0001398344-13-000609.txt : 20130208 0001398344-13-000609.hdr.sgml : 20130208 20130208172039 ACCESSION NUMBER: 0001398344-13-000609 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130208 DATE AS OF CHANGE: 20130208 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DCB FINANCIAL CORP CENTRAL INDEX KEY: 0001025877 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 311469837 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78240 FILM NUMBER: 13587886 BUSINESS ADDRESS: STREET 1: 110 RIVERBEND AVE. CITY: LEWIS CENTER STATE: OH ZIP: 43035 BUSINESS PHONE: 740-657-7000 MAIL ADDRESS: STREET 1: 110 RIVERBEND AVE. CITY: LEWIS CENTER STATE: OH ZIP: 43035 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: M3 PARTNERS LP CENTRAL INDEX KEY: 0001426094 IRS NUMBER: 260838223 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 10 EXCHANGE PLACE STREET 2: SUITE 510 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 BUSINESS PHONE: (202) 246-9200 MAIL ADDRESS: STREET 1: 10 EXCHANGE PLACE STREET 2: SUITE 510 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 SC 13G/A 1 fp0006348_sc13g.htm fp0006348_sc13g.htm
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

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(b)
 
(Amendment No. 1)

DCB FINANCIAL CORP
(Name of Issuer)
 
Common Stock, No Par Value
(Title of Class of Securities)
 
233075100
(CUSIP Number)
 
December 31, 2012
(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)
 
 
*           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 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).

(Continued on following pages)
 
 
 
 
 
CUSIP NO.                      233075100
13G
Page 2 of 9 Pages
 
1
NAMES OF REPORTING PERSONS
 
M3 FUNDS, LLC
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
  
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
STATE OF DELAWARE, UNITED STATES OF AMERICA
  
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
5
SOLE VOTING POWER
 
N/A
6
SHARED VOTING POWER
 
521,208  shares of Common Stock
7
SOLE DISPOSITIVE POWER
 
N/A
8
SHARED DISPOSITIVE POWER
 
521,208 shares of Common Stock
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
521,208 shares of Common Stock
  
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
 
[   ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
7.2% of the outstanding shares of Common Stock
  
12
TYPE OF REPORTING PERSON
 
OO (Limited Liability Company)
  
 
 
 
 
 
CUSIP NO.                      233075100
13G
Page 3 of 9 Pages
 
1
NAMES OF REPORTING PERSONS
 
M3 PARTNERS, LP
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
  
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
STATE OF DELAWARE, UNITED STATES OF AMERICA
  
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
5
SOLE VOTING POWER
 
N/A
6
SHARED VOTING POWER
 
521,208 shares of Common Stock
7
SOLE DISPOSITIVE POWER
 
N/A
8
SHARED DISPOSITIVE POWER
 
521,208 shares of Common Stock
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
521,208 shares of Common Stock
  
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
 
[   ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
7.2% of the outstanding shares of Common Stock
  
12
TYPE OF REPORTING PERSON
 
PN (Limited Partnership)
  
 
 
 
 
 
CUSIP NO.                      233075100
13G
Page 4 of 9 Pages
 
1
NAMES OF REPORTING PERSONS
 
M3F, INC.
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
  
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
STATE OF UTAH, UNITED STATES OF AMERICA
  
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
5
SOLE VOTING POWER
 
N/A
6
SHARED VOTING POWER
 
521,208 shares of Common Stock
7
SOLE DISPOSITIVE POWER
 
N/A
8
SHARED DISPOSITIVE POWER
 
521,208 shares of Common Stock
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
521,208 shares of Common Stock
  
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
 
[   ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
7.2% of the outstanding shares of Common Stock
  
12
TYPE OF REPORTING PERSON
 
CO, IA
  
 
 
 
 
 
CUSIP NO.                      233075100
13G
Page 5 of 9 Pages
 
1
NAMES OF REPORTING PERSONS
 
Jason A. Stock
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
  
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
UNITED STATES OF AMERICA
  
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
5
SOLE VOTING POWER
 
N/A
6
SHARED VOTING POWER
 
521,208 shares of Common Stock
7
SOLE DISPOSITIVE POWER
 
N/A
8
SHARED DISPOSTIVE POWER
 
521,208 shares of Common Stock
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
521,208 shares of Common Stock
  
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
 
[   ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
7.2% of the outstanding Common Stock
  
12
TYPE OF REPORTING PERSON
 
IN
  
 
 
 
 
 
CUSIP NO.                      233075100
13G
Page 6 of 9 Pages
 
1
NAMES OF REPORTING PERSONS
 
William C. Waller
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
  
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
UNITED STATES OF AMERICA
  
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
5
SOLE VOTING POWER
 
N/A
6
SHARED VOTING POWER
 
521,208 shares of Common Stock
7
SOLE DISPOSITIVE POWER
 
N/A
8
SHARED DISPOSITIVE POWER
 
521,208 shares of Common Stock
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
521,208 shares of Common Stock
  
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
 
[   ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
7.2% of the outstanding Common Stock
  
12
TYPE OF REPORTING PERSON
 
IN
  
 
 
 
 
 
Item 1.
(a)
Name of Issuer:
     
   
DCB Financial Corp (the “Issuer”)
     
 
(b)
Address of Issuer’s Principal Executive Offices:
     
   
110 Riverbend Avenue
   
Lewis Center, Ohio 43035
     
Item 2.
(a)
Name of Persons Filing:
     
   
M3 Funds, LLC
   
M3 Partners, LP
   
M3F, Inc.
   
Jason A. Stock
   
William C. Waller
     
 
(b)
Address of Principal Business Office or, if None, Residence:
     
   
For all persons filing:
     
   
10 Exchange Place, Suite 510
   
Salt Lake City, UT  84111
     
 
(c)
Citizenship:
     
   
M3 Funds, LLC is a Delaware limited liability company
   
M3 Partners, LP is a Delaware limited partnership
   
M3F, Inc. is a Utah corporation
   
Mr. Stock and Mr. Waller are United States citizens
     
 
(d)
Title of Class of Securities:
     
   
Common Stock, No Par Value
     
 
(e)
CUSIP Number:
     
   
233075100
     
Item 3.
If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
     
 
Not applicable. Filed pursuant to Rule 13d-1(c).
 
 
 
 
 
Item 4.
Ownership.

     
M3 Funds, LLC
M3 Partners, LP
M3F, Inc.
Jason A. Stock
William C. Waller
(a)
Amount Beneficially Owned:
521,208
521,208
521,208
521,208
521,208
(b)
Percent of Class:
7.2%
7.2%
7.2%
7.2%
7.2%
(c)
Number of Shares to Which Reporting Person Has:
      
 
(i)
 Sole Voting Power:
N/A
N/A
N/A
N/A
N/A
 
(ii)
 Shared Voting Power:
521,208
521,208
521,208
521,208
521,208
 
(iii)
 Sole Dispositive Power:
N/A
N/A
N/A
N/A
N/A
 
(iv)
 Shared Dispositive Power:
521,208
521,208
521,208
521,208
521,208

The reported shares are the Issuer’s common stock, no par value.

As of December 31, 2012, all 521,208 of the reported shares are owned directly by M3 Partners, L.P. (“M3 Partners”), whose general partner is M3 Funds, LLC (the “General Partner”) and whose investment adviser is M3F, Inc. (the “Investment Adviser”).  The General Partner and the Investment Adviser could each be deemed to be indirect beneficial owners of the reported shares, and could be deemed to share such beneficial ownership with M3 Partners.

Jason A. Stock and William C. Waller are the managers of the General Partner and the managing directors of the Investment Adviser, and could be deemed to share such indirect beneficial ownership with the General Partner, the Investment Adviser and M3 Partners.

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.

Not applicable.
 
 
 
 

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

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.

By signing below, each of the undersigned certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 
 
 
 
Signature

After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this Statement is true, complete and correct.

 
Date: February 8, 2013
  
       
 
M3 PARTNERS, LP
  
       
 
By:
M3 Funds, LLC, General Partner
  
       
 
By:
/s/ Jason A. Stock
  
 
Name:
Jason A. Stock
  
 
Title:
Manager
  
       
       
 
Date: February 8, 2013
  
       
 
M3 FUNDS, LLC
  
       
 
By:
/s/ Jason A. Stock
  
 
Name:
Jason A. Stock
  
 
Title:
Manager
  
       
       
 
Date: February 8, 2013
  
       
 
M3F, INC.
  
       
 
By:
/s/ Jason A. Stock
  
 
Name:
Jason A. Stock
  
 
Title:
Managing Director
  
       
       
 
Date: February 8, 2013
  
       
 
/s/ Jason A. Stock
  
 
Jason A. Stock
  
       
       
 
Date: February 8, 2013
  
       
 
/s/ William C. Waller
  
 
William C. Waller