-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PKRez4gNWdVuN4iNyO7N7V179LQr1GB4wClpy6bkg1axDCsQX+QWdviA56NY5z8y QHGihjrKY4ZyWYjHmBH+5w== 0000904280-00-000003.txt : 20000202 0000904280-00-000003.hdr.sgml : 20000202 ACCESSION NUMBER: 0000904280-00-000003 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000112 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NEWSOUTH BANCORP INC CENTRAL INDEX KEY: 0001027183 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 561999749 STATE OF INCORPORATION: VA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-52759 FILM NUMBER: 506117 BUSINESS ADDRESS: STREET 1: 1311 CAROLINA AVE CITY: WASHINGTON STATE: NC ZIP: 27889 BUSINESS PHONE: 2529464178 MAIL ADDRESS: STREET 1: 1311 CAROLINA AVENUE CITY: WASHINGTON STATE: NC ZIP: 27889 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANN THOMAS A CENTRAL INDEX KEY: 0001100842 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 1311 CAROLINA AVE CITY: WASHINGTON STATE: NC ZIP: 27889 BUSINESS PHONE: 2529464178 MAIL ADDRESS: STREET 1: 1311 CAROLINA AVE CITY: WASHINGTON STATE: NC ZIP: 27889 SC 13D 1 SCHEDULE 13D FOR THOMAS A. VANN 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) NEWSOUTH BANCORP, INC. -------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share -------------------------------------------------- (Title of Class of Securities) 652495 10 2 -------------------- (CUSIP Number) Thomas A. Vann 1311 Carolina Avenue Washington, North Carolina 27889 (252) 946-4178 ------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 8, 1999 ------------------------------------------------------ (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) (Page 1 of 5 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. 652495 10 2 Page 2 of 5 Pages 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Thomas A. Vann 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. SOURCES OF FUNDS PF 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF 7. SOLE VOTING POWER 181,619* SHARES BENEFICIALLY 8. SHARED VOTING POWER 30,525 OWNED BY EACH 9. SOLE DISPOSITIVE POWER 181,619* REPORTING PERSON WITH 10. SHARED DISPOSITIVE POWER 30,525 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 212,144* 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)** 5.86% 14. TYPE OF REPORTING PERSON IN * The amount shown includes 109,103 shares which may be acquired by Mr. Vann upon the exercise of options exercisable within 60 days of the date hereof. ** Assumes all 109,103 shares subject to options exercisable within 60 days have been exercised. The class of equity security to which this statement relates is the common stock, par value $.01 per share (the "Common Stock"), of NewSouth Bancorp, Inc. (the "Issuer"). The executive office of the Issuer is located at 1311 Carolina Avenue, Washington, North Carolina 27889. Item 2. Identity and Background. (a) Name: Thomas A. Vann (b) Residence or Business Address: 1311 Carolina Avenue, Washington, North Carolina 27889 (c) Present Principal Occupation: President of the Issuer. (d) Criminal Proceeding Convictions: None (e) Securities Laws Proceedings: None (f) Citizenship: United States Item 3. Source and Amount of Funds or Other Consideration. Thomas A. Vann (the "Reporting Person") purchased with $813,133 in personal funds and with $68,415 in funds in his 401(k) Plan, 50,642 shares of Common Stock that are owned directly and 6,842 shares held in his 401(k) Plan. The remaining shares consist of (i) 30,525 shares purchased by the Reporting Person's spouse with whom the Reporting Person shares voting and dispositive power, (ii) 8,584 shares purchased by the Reporting Person's minor son over which shares the Reporting Person has sole voting and dispositive power, (iii) 6,448 shares allocated to the Reporting Person's account under the Issuer's Employee Stock Ownership Plan (the "ESOP")and (iv) 109,103 shares that may be acquired upon the exercise of options held by the Reporting Person and that are exercisable within 60 days of the date hereof. 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. As President of the Issuer, the Reporting Person regularly explores potential actions and transactions which may be advantageous to the Issuer, including possible mergers, acquisitions, reorganizations or other material changes in the business, corporate structure, management policies, governing instruments, securities or regulatory or reporting obligations of the Issuer. Except as noted above, 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 a 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; 3 (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 Articles of Incorporation, Bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (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 212,144 shares, or 5.86%, 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 within 60 days. Such total also includes the 30,525 shares which the Reporting Person shares voting and dispositive power with his spouse. (b) The Reporting Person has sole voting and dispositive power with respect to the 66,068 shares and with respect to 109,103 shares the Reporting Person has the right to acquire upon the exercise of options exercisable within 60 days. The Reporting Person has sole voting power with respect to the 6,448 shares allocated to his account as a participant in the ESOP. The Reporting Person shares voting and dispositive power with respect to the 30,525 shares purchased by his spouse, Lee M. Vann. Ms. Vann's residence address is 113 Palmer Place, Washington North Carolina 27889. She is not employed, has not during the last five years been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), has not in the last five years been a party to a civil proceeding of a judicial or administrative body of a competent jurisdiction and was or is not subject to a judgement, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws, and is a United States citizen. (c) No other transactions in the Issuer's Common Stock were effected by the Reporting Person during the past 60 days. (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. 4 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. 5 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. January 10, 2000 /s/ Thomas A. Vann Thomas A. Vann 6 -----END PRIVACY-ENHANCED MESSAGE-----