SC 13G 1 dsc13g.htm SCHEDULE 13G Schedule 13G

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

North State Bancorp


(Name of Issuer)

Common Stock


(Title of Class of Securities)

 

 

662585 10 8

                                (CUSIP Number)                                

 

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

¨ Rule 13d-1(b)

x 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 of 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.


CUSIP No.662585 10 8

Page 2 of 6

   

 

  1.  

Name of Reporting Person

I.R.S. Identification No. of Above Person (Entities Only)

   
                 W. Harold Perry    
  2.   Check the Appropriate Box if a Member of a Group  
  (a)  ¨  
   

(b)  ¨

            Not Applicable

   
  3.   SEC Use Only  
         
  4.   Citizenship or Place of Organization  
                United States    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    Sole Voting Power
 
                  17,037
    6.    Shared Voting Power
 
                  234,829
    7.    Sole Dispositive Power
 
                  17,037
    8.    Shared Dispositive Power
 
                  234,829
  9.   Aggregate Amount Beneficially Owned by Each Reporting Person    
                251,866    
10.   Check Box if the Aggregate Amount in Row (9) Excludes  

 

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CUSIP No.662585 10 8

Page 3 of 6

   

 

  Certain Shares  
       

¨

11.   Percent of Class Represented by Amount in Row (9)  
                5.49%    
12.   Type of Reporting Person  
                IN    

 

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CUSIP No. 662585 10 8

Page 4 of 6

 

Item 1  

(a)

   Name of Issuer      
     North State Bancorp      
Item 1  

(b)

   Address of Issuer’s Principal Executive Offices      
     4270 The Circle at North Hills, Raleigh, North Carolina 27609      
Item 2  

(a)

   Name of Person Filing      
     W. Harold Perry      
Item 2  

(b)

   Address of Principal Business Office, or if none, Residence      
     5909 Falls of Neuse Road, Raleigh, North Carolina 27609      
Item 2  

(c)

   Citizenship      
     United States      
Item 2  

(d)

   Title of Class of Securities      
     Common Stock      
Item 2  

(e)

   CUSIP Number      
     662585 10 8      
Item 3.   Filing pursuant to Rules 13d-1(b) or 13d-2(b) or (c)   
        Not Applicable

 

Item 4.    Ownership      
   (a)    Amount beneficially owned:      
      At March 21, 2007, Mr. Perry beneficially owned an aggregate of 251,866 shares of the Issuer’s common stock which includes: 4,617 shares held of record by Mr. Perry; options to purchase 12,420 shares of the Issuer’s common stock that were exercisable by Mr. Perry within 60 days of March 21, 2007; and 234,829 shares held of record by Mr. Perry and his wife.      
   (b)    Percent of class:      

 

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CUSIP No. 662585 10 8

Page 5 of 6

 

      5.49%      
   (c)    Number of shares as to which such person has:      
      (i)    Sole power to vote or to direct the vote: 17,037      
      (ii)    Shared power to vote or to direct the vote: 234,829      
      (iii)    Sole power to dispose or to direct the disposition of: 17,037      
      (iv)    Shared power to dispose or to direct the disposition of: 234,829      
Item 5.    Ownership of Five Percent or Less of a Class   
      Not Applicable      
Item 6.    Ownership of More than Five Percent on Behalf of Another Person      
      Not Applicable      
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      
      Not Applicable      

 

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CUSIP No. 662585 10 8

Page 6 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.

April 13, 2007

Date

 

/s/ W. Harold Perry

Signature

 

W. Harold Perry

 

Name/Title

 

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