0001193125-12-062693.txt : 20120215 0001193125-12-062693.hdr.sgml : 20120215 20120215112455 ACCESSION NUMBER: 0001193125-12-062693 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120215 DATE AS OF CHANGE: 20120215 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Carroll Bancorp, Inc. CENTRAL INDEX KEY: 0001515069 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 275463184 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-86718 FILM NUMBER: 12614812 BUSINESS ADDRESS: STREET 1: 1321 LIBERTY ROAD CITY: SYKESVILLE STATE: MD ZIP: 21784 BUSINESS PHONE: 410-795-1900 MAIL ADDRESS: STREET 1: 1321 LIBERTY ROAD CITY: SYKESVILLE STATE: MD ZIP: 21784 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Carroll Community Bank Employee Stock Ownership Plan CENTRAL INDEX KEY: 0001542449 IRS NUMBER: 520504310 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1321 LIBERTY ROAD CITY: SYKESVILLE STATE: MD ZIP: 21784 BUSINESS PHONE: 410-795-1900 MAIL ADDRESS: STREET 1: 1321 LIBERTY ROAD CITY: SYKESVILLE STATE: MD ZIP: 21784 SC 13G 1 d300683dsc13g.htm SCHEDULE 13G 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 RULE 13d-2(b)

(Amendment No.     )*

 

 

Carroll Bancorp, Inc.

(Name of Issuer)

 

 

Common Stock, Par Value $0.01 Per Share

(Title of Class of Securities)

144702107

(CUSIP Number)

October 12, 2011

(Date of Event Which Requires Filing of this Statement)

 

 

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

x 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 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).

 

 

 

  1   

NAMES OF REPORTING PERSONS:

 

Carroll Community Bank Employee Stock Ownership Plan

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 

52-0504310

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

     Maryland

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    

SOLE VOTING POWER

 

    20,489

   6   

SHARED VOTING POWER

 

    1,078

   7   

SOLE DISPOSITIVE POWER

 

    21,567

   8   

SHARED DISPOSITIVE POWER

 

    0

  9

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    21,567

10

  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    6.0% of 359,456 shares of common stock outstanding as of October 12, 2011

12

  

TYPE OF REPORTING PERSON*

 

    EP

 

* SEE INSTRUCTION BEFORE FILLING OUT!

 

2

Item 1  

(a).

    Name of Issuer:      
     Carroll Bancorp, Inc.      
Item 1  

(b).

    Address of Issuer’s Principal Executive Officer:      
    

1321 Liberty Road

Sykesville, MD 21784

      
Item 2  

(a).

    Name of Person(s) Filing:      
     Carroll Community Bank Employee Stock Ownership Plan (“ESOP”).      
Item 2  

(b).

    Address of Principal Business Office:      
     Same as Item 1(b).      
Item 2  

(c).

    Citizenship:      
     Maryland      
Item 2  

(d).

    Title of Class of Securities:      
     Common Stock, par value $0.01 per share      
Item 2  

(e).

    CUSIP Number:      
     144702107      
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:   
 

(f)

    x    An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
 

Items (a), (b), (c), (d), (e), (g), (h), (i), and (j) are not applicable. This Schedule 13G is being filed on behalf of the ESOP identified in Item 2(a), filing under the Item 3(f) classification.

 

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Item 4.    Ownership.      
   (a)    Amount Beneficially Owned: See Row 9 of the second part of the cover page.      
   (b)    Percent of Class: See Row 11 of the second part of the cover page.      
   (c)    See Rows 5, 6, 7, and 8 of the second part of the cover page.      
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.      
  

Russell J. Grimes and Michael J. Gallina are the trustees (“Trustees”) of the trust (the “Trust”) created pursuant to the ESOP which holds 20,489 shares of common stock which have not been allocated to the accounts of participating employees to date, will be voted by the Trustees pursuant to the terms of the ESOP and may be deemed to be beneficially owned by the Trust. In addition, a total of 1,078 shares held in the Trust have been allocated to the accounts of participating employees to date, will be voted by the Trustees pursuant to such participating employees’ direction and, as a result of such shared voting power, are included in the shares beneficially owned by the Trust.

      
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.      
  

By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.

      

 

4

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.

CARROLL COMMUNITY BANK

EMPLOYEE STOCK OWNERSHIP PLAN TRUST

This report is not an admission that the Plan Trustees are the beneficial owners of any securities covered by this report, and the Plan Trustees expressly disclaim beneficial ownership of all shares reported herein pursuant to Rule 13d-4, other than shares allocated to the individual accounts of the Plan Trustees, as applicable, over which they have voting power.

By Its Trustees:

 

/s/ Russell J. Grimes

    

February 15, 2012

Russell J. Grimes, as Trustee     Date

/s/ Michael J. Gallina

    

February 15, 2012

Michael J. Gallina, as Trustee     Date

 

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