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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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. )(1)
PARKVALE FINANCIAL CORPORATION
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(Name of Issuer)
Common Stock - $1.00 Par Value
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(Title of Class of Securities)
701492 10 0
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(CUSIP Number)
February 25, 1997
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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)
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(1) 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.
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CUSIP NO. 701492 10 0 13G Page 2 of 4 Pages
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1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Robert J. McCarthy, Jr.
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ( )
(b) ( )
(3) SEC USE ONLY
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES (5) SOLE VOTING POWER 132,595
BENEFICIALLY
OWNED BY EACH (6) SHARED VOTING POWER 171,765
REPORTING
PERSON WITH (7) SOLE DISPOSITIVE POWER -0-
(8) SHARED DISPOSITIVE POWER 171,765
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
389,262
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
( X )
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.64%
(12) TYPE OF REPORTING PERSON*
IN
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Under the Securities and Exchange Act of 1934)
Item 1(a) Name of Issuer: Parkvale Financial Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
4220 William Penn Highway
Monroeville, PA 15146
Item 2(a) Name of Person Filing: Robert J. McCarthy, Jr.,
Director, President and
Chief Executive Officer of Issuer
Item 2(b) Address of Principal Business Office, or if None, Residence:
Parkvale Financial Corporation
4220 William Penn Highway
Monroeville, PA 15146
Item 2(c) Citizenship: United States
Item 2(d) Title of Class of Securities: Common Stock,
par value $1.00 per share.
Item 2(e) CUSIP Number: 701492100
Item 3 This statement is filed pursuant to Rule 13d-1(c).
Item 4 Ownership
(a) Robert J. McCarthy, Jr. (the "Reporting Person") beneficially
owns 389,262 shares of the Common Stock, par value $1.00, of
Parkvale Financial Corporation (the "Issuer").
(b) The 389,262 shares held by the Reporting Person represents
approximately 6.64% of the class.
(c) Number of shares as to which person has:
(i) Sole power to vote or to direct the vote 132,595
(ii) Shared power to vote or to direct the vote 171,765
(iii) Sole power to dispose or to direct the
disposition of -0-
(iv) Shared power to dispose or to direct the
disposition of 171,765
* Excludes the unvested options Mr. McCarthy was awarded
on December 16, 1999, which are not exercisable within
60 days. The 132,595 shares as to which the Reporting
Person has sole voting power include 70,539 shares
that may be received upon exercise of currently
exercisable stock options, 48,769 shares allocated
under the Issuer's Employee Stock Ownership Plan and
13,287 shares allocated under the Issuer's
Supplemental Executive Benefit Plan.
Item 5 Ownership of Five Percent or Less of a Class.
Not Applicable
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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 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, I certify that, to the best of my 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.
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.
March 10, 2000 By: /s/ Robert J. McCarthy, Jr.
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Robert J. McCarthy, Jr.
