UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Bay Bancorp, Inc. |
(Name of Issuer) |
Common Stock, par value $1.00 per share |
(Title of Class of Securities) |
June 26, 2014 |
(Date of Event which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
___________________________________
* 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 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).
1 | Names of Reporting Persons. East Rock Capital, LLC |
2 | Check the Appropriate Box if a Member of a Group (See Instructions) |
| (a) [ ] |
| (b) [ ] |
3 | SEC Use Only |
4 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e): [ ] |
Number of Shares Beneficially Owned by Each Reporting Person With | 5 Sole Voting Power 0 |
| | 6 Shared Voting Power 1,618,436 Shares (See Item 4 below) |
| | 7 Sole Dispositive Power 0 |
| | 8 Shared Dispositive Power 1,618,436 Shares (See Item 4 below) |
9 | Aggregate Amount Beneficially Owned by Each Reporting Person 1,618,436 Shares (See Item 4 below) |
10 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) |
11 | Percent of Class Represented by Amount in Row (11) 15.0% (See Item 4 below) |
12 | Type of Reporting Person (See Instructions) OO, IA (limited liability company) |
1 | Names of Reporting Persons. East Rock Capital GP, LLC |
2 | Check the Appropriate Box if a Member of a Group (See Instructions) |
| (a) [ ] |
| (b) [ ] |
3 | SEC Use Only |
4 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e): [ ] |
Number of Shares Beneficially Owned by Each Reporting Person With | 5 Sole Voting Power 0 |
| | 6 Shared Voting Power 1,618,436 Shares (See Item 4 below) |
| | 7 Sole Dispositive Power 0 |
| | 8 Shared Dispositive Power 1,618,436 Shares (See Item 4 below) |
9 | Aggregate Amount Beneficially Owned by Each Reporting Person 1,618,436 Shares (See Item 4 below) |
10 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) |
11 | Percent of Class Represented by Amount in Row (11) 15.0% (See Item 4 below) |
12 | Type of Reporting Person (See Instructions) OO (limited liability company) |
1 | Names of Reporting Persons. EREF-MP Alpha, LLC |
2 | Check the Appropriate Box if a Member of a Group (See Instructions) |
| (a) [ ] |
| (b) [ ] |
3 | SEC Use Only |
4 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e): [ ] |
Number of Shares Beneficially Owned by Each Reporting Person With | 5 Sole Voting Power 0 |
| | 6 Shared Voting Power 1,618,436 Shares (See Item 4 below) |
| | 7 Sole Dispositive Power 0 |
| | 8 Shared Dispositive Power 1,618,436 Shares (See Item 4 below) |
9 | Aggregate Amount Beneficially Owned by Each Reporting Person 1,618,436 Shares (See Item 4 below) |
10 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) |
11 | Percent of Class Represented by Amount in Row (11) 15.0% (See Item 4 below) |
12 | Type of Reporting Person (See Instructions) OO (limited liability company) |
1 | Names of Reporting Persons. D Partners Management, LLC |
2 | Check the Appropriate Box if a Member of a Group (See Instructions) |
| (a) [ ] |
| (b) [ ] |
3 | SEC Use Only |
4 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e): [ ] |
Number of Shares Beneficially Owned by Each Reporting Person With | 5 Sole Voting Power 0 |
| | 6 Shared Voting Power 1,618,436 Shares (See Item 4 below) |
| | 7 Sole Dispositive Power 0 |
| | 8 Shared Dispositive Power 1,618,436 Shares (See Item 4 below) |
9 | Aggregate Amount Beneficially Owned by Each Reporting Person 1,618,436 Shares (See Item 4 below) |
10 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) |
11 | Percent of Class Represented by Amount in Row (11) 15.0% (See Item 4 below) |
12 | Type of Reporting Person (See Instructions) OO (limited liability company) |
1 | Names of Reporting Persons. Graham Duncan |
2 | Check the Appropriate Box if a Member of a Group (See Instructions) |
| (a) [ ] |
| (b) [ ] |
3 | SEC Use Only |
4 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e): [ ] |
Number of Shares Beneficially Owned by Each Reporting Person With | 5 Sole Voting Power 0 |
| | 6 Shared Voting Power 1,618,436 Shares (See Item 4 below) |
| | 7 Sole Dispositive Power 0 |
| | 8 Shared Dispositive Power 1,618,436 Shares (See Item 4 below) |
9 | Aggregate Amount Beneficially Owned by Each Reporting Person 1,618,436 Shares (See Item 4 below) |
10 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) |
11 | Percent of Class Represented by Amount in Row (11) 15.0% (See Item 4 below) |
12 | Type of Reporting Person (See Instructions) IN |
1 | Names of Reporting Persons. Adam Shapiro |
2 | Check the Appropriate Box if a Member of a Group (See Instructions) |
| (a) [ ] |
| (b) [ ] |
3 | SEC Use Only |
4 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e): [ ] |
Number of Shares Beneficially Owned by Each Reporting Person With | 5 Sole Voting Power 0 |
| | 6 Shared Voting Power 1,618,436 Shares (See Item 4 below) |
| | 7 Sole Dispositive Power 0 |
| | 8 Shared Dispositive Power 1,618,436 Shares (See Item 4 below) |
9 | Aggregate Amount Beneficially Owned by Each Reporting Person 1,618,436 Shares (See Item 4 below) |
10 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) |
11 | Percent of Class Represented by Amount in Row (11) 15.0% (See Item 4 below) |
12 | Type of Reporting Person (See Instructions) IN |
(a) | Name of Issuer |
| Bay Bancorp, Inc. |
(b) | Address of Issuer’s Principal Executive Offices |
| 2329 West Joppa Road, Suite 325, Lutherville, Maryland 21093 |
(a) | Name of Person Filing |
| East Rock Capital, LLC East Rock Capital GP, LLC EREF-MP Alpha, LLC D Partners Management, LLC Graham Duncan Adam Shapiro |
(b) | Address of Principal Business Office or, if none, Residence |
| 10 East 53rd Street, 31st Floor, New York, New York 10022 |
(c) | Citizenship |
| East Rock Capital, LLC - Delaware East Rock Capital GP, LLC - Delaware EREF-MP Alpha, LLC - Delaware D Partners Management, LLC - Delaware Graham Duncan - United States Adam Shapiro - United States |
(d) | Title of Class of Securities |
| Common Stock, par value $1.00 per share |
(e) | CUSIP Number |
| 07203T106 |
Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
(a) | [ ] | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). |
(b) | [ ] | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
(c) | [ ] | Insurance Company as defined in Section 3(a)(19) of the Act |
(d) | [ ] | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). |
(e) | [ ] | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
(f) | [ ] | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
(g) | [ ] | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); |
(h) | [ ] | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
(i) | [ ] | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
(j) | [ ] | A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J); |
(k) | [ ] | Group, in accordance with §240.13d-1(b)(1)(ii)(K). |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
This Schedule 13G is being filed on behalf of (i) East Rock Capital, LLC (the “Manager”); (ii) East Rock Capital GP, LLC (the “General Partner”); (iii) EREF-MP Alpha, LLC (the “Fund”); (iv) D Partners Management, LLC (“D Partners”), (v) Graham Duncan (“Mr. Duncan”) and (vi) Adam Shapiro (“Mr. Shapiro”). The persons and entities referred to in clauses (i)-(vi) hereof are collectively referred to herein as the “Reporting Persons.”
The shares of Common Stock reported herein are held for the account of the Fund. The Manager and the General Partner serve as the investment manager and the general partner, respectively, of East Rock Endowment Fund, L.P., the sole member of the Fund. D Partners serves as the managing member of the Manager and the General Partner. Mr. Duncan and Mr. Shapiro jointly manage and control the Fund, primarily as managing principals and control persons of the Manager and the General Partner. Mr. Duncan also serves as the managing member of D Partners. Each of the Manager, the General Partner, D Partners, Mr. Duncan and Mr. Shapiro may be deemed to have indirect beneficial ownership of the shares of Common Stock reported herein based on the relationships described above. Pursuant to Rule 13d-4, each of the Reporting Persons expressly declares that this Schedule 13D and any amendments hereto shall not be construed as an admission that such Reporting Person is the beneficial owner of the securities reported herein for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of its or his pecuniary interest therein.
The percentage calculations herein are based upon a statement in the registration statement on Form S-3 filed by the Issuer with the Securities and Exchange Commission on June 6, 2014, indicating that there were 10,818,773 shares of Common Stock outstanding as of June 5, 2014.
(a) | Amount Beneficially Owned*** |
| East Rock Capital, LLC East Rock Capital GP, LLC EREF-MP Alpha, LLC D Partners Management, LLC Graham Duncan Adam Shapiro | 1,618,436 Shares 1,618,436 Shares 1,618,436 Shares 1,618,436 Shares 1,618,436 Shares 1,618,436 Shares |
(b) | Percent of Class |
| East Rock Capital, LLC East Rock Capital GP, LLC EREF-MP Alpha, LLC D Partners Management, LLC Graham Duncan Adam Shapiro | 15.0% 15.0% 15.0% 15.0% 15.0% 15.0% |
(c) | Number of shares as to which such person has: |
| (i) | sole power to vote or to direct the vote |
| | East Rock Capital, LLC East Rock Capital GP, LLC EREF-MP Alpha, LLC D Partners Management, LLC Graham Duncan Adam Shapiro | 0 0 0 0 0 0 |
| (ii) | shared power to vote or to direct the vote |
| | East Rock Capital, LLC East Rock Capital GP, LLC EREF-MP Alpha, LLC D Partners Management, LLC Graham Duncan Adam Shapiro | 1,618,436 Shares 1,618,436 Shares 1,618,436 Shares 1,618,436 Shares 1,618,436 Shares 1,618,436 Shares |
| (iii) | sole power to dispose or to direct the disposition of |
| | East Rock Capital, LLC East Rock Capital GP, LLC EREF-MP Alpha, LLC D Partners Management, LLC Graham Duncan Adam Shapiro | 0 0 0 0 0 0 |
| (iv) | shared power to dispose or to direct the disposition of |
| | East Rock Capital, LLC East Rock Capital GP, LLC EREF-MP Alpha, LLC D Partners Management, LLC Graham Duncan Adam Shapiro | 1,618,436 Shares 1,618,436 Shares 1,618,436 Shares 1,618,436 Shares 1,618,436 Shares 1,618,436 Shares |
Item 5. | Ownership of Five Percent or Less of a Class |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].
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 |
| Not applicable. |
Item 9. | Notice of Dissolution of Group |
| Not applicable. |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
Exhibits | Exhibit |
99.1 | Joint Filing Agreement by and among the Reporting Persons |
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.
July 2, 2014 | EAST ROCK CAPITAL, LLC |
| |
| By: D Partners Management, LLC |
| its Managing Member |
| |
| By: /s/ Graham Duncan |
| Managing Member |
| |
| |
| EAST ROCK CAPITAL GP, LLC |
| |
| By: D Partners Management, LLC |
| its Managing Member |
| |
| By: /s/ Graham Duncan |
| Managing Member |
| |
| |
| EREF-MP ALPHA, LLC |
| |
| By: East Rock Endowment Fund, L.P. |
| its Managing Member |
| |
| By: East Rock Capital GP, LLC |
| its General Partner |
| |
| By: D Partners Management, LLC |
| its Managing Member |
| |
| By: /s/ Graham Duncan |
| Managing Member |
| |
| |
| D PARTNERS MANAGEMENT, LLC |
| |
| By: /s/ Graham Duncan |
| Managing Member |
| |
| |
| GRAHAM DUNCAN |
| |
| By: /s/ Graham Duncan |
| Graham Duncan, Individually |
| |
| ADAM SHAPIRO |
| |
| By: /s/ Adam Shapiro |
| Adam Shapiro, Individually |