-----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, PImvZW/YHcD9QxDDh2CFNcjcwXQeJ7s54z6MZ0OiwEg7qOrSqCtdyMhu7gOxoERM n1EjA/e2lE7FKCwHjevuBA== 0001026081-10-000014.txt : 20100607 0001026081-10-000014.hdr.sgml : 20100607 20100607093454 ACCESSION NUMBER: 0001026081-10-000014 CONFORMED SUBMISSION TYPE: SC 13D/A CONFIRMING COPY: PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100607 DATE AS OF CHANGE: 20100607 GROUP MEMBERS: BROAD PARK INVESTORS, LLC GROUP MEMBERS: LSBK06-08, LLC GROUP MEMBERS: SEIDMAN AND ASSOCIATES, LLC GROUP MEMBERS: SEIDMAN INVESTMENT PARTNERSHIP II, LP GROUP MEMBERS: SEIDMAN INVESTMENT PARTNERSHIP, LP FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SEIDMAN LAWRENCE B CENTRAL INDEX KEY: 0001026081 STATE OF INCORPORATION: NJ FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: LANIDEX CENTER STREET 2: 100 MISTY LANE P O BOX 5430 CITY: PARSIPPANY STATE: NJ ZIP: 07054 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN CONNECTICUT BANCORP INC CENTRAL INDEX KEY: 0001137046 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 061609692 STATE OF INCORPORATION: CT FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-62083 BUSINESS ADDRESS: STREET 1: 215 CHURCH STREET CITY: NEW HAVEN STATE: CT ZIP: 06510 BUSINESS PHONE: 2037821100 MAIL ADDRESS: STREET 1: 215 CHURCH STREET CITY: NEW HAVEN STATE: CT ZIP: 06510 SC 13D/A 1 schedule13damend7.htm SCHEDULE 13D SOUTHERN CONNECTICUT BANCORP INC. schedule13damend7.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
 
 
Southern Connecticut Bancorp, Inc.

(Name of Issuer)

Common Stock
(Title of Class of Securities)

84264A102  
(CUSIP Number)

Lawrence B. Seidman, 100 Misty Lane, Parsippany, NJ  07054
(973) 952-0405

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

June 2, 2010
(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 that is the subject of this Schedule 13D, and is filing this schedule because of ·· 240.13d-1(e), 240.13d-1 (f) or 240.13d-1(g), check the following box.   (    )

 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See · 240.13d-7 for other parties to whom copies are to be sent.
 
* 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 disclosures provided in a prior cover page.
 
The information required on 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).
 
 
 
 

 
 
 
SCHEDULE 13D
CUSIP No. 84264A102 

  1. Seidman and Associates, LLC       22-3343079

  2. Check the Appropriate Box if a Member of a Group*
(a.)  (X)       (b.)  (   )

  3. SEC USE ONLY

  4.   
Source of Funds*
                      WC

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to items 2(d) or 2(e)  (    )

  6.
Citizenship or Place of Organization
                      New Jersey

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power       26,582
                  

8. Shared Voting Power

9. Sole Dispositive Power       26,582                  

10. Shared Dispositive Power

  11. Aggregate Amount Beneficially Owned by Each Reporting Person       26,582
                     

  12. Check if the Aggregate Amount Represented by Amount in Row (11) Excludes Certain Shares
(See Instructions)   (    )

  13.
Percent of Class Represented by Amount in Row (11)    Less than 1.00%
                                        

  14. Type of Reporting Person                        OO
 
 
 
  1

 
 
 
SCHEDULE 13D
CUSIP No. 84264A102 

  1. Seidman Investment Partnership, LP       22-3360359

  2. Check the Appropriate Box if a Member of a Group*
(a.)  (X)       (b.)  (   )

  3. SEC USE ONLY

  4.   
Source of Funds*
                      WC

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to items 2(d) or 2(e)  (    )

  6.
Citizenship or Place of Organization
                      New Jersey

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power       27,417
                  

8. Shared Voting Power      

9. Sole Dispositive Power       27,417                  

10. Shared Dispositive Power

  11. Aggregate Amount Beneficially Owned by Each Reporting Person       27,417                     

  12. Check if the Aggregate Amount Represented by Amount in Row (11) Excludes Certain Shares
(See Instructions)   (    )

  13.
Percent of Class Represented by Amount in Row (11)       1.02
                      

  14. Type of Reporting Person                        PN
 
 
 

 
 
SCHEDULE 13D
CUSIP No. 84264A102

  1. Seidman Investment Partnership II, LP       22-3603662

  2. Check the Appropriate Box if a Member of a Group*
(a.)  (X)       (b.)  (   )

  3. SEC USE ONLY

  4.   
Source of Funds*
                      WC

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to items 2(d) or 2(e)  (    )

  6.
Citizenship or Place of Organization
                      New Jersey

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power       24,216                  

8. Shared Voting Power

9. Sole Dispositive Power       24,216                  

10. Shared Dispositive Power

  11. Aggregate Amount Beneficially Owned by Each Reporting Person       24,216                     

  12. Check if the Aggregate Amount Represented by Amount in Row (11) Excludes Certain Shares
(See Instructions)   (    )

  13.
Percent of Class Represented by Amount in Row (11)       Less than 1.00%
                      

  14. Type of Reporting Person                        PN
 
 
 

 
 
SCHEDULE 13D
CUSIP No. 84264A102

  1.  Broad Park Investors, LLC       22-6759307

  2. Check the Appropriate Box if a Member of a Group*
(a.)  (X)       (b.)  (   )

  3. SEC USE ONLY

  4.   
Source of Funds*
                      WC

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to items 2(d) or 2(e)  (    )

  6.
Citizenship or Place of Organization
                      New Jersey

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power       26,873                  

8. Shared Voting Power

9. Sole Dispositive Power       26,873                  

10. Shared Dispositive Power

  11. Aggregate Amount Beneficially Owned by Each Reporting Person       26,873                     

  12. Check if the Aggregate Amount Represented by Amount in Row (11) Excludes Certain Shares
(See Instructions)   (    )

  13.
Percent of Class Represented by Amount in Row (11)       1.00
                     

  14. Type of Reporting Person                        OO
 
 
 

 
 
SCHEDULE 13D
CUSIP No. 84264A102 

  1. LSBK06-08, LLC    20-8067445

  2. Check the Appropriate Box if a Member of a Group*
(a.)  (X)       (b.)  (   )

  3. SEC USE ONLY

  4.   
Source of Funds*
                      WC

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to items 2(d) or 2(e)  (    )

  6.
Citizenship or Place of Organization
                      New Jersey

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power       18,760                  

8. Shared Voting Power

9. Sole Dispositive Power       18,760
                  

10. Shared Dispositive Power

  11. Aggregate Amount Beneficially Owned by Each Reporting Person       18,760                     

  12. Check if the Aggregate Amount Represented by Amount in Row (11) Excludes Certain Shares
(See Instructions)   (    )

  13.
Percent of Class Represented by Amount in Row (11)       Less than 1.00%
                                       

  14. Type of Reporting Person                        OO
 
 
 
5

 
 
 
 
SCHEDULE 13D
CUSIP No. 84264A102

  1. Lawrence B. Seidman       ###-##-####

  2. Check the Appropriate Box if a Member of a Group*
(a.)  (X)       (b.)  (   )

  3. SEC USE ONLY

  4.   
Source of Funds*
                      PF, WC

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to items 2(d) or 2(e)  (    )

  6.
Citizenship or Place of Organization
                      U.S.A.

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power       125,948
                  

8. Shared Voting Power

9. Sole Dispositive Power       125,948                  

10. Shared Dispositive Power

  11. Aggregate Amount Beneficially Owned by Each Reporting Person       125,948                     

  12. Check if the Aggregate Amount Represented by Amount in Row (11) Excludes Certain Shares
(See Instructions)   (    )

  13.
Percent of Class Represented by Amount in Row (11)       4.67
                       

  14. Type of Reporting Person                        IN
 
 
 

 
 
This statement on Schedule 13D which was filed on November 6, 2007, Amendment No. 1 which was filed on January 20, 2009, Amendment No. 2 which was filed on February 2, 2009,  Amendment No. 3 which was filed on March 16, 2009, Amendment No. 4 which was filed on April 9, 2009, Amendment No. 5 which was filed on December 9, 2009 and Amendment No. 6 which was filed on June 2, 2010 on behalf of Seidman and Associates, L.L.C (“SAL”), Seidman Investment Partnership, L.P. (“SIP”), Seidman Investment Partnership II, L.P. (“SIPII”), Broad Park Investors, L.L.C. (“Broad Park”), LSBK06-08, L.L.C., Lawrence Seidman individually (“Seidman”), Neal Axelrod ("Axelrod"), and Contrarian Hedged Equity, LP ("Contrarian"), collectively the “Reporting Persons” with respect to the Reporting Persons’ beneficial ownership of shares of Common stock (“the Shares”) of Southern Connecticut Bancorp, Inc., a Connecticut corporation, (“the Issuer”) is hereby amended as set forth below: Such statement on Schedule 13D is hereinafter referred to as the “Schedule 13D”. Terms used herein which are defined in the Schedule 13D shall have their respective meanings set forth in the Schedule 13D. 
 
5. Interest in Securities of the Issuer
 
(a)(b)(c) As of the close of business on June 3, 2010, the Reporting Persons owned beneficially an aggregate of 126,048 shares of Common Stock, which constituted approximately 4.67% of the 2,696,902 shares of Common Stock outstanding as of May 14, 2010, as disclosed in the Issuer's 10-Q for the period ended March 31, 2010.  The Reporting Persons own less than 5% of the outstanding common stock of the Company and therefore are not required to file any additional Schedule 13D amendments. 
 
Schedule A attached below describes transactions, except for previously reported transactions, in the Common Stock effected by the Reporting Persons within the past sixty (60 days).  Except as set forth in this Item 5, none of the Reporting Persons owns beneficially or has a right to acquire beneficial ownership of any Common Stock.
 

 
 
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:  June 4, 2010
  /ss/ Lawrence B. Seidman
 
Lawrence B. Seidman, Manager,
Seidman and Associates, L.L.C.
     
  /ss/ Lawrence B. Seidman
  Lawrence B. Seidman, President of the Corporate General Partner, Seidman Investment Partnership, L.P.
   
   /ss/ Lawrence B. Seidman
   Lawrence B. Seidman, President of the Corporate General Partner, Seidman Investment Partnership II, L.P.
   
 
 /ss/ Lawrence B. Seidman
  Lawrence B. Seidman, Investment Manager, Broad Park Investors, L.L.C.
   
   /ss/ Lawrence B. Seidman
  Lawrence B. Seidman, Investment Manager, LSBK06-08, L.L.C.
   
   /ss/ Lawrence B. Seidman
   Lawrence B. Seidman, Individually
   
   /ss/ Neal S. Axelrod
  Neal S. Axelrod
   
  /ss/ Lawrence B. Seidman 
  Lawrence B. Seidman, Investment Manager, Contrarian Hedged Equity, L.P.
 
 
 

 
          
 
Schedule A

 
Entity
Date
Sold
Sale
per
Share
Sale
Proceeds
Shares
         
SAL
6/2/2010
6.2949
25,179.57
-4,000
SIP
6/2/2010
6.2949
25,179.57
-4,000
SIPII
6/2/2010
6.2949
25,179.57
-4,000
LSBK
6/2/2010
6.2949
25,179.57
-4,000
Broad Park
6/2/2010
6.2949
25,179.57
-4,000
Total
   
125,897.85
-20,000
 
 
 
 
 
 
 
 
 
9

 
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