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.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 7
to
SCHEDULE 13D
Under the Securities Exchange Act of 1934
ALTABANCORP
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
712706209
(CUSIP Number)
Dale O. Gunther | Blaine C. Gunther |
856 East 700 North | 75 East 1010 North |
American Fork, UT 84003 | American Fork, UT 84003 |
(801) 592-1826 | (801) 234-9620 |
The address for all other Reporting Persons is:
Marcus J. Williams
Buchalter APC
1000 Wilshire Blvd., Suite 1500
Los Angeles, CA 90017
(213) 891-5088
(Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications)
May 18, 2021
(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-l(f) or 240.13d-l(g), check the following box. ¨
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 (“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).
SCHEDULE 13D
Explanatory Note: This Amendment No. 7 (“Amendment”) to the beneficial ownership report on Schedule 13D filed on June 10, 2020 (“Schedule 13D”) amends and supplements certain information set forth in the Schedule 13D. The Schedule 13D has previously been amended by Amendment No. 1 (July 22, 2020), Amendment No. 2 (January 14, 2021), Amendment No. 3 (January 15, 2021), Amendment No. 4 (January 27, 2021), Amendment No. 5 (February 1, 2021) and Amendment No. 6 (March 15, 2021). References herein to the Schedule 13D describe the initial filing as so amended. The Schedule 13D relates to shares of common stock of Altabancorp, a Utah corporation and a registered bank holding company, beneficially owned by the reporting persons identified in the Schedule 13D. Except as set forth herein, this Amendment does not modify any information previously set forth in the Schedule 13D. Capitalized terms used herein and not defined have the meanings assigned thereto in the Schedule 13D. The purpose of this Amendment is to disclose certain recent developments identified in Item 4 and Item 6 and to file an additional document as an exhibit pursuant to Item 7.
Item 4. Purpose of Transaction
Item 4 of the Schedule 13D is amended to add the following paragraph as the penultimate paragraph of such Item.
On May 18, 2021, the Reporting Persons entered into a Voting Agreement and Irrevocable Proxy (“Voting Agreement”) with the Issuer and Glacier Bancorp (“Glacier”) pursuant to which the Reporting Persons party thereto had agreed to vote all shares of Altabancorp common stock in favor of an Agreement and Plan of Merger (“Merger Agreement”) by and among Glacier and its wholly owned subsidiary, Glacier Bank, and the Issuer and its wholly owned subsidiary, Altabank. A copy of the Voting Agreement is filed herewith as Exhibit 99.11 and is incorporated herein by reference. The Voting Agreement contemplates that upon submission of the Merger Agreement to a vote of the Issuer’s shareholders, the 5,829,026 shares held in the aggregate by the Reporting Persons who are party to the Voting Agreement (such shares, the “Bound Shares”), representing 30.89% of the Issuer’s outstanding common stock, will be voted in favor of the Merger Agreement, including the merger (“Merger”) and the other transactions contemplated thereby. The Voting Agreement terminates upon the earliest of (i) the effective time of the Merger, (ii) the date the Merger Agreement is terminated in accordance with its terms, (iii) the mutual consent of all parties to the Voting Agreement, (iv) a reduction in the merger consideration payable upon consummation of the Merger or a change in the tax consequences of the receipt thereof, or (v) the date the Merger is approved by the vote of the Bound Shares and the other holders of the Issuer’s common stock. The Voting Agreement also provides that the Issuer will reimburse the Reporting Persons for their reasonable fees and expenses of up to $550,000 incurred in connection with their compliance with laws and regulations applicable to their ownership of the Issuer’s common stock and their communications with the parties and the other shareholders, including legal fees for securities and bank regulatory compliance, incurred by the Reporting Persons since January 1, 2020.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
The textual paragraph set forth in Item 4 of this Amendment No. 7 is incorporated herein as the last paragraph of Item 6 of the Schedule 13D.
Item 7. Material to be Filed as Exhibits
Exhibit | Description | |
99.1 | Shareholder Agreement (including agreement regarding joint filing in accordance with Exchange Act Rule 13d-1(k)(1))* | |
99.2 | Letter from Dale O. Gunther and Blaine C. Gunther to Board of Directors of the Issuer dated January 13, 2021* |
2 |
99.3 | Letter from Paul R. Gunther to Board of Directors of the Issuer dated January 15, 2021* | |
99.4 | Form of Indemnification Agreement between the Issuer and each of Jonathan B. Gunther and Paul R. Gunther (incorporated herein by reference to Exhibit 10.7 of the Issuer’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019)* | |
99.5 | Letter from Dale O. Gunther and Blaine C. Gunther to Board of Directors of the Issuer dated January 27, 2021* | |
99.6 | Letter from Dale O. Gunther and Blaine C. Gunther to Board of Directors of the Issuer dated October 6, 2020* | |
99.7 | Letter from the Board of Directors of the Issuer to Dale O. Gunther and Blaine C. Gunther to Board dated October 23, 2020* | |
99.8 | Letter from Dale O. Gunther and Blaine C. Gunther to Board of Directors of the Issuer dated December 3, 2020* | |
99.9 | Letter from Jonathan B. Gunther to Board of Directors of the Issuer dated February 1, 2021* | |
99.10 |
Press release of the Reporting Persons dated March 15, 2021* | |
99.11 | Voting Agreement dated May 17, 2021† | |
24.1 | Form of Power of Attorney* | |
* † |
Previously Filed. Filed Herewith. |
3 |
SIGNATURES
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.
Dated: May 19, 2021
DALE O. GUNTHER | |||
/s/ Dale O. Gunther | |||
Dale O. Gunther | |||
DRG PARTNERS, LLC | |||
/s/ Dale O. Gunther | |||
Name: | Dale O. Gunther | ||
Title: | Manager | ||
THE RASPBERRY TRUST | |||
/s/ Matthew O. Cleary | |||
Name: | Matthew O. Cleary | ||
Title: | Trustee |
4 |
GUNTHER LEGACY TRUST | |||
/s/ Chantel Gunther | |||
Name: | Chantel Gunther | ||
Title: | Trustee | ||
/s/ W. Bruce Miller | |||
Name: | W. Bruce Miller | ||
Title: | Trustee | ||
/s/ Brett D. Christiansen | |||
Name: | Brett D. Christiansen | ||
Title: | Trustee | ||
/s/ Holli Gunther | |||
Name: | Holli Gunther | ||
Title: | Trustee | ||
/s/ Christian Gunther | |||
Name: | Christian Gunther | ||
Title: | Trustee | ||
/s/ Orrin Porter Rockwell | |||
Name: | Orrin Porter Rockwell | ||
Title: | Trustee | ||
/s/ Ryan Thompson | |||
Name: | Ryan Thompson | ||
Title: | Trustee | ||
RUSSELL GUNTHER | |||
/s/ Russell Gunther | |||
Russell Gunther | |||
JACOB GUNTHER | |||
/s/ Jacob Gunther | |||
Jacob Gunther | |||
HUDSON GUNTHER | |||
/s/ Hudson Gunther | |||
Hudson Gunther | |||
KIMBALL GUNTHER | |||
/s/ Kimball Gunther | |||
Kimball Gunther |
5 |
THE MARY G. MILLER REVOCABLE TRUST | |||
/s/ Mary G. Miller | |||
Name: | Mary G. Miller | ||
Title: | Trustee | ||
/s/ W. Bruce Miller | |||
Name: | W. Bruce Miller | ||
Title: | Trustee | ||
DERECK GUNTHER MILLER | |||
/s/ Dereck Gunther Miller | |||
Dereck Gunther Miller | |||
THE BRETT AND SUSAN CHRISTIANSEN FAMILY TRUST | |||
/s/ Brett David Christiansen | |||
Name: Brett David Christiansen | |||
Title: | Trustee | ||
/s/ Susan Gunther Christiansen | |||
Name: | Susan Gunther Christiansen | ||
Title: | Trustee | ||
CHRISTOPHER BRETT CHRISTIANSEN | |||
/s/ Christopher Brett Christiansen | |||
Christopher Brett Christiansen | |||
BRUCE O. GUNTHER | |||
/s/ Bruce O. Gunther | |||
Bruce O. Gunther | |||
JULIE MARIE ROCKWELL | |||
/s/ Julie Marie Rockwell | |||
Julie Marie Rockwell | |||
RUTH ANN GUNTHER THOMPSON | |||
/s/ Ruth Ann Gunther Thompson | |||
Ruth Ann Gunther Thompson |
6 |
THE PAUL GUNTHER FAMILY LLC | |||
/s/ Paul Gunther | |||
Name: | Paul Gunther | ||
Title: | Managing Member | ||
/s/ Lynda C. Gunther | |||
Name: | Lynda C. Gunther | ||
Title: | Managing Member | ||
JANELLE GUNTHER | |||
/s/ Janelle Gunther | |||
Janelle Gunther | |||
JORDAN GUNTHER | |||
/s/ Jordan Gunther | |||
Jordan Gunther | |||
JENESSA GUNTHER | |||
/s/ Jenessa Gunther | |||
Jenessa Gunther | |||
JILENNE GUNTHER | |||
/s/ Jilenne Gunther | |||
Jilenne Gunther | |||
JUSTUS ROBERT GUNTHER | |||
/s/ Justus Robert Gunther | |||
Justus Robert Gunther | |||
JESSE OMEGA GUNTHER | |||
/s/ Jesse Omega Gunther | |||
Jesse Omega Gunther |
JANSEN ORVILLE GUNTHER | |||
/s/ Jansen Orville Gunther | |||
Jansen Orville Gunther |
7 |
JULIA KELSEY GUNTHER | |||
/s/ Julia Kelsey Gunther | |||
Julia Kelsey Gunther | |||
THE PAUL AND MIRIAM THOMAS FAMILY LLC | |||
/s/ Paul Y. Thomas | |||
Name: | Paul Y. Thomas | ||
Title: | Managing Member | ||
/s/ Miriam G. Thomas | |||
Name: | Miriam G. Thomas | ||
Title: | Managing Member | ||
HETS, LLC | |||
/s/ Eric Neal Sabourin | |||
Name: | Eric Neal Sabourin | ||
Title: | Manager | ||
/s/ Heather Thomas-Sabourin | |||
Name: | Heather Thomas-Sabourin | ||
Title: | Manager |
BLAINE GUNTHER INVESTMENTS, L.C. | |||
/s/ Blaine C. Gunther | |||
Name: | Blaine C. Gunther | ||
Title: | Member | ||
/s/ Linda Gunther | |||
Name: | Linda Gunther | ||
Title: | Member | ||
/s/ Kristin Gunther Howard | |||
Name: | Kristin Gunther Howard | ||
Title: | Member | ||
/s/ Jonathan Blaine Gunther | |||
Name: | Jonathan Blain Gunther | ||
Title: | Member | ||
/s/ Anne Marie Gunther | |||
Name: | Anne Marie Gunther | ||
Title: | Member | ||
BLAINE C. GUNTHER TRUST | |||
/s/ Blaine C. Gunther |
|||
Name: |
Blaine C. Gunther | ||
Title: |
Trustee |
8 |
THE JOHN W. HOWARD II AND KRISTIN G. HOWARD TRUST FBO HOWARD FAMILY TRUST U/A JAN. 3, 2002 | |||
/s/ John W. Howard II | |||
Name: | John W. Howard II | ||
Title: | Trustee | ||
/s/ Kristin G. Howard | |||
Name: | Kristin G. Howard | ||
Title: | Trustee | ||
JONATHAN BLAINE GUNTHER | |||
/s/ Jonathan Blaine Gunther | |||
Jonathan Blaine Gunther | |||
THE LIVING TRUST OF JONATHAN BLAINE GUNTHER AND LISA PETERSEN GUNTHER | |||
/s/ Jonathan Blaine Gunther | |||
Name: | Jonathan Blaine Gunther | ||
Title: | Trustee | ||
/s/ Lisa Petersen Gunther | |||
Name: | Lisa Petersen Gunther | ||
Title: | Trustee |
ANNE MARIE GUNTHER | |||
/s/ Anne Marie Gun ther | |||
Anne Marie Gunther | |||
GUNTHER HOLDING COMPANY L.C. | |||
/s/ Dean Gunther | |||
Name: | Dean Gunther | ||
Title: | Manager |
9 |
THE GUNTHER FAMILY TRUST | |||
/s/ Dean Gunther | |||
Name: | Dean Gunther | ||
Title: | Trustee | ||
/s/ Deana Gunther | |||
Name: | Deana Gunther | ||
Title: | Trustee | ||
DEBRA GUNTHER HOLLEY | |||
/s/ Debra Gunther Holley | |||
Debra Gunther Holley | |||
STEPHEN H. HOLLEY | |||
/s/ Stephen H. Holley | |||
Stephen H. Holley | |||
RUPRECHT & CO., L.L.C. | |||
/s/ Stephen H. Holley | |||
Name: | Stephen H. Holley | ||
Title: | Member-Manager | ||
/s/ Debra Gunther Holley | |||
Name: | Debra Gunther Holley | ||
Title: | Member-Manager |
THE NEWBOLD FAMILY TRUST | |||
/s/ Jace Tyler Newbold | |||
Name: | Jace Tyler Newbold | ||
Title: | Trustee | ||
/s/ Rebecca Holley Newbold | |||
Name: | Rebecca Holley Newbold | ||
Title: | Trustee | ||
STEPHEN MARK HOLLEY | |||
/s/ Stephen Mark Holley | |||
Stephen Mark Holley |
10 |
BENJAMIN HOLLEY | |||
/s/ Benjamin Holley | |||
Benjamin Holley | |||
ANDREA HOLLEY | |||
/s/ Andrea Holley | |||
Andrea Holley |
11