-----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, AM0oyOr585w2qpoJkBzWcRgpexzQf81QYmbuWXvS9+9ctzNa2IDo74aNaYq0t7C2 LULP0b6VOxfxngtO+DP50A== 0000913355-00-000020.txt : 20000221 0000913355-00-000020.hdr.sgml : 20000221 ACCESSION NUMBER: 0000913355-00-000020 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000218 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PATRIOT NATIONAL BANCORP INC CENTRAL INDEX KEY: 0001098146 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 061559137 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-58533 FILM NUMBER: 548979 BUSINESS ADDRESS: STREET 1: 900 BEDFORD ST CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 2033247500 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DECARO ANGELO CENTRAL INDEX KEY: 0001103130 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 1171 EAST PUTNAM AVE CITY: GREENWICH STATE: CT ZIP: 06878 BUSINESS PHONE: 2036378102 SC 13D 1 SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Patriot National Bancorp, Inc. (Name of Issuer) Common Stock, par value $2.00 (Title of Class of Securities) 70336F 10 4 (CUSIP Number) Paul G. Hughes Cummings & Lockwood Four Stamford Plaza P.O. Box 120 Stamford, Connecticut 06904 (203) 351-4516 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 1, 1999 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this Schedule because of ------ Rule 13d-1(b)(3) or (4), check the following box . ------ Page 1 of 6 pages - ---------------------------------------------------- ---------------------- CUSIP No. Page 2 of 6 Pages 70336F 10 4 - ---------------------------------------------------- ---------------------- - ------------ ------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Angelo DeCaro - ------------ ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) |_| (b) [X] - ------------ ------------------------------------------------------------------- 3 SEC USE ONLY - ------------ ------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) PF - ------------ ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------ ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - ------------------------- -------- --------------------------------------------- 7 SOLE VOTING POWER 337,321 NUMBER OF -------- --------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY -------- --------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 337,321 PERSON -------- --------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 0 - ------------ ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 337,321 - ------------ ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) |_| - ------------ ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 15.6 - ------------ ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN - ------------ ------------------------------------------------------------------- Page 3 of 6 Pages Item 1. Security and Issuer. The class of equity securities to which this Schedule 13D relates is the Common Stock, par value $2.00 ("Bancorp Common Stock"), of Patriot National Bancorp, Inc. ("Bancorp"). The address of the principal executive offices of Bancorp is 900 Bedford Street, Stamford, Connecticut 06901. Item 2. Identity and Background (a) The name of the person filing this Schedule 13D is Angelo DeCaro. (b) Mr. DeCaro's business address is 1171 East Putnam Avenue, Greenwich, Connecticut 06878. (c) Mr. DeCaro is a private investor whose business address is 1171 East Putnam Avenue, Greenwich, Connecticut 06878. (d) During the last five years, Mr. DeCaro has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, Mr. DeCaro has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Mr. DeCaro is a citizen of the United States of America. Item 3. Source and Amount of Funds or Other Consideration On December 1, 1999, the reorganization (the "Reorganization") of Patriot National Bank (the "Bank") into a one-bank holding company structure became effective. On that date, each share of Common Stock, par value $2.00, was converted into one share of Bancorp Common Stock. Upon consummation of the Reorganization, Mr. DeCaro became the owner of 276,421 shares of Bancorp Common Stock. The remaining 60,900 shares of Bancorp Common Stock owned by Mr. DeCaro were purchased in open market transactions; Mr. DeCaro used personal funds aggregating $750,301 to purchase such shares. Page 4 of 6 pages Item 4. Purpose of Transaction Mr. DeCaro purchased his shares of Bancorp Common Stock for investment purposes. Mr. DeCaro does not have any plans or proposals with respect to Bancorp which would result in any of the events described in Item 4 of Schedule 13D. Item 5. Interest in Securities of the Issuer (a) Mr. DeCaro beneficially owns an aggregate of 337,321 shares of Bancorp Common Stock (representing 15.6% of such stock outstanding). (b) Mr. DeCaro has sole voting and sole dispositive power with respect to all 309,621 of such shares. (c) The following table summarizes Mr. DeCaro's transactions in Bancorp Common Stock since the effective date of the Reorganization. All of these transactions by Mr. DeCaro were open market purchases: Date Number of Shares Price per Share ---- ---------------- --------------- 12-07-1999 1,900 $12.50 12-14-1999 21,500 12.375 12-28-1999 7,000 12.31 12-31-1999 1,500 12.375 1-14-2000 1,300 12.0625 1-24-2000 3,000 12.00 1-25-2000 4,200 12.25 2-2-2000 2,500 12.25 2-7-2000 6,000 12.25 2-9-2000 12,000 12.375 The following table summarizes Mr. DeCaro's transactions in Common Stock of the Bank during the period from October 1, 1999 through November 30, 1999. All of these transactions by Mr. DeCaro were open market purchases: Date Number of Shares Price per Share ---- ---------------- --------------- 10-12-1999 12,000 $10.125 10-13-1999 14,000 10.11 10-19-1999 23,400 10.86 11-03-1999 5,000 11.35 11-22-1999 1,000 12.50 11-24-1999 1,450 11.625 11-30-1999 6,000 12.53 Page 5 of 6 pages (d) Not applicable. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer There are no contracts, arrangements, understandings or relationships (legal or otherwise) between Mr. DeCaro and any person with respect to any securities of Bancorp. Item 7. Material to Be Filed as Exhibits. None. Page 6 of 6 pages SIGNATURES 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. Dated: February 18, 2000 /s/ ANGELO DeCARO _________________________________ Name: Angelo DeCaro -----END PRIVACY-ENHANCED MESSAGE-----