-----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, WtIYanwBqxtE8CzPxx1DW6cX85KOfWYZQODyyKdFfb3sU81Zd7S7lYFn0NA9SlIv 5dU22NaIBD3wqDKAXSUidg== 0000950123-10-013113.txt : 20100216 0000950123-10-013113.hdr.sgml : 20100215 20100216145007 ACCESSION NUMBER: 0000950123-10-013113 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100216 DATE AS OF CHANGE: 20100216 GROUP MEMBERS: JOHN F. GILGUN, JR. GROUP MEMBERS: RHODA K. ASTONE GROUP MEMBERS: SHIRLEY M. TRACY FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN CENTRAL INDEX KEY: 0001079147 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 399 HIGHLAND AVENUE CITY: SOMERVILLE STATE: MA ZIP: 01144 MAIL ADDRESS: STREET 1: 399 HIGHLAND AVENUE CITY: SOMERVILLE STATE: MA ZIP: 01144 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL BANCORP INC /MA/ CENTRAL INDEX KEY: 0001076394 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 043447594 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-55695 FILM NUMBER: 10606615 BUSINESS ADDRESS: STREET 1: 399 HIGHLAND AVENUE CITY: SOMERVILLE STATE: MA ZIP: 02144 BUSINESS PHONE: 6176284000 MAIL ADDRESS: STREET 1: 399 HIGHLAND AVENUE CITY: SOMERVILLE STATE: MA ZIP: 02144 SC 13G/A 1 g22122sc13gza.htm SC 13G/A sc13gza

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934
(Amendment No. 12)1

Central Bancorp, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
152418 10 9
(CUSIP Number)
December 31, 2009
(Date of Event Which Requires Filing of this Statement)

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

     þ Rule 13d-1(b)

     þ Rule 13d-1(c)

     o Rule 13d-1(d)

 

1 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).

 
 


 

                       
CUSIP No.
 
152418 10 9 
13 G/A  Page  
  of   
  Pages

 

           
1   NAMES OF REPORTING PERSONS:

Central Co-operative Bank Employee Stock Ownership Plan Trust
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Commonwealth of Massachusetts
       
  5   SOLE VOTING POWER
     
NUMBER OF   180,992(1)
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   216,666(2)
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   180,992
       
WITH 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  397,658
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o
   
 
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
  24.29% (3)
     
12   TYPE OF REPORTING PERSON
   
  EP
(1) Consists of unallocated shares held by the Central Co-operative Bank Employee Stock Ownership Plan (ESOP”). The unallocated shares held by the ESOP are voted by the ESOP trustees in the same proportion as allocated shares for which the trustees receive voting instructions from ESOP participants.
(2) Consists of shares allocated to the accounts of ESOP participants. These allocated shares are voted in accordance with the instructions of the individual ESOP participants.
(3) Based on 1,637,151 shares outstanding as of December 31, 2009.


 

                       
CUSIP No.
 
152418 10 9 
13 G/A  Page  
  of   
  Pages

 

           
1   NAMES OF REPORTING PERSONS:

Shirley M. Tracy
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5   SOLE VOTING POWER
     
NUMBER OF   11,432(1)
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   11,432(1)
       
WITH 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  11,432(1)
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o
   
 
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
  0.70% (2)
     
12   TYPE OF REPORTING PERSON
   
  IN
(1) The amount reported excludes 180,992 unallocated and 216,666 allocated ESOP shares which the reporting person may be deemed to beneficially own due to the reporting person’s service as a trustee of the ESOP. The unallocated shares held by the ESOP are voted by the ESOP trustees in the same proportion as allocated shares for which the trustees receive voting instructions from ESOP participants. Allocated ESOP shares are voted by the ESOP trustees in accordance with voting instructions received from the individual ESOP participants. If participants do not provide voting instructions, the trustees vote the allocated shares proportionately with those allocated shares for which voting instructions are received. The reporting person disclaims any beneficial ownership interest in the shares held by the ESOP. The amount also includes 1,200 unvested shares of restricted stock over which Ms. Tracy has voting but no dispositive power, 5,766 shares held in her ESOP account over which she has voting but no dispositive power and 2,666 shares subject to options which are exercisable.
(2) Based on 1,637,151 shares outstanding as of December 31, 2009 and assumes that options to purchase 2,666 shares have been exercised.


 

                       
CUSIP No.
 
152418 10 9 
13 G/A  Page  
  of   
  Pages

 

           
1   NAMES OF REPORTING PERSONS:

Rhoda K. Astone
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5   SOLE VOTING POWER
     
NUMBER OF   5,437(1)
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   5,437(1)
       
WITH 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  5,437(1)
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  o
   
   
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
  0.33% (2)
     
12   TYPE OF REPORTING PERSON
   
  IN
(1) The amount reported excludes 180,992 unallocated and 216,666 allocated ESOP shares which the reporting person may be deemed to beneficially own due to the reporting person’s service as a trustee of the ESOP. The unallocated shares held by the ESOP are voted by the ESOP trustees in the same proportion as allocated shares for which the trustees receive voting instructions from ESOP participants. Allocated ESOP shares are voted by the ESOP trustees in accordance with voting instructions received from the individual ESOP participants. If participants do not provide voting instructions, the trustees vote the allocated shares proportionately with those allocated shares for which voting instructions are received. The reporting person disclaims any beneficial ownership interest in the shares held by the ESOP. The amount also includes 800 unvested shares of restricted stock over which Ms. Astone has voting but no dispositive power, 1,522 shares held in her ESOP account over which she has voting but no dispositive power and 558 shares subject options which are exercisable.
(2) Based on 1,637,151 shares outstanding as of December 31, 2009 and assumes that options to purchase 558 shares have been exercised.


 

                       
CUSIP No.
 
152418 10 9 
13 G  Page  
  of   
  Pages

 

           
1   NAMES OF REPORTING PERSONS:

John F. Gilgun, Jr.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5   SOLE VOTING POWER
     
NUMBER OF   1,575 (1)
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   1,575 (1)
       
WITH 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,575 (1)
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  o
   
 
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
  0.10% (2)
     
12   TYPE OF REPORTING PERSON
   
  IN
(1) The amount reported excludes 180,992 unallocated and 216,666 allocated ESOP shares which the reporting person may be deemed to beneficially own due to the reporting person’s service as a trustee of the ESOP. The unallocated shares held by the ESOP are voted by the ESOP trustees in the same proportion as allocated shares for which the trustees receive voting instructions from ESOP participants. Allocated ESOP shares are voted by the ESOP trustees in accordance with voting instructions received from the individual ESOP participants. If participants do not provide voting instructions, the trustees vote the allocated shares proportionately with those allocated shares for which voting instructions are received. The reporting person disclaims any beneficial ownership interest in the shares held by the ESOP.
(2) Based on 1,637,151 shares outstanding as of December 31, 2009.


 

                       
        Page  
  of   
  Pages
Securities and Exchange Commission
Washington, D.C. 20549
Item 1(a).   Name of Issuer.
     Central Bancorp, Inc.
Item 1(b).   Address of Issuer’s Principal Executive Offices.
399 Highland Avenue
Somerville, Massachusetts 02144
Item 2(a).   Name of Person(s) Filing.
     Central Co-operative Bank Employee Stock Ownership Plan (the “ESOP”) and the following individuals who presently serve the trustees of the ESOP: Shirley M. Tracy, Rhoda K. Astone and John F. Gilgun, Jr. The ESOP trustees expressly disclaim beneficial ownership of any shares held in the ESOP in which such person does not have a direct pecuniary interest.
Item 2(b).   Address of Principal Business Office or, if None, Residence.
         
 
  ESOP: Same as 1(b).    
 
       
 
  Shirley M. Tracy:   841 Webster Drive
 
      Needham, Massachusetts 02492
 
       
 
  Rhoda K. Astone:   6 McCarthy Drive
 
      Burlington, Massachusetts 01803
 
       
 
  John F. Gilgun, Jr.:   11 Ledgewood Road
 
      Woburn, Massachusetts 01801
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 $1.00 per share.
Item 2(e).   CUSIP Number.
     152418 10 9

 


 

                       
        Page  
  of   
  Pages
Item 3.   If This Statement is Filed Pursuant to Sections 240.13d-1(b) and 240.13d-2(b) or (c), Check Whether the Person Filing is a:
  (f)  þ   An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F)
     Items (a), (b), (c), (d), (e), (g), (h), (i), (j) and (k) are not applicable. This amended 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 (the “ESOP Trust”), filing pursuant to Rule 13d-1(c). Exhibit A contains a description of the voting and dispositive powers over shares of the Issuer held directly by these entities. Each trustee of the ESOP Trust set forth in Exhibit A, although filing under the Item 3(f) classification because of their status as trustees of the ESOP, disclaims that he is acting in concert with, or is a member of a group consisting of, the other ESOP trustees.
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) Number of Shares as to Which Such Person Has: 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: o
Item 6.   Ownership of More than Five Percent on Behalf of Another Person.
     Pursuant to Section 13.7 of the ESOP, the ESOP Committee has the power to direct the receipt of dividends on shares held in the ESOP Trust.
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.

 


 

                       
        Page  
  of   
  Pages
Item 8.   Identification and Classification of Members of the Group.
     This Schedule 13G/A is being filed on behalf of the ESOP identified in Item 2(a), which is filing under the Item 3(f) classification. Exhibit A contains a disclosure of the voting and dispositive powers over shares of the Issuer held by the ESOP Trust. Each trustee of the ESOP Trust set forth in Exhibit A, although filing under the Item 3(f) classification because of their status as trustees of the ESOP, disclaims that he is acting in concert with, or is a member of a group consisting of, the other ESOP trustees.
Item 9.   Notice of Dissolution of Group.
     Not applicable.
Item 10.   Certifications.
     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  
  of   
  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.
     
CENTRAL CO-OPERATIVE BANK
EMPLOYEE STOCK OWNERSHIP PLAN TRUST
   
 
   
By Its Trustees:
   
 
   
/s/ Shirley M. Tracy
 
  Date: February 16, 2010 
Shirley M. Tracy, Trustee
   
 
   
/s/ Rhoda K. Astone
 
  Date: February 16, 2010 
Rhoda K. Astone, Trustee
   
 
   
/s/ John F. Gilgun, Jr.
 
  Date: February 16, 2010 
John F. Gilgun, Jr., Trustee
   
 
   
/s/ Shirley M. Tracy
 
  Date: February 16, 2010 
Shirley M. Tracy, as an Individual Stockholder
   
 
   
/s/ Rhoda K. Astone
 
  Date: February 16, 2010 
Rhoda K. Astone, as an Individual Stockholder
   
 
   
/s/ John F. Gilgun, Jr.
 
  Date: February 16, 2010 
John F. Gilgun, Jr., as an Individual Stockholder
   

 


 

Exhibit A
     The trustees of the ESOP hold shares of common stock of the Issuer in trust for the benefit of employees participating in the ESOP. Pursuant to Section 13.6 of the ESOP, (i) the trustees vote common stock allocated to participant accounts in accordance with instructions by participants, (ii) shares of common stock of the Issuer which have not been allocated and allocated stock for which no voting direction has been received shall be voted by the trustees in the same proportion as participants direct the voting of allocated shares, and (iii) if no voting direction has been received as to allocated shares, Central Co-operative Bank, as the ESOP Committee, may direct the trustees as to the voting of all unallocated shares, and if the ESOP Committee gives no direction, the trustees shall vote such shares in their sole discretion. Pursuant to Section 13.3 of the ESOP, the trustees exercise investment discretion as directed by the ESOP Committee. However, the trustees must exercise voting and dispositive power with respect to the assets held by the ESOP, including common stock of the Issuer, in accordance with the fiduciary responsibility requirements imposed by Section 404 of the Employee Retirement Income Security Act of 1974, as amended. A majority vote of the trustees is required to exercise any voting or investment power over the shares held in the ESOP.
     The ESOP trustees and their beneficial ownership of the shares of common stock of the Issuer exclusive of responsibilities as an ESOP trustee or ESOP sponsor, as the case may be, are as follows (such ownership disregarded in reporting the ESOP’s ownership within this Schedule 13G/A).
                 
    Direct Beneficial    
    Ownership of Issuer   Beneficial Ownership as
Name   Common Stock   an ESOP Participant
Shirley M. Tracy
    3,000 (1)     5,766  
Rhoda K. Astone
    3,357 (2)     1,532  
John F. Gilgun, Jr.
    1,575       0  
 
(1)   Includes 1,200 unvested shares of restricted stock over which Ms. Tracy has voting but no dispositive power.
 
(2)   Includes 800 unvested shares of restricted stock over which Ms. Astone has voting but no dispositive power.
     The ESOP trustees expressly disclaim beneficial ownership of any shares held in the ESOP in which such person does not have a direct pecuniary interest. The ESOP trustees disclaim that he is acting in concert with, or is a member of a group consisting of, the other ESOP trustees.

 

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