SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(AMENDMENT NO. 3)*
NORWOOD FINANCIAL CORP.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
669549 10 7
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(CUSIP Number)
December 31, 1999
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(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)
|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).
Page 1 of 8 pages
<PAGE>
CUSIP NO. 669549 10 7 13G Page 2 of 8 Pages
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1 NAMES OF REPORTING PERSONS: Wayne Bank Employee Stock Ownership Plan Trust
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
24-0754330
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Commonwealth of Pennsylvania
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NUMBER OF
SHARES 5 SOLE VOTING POWER 0
----------------------------------------------------------------
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER 82,220
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EACH
REPORTING 7 SOLE DISPOSITIVE POWER 0
----------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER 82,220
WITH
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
82,220
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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
4.7%
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12 TYPE OF REPORTING PERSON*
EP
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<PAGE>
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 669549 10 7 13G Page 3 of 8 Pages
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1 NAMES OF REPORTING PERSONS: Russell L. Ridd
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF
SHARES 5 SOLE VOTING POWER 26,026
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BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER 107,155
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EACH
REPORTING 7 SOLE DISPOSITIVE POWER 26,026
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PERSON 8 SHARED DISPOSITIVE POWER 107,155
WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
133,181
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.6%
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12 TYPE OF REPORTING PERSON*
IN
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<PAGE>
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 669549 10 7 13G Page 4 of 8 Pages
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1 NAMES OF REPORTING PERSONS: John E. Marshall
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF
SHARES 5 SOLE VOTING POWER 3,280
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BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER 96,380
----------------------------------------------------------------
EACH
REPORTING 7 SOLE DISPOSITIVE POWER 3,280
----------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER 96,380
WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
99,660
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.7%
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12 TYPE OF REPORTING PERSON*
IN
================================================================================
<PAGE>
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 669549 10 7 13G Page 5 of 8 Pages
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1 NAMES OF REPORTING PERSONS: Harold Shook
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF
SHARES 5 SOLE VOTING POWER 607
----------------------------------------------------------------
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER 85,681
----------------------------------------------------------------
EACH
REPORTING 7 SOLE DISPOSITIVE POWER 607
----------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER 85,681
WITH
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
86,288
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
================================================================================
<PAGE>
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 6 of 8 Pages
ITEM 1(a) NAME OF ISSUER:
Norwood Financial Corp.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICER:
717 Main Street
Honesdale, Pennsylvania 18431
ITEM 2(a) NAME OF PERSON(S) FILING:
Wayne Bank Employee Stock Ownership Plan Trust ("ESOP"), and the following
individuals who serve as its trustees: Russell L. Ridd, John E. Marshall, and
Harold Shook.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
Same as Item 1(b).
ITEM 2(c) CITIZENSHIP:
See Row 4 of the second part of the cover page provided for each
reporting person.
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.10 per share.
ITEM 2(e) CUSIP NUMBER:
See the upper left corner of the second part of the cover page provided
for each reporting person.
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b) OR
(c), CHECK WHETHER THE PERSON FILING IS A:
(f) |X| An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
If this statement is filed pursuant to Rule 13d-1(c), check this box. |X|
Items (a),(b), (c), (d), (e), (g), (h), (i) and (j) are not applicable.
This Schedule 13G is being filed on behalf of the ESOP identified in Item 2(a),
filing under the Item 3(f) classification, and by each trustee of the trust
established pursuant to the ESOP, filing pursuant to Rule 13d-1(c) and
applicable SEC no-action letters.
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned: See Row 9 of the second part of the cover
page provided for each reporting person.
(b) Percent of Class: See Row 11 of the second part of the cover page
provided for each reporting person.
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Page 7 of 8 Pages
(c) See Rows 5, 6, 7, and 8 of the second part of the cover page provided
for each reporting person.
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: |x|
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Wayne Bank, in its capacity as the ESOP Committee, has the power to
determine whether dividends on allocated shares that are paid to the ESOP trust
are distributed to participants or are used to repay the ESOP loan.
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
ITEM 10 CERTIFICATION.
By signing below, each signatory in the capacity of an ESOP trustee
certifies that, to the best of his 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 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.
By signing below, each signatory in his individual capacity certifies that,
to the best of his 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.
<PAGE>
Page 8 of 8 Pages
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.
WAYNE BANK
EMPLOYEE STOCK OWNERSHIP PLAN TRUST
By Its Trustees:
/s/Russell L. Ridd 2/10/00
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Russell L. Ridd, as Trustee Date
/s/John E. Marshall 2/10/00
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John E. Marshall, as Trustee Date
/s/Harold Shook 2/10/00
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Harold Shook, as Trustee Date
/s/Russell L. Ridd 2/10/00
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Russell L. Ridd, as an Individual Stockholder Date
/s/John E. Marshall 2/10/00
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John E. Marshall, as an Individual Stockholder Date
/s/Harold Shook 2/10/00
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Harold Shook, as an Individual Stockholder Date
