UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Old Line Bancshares, Inc. (OLBK) |
(Name of Issuer) |
|
Common Stock |
(Title of Class of Securities) |
|
67984M100 |
(CUSIP Number) |
|
12/31/2014 |
(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) |
| | |
| ☒ | 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).
CUSIP No. 67984M100 | Page2 of17 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) | Financial Opportunity Fund LLC |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) [x] (b) [_] |
3 | SEC USE ONLY | |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | Delaware |
NUMBER OF SHARES | 5 | SOLE VOTING POWER | |
BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER | 170,225(1) |
EACH REPORTING | 7 | SOLE DISPOSITIVE POWER | |
PERSON WITH | 8 | SHARED DISPOSITIVE POWER | 170,225 (1) |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 170,225 (1) |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | [ ] |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 1.57% |
12 | TYPE OF REPORTING PERSON | OO |
| | | | |
(1) Consists of 170,225 common stock.
CUSIP No. 67984M100 | Page3 of17 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) | Bridge Equities III LLC |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) [x] (b) [_] |
3 | SEC USE ONLY | |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | Delaware |
NUMBER OF SHARES | 5 | SOLE VOTING POWER | |
BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER | 415,385 (1) |
EACH REPORTING | 7 | SOLE DISPOSITIVE POWER | |
PERSON WITH | 8 | SHARED DISPOSITIVE POWER | 415,385 (1) |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 415,385 (1) |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | [ ] |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 3.84% |
12 | TYPE OF REPORTING PERSON | OO |
| | | | |
(1) Consists of 415,385 shares of common stock.
CUSIP No. 67984M100 | Page4 of17 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) | FJ Capital Management LLC |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) [x] (b) [_] |
3 | SEC USE ONLY | |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | Delaware |
NUMBER OF SHARES | 5 | SOLE VOTING POWER | |
BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER | 587,876 (1) |
EACH REPORTING | 7 | SOLE DISPOSITIVE POWER | |
PERSON WITH | 8 | SHARED DISPOSITIVE POWER | 172,491 (2) |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 587,876 (1) |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | [ ] |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 5.44% |
12 | TYPE OF REPORTING PERSON | OO |
| | | | |
| (1) | Consists of 415,385 shares of common stock held by Bridge Equities III LLC, of which FJ Capital Management LLC is the sub-investment advisor, 170,225 shares of common stock held by Financial Opportunity Fund LLC, of which FJ Capital Management LLC is the managing member and 2,266 shares of common stock owned by a managed account that FJ Capital Management LLC manages. |
| (2) | Consists of 170,225 shares of common stock owned by the Financial Opportunity Fund LLC, of which FJ Capital Management LLC is the managing member, and 2,266 shares of common stock owned by a managed account that FJ Capital Management LLC manages. |
CUSIP No. 67984M100 | Page5 of17 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) | Martin S. Friedman |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) [x] (b) [_] |
3 | SEC USE ONLY | |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | United States |
NUMBER OF SHARES | 5 | SOLE VOTING POWER | |
BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER | 587,876 (1) |
EACH REPORTING | 7 | SOLE DISPOSITIVE POWER | |
PERSON WITH | 8 | SHARED DISPOSITIVE POWER | 172,491 (2) |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 587,876 (1) |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | [ ] |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 5.44% |
12 | TYPE OF REPORTING PERSON | IN |
| | | | |
(1) Consists of 415,385 shares of common stock held by Bridge Equities III LLC, of which FJ Capital Management LLC is the sub-investment advisor, 170,225 shares of common stock held by Financial Opportunity Fund LLC, of which FJ Capital Management LLC is the managing member and 2,266 shares of common stock owned by a managed account that FJ Capital Management LLC manages.
(2) Consists of 170,225 shares of common stock owned by the Financial Opportunity Fund LLC, of which FJ Capital Management LLC is the managing member, and 2,266 shares of common stock owned by a managed account that FJ Capital Management LLC manages.
CUSIP No. 67984M100 | Page6 of17 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) | Andrew Jose |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) [x] (b) [_] |
3 | SEC USE ONLY | |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | United States |
NUMBER OF SHARES | 5 | SOLE VOTING POWER | |
BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER | 3,734 (1) |
EACH REPORTING | 7 | SOLE DISPOSITIVE POWER | |
PERSON WITH | 8 | SHARED DISPOSITIVE POWER | 3,734 (1) |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 3,734 (1) |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | [ ] |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.03% |
12 | TYPE OF REPORTING PERSON | IN |
| | | | |
(1) Consists of 3,734 shares of common stock owned by Andrew Jose, co-founder and managing partner of FJ Capital Management LLC.
CUSIP No. 67984M100 | Page7 of17 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) | SunBridge Manager LLC |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) [x] (b) [_] |
3 | SEC USE ONLY | |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | Delaware |
NUMBER OF SHARES | 5 | SOLE VOTING POWER | |
BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER | 415,385 (1) |
EACH REPORTING | 7 | SOLE DISPOSITIVE POWER | |
PERSON WITH | 8 | SHARED DISPOSITIVE POWER | 415,385 (1) |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 415,385 (1) |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | [ ] |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 3.84% |
12 | TYPE OF REPORTING PERSON | OO |
| | | | |
(1) Consists of 415,385 shares of restricted common stock held by Bridge Equities III LLC, of which SunBridge Manager, LLC is the Managing Member.
CUSIP No. 67984M100 | Page8 of17 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) | SunBridge Holdings LLC |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) [x] (b) [_] |
3 | SEC USE ONLY | |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | Delaware |
NUMBER OF SHARES | 5 | SOLE VOTING POWER | |
BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER | 415,385 (1) |
EACH REPORTING | 7 | SOLE DISPOSITIVE POWER | |
PERSON WITH | 8 | SHARED DISPOSITIVE POWER | 415,385 (1) |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 415,385 (1) |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | [ ] |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 3.84% |
12 | TYPE OF REPORTING PERSON | OO |
| | | | |
(1) Consists of 415,385 shares of restricted common stock held by Bridge Equities III LLC, of which SunBridge Manager, LLC is the Managing Member. SunBridge Holdings, LLC is the Managing Member of SunBridge Manager, LLC.
CUSIP No. 67984M100 | Page9 of17 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) | Realty Investment Company Inc |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) [x] (b) [_] |
3 | SEC USE ONLY | |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | Maryland |
NUMBER OF SHARES | 5 | SOLE VOTING POWER | |
BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER | 415,385 (1) |
EACH REPORTING | 7 | SOLE DISPOSITIVE POWER | |
PERSON WITH | 8 | SHARED DISPOSITIVE POWER | 415,385 (1) |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 415,385 (1) |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | [ ] |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 3.84% |
12 | TYPE OF REPORTING PERSON | CO |
| | | | |
(1) Consists of 415,385 shares of restricted common stock held by Bridge Equities III LLC, of which SunBridge Manager, LLC is the Managing Member. SunBridge Holdings, LLC is the Managing Member of SunBridge Manager, LLC. Realty Investment Company, Inc. is the Manager of SunBridge Holdings, LLC.
CUSIP No. 67984M100 | Page10 of17 |
Item 1(a). | | Name of Issuer: |
| | |
| | Old Line Bancshares, Inc. (OLBK) |
| | |
Item 1(b). | | Address of Issuer’s Principal Executive Offices: |
| | |
| | 1525 Pointer Ridge Place Bowie, MD 20716 |
| |
| | |
Item 2(a). | | Name of Person Filing: |
| | |
| | This Schedule 13G is being filed on behalf of the following Reporting Persons: Financial Opportunity Fund LLC Bridge Equities III LLC FJ Capital Management LLC |
| | Martin S. Friedman Andrew Jose SunBridge Manager LLC SunBridge Holdings LLC Realty Investment Company Inc |
Item 2(b). | | Address of Principal Business Office or, if None, Residence: |
| | Financial Opportunity Fund LLC 1313 Dolley Madison Blvd., Ste 306 |
| | McLean, VA 22101 Bridge Equities III LLC 8171 Maple Lawn Blvd, Suite 375 Fulton, MD 20759 FJ Capital Management, LLC 1313 Dolley Madison Blvd., Ste 306 |
| | McLean, VA 22101 Martin S. Friedman 1313 Dolley Madison Blvd., Ste 306 McLean, VA 22101 Andrew Jose 1313 Dolley Madison Blvd., Ste 306 McLean, VA 22101 SunBridge Manager LLC 8171 Maple Lawn Blvd, Suite 375 Fulton, MD 20759 SunBridge Holdings LLC 8171 Maple Lawn Blvd, Suite 375 Fulton, MD 20759 Realty Investment Company Inc 8171 Maple Lawn Blvd, Suite 375 Fulton, MD 20759 |
CUSIP No. 67984M100 | Page11 of17 |
Item 2(c). | | Citizenship: |
| | |
| | Financial Opportunity Fund LLC, Bridge Equities III LLC, FJ Capital Management LLC, SunBridge Manager LLC, SunBridge Holdings LLC – Delaware limited liability companies |
| | Martin S. Friedman – United States citizen Andrew Jose – United States citizen |
| | Realty Investment Company Inc – Maryland corporation |
| | |
Item 2(d). | | Title of Class of Securities: |
| | |
| | Common Stock |
| | |
Item 2(e). | | CUSIP Number: |
| | |
| | 67984M100 |
| | |
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 (15 U.S.C. 78c). |
| | | |
| (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)(ii)(G); |
| | | |
| (h) | ☐ | A savings association 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 (15 U.S.C. 80a-3); |
| | | |
| (j) | ☐ | Group, in accordance with §240.13d-1(b)(1)(ii)(J). |
Item 4. | Ownership. |
| |
| Ownership information is provided as of: |
CUSIP No. 67984M100 | Page12 of17 |
| (a) | Amount beneficially owned: |
| | |
| | Financial Opportunity Fund LLC – 170,225 shares Bridge Equities III LLC – 415,385 shares FJ Capital Management LLC – 587,876 shares Martin S. Friedman – 587,876 shares Andrew Jose – 3,734 Shares SunBridge Manager LLC – 415,385 shares SunBridge Holdings LLC - 415,385 shares Realty Investment Company Inc -415,385 shares |
| | |
| (b) | Percent of class: |
| | |
| | Financial Opportunity Fund LLC – 1.57% Bridge Equities III LLC - 3.84% FJ Capital Management LLC – 5.44% Martin S. Friedman – 5.44% Andrew Jose – 0.03% SunBridge Manager LLC - 3.84% SunBridge Holdings LLC - 3.84% Realty Investment Company Inc - 3.84% |
| | |
| (c) | Number of shares as to which such person has: |
| | |
| | (i) | Sole power to vote or to direct the vote |
| | | |
| | | All Reporting Persons – 0 |
| | | |
| | (ii) | Shared power to vote or to direct the vote |
| | | |
| | | Financial Opportunity Fund LLC – 170,225 shares Bridge Equities III LLC – 415,385 shares FJ Capital Management LLC – 587,876 shares Martin S. Friedman – 587,876 shares Andrew Jose – 3,734 Shares SunBridge Manager LLC – 415,385 shares SunBridge Holdings LLC - 415,385 shares Realty Investment Company Inc -415,385 shares |
| | | |
| | (iii) | Sole power to dispose or to direct the disposition of |
| | | |
| | | All Reporting Persons – 0 |
| | | |
| | (iv) | Shared power to dispose or to direct the disposition of |
| | | |
| | | Financial Opportunity Fund LLC – 170,225 shares Bridge Equities III LLC – 415,385 shares FJ Capital Management LLC – 172,491 shares Martin S. Friedman – 172,491 shares Andrew Jose – 3,734 Shares SunBridge Manager LLC – 415,385 shares SunBridge Holdings LLC - 415,385 shares Realty Investment Company Inc -415,385 shares |
CUSIP No. 67984M100 | Page13 of17 |
Item 5. | Ownership of Five Percent or Less of a Class. |
| |
| N/A |
| |
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
| |
| N/A |
| |
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
| |
| N/A |
| |
Item 8. | Identification and Classification of Members of the Group. |
| |
| Due to the relationships among them, the reporting persons hereunder may be deemed to constitute a “group” with one another for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934. |
| |
Item 9. | Notice of Dissolution of Group. |
| |
| N/A |
| |
Item 10. | Certification. |
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.
CUSIP No. 67984M100 | Page14 of17 |
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: 02/13/2015 | Financial Opportunity Fund LLC By: FJ Capital Management LLC, its Managing Member By:/s/ Martin S. Friedman Name: Martin S. Friedman Title: Managing Member FJ Capital Management LLC By:/s/ Martin S. Friedman Name: Title: /s/ Martin S. Friedman MARTIN S. FRIEDMAN |
CUSIP No. 67984M100 | Page15 of17 |
| |
| Andrew F. Jose By:/s/ Andrew F. Jose Name: Andrew F. Jose Title: Co-Founder and Managing Partner |
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C, 1001)
CUSIP No. 67984M100 | Page16 of17 |
| �� |
| Bridge Equities III, LLC By: SunBridge Manager, LLC, its Managing Member By:/s/ Christine A. Shreve Name: Christine A. Shreve Title: Manager SunBridge Manager, LLC By:/s/ Christine A. Shreve Name: Christine A. Shreve Title: Manager SunBridge Holdings, LLC By: Realty Investment Company, Inc., its Manager By:/s/ Christine A. Shreve Name: Christine A. Shreve Title: President realty investment company, inc. By:/s/ Christine A. Shreve Name: Christine A. Shreve Title: President |
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C, 1001)
CUSIP No. 67984M100 | Page17 of17 |
Exhibit 1
Joint Filing Agreement
The undersigned agree that this Schedule 13G, and all amendments thereto, relating to the Common Stock and Restricted Common Stock of Old Line Bancshares, Inc. shall be filed on behalf of the undersigned.
FINANCIAL OPPORTUNITY Fund LLC By: FJ Capital Management, LLC By: /s/ Martin S. Friedman Name: Martin S. Friedman Title: Managing Member FJ Capital Management LLC By: /s/ Martin S. Friedman Name: Martin S. Friedman Title: Managing Member /s/ Martin S. Friedman MARTIN S. FRIEDMAN ANDREW JOSE By:/s/ Andrew Jose Name: Andrew Jose Title: Co-founder & Managing Partner | | Bridge Equities III, LLC By: SunBridge Manager, LLC, its Managing Member By: /s/ Christine A. Shreve Name: Christine A. Shreve Title: Manager SunBridge Manager, LLC By: /s/ Christine A. Shreve Name: Christine A. Shreve Title: Manager SunBridge Holdings, LLC By: Realty Investment Company, Inc., its Manager By: /s/ Christine A. Shreve Name: Christine A. Shreve Title: President realty investment company, inc. By: /s/ Christine A. Shreve Name: Christine A. Shreve Title: President |