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. ___) *
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
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(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:
[ ] 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 7 pages
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CUSIP NO. 91307P 10 3 13G PAGE 2 OF 7 PAGES
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1 NAMES OF REPORTING PERSONS:
TRUST AGREEMENT I UNDER THE UNITED TENNESSEE BANKSHARES, INC. 1999
STOCK OPTION PLAN
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
STATE OF TENNESSEE
------------------------- ------ -----------------------------------------------
5 SOLE VOTING POWER 0
------ -----------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER 110,561
BENEFICIALLY
OWNED BY ------ -----------------------------------------------
EACH
REPORTING 7 SOLE DISPOSITIVE POWER 0
PERSON
WITH ------ -----------------------------------------------
8 SHARED DISPOSITIVE POWER 110,561
------------------------- ------ -----------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
110,561
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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
8.0%
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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 3 OF 7 PAGES
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1 NAMES OF REPORTING PERSONS:
TOMMY C. BIBLE
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 22,390
------ -----------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER 111,171
BENEFICIALLY
OWNED BY ------ -----------------------------------------------
EACH
REPORTING 7 SOLE DISPOSITIVE POWER 24,244
PERSON
WITH ------ -----------------------------------------------
8 SHARED DISPOSITIVE POWER 111,171
------------------------- ------ -----------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
135,415
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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
9.8%
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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 4 OF 7 PAGES
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1 NAMES OF REPORTING PERSONS:
BEN W. HOOPER, III
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 1,000
------ -----------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER 110,961
BENEFICIALLY
OWNED BY ------ -----------------------------------------------
EACH
REPORTING 7 SOLE DISPOSITIVE POWER 2,854
PERSON
WITH ------ -----------------------------------------------
8 SHARED DISPOSITIVE POWER 110,961
------------------------- ------ -----------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
113,815
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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
8.2%
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12 TYPE OF REPORTING PERSON *
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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PAGE 5 OF 7 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.
Trust Agreement I under the United Tennessee Bankshares, Inc. 1999 Stock
Option Plan (the "Trust"), and the following individuals who serve as its
trustees: Tommy C. Bible and Ben W. Hooper, III.
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:
Not applicable.
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PAGE 6 OF 7 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.
Not applicable.
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 individual capacity or in his
capacity as a trustee of the 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.
<PAGE>
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PAGE 7 OF 7 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.
TRUST AGREEMENT I UNDER THE
UNITED TENNESSEE BANKSHARES, INC.
1999 STOCK OPTION PLAN
By Its Trustees:
/s/ Tommy C. Bible September 19, 2000
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Tommy C. Bible, as Trustee Date
/s/ Ben W. Hooper, III September 19, 2000
------------------------------------- -----------------------
Ben W. Hooper, III, as Trustee Date
SIGNATURES:
/s/ Tommy C. Bible September 19, 2000
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Tommy C. Bible, as an Individual Stockholder Date
/s/ Ben W. Hooper, III September 19, 2000
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Ben W. Hooper, III, as an Individual Stockholder Date
