-----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, GQfnOCukvFjKQhWzBBjWxPRj5hNU7sKG4pZtD8emUhtOqK321c0nIFaAjGnUFScv 3oFgw3m5hKyajX4r36yhcw== 0001026081-07-000010.txt : 20070129 0001026081-07-000010.hdr.sgml : 20070129 20070129131728 ACCESSION NUMBER: 0001026081-07-000010 CONFORMED SUBMISSION TYPE: SC 13D/A CONFIRMING COPY: PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070129 DATE AS OF CHANGE: 20070129 GROUP MEMBERS: BROAD PARK INVESTORS, LLC GROUP MEMBERS: FEDERAL HOLDINGS, LLC GROUP MEMBERS: HAROLD SCHECHTER GROUP MEMBERS: PATRICK ROBINSON GROUP MEMBERS: POLLACK INVESTMENT PARTNERSHIP, LP GROUP MEMBERS: SEIDMAN AND ASSOCIATES, LLC GROUP MEMBERS: SEIDMAN INVESTMENT PARTNERSHIP II, LP GROUP MEMBERS: SEIDMAN INVESTMENT PARTNERSHIP, LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: YARDVILLE NATIONAL BANCORP CENTRAL INDEX KEY: 0000787849 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 222670267 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58073 BUSINESS ADDRESS: STREET 1: 2465 KUSER RD CITY: HAMILTON STATE: NJ ZIP: 08690 BUSINESS PHONE: 6096316218 MAIL ADDRESS: STREET 1: 2465 KUSER RD CITY: HAMILTON STATE: NJ ZIP: 08690 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SEIDMAN LAWRENCE B CENTRAL INDEX KEY: 0001026081 STATE OF INCORPORATION: NJ FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 2015601400 MAIL ADDRESS: STREET 1: LANIDEX CENTER STREET 2: 100 MISTY LANE P O BOX 5430 CITY: PARSIPPANY STATE: NJ ZIP: 07054 SC 13D/A 1 schedule13damendment12yanb.htm YARDVILLE NATIONAL BANCORP SCHEDULE 13D AMENDMENT NO. 12 Yardville National Bancorp Schedule 13D Amendment No. 12



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No.12)*
 


Yardville National Bancorp

(Name of Issuer)

Common Stock
(Title of Class of Securities)

98502114
(CUSIP Number)


Lawrence B. Seidman, 100 Misty Lane, Parsippany, NJ  07054
(973) 952-0405

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

January 26, 2007
(Date of Event which Requires Filling 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 ·· 240.13d-1(e), 240.13d-1 (f) or 240.13d-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 · 240.13d-7 for other parties to whom copies are to be sent.
 
 
* 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 ("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).
 
 
 
 

 
 
 
SCHEDULE 13D
CUSIP No.  98502114

  1. Lawrence B. Seidman        075-38-0679

  2. Check the Appropriate Box if a Member of a Group*
(a.)  (X)       (b.)  (   )

  3. SEC USE ONLY

  4.    
Source of Funds*
                            PF, WC

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to items 2(d) or 2(e)  (    )

  6.
Citizenship or Place of Organization
                            U.S.A.

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power
                        974,480

8. Shared Voting Power

9. Sole Dispositive Power
                        974,780

10. Shared Dispositive Power

  11. Aggregate Amount Beneficially Owned by Each Reporting Person
                            974,480

  12. Check if the Aggregate Amount Represented by Amount in Row (11) Excludes Certain Shares
(See Instructions)   (    )

  13.
Percent of Class Represented by Amount in Row (11)    
                              8.82

  14. Type of Reporting Person                         IN
 
 
2

 
SCHEDULE 13D
CUSIP No.  98502114

      1. Pollack Investment Partnership, LP        22-3736367

  2. Check the Appropriate Box if a Member of a Group*
(a.)  (X)       (b.)  (   )

  3. SEC USE ONLY

  4.    
Source of Funds*
                            WC

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to items 2(d) or 2(e)  (    )

  6.
Citizenship or Place of Organization
                            New Jersey

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power
                        0

8. Shared Voting Power

9. Sole Dispositive Power
                        0

10. Shared Dispositive Power

  11. Aggregate Amount Beneficially Owned by Each Reporting Person
                            0

  12. Check if the Aggregate Amount Represented by Amount in Row (11) Excludes Certain Shares
(See Instructions)   (    )

  13.
Percent of Class Represented by Amount in Row (11)    
                              0

  14. Type of Reporting Person                         PN
 
 
3

 
This statement on Schedule 13 D which was filed on July 29, 2004, Amendment No.1 was filed on February 15, 2005, Amendment No.2
 was filed on May 4, 2005, Amendment No.3 was filed on May 11, 2005, Amendment No.4 was filed on June 17, 2005, Amendment No.
 5 was filed on August 16, 2005, Amendment No. 6 was filed on November 10, 2005, Amendment No. 7 was filed on November 30, 2005,
 Amendment No. 8 was filed on February 24, 2006, Amendment No. 9 was filed on March 10, 2006, Amendment No. 10 was filed on
 June 5, 2006, and Amendment No. 11 was filed on June 23, 2006 on behalf of Seidman and Associates, L.L.C (“SAL”), Seidman
 Investment Partnership, L.P. (“SIP”), Seidman Investment Partnership II, L.P. (“SIPII”), Broad Park Investors, L.L.C (“Broad Park”),
 Federal Holdings, L.L.C. (“Federal”), Lawrence Seidman (“Seidman”), Patrick Robinson (“Robinson”), Harold Schechter (“Schechter”)
and Dennis Pollack (“Pollack”) collectively, the (“Reporting Persons”) with respect to the Reporting Persons’ beneficial ownership
 of shares of Common stock (“the Shares”) of Yardville National Bancorp (YANB), a  New Jersey corporation, is hereby amended as
 set forth below: Such statement on Schedule 13D is hereinafter referred to as the “Schedule 13D”. Terms used herein which are
 defined in the Schedule 13D shall have their respective meanings set forth in the Schedule 13D.
 
Pollack Investment Partnership, LP ("PIP") no longer owns any shares of YANB stock, and therefore is no longer considered a
 Reporting Person.
 
 Item 4. Purpose of Transaction
 
On January 26, 2007, Peter R. Bray Esq., counsel to Lawrence B. Seidman, sent a letter to Daniel J. O’Donnell, Esq., YANB's General Counsel requesting that the board engage independent outside counsel to conduct an investigation of the disclosure of non-public information by certain board members.  This letter, in its entirety, is attached hereto as Exhibit A.
 

 
Item 5. Interest in Securities of the Issuer.
 
(a)(b)(c)  As of the close of business on January 26, 2006, the Reporting Persons owned beneficially an aggregate of 993,435 shares of Common Stock which constituted approximately 8.99% of the 11,049,065 shares of Common Stock outstanding as of November 6, 2006 as disclosed in the Issuer's Form 10-Q for the period ended September 30, 2006.
 
Schedule A attached below describes transactions except for previously reported transactions in the Common Stock effected by the Reporting Persons within the past sixty (60) days.  Except as set forth in this Item 5, none of the Reporting Persons owns beneficially or has a right to acquire beneficial ownership of any Common Stock, and except as set forth in this item 5, none of the Reporting Persons has effected transactions in the Common Stock during the past sixty (60) days, except for previously reported transactions.
 
4

 
 
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:   January 29, 2007
 

  By: /s/  Lawrence B. Seidman
Power of Attorney pursuant to Joint Agreement dated July 26, 2004
       
 

   
 /s/ Harold Schechter
    
     
 

     /s/ Patrick A. Robinson
      
 
 
5

 
Schedule A
         
Entity
Date Purchased
Cost per Share
Cost
Shares
Seidman Clients         
12/27/2006
38.8100
271.67
7
Total
 
 
271.67
7
 
 
6

 
                                                        Exhibit A

 
BRAY, CHIOCCA & MILLER, L.L.C.
ATTORNEYS AT LAW
LANIDEX EXECUTIVE CENTER
100 MISTY LANE
PARSIPPANY, NEW JERSEY  07054-2710
 
(973) 739-9600
FAX (973) 739-9696
 
PETER R. BRAY
RANDAL C. CHIOCCA                                                                            Counsel @bcmnjlaw.com
RICHARD I. MILLER
 
GEOFFREY T. BRAY


January 26, 2007


Via Lawyers Service

Daniel J. O’Donnell, Esq.
Yardville National Bancorp
2465 Kuser Road
Hamilton Twp., NJ 08690

Re: Lawrence B. Seidman - Yardville National Bancorp

Dear Mr. O’Donnell:

We write to you in our capacity as counsel to Lawrence B. Seidman and his affiliated entities. We address this letter to you in your capacity as counsel to the Board of Directors of Yardville National Bancorp (“YNB”). The matter addressed in this letter is unrelated to the pending litigation; hence, we are not corresponding with Pepper Hamilton, LLP.

Mr. Seidman has learned that one or more members of YNB's Board have been sharing non-public information with at least one shareholder of YNB. The type of information that has been selectively communicated is material and has the capacity to directly affect the trading in YNB's shares. This information should be publicly disclosed, so that all shareholders, and the public, will have the benefit of this information before making investment decisions.  

This "leaking" of material non-public information is unquestionably improper and probably unlawful. Mr. Seidman demands that the Board engage independent outside counsel (i.e., a firm that has no prior connection with YNB or any member of its Board) to investigate this situation, report the results of the investigation to the Board, as well as the proper authorities with jurisdiction over these matters, and supervise the removal of the Director(s) who may have been involved in this misconduct.

If we do not receive written confirmation that the demanded actions have been undertaken within the next ten (10) days, we shall presume that the Board has decided to ignore this situation and thereby perpetuate it. In such event, Mr. Seidman will consider the pursuit of the remedies available to secure the redress of these matters.


7

 
 
                                                        Exhibit A
 
Daniel O’Donnell, Esq.
January 26, 2007
Page 2

Mr. Seidman will fully cooperate with the investigation. Arrangements to interview Mr. Seidman, by the appointed counsel, can be made through this office.

Very truly yours,


 
PETER R. BRAY

PRB:blw
cc:  Lawrence B. Seidman
 
 
 
 
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