0001026081-18-000021.txt : 20181226 0001026081-18-000021.hdr.sgml : 20181226 20181226123135 ACCESSION NUMBER: 0001026081-18-000021 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20181226 DATE AS OF CHANGE: 20181226 GROUP MEMBERS: BROAD PARK INVESTORS LLC GROUP MEMBERS: CBPS LLC GROUP MEMBERS: CHEWY GOOEY COOKIES LP GROUP MEMBERS: JBRC I LLC GROUP MEMBERS: LAWRENCE SEIDMAN GROUP MEMBERS: LSBK06-08 LLC GROUP MEMBERS: SEIDMAN & ASSOCIATES LLC GROUP MEMBERS: SEIDMAN INVESTMENT PARTNERSHIP II LP GROUP MEMBERS: SEIDMAN INVESTMENT PARTNERSHIP III LP GROUP MEMBERS: SEIDMAN INVESTMENT PARTNERSHIP LP GROUP MEMBERS: VETERI PLACE CORP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MALVERN BANCORP, INC. CENTRAL INDEX KEY: 0001550603 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 455307782 STATE OF INCORPORATION: PA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87025 FILM NUMBER: 181252073 BUSINESS ADDRESS: STREET 1: 42 EAST LANCASTER AVENUE CITY: PAOLI STATE: PA ZIP: 19301 BUSINESS PHONE: 610-644-9400 MAIL ADDRESS: STREET 1: 42 EAST LANCASTER AVENUE CITY: PAOLI STATE: PA ZIP: 19301 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SEIDMAN LAWRENCE B CENTRAL INDEX KEY: 0001026081 STATE OF INCORPORATION: NJ FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: LANIDEX CORPORATE PARK STREET 2: 100 LANIDEX PLAZA 1ST FL CITY: PARSIPPANY STATE: NJ ZIP: 07054 SC 13D/A 1 mlvfschedule13damend3.htm MALVERN BANCORP, INC. SCHEDULE 13D AMENDMENT NO. 3 mlvfschedule13d.htm
 

 
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
______________

SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)

(Amendment No. 3)

Malvern Bancorp, Inc.
(Name of Issuer)

Common Stock, $0.01 Par Value
(Title of Class of Securities)

561409103
(CUSIP Number)

LAWRENCE B. SEIDMAN
100 Lanidex Plaza, 1st Floor
Parsippany, New Jersey 07054
(973) 952-0405

STEVE WOLOSKY, ESQ.
OLSHAN FROME WOLOSKY LLP
1325 Avenue of the Americas
New York, New York 10019
(212) 451-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

December 24, 2018
(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 .



 
CUSIP No. 561409103
   


1
NAME OF REPORTING PERSONS
 
Seidman and Associates, L.L.C.

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) x
                                (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6

CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
124,643
            
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
124,643
             
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                    
 
124,643
    
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                                      
 
1.60%

14
TYPE OF REPORTING PERSON
 
OO
 
 


 
 
CUSIP No. 561409103
   


1
NAME OF REPORTING PERSONS
 
Seidman Investment Partnership, L.P.

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) x
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
90,017

8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
90,017
            
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
90,017
       
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.16%

14
TYPE OF REPORTING PERSON
 
PN
 

 


 
CUSIP No. 561409103
   


1
NAME OF REPORTING PERSONS
 
Seidman Investment Partnership II, L.P.

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) x
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
120,495
    
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
120,495
            
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
120,495
           
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.55%

14
TYPE OF REPORTING PERSON
 
PN



 
 
CUSIP No. 561409103
   


1
NAME OF REPORTING PERSONS
 
Seidman Investment Partnership III, L.P.

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) x
                           (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
31,554
    
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
   
    31,554  
    
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
    31,554
       
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.41%

14
TYPE OF REPORTING PERSON
 
PN

 


 
 
CUSIP No. 561409103
   


1
NAME OF REPORTING PERSONS
 
LSBK06-08, L.L.C.

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) x
                                 (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

    WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    Florida
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
    70,250
         
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
          
    70,250
           
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
    70,250
    
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.90%

14
TYPE OF REPORTING PERSON
 
OO



 
CUSIP No. 561409103
   


1
NAME OF REPORTING PERSONS
 
Broad Park Investors, L.L.C.

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) x 
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
78,491
    
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
78,491
    
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
78,491
    
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 1.01%

14
TYPE OF REPORTING PERSON
 
OO
 
 
 

 
 
CUSIP No. 561409103
   
 
1
NAME OF REPORTING PERSONS
 
    Chewy Gooey Cookies, L.P.

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) x 
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
22,685
    
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
22,685
    
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
22,685
    
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.29%

14
TYPE OF REPORTING PERSON
 
 PN
 
 

 
 
CUSIP No. 561409103
   
 
1
NAME OF REPORTING PERSONS
 
CBPS, LLC

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a)  
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
78,117
    
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
78,117
    
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
78,117
    
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.01%

14
TYPE OF REPORTING PERSON
 
OO

 

 
 
 
CUSIP No. 561409103
   
1
NAME OF REPORTING PERSONS
 
Veteri Place Corporation

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a) x
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

OO

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
358,879
    
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
358,879
      
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
358,879
    
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.62%

14
TYPE OF REPORTING PERSON
 
CO
 
 

 
 
CUSIP No. 561409103
   
 
1
NAME OF REPORTING PERSONS
 
JBRC I, LLC

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) x
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

              OO

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
31,554
   
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
31,554
    
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
    31,554
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.41%

14
TYPE OF REPORTING PERSON
 
            OO
 


 
 
 
CUSIP No. 561409103
   
 
1
NAME OF REPORTING PERSONS
 
Lawrence B. Seidman

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) x
                         (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

    OO

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
616,252
   
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
616,252
    
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
616,252
  
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
    7.93%

14
TYPE OF REPORTING PERSON
 
  IN

 

 
The following constitutes Amendment No. 3 to the Schedule 13D filed by the undersigned (the “Amendment No. 3).  This Amendment No. 3 amends the Schedule 13D as specifically set forth herein.

 
Item 3.
Source and Amount of Funds or Other Consideration.
 
The Shares purchased by the Reporting Persons were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases (unless otherwise noted), as set forth in Schedule B, which is incorporated by reference herein.  The aggregate purchase cost of  the 616,252 Shares beneficially owned in the aggregate by the Reporting Persons is approximately $9,839,846, including brokerage commissions.
  
 
Item 5.
Interest in Securities of the Issuer.
 
The aggregate percentage of Shares reported owned by each Reporting Person is based upon 7,771,356 Shares outstanding, which is the total number of Shares outstanding as of December 14, 2018, as reported in the Issuer's 10-K filed with the Securities and Exchange Commission on December 14, 2018.
 
A.  
SAL
 
(a)  
As of the close of business on December 24, 2018, SAL beneficially owned 124,643 Shares.
 
       Percentage: Approximately 1.60%.
 
(b)  
1. Sole power to vote or direct the vote: 124,643
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 124,643
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transactions in the Shares by SAL during the past 60 days are set forth in Schedule B and are incorporated herein by reference.
 

CUSIP No. 561409103
 
 
B.  
SIP
 
(a)  
As of the close of business on December 24, 2018, SIP beneficially owned 90,017 Shares.
 
                               Percentage: Approximately 1.16%.
 
(b)  
1. Sole power to vote or direct the vote: 90,017
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 90,017
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transactions in the Shares by SIP during the past 60 days are set forth in Schedule B and are incorporated herein by reference.
 
C.  
SIPII
 
(a)  
As of the close of business on December 24, 2018, SIPII beneficially owned 120,495 Shares.
 
Percentage: Approximately 1.55%.
 
(b)  
1. Sole power to vote or direct the vote: 120,495
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 120,495
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transactions in the Shares by SIPII during the past 60 days are set forth in Schedule B and are incorporated herein by reference.
 
D.  
SIPIII
 
(a)  
As of the close of business on December 24, 2018, SIPIII beneficially owned 31,554 Shares.
 
Percentage: Approximately 0.41%.
 
(b)  
1. Sole power to vote or direct the vote: 31,554
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 31,554
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transactions in the Shares by SIPIII during the past 60 days are set forth in Schedule B and are incorporated herein by reference.
 
 

CUSIP No. 561409103
 
 
E.  
LSBK
 
(a)  
As of the close of business on December 24, 2018, LSBK beneficially owned 70,250 Shares.
 
Percentage: Approximately 0.90%.
 
(b)  
1. Sole power to vote or direct the vote: 70,250
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 70,250
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transactions in the Shares by LSBK during the past 60 days are set forth in Scheduled B and are incorporated herein by reference.
 
F.  
Broad Park
 
(a)  
As of the close of business on December 24, 2018, Broad Park beneficially owned 78,491 Shares.
 
Percentage: Approximately 1.01%.
 
(b)  
1. Sole power to vote or direct the vote: 78,491
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 78,491
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transactions in the Shares by Broad Park during the past 60 days are set forth in Schedule B and are incorporated herein by reference.
 
 
G.  
Chewy
 
(a)  
As of the close of business on December 24, 2018, Chewy beneficially owned 22,685 Shares.
 
Percentage: Approximately 0.29%.
 
(b)  
1. Sole power to vote or direct the vote: 22,685
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 22,685
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transactions in the Shares by Chewy Gooey during the past 60 days are set forth in Schedule B and are incorporated herein by reference.
 
 

CUSIP No. 561409103
 
H.  
CBPS
 
(a)  
As of the close of business on December 24, 2018, CBPS beneficially owned 78,117 Shares.
 
Percentage: Approximately 1.01%.
 
(b)  
1. Sole power to vote or direct the vote: 78,117
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 78,117
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transactions in the Shares by CBPS during the past 60 days are set forth in Schedule B and are incorporated herein by reference.
 
 
I.  
Veteri
 
(a)  
Veteri, (i) as the general partner of each of SIP and SIPII, may be deemed the beneficial owner of the 90,017 Shares owned by SIP and the 120,495 Shares owned by SIPII, and (ii) as the trading advisor of LSBK and CBPS, may be deemed the beneficial owner of the  70,250 Shares owned by LSBK and the 78,117 Shares owned by CBPS.  Accordingly, Veteri may be deemed the beneficial owner of an aggregate of 358,879 Shares.
 
Percentage: Approximately 4.62%.
 
(b)  
1. Sole power to vote or direct the vote: 358,879
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 358,879
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
Veteri has not entered into any transactions in the Shares during the past 60 days.  The transactions in the Shares by SIP, SIPII, LSBK and CBPS are set forth on Schedule B and are incorporated herein by reference.
 
 
J.  
JBRC
 
(a)  
JBRC, as a co-general partner of SIPIII, may be deemed the beneficial owner of the 31,554 Shares owned by SIPIII.
 
Percentage: Approximately 0.41%.
 
(b)  
1. Sole power to vote or direct the vote: 31,554
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 31,554
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
JBRC has not entered into any transactions in the Shares during the past 60 days.  The transactions in the Shares by SIPIII are set forth on Schedule B and are incorporated herein by reference.
 
 

CUSIP No. 561409103
 
 
K.  
Seidman
 
(a)  
Seidman, (i) as the manager of SAL, may be deemed the beneficial owner of the 124,643 Shares owned by SAL, (ii) as the sole officer of Veteri, the general partner of each of SIP and SIPII, may be deemed the beneficial owner of the 90,017 Shares owned by SIP and the 120,495 Shares owned by SIPII, (iii) as the managing member of JBRC I, LLC, a co-general partner of SIPIII, may be deemed the beneficial owner of the 31,554 Shares owned by SIPIII, (iv) as the sole officer of Veteri, the trading advisor of LSBK and CBPS, may be deemed the beneficial owner of the 70,250 Shares owned by LSBK and the 78,117 Shares owned by CBPS, and (v) as the investment manager for each of Broad Park and Chewy, may be deemed the beneficial owner of the 78,491 Shares owned by Broad Park, and the 22,685 Shares owned by Chewy.  Accordingly, Seidman may be deemed the beneficial owner of an aggregate of 616,252 Shares.  In the foregoing capacities, Seidman has sole and exclusive investment discretion and voting authority with respect to all such Shares.
 
Percentage: Approximately 7.93%.
 
(b)  
1. Sole power to vote or direct the vote: 616,252
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 616,252
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
Seidman has not entered into any transactions in the Shares during the past 60 days.  The transactions in the Shares during the past 60 days on behalf of SAL, SIP, SIPII, SIPIII, LSBK, Broad Park, Chewy and CBPS are set forth on Schedule B and are incorporated herein by reference.
 
        An aggregate of 616,252 Shares, constituting approximately 7.93% of the Shares outstanding, are reported by the Reporting
        Persons in this statement.
 
Each of the Reporting Persons, as a member of a “group” with the other Reporting Persons for purposes of Rule 13d-5(b)(1) of the Exchange Act, may be deemed to beneficially own the Shares owned by the other Reporting Persons.  The filing of this Schedule 13D shall not be deemed an admission that any of the Reporting Persons is, for purposes of Section 13(d) of the Exchange Act, the beneficial owner of any Shares he or it does not directly own.  Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that he or it does not directly own.
 
        To the best of the Reporting Persons’ knowledge, except as set forth in this Schedule 13D, none of the persons listed on
        Schedule A to the Schedule 13D beneficially owns any securities of the Issuer.
 
(d)  
No person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.
 
(e)  
Not applicable.
 

Signature Page to Malvern Bancorp, Inc. Schedule 13D Amendment No. 3


SIGNATURES
 
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
Dated:          December 26, 2018
SEIDMAN AND ASSOCIATES, L.L.C.
   
   
 
By:
/ss/ Lawrence B. Seidman 
   
Lawrence B. Seidman
Manager


 
SEIDMAN INVESTMENT PARTNERSHIP, L.P.
   
 
By:
Veteri Place Corporation, its
General Partner
   
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President


 
SEIDMAN INVESTMENT PARTNERSHIP II, L.P.
   
 
By:
Veteri Place Corporation, its
General Partner
   
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President
 
 
 
SEIDMAN INVESTMENT PARTNERSHIP III, L.P.
     
 
By:
JBRC I, LLC, its
     Co-General Partner
   
   
 
By:
  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Managing Member

 
 
LSBK06-08, L.L.C.
   
  By:
Veteri Place Corporation, its
Trading Advisor 
     
     
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President


 
BROAD PARK INVESTORS, L.L.C.
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Investment Manager


 
 
CHEWY GOOEY COOKIES, L.P.
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Investment Manager
 
 
 
CBPS, LLC
   
  By:
Veteri Place Corporation, its
Trading Advisor 
     
     
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President

 
 
VETERI PLACE CORPORATION
   
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President

 
 
JBRC I, LLC
   
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Managing Member

 
   /ss/ Lawrence B. Seidman
 
LAWRENCE B. SEIDMAN
 



CUSIP No. 561409103
   
 
SCHEDULE B

 
Transactions in the Shares During the Past 60 Days
 
 
Entity
Transaction Date
Per Share*
Cost*
 
Shares

SAL
11/12/2018
19.5014
4,095.30
210
SAL
11/14/2018
19.4600
9,730.00
500
SAL
11/15/2018
19.4329
99,418.88
5,116
SAL
11/20/2018
19.4300
18,963.68
976
SAL
12/13/2018
19.7231
15,107.88
766
SAL
12/17/2018
19.4689
16,217.60
833
SAL
12/18/2018
19.4723
16,765.67
861
SAL
12/19/2018
19.5117
9,209.51
472
SAL
12/20/2018
19.3982
42,676.08
2,200
SAL
12/21/2018
19.2545
42,263.70
2,195
 SAL 12/24/2018
19.1233
14,132.12
739
Total
    288,580.42
14,868





SIP
12/13/2018
19.7330
10,024.38
508
SIP
12/17/2018
19.4770
11,199.27
575
SIP
12/18/2018
19.4800
11,629.58
597
SIP
12/19/2018
19.5256
6,404.41
328
SIP
12/20/2018
19.4011
30,091.06
1,551
SIP
12/21/2018
19.2574
29,887.43
1,552
SIP 12/24/2018
19.1322
9,814.84
513
Total
   
109,050.97
5,624
         
SIPII
12/13/2018
19.7320
10,379.04
526
SIPII
12/17/2018
19.4761
11,607.74
596
SIPII
12/18/2018
19.4789
12,154.86
624
SIPII
12/19/2018
19.5236
6,696.61
343
SIPII
12/20/2018
19.4007
31,370.89
1,617
SIPII
12/21/2018
19.2570
31,157.78
1,618
SIPII
12/24/2018
19.1307
10,368.83
542
Total
   
113,735.75
5,866
         
SIPIII
12/13/2018
19.8535
1,985.35
100
SIPIII
12/17/2018
19.6009
1,960.09
100
SIPIII
12/18/2018
19.6049
1,960.49
100
SIPIII
12/19/2018
19.6299
1,962.99
100
SIPIII
12/20/2018
19.4978
2,749.19
141
SIPIII
12/21/2018
19.3464
2,940.65
152
SIPIII
12/24/2018
19.2530
1,925.30
100
Total
   
15,484.06
793
         
LSBK
12/13/2018
19.7399
8,132.84
412
LSBK
12/17/2018
19.4832
9,059.67
465
LSBK
12/18/2018
19.4860
9,411.72
483
LSBK
12/19/2018
19.5367
5,157.69
264
LSBK
12/20/2018
19.4032
24,700.25
1,273
LSBK
12/21/2018
19.2595
24,498.07
1,272
LSBK
12/24/2018
19.1392
7,942.75
 415
Total
   
88,902.99
4,584
         
Broad Park
12/13/2018
19.7331
10,004.67
507
Broad Park
12/17/2018
19.4770
11,179.82
574
Broad Park
12/18/2018
19.4801
11,610.12
596
Broad Park
12/19/2018
19.5259
6,365.45
326
Broad Park
12/20/2018
19.4006
31,758.72
1,637
Broad Park
12/21/2018
19.2569
31,465.74
1,634
Broad Park
12/24/2018
19.1309
10,273.31
 537
Total
   
112,657.83
5,811
         
Chewy
12/17/2018
19.6009
1,960.09
100
Chewy
12/18/2018
19.6049
1,960.49
100
Chewy
12/19/2018
19.6299
1,962.99
100
Chewy
12/20/2018
19.5414
1,954.14
100
Chewy
12/21/2018
19.3977
1,939.77
100
Chewy
12/24/2018
 19.2530 1,925.30
100
Total
    11,702.78
600
         
CBPS
12/13/2018
19.7346
9,512.09
482
CBPS
12/17/2018
19.4784
10,615.74
545
CBPS
12/18/2018
19.4814
11,026.47
566
CBPS
12/19/2018
19.5283
6,053.77
310
CBPS
12/20/2018
19.4015
28,733.66
1,481
CBPS
12/21/2018
19.2579
28,443.85
1,477
CBPS
 12/24/2018 19.1339
9,279.96
485
Total
   
103,665.54
5,3446
 





*Includes brokerage commission.