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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13 G
Under the Securities Exchange Act of 1934
(Amendment No. __________)
CODDLE CREEK FINANCIAL CORP.
------------------------------------------
(Name of Issuer)
Common Stock, no par value
----------------------------------------
(Title of Class of Securities)
191891 10 0
-----------------------------------
(CUSIP Number)
January 12, 1998
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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)
[_] 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).
(Continued on following pages)
Page 1 of 6 Pages
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CUSIP NO. 191891 10 0 13G PAGE 2 OF 6 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST OF MOORESVILLE SAVINGS BANK, INC.,
SSB 56-2062324
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
NORTH CAROLINA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 53,958
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 53,958
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
53,958
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
8%
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 6 Pages
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TYPE OF REPORTING PERSON*
12
EP
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Item 1(a). Name of Issuer:
- ---------- --------------
Coddle Creek Financial Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
- --------- -----------------------------------------------
347 North Main Street
Post Office Box 1117 (28115-1117)
Mooresville, North Carolina 28115-2453
Item 2(a). Name of Person Filing:
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Employee Stock Ownership Plan and Trust of
Mooresville Savings Bank, Inc., SSB
Item 2(b). Address of Principal Business Office:
- --------- ------------------------------------
347 North Main Street
Post Office Box 1117 (28115-1117)
Mooresville, North Carolina 28115-2453
Item 2(c). Citizenship:
- --------- -----------
Not Applicable
Item 2(d). Title of Class of Securities:
- --------- ----------------------------
Common Stock, no par value
Item 2(e). CUSIP Number:
- --------- ------------
191891 10 0
Item 3. If this statement is filed pursuant to (S)(S)240.13d-1(b) or 240.13d-
- ------ --------------------------------------------------------------------
2(b) or (c), check whether the person filing is a:
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Page 3 of 6 Pages
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(a) [_] Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).
(b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [_] Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).
(d) [_] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [_] An investment advisor in accordance with (S)240.13d-
1(b)(1)(ii)(E);
(f) [X] An employee benefit plan or endowment fund in accordance with
(S)240.13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
(S)240.13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C.
(i) [_] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [_] Group, in accordance with (S)240.13d-1(b)(1)(ii)(J).
Item 4. Ownership:
- ------ ---------
(a) Amount Beneficially Owned: 53,958 shares
(b) Percent of Class: 8%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 53,958
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of:
53,958
(iv) shared power to dispose or to direct the disposition of:
0
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:
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Not applicable
Page 4 of 6 Pages
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Item 7. Identification and Classification of the Subsidiary Which Acquired the
- ------ ----------------------------------------------------------------------
Security Being Reported on By the Parent Holding Company:
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Not applicable
Item 8. Identification and Classification of Members of the Group:
- ------ ---------------------------------------------------------
Not applicable
Item 9. Notice of Dissolution of Group:
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Not applicable
Item 10. Certification:
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By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired 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.
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.
Date: August 17, 1998 /s/ Willis L. Barnette
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Willis L. Barnette, not individually but
solely as trustee under that certain
Mooresville Savings Bank, Inc., SSB Employee
Stock Ownership Trust effective as of
December 5, 1997 by and between the above
signed and Mooresville Savings Bank, Inc.,
SSB
/s/ Jack G. Lawler
--------------------------------------------
Jack G. Lawler, not individually but solely
as trustee under that certain Mooresville
Savings Bank, Inc., SSB Employee Stock
Page 5 of 6 Pages
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Ownership Trust effective as of December 5,
1997 by and between the above signed and
Mooresville Savings Bank, Inc., SSB
/s/ Claude U. Voils, Jr.
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Claude U. Voils, Jr., not individually but
solely as trustee under that certain
Mooresville Savings Bank, Inc., SSB Employee
Stock Ownership Trust effective as of
December 5, 1997 by and between the above
signed and Mooresville Savings Bank, Inc.,
SSB
/s/ Donald R. Belk
--------------------------------------------
Donald R. Belk, not individually but solely
as trustee under that certain Mooresville
Savings Bank, Inc., SSB Employee Stock
Ownership Trust effective as of December 5,
1997 by and between the above signed and
Mooresville Savings Bank, Inc., SSB
Page 6 of 6 Pages
