0001193805-05-000075.txt : 20120629 0001193805-05-000075.hdr.sgml : 20120629 20050125163725 ACCESSION NUMBER: 0001193805-05-000075 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050125 DATE AS OF CHANGE: 20050125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Royal Financial, Inc. CENTRAL INDEX KEY: 0001303531 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-80300 FILM NUMBER: 05547509 BUSINESS ADDRESS: STREET 1: 9226 S. COMMERCIAL AVENUE CITY: CHICAGO STATE: IL ZIP: 60617 BUSINESS PHONE: 773-768-4800 MAIL ADDRESS: STREET 1: 9226 S. COMMERCIAL AVENUE CITY: CHICAGO STATE: IL ZIP: 60617 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TIMYAN PHILIP J CENTRAL INDEX KEY: 0001132425 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 3045 CENTRAL AVENUE CITY: WESTER SPRINGS STATE: IL ZIP: 30538 BUSINESS PHONE: 7083467022 MAIL ADDRESS: STREET 1: 3045 CENTRAL AVENUE CITY: WESTERN SPRINGS STATE: IL ZIP: 30538 SC 13G 1 e500046_sc13g-royalfinancial.txt SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------------- SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13D-1(B) (C), AND (D) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(b) Royal Financial, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------------------------------- (Title of Class of Securities) 78027P1093 -------------------------------------------------------------------------------- (CUSIP Number) January 21, 2005 -------------------------------------------------------------------------------- (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) |X| Rule 13d-1 (c) |_| Rule 13d-1 (d) CUSIP No. 78027P1093 13G -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Philip J. Timyan -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 203,400 shares ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 15,000 OWNED BY ----------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 203,400 shares WITH ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 56,000 -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 259,400 shares -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.81% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 5 Item 1(a). Name of Issuer: Royal Financial, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 9226 South Commercial Avenue Chicago, Illinois 60017 Item 2(a). Name of Person Filing: This Schedule 13G is being filed with respect to shares of Common Stock of the Issuer which are beneficially owned by Philip J. Timyan. See Item 4 below. Item 2(b). Address of Principal Business Office, or, if None, Residence: c/o Riggs Partners 4324 Central Avenue Western Springs, Illinois 60558 Item 2(c). Citizenship: Mr. Timyan is a United States Citizen. Item 2(d). Title of Class of Securities: Common Stock, no par value Item 2(e). CUSIP NUMBER: 78027P1093 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person Filing is a: (a) |_| Broker or dealer registered under Section 15 of the Act. (b) |_| Bank as defined in Section 3(a)(6) of the Act. (c) |_| Insurance Company as defined in Section 3(a)(19) of the Act. (d) |_| Investment Company registered under Section 8 of the Investment Company Act. (e) |_| Investment Adviser in accordance with Sec. 240.13d-1(b)(1)(ii)(E). (f) |_| Employee Benefit Plan or Endowment Fund in accordance with Sec. 240.13d-1(b)(1)(ii)(F). (g) |_| Parent holding company, in accordance with Sec. 240.13d-1(b)(ii)(G). (h) |_| A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) |_| A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940. (j) |_| Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Sec. 240.13d01(c), check this box |X| Page 3 of 5 Item 4. Ownership. (a) Amount beneficially owned: 259,400 (comprised of 203,400 shares held by Riggs Qualified Partners, LLC, a Delaware limited liability company of which Mr. Timyan is managing member, 41,000 shares held by RAM T, L.P., an entity not controlled by Mr. Timyan over which shares Mr. Timyan possesses shared dispositive power and 15,000 shares held in a joint account with Mr. Timyan's wife. (b) Percent of class: 9.81% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 203,400 (ii) Shared power to vote or to direct the vote 15,000 (iii) Sole power to dispose or to direct the disposition of 203,400 (iv) Shared power to dispose or to direct the disposition of 56,000 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 [ ]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares reported herein. In this regard, as described in Item 4(a) above, 203,400 of the shares reported herein are held by Riggs Qualified Partners, LLC, the managing member of which is Mr. Timyan. Accordingly, Riggs Qualified Partners, LLC has the right to receive dividends and sale proceeds from such securities. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Reported on by the Parent Holding Company or Control Person. See Item 4(a). Item 8. Identification and Classification of members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Page 4 of 5 Item 10. Certification. By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. 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 and correct. January 25, 2005 ----------------------------- (Date) /s/ Philip J. Timyan ----------------------------- (Signature) Philip J. Timyan ----------------------------- (Name/Title) Page 5 of 5