<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment Number One)
WESTPORT BANCORP, INC.
......................................................................
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
......................................................................
(Title of Class of Securities)
961243102
......................................................................
(CUSIP Number)
GEORGE H. DAMMAN
P. O. BOX 201
GREENS FARMS, CT 06436
PHONE 203 222-6811
.....................................................................
(Name, Address and Telephone Number of Person to Receive Notices and
Communications)
April 29, 1995
.....................................................................
(Date of Event which Requires Filing of this Statement)
Check the following box if a fee is being paid with this statement / /
Cover Page 1 of 2
<PAGE> 2
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1) Names of Reporting Persons, S.S. or I.R.S.Identification Nos.
of Above Persons....................................
George H. Damman
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (see
Instructions...................................................
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- --------------------------------------------------------------------------------
3) SEC Use Only...................................................
- --------------------------------------------------------------------------------
4) Source of Funds (See Instructions).......................... PF
- --------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)..........................................
- --------------------------------------------------------------------------------
6) Citizenship or Place of Organization...................... U.S.
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C>
Number of (7) Sole Voting Power . . . . . . . 373,650
Shares Bene- ---------------------------------------------------------------
ficially (8) Shared Voting Power . . . . . . 0
Owned by ---------------------------------------------------------------
Each Report- (9) Sole Dispositive Power. . . . . 373,650
ing Person ---------------------------------------------------------------
With (10) Shared Dispositive Power . . . 0
- --------------------------------------------------------------------------------
</TABLE>
11) Aggregate Amount Beneficially Owned by Each Reporting
Person . . . . . . . . . . . . . . . 373,650
- --------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions). . . . . . . . . . . . . . . . . . .
- --------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 7.2%
- --------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions). . . . . . . . . IN
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Cover Page 2 of 2
<PAGE> 3
CUSIP NO. 961243102
WESTPORT BANCORP, INC.
SCHEDULE 13D AMENDMENT NO.1
GEORGE H. DAMMAN
Page 1 of 1 Page
This statement which is filed on behalf of George H. Damman constitutes
Amendment No.1 to the Schedule 13D filed with the Securities and Exchange
Commission (the "Commission") on May 16, 1994 (the "initial 13D") with respect
to the common stock, par value, $.01 per share (the "Common Stock") of Westport
Bancorp, Inc., (the "company") which has its principal executive offices at 87
Post Road East, Westport, Connecticut. Other than as set forth herein, there has
been no change in the information disclosed in any of the Items to the Initial
Schedule 13D, a copy of which is attached hereto.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is hereby amended to read as follows:
On April 27, 1995 Mr. Damman exercised warrants to purchase
100,000 shares of Common Stock of Westport Bancorp, Inc.,
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 is hereby amended to read as follows:
(a) The aggregate number and percentage of shares of Westport
Bancorp, Inc. Common Stock beneficially owned by Mr. Damman is
amended to 373,650 shares which represent 7.2% of the Common
Stock of Westport Bancorp, Inc.
The number of issued shares of Common Stock of Westport
Bancorp, Inc., increased significantly immediately prior to
April 29, 1995, as the result of other shareholders exercising
warrants to purchase additional shares of Common Stock and
their conversion of Convertible Preferred shares into Common
Stock of Westport Bancorp, Inc.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this amended statement is true,
complete and correct.
May 9, 1995
......................................................................
Date
/s/ George H. Damman
......................................................................
Signature
George H. Damman
......................................................................
Name/Title
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
<PAGE> 4
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
WESTPORT BANCORP, INC.
...............................................................................
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
...............................................................................
(Title of Class of Securities)
961243102
...............................................................................
(CUSIP Number)
GEORGE H. DAMMAN
P. O. BOX 201
GREENS FARMS, CT 06463
PHONE 203 226-6811
...............................................................................
(Name, Address and Telephone Number of Person to Receive Notices and
Communications)
JANUARY 1, 1994
...............................................................................
(Date of Event which Requires Filing of this Statement)
Check the following box if a fee is being paid with this statement /X/
- -------------------------------------------------------------------------------
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos.
of Above Persons....................................
GEORGE H. DAMMAN
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (see
Instructions..................................................
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- -------------------------------------------------------------------------------
3) SEC Use Only..................................................
- -------------------------------------------------------------------------------
4) Source of Funds (See Instructions)......................... PF
- -------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)................................
- -------------------------------------------------------------------------------
6) Citizenship or Place of Organization..................... U.S.
- -------------------------------------------------------------------------------
Cover Page 1 of 2
<PAGE> 5
<TABLE>
- --------------------------------------------------------------------------------
<S> <C> <C>
Number of (7) Sole Voting Power . . . . . . . 373,650
Shares Bene- ---------------------------------------------------------------
ficially (8) Shared Voting Power . . . . . . 0
Owned by ---------------------------------------------------------------
Each Report- (9) Sole Dispositive Power. . . . . 373,650
ing Person ---------------------------------------------------------------
With (10) Shared Dispositive Power . . . 0
- --------------------------------------------------------------------------------
</TABLE>
11) Aggregate Amount Beneficially Owned by Each Reporting
Person . . . . . . . . . . . . . . . 373,650
- --------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions). . . . . . . . . . . . . . . . . . .
- --------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11). . . . 11.0%
- --------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions). . . . . . . . IN
..........................................................
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Cover Page 2 of 2
<PAGE> 6
CUSIP NO. 961243102
WESTPORT BANCORP, INC.
SCHEDULE 13D
GEORGE H. DAMMAN
Page 1 of 4 Pages
ITEM 1. SECURITY AND ISSUER
This statement relates to the Common Stock of Westport Bancorp, Inc.
(Note: all 2000 shares of Westport Bancorp, Inc. Series A Convertible
Preferred Stock owned by Mr. Damman being treated herein as fully
converted based on 1 Preferred share equaling 100 Common shares) issued
by Westport Bancorp, Inc. which has its principal executive offices at
87 Post Road East, Westport, CT 06880.
ITEM 2. IDENTITY AND BACKGROUND
(a) This statement is filed by George H. Damman, a natural person.
(b) The residence address of Mr. Damman is 86 Clapboard Hill Road,
Westport, CT 06880
(c) Mr. Damman is the President of Damman Associates, Inc. (insurance
brokerage) and is a Director of Westport Bancorp, Inc., a Delaware
holding company and The Westport Bank & Trust Company, a bank and
trust company chartered under Connecticut law with executive
offices at 87 Post Road East, Westport, CT 06880.
(d) Mr. Damman has never been convicted in a criminal proceeding.
(e) Mr. Damman has never been a party to any judicial or administrative
civil proceeding relating to federal or state securities laws.
(f) Mr. Damman is a citizen of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The source and amount of funds or other consideration used or to be used
by Mr. Damman in making purchases of the common stock of Westport
Bancorp, Inc. of which he is the beneficial owner are as follows:
73,650 shares individually owned were purchased by Mr. Damman with
personal funds and were acquired before January 1, 1994;
<PAGE> 7
CUSIP NO. 961243102
WESTPORT BANCORP, INC.
SCHEDULE 13D
GEORGE H. DAMMAN
Page 2 of 4 Pages
200,000 shares represent Common Stock which Mr. Damman would own if he
were to convert all of his 2000 shares of Series A Convertible
Preferred Stock, pruchased with $200,000 of personal funds directly
from Westport Bancorp, Inc., into Westport Bancorp, Inc. Common Stock;
and
100,000 shares represent Common Stock which Mr. Damman would own if he
were to exercise all of his warrants to purchase Common Stock, which
Warrants were acquired as part of the Series A Convertible Preferred
Stock offering at no additional cost to Mr. Damman.
Note: Mr. Damman disclaims beneficial ownership of 4,023 shares held
by his spouse.
ITEM 4. PURPOSE OF TRANSACTION
The purpose Mr. Damman acquired the shares of Westport Bancorp, Inc.
which he presently owns in his individual name was for personal
investment. The remainder of the shares beneficially owned by Mr.
Damman are, in fact, not actually owned by Mr. Damman and will not be
actually owned by him until such time as he A) exercises his rights to
convert all of his 2000 shares of Series A Convertible Preferred Stock
into Common Stock of Westport Bancorp, Inc.; and B) exercises his
rights under all of the Warrants he holds as owner of Convertible
Preferred Stock.
The Convertible Preferred Stock of Westport Bancorp, Inc. owned by Mr.
Damman may be converted into shares of Westport Bancorp, Inc. Common
Stock on the basis of one Convertible Preferred share upon conversion
becoming one hundred shares of Common Stock.
The Westport Bancorp, Inc. Warrants owned by Mr. Damman can be
exercised by him to purchase 50 shares of Westport Bancorp, Inc. Common
Stock for each share of Series A Convertible Preferred Stock upon
payment of $.75 per Common share, or a total of 100,000 shares of
Common Sotck of Westport Bancorp, Inc. if all Warrants owned by Mr.
Damman are exercised.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The aggregate number and percentage of shares of Westport Bancorp,
Inc. Common Stock beneficially owned
<PAGE> 8
CUSIP NO. 961243102
WESTPORT BANCORP, INC.
SCHEDULE 13D
GEORGE H. DAMMAN
Page 3 of 4 Pages
by Mr. Damman is 373,650 shares which represent 11.0% of the Common
Stock of Westport Bancorp, Inc.
(b) As to the number of shares of Westport Bancorp, Inc. Common Stock
beneficially owned by Mr. Damman he has:
sole power to vote or to
direct the vote as to . . . . . . . . . . . 373,650 shares;
shared power to vote or to
direct the vote as to . . . . . . . . . . . 0 shares;
sole power to dispose or to
direct the disposition of . . . . . . . . . 373,650 shares; and
shared power to dispose or to
direct the disposition of . . . . . . . . . 0 shares.
(c) On January 1, 1994, Mr. Damman became entitled to exercise rights
to purchase 100,000 shares of Westport Bancorp, Inc. Common Stock for
$.75 per share pursuant to Warrants owned by Mr. Damman.
(d) This subparagraph does not apply to Mr. Damman.
(e) This subparagraph does not apply to Mr. Damman.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
There are no contracts, arrangements, understandings or relationships
between Mr. Damman and any other person or entity or group of persons
or entities with respect to any securities of Westport Bancorp, Inc.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Appended to this statement are copies of Mr. Damman's Warrant
Certificate; and a copy of the Westport Bancorp, Inc. Prospectus for
8,067,871 Shares of Common Stock, Par Value $.01 Per Share, which
contains a description of both the Convertible Preferred Stock of
Westport Bancorp, Inc., shares of which are owned by Mr. Damman, as
well as a description of the Warrants owned by Mr. Damman, which were
issued by Westport Bancorp, Inc. in conjunction with its offering of
Convertible Preferred Stock.
<PAGE> 9
CUSIP NO. 961243102
WESTPORT BANCORP, INC.
SCHEDULE 13D
GEORGE H. DAMMAN
Page 4 of 4 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.
May 10, 1994
...............................................................................
Date
/s/ GEORGE H. DAMMAN
...............................................................................
Signature
George H. Damman
...............................................................................
Name/Title
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
