-----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, J4Hj1W85cYbac2tiVPh3nwOeVVvXHuA2wWJMH/n7n5Gna/TXn39uHw/QUOvYClFU Du//QYWf7ivfrR1uexkdGw== 0000950168-99-000360.txt : 19990215 0000950168-99-000360.hdr.sgml : 19990215 ACCESSION NUMBER: 0000950168-99-000360 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FOUR OAKS FINCORP INC CENTRAL INDEX KEY: 0001040799 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 562028446 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-53393 FILM NUMBER: 99536608 BUSINESS ADDRESS: STREET 1: 6144 US 301 SOUTH STREET 2: P O BOX 309 CITY: FOUR OAKS STATE: NC ZIP: 27524 BUSINESS PHONE: 9199632177 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STURDIVANT JOSAPHINE L CENTRAL INDEX KEY: 0001054933 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O FOUR OAKS FINCORP INC STREET 2: 6144 US 301 SOUTH CITY: FOUR OAKS STATE: NC ZIP: 27534 BUSINESS PHONE: 9199632177 MAIL ADDRESS: STREET 1: C/O FOUR OAKS FINCORP INC STREET 2: 6144 US 301 SOUTH CITY: FOUR OAKS STATE: NC ZIP: 27534 SC 13G 1 FOUR OAKS FINCORP, INC./STURDIVANT 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* FOUR OAKS FINCORP, INC. (Name of Issuer) COMMON STOCK $1.00 PAR VALUE (Title of Class of Securities) 350891 10 7 (CUSIP Number) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] 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. **This Schedule 13G was originally filed pursuant to Rule 13d-1(c), while this Amendment is being filed pursuant to Rule 13d-2(b). 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 Notes). (Continued on following page(s)) Page 1 of 6 Pages CUSIP No. 350891 10 7 13G Page 2 of 6 Pages 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Josephine L. Sturdivant 2. CHECK THE APPROPRIATE BOX OF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES OF AMERICA NUMBER OF 5. SOLE VOTING POWER SHARES BENEFICIALLY 68,032.562 OWNED BY EACH 6. SHARED VOTING POWER REPORTING PERSON 798.309 WITH: 7. SOLE DISPOSITIVE POWER 68,032.562 8. SHARED DISPOSITIVE POWER 798.309 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 76,741.812 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] NOT APPLICABLE 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.68% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN CUSIP No. 350891 10 7 13G Page 3 of 6 Pages This Amendment to Schedule 13G (the "Amendment") amends the Schedule 13G filed with the Securities and Exchange Commission on February 13, 1998 (the "Schedule 13G") by Josephine L. Sturdivant (the "Reporting Person"), with respect to the common stock, par value $1.00 per share ("Shares"), of Four Oaks Fincorp, Inc., a North Carolina corporation (the "Company"). Except as provided in Item 4, the Amendment amends and restates the Schedule 13G. Item 1. (a) Name of Issuer Four Oaks Fincorp, Inc. (b) Address of Issuer's Principal Executive Offices 6144 US 301 South Four Oaks, North Carolina 27524 Item 2. (a) Names of Persons Filing This statement is filed by Josephine L. Sturdivant. (b) Address of Principal Business Office or, if none, Residence: 5426 Hampton Road Fayetteville, North Carolina 28311 (c) Place of Organization or Citizenship United States of America (d) Title of Class of Securities Common Stock, par value $1.00 per share (e) CUSIP Number 350891 10 7 Item 3. Not Applicable. CUSIP No. 350891 10 7 13G Page 4 of 6 Pages Item 4. Ownership (a) Amount Beneficially Owned: As of December 31, 1998, the Reporting Person beneficially owned 76,741.812 Shares which includes 7,910.941 Shares owned by her spouse individually and 798.309 Shares owned jointly by the Reporting Person and her spouse. The Reporting Person declares that the filing of this Schedule 13G shall not be construed as an admission that she is, for purposes of Section 13(d) or Section 13(g) of the Act, the beneficial owner of any of the Shares owned of record by her spouse. The Reporting Person has no power to vote, direct the voting of, dispose of, or direct the disposition of such Shares owned by her spouse. (b) Percent of Class: Such 76,741.812 Shares are 5.68% of the 1,349,039 Shares outstanding as of December 31, 1998. (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 68,032.562 (ii) shared power to vote or to direct the vote: 798.309 (iii) sole power to dispose or to direct the disposition of: 68,032.562 (iv) shared power to dispose or to direct the disposition of: 798.309 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 As stated above, the Reporting Person's spouse owns 7,910.941 Shares individually and has the right to receive dividends and proceeds from the sale of such Shares. 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 CUSIP No. 350891 10 7 13G Page 5 of 6 Pages Item 10. Certification 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. CUSIP No. 350891 10 7 13G Page 6 of 6 Pages 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. Date: February 8, 1999 Signature: /s/ Josephine L. Sturdivant ----------------------------- Name: Josephine L. Sturdivant -----END PRIVACY-ENHANCED MESSAGE-----