SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)
MAHASKA INVESTMENT COMPANY
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
559809108
(CUSIP Number)
July 31, 2000
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule 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
disclosures provided in a prior cover page.
The information required on 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).
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CUSIP No. 559809108 SCHEDULE 13G Page 2 of 7 Pages
1. Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
Mahaska Investment Company ESOP
I.R.S. No. 42-1291120
2. Check the appropriate box if a member of a group
N/A
3. SEC Use Only
4. Citizenship or Place of Organization
Iowa
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. Sole Voting Power
0
6. Shared Voting Power
575,950* shares *Under the applicable ESOP documentation,
each participant is entitled to direct the
plan as to voting shares allocated to such
participant's account.
7. Sole Dispositive Power
575,950 shares
8. Shared Dispositive Power
N/A
9. Aggregate Amount Beneficially Owned by Each Reporting Person
575,950 shares
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Page 3 of 7 Pages
10. Check box if the aggregate amount in Row (9) excludes certain shares
N/A
11. Percent of Class Represented by Amount in Row 9
14.6%
12. Type of Reporting Person
EP
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Page 4 of 7 Pages
ITEM 1(a). NAME OF ISSUER.
Mahaska Investment Company
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
P. O. Box 1104
Oskaloosa, Iowa 52577
ITEM 2(a). NAME OF PERSON FILING.
This filing is made on behalf of Mahaska Investment Company
Employee Stock Ownership Plan and Trust (ESOP).
ITEM 2(b). ADDRESS OF THE PRINCIPAL OFFICES:
The principal business office is Mahaska State Bank Trust
Department, P. O. Box 90, Oskaloosa, Iowa 52577.
ITEM 2(c). CITIZENSHIP.
The Trust Agreement creating the ESOP is governed by the laws
of the State of Iowa.
ITEM 2(d). TITLE OF CLASS OF SECURITIES.
Common Stock.
ITEM 2(e). CUSIP NUMBER.
559809108
ITEM 3. IF THE STATEMENT IS BEING FILED PURSUANT TO SECTION
240.13d-1(b), CHECK WHETHER THE PERSON FILING IS A:
An employee benefit plan.
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned:
The ESOP has direct control of the 575,950 shares of Common
Stock held for the benefit of the participating employees.
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Page 5 of 7 Pages
(b) Percent of Class:
14.6%
(c) (i) Sole power to vote or direct the vote:
0
(ii) Shared power to vote or direct the vote:
575,950
Under the ESOP Trust document, Mahaska State Bank
("the Trustee") is authorized in its discretion to
vote directly and to vote indirectly by proxy on all
matters pertaining to all securities held by the
ESOP. Notwithstanding the foregoing, each participant
is entitled to direct the Plan as to any Company stock
considered allocated to such participant's account in
accordance with IRC Section 409(e).
(iii) Sole power to dispose or direct the disposition of:
The Trustee has sole power to dispose or to direct the
disposition of the 575,950 shares of Common Stock.
(iv) Shared power to dispose or to direct the disposition of:
0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
N/A
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
See item 4 above.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY.
See items 3 and 4 above.
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Page 6 of 7 Pages
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
N/A
ITEM 9. NOTICE OF DISSOLUTION OF A GROUP.
N/A
ITEM 10. CERTIFICATION.
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 for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purpose or effect.
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Page 7 of 7 Pages
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
MAHASKA STATE BANK, AS TRUSTEE
/s/ Sherry Mattson
Date: August 10, 2000 Name: Sherry Mattson
Title: Trust Officer
