-----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, LEmQzRO39gwr4fSJNhZ5Bv6wMuYZHKMs8a4qB4ghKsh6jdREjxDWRBC/B+mVXFtJ t/H9wVZOPRXXsXPCDmg3uA== 0000927089-99-000339.txt : 19991019 0000927089-99-000339.hdr.sgml : 19991019 ACCESSION NUMBER: 0000927089-99-000339 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991018 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PENNFED FINANCIAL SERVICES INC CENTRAL INDEX KEY: 0000920945 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 223297339 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-48435 FILM NUMBER: 99729949 BUSINESS ADDRESS: STREET 1: 622 EAGLE ROCK AVE CITY: WEST ORANGE STATE: NJ ZIP: 07052 BUSINESS PHONE: 2016697366 MAIL ADDRESS: STREET 1: 622 EAGLE ROCK AVE CITY: WEST ORANGE STATE: NJ ZIP: 07052 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ANDERSON WILLIAM C CENTRAL INDEX KEY: 0001096782 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 622 EAGLE ROCK AVENUE CITY: WEST ORANGE STATE: NJ ZIP: 07052-2989 BUSINESS PHONE: 9736697366 MAIL ADDRESS: STREET 1: 622 EAGLE ROCK AVENUE CITY: WEST ORANGE STATE: NJ ZIP: 07052-2989 SC 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ________)* PennFed Financial Services, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, Par Value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 708 167 101 -------------------------------- (CUSIP Number) William C. Anderson 622 Eagle Rock Avenue West Orange, New Jersey 07052 (973) 669-7366 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 10, 1999 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box __. *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. 708 167 101 13D Page 2 of 6 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON (ENTITIES ONLY) William C. Anderson - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ___ (b) ___ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS PF, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) __ - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 484,061 SHARES -------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 EACH -------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 484,061 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON 484,061 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -- - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.3% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ----------------------------------------------------------------- Item 1. Security and Issuer The class of equity securities to which this statement relates is the common stock, par value $.01 per share (the "Common Stock"), of PennFed Financial Services, Inc. ("PennFed" or the "Company"), located at 622 Eagle Rock Avenue, West Orange, New Jersey 07052-2989. Item 2. Identity and Background The name and address of the person filing this statement is William C. Anderson, 200 Bloomfield Avenue, Caldwell, New Jersey 07006. Mr. Anderson is Chairman of the Board and President of John Young Company, Inc., Realtors, a real estate agency, at the address stated above. Mr. Anderson is also Chairman of the Board of Directors of PennFed and PennFed's wholly owned subsidiary, Penn Federal Savings Bank (the "Bank"). During the last five years, Mr. Anderson has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction which resulted in him being subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or being found in violation with respect to such laws. Mr. Anderson is a citizen of the United States of America. Item 3. Source and Amount of Funds or Other Consideration Mr. Anderson has acquired beneficial ownership of 484,061 shares of Common Stock as follows: (i) 21,161 shares acquired by Mr. Anderson primarily with personal funds and through dividend reinvestments; (ii) 352,230 shares underlying unexercised stock options awarded to Mr. Anderson in consideration for his service as a director of the Company and the Bank which are currently exercisable or which will become exercisable within 60 days (excludes 12,000 shares underlying currently unexercisable stock options which will become exercisable in increments of 3,000 shares on July 27, 2000, 2001, 2002 and 2003, respectively); and (iii) 110,670 shares awarded as restricted stock to Mr. Anderson in consideration for his service as a director of the Company and Bank, all of which are now vested. All share amounts in this report have been adjusted for the two-for-one stock split in the form of a 100% stock dividend paid on the Common Stock on February 10, 1998. 3 of 6 Item 4. Purpose of Transaction Except with respect to the stock options and shares of restricted stock awarded to Mr. Anderson by the Company as compensation, all of the shares purchased and/or acquired by Mr. Anderson are for investment purposes. Mr. Anderson may, from time to time depending upon market conditions and other investment considerations, purchase additional shares of the Common Stock for investment or dispose of shares of the Common Stock. As Chairman of the Board of Directors of the Company, Mr. Anderson regularly explores potential actions and transactions which may be advantageous to the Company, including, but not limited to, possible mergers, acquisitions, reorganizations or other material changes in the business, corporate structure, management, policies, governing instruments, capitalization, securities or regulatory or reporting obligations of the Company. Except as noted above, Mr. Anderson has no plans or proposals which relate to or would result in: (a) the acquisition by any person of additional securities of the Company, or the disposition of securities of the Company; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (d) any change in the present Board of Directors or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board; (e) any material change in the present capitalization or dividend policy of the Company; (f) any other material change in the Company's business or corporate structure; (g) changes in the Company's certificate of incorporation, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person; (h) causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or (j) any action similar to any of those enumerated above. 4 of 6 Item 5. Interest in Securities of the Issuer The aggregate number of shares of Common Stock beneficially owned by Mr. Anderson as of the date of this filing is 484,061 shares, representing 5.3% of the shares of Common Stock outstanding. Mr. Anderson has sole voting and dispositive powers over all of these shares. The 484,061 shares include 352,230 shares subject to unexercised stock options which are currently exercisable or which will become exercisable within 60 days. During the 60-day period prior to the date of this filing, Mr. Anderson did not effect any transactions in the Common Stock. On October 10, 1999, however, Mr. Anderson became the beneficial owner of 33,333 shares of Common Stock underlying an unexercised stock option that will vest with respect to such shares on December 9, 1999. No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares held by Mr. Anderson. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to the Securities of the Issuer There are no contracts, arrangements, understandings or relationships (legal or otherwise) between Mr. Anderson and any person with respect to any securities of the Company, including but not limited to, transfer or voting of any of such securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies. None of the shares of Common Stock beneficially owned by Mr. Anderson are pledged or otherwise subject to a contingency the occurrence of which would give another person voting power or investment power over such shares. Item 7. Material to be Filed as Exhibits None. 5 of 6 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. Date: October 18, 1999 /s/ William C. Anderson ------------------- ------------------------ William C. Anderson Page 6 of 6 -----END PRIVACY-ENHANCED MESSAGE-----