-----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, Sll8VGM7AJ1jc+TnKO+EiBwbyqIEWpRHZk7joPSPcMYaDbbZOiXYQQsAPsxTwdug L1M/9BZni04iuE4HI3prsQ== 0000909654-06-000531.txt : 20060214 0000909654-06-000531.hdr.sgml : 20060214 20060214135910 ACCESSION NUMBER: 0000909654-06-000531 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060214 DATE AS OF CHANGE: 20060214 GROUP MEMBERS: HERBERT N. REDMOND, JR. GROUP MEMBERS: LOUIS P. JENKINS, JR. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRI COUNTY FINANCIAL CORP /MD/ CENTRAL INDEX KEY: 0000855874 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 520692188 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-50051 FILM NUMBER: 06612214 BUSINESS ADDRESS: STREET 1: 3035 LEONARDTOWN RD STREET 2: P O BOX 38 CITY: WALDORF STATE: MD ZIP: 20601 BUSINESS PHONE: 3016455601 MAIL ADDRESS: STREET 1: 3035 LEONARDTOWN ROAD CITY: WALDORF STATE: MD ZIP: 20601 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COMMUNITY BANK OF TRI-COUNTY EMPLOYEE STOCK OWNERSHIP PLAN CENTRAL INDEX KEY: 0000923385 IRS NUMBER: 522054674 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 30351 LEONARDTOWN ROAD CITY: WALDORF STATE: MD ZIP: 20602 BUSINESS PHONE: 3018430854 MAIL ADDRESS: STREET 1: 30351 LEONARDTOWN ROAD CITY: WALDORF STATE: MD ZIP: 20602 FORMER COMPANY: FORMER CONFORMED NAME: TRI-COUNTY FEDERAL SAVINGS BANK EMP ST OWNERSHIP PLAN DATE OF NAME CHANGE: 19940518 SC 13G/A 1 tricounty13gano10feb-06.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 10)(1) TRI-COUNTY FINANCIAL CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 89546L 10 7 - -------------------------------------------------------------------------------- (CUSIP Number) DECEMBER 31, 2005 - -------------------------------------------------------------------------------- (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) /X/ Rule 13d-1(c) /_/ Rule 13d-1(d) - -------------------- (1) 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). Page 1 of 7 pages - -------------------------------------------------------------------------------- CUSIP NO. 89546L 10 7 13G/A PAGE 2 OF 7 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS: COMMUNITY BANK OF TRI-COUNTY EMPLOYEE STOCK OWNERSHIP PLAN TRUST I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 52-2054674 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) /_/ (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION STATE OF MARYLAND - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 7,528 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER 116,061 OWNED BY EACH -------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER 7,528 PERSON WITH -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 116,061 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 123,589 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES /_/ - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.02% (1) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * EP - -------------------------------------------------------------------------------- (1) Based on 1,760,991 shares outstanding as of December 31, 2005. - -------------------------------------------------------------------------------- CUSIP NO. 89546L 10 7 13G PAGE 3 OF 7 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS: LOUIS P. JENKINS, JR. I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) /_/ (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES OF AMERICA - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 10,003 (INCLUDES 7,528 NUMBER OF UNALLOCATED SHARES HELD BY THE SHARES ESOP AND EXCLUDES 12,037 SHARES BENEFICIALLY SUBJECT TO OPTIONS) OWNED BY ----------------------------------------------------------- EACH 6 SHARED VOTING POWER 116,061 (1) REPORTING PERSON ----------------------------------------------------------- WITH 7 SOLE DISPOSITIVE POWER 10,003 (INCLUDES 7,528 UNALLOCATED SHARES HELD BY THE ESOP AND EXCLUDES 12,037 SHARES SUBJECT TO OPTIONS) ----------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 116,061 (1) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 138,101 (INCLUDES 12,037 SHARES SUBJECT TO OPTIONS) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* /_/ - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.79% (2) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN - -------------------------------------------------------------------------------- (1) Consists of shares held by the Tri-County Financial Corporation Employee Stock Ownership Plan Trust ("ESOP Trust"), of which the reporting person serves as a trustee. (2) Based on 1,760,991 shares outstanding as of December 31, 2005, plus 12,037 shares that the reporting person may acquire within 60 days by exercising stock options. - -------------------------------------------------------------------------------- CUSIP NO. 89546L 10 7 13G PAGE 4 OF 7 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS: HERBERT N. REDMOND, JR. I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) /_/ (b) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES OF AMERICA - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 12,077 (INCLUDES 7,528 NUMBER OF UNALLOCATED SHARES HELD BY SHARES THE ESOP AND EXCLUDES 21,900 BENEFICIALLY SHARES SUBJECT TO OPTIONS) OWNED BY ----------------------------------------------------------- EACH 6 SHARED VOTING POWER 116,061 (1) REPORTING PERSON ----------------------------------------------------------- WITH 7 SOLE DISPOSITIVE POWER 12,077 (INCLUDES 7,528 UNALLOCATED SHARES HELD BY THE ESOP AND EXCLUDES 21,900 SHARES SUBJECT TO OPTIONS) ----------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 116,061 (1) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 150,038 (INCLUDES 21,900 SHARES SUBJECT TO OPTIONS) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES /_/ - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.42% (2) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- (1) Consists of shares held by the ESOP Trust, of which the reporting person serves as a trustee. (2) Based on 1,760,991 shares outstanding as of December 31, 2005, plus 21,900 shares that the reporting person may acquire within 60 days by exercising stock options. ------------------------------ PAGE 5 OF 7 PAGES ------------------------------ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ITEM 1 (a). NAME OF ISSUER. Tri-County Financial Corporation (b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES. 3035 Leonardtown Rd. Waldorf, Maryland 20601 ITEM 2 (a). NAME OF PERSON(S) FILING. Community Bank of Tri-County Employee Stock Ownership Plan Trust ("ESOP"), and the following individuals who serve as its trustees: Louis P. Jenkins, Jr. and Herbert N. Redmond, Jr. (b). ADDRESS OF PRINCIPAL BUSINESS OFFICE. Same as Item 1(b). (c). CITIZENSHIP. See Row 4 of the second part of the cover page provided for each reporting person. (d). TITLE OF CLASS OF SECURITIES. Common Stock, par value $0.01 per share. (e). CUSIP NUMBER. 89546L 10 7 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, and by each trustee of the trust established pursuant to the ESOP, filing pursuant to Rule 13d-1(c) and applicable SEC no-action letters. ------------------------------ PAGE 6 OF 7 PAGES ------------------------------ ITEM 4. OWNERSHIP. (a) AMOUNT BENEFICIALLY OWNED: See Row 9 of the second part of the ------------------------- cover page provided for each reporting person. (b) PERCENT OF CLASS: See Row 11 of the second part of the cover ---------------- page provided for each reporting person. (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: See Rows 5, 6, 7, -------------------------------------------- and 8 of the second part of the cover page provided for each reporting person. 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. The ESOP Committee has the power to determine whether dividends on allocated shares that are paid to the ESOP trust are distributed to participants or are used to repay the ESOP loan. 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. See Exhibit A. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. ITEM 10. CERTIFICATIONS. By signing below, each signatory in the capacity of an ESOP trustee certifies that, to the best of his 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. By signing below, each signatory in his individual capacity certifies that, to the best of his 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. ------------------------------ PAGE 7 OF 7 PAGES ------------------------------ 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. COMMUNITY BANK OF TRI-COUNTY EMPLOYEE STOCK OWNERSHIP PLAN TRUST By Its Trustees: /s/ Louis P. Jenkins, Jr. February 13, 2006 - -------------------------------------------- Louis P. Jenkins, Jr., as Trustee /s/ Herbert N. Redmond, Jr. February 14, 2006 - -------------------------------------------- Herbert N. Redmond, Jr., as Trustee /s/ Louis P. Jenkins, Jr. February 13, 2006 - ---------------------------------------------------- Louis P. Jenkins, Jr., as an Individual Stockholder /s/ Herbert N. Redmond, Jr. February 14, 2006 - ------------------------------------------------------ Herbert N. Redmond, Jr., as an Individual Stockholder EXHIBIT A --------- Members of the Group: Community Bank of Tri-County Employee Stock Ownership Plan Trust (the "ESOP") Louis P. Jenkins, Jr. Herbert N. Redmond, Jr. EXHIBIT 99 ---------- AGREEMENT RELATING TO FILING OF JOINT STATEMENT PURSUANT TO RULE 13D-1(k) UNDER THE SECURITIES ACT OF 1934 The undersigned agree that Amendment No. 10 to the Statement on Schedule 13G to which this Agreement is attached is filed on behalf of each of them. Date: February 14, 2006 COMMUNITY BANK OF TRI-COUNTY EMPLOYEE STOCK OWNERSHIP PLAN TRUST By Its Trustees: /s/ Louis P. Jenkins, Jr. February 13, 2006 - -------------------------------------------- Louis P. Jenkins, Jr., as Trustee /s/ Herbert N. Redmond, Jr. February 14, 2006 - -------------------------------------------- Herbert N. Redmond, Jr., as Trustee /s/ Louis P. Jenkins, Jr. February 13, 2006 - ---------------------------------------------------- Louis P. Jenkins, Jr., as an Individual Stockholder /s/ Herbert N. Redmond, Jr. February 14, 2006 - ------------------------------------------------------ Herbert N. Redmond, Jr., as an Individual Stockholder -----END PRIVACY-ENHANCED MESSAGE-----