SC 13G 1 tv519511_sc13g.htm SCHEDULE 13G

  

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

(Amendment No. __)*

  

 

CONNECTONE BANCORP INC

 

(Name of Issuer)

 

Common Stock

 

(Title of Class of Securities)

  

20786W107

 

(CUSIP Number)

 

January 2, 2019

 

(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)

 

xRule 13d-1(c)

 

¨Rule 13d-1(d)

 

* 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).

  

 

 

 

 

 

CUSIP No. 20786W107        

  

1.

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

  

Kenneth J. Torsoe
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

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

 

 5.

Sole Voting Power

  

2,050,988

6.

Shared Voting Power

  

0

7.

Sole Dispositive Power

  

2,050,988

8.

Shared Dispositive Power

  

0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

  

2,050,988 
10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

  

N/A 
11.

Percent of Class Represented by Amount in Row (9)

 

5.79% 
12.

Type of Reporting Person (See Instructions)

 

IN

 

 

 

  

Item 1.

 

  (a) Name of Issuer

 

  CONNECTONE BANCORP INC

 

  (b) Address of Issuer’s Principal Executive Offices

 

  301 Sylvan Avenue, Englewood Cliffs, NJ  07632

 

Item 2. 

 

  (a) Name of Person Filing

 

  Kenneth J. Torsoe

 

  (b) Address of Principal Business Office, or if none, Residence

 

  70 West Gate Road, Suffern New York 10901

 

  (c) Citizenship

 

  United States

 

  (d) Title of Class of Securities

 

  Common Stock

 

  (e) CUSIP Number

 

  20786W107

 

 

 

 

Item 3. If this statement is filed pursuant to Sec. 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

  (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
       
  (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
       
  (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
       
  (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
       
  (e) ¨ An investment adviser in accordance with Sec. 240.13d-1(b)(1)(ii)(E);
       
  (f) ¨ An employee benefit plan or endowment fund in accordance with Sec. 240.13d-1(b)(1)(ii)(F);
       
  (g) ¨ A parent holding company or control person in accordance with Sec. 240.13d-1(b)(1)(ii)(G);
       
  (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
       
  (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
       
  (j) ¨ A non-U.S. institution in accordance with Sec. 240.13d-1(b)(1)(ii)(J);
       
  (k) ¨ Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(J).

 

Item 4. Ownership.

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

  (a)

Amount beneficially owned:

 

  2,050,988

 

  (b)

Percent of class: 

 

  5.79%

 

 

 

 

  (c) Number of shares as to which the person has:

 

  (i)

Sole power to vote or to direct the vote:

 

  2,050,988

 

  (ii)

Shared power to vote or to direct the vote:

 

  0

 

  (iii)

Sole power to dispose or to direct the disposition of:

 

  2,050,988

 

  (iv)

Shared power to dispose or to direct the disposition of:

 

  0

  

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
   
  N/A.

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
   
  N/A
   
Item 8. Identification and Classification of Members of the Group
   
  N/A
   
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 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, other than activities solely in connection with a nomination under Sec. 240.14a-11.

  

 

 

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.

 

  KENNETH J. TORSOE
   
  /s/ Kenneth J. Torsoe
   
  Date: April 1, 2019