SC 13D/A 1 l38497sc13dza.htm SC 13D/A sc13dza
 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT RULE 13d-2(a)
(Amendment No. 1)
PVF Capital Corp.
 
(Name of Issuer)
Common Stock
 
(Title of Class of Securities)
693654 10 5
 
(CUSIP Number)
Marc C. Krantz, Kohrman Jackson & Krantz P.L.L., 1375 East 9th Street, 20th Floor, Cleveland, OH 44114, (216) 696-8700
 
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
August 6, 2009
 
(Date of Event which Requires Filing of this Statement)
     If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. o
Note. Schedules filed in paper format shall include a signed original and five copies of the schedule including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
 
     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 disclosures provided in a prior cover page.
     The information required on 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 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.
  
693654 10 5 
   Page  
2  
   of   
6   Pages 

 

           
1   NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

Richard M. Osborne
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (see instructions)
  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (see instructions)
   
 
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  7   SOLE VOTING POWER
     
NUMBER OF   386,363
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY  
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   386,363
       
WITH 10   SHARED DISPOSITIVE POWER
     
   
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  386,363
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  4.97%
     
14   TYPE OF REPORTING PERSON (see instructions)
   
  IN
* 118,000 Shares owned by the Richard M. Osborne Trust and 268,363 shares owned by OsAir, Inc.

 

                     
CUSIP No.
  
693654 10 5 
   Page  
3 
   of   
6   Pages 

 

           
1   NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

Richard M. Osborne Trust
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (SEE INSTRUCTIONS)
  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (see instructions)
   
 
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  7   SOLE VOTING POWER
     
NUMBER OF   118,000
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY  
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   118,000
       
WITH 10   SHARED DISPOSITIVE POWER
     
   
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  118,000
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  1.5%
     
14   TYPE OF REPORTING PERSON (see instructions)
   
  OO

 

                     
CUSIP No.
  
693654 10 5 
   Page  
4 
   of   
6   Pages 

 

           
1   NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

OsAir, Inc.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (SEE INSTRUCTIONS)
  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (see instructions)
   
 
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Ohio
       
  7   SOLE VOTING POWER
     
NUMBER OF   268,363
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY  
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   268,363
       
WITH 10   SHARED DISPOSITIVE POWER
     
   
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  268,363
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  3.5%
     
14   TYPE OF REPORTING PERSON (see instructions)
   
  CO

 

                     
CUSIP No.
  
693654 10 5 
   Page  
5 
   of   
6 Pages 
Introduction.
     Pursuant to Rule 13d-1(k), this Amendment No. 1 to Schedule 13D is filed by Richard M. Osborne, the Richard M. Osborne Trust (the “Trust”), an Ohio trust, and OsAir, Inc. (“OsAir”), an Ohio corporation (each a “Reporting Person” and collectively, the “Reporting Persons”), relating to shares of common stock, par value $0.01 per share (the “Shares”), of PVF Capital Corp. (the “Company”), which is the holding company for Park View Federal Savings Bank.
Item 5. Interest in Securities of the Issuer.
     (a) According to the Company’s quarterly report on Form 10-Q filed with the Securities and Exchange Commission on May 11, 2009, there were 7,773,823 Shares outstanding on May 8, 2009.
     Mr. Osborne beneficially owns 386,363 Shares, or 4.97% of the outstanding Shares, of which 118,000 Shares, or 1.5% of the outstanding Shares, are owned by the Trust, and of which 268,363 shares, or 3.5% of the outstanding Shares, are owned by OsAir.
     (c) In the past sixty days, OsAir sold 31,637 Shares in open market transactions as set forth below:
                 
            Approximate Per Share Price
Date   Number of Shares   (Excluding Commissions)
8/5/2009
     5,000     $ 2.95  
8/5/2009
     10,000     $ 2.93  
8/5/2009
     3,500     $ 2.97  
8/5/2009
     5,000     $ 2.99  
8/5/2009
     3,418     $ 3.00  
8/6/2009
     3,419     $ 3.00  
8/6/2009
     300     $ 2.60  
8/6/2009
     298     $ 2.61  
8/6/2009
     302     $ 2.55  
8/6/2009
     400     $ 2.51  
     None of the other Reporting Persons effected any transactions in the Shares in the past sixty days.
     (e) On August 6, 2009, the Reporting Persons ceased to be the beneficial owners of more than 5% of the Shares.
Item 7. Material to be Filed as Exhibits.
     7.1 Joint Filing Agreement

 

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.
Date: January 13, 2010
         
 
  /s/ Richard M. Osborne
 
Richard M. Osborne, individually 		   
 
        
 
  Richard M. Osborne Trust    
 
        
 
  /s/ Richard M. Osborne
 
By: Richard M. Osborne, sole trustee 		   
 
        
 
  OsAir, Inc.    
 
        
 
  /s/ Richard M. Osborne
 
By: Richard M. Osborne, president, 		   
 
         chief executive officer and chairman    

Page 6 of 6 Pages

 

EXHIBIT INDEX
     
Exhibit Number   Description
 
    
7.1
  Joint Filing Agreement