SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 19)*
SHEPMYERS INVESTMENT COMPANY
-----------------------------------------------------
(Name of Issuer)
COMMON STOCK
-----------------------------------------------------
(Title of Class of Securities)
823424 10 6
-----------------------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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 page(s))
Page 1 of 13 Pages
- --
<PAGE>
CUSIP No. 823424 10 6 13G Page 2 of 13 Pages
----------- - --
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul E. Spears and Josephine F. Spears, Tenants by Entirety
S.S. ####-##-#### S.S. ####-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 118,152
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH -0-
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
118,152
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
118,152
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.4%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 823424 10 6 13G Page 3 of 13 Pages
----------- - --
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hamilton Bank and Charlotte S. DeVan TTEE UDT E.I.N. 23-6469332
Lawrence B. Sheppard Dtd. 4/21/59
(Note: Patricia S. Winder, a former Trustee, died on July 16, 1995)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 100,000
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH -0-
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 100,000
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 823424 10 6 13G Page 4 of 13 Pages
----------- - --
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First National Bank of Pennsylvania, Successor Trustee to S.E. Bank N.A.
U/A dated 2/6/40 Executed by H. D. Sheppard fbo Alma S. Tolhurst
E.I.N. 23-6780362
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 46,456
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH -0-
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 46,456
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,456
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 823424 10 6 13G Page 5 of 13 Pages
----------- - --
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Henrietta Myers Miller and Hamilton Bank Trustees U/A Dated 5/7/63
Executed by Edna Powl Myers fbo Robert Clinton Myers II et al
(Henrietta Myers Miller died 10/19/96) E.I.N. 23-6268887
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 83,660
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH -0-
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
83,660
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
83,660
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 823424 10 6 13G Page 6 of 13 Pages
----------- - --
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert P. Myers
S.S. ####-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 112,311
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH -0-
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 112,311
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
112,311
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.6%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 7 of 13
- --
Item 1(a). Name of Issuer.
Shepmyers Investment Company
Item 1(b). Address of Issuer's Principal Executive Offices.
P.O. Box 339
Hanover, PA 17331
Item 2(a). Name of Person Filing.
Paul E. Spears
Josephine F. Spears
Robert P. Myers
Hamilton Bank and Charlotte S. DeVan TTEE UDT
Lawrence B. Sheppard Dtd 4/21/59
First National Bank of Pennsylvania, Successor
Trustee to S.E. Bank, N.A. U/A dated 2/6/40
Executed by H. D. Sheppard fbo Alma S. Tolhurst
Henrietta Myers Miller and Hamilton Bank Trustees
U/A Dtd. 5/7/63 executed by Edna Powl Myers fbo
Robert Clinton Myers II et al (Henrietta Myers
Miller died on 10/19/96)
Item 2(b). Address of Principal Business Office or, if None,
Residence.
-------------------------------------------------
Paul E. Spears
106 Oak Street
Hanover, PA 17331
Josephine F. Spears
106 Oak Street
Hanover, PA 17331
Robert P. Myers
Post Office Box 389
Belgrade, MT 59714
<PAGE>
Page 8 of 13
Item 2(b). continued
Hamilton Bank
c/o Larry E. Weaver
Trust Officer
12 East Market Street
York, PA 17405
First National Bank of Pennsylvania
c/o Thomas E. Morkin
Sr. Vice President &
Trust Manager
Hermitage Square
Hermitage, PA 16148
Item 2(c). Citizenship
Paul E. Spears: USA
Josephine F. Spears: USA
Robert P. Myers: USA
Hamilton Bank and Charlotte S. DeVan TTEE UDT
Lawrence B. Sheppard Dtd 4/21/59: USA
First National Bank of Pennsylvania, Successor
Trustee to S.E. Bank N.A. U/A dated 2/6/40
Executed by H.D. Sheppard fbo Alma S. Tolhurst:
USA
Henrietta Myers Miller and Hamilton Bank Trustees U/A
dated 5/7/63 executed by Edna Powl Myers fbo Robert
Clinton Myers II et al: USA (Henrietta Myers Miller
died on 10/19/96)
Item 2(d). Title of Class of Securities
Common Stock
Item 2(e). CUSIP NUMBER
823424 10 6
Item 3. Statement Filed Pursuant to Rules 13d-1(b) or
13d-2(b)
Not applicable
<PAGE>
Page 9 of 13
Item 4. Ownership.
A. Paul E. Spears & Josephine F. Spears, Tenants By
Entireties
(a) Amount Beneficially Owned: 118,152
(b) Percent of Class: 15.4%
(c) Number of Shares as to Which Such Person
Has:
(i) sole power to vote or to
direct the vote: -0-
(ii) shared power to vote or to
direct the vote: 118,152
(iii) sole power to dispose or to
direct the disposition of:
-0-
(iv) shared power to dispose or to
direct the disposition of:
118,152
B. Robert P. Myers
(a) Amount Beneficially Owned: 112,311
(b) Percent of Class: 14.6%
(c) Number of Shares as to Which Such Person
Has:
(i) sole power to vote or to direct the
vote: 112,311
(ii) shared power to vote or to direct
the vote: -0-
(iii) sole power to dispose or to direct
the disposition of: 112,311
(iv) shared power to dispose or to
direct the disposition of: -0-
C. Hamilton Bank and Charlotte S. DeVan TTEE UDT
Lawrence B. Sheppard Dtd 4/21/59
(a) Amount Beneficially Owned: 100,000
(b) Percent of Class: 13.0%
(c) Number of Shares as to Which Such Person
Has:
(i) sole power to vote or to
direct the vote: 100,000
(ii) shared power to vote or to
direct the vote: -0-
(iii) sole power to dispose or to
direct the disposition of:
100,000
(iv) shared power to dispose or to
direct the disposition of:
-0-
<PAGE>
Page 10 of 13
Item 4. Ownership (continued)
D. First National Bank of Pennsylvania,
Successor Trustee to S.E. Bank, N.A. U/A
dated 2/6/40 Executed by H. D. Sheppard fbo
Alma S. Tolhurst
(a) Amount Beneficially Owned: 46,456
(b) Percent of Class: 6.0%
(c) Number of Shares as to Which Such Person
Has:
(i) sole power to vote or to
direct the vote: 46,456
(ii) shared power to vote or to
direct the vote: -0-
(iii) sole power to dispose or to
direct the disposition of:
46,456
(iv) shared power to dispose or to
direct the disposition of:
-0-
E. Henrietta Myers Miller and Hamilton Bank
TTEES U/A Dtd. 5/7/63 executed by Edna Powl
Myers fbo Robert Clinton Myers II et al
(Henrietta Myers Miller died on 10/19/96)
(a) Amount Beneficially Owned: 83,660
(b) Percent of Class: 10.9%
(c) Number of Shares as to Which Such Person
Has:
(i) sole power to vote or to
direct the vote: -0-
(ii) shared power to vote or to
direct the vote: 83,660
(iii) sole power to dispose or to
direct the disposition of:
-0-
(iv) shared power to dispose or to
direct the disposition of:
83,660
<PAGE>
Page 11 of 13
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
Charlotte S. DeVan (33.33%)
Lawrence S. DeVan (11.11%)
William T. DeVan, Jr. (11.11%)
Russell N. DeVan (11.11%)
Patricia C. Winder (11.11%)
Russell C. Williams (11.11%)
Tom Williams, Sr. (11.11%)
are the income beneficiaries of 100,000 shares
listed under Item 4D(a) above.
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.
The persons making this filing disclaim that they act
as a group with each other or any other persons with
respect to any of the equity securities of the issuer
named in Item 1(a).
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
Not applicable
<PAGE>
Page 12 of 13
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.
February 7, 1998 /s/ Paul E. Spears
-------------------------------------
Paul E. Spears
/s/ Josephine F. Spears
-------------------------------------
Josephine F. Spears
/s/ Robert P. Myers
--------------------------------------
Robert P. Myers
/s/ Larry E. Weaver, Trust Officer
--------------------------------------
Hamilton Bank, Trustee
Larry E. Weaver
Trust Officer
/s/ Thomas E. Morkin
--------------------------------------
First National Bank of
Pennsylvania, Trustee
Thomas E. Morkin
Senior Vice President and Trust
Manager
The filing of this statement shall not be construed as an admission that the
reporting persons are, for the purpose of the Securities Exchange Act of 1934,
the beneficial owners of the securities covered by the statement.
<PAGE>
Page 13 of 13
EXHIBIT
We agree that Amendment No. 19 to the Schedule 13G of even date herewith,
signed by each of us, is filed on behalf of each of us.
February 7, 1997 /s/ Paul E. Spears
--------------------------------------
Paul E. Spears
/s/ Josephine F. Spears
--------------------------------------
Josephine F. Spears
/s/ Robert P. Myers
--------------------------------------
Robert P. Myers
/s/ Larry E. Weaver, Trust Officer
--------------------------------------
Hamilton Bank, Trustee
Larry E. Weaver
Trust Officer
/s/ Thomas E. Morkin
--------------------------------------
First National Bank of
Pennsylvania, Trustee
Thomas E. Morkin
Senior Vice President and Trust
Manager
