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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 and 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)*
KENWOOD BANCORP, INC.
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE PER SHARE
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(Title of Class of Securities)
491784 10 4
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(CUSIP Number)
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Page 1 of 6 Pages
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CUSIP NO. 491784 10 4 13G Page 2 of 6 Pages
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITY ONLY)
Kenwood Bancorp, Inc. Employee Stock Ownership Plan Trust
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5. SOLE VOTING POWER
9,774
NUMBER OF ----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 2,838
EACH ----------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 9,774
WITH ----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
2,838
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,612
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.3%
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12. TYPE OF REPORTING PERSON
EP
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CUSIP NO. 491784 10 4 13G Page 3 of 6 Pages
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Item 1(a). Name of Issuer:
Kenwood Bancorp, Inc.
Item 1(b). Address of Issuer's Principal Executive Office:
7711 Montgomery Road
Cincinnati, Ohio 45236
Item 2(a). Name of Person Filing:
Kenwood Bancorp, Inc. Employee Stock Ownership Plan Trust.
Item 2(b). Address of Principal Business Office, or, if None, Residence:
Kenwood Bancorp, Inc.
7711 Montgomery Road
Cincinnati, Ohio 45236
Item 2(c). Citizenship:
United States
Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value per share.
Item 2(e). CUSIP Number:
491784 10 4.
Item 3. If statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check
whether the person filing is a:
[X] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund.
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CUSIP NO. 491784 10 4 13G Page 4 of 6 Pages
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Item 4. Ownership.
(a) Amount beneficially owned:
12,612
(b) Percent of class:
4.3%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 9,774
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(ii) Shared power to vote or to direct the vote 2,838
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(iii) Sole power to dispose or to direct the disposition of 9,774
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(iv) Shared power to dispose or to direct the disposition of 2,838
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Item 5. Ownership of five percent or less of a class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
The Kenwood Bancorp, Inc. Employee Stock Ownership Plan Trust (the
"Trust") was established pursuant to the Kenwood Bancorp, Inc.
Employee Stock Ownership Plan ("ESOP") by an agreement between the
Company and Messrs. Isler and Mitchell, who act as trustees of the
ESOP (the "Trustees"). As of December 31, 1998, 2,838 shares held
in the Trust had been allocated to the accounts of participating
employees. Under the terms of the ESOP, the Trustees will generally
vote the allocated shares held in the ESOP in accordance with the
instructions of the participating employees. Unallocated shares
held in the ESOP will generally be voted in the same ratio on any
matter as those allocated shares for which instructions are given,
subject in each case to the fiduciary duties of the ESOP trustees
and applicable law. Any allocated shares that either abstain on the
proposal or are not voted will be disregarded in determining the
percentage of stock voted for and against each proposal by the
participants and beneficiaries.
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.
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CUSIP NO. 491784 10 4 13G Page 5 of 6 Pages
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Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below, we certify that, to the best of our knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of
and do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purpose or
effect.
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CUSIP NO. 491784 10 4 13G Page 6 of 6 Pages
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SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement on Schedule 13G is true, complete and correct.
KENWOOD BANCORP, INC. EMPLOYEE
STOCK OWNERSHIP PLAN TRUST
Date: February 1, 1999 By: /s/ Robert P. Isler
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Robert P. Isler
Trustee for the Kenwood Bancorp, Inc.
Employee Stock Ownership Plan Trust
Date: February 1, 1999 By: /s/ P. Lincoln Mitchell
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P. Lincoln Mitchell
Trustee for the Kenwood Bancorp, Inc.
Employee Stock Ownership Plan Trust
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