0001140361-15-004542.txt : 20150206 0001140361-15-004542.hdr.sgml : 20150206 20150206150935 ACCESSION NUMBER: 0001140361-15-004542 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150206 DATE AS OF CHANGE: 20150206 GROUP MEMBERS: SHARON G. HYATT SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SEVERN BANCORP INC CENTRAL INDEX KEY: 0000868271 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 521726127 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78802 FILM NUMBER: 15584094 BUSINESS ADDRESS: STREET 1: 200 WESTGATE CIRCLE STREET 2: SUITE 200 CITY: ANNAPOLIS STATE: MD ZIP: 21404 BUSINESS PHONE: 410-260-2000 MAIL ADDRESS: STREET 1: 200 WESTGATE CIRCLE STREET 2: SUITE 200 CITY: ANNAPOLIS STATE: MD ZIP: 21401 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HYATT ALAN J CENTRAL INDEX KEY: 0001218591 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: SEVERN SAVINGS BANK FSB STREET 2: 200 WESTGATE CIRCLE, SUITE 500 CITY: ANNAPOLIS STATE: MD ZIP: 21401 SC 13G/A 1 formsc13ga.htm HYATT ALAN J SC 13GA NO 11 12-31-2014 (SEVERN BANCORP)
UNITED STATES
SECURITES AND EXCHANGE COMMISSION

Washington, D.C.  20549
 
FORM 13G

Under the Securities Exchange Act of 1934
(Amendment No.     11    )
 
SEVERN BANCORP, INC.
(Name of Issuer)
 
Common Stock
(Title of Class of Securities)

81811M100
(CUSIP Number)
 
December 31, 2014
(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)

☐
Rule 13d-1(c)

☒
Rule 13d-1(d)
 
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
Alan J. Hyatt
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    
(a)☐
    
(b)☒*
* This Reporting Person is part of a “Control Group” as previously determined by the
  former Office of Thrift Supervision but does not affirm the existence of such a group.
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
United States of America
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
293,89812367
 
 
 
 
6
SHARED VOTING POWER
 
 
1,372,56445
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
151,7511267
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
1,372,56445
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
1,666,462
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 None
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
16.5%8
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN
 
 
 
 
 
 
1 Includes 95,019 shares owned by Alan J. Hyatt
2 Mr. Hyatt controls 23,232 shares as custodian for his children.
3 Includes 142,147 shares allocated to Mr. Hyatt as a participant in the Company’s Employee Stock Ownership Plan (“ESOP”), with respect to which Mr. Hyatt can direct the voting of such shares.
4 Includes 25,000 shares held by the ESOP, for which Mr. Hyatt is a co-trustee, which were not allocated to the accounts of participants as of December 31, 2014.
5 Includes 1,347,564 shares jointly owned by Mr. Hyatt and his wife.
6 Includes 12,500 shares of common stock issuable upon the conversion of 6,250 shares of Series A 8.0% Non-Cumulative Convertible Preferred Stock  (“Series A Preferred Stock”) held by Mr. Hyatt and 6,250 shares of Series A Preferred Stock held by a company of which Mr. Hyatt is general partner.
7 Includes 21,000 shares issuable upon exercise of options exercisable within 60 days of December 31, 2014.
8 Based on 10,067,379 shares outstanding as of December 31, 2014 and 21,000 shares that would be outstanding upon exercise of options and 12,500 shares of common stock issuable upon the conversion of Series A Preferred Stock beneficially owned by Mr. Hyatt.
 
        
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
Sharon G. Hyatt
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    
(a)☐
    
(b)☒*
* This Reporting Person is part of a “Control Group” as previously determined by the
  former Office of Thrift Supervision but does not affirm the existence of such a group.
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
United States of America
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
7,738
 
 
 
 
6
SHARED VOTING POWER
 
 
1,347,5641
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
7,738
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
1,347,5641
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
1,355,302
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 None
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
13.5%2
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN
 
 
 
 
 
 
1 These shares are jointly owned by Sharon G. Hyatt and her husband.
2 Based on 10,067,379 shares outstanding as of December 31, 2014.
 

Item 1.
(a)            Severn Bancorp, Inc.
(b)            200 Westgate Circle, Suite 200, Annapolis, Maryland 21401

Item 2.
(a)            Alan J. Hyatt and Sharon G.Hyatt.  The Hyatts are husband and wife.
(b)            200 Westgate Circle, Suite 200, Annapolis, Maryland 21401
(c)            United States of America
(d)            Common Stock
(e)            81811M100

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not Applicable

Item 4.
Ownership
 
By Alan J. Hyatt
(a)            1,666,462
(b)            16.5%
(c)            (i)             293,898
             (ii)    1,372,564
             (iii)         151,751
             (iv)   1,372,564
For more information, see the responses to 5, 6, 7, 8, 9, and 11 on page 2.
By Sharon G. Hyatt
(a)            1,355,302
(b)            13.5%
(c)            (i)            7,738
             (ii)    1,347,564
             (iii)               7,738
             (iv)   1,347,564
For more information, see the responses to 5, 6, 7, 8, 9, and 11 on page 3.

Item 5.
Ownership of Five Percent or Less of a Class
Not Applicable

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
Not Applicable
 
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.
 
 
February 6, 2015
  
 
Date
  
     
 
/s/  Alan J. Hyatt
  
 
Alan J. Hyatt
  
     
 
/s/ Sharon G. Hyatt
  
 
Sharon G. Hyatt
  
 

Exhibit A

AGREEMENT RELATING TO JOINT FILING OF SCHEDULE 13G

The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Common Stock of Severn Bancorp, Inc. shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an Exhibit to such Schedule 13G.

This Agreement and the filing of the Schedule 13G shall not be construed to be an admission that any of the undersigned is a member of a "group" consisting of one or more of such persons pursuant to Section 13(g) of the Securities Exchange Act of 1934, as amended and the rules thereunder.

Dated:
February 6, 2015
/s/ Alan J. Hyatt
  
   
Alan J. Hyatt
  
       
   
/s/ Sharon G. Hyatt
  
   
Sharon G. Hyatt