-----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, Ko8R7DL0qLQtAwUycb/ceL0H+ZZmDz3jTXiMU+y0aEmt1sfB7K4tqxuJyvGrpHrL o0f/b2HVm2ao7KHDjGmGmQ== 0000726517-96-000002.txt : 19960320 0000726517-96-000002.hdr.sgml : 19960320 ACCESSION NUMBER: 0000726517-96-000002 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960319 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MERCHANTS BANCSHARES INC CENTRAL INDEX KEY: 0000726517 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 030287342 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-34672 FILM NUMBER: 96536168 BUSINESS ADDRESS: STREET 1: 123 CHURCH ST CITY: BURLINGTON STATE: VT ZIP: 05401 BUSINESS PHONE: 8026583400 MAIL ADDRESS: STREET 1: PO BOX 1009 CITY: BURLINGTON STATE: VT ZIP: 05401 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MERCHANTS BANCSHARES INC CENTRAL INDEX KEY: 0000726517 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 030287342 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 123 CHURCH ST CITY: BURLINGTON STATE: VT ZIP: 05401 BUSINESS PHONE: 8026583400 MAIL ADDRESS: STREET 1: PO BOX 1009 CITY: BURLINGTON STATE: VT ZIP: 05401 SC 13G 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 6) Merchants Bancshares, Inc. Common Stock Cusip Number 588448100 Item 1 a. Name of Issuer: Merchants Bancshares, Inc. b. Address of Issuer's Principal Executive offices: 123 Church Street Burlington, VT 05401 Item 2 a. Name of Person Filing: The Merchants Bank 401(k) ESOP Administration Committee Tax I.D. #03-0284573 b. Address of Principal Business Office or, if none, Residence: 123 Church Street Burlington, VT 05401 c. Citizenship: U.S.A d. Title of Class of Securities: Common Stock e. CUSIP Number 588448100 Item 3 Person Filing is a: f. Employee Benefit Plan (401(k) Employee Stock Ownership Plan) Item 4 Ownership a. Amount Beneficially Owed: As of December 31, 1995, 598,959 shares were owned by The Merchants Bank 401(k) Employee Stock Ownership Plan. b. Percent of Class: 13.506 % c. Number of shares as to which such person has: i. Sole power to vote or to direct the vote * ii. Shared power to vote or to direct the vote * iii. Sole power to dispose or to direct the disposition of * iv. Shared power to dispose or to direct the disposition of * The Merchants Bank 401(k) ESOP holds shares of Merchants Bancshares, Inc. for the benefit of the employee participants. If employee participants do not vote their shares, the 401(k) ESOP Administration Committee will vote their shares in accordance with the standard provisions of Section 404 of the Employee Retirement Income Security Act of 1974. Item 5 Ownership of Five Percent or Less of a Class: N/A Item 6 Ownership of More than Five Percent on Behalf of Another Person: The Merchants Bank 401(k) Employee Stock Ownership Plan is composed of employee participants who receive all dividends from, and the proceeds from the sale of said securities. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: N/A Item 8 Identification and Classification of Members of the Group: See Exhibit 1 Item 9 Notice of Dissolution of Group: N/A Item 10 Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. 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 ........................................................ Signature Rebecca O. Decesaro, Personal Trust Administrator of Merchants Trust Company, and member of Retirement Plan Administration Committee. Exhibit 1 Position with Position Name Merchants Bancshares with Bank Rebecca Decesaro Personal Trust Administrator of Merchants Trust Company *Edward Haase Senior Vice President Treasurer and Chief Financial Officer *Robert Reed Vice President Commercial Lender *John Savage Trust Operations Officer of Merchants Trust Company *Mr. Haase was a committee member until December 8, 1995. Mr. Reed was a committee member until November 17, 1995. Mr. Savage was a committee member until October 31, 1995. -----END PRIVACY-ENHANCED MESSAGE-----