-----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, O+gDXEVddQtUL3L6byuiIQu/5Vk50ujkcpiV3I705YYlAHLyGiNylS455NlUPuG5 ymevyLZz0eM+YdwN+r6TSQ== 0000882377-05-000329.txt : 20050214 0000882377-05-000329.hdr.sgml : 20050214 20050214155535 ACCESSION NUMBER: 0000882377-05-000329 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050214 DATE AS OF CHANGE: 20050214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: USB HOLDING CO INC CENTRAL INDEX KEY: 0000707805 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 363197969 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-35002 FILM NUMBER: 05609837 BUSINESS ADDRESS: STREET 1: 100 DUTCH HILL RD CITY: ORANGEBURG STATE: NY ZIP: 10962 BUSINESS PHONE: 9143654600 MAIL ADDRESS: STREET 1: 100 DUTCH HILL ROAD CITY: ORANGEBURG STATE: NY ZIP: 10962 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TORSOE KENNETH CENTRAL INDEX KEY: 0001049348 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 100 DUTCH HILL RD CITY: ORANGEBURG STATE: NY ZIP: 10962 BUSINESS PHONE: 9143654600 MAIL ADDRESS: STREET 1: USB HOLDING CO STREET 2: 100 DUTCH HILL ROAD CITY: ORANGEBURG STATE: NY ZIP: 10962 SC 13G/A 1 d305524.txt USB HOLDING CO INC UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 9) * U.S.B. HOLDING CO., INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $0.01 PER SHARE - -------------------------------------------------------------------------------- (Title of Class of Securities) 902910108 - -------------------------------------------------------------------------------- (CUSIP Number) DECEMBER 31, 2004 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which the Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [ X ] Rule 13d-1(d) *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 the disclosures provided in a prior cover page. The information required in 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). Page 1 of 5
- ---------------------------------------- CUSIP No. 902910108 - ---------------------------------------- - -------- ------------------------------------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Kenneth J. Torsoe - -------- ------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)_________________ (b)_________________ - -------- ------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------- ------------------------------------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------- ---------- --------------------------------------- --------------------------------------- NUMBER OF 5 SOLE VOTING POWER 2,096,653 shares (inclusive of 71,187 SHARES shares issuable upon the exercise of BENEFICIALLY vested stock options) (see Item 4) OWNED BY ---------- --------------------------------------- --------------------------------------- EACH 6 SHARED VOTING POWER None REPORTING PERSON WITH ---------- --------------------------------------- --------------------------------------- 7 SOLE DISPOSITIVE POWER 2,096,653 shares (inclusive of 71,187 shares issuable upon the exercise of vested stock options) (see Item 4) ---------- --------------------------------------- --------------------------------------- 8 SHARED DISPOSITIVE POWER None - ------------------------- ---------- --------------------------------------- --------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,096,653 shares (see Item 4) - -------- ------------------------------------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [__] - -------- ------------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.3% (see Item 4) - -------- ------------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - -------- -------------------------------------------------------------------------------------------------------------
Page 2 of 5 ITEM 1. (A) NAME OF ISSUER U.S.B. Holding Co., Inc. (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 100 Dutch Hill Road, Orangeburg, NY 10962 ITEM 2. (A) NAME OF PERSON FILING Kenneth J. Torsoe (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE 1 First Street, Building 24A, Nanuet, NY 10954 (C) CITIZENSHIP United States (D) TITLE OF CLASS OF SECURITIES Common Stock (E) CUSIP NUMBER 902910108 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS.240.13D-1(B), OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A: Not applicable. ITEM 4. OWNERSHIP (A) AMOUNT BENEFICIALLY OWNED: 2,096,653 shares of Common Stock. This amount includes: (i) 2,025,466 shares of Common Stock owned directly by Mr. Torsoe; and (ii) vested director stock options (exercisable within 60 days) to purchase 71,187 shares of Common Stock held by Mr. Torsoe. (B) PERCENT OF CLASS: 10.3%. This percentage is based upon 20,346,814 shares of Common Stock issued and outstanding as of December 31, 2004, plus the aggregate number of shares which the Reporting Person has the right to acquire within 60 days pursuant to the exercise of vested stock options. Page 3 of 5 (C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: (I) SOLE POWER TO VOTE OR TO DIRECT THE VOTE: 2,096,653 shares of Common Stock. This amount includes: (i) 2,025,466 shares of Common Stock owned directly by Mr. Torsoe; and (ii) vested director stock options (exercisable within 60 days) to purchase 71,187 shares of Common Stock held by Mr. Torsoe. (II) SHARED POWER TO VOTE OR DIRECT THE VOTE: None. (III) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 2,096,653 shares of Common Stock. This amount includes: (i) 2,025,466 shares of Common Stock owned directly by Mr. Torsoe; and (ii) vested director stock options (exercisable within 60 days) to purchase 71,187 shares of Common Stock held by Mr. Torsoe. (IV) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: None 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 OR CONTROL PERSON Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF A GROUP Not applicable. ITEM 10. CERTIFICATION Not applicable. Page 4 or 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. Dated: February 14, 2005 /s/ Kenneth J. Torsoe --------------------- Kenneth J. Torsoe Page 5 or 5 -----END PRIVACY-ENHANCED MESSAGE-----