0000946275-12-000038.txt : 20120130 0000946275-12-000038.hdr.sgml : 20120130 20120130115208 ACCESSION NUMBER: 0000946275-12-000038 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120130 DATE AS OF CHANGE: 20120130 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TF FINANCIAL CORP CENTRAL INDEX KEY: 0000921051 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 742705050 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46451 FILM NUMBER: 12554487 BUSINESS ADDRESS: STREET 1: 3 PENNS TRAIL CITY: NEWTOWN STATE: PA ZIP: 18940 BUSINESS PHONE: 2155794000 MAIL ADDRESS: STREET 1: 3 PENNS TRAIL CITY: NEWTOWN STATE: PA ZIP: 18940 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: THIRD FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN CENTRAL INDEX KEY: 0001056332 IRS NUMBER: 742705049 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 3 PENNS TRAIL CITY: NEWTON STATE: PA ZIP: 18940 BUSINESS PHONE: 2155794600 MAIL ADDRESS: STREET 1: 3 PENNS TRAIL CITY: NEWTON STATE: PA ZIP: 18940 SC 13G/A 1 sch13ga_103111-0084.htm SCHEDULE 13G - AMENDMENT NO. 11 sch13ga_103111-0084.htm

 
SECURITIES AND EXCHANGE COMMISSION
  
 
Washington, D.C.  20549
  
     
 
SCHEDULE 13G
  
     
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT
 
TO RULE 13d-2(b)
  
 
(Amendment No. 11)*
  
     
   
TF Financial Corporation
    
 
(Name of Issuer)
  
     
   
Common Stock
    
 
(Title of Class of Securities)
  
     
   
872391 10 7
    
 
(CUSIP Number)
  
     
   
October 31, 2011
    
 
(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)
    
       
o
Rule 13d-1(c)
    
       
o
Rule 13d-1(d)
    
       

*           The remainder of the 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).

(Continued on following pages)

Page 1 of 4 pages

 
 
 

CUSIP No
872391 10 7
Schedule 13G
  
Page 2 of 4 Pages

1.
Name of Reporting Person
  
 
S.S. or I.R.S. Identification Number of above person:
  
     
   
Third Federal Savings Bank
    
   
Employee Stock Ownership Plan
    

2.
Check the appropriate box if a member of a group*
  
                 
   
(a)
x
  
(b)
o
    

3.
SEC Use Only
  
     
4
Citizenship or Place of Organization:
Pennsylvania
    

Number of Shares Beneficially Owned by Each Reporting Person with:

5.
Sole Voting Power:
0
    
         
6
Shared Voting Power:
291,909
    
         
7.
Sole Dispositive Power:
0
    
         
8.
Shared Dispositive Power:
291,909
    

9.
Aggregate Amount Beneficially Owned by Each Reporting Person:
  
291,909
  
       
10.
Check Box If The Aggregate Amount in Row (9) Excludes Certain Shares*
o
       
11.
Percent of Class Represented by Amount in Row 9:
  
10.31
%
    
       
12.
Type of Reporting Person*:
EP
        
       


* SEE INSTRUCTION
 
 
 
 
 
       
Page 3 of 4 Pages

Item 1(a)
Name of Issuer:
  
TF Financial Corporation
  
       
(Item 1(b)
Address of Issuer’s Principal Executive Offices:
  
         
     
3 Penns Trail
  
     
Newtown, Pennsylvania 18940
  

Item 2(a)
Name of Person Filing
    
     
   
Third Federal Savings Bank
    
   
Employee Stock Ownership Plan
    

Item 2(b)
Address of Principal Business Office:
  
Same as Item 1(b)
  

Item 2(c)
Citizenship:
  
Pennsylvania
  
         
Item 2(d)
Title of Class of Securities:
  
Common Stock
  
         
Item 2(e)
CUSIP Number:
  
872391 10 7
  

Item 3
Check whether the person filing is a:
    
         
Item 3(f)
X
  
Employee Benefit Plan, in accordance with Rule 13d-1(b)(1)(ii)(F).
         
Item 3(j)
X
  
Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
         
Item 3(a)(b)(c)(d)(e)(g)(h)(i) -
not applicable.
  
         

Item 4(a)
Amount Beneficially Owned:
  
291,909
    

Item 4(b)
Percent of Class:
  
10.31
%
    

Item 4(c)
Number of shares as to which such person has:
           
 
(i)
sole power to vote or to direct the vote
    
0
(ii)
shared power to vote or to direct the vote
    
291,909
 
(iii)
sole power to dispose or to direct the disposition of
    
0
 
(iv)
shared power to dispose or to direct the  disposition of
    
291,909

Item 5
Ownership of Five Percent or Less of Class:
  
     
   
Not Applicable
    


 
 
 


       
Page 4 of 4 Pages

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.
  
         
   
Not Applicable
    

Item 8
Identification and Classification of Members of the Group.
  
     
 
This Schedule 13G is being filed on behalf of the Employee Stock Ownership Plan ("ESOP") identified in Item 2(a) by the Plan Committee and the ESOP Trustee both filing under the Item 3(f) and 3(j) classifications.  Exhibit A contains a disclosure of the voting and dispositive powers over shares of the issuer held directly by these entities exclusive of those shares held by the ESOP as well as identification of members of these groups.

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 in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect.


 
 
 

SIGNATURE:


After reasonable inquiry and to the best of my knowledge and belief, as a member of the Plan Committee, I certify that the information set forth in this statement is true, complete and correct.
 
 
/s/ Kent C. Lufkin     January 24, 2012
Kent C. Lufkin, as Plan Committee member
  
Date
     
     
     
     
/s/ Dennis R. Stewart   January 24, 2012
Dennis R. Stewart, as Plan Committee member
  
Date
     
     
     
     
/s/ Richard L. Eble     January 24, 2012
Richard L. Eble, as Plan Committee member
  
Date
     
     
     
     
/s/ Beth A. Mallak     January 24, 2012
Beth A. Mallak, as Plan Committee member
  
Date


 
 
 

SIGNATURE:


After reasonable inquiry and to the best of my knowledge and belief, as a member of the ESOP Trustee, I certify that the information set forth in this statement is true, complete and correct.



/s/ Robert N. Dusek     January 25, 2012
Robert N. Dusek, as Trustee
  
Date
     
     
     
     
     
/s/ Albert M. Tantala, Sr.     January 25, 2012
Albert M. Tantala, Sr., as Trustee
  
Date


 
 
 

Exhibit A

Identification of Members of Group

Shares of common stock of the issuer are held in trust for the benefit of participating employees by the ESOP Trustee.  The ESOP Trustee shares voting and dispositive power with the Plan Committee.  By the terms of the ESOP, the ESOP Trustee votes stock allocated to participant accounts as directed by participants.  Stock held by the ESOP Trust, but not yet allocated is voted by the ESOP Trustee as directed by the Plan Committee.  Investment direction is exercised by the ESOP Trustee as directed by the Plan Committee.  The Plan Committee and the ESOP Trustee share voting and dispositive power with respect to the unallocated stock held by the ESOP pursuant to their fiduciary responsibilities under Section 404 of the Employee Retirement Income Security Act of 1974, as amended.

Members of the Plan Committee and their beneficial ownership of shares of common stock of the issuer exclusive of membership on the Plan Committee and of shares beneficially owned as a Participant in the ESOP are as follows:


   
Beneficial
  
Beneficial Ownership
Name
  
Ownership (1)
  
As ESOP Participant
         
Kent C. Lufkin
    
53,788
      
4,467
  
Richard L. Eble
    
6,749
      
8,828
  
Dennis R. Stewart
    
21,332
      
5,207
  
Beth A. Mallak
    
1,050
      
1,552
  


The ESOP Trustee and their beneficial ownership of shares of common stock of the issuer exclusive of responsibilities as a ESOP Trustee are as follows:


   
Beneficial
  
Beneficial Ownership
Name
  
Ownership (1)
  
As ESOP Participant
         
Robert N. Dusek
    
121,648
      
0
  
Albert M. Tantala, Sr.
    
134,665
      
0
  

 
_____________
(1)
Beneficial ownership as of December 31, 2011.  Includes shares of common stock of issuer owned in conjunction with family members.  The Plan Committee and ESOP Trustees disclaim ownership of these shares in conjunction with the exercise of their fiduciary duties as members of the Plan Committee and as ESOP Trustee.  Excludes shares beneficially owned as an ESOP Participant.