Royal Bancshares of Pennsylvania (RBPAA) Inactive
Filed: 22 Jul 14, 12:00am
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Royal Bancshares of Pennsylvania Inc
(Name of Issuer)
Class A Common Stock, Par Value $2.00
(Title of Class of Securities)
780081105
(CUSIP Number)
July 18, 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:
| x | 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 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 13G
| CUSIP No. 69912T108 | Page 2 of 4 Pages |
| 1 | NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Emerald Advisers, Inc. | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) _______ (b) _______
| |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania |
NUMBER OF | 5 | SOLE VOTING POWER
187,250 shares |
| 6 | SHARED VOTING POWER
0 shares | |
| 7 | SOLE DISPOSITIVE POWER
1,775,739 shares | |
| 8 | SHARED DISPOSITIVE POWER
0 shares |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,775,739 shares | |
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
| |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.93% | |
| 12 | TYPE OF REPORTING PERSON (See Instructions)
IA |
| 2 |
| Schedule 13G | Page 3 of 4 |
Item 1.
| (a) | The name of the issuer is Royal Bancshares of Pennsylvania Inc. |
| (b) | The address of the issuer’s principal executive office is 732 Montgomery Avenue, Narberth, Pennsylvania 19072. |
Item 2.
| (a) | The name of the person filing is Emerald Advisers, Inc. |
| (b) | The address of the principal office of the person filing is 3175 Oregon Pike, Leola, Pennsylvania 17540. |
| (c) | The state of organization is Pennsylvania. |
| (d) | The title of class of security is Class A Common Stock, par value $2.00. |
| (e) | The CUSIP number is 780081105. |
Item 3.
The person filing is an Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940.
Item 4.
| (a) | The amount beneficially owned is 1,775,739 shares. |
| (b) | The percent of class is 7.93% based on 22,400,000 shares issued. |
| (c)(i) | The number of shares as to which Emerald Advisers, Inc. has sole voting power is 187,250. |
| (c)(ii) | The number of shares as to which Emerald Advisers, Inc. has shared voting power is 0. |
| (c)(iii) | The number of shares as to which Emerald Advisers, Inc. has sole dispositive power is 1,775,739. |
| (c)(iv) | The number of shares as to which Emerald Advisers, Inc. has shared dispositive power is 0. |
Item 5.
This statement is NOT 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.
| 3 |
| Schedule 13G | Page 4 of 4 |
Item 6.
Other persons have the right to receive and/or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities.
Item 7.
Not applicable.
Item 8.
Not applicable.
Item 9.
Not applicable.
Item 10.
By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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 such securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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 22, 2014
Date
/s/ Kenneth G. Mertz II
Signature
Kenneth G. Mertz II, President
Name/Title
| 4 |