Sec Form 13D Filing - SEIDMAN LAWRENCE B filing for MID-SOUTHERN BANCORP, INC. (MSVB) - 2020-12-15

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
______________

SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)

(Amendment No. 1)

Mid-Southern Bancorp, Inc.
(Name of Issuer)

Common Stock, par value $.01 per share
(Title of Class of Securities)

59548Q107
(CUSIP Number)

LAWRENCE B. SEIDMAN
100 Lanidex Plaza, 1st Floor
Parsippany, New Jersey 07054
(973) 952-0405

STEVE WOLOSKY, ESQ.
OLSHAN FROME WOLOSKY LLP
1325 Avenue of the Americas
New York, New York 10019
(212) 451-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

December 11, 2020
(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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box .




 
CUSIP No. 59548Q107
   


1
NAME OF REPORTING PERSONS
 
Seidman and Associates, L.L.C.

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) X
                                (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6

CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
33,798
             
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
33,798
             
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                    
 
33,798
    
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                                      
 
1.06%

14
TYPE OF REPORTING PERSON
 
OO
   
 

 

 
 
CUSIP No. 59548Q107
   


1
NAME OF REPORTING PERSONS
 
Seidman Investment Partnership, L.P.

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
26,221

8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
26,221
            
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
26,221
       
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.83%

14
TYPE OF REPORTING PERSON
 
PN
 
 
 

 

 
CUSIP No. 59548Q107
   


1
NAME OF REPORTING PERSONS
 
Seidman Investment Partnership II, L.P.

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) X
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
27,837
    
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
27,837
            
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
27,837
           
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.88%

14
TYPE OF REPORTING PERSON
 
PN

 

 


CUSIP No. 59548Q107
   


1
NAME OF REPORTING PERSONS
 
LSBK06-08, L.L.C.

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) X
                                 (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

    WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    Florida
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
    17,938
         
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
          
    17,938
           
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
    17,938
    
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.57%

14
TYPE OF REPORTING PERSON
 
OO

 

 

 
CUSIP No. 59548Q107
   


1
NAME OF REPORTING PERSONS
 
Broad Park Investors, L.L.C.

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) X
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
20,224
    
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
20,224
    
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
20,224
    
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 0.64%

14
TYPE OF REPORTING PERSON
 
OO
     
 

 
 
CUSIP No. 59548Q107
   
 
1
NAME OF REPORTING PERSONS
 
    Chewy Gooey Cookies, L.P.

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) X
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
12,500
    
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
12,500
    
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
12,500
    
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.39%

14
TYPE OF REPORTING PERSON
 
 PN
 




CUSIP No. 59548Q107
   

1
NAME OF REPORTING PERSONS
 
CBPS, LLC

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) X
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
- 0 -
    
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
- 0 -
    
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
- 0 -
    
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0%

14
TYPE OF REPORTING PERSON
 
OO

 

 
 
 
CUSIP No. 59548Q107
   
1
NAME OF REPORTING PERSONS
 
Veteri Place Corporation

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a) X
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

OO

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
71,996
    
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
71,996
      
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
71,996
    
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
2.27%

14
TYPE OF REPORTING PERSON
 
CO



 
 
CUSIP No. 59548Q107
   
1
NAME OF REPORTING PERSONS
 
Lawrence B. Seidman

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a) X
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS

OO

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
138,518
    
8
SHARED VOTING POWER
 
- 0 -

9
SOLE DISPOSITIVE POWER
 
138,518
      
10
SHARED DISPOSITIVE POWER
 
- 0 -

11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
138,518
    
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.36%

14
TYPE OF REPORTING PERSON
 
CO

  

 

CUSIP No. 59548Q107


The following constitutes Amendment No. 1 to the Schedule 13D filed by the undersigned ("Amendment No. 1").  This Amendment No. 1 amends the Schedule 13D as specifically set forth.


Item 2.
Identity and Background.
 
Item 2 is hereby amended to add the following:

(a-c) All Shares of the Issuer owned by CBPS were sold on December 11, 2020.  Therefore, CBPS is no longer a member of the Section 13(d) group and shall cease to be a Reporting Person immediately upon the filing of this Amendment No. 1.

 
Item 3.
Source and Amount of Funds or Other Consideration.
 
The Shares purchased by the Reporting Persons were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases (unless otherwise noted), as set forth in Schedule B, which is incorporated by reference herein.  The aggregate purchase cost of the 138,518 Shares beneficially owned in the aggregate by the Reporting Persons is approximately $1,724,677.79, including brokerage commissions.
 
 
Item 5.
Interest in Securities of the Issuer.
 
The aggregate percentage of Shares reported owned by each Reporting Person is based upon 3,174,657 Shares outstanding, which is the total number of Shares outstanding as of September 30, 2020, as reported in the Issuer's 10-Q filed with the Securities and Exchange Commission on November 13, 2020.  On December 11, 2020, one of the Reporting Persons sold 20,857 shares, reducing the Reporting Persons interest in the securities of the Issuer to below 5.00%, and therefore the Reporting Persons are not required to file additional Schedule 13D amendments.
 
A.  
SAL
 
(a)  
As of the close of business on December 14, 2020, SAL beneficially owned 33,798 Shares.
 
       Percentage: Approximately 1.06%.
 
(b)  
1. Sole power to vote or direct the vote: 33,798
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 33,798
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
SAL has not entered into any transactions in the Shares during the past 60 days.
 
 
B.  
SIP
 
(a)  
As of the close of business on December 14, 2020, SIP beneficially owned 26,221 Shares.
 
                               Percentage: Approximately 0.83%.
 
(b)  
1. Sole power to vote or direct the vote: 26,221
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 26,221
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
SIP has not entered into any transactions in the Shares during the past 60 days.
 

CUSIP No. 59548Q107


C.  
SIPII
 
(a)  
As of the close of business on December 14, 2020, SIPII beneficially owned 27,837 Shares.
 
Percentage: Approximately 0.88%.
 
(b)  
1. Sole power to vote or direct the vote: 27,837
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 27,837
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
SIPII has not entered into any transactions in the Shares during the past 60 days.
 
 
D.  
LSBK
 
(a)  
As of the close of business on December 14, 2020, LSBK beneficially owned 17,938 Shares.
 
Percentage: Approximately 0.57%.
 
(b)  
1. Sole power to vote or direct the vote: 17,938
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 17,938
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
LSBK has not entered into any transactions in the Shares during the past 60 days.
 

E.  
Broad Park
 
(a)  
As of the close of business on December 14, 2020, Broad Park beneficially owned 20,224 Shares.
 
Percentage: Approximately 0.64%.
 
(b)  
1. Sole power to vote or direct the vote: 20,224
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 20,224
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
Broad Park has not entered into any transactions in the Shares during the past 60 days.
 

CUSIP No. 59548Q107

 
F.  
Chewy
 
(a)  
As of the close of business on December 14, 2020, Chewy beneficially owned 12,500 Shares.
 
Percentage: Approximately 0.39%.
 
(b)  
1. Sole power to vote or direct the vote: 12,500
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 12,500
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
Chewy has not entered into any transactions in the Shares during the past 60 days.
 
 
G.  
CBPS
 
(a)  
As of the close of business on December 14, 2020, CBPS beneficially owned 0 Shares.
 
Percentage: Approximately 0%.
 
(b)  
1. Sole power to vote or direct the vote: 0
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 0
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transaction in the Shares by CBPS during the past 60 days is set forth in Schedule B and is incorporated herein by reference.
 
 
H.  
Veteri
 
(a)  
Veteri, (i) as the general partner of each of SIP and SIPII, may be deemed the beneficial owner of the 26,221 Shares owned by SIP and the 27,837 Shares owned by SIPII, and (ii) as the trading advisor of LSBK and CBPS, may be deemed the beneficial owner of the 17,938 Shares owned by LSBK and the 0 Shares owned by CBPS.  Accordingly, Veteri may be deemed the beneficial owner of an aggregate of 71,996 Shares.
 
Percentage: Approximately 2.27%.
 
(b)  
1. Sole power to vote or direct the vote: 71,996
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 71,996
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
Veteri has not entered into any transactions in the Shares during the past 60 days. 
  

CUSIP No. 59548Q107


I.  
Seidman
 
(a)  
Seidman, (i) as the manager of SAL, may be deemed the beneficial owner of the 33,798 Shares owned by SAL, (ii) as the sole officer of Veteri, the general partner of each of SIP and SIPII, may be deemed the beneficial owner of the 26,221 Shares owned by SIP and the 27,837 Shares owned by SIPII, (iii) as the sole officer of Veteri, the trading advisor of LSBK and CBPS, may be deemed the beneficial owner of the 17,938 Shares owned by LSBK and the 0 Shares owned by CBPS, and (iv) as the investment manager for each of Broad Park and Chewy, may be deemed the beneficial owner of the 20,224 Shares owned by Broad Park, and the 12,500 Shares owned by Chewy.  Accordingly, Seidman may be deemed the beneficial owner of an aggregate of 138,518 Shares.  In the foregoing capacities, Seidman has sole and exclusive investment discretion and voting authority with respect to all such Shares.
 
Percentage: Approximately 4.36%.
 
(b)  
1. Sole power to vote or direct the vote: 138,518
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 138,518
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
Seidman has not entered into any transactions in the Shares during the past 60 days. 
       

 

An aggregate of 138,518 Shares, constituting approximately 4.36% of the Shares outstanding, are reported by the Reporting Persons in this statement.


 

Each of the Reporting Persons, as a member of a “group” with the other Reporting Persons for purposes of Rule 13d-5(b)(1) of the Exchange Act, may be deemed to beneficially own the Shares owned by the other Reporting Persons.  The filing of this Schedule 13D shall not be deemed an admission that any of the Reporting Persons is, for purposes of Section 13(d) of the Exchange Act, the beneficial owner of any Shares he or it does not directly own.  Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that he or it does not directly own.

 
To the best of the Reporting Persons' knowledge, except as set forth in this Schedule 13D, none of the persons listed on Schedule A to the Schedule 13D beneficially owns any securities of the Issuer.
 
(d)  
No person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.
 
(e)  
On December 11, 2020, the Reporting Persons ceased to be beneficial owners of more than five percent of the class of securities.
 
 
 

Signature Page to Mid-Southern Bancorp, Inc. Schedule 13D Amendment No. 1


SIGNATURES
 
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
Dated:          December 15, 2020
SEIDMAN AND ASSOCIATES, L.L.C.
   
   
 
By:
/ss/ Lawrence B. Seidman 
   
Lawrence B. Seidman
Manager


 
SEIDMAN INVESTMENT PARTNERSHIP, L.P.
   
 
By:
Veteri Place Corporation, its
General Partner
   
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President


 
SEIDMAN INVESTMENT PARTNERSHIP II, L.P.
   
 
By:
Veteri Place Corporation, its
General Partner
   
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President
 
 
 
LSBK06-08, L.L.C.
   
  By:
Veteri Place Corporation, its
Trading Advisor 
     
     
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President


 
BROAD PARK INVESTORS, L.L.C.
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Investment Manager

 
 
CHEWY GOOEY COOKIES, L.P.
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Investment Manager
 

 
CBPS, LLC
   
  By:
Veteri Place Corporation, its
Trading Advisor 
     
     
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President

 
 
VETERI PLACE CORPORATION
   
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President
 

 
   /ss/ Lawrence B. Seidman
 
LAWRENCE B. SEIDMAN
 
 

 
SCHEDULE B
 
Transactions in the Shares During the Past 60 Days
 
 
 
Entity
Transaction Date
Per
Share*
Sales Proceeds*
Shares Sold
CBPS
12/11/2020
14.35
$299,271.31
20,857

 
*Includes brokerage commission.