formsc13d.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
(Name of Issuer)
| Common Stock, par value $1.00 per share |
(Title of Class of Securities)
(CUSIP Number)
David M. Lobach, Jr.
100 Gateway Drive, Suite 100
Bethlehem, Pennsylvania 18017
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
(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. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* 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).
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Page 2 of 6
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CUSIP No. 290791102
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1.
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Names of Reporting Persons: |
John C. Pittman |
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IRS Identification Nos. of Above Persons (entities only): |
Not applicable |
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2.
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Check the Appropriate Box if a Member of a Group
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(See Instructions)
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(a) o |
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(b) o |
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3.
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SEC Use Only
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4.
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Source of Funds (See Instructions)
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PF |
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5.
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Check if Disclosure of Legal Proceedings is required pursuant to Items 2(d) or 2(e) o
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6.
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Citizenship or Place of Organization
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United States |
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Number of Shares
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7.
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Sole Voting Power
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361,187
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Beneficially
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Owned by Each
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Reporting Person
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8.
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Shared Voting Power
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5,600
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With
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9
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Sole Dispositive Power
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361,187 |
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10.
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Shared Dispositive Power
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5,600 |
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
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372,492 |
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12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13.
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Percent of Class Represented by Amount in Row (11)
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5.19% |
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14.
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Type of Reporting Person (See Instructions)
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IN
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Item 1.
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4 |
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Item 2.
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4 |
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Item 3.
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4 |
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Item 4.
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5 |
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Item 5.
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5 |
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Item 6.
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6 |
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Item 7.
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6 |
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| Signatures |
6 |
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Page 4 of 6
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CUSIP No. 290791102
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This Statement on Schedule 13D relates to shares of common stock, par value $1.00 per share (the “Shares”), of Embassy Bancorp, Inc., a Pennsylvania corporation (the “Company”). The address of the principal executive office of the Company is 100 Gateway Drive, Suite 100, Bethlehem, Pennsylvania 18017.
This statement is filed by John C. Pittman (“Mr. Pittman”), who is a United States citizen. Mr. Pittman is a Director of the Company and its primary operating subsidiary, Embassy Bank for the Lehigh Valley (the “Bank”), and is also a member of Red Bird Associates, LLC. His business address is 100 Gateway Drive, Suite 100, Bethlehem, Pennsylvania. During the last five years, Mr. Pittman has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) and he has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction which resulted in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.
As of the date hereof, Mr. Pittman may be deemed to beneficially own an aggregate of 372,492 Shares as detailed in Item 5.
The Shares were acquired as a result of the reorganization of the Bank into a one bank holding company structure (the “Reorganization”) and the subsequent receipt and exercise of options to purchase Shares of Common Stock and restricted stock issued pursuant to the Company’s 2001 Option Plan and 2010 Stock Incentive Plan. Pursuant to a Plan of Merger and Reorganization dated April 18, 2008, on the effective date of the Reorganization, each issued and outstanding share of the Bank’s common stock was automatically converted into one share of the Company’s common stock, and each then outstanding option to acquire a share of the common stock of the Bank issued under the Embassy Bank 2001 Option Plan became and was converted into an option to acquire a share of the Company on the same terms and conditions and remained outstanding. The Reorganization was effective November 11, 2008.
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Page 5 of 6
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CUSIP No. 290791102
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Mr. Pittman acquired his Shares in connection with the Reorganization of the Bank, as described in Item 3 above. Mr. Pittman is a founder of the Bank and, subsequently, the Company. Shares of the Bank originally acquired by Mr. Pittman were acquired for purposes of initially capitalizing the Bank.
At the present time, Mr. Pittman, both individually and as a member of Red Bird Associates, LLC, does not plan any significant acquisitions or dispositions of Company securities. He may, however, periodically acquire or dispose of Company securities as circumstances dictate. Mr. Pittman is a Director of the Company and, if required, he intends to vote his common stock in favor of plans, transactions and matters which he supports. At this time, however, Mr. Pittman does not have any plans or proposals relating to an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; the sale or transfer of a material amount of assets of the Company or any of its subsidiaries; 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 vacancies on the board; any material change in present capitalization or dividend policy of the Company; change in the Company’s business or corporate structure; changes in the Company’s charter, bylaws or instruments which would impede the acquisition or control of the Company by any person; causing the common stock to be authorized for quotation on NASDAQ or eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or any similar actions.
On July 23, 2012, Mr. Pittman may be deemed to have beneficial ownership in 372,492 Shares of Company common stock, representing 5.19% of the outstanding Shares as of July 23, 2012 (including Mr. Pittman’s vested, but unexercised stock options described below). Of this amount, Mr. Pittman holds 361,187 Shares individually and he has the sole power to vote and dispose of those Shares. Mr. Pittman has a right to acquire 4,939 Shares pursuant to vested stock options (the “Option Shares”).
Mr. Pittman is a member of Red Bird Associates, LLC, a real estate holding company owned by certain directors and executive officers of the Company. The members have the right, authority and responsibility to manage the operations and affairs of Red Bird Associates, LLC and its business. All decisions requiring the consent or action of the members are effective if agreed to by a majority of the members. Therefore, Mr. Pittman is deemed to share power to vote and dispose of all 5,600 Shares owned by Red Bird Associates, LLC.
Mr. Pittman may be deemed to beneficially own 5,555 Shares held individually by his spouse and 150 Shares held by his spouse as custodian under the Uniform Gifts to Minors Act. Mr. Pittman does not have sole or shared power to vote or dispose of these Shares.
During the previous 60 days, Mr. Pittman has not engaged in any transactions involving Company common stock.
The filing of this Schedule 13D shall not be construed as an admission that Mr. Pittman is, for purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this Schedule 13D.
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Page 6 of 6
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CUSIP No. 290791102
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Because of an administrative oversight, Mr. Pittman has not previously filed a statement on Schedule 13D with respect to these shares on a timely basis. Mr. Pittman’ beneficial ownership, however, was known to the Company and was reported in the Company’s proxy statements.
Except for outstanding options to purchase Shares issued under the Option Plan, the Reporting Person does not have any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Company, including but not limited to the transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.
Form of Stock Option Agreement governing the Option Shares.*
SIGNATURES
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: |
July 23, 2012 |
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/s/ John C. Pittman
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John C. Pittman
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*Incorporated by reference to Exhibit 10.1 of the Quarterly Report on Form 10Q filed by the Company on May 14, 2010.