SCHEDULE 13G - Exit Filing CUSIP No. 233237 10 6
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1.
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Names of Reporting Person - William S. Latoff/The Estate of William S. Latoff
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2.
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Check the Appropriate Box if a Member of a Group
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(a)
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(b)
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X
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3.
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SEC Use Only
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4.
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Source of Funds (See Instructions) PF
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5.
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ]
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6.
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Citizenship or Place of Organization - U.S.A.
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Number of Shares Beneficially Owned by Each Reporting Person With:
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7.
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Sole Voting Power -0-
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8.
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Shared Voting Power -0-
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9.
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Sole Dispositive Power -0-
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10.
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Shared Dispositive Power -0-
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11.
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Aggregate Amount Beneficially Owned by Reporting Person -0-
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12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
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13.
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Percent of Class Represented by Amount in Row (11) -0-
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14.
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Type of Reporting Person IN
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Item 1.
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Security and Issuer
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The class of securities to which this statement relates is common stock, par value $1.00 per share (the “Common Stock”), of DNB Financial Corporation (the “Issuer”), and the principal executive offices of the Issuer are located at 4 Brandywine Avenue, Downingtown, PA 19335.
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Item 4.
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Purpose of Transaction
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This Amendment No. 5 amends the Schedule 13D filed on January 14, 2015 (the “Schedule 13D”) by William S. Latoff, DNB Financial Corporation’s former Chairman and CEO, who passed away on January 11, 2016. After Mr. Latoff’s passing, his shares were held in The Estate of William S. Latoff (the “Reporting Person”), or passed by law to his spouse, Mary D. Latoff. As of March 5, 2018, shares held in the Estate were distributed. Consequently, the Reporting Person is no longer the beneficial owner of any shares of DNB Financial Corporation’s Common Stock. Accordingly, this Amendment No. 5 is the Reporting Person’s final amendment to the Schedule 13D and is an exit filing.
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Item 5.
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Interest in Securities of the Issuer
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(a)
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William S. Latoff/The Estate of William S. Latoff beneficially owns, for purposes of this report, -0- shares of Common Stock, which represent -0-% of the shares of Common Stock outstanding as of March 5, 2018.
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(b)
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Not Applicable
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(c)
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Not Applicable
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(d)
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No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock.
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(e)
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Not applicable.
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Item 7.
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Material to be filed as Exhibits
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Not applicable.
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April 10, 2018
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Date
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/s/Gerald F. Sopp for William S. Latoff/The Estate of William S. Latoff
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Signature
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William S. Latoff/The Estate of William S. Latoff, Individually
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