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. 2) *
UNITED TENNESSEE BANKSHARES, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
91307P 10 3
-----------
(CUSIP Number)
N/A
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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 11 pages
<PAGE>
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CUSIP NO. 91307P 10 3 13G PAGE 2 OF 11 PAGES
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1 NAMES OF REPORTING PERSONS:
UNITED TENNESSEE BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP
PLAN TRUST
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
62-0309135
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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
STATE OF TENNESSEE
------------------------- ------ -----------------------------------------------
5 SOLE VOTING POWER 0
------ -----------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER 158,744
BENEFICIALLY
OWNED BY ------ -----------------------------------------------
EACH
REPORTING 7 SOLE DISPOSITIVE POWER 0
PERSON
WITH ------ -----------------------------------------------
8 SHARED DISPOSITIVE POWER 158,744
------------------------- ------ -----------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
158,744
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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
11.5%
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12 TYPE OF REPORTING PERSON *
EP
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 91307P 10 3 13G PAGE 3 OF 11 PAGES
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1 NAMES OF REPORTING PERSONS:
WILLIAM B. HENRY
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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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
UNITED STATES OF AMERICA
------------------------- ------ -----------------------------------------------
5 SOLE VOTING POWER 13,448
------ -----------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER 222,920
BENEFICIALLY
OWNED BY ------ -----------------------------------------------
EACH
REPORTING 7 SOLE DISPOSITIVE POWER 21,529
PERSON
WITH ------ -----------------------------------------------
8 SHARED DISPOSITIVE POWER 222,920
------------------------- ------ -----------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
244,449
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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
17.7%
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12 TYPE OF REPORTING PERSON *
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 91307P 10 3 13G PAGE 4 OF 11 PAGES
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1 NAMES OF REPORTING PERSONS:
ROBERT L. OVERHOLT
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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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
UNITED STATES OF AMERICA
------------------------- ------ -----------------------------------------------
5 SOLE VOTING POWER 26,673
------ -----------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER 211,646
BENEFICIALLY
OWNED BY ------ -----------------------------------------------
EACH
REPORTING 7 SOLE DISPOSITIVE POWER 34,754
PERSON
WITH ------ -----------------------------------------------
8 SHARED DISPOSITIVE POWER 211,646
------------------------- ------ -----------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
246,400
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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
17.8%
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12 TYPE OF REPORTING PERSON *
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 91307P 10 3 13G PAGE 5 OF 11 PAGES
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1 NAMES OF REPORTING PERSONS:
ROBERT D. SELF
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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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
UNITED STATES OF AMERICA
------------------------- ------ -----------------------------------------------
5 SOLE VOTING POWER 9,129
------ -----------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER 212,431
BENEFICIALLY
OWNED BY ------ -----------------------------------------------
EACH
REPORTING 7 SOLE DISPOSITIVE POWER 17,210
PERSON
WITH ------ -----------------------------------------------
8 SHARED DISPOSITIVE POWER 212,431
------------------------- ------ -----------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
229,641
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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
16.6%
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12 TYPE OF REPORTING PERSON *
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 91307P 10 3 13G PAGE 6 OF 11 PAGES
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1 NAMES OF REPORTING PERSONS:
NEWPORT FEDERAL SAVINGS AND LOAN ASSOCIATION GRANTOR TRUST AGREEMENT
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
62-1710108
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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
STATE OF TENNESSEE
------------------------- ------ -----------------------------------------------
5 SOLE VOTING POWER 0
------ -----------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER 20,130
BENEFICIALLY
OWNED BY ------ -----------------------------------------------
EACH
REPORTING 7 SOLE DISPOSITIVE POWER 0
PERSON
WITH ------ -----------------------------------------------
8 SHARED DISPOSITIVE POWER 20,130
------------------------- ------ -----------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,130
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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
1.4%
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12 TYPE OF REPORTING PERSON *
OO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 91307P 10 3 13G PAGE 7 OF 11 PAGES
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1 NAMES OF REPORTING PERSONS:
TRUST AGREEMENT UNDER THE UNITED TENNESSEE BANKSHARES, INC.
MANAGEMENT RECOGNITION PLAN
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [ ]
(b) [ X ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
STATE OF TENNESSEE
------------------------- ------ -----------------------------------------------
5 SOLE VOTING POWER 0
------ -----------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER 32,772
BENEFICIALLY
OWNED BY ------ -----------------------------------------------
EACH
REPORTING 7 SOLE DISPOSITIVE POWER 0
PERSON
WITH ------ -----------------------------------------------
8 SHARED DISPOSITIVE POWER 32,772
------------------------- ------ -----------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
32,772
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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
2.4%
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12 TYPE OF REPORTING PERSON *
OO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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PAGE 8 OF 11 PAGES
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Securities and Exchange Commission
Washington, D.C. 20549
ITEM 1(A) NAME OF ISSUER.
United Tennessee Bankshares, Inc.
ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
344 W. Broadway
Newport, Tennessee 37821
ITEM 2(A) NAME OF PERSON(S) FILING.
United Tennessee Bankshares, Inc. Employee Stock Ownership Plan Trust
("ESOP"), Newport Federal Savings and Loan Association Grantor Trust Agreement
(the "Grantor Trust"), Trust Agreement under the United Tennessee Bankshares,
Inc. Management Recognition Plan (the "MRP Trust"), and the following
individuals who serve as their trustees: William B. Henry, Robert L. Overholt,
and Robert D. Self.
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, no par value.
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);
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, and by the MRP Trust and the Grantor Trust,
all filing pursuant to Rule 13d-1(c) and applicable SEC no-action letters.
<PAGE>
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PAGE 9 OF 11 PAGES
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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.
(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: [ ]
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
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 his capacity as a trustee of the
ESOP, 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 or in his
capacity as a trustee of the Grantor Trust or MRP Trust 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.
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PAGE 10 OF 11 PAGES
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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.
UNITED TENNESSEE BANKSHARES, INC.
EMPLOYEE STOCK OWNERSHIP PLAN TRUST
By Its Trustees:
/s/ William B. Henry September 28, 2000
------------------------------------- -----------------------
William B. Henry, as Trustee Date
/s/ Robert L. Overholt September 28, 2000
------------------------------------- -----------------------
Robert L. Overholt, as Trustee Date
/s/ Robert D. Self September 28, 2000
------------------------------------- -----------------------
Robert D. Self, as Trustee Date
TRUST AGREEMENT UNDER THE
UNITED TENNESSEE BANKSHARES, INC.
MANAGEMENT RECOGNITION PLAN
By Its Trustees:
/s/ Robert L. Overholt September 28, 2000
------------------------------------- -----------------------
Robert L. Overholt, as Trustee Date
/s/ Robert D. Self September 28, 2000
------------------------------------- -----------------------
Robert D. Self, as Trustee Date
/s/ William B. Henry September 28, 2000
------------------------------------- -----------------------
William B. Henry, as Trustee Date
<PAGE>
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PAGE 11 OF 11 PAGES
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NEWPORT FEDERAL SAVINGS AND LOAN
ASSOCIATION GRANTOR TRUST AGREEMENT
By Its Trustees:
/s/ Robert L. Overholt September 28, 2000
------------------------------------- -----------------------
Robert L. Overholt, as Trustee Date
/s/ Robert D. Self September 28, 2000
------------------------------------- -----------------------
Robert D. Self, as Trustee Date
/s/ William B. Henry September 28, 2000
------------------------------------- -----------------------
William B. Henry, as Trustee Date
SIGNATURES:
/s/ William B. Henry September 28, 2000
------------------------------------- -----------------------
William B. Henry, as Individual Stockholder Date
/s/ Robert L. Overholt September 28, 2000
------------------------------------- -----------------------
Robert L. Overholt, as Individual Stockholder Date
/s/ Robert D. Self September 28, 2000
------------------------------------- -----------------------
Robert D. Self, as Individual Stockholder Date
