-----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, G8bOrZtokG/XOBrwKlmJEryDMwrok/zEH14Q/tRGsyNkw9/8sA9fA/6IuMNjdut8 Ofk3cQzBh9lV+M1GrWhBLA== 0000950117-98-000294.txt : 19980218 0000950117-98-000294.hdr.sgml : 19980218 ACCESSION NUMBER: 0000950117-98-000294 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980217 SROS: AMEX 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: SEC FILE NUMBER: 005-35002 FILM NUMBER: 98542706 BUSINESS ADDRESS: STREET 1: 100 DUTCH HILL RD CITY: ORANGEBURG STATE: NY ZIP: 10962 BUSINESS PHONE: 9143654600 MAIL ADDRESS: STREET 2: 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 KENNETH J. TORSOE SC 13G/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------- SCHEDULE 13G (Rule 13d-102) INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)(1) U.S.B. Holding Co., Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $5 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 902910108 - -------------------------------------------------------------------------------- (CUSIP Number) Check the following box if a fee is being paid with this statement [ ]. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) - -------- (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 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 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). Pages 1 of 5 Pages - -------------------------------------------------------------------------------- - --------------------- ---------------------------- CUSIP NO. 902910108 13G Page 2 of 5 Pages - --------------------- ---------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Kenneth J. Torsoe (S.S. No. ###-##-####) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OR ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 1,304,288 shares NUMBER OF ------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 10,996 shares OWNED BY ------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 1,304,288 shares PERSON WITH ------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 10,996 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,360,344 shares of Common Stock - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.9% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 5 Pages ITEM 1(A). NAME OF ISSUER U.S.B. Holding Co., Inc. ITEM 1(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 ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, OF NONE, RESIDENCE c/o Union State Bank, 100 Dutch Hill Road, Orangeburg, NY 10962 ITEM 2(C). CITIZENSHIP United States ITEM 2(D). TITLE OF CLASS OF SECURITIES Common Stock ITEM 2(E). CUSIP NUMBER 902910108 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13(d)-2(b), CHECK WHETHER THE PERSON FILING IS A . . . This schedule is not being filed pursuant to Rules 13d-1(b) or 13d-2(b). ITEM 4. OWNERSHIP (a) Amount Beneficially Owned: 1,360,344 This amount includes options to purchase 45,060 shares of Common Stock (b) Percent of Class: 10.9% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 1,304,288 (ii) shared power to vote or to direct the vote: 10,996 (iii) sole power to dispose or to direct the disposition of 1,304,288 Page 3 of 5 Pages (iv) shared power to dispose or to direct the disposition of: 10,996 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS This statement is not being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON 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, such securities. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY No parent holding company has filed this schedule. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP No group has filed this schedule pursuant to Rule 13d-1(b)(ii)(h) or Rule 13d-1(c). ITEM 9. NOTICE OF DISSOLUTION OF GROUP No notice of dissolution of a group has been furnished as an exhibit to this statement. Page 4 of 5 Pages ITEM 10. CERTIFICATION This statement is not filed pursuant to Rule 13d-1(b). 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: February 12, 1998 /s/ KENNETH J. TORSOE - ------------------------- KENNETH J. TORSOE The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001). Page 5 of 5 Pages -----END PRIVACY-ENHANCED MESSAGE-----