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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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. 3)*
ESB FINANCIAL CORPORATION
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
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(Title of Class of Securities)
708225 10 7
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(CUSIP Number)
DECEMBER 31, 1998
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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:
[x] Rule 13d-1(b)
Page 1 of 6 Pages
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CUSIP NO. 708225 10 7 Page 2 of 6 Pages
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1.
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITY ONLY)
ESB Financial Corporation Employee Stock Ownership Plan Trust
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2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3.
SEC USE ONLY
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4.
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE VOTING
POWER
270,311
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6.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
VOTING POWER
285,794
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7.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
DISPOSITIVE POWER
270,311
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8.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
DISPOSITIVE POWER
285,794
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9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
556,105
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10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.56%
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12.
TYPE OF REPORTING PERSON
EP
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CUSIP NO. 708225 10 7 Page 3 of 6 Pages
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Item 1(a) Name of Issuer:
ESB Financial Corporation
Item 1(b) Address of Issuer's Principal Executive Office:
600 Lawrence Avenue
Ellwood City, Pennsylvania 16117
Item 2(a) Name of Person Filing:
ESB Financial Corporation Employee Stock Ownership Plan
Trust.
Item 2(b) Address of Principal Business Office or, if None, Residence:
ESB Financial Corporation
600 Lawrence Avenue
Ellwood City, Pennsylvania 16117
Item 2(c) Citizenship:
United States
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number:
708225 10 7
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
[X] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F).
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CUSIP NO. 708225 10 7 Page 4 of 6 Pages
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Item 4. Ownership.
(a) Amount beneficially owned:
556,105
(b) Percent of class:
10.56%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 270,311
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(ii) Shared power to vote or to direct the vote 285,794
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(iii) Sole power to dispose or to direct the disposition
of 270,311
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(iv) Shared power to dispose or to direct the
disposition of 285,794
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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.
Edmund C. Smith, George William Blank, Jr., Herbert S. Skuba and
William B. Salsgiver are the trustees ("Trustees") of the trust
(the "Trust") created pursuant to the ESB Financial Corporation
Employee Stock Ownership Plan ("ESOP") which holds 556,105
shares of Common Stock on behalf of the ESOP, of which
approximately 270,311 shares have not been allocated to the
accounts of participating employees as of December 31, 1998.
Under the terms of the ESOP, the Trustees will generally vote
all allocated shares in accordance with the instructions of the
participating employees, and allocated shares for which
employees do not give instructions will generally be voted
in the same ratio on any matter as to those shares for which
instructions are given. Unallocated shares held in the ESOP will
be voted by the Trustees in accordance with their fiduciary
duties. The amounts reported herein do not include shares of
Common Stock held by the Trustees in their individual capacity
and not as Trustees.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not Applicable.
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CUSIP NO. 708225 10 7 Page 5 of 6 Pages
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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, We certify that, to the best of our knowledge and
belief, the securities referred to above were acquired and are held
in the ordinary course of business and 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.
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CUSIP NO. 708225 10 7 Page 6 of 6 Pages
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SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of
the undersigned, the undersigned certifies that the information set forth in
this Statement on Schedule 13G is true, complete and correct.
ESB FINANCIAL CORPORATION EMPLOYEE STOCK
OWNERSHIP PLAN TRUST
Date: February 16, 1999 By:/s/ Edmund C. Smith
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Edmund C. Smith
Trustee for the ESB Financial Corporation
Employee Stock Ownership Plan Trust
Date: February 16, 1999 By:/s/ George William Blank, Jr.
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George William Blank, Jr.
Trustee for the ESB Financial Corporation
Employee Stock Ownership Plan Trust
Date: February 16, 1999 By:/s/ Herbert S. Skuba
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Herbert S. Skuba
Trustee for the ESB Financial Corporation
Employee Stock Ownership Plan Trust
Date: February 16, 1999 By:/s/ William B. Salsgiver
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William B. Salsgiver
Trustee for the ESB Financial Corporation
Employee Stock Ownership Plan Trust
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