ASB Bancorp, Inc.
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(Name of Issuer)
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Common Stock, par value $0.01 per share
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(Title of Class of Securities)
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00213T 109
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(CUSIP Number of Class of Securities)
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December 31, 2014
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(Date of Event which Requires Filing of this Statement)
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☒
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Rule 13d-1(b)
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☐ | Rule 13d-1(c) |
☐ | Rule 13d-1(d) |
CUSIP No. 00213T 109
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1
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NAMES OF REPORTING PERSONS
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Asheville Savings Bank, S.S.B. Employee Stock Ownership Plan Trust
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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State of North Carolina
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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345,253
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6
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SHARED VOTING POWER
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98,624
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7
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SOLE DISPOSITIVE POWER
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443,877
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8
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SHARED DISPOSITIVE POWER
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0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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443,877
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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10.1% (1)
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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EP
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(1)
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Based on 4,378,411 shares of common stock outstanding as of December 31, 2014.
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Item 1.
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(a)
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Name of Issuer: ASB Bancorp, Inc.
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(b)
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Address of Issuer’s Principal Executive Offices
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Item 2.
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(a)
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Name of Person(s) Filing:
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(b)
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Address of Principal Business Office:
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(c)
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Citizenship: See page 2, Item 4.
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(d)
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Title of Class of Securities: Common Stock, par value $0.01 per share
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(e)
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CUSIP Number: 00213T 109
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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: |
(f)
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☒ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
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Item 4. | Ownership |
(a)
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Amount Beneficially Owned
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(b)
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Percent of Class
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(c)
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Number of Shares as to Which the Person Has:
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(i)
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Sole power to vote or to direct the vote: See page 2, Item 5.
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(ii)
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Shared power to vote or to direct to vote: See page 2, Item 6.
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(iii)
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Sole power to dispose or to direct the disposition of: See page 2, Item 7.
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(iv)
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Shared power to dispose or to direct the disposition of: See page 2, Item 8.
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Item 5. | Ownership of Five Percent or Less of a Class |
Item 6. | Ownership of More than Five Percent on Behalf of Another Person |
Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
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Item 8.
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Identification and Classification of Members of the Group.
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Item 9.
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Notice of Dissolution of Group.
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Item 10.
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Certification pursuant to Rule 13d-1(c):
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/s/ William J. Pieper |
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Signature |
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Pentegra Trust Company, as Trustee for the Asheville
Savings Bank, S.S.B. Employee Stock Ownership Plan
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By: William J. Pieper |
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Title: Senior Vice President, Pentegra Trust Company |
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