* [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 10.9% 12. TYPE OF REPORTING PERSON:* IN *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 652495 10 2 13G Page 4 of 8 Pages 1. NAME OF REPORTING PERSONS: Frederick N. Holscher I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY): 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:* (a) [ ] (b) [ X ] 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 21,379 6. SHARED VOTING POWER 358,528 7. SOLE DISPOSITIVE POWER: 21,379 8. SHARED DISPOSITIVE POWER: 385,527 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 406,906 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES:* [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 10.6%* 12. TYPE OF REPORTING PERSON:* IN *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 652495 10 2 13G Page 5 of 8 Pages 1. NAME OF REPORTING PERSONS: Frederick H. Howdy I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY): 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:* (a) [ ] (b) [ X ] 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 33,660 6. SHARED VOTING POWER 386,203 7. SOLE DISPOSITIVE POWER: 33,660 8. SHARED DISPOSITIVE POWER: 413,202 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 446,862 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES:* [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 11.7% 12. TYPE OF REPORTING PERSON:* IN *SEE INSTRUCTION BEFORE FILLING OUT! Page 6 of 8 Pages Securities and Exchange Commission Washington, D.C. 20549 ITEM 1(a) NAME OF ISSUER. NewSouth Bancorp, Inc. ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES. 1311 Carolina Avenue, P.O. Box 2047 Washington, North Carolina 27889 ITEM 2(a) NAME OF PERSON(S) FILING. NewSouth Bancorp, Inc. Employee Stock Ownership Plan Trust ("ESOP"), and the following individuals who serve as its trustees of the trust: Linley H. Gibbs, Jr., Frederick N. Holscher, and Frederick H. Howdy. ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE. Same as Item 1(b). ITEM 2(c) CITIZENSHIP. See Row 4 of the second part of the cover page provided for each reporting person. ITEM 2(d) TITLE OF CLASS OF SECURITIES. Common Stock, par value $.01 per share. ITEM 2(e) CUSIP NUMBER. See the upper left corner of the second part of the cover page provided for each reporting person. ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (f) [x] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); If this statement is filed pursuant to Rule 13d-1 (c), check this box. [x] Items (a), (b), (c), (d), (e), (g), (h), (i) and (j) are not applicable. This Schedule 13G is being filed on behalf of the ESOP identified in Item 2(a), filing under the Item 3(f) classification, and by each trustee of the trust established pursuant to the ESOP, filing pursuant to Rule 13d-1(c) and applicable SEC no-action letters. Page 7 of 8 Pages ITEM 4. OWNERSHIP. (a) Amount Beneficially Owned: See Row 9 of the second part of the cover page provided for each reporting person. (b) Percent of Class: See Row 11 of the second part of the cover page provided for each reporting person. (c) See Rows 5, 6, 7, and 8 of the second part of the cover page provided for each reporting person. 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. The ESOP Committee has the power to determine whether dividends on allocated shares that are paid to the ESOP trust are distributed to participants or are used to repay the ESOP loan. 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, each signatory in the capacity of an ESOP trustee certifies that, to the best of his 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. By signing below, each signatory in his individual capacity certifies that, to the best of his 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. Page 8 of 8 Pages SIGNATURE: After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this state- ment is true, complete and correct. NEWSOUTH BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN TRUST By Its Trustees: /s/ Linley H. Gibbs, Jr. February 9, 1999 __________________________________ ________________ Linkley H. Gibbs, Jr. as Trustee Date /s/ Frederick N. Holscher February 9, 1999 __________________________________ ________________ Frederick N. Holscher, as Trustee Date /s/ Frederick H. Howdy February 9, 1999 __________________________________ ________________ Frederick H. Howdy, as Trustee Date /s/ Linley H. Gibbs, Jr. February 9, 1999 _________________________________________ ________________ Linley H. Gibbs, Jr., as an Individual Date Stockholder /s/ Frederick N. Holscher February 9, 1999 _________________________________________ ________________ Frederick N. Holscher, as an Individual Date Stockholder /s/ Frederick H. Howdy February 9, 1999 _________________________________________ ________________ Frederick H. Howdy, as an Individual Date Stockholder -----END PRIVACY-ENHANCED MESSAGE-----