0001140361-15-007534.txt : 20150218 0001140361-15-007534.hdr.sgml : 20150216 20150217170241 ACCESSION NUMBER: 0001140361-15-007534 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150217 DATE AS OF CHANGE: 20150217 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ASB Bancorp Inc CENTRAL INDEX KEY: 0001520300 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 453463413 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86449 FILM NUMBER: 15624043 BUSINESS ADDRESS: STREET 1: 11 CHURCH STREET CITY: ASHEVILLE STATE: NC ZIP: 28801 BUSINESS PHONE: 828-254-7411 MAIL ADDRESS: STREET 1: 11 CHURCH STREET CITY: ASHEVILLE STATE: NC ZIP: 28801 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Asheville Savings Bank SSB Employee Stock Ownership Plan CENTRAL INDEX KEY: 0001540465 IRS NUMBER: 560125550 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 11 CHURCH STREET CITY: ASHEVILLE STATE: NC ZIP: 28801 BUSINESS PHONE: 828-254-7411 MAIL ADDRESS: STREET 1: 11 CHURCH STREET CITY: ASHEVILLE STATE: NC ZIP: 28801 SC 13G/A 1 formsc13ga.htm ASHEVILLE SAVINGS BANK SC 13G A NO3 12-31-2014 (ASB BANCORP INC)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934
(Amendment No. 3)*
 
ASB Bancorp, Inc.
 (Name of Issuer)

Common Stock, par value $0.01 per share
 (Title of Class of Securities)

00213T 109
(CUSIP Number of Class of Securities)
 
December 31, 2014
(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)
☐ 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 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).
 
 
 CUSIP No.  00213T 109
 
 
 
 
 SCHEDULE 13G
1
NAMES OF REPORTING PERSONS
 
 
 
 
Asheville Savings Bank, S.S.B. Employee Stock Ownership Plan Trust
 
 
 
 
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 North Carolina
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
345,253
 
 
 
 
6
SHARED VOTING POWER
 
 
98,624
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
443,877
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
443,877
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
☐
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
10.1% (1)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
EP 
 
 
 
 
(1)
Based on 4,378,411 shares of common stock outstanding as of December 31, 2014.
 
SCHEDULE 13G

Item 1.
 

(a)
Name of Issuer: ASB Bancorp, Inc.

(b)
Address of Issuer’s Principal Executive Offices

11 Church Street
Asheville, North Carolina 28801

Item 2.
 

(a)
Name of Person(s) Filing:

Asheville Savings Bank, S.S.B. Employee Stock Ownership Plan Trust (“ESOP”)

(b)
Address of Principal Business Office:

c/o Pentegra Services, Inc.
2 Enterprise Drive, Suite 408
Shelton, CT  06484

(c)
Citizenship: See page 2, Item 4.

(d)
Title of Class of Securities:  Common Stock, par value $0.01 per share

 
(e)
CUSIP Number:  00213T 109

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)
☒   An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

Item 4. Ownership

 
(a)
Amount Beneficially Owned

See page 2, Item 9.

(b)
Percent of Class

See page 2, Item 11.

(c)
Number of Shares as to Which the Person Has:

 
(i)
Sole power to vote or to direct the vote: See page 2, Item 5.

 
(ii)
Shared power to vote or to direct to vote:  See page 2, Item 6.

 
(iii)
Sole power to dispose or to direct the disposition of:  See page 2, Item 7.

 
(iv)
Shared power to dispose or to direct the disposition of:  See page 2, Item 8.

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

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 pursuant to Rule 13d-1(c):
 
By signing below I certify that, to the best of my 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 my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Dated:  February 17, 2015
/s/ William J. Pieper
 
  Signature
 

Pentegra Trust Company, as Trustee for the Asheville
Savings Bank, S.S.B. Employee Stock Ownership Plan
By: William J. Pieper
 
Title: Senior Vice President, Pentegra Trust Company