-----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, TyeNqsfZpe4V1c4/tTl0ya/W5VzN9fhRvDysmkq/w3IevlCYCTpJEdP9EAVeAAXR nfqmXAVM6sKjyxZvihGKgQ== 0000950156-07-000092.txt : 20070215 0000950156-07-000092.hdr.sgml : 20070215 20070215161126 ACCESSION NUMBER: 0000950156-07-000092 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070215 DATE AS OF CHANGE: 20070215 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MERCHANTS BANCSHARES INC CENTRAL INDEX KEY: 0000726517 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 030287342 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-34672 FILM NUMBER: 07627586 BUSINESS ADDRESS: STREET 1: 275 KENNEDY DRIVE CITY: SOUTH BURLINGTON STATE: VT ZIP: 05403 BUSINESS PHONE: 8026583400 MAIL ADDRESS: STREET 1: 275 KENNEDY DRIVE CITY: SOUTH BURLINGTON STATE: VT ZIP: 05403 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MERCHANTS BANCSHARES INC CENTRAL INDEX KEY: 0000726517 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 030287342 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 275 KENNEDY DRIVE CITY: SOUTH BURLINGTON STATE: VT ZIP: 05403 BUSINESS PHONE: 8026583400 MAIL ADDRESS: STREET 1: 275 KENNEDY DRIVE CITY: SOUTH BURLINGTON STATE: VT ZIP: 05403 SC 13G/A 1 merc_13g.txt BODY OF FORM 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 14) Merchants Bancshares, Inc. Common Stock Cusip Number 588448100 Item 1 a. Name of Issuer: Merchants Bancshares, Inc. b. Address of Issuer's Principal Executive offices: 275 Kennedy Drive S. Burlington, VT 05403 Item 2 a. Name of Person Filing: The Merchants Bank 401(k) ESOP Administration Committee Tax I.D. #03-0284573 b. Address of Principal Business Office or, if none, Residence: 275 Kennedy Drive S. Burlington, VT 05403 c. Citizenship: U.S.A d. Title of Class of Securities: Common Stock e. CUSIP Number 588448100 Item 3 Person Filing is a: f. Employee Benefit Plan (401(k) Employee Stock Ownership Plan) Item 4 Ownership a. Amount Beneficially Owed: As of December 31, 2006 498,925.000 shares were owned by The Merchants Bank 401(k) Employee Stock Ownership Plan. b. Percent of Class: 8.052% c. Number of shares as to which such person has: i. Sole power to vote or to direct the vote * ii. Shared power to vote or to direct the vote * iii. Sole power to dispose or to direct the disposition of * iv. Shared power to dispose or to direct the disposition of * The Merchants Bank 401(k) ESOP holds shares of Merchants Bancshares, Inc. for the benefit of the employee participants. If employee participants do not vote their shares, the 401(k) ESOP Administration Committee will vote their shares in accordance with the standard provisions of Section 404 of the Employee Retirement Income Security Act of 1974. Item 5 Ownership of Five Percent or Less of a Class: N/A Item 6 Ownership of More than Five Percent on Behalf of Another Person: The Merchants Bank 401(k) Employee Stock Ownership Plan is composed of employee participants who receive all dividends from, and the proceeds from the sale of said securities. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: N/A Item 8 Identification and Classification of Members of the Group: See Exhibit 1 Item 9 Notice of Dissolution of Group: N/A Item 10 Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes 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. February 15, 2007 ...................................................................... Date /s/ Janet P. Spitler ...................................................................... Signature Janet P. Spitler, Chief Financial Officer, and Member of Retirement Plan Administration Committee. Exhibit 1 Position with Position Name Merchants Bancshares with Bank Michael W. Breen VP & Corporate Banking Officer Thomas R. Havers SVP & Senior Operations & Information System Officer Janet P. Spitler Treasurer VP & CFO David J. Bosworth Trust Investment Officer, Merchants Trust Company Andrew T. Kloeckner VP & Deposit Compliance Officer -----END PRIVACY-ENHANCED MESSAGE-----