0000904280-01-500113.txt : 20011009
0000904280-01-500113.hdr.sgml : 20011009
ACCESSION NUMBER: 0000904280-01-500113
CONFORMED SUBMISSION TYPE: SC 13D
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011003
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: FRANKFORT FIRST BANCORP INC
CENTRAL INDEX KEY: 0000930182
STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
IRS NUMBER: 611271129
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0630
FILING VALUES:
FORM TYPE: SC 13D
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-47979
FILM NUMBER: 1751126
BUSINESS ADDRESS:
STREET 1: 216 W MAIN ST
CITY: FRANKFORT
STATE: KY
ZIP: 40602
BUSINESS PHONE: 5022231638
MAIL ADDRESS:
STREET 1: P O BOX 535
CITY: FRANKFORT
STATE: KY
ZIP: 40602
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: GARLAND DANNY A
CENTRAL INDEX KEY: 0001159784
STANDARD INDUSTRIAL CLASSIFICATION: []
FILING VALUES:
FORM TYPE: SC 13D
BUSINESS ADDRESS:
STREET 1: 216 W MAIN STREET
CITY: FRANKFORT
STATE: KY
ZIP: 40601
BUSINESS PHONE: 5022231638
MAIL ADDRESS:
STREET 1: 216 W MAIN STREET
CITY: FRANKFORT
STATE: KY
ZIP: 40601
SC 13D
1
garland13d.txt
SCHDULE 13D - GARLAND
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------
SCHEDULE 13D
(RULE 13D-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-
1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(AMENDMENT NO. ____________ ) /1/
Frankfort First Bancorp, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
352128 20 1
--------------------------------------------------------------------------------
(CUSIP Number)
Danny A. Garland
216 West Main Street
Frankfort, Kentucky 40602
(502) 223-1638
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 18, 2000
--------------------------------------------------------------------------------
(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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. [ ]
Note. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b)
for other parties to whom copies are to be sent.
(Continued on following pages)
_____________
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 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 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).
SCHEDULE 13D
---------------------- ---------------------------------- ----------------------
CUSIP NO. 352128 20 1 Page 2 of 5 Pages
---------------------- ---------------------------------- ----------------------
---------- ---------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Danny A. Garland
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 SOURCE OF FUNDS *
SC
---------- ---------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
[ ]
---------- ---------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------- ----- ----------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 84,033**
SHARES ------ ---------------------------------------- ----------
BENEFICIALLY 8 SHARED VOTING POWER 219
OWNED BY ------ ---------------------------------------- ----------
EACH 9 SOLE DISPOSITIVE POWER 84,033**
REPORTING ------ ---------------------------------------- ----------
PERSON WITH 10 SHARED DISPOSITIVE POWER 219
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
84,252**
---------- ---------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)**
6.45%
---------- ---------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
---------- ---------------------------------------------------------------------
** Includes options granted to the reporting person to purchase 57,636 shares,
which options are exercisable. Percent of class assumes all of such options have
been exercised.
SCHEDULE 13D
---------------------- ---------------------------------- ----------------------
CUSIP NO. 352128 20 1 Page 3 of 5 Pages
---------------------- ---------------------------------- ----------------------
Item 1. Security and Issuer.
-----------------------------
The class of equity security to which this statement relates is the common
stock, par value $.01 per share (the "Common Stock"), of Frankfort First
Bancorp, Inc. (the "Issuer"). The executive office of the Issuer is located at
216 West Main Street, Frankfort, Kentucky 40602.
Item 2. Identity and Background.
---------------------------------
(a) Name: Danny A. Garland
(b) Residence or Business Address: 216 West Main Street, Frankfort, KY
40602
(c) Present Principal Occupation: Vice President and Director
(d) Criminal Proceeding Convictions: None
(e) Securities Laws Proceedings: None
(f) Citizenship: United States
Item 3. Source and Amount of Funds or Other Consideration.
----------------------------------------------------------
7,150 of the 84,252 shares of Common Stock were purchased by the reporting
person with approximately $143,000 in personal funds. The Reporting Person has
also acquired 7,220 shares through an Individual Retirement Account. The
remaining shares consist of (i) 57,636 shares which the reporting person has the
right to acquire under the Issuer's 1995 Stock Option and Incentive Plan (the
"Option Plan"), (ii) 219 shares acquired through his spouse's Individual
Retirement Account, (iii) 2,346 shares previously acquired through the vesting
of restricted stock awards, and (iv) 9,681 shares allocated to the reporting
person's account under the Issuer's Employee Stock Ownership Plan (the "ESOP").
Item 4. Purpose of Transaction.
--------------------------------
The shares covered by this statement were acquired for investment.
Depending upon a continuing assessment and upon future developments, the
Reporting Person may determine, from time to time or at any time, to purchase
additional shares of the Issuer for investment or to dispose of shares of the
Issuer's Common Stock. Other than as described above or in his capacity as Vice
President and Director of the Issuer or reporting obligations, the Reporting
Person has no plans or proposals which relate to or would result in:
(a) The acquisition by any person of additional securities of the Issuer,
or the disposition of securities of the Issuer;
(b) An extraordinary corporate transaction, such as merger, reorganization
or liquidation, involving the Issuer or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer or any
of its subsidiaries;
(d) Any change in the present Board of Directors or management of the
Issuer, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the Issuer's Board of Directors;
(e) Any material change in the present capitalization or dividend policy of
the Issuer;
(f) Any other material change in the Issuer's business or corporate
structure;
(g) Changes in the Issuer's Certificate of Incorporation, Bylaws or
instruments corresponding thereto or other actions which may impede the
acquisition of control of the Issuer by any person;
SCHEDULE 13D
---------------------- ---------------------------------- ----------------------
CUSIP NO. 352128 20 1 Page 4 of 5 Pages
---------------------- ---------------------------------- ----------------------
(h) Causing a class of securities of the Issuer 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 Issuer 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.
Item 5. Interest in Securities of the Issuer.
----------------------------------------------
(a) As of the date of this Schedule 13D, the Reporting Person beneficially
owned 84,252 shares, or 6.45%, of the Issuer's outstanding shares of Common
Stock, assuming the Reporting Person exercises all options to acquire
shares of Common Stock that are exercisable or will become exercisable
within 60 days.
(b) The Reporting Person has sole voting and dispositive power with respect to
the 26,397 of which he has direct ownership. Furthermore, the Reporting
Person has sole voting power with respect to the 57,636 shares he has the
right to acquire upon the exercise of options. The Reporting Person shares
voting and dispositive power with respect to 219 shares held in his
spouse's IRA account.
(c) On December 18, 2000 the Reporting Person became vested in options to
acquire 11,527 shares under the Option Plan. No other transactions in the
Issuer's Common Stock were effected by the Reporting Person during the past
60 days.
(d) Except as described in response to Item 2(d), 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 the Reporting
Person.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
--------------------------------------------------------------------------------
Securities of the Issuer.
-------------------------
There are no contracts, arrangements, understandings or relationships
between the Reporting Person or any other person with respect to the Issuer's
securities, including but not limited to the transfer or voting of securities,
finder's fees, joint ventures, loan or option arrangements, puts or calls,
guarantees of profits, division of profits or loss, the giving or withholding of
proxies or otherwise.
Item 7. Material to be Filed as Exhibits.
-----------------------------------------
None.
SCHEDULE 13D
---------------------- ---------------------------------- ----------------------
CUSIP NO. 352128 20 1 Page 5 of 5 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.
September 28, 2001
--------------------------------
(Date)
/s/ Danny A. Garland
--------------------------------
(Signature)
Danny A. Garland, Vice President
--------------------------------
(Name/Title)