pbimbouvette13da2.htm
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 3)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
PORTER BANCORP, INC.
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
736233 10 7
(CUSIP Number)
Maria L. Bouvette
c/o Porter Bancorp, Inc.
2500 Eastpoint Parkway
Louisville, Kentucky 40223
(502) 499-4800
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
Copy to:
Cynthia W. Young
Wyatt, Tarrant & Combs, LLP
Suite 2800
500 W. Jefferson Street
Louisville, Kentucky 40202
Telephone (502) 589-5235
February 17, 2017
(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 § § 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨
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CUSIP No. 736233 10 7
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13D/A
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(page 2 of 4)
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1
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NAME OF REPORTING PERSON
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Maria L. Bouvette
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) ¨
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(b) ¨
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
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PF
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
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¨
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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U.S.A
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
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7 SOLE VOTING POWER
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552,626
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8 SHARED VOTING POWER
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0
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9 SOLE DISPOSITIVE POWER
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552,626
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10 SHARED DISPOSITIVE POWER
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0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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552,626
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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¨
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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11.9%*
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14
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TYPE OF REPORTING PERSON
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IN
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*The percentage of class is based on the number of outstanding shares of common stock as of December 16, 2016 as reported in the Issuer's current report on Form 8-K filed December 16, 2016.
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CUSIP No. 736233 10 7
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13D/A
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(page 3 of 4)
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Explanatory Note
This amendment to Schedule 13D amends the disclosures in the text of Items 4, 5, 6 and 7 to update information about the Reporting Person.
ITEM 4. PURPOSE OF TRANSACTION.
On August 15, 2016, the Reporting Person entered into a Rule 10b5-1 Sales Trading Plan with Raymond James & Associates, Inc. (the "Plan") providing for the sale of up to 12,000 shares of the Issuer's common stock (on a post-reverse split basis) over a twelve month period. A copy of the Plan is attached hereto as Exhibit 1 and incorporated herein by reference.
Except for the Plan, the Reporting Person does not have any plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of the Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a-b)
The Reporting Person is the beneficial owner of 552,626 shares representing 11.9% of the Issuer's outstanding voting common stock. The Reporting Person has sole power to vote and dispose of her shares.
(c) On February 1, 2017, the Reporting Person sold 1,000 shares of voting common stock at a price per share of $11.03. On January 3, 2017, the Reporting Person sold 1,000 shares of voting common stock at a price per share of $12.41. The sales were pursuant to the Rule 10b5-1 Sales Trading Plan attached hereto as Exhibit 1.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
Except for the Plan, there are no contracts, arrangements, understandings or relationships between the Reporting Person and any other person, with respect to any securities of the Issuer, including but not limited to transfer of voting of any of the shares, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guaranties of profits, division of profits or loss, or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
1 Rule 10b5-1 Sales Trading Plan dated August 15, 2016 between Maria Bouvette and Raymond James & Associates, Inc.
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CUSIP No. 736233 10 7
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13D/A
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(page 4 of 4)
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SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this Statement is true, complete and correct.
Date: February 17, 2017
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By:
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Name:
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Maria L. Bouvette
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