Matthew Lindenbaum‘s Basswood Capital has just filed a Form 13D with the SEC, updating the regulatory body on the latest information related to its position in Sierra Bancorp (NASDAQ:BSRR). The activist filing reveals that Basswood continues to trim its position in the bank holding company, which it has gradually done since the middle of 2015. The fund reported ownership of 754,396 shares in the latest filing, down from 945,055 shares held as of the end of 2015. You can see the latest ownership position in the table below, while the filing is embedded below and on the following pages.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Basswood Capital Management||0||754,396||0||754,396||754,396||5.7%|
|Basswood Enhanced Long Short GP||0||133,488||0||133,488||133,488||1.0%|
|Basswood Financial Fund||0||14,903||0||14,903||14,903||0.1%|
|Basswood Financial Fund, Inc||0||6,562||0||6,562||6,562||0.1%|
|Basswood Financial Long Only Fund||0||3,361||0||3,361||3,361||0.0%|
|Basswood Enhanced Long Short Fund||0||133,488||0||133,488||133,488||1.0%|
|Main Street Master, Ltd||0||544,758||0||544,758||544,758||4.1%|
|BCM Select Equity I Master, Ltd||0||6,429||0||6,429||6,429||0.1%|
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Page 1 of 18 SEC Filing
SECURITIES AND EXCHANGE
Washington, D.C. 20549
Under the Securities Exchange
Act of 1934
(Amendment No. 3)
(Name of Issuer)
Common Stock, No Par
of Class of Securities)
Basswood Capital Management, L.L.C.
645 Madison Avenue, 10th
Floor New York, NY 10022
Address and Telephone Number of Person Authorized to Receive Notices and Communications)
(with copies to)
A. Schwartz, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
York, NY 10019
February 10, 2016
(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 that is the subject of this Schedule 13D, and is filing this schedule because
of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following
Note: Schedules filed in paper format
shall include a signed original and five copies of the schedule, including all exhibits. See Rule 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 (“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).