-----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, K+62zyPX0ClcV6sHxpWN1wlw2Qg1FK3ElhPgTML/BqSGiZ39d5JP95zlFy5DGKh+ oL7VIz1LjYLMG5gkzXxnyw== 0000950159-03-000317.txt : 20030411 0000950159-03-000317.hdr.sgml : 20030411 20030411091715 ACCESSION NUMBER: 0000950159-03-000317 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030411 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PENNSYLVANIA COMMERCE BANCORP INC CENTRAL INDEX KEY: 0001085706 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 251834776 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58095 FILM NUMBER: 03646296 BUSINESS ADDRESS: STREET 1: 100 SENATE AVE CITY: CAMP HILL STATE: PA ZIP: 17001-8599 BUSINESS PHONE: 7179755630 MAIL ADDRESS: STREET 1: 100 SENATE AVE CITY: CAMP HILL STATE: PA ZIP: 17001-8599 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HILL VERNON W II CENTRAL INDEX KEY: 0001106393 IRS NUMBER: 251834776 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1701 ROUTE 70 EAST CITY: CHERRY HILL STATE: NJ ZIP: 08034 BUSINESS PHONE: 7177519000 MAIL ADDRESS: STREET 1: 1701 ROUTE 70 EAST CITY: CHERRY HILL STATE: NJ ZIP: 08034 SC 13G/A 1 commerce13ga.txt OMB Number: 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response 11 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 4)* Pennsylvania Commerce Bancorp, Inc. ----------------------------------- (Name of Issuer) Voting Common Stock ------------------- (Title of Class of Securities) 708677 109 ---------- (CUSIP Number) April 10, 2003 ----------------- (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) [X] 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). Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. Page 1 of 5 Pages
- ------------------------------------- ------------------------- CUSIP NO. 708677 109 Schedule 13G Page 2 of 5 - ------------------------------------- ------------------------- - --------------------------------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only). Vernon W. Hill, II - --------- ---------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) |_| (b) |_| N/A - --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------------------------------------------------------------------------------------------- 5 SOLE VOTING POWER 45,703 shares (See Item 4) NUMBER OF SHARES ------------------------------------------------------------------------ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 60,025 shares (See Item 4) EACH: REPORTING ------------------------------------------------------------------------ PERSON WITH: 7 SOLE DISPOSITIVE POWER 45,703 shares (See Item 4) - --------------------------------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 60,025 shares (See Item 4) - --------------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 105,728 shares (See Item 4) - --------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [X] See Item 4 - --------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.93% - --------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (See Instructions) IN - ---------------------------------------------------------------------------------------------------------
Page 3 of 5 Item 1(a) Name of Issuer: Pennsylvania Commerce Bancorp, Inc. (the "Issuer") Item 1(b) Address of Issuer's Principal Executive Offices: 100 Senate Avenue, Camp Hill, PA 17011 Item 2(a) Name of Person Filing: Vernon W. Hill, II Item 2(b) Address of Principal Business Office or, if none, Residence: c/o Commerce Bancorp, Inc. 1701 Route 70 East, Cherry Hill, NJ 08034-5000 Item 2(c) Citizenship: United States Item 2(d) Title of Class of Securities: Voting Common Stock Item 2(e) CUSIP Number: 708677 109 Item 3 Not Applicable Item 4 Ownership: (a) Amount beneficially owned: As of April 10, 2003, Vernon W. Hill, II beneficially owned 105,728 shares of voting common stock of the Issuer. See Item 4(c) below. The filing of this Schedule 13G shall not be construed as an admission that (a) Vernon W. Hill, II is, for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this Schedule 13G or (b) that this Schedule 13G is legally required to be filed by Vernon W. Hill, II. (b) Percent of class: 4.93% (Based on 2,129,705 shares outstanding as of April 1, 2003. (c) Number of shares as to which Vernon W. Hill, II has: (i) sole power to vote or to direct the vote: 45,703 shares of voting common stock of the Issuer;(1) (ii) shared power to vote or to direct the vote: 60,025 shares of voting common stock of the Issuer(2); Page 4 of 5 (iii) sole power to dispose or to direct the disposition of: 45,703 shares of voting common stock of the Issuer(1); and (iv) shared power to dispose or to direct the disposition of: 60,025 shares of voting common stock of the Issuer(2). - ---------------- (1) Includes 15,390 shares which may be acquired upon exercise of currently exercisable options and 30,313 shares held by Mr. Hill directly. (2) Includes 12,309 shares held by J.V. Properties, a partnership in which Mr. Hill is one of two partners, 12,309 shares owned by S.J. Dining, a corporation in which Mr. Hill is one of two shareholders, 23,100 shares owned by the Hill Family Trust of which Mr. Hill is a co-trustee and beneficiary, 9,573 shares owned by Interarch, a corporation owned by Mr. Hill's wife and 2,734 shares owned by Mr. Hill's wife, Shirley Hill. Does not include 136,824 shares (adjusted for stock splits and dividends) of the Issuer's voting common stock which Commerce Bancorp, Inc. is entitled to purchase in the event of a "change in control" (as defined in the warrant agreement) of the Issuer. Such warrants are fully transferable and expire on October 7, 2008. Also does not include 166,350 shares beneficially owned by Commerce Bancorp, Inc. of which Mr. Hill is Chairman of the Board, President and CEO. 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: 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 Page 5 of 5 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: April 10, 2003 By: /s/ Vernon W. Hill, II ----------------- ---------------------- Vernon W. Hill, II -----END PRIVACY-ENHANCED MESSAGE-----