-----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, HnDaTPvPyE2gttfZZFOkkiWhKtiA4jWt9FAQTLTLc/koHBezGJzTCtZUQALS5HAA xbfgmcd+fHJE0JXQDg3x5A== 0000909654-09-000515.txt : 20090522 0000909654-09-000515.hdr.sgml : 20090522 20090522140210 ACCESSION NUMBER: 0000909654-09-000515 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090522 DATE AS OF CHANGE: 20090522 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COOPERATIVE BANKSHARES INC CENTRAL INDEX KEY: 0000923529 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036] IRS NUMBER: 561886527 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-43993 FILM NUMBER: 09848608 BUSINESS ADDRESS: STREET 1: 201 MARKET ST CITY: WILMINGTON STATE: NC ZIP: 28401 BUSINESS PHONE: 9103430181 MAIL ADDRESS: STREET 1: PO BOX 600 CITY: WILMINGTON STATE: NC ZIP: 28402 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COOPERATIVE BANK 401(k) SUPPLEMENTAL RETIREMENT PLAN CENTRAL INDEX KEY: 0001033751 IRS NUMBER: 000000000 STATE OF INCORPORATION: X1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 201 MARKET STREET CITY: WILMINGTON STATE: NC ZIP: 28401 BUSINESS PHONE: 910-343-0801 MAIL ADDRESS: STREET 1: 201 MARKET STREET CITY: WILMINGTON STATE: NC ZIP: 28401 FORMER COMPANY: FORMER CONFORMED NAME: COOPERATIVE BANK FOR SAVING INC SSB EMP ST OWN PLAN DATE OF NAME CHANGE: 19970214 SC 13G 1 coopsched13gmay14-09.txt 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (AMENDMENT NO. __)(1) UNDER THE SECURITIES EXCHANGE ACT OF 1934 COOPERATIVE BANKSHARES, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $1.00 PER SHARE - -------------------------------------------------------------------------------- (Title of Class of Securities) 216844 10 0 - -------------------------------------------------------------------------------- (CUSIP Number) APRIL 7, 2009 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] 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 ("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 Pages 2 Page 2 of 5 Pages CUSIP NO. 216844 10 0 13G - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). COOPERATIVE BANK 401(k) SUPPLEMENTAL RETIREMENT PLAN - -------------------------------------------------------------------------------- 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 OF AMERICA - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER 632,673(1) SHARES BENEFICIALLY ------------------------------------------------ OWNED BY EACH 6. SHARED VOTING POWER 0 REPORTING PERSON ------------------------------------------------ WITH 7. SOLE DISPOSITIVE POWER 632,673(1) ------------------------------------------------ 8. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 632,673 - -------------------------------------------------------------------------------- 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES /_/ - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.60% (2) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) EP - -------------------------------------------------------------------------------- (1) Amount consists of Cooperative Bankshares, Inc. common stock (the "Common Stock") held in the 401(k) Savings Accounts and ESOP Accounts under the Cooperative Bank 401(k) Supplemental Retirement Plan (the "Plan"). (2) Based on 6,589,256 shares of Common Stock outstanding as of April 30, 2009. 3 Page 3 of 5 Pages SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ITEM 1. (a) NAME OF ISSUER: Cooperative Bankshares, Inc. (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 201 Market Street Wilmington, North Carolina 28401 ITEM 2. (a) NAME OF PERSON FILING: Cooperative Bank 401(k) Supplemental Retirement Plan Trustee: TD Ameritrade Trust Company 717 17th Street, Suite 1700 Denver, Colorado 80202 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 201 Market Street Wilmington, North Carolina 28401 (c) CITIZENSHIP: See Page 2, Item 4. (d) TITLE OF CLASS OF SECURITIES: Common Stock, par value $1.00 per share (e) CUSIP NUMBER: 216844 10 0 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO Sections 240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (f)[X] An employee benefit plan or endowment fund in accordance with Sections 240.13d-1(b)(1)(ii)(F). ITEM 4. OWNERSHIP. (a) AMOUNT BENEFICIALLY OWNED: See Page 2, Item 9. ------------------------- (b) PERCENT OF CLASS: See Page 2, Item 11. ---------------- 4 Page 4 of 5 Pages (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: -------------------------------------------- (I) SOLE POWER TO VOTE OR DIRECT THE VOTE; (II) SHARED POWER TO VOTE OR DIRECT THE VOTE; (III) SOLE POWER TO DISPOSE OR DIRECT THE DISPOSITION OF; OR (IV) SHARED POWER TO DISPOSE OR DIRECT THE DISPOSITION OF See Page 2, Items 5, 6, 7 and 8. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. If this statement is 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, check the following: /_/ 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 GROUP. Not applicable. ITEM 10. CERTIFICATION. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 5 Page 5 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. May 21, 2009 ------------ Date /s/ Todd L. Sammons ----------------------------------------- Signature Todd L. Sammons, as Employer Plan Sponsor ----------------------------------------- Name/Title -----END PRIVACY-ENHANCED MESSAGE-----