-----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, CHAtG0NzRyiPBDs2Ie+XNwcu6WzBDmK6fEZNLZAsJYeswtDiimzegQr78+P6uDG+ wZyvIuMmRek50bKc5Pfyrg== 0001144204-11-005932.txt : 20110204 0001144204-11-005932.hdr.sgml : 20110204 20110204114233 ACCESSION NUMBER: 0001144204-11-005932 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110204 DATE AS OF CHANGE: 20110204 GROUP MEMBERS: JAMES P. MCCREADY FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Bauer Roland Humphreys CENTRAL INDEX KEY: 0001320739 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: 3093 ATHENS ROAD CITY: SILVER LAKE STATE: OH ZIP: 44224 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WESTERN RESERVE BANCORP INC CENTRAL INDEX KEY: 0001051473 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 311566623 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81404 FILM NUMBER: 11573161 BUSINESS ADDRESS: STREET 1: 4015 MEDINA ROAD STREET 2: SUITE 100 CITY: MEDINA STATE: OH ZIP: 44256 BUSINESS PHONE: 3307643131 MAIL ADDRESS: STREET 1: P.O. BOX 585 STREET 2: N/A CITY: MEDINA STATE: OH ZIP: 44258-0585 SC 13G/A 1 v209976_sc13ga.htm

 
SCHEDULE 13G
 
(Rule 13d-102)

Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c) and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2.
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
Under the Securities Exchange Act of 1934
(Amendment No. 5)*

Western Reserve Bancorp, Inc.
(Name of Issuer)

Common Stock, no par value, $1.00 stated value
(Title of Class of Securities)

959330 10 1
(Cusip Number)

December 31, 2010
(Date of Event Which Requires Filing of this Statement)

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

o
 
Rule 13d-1(b)
 
o
 
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).
 
 
 
13G

CUSIP No.   959330 10 1
 
 
1.
Names of Reporting Person:      I.R.S. Identification Nos. of above persons (entities only):
   
James P. McCready
 
 
2.
Check the Appropriate Box if a Member of a Group:
   
(a)  o
  
   
(b)  x
  
 
 
3.
 
SEC Use Only
 
 
4.
 
 
Citizenship or Place of Organization:   U.S.A.
 
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
    
5.
 
 
Sole Voting Power:
31,675 (1)
 
6.
 
 
Shared Voting Power:
0
 
7.
 
 
Sole Dispositive Power:
31,675 (1)
 
8.
 
 
 
Shared Dispositive Power:
0
 
9.
 
 
Aggregate Amount Beneficially Owned by Each Reporting Person:
31,675
 
 
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o
 
 
11.
 
 
 
 
Percent of Class Represented by Amount in Row (9):
5.40 % (Based on 586,084 shares of common stock outstanding
 as of 12/31/10)
 
 
12.
 
Type of Reporting Person:  IN
 
 
 
 
 
 
 

 
CUSIP No.   959330 10 1
 
 
1.
Names of Reporting Person:      I.R.S. Identification Nos. of above persons (entities only):
   
Roland H. Bauer, Trustee for James P. McCready-Medina Trust
 
 
2.
Check the Appropriate Box if a Member of a Group:
   
(a)  o
  
   
(b)  x
  
 
 
3.
 
SEC Use Only
 
 
4.
 
 
Citizenship or Place of Organization:  U.S.A.
 
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
    
5.
 
 
Sole Voting Power:
35,132 (1)
 
6.
 
 
Shared Voting Power:
0
 
7.
 
 
Sole Dispositive Power:
35,132 (1)
 
8.
 
 
 
Shared Dispositive Power:
0
 
9.
 
 
Aggregate Amount Beneficially Owned by Each Reporting Person:
35,132
 
 
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
Not applicable.
o
 
 
11.
 
 
 
 
Percent of Class Represented by Amount in Row (9):
5.98% (Based on 586,084 shares of common stock outstanding
as of 12/31/10)
 
12.
 
Type of Reporting Person:  IN
 

 
 
 
 

 
Item 1.
 
(a)
 
 
Name of Issuer:
 
Western Reserve Bancorp, Inc.
 
(b)
 
 
 
 
Address of Issuer's Principal Executive Offices:
 
4015 Medina Road
Medina, Ohio 44256
 
 
Item 2.
 
(a)
 
 
Name of Persons Filing:
1)  James P. McCready
2)  Roland H. Bauer, Trustee for James P. McCready-Medina Trust
 
 
(b)
 
 
 
Address of Principal Business Offices or, if None, Residence:
1)  670 W. Market Street
      Akron, OH  44308
2)   670 W. Market Street
      Akron, OH  44308
     
 
(c)
 
 
Citizenship:
1)  U.S.A.
2)  U.S.A.
 
 
(d)
 
 
Title of Class of Securities:
Common Stock, no par value, $1.00 stated value
 
(e)
 
 
CUSIP Number:  959330 10 1
 
 
Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
 
(a)
 
o
 
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
 
 
(b)
 
o
 
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
 
 
(c)
 
o
 
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
 
 
(d)
o
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
 
(e)
 
o
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
 
 
 
 
 
 

 
 
(f)
o
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
 
 
(g)
o
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
 
 
(h)
o
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
 
(i)
o
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 (15 U.S.C. 80a-3);
 
 
(j)
o
Group, in accordance with §240.13d-1(b)(1)(ii)(J).

   

Item 4.
 
Ownership.
 
 
(a)
 
 
Amount beneficially owned:
1)  31,675 (1)
2)  35,132 (1)
     
 
(b)
 
 
Percent of class:
1)  5.40 %
2)  5.98 %
     
 
(c)
Number of shares as to which the person has:
   
(i)
 
 
Sole power to vote or to direct the vote
1)  31,675 (1)
2)  35,132 (1)
       
   
(ii)
 
 
Shared power to vote or to direct the vote
1)  0
2)  0
       
   
(iii)
 
 
Sole power to dispose or to direct the disposition of
1)  31,675 (1)
2)  35,132 (1)
       
   
(iv)
 
 
Shared power to dispose or to direct the disposition of
1)  0
2)  0

 
 
 
 
 

 
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  [X]. (2)
 
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
 

 
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:
February 3, 2011
   
 
/s/ James P. McCready
 
 James P. McCready
   
 
/s/ Roland H. Bauer, Trustee
 
Roland H. Bauer, Trustee
 
 Trustee for James P. McCready-Medina Trust
 
 
(1)
Roland H. Bauer acts as Trustee for the James P. McCready-Medina Trust, which holds 30,050 common shares of Western Reserve Bancorp, Inc.  The trust vests sole dispositive and voting powers with the trustee.  However, under the terms of the trust, James P. McCready must renew the trust annually on the first business day occurring four months after the last transfer of assets to the trust in the prior year, which date was January 3, 2011 this year, or ownership of the shares will revert back to Mr. McCready.  Mr. Bauer maintains no pecuniary interest in the common shares held under the trust and disclaims actual beneficial ownership thereof.
   
(2)
As of December 31, 2010, Mr. McCready was deemed to be a beneficial owner of the 30,050 common shares of Western Reserve Bancorp, Inc. held in the James P. McCready-Medina Trust by virtue of the pending expiration of the trust on January 3, 2011.  Mr. McCready exercised his authority under the trust to renew the trust on that date.  The renewal provides that the sole voting and dispositive powers with respect to the common shares will continue to be vested in Mr. Bauer in his capacity as trustee.  Consequently, as of the date of this filing, Mr. McCready is not a beneficial owner of the common shares held in the trust.

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