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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 7 )*
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Portsmouth Bank Shares, Inc.
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(Name of Issuer)
Common Stock, par value $.10 per share
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(Title of Class of Securities)
737 031 104
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(CUSIP Number)
Robert W. Simpson, 350 Portsmouth Avenue, New Castle, NH 03854 (603) 436-6630
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
December 31, 1995
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule becasue of Rule 13d-1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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).
Page 1 of 4 Pages
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Page 2 of 4 pages
CUSIP NO. 737 031 104
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13G
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert W. Simpson
###-##-####
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
/ /
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF 361,165
SHARES _________________________________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH --
REPORTING _________________________________________________________________
PERSON 9 SOLE DISPOSITIVE POWER
WITH 361,165
_________________________________________________________________
10 SHARED DISPOSITIVE POWER
--
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
361,165
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
/ /
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
6.19%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Portsmouth Bank Shares, Inc.
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The Scheduled 13D, filed with respect to the common stock, par values
$.10 per share (the "shares") of Portsmouth Bank Shares, Inc. (the "Issuer")
owned by Robert W. Simpson (the "Purchaser") is amended as follows:
Item 5. Interest in Securities of the Issuer
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(a) The Purchaser owns 150,551 shares, and has stock options of
210,614 shares for a total of 361,165 shares or 6.19% (based on
5,833,512 shares outstanding) as of December 31, 1995 of the Issuer's
outstanding common stock. Of such amount, 850 shares are owned by
Lorraine Simpson, the Purchaser's wife. The inclusion of any shares
of the Issuer's common stock owned by Lorraine Simpson in this
Schedule 13D shall not be construed as admission that the Purchaser
is the beneficial owner of any such shares.
(b) The Purchaser has sole power to vote or dispose of the shares owned.
(c) The Purchaser has effected the following transactions in the shares.
<TABLE>
Transaction Date Shares
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<S> <C> <C>
2% Stock Dividend 3/15/95 7,081
</TABLE>
(d) Not Applicable
(e) Not Applicable
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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.
/s/ Robert W. Simpson
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Date: February 1, 1996
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