-----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, WXMYMAQgnytg0LtDX3sJqO902NqHv1YKo+EUI93VZLV3OOn1bncSJwqkDE7hw2lB 7zok7Z8b6Mp7ed70xl58wA== 0000950136-04-000442.txt : 20040217 0000950136-04-000442.hdr.sgml : 20040216 20040217150825 ACCESSION NUMBER: 0000950136-04-000442 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040217 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: 04607860 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 file001.txt AMENDMENT NO. 8 TO SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------- SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b) (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2 (b) (Amendment No. 8)(1) 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, 2003 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1 (b) [ ] Rule 13d-1 (c) [X] Rule 13d-1 (d) - -------------------------- (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). Page 1 of 5 Pages - ------------------------ ---------------------- CUSIP NO. 902910108 13G PAGE 2 OF 5 PAGES - ------------------------ ---------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Kenneth J. Torsoe - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER 1,974,212 shares (inclusive of 45,198 shares SHARES issuable upon the exercise of vested stock options) (see Item 4) BENEFICIALLY ---------------------------------------------------- 6 SHARED VOTING POWER OWNED BY None ---------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER 1,974,212 shares (inclusive of 45,198 shares REPORTING issuable upon the exercise of vested stock options) (see Item 4) PERSON WITH - -------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER None - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,974,212 shares (see Item 4) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.1% (see Item 4) - -------------------------------------------------------------------------------- 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, IF NONE, RESIDENCE: 1 First Street, Building 24A, Nanuet, NY 10954 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 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:. Not applicable. ITEM 4. OWNERSHIP. (a) Amount Beneficially Owned: 1,974,212 shares of Common Stock This amount includes: (i) 1,929,014 shares of Common Stock owned directly by Mr. Torsoe; and (ii) vested director stock options (exercisable within 60 days) to purchase 45,198 shares of Common Stock held by Mr. Torsoe. (b) Percent of Class: 10.1% This percentage is based upon 19,487,790 shares of Common Stock issued and outstanding as of December 31, 2003, 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. (c) Number of shares as to which such person has: Page 3 of 5 Pages (i) sole power to vote or to direct the vote: 1,974,212 shares of Common Stock This amount includes: (i) 1,929,014 shares of Common Stock owned directly by Mr. Torsoe; and (ii) vested director stock options (exercisable within 60 days) to purchase 45,198 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: 1,974,212 shares of Common Stock This amount includes: (i) 1,929,014 shares of Common Stock owned directly by Mr. Torsoe; and (ii) vested director stock options (exercisable within 60 days) to purchase 45,198 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. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. ITEM 10. CERTIFICATIONS. Not applicable. Page 4 of 5 Pages 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. Date: February 17, 2004 /s/ KENNETH J. TORSOE --------------------- KENNETH J. TORSOE Page 5 of 5 Pages -----END PRIVACY-ENHANCED MESSAGE-----