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. 3)
FRANKLIN FINANCIAL CORPORATION
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
35353C102
(CUSIP Number)
LAWRENCE B. SEIDMAN
100 Misty Lane, 1st Floor
Parsippany, New Jersey 07054
(973) 952-0405
STEVEN WOLOSKY, ESQ.
OLSHAN FROME WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 21, 2014
(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 .
1 | NAME OF REPORTING PERSONS Seidman and Associates, L.L.C. |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) x |
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 243,995 |
8 | SHARED VOTING POWER - 0 - |
9 | SOLE DISPOSITIVE POWER 243,995 |
10 | SHARED DISPOSITIVE POWER - 0 - |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 243,995 |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.06% |
14 | TYPE OF REPORTING PERSON OO |
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 158,161 |
8 | SHARED VOTING POWER - 0 - |
9 | SOLE DISPOSITIVE POWER 158,161 |
10 | SHARED DISPOSITIVE POWER - 0 - |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 158,161 |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.34% |
14 | TYPE OF REPORTING PERSON PN |
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 206,200 |
8 | SHARED VOTING POWER - 0 - |
9 | SOLE DISPOSITIVE POWER 206,200 |
10 | SHARED DISPOSITIVE POWER - 0 - |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 206,200 |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.74% |
14 | TYPE OF REPORTING PERSON PN |
1 | NAME OF REPORTING PERSONS Seidman Investment Partnership III, 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 22,500 |
8 | SHARED VOTING POWER - 0 - |
9 | SOLE DISPOSITIVE POWER 22,500 |
10 | SHARED DISPOSITIVE POWER - 0 - |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,500 |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.19% |
14 | TYPE OF REPORTING PERSON PN |
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 86,781 |
8 | SHARED VOTING POWER - 0 - |
9 | SOLE DISPOSITIVE POWER 86,781 |
10 | SHARED DISPOSITIVE POWER - 0 - |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 86,781 |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.73% |
14 | TYPE OF REPORTING PERSON OO |
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 93,089 |
8 | SHARED VOTING POWER - 0 - |
9 | SOLE DISPOSITIVE POWER 93,089 |
10 | SHARED DISPOSITIVE POWER - 0 - |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 93,089 |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.79% |
14 | TYPE OF REPORTING PERSON OO |
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 114,629 |
8 | SHARED VOTING POWER - 0 - |
9 | SOLE DISPOSITIVE POWER 114,629 |
10 | SHARED DISPOSITIVE POWER - 0 - |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 114,629 |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.97% |
14 | TYPE OF REPORTING PERSON OO |
1 | NAME OF REPORTING PERSONS 2514 Multi-Strategy Fund, 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 45,583 |
8 | SHARED VOTING POWER - 0 - |
9 | SOLE DISPOSITIVE POWER 45,583 |
10 | SHARED DISPOSITIVE POWER - 0 - |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 45,583 |
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 |
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 565,771 |
8 | SHARED VOTING POWER - 0 - |
9 | SOLE DISPOSITIVE POWER 565,771 |
10 | SHARED DISPOSITIVE POWER - 0 - |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 565,771 |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.79% |
14 | TYPE OF REPORTING PERSON CO |
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 970,938 |
8 | SHARED VOTING POWER - 0 - |
9 | SOLE DISPOSITIVE POWER 970,938 |
10 | SHARED DISPOSITIVE POWER - 0 - |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 970,938 |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.21% |
14 | TYPE OF REPORTING PERSON IN |
The following constitutes Amendment No. 3 to the Schedule 13D filed by the undersigned ("Amendment No. 3"). This Amendment No. 3 amends the Schedule 13D as specifically set forth.
Item 3. | Source and Amount of Funds or Other Consideration. |
Item 3 is hereby amended and restated to read as follows:
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 970,938 shares beneficially owned in the aggregate by the Reporting Persons is approximately $14,731,441, including brokerage commissions.
Item 5. | Interest in Securities of the Issuer. |
Item 5 is hereby amended and restated to read as follows:
The aggregate percentage of Shares reported owned by each Reporting Person is based upon 11,823,623 Shares outstanding, which is the total number of Shares outstanding, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on May 9, 2014.
(a) | As of the close of business on July 16, 2014, SAL beneficially owned 243,995 Shares. |
Percentage: Approximately 2.06%.
(b) | 1. Sole power to vote or direct the vote: 243,995 |
| 2. Shared power to vote or direct the vote: 0 |
| 3. Sole power to dispose or direct the disposition: 243,995 |
| 4. Shared power to dispose or direct the disposition: 0 |
(c) | The transactions in the Shares by SAL during the past 60 days are set forth in Schedule B and are incorporated herein by reference. |
(a) | As of the close of business on July 16, 2014, SIP beneficially owned 158,161 Shares. |
Percentage: Approximately 1.34%.
(b) | 1. Sole power to vote or direct the vote: 158,161 |
| 2. Shared power to vote or direct the vote: 0 |
| 3. Sole power to dispose or direct the disposition: 158,161 |
| 4. Shared power to dispose or direct the disposition: 0 |
(c) | The transactions in the Shares by SIP during the past 60 days are set forth in Schedule B and are incorporated herein by reference. |
(a) | As of the close of business on July 16, 2014, SIPII beneficially owned 206,200 Shares. |
Percentage: Approximately 1.74%.
(b) | 1. Sole power to vote or direct the vote: 206,200 |
| 2. Shared power to vote or direct the vote: 0 |
| 3. Sole power to dispose or direct the disposition: 206,200 |
| 4. Shared power to dispose or direct the disposition: 0 |
(c) | The transactions in the Shares by SIPII during the past 60 days are set forth in Schedule B and are incorporated herein by reference. |
(a) | As of the close of business on July 16, 2014, SIPIII beneficially owned 22,500 Shares. |
Percentage: Approximately 0.19%.
(b) | 1. Sole power to vote or direct the vote: 22,500 |
| 2. Shared power to vote or direct the vote: 0 |
| 3. Sole power to dispose or direct the disposition: 22,500 |
| 4. Shared power to dispose or direct the disposition: 0 |
(c) | SIPIII has not entered into any transactions in the Shares during the past 60 days. |
(a) | As of the close of business on July 16, 2014, LSBK beneficially owned 86,781 Shares. |
Percentage: Approximately 0.73%.
(b) | 1. Sole power to vote or direct the vote: 86,781 |
| 2. Shared power to vote or direct the vote: 0 |
| 3. Sole power to dispose or direct the disposition: 86,781 |
| 4. Shared power to dispose or direct the disposition: 0 |
(c) | The transactions in the Shares by LSBK during the past 60 days are set forth in Schedule B and are incorporated herein by reference. |
(a) | As of the close of business on July 16, 2014, Broad Park beneficially owned 93,089 Shares. |
Percentage: Approximately 0.79%.
(b) | 1. Sole power to vote or direct the vote: 93,089 |
| 2. Shared power to vote or direct the vote: 0 |
| 3. Sole power to dispose or direct the disposition: 93,089 |
| 4. Shared power to dispose or direct the disposition: 0 |
(c) | The transactions in the Shares by Broad Park during the past 60 days are set forth in Schedule B and are incorporated herein by reference. |
(a) | As of the close of business on July 16, 2014, CBPS beneficially owned 114,629 Shares. |
Percentage: Approximately 0.97%.
(b) | 1. Sole power to vote or direct the vote: 114,629 |
| 2. Shared power to vote or direct the vote: 0 |
| 3. Sole power to dispose or direct the disposition: 114,629 |
| 4. Shared power to dispose or direct the disposition: 0 |
(c) | CBPS has not entered into any transactions in the Shares during the past 60 days. |
(a) | As of the close of business on July 16, 2014, 2514 MSF beneficially owned 45,583 Shares. |
Percentage: Approximately 0.39%.
(b) | 1. Sole power to vote or direct the vote: 45,583 |
| 2. Shared power to vote or direct the vote: 0 |
| 3. Sole power to dispose or direct the disposition: 45,583 |
| 4. Shared power to dispose or direct the disposition: 0 |
(c) | The transactions in the Shares by 2514 MSF during the past 60 days are set forth in Schedule B and are incorporated herein by reference. |
(a) | Veteri, (i) as the corporate general partner of each of SIP and SIPII, may be deemed the beneficial owner of the 158,161 Shares owned by SIP and the 206,200 Shares owned by SIPII, and (ii) as the Trading Advisor of each of LSBK and CBPS, may be deemed the beneficial owner of the 86,781 Shares owned by LSBK and the 114,629 shares owned by CBPS. Accordingly, Veteri may be deemed the beneficial owner of an aggregate of 565,771 Shares. |
Percentage: Approximately 4.79%.
(b) | 1. Sole power to vote or direct the vote: 565,771 |
| 2. Shared power to vote or direct the vote: 0 |
| 3. Sole power to dispose or direct the disposition: 565,771 |
| 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. CBPS has not entered into any transactions in the Shares during the past 60 days. The transactions in the Shares by SIP, SIPII, and LSBK during the past 60 days are set forth in Schedule B and are incorporated herein by reference. |
(a) | Seidman, (i) as the manager of SAL, may be deemed the beneficial owner of the 243,995 Shares owned by SAL, (ii) as the sole officer of Veteri, the corporate general partner of each of SIP and SIPII, may be deemed the beneficial owner of the 158,161 Shares owned by SIP and the 206,200 Shares owned by SIPII, and (iii) as the sole officer of Veteri, the Trading Advisor of each of LSBK and CBPS, may be deemed the beneficial owner of the 86,781 Shares owned by LSBK and the 114,629 Shares owned by CBPS, and (iv) as the investment manager for each of Broad Park and 2514 MSF, may be deemed the beneficial owner of the 93,089 Shares owned by Broad Park and the 45,583 Shares owned by 2514 MSF. Accordingly, Seidman may be deemed the beneficial owner of an aggregate of 970,938 Shares. In the foregoing capacities, Seidman has sole and exclusive investment discretion and voting authority with respect to all such Shares. |
Percentage: Approximately 8.21%.
(b) | 1. Sole power to vote or direct the vote: 970,938 |
| 2. Shared power to vote or direct the vote: 0 |
| 3. Sole power to dispose or direct the disposition: 970,938 |
| 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. SIPIII and CBPS have not entered into any transactions in the Sahres during the past 60 days. The transactions in the Shares during the past 60 days on behalf of SAL, SIP, SIPII, LSBK, Broad Park, and 2514 MSF are set forth on Schedule B and incorporated herein by reference. |
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 Securities Exchange Act of 1934, as amended (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, none of the persons listed on Schedule A 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. |
Item 7. | Material to be Filed as Exhibits. |
Item 7 is hereby amended to add the following exhibit:
99.2 | Joint Filing Agreement, dated July 16, 2014, by and among SAL, SIP, SIPII, SIPIII, LSBK, Broad Park, CBPS, 2514 MSF, Veteri and Seidman. |
CUSIP No. 35353C102
Signature Page to Franklin Financial Corporation Schedule 13D
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: July 16, 2014 | 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 |
| SEIDMAN INVESTMENT PARTNERSHIP III, L.P. |
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| By: | JBRC I, L.L.C., its Co-General Partner |
| |
| |
| By: | /ss/ Lawrence B. Seidman |
| | Lawrence B. Seidman Managing Member |
| LSBK06-08, L.L.C |
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| 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 |
| CBPS, LLC |
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| By: | Veteri Place Corporation, its Trading Advisor |
| |
| |
| By: | /ss/ Lawrence B. Seidman |
| | Lawrence B. Seidman President |
| 2514 MULTI-STRATEGY FUND, L.P. |
| |
| |
| By: | /ss/ Lawrence B. Seidman |
| | Lawrence B. Seidman Investment Manager |
| VETERI PLACE CORPORATION |
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| By: | /ss/ Lawrence B. Seidman |
| | Lawrence B. Seidman President |
| /ss/ Lawrence B. Seidman |
| LAWRENCE B. SEIDMAN |
SCHEDULE A
Name | Principal Business/Occupation | Principal Business Address | Citizenship |
Michael Mandelbaum | Private Investor and Businessman | 80 Main Street, Suite 510, West Orange, New Jersey 07052 | United States |
D. Scott Lutrell | Chief Investment Officer of LCM Group. LCM Group is an Investment Firm and the Corporate General Partner of 2514 Multi-Strategy Fund, LP. | 100 S. Ashley Drive, Suite 2100, Tampa, Florida 33602 | United States |
SCHEDULE B
Transactions in the Shares During the Past 60 Days
Entity | Date Purch | Cost per Share* | Cost | Shares |
SAL | 5/16/2014 | 20.0036 | 112,020.00 | 5,600 |
SAL | 5/19/2014 | 19.9915 | 201,913.95 | 10,100 |
SAL | 5/23/2014 | 19.8567 | 59,570.00 | 3,000 |
SAL | 5/30/2014 | 19.8565 | 61,555.00 | 3,100 |
SAL | 6/3/2014 | 19.9200 | 19,920.00 | 1,000 |
Total | | | 454,978.95 | 22,800 |
| | | | |
SIP | 5/20/2014 | 19.9024 | 340,330.52 | 17,100 |
Total | | | 340,330.52 | 17,100 |
| | | | |
SIPII | 5/21/2014 | 19.8897 | 238,676.00 | 12,000 |
Total | | | 238,676.00 | 12,000 |
| | | | |
LSBK | 5/22/2014 | 19.8700 | 19,870.00 | 1,000 |
LSBK | 5/28/2014 | 19.8571 | 55,600.00 | 2,800 |
Total | | | 75,470.00 | 3,800 |
| | | | |
Broad Park | 6/4/2014 | 19.9069 | 57,730.00 | 2,900 |
Total | | | 57,730.00 | 2,900 |
| | | | |
2514 MSF | 5/29/2014 | 19.8625 | 31,780.00 | 1,600 |
Total | | | 31,780.00 | 1,600 |
* Includes brokerage commissions.
Exhibit 99.2
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including amendments thereto) with respect to the Common Stock, par value $0.01 per share, of Franklin Financial Corporation. This Joint Filing Agreement shall be filed as an Exhibit to such Statement.
Dated: July 16, 2014 | SEIDMAN AND ASSOCIATES, L.L.C. |
| |
| |
| By: | /ss/ Lawrence B. Seidman |
| | Lawrence B. Seidman Manager |
| SEIDMAN INVESTMENT PARTNERSHIP, L.P. |
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| By: | Veteri Place Corporation, its General Partner |
| |
| |
| By: | /ss/ Lawrence B. Seidman |
| | Lawrence B. Seidman President |
| SEIDMAN INVESTMENT PARTNERSHIP II, L.P. |
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| By: | Veteri Place Corporation, its General Partner |
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| By: | /ss/ Lawrence B. Seidman |
| | Lawrence B. Seidman President |
| SEIDMAN INVESTMENT PARTNERSHIP III, L.P. |
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| By: | JBRC I, L.L.C., its Co-General Partner |
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| |
| By: | /ss/ Lawrence B. Seidman |
| | Lawrence B. Seidman Managing Member |
| LSBK06-08, L.L.C |
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| By: | Veteri Place Corporation, its Trading Advisor |
| |
| |
| By: | /ss/ Lawrence B. Seidman |
| | Lawrence B. Seidman President |
| BROAD PARK INVESTORS, L.L.C. |
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| By: | /ss/ Lawrence B. Seidman |
| | Lawrence B. Seidman Investment Manager |
| CBPS, LLC |
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| By: | Veteri Place Corporation, its Trading Advisor |
| |
| |
| By: | /ss/ Lawrence B. Seidman |
| | Lawrence B. Seidman President |
| 2514 MULTI-STRATEGY FUND, L.P. |
| |
| |
| By: | /ss/ Lawrence B. Seidman |
| | Lawrence B. Seidman Investment Manager |
| VETERI PLACE CORPORATION |
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| By: | /ss/ Lawrence B. Seidman |
| | Lawrence B. Seidman President |
| /ss/ Lawrence B. Seidman |
| LAWRENCE B. SEIDMAN |