UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
PEOPLES BANCORPORATION, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common
- --------------------------------------------------------------------------------
(Title of Class of Securities)
709792105
- --------------------------------------------------------------------------------
(CUSIP Number)
Robert E. Dye, Sr., Peoples Bancorporation, Inc., 1800 East Main Street, Easley,
South Carolina 29640
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
April 28, 1998
- --------------------------------------------------------------------------------
(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 because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
Schedules filed in paper format shall include a signed original and five copies
of the schedule, including all exhibits. See Rule 13d-7(b) 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>
SCHEDULE 13D
CUSIP NO. 205648108 PAGE 2 OF 4
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert E. Dye, Sr.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
- --------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7. SOLE VOTING POWER
182,043 (includes options to purchase 63,481 shares)
- --------------------------------------------------------------------------------
8. SHARED VOTING POWER
117,958
- --------------------------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
182,043 (includes options to purchase 63,481 shares)
- --------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
117,958
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
300,001 (includes options to purchase 63,481 shares)
- --------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.87%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
<PAGE>
Schedule 13D Page 3 of 4 Pages
Item 1. Security and Issuer
Common stock of Peoples Bancorporation, Inc., 1800 East Main Street,
Easley, South Carolina 29640 (the "Issuer").
Item 2. Identity and Background
Robert E. Dye, Sr. is a natural person whose business address is 1800
East Main Street, Easley, South Carolina 29640. Mr. Dye has served as Chairman
of the Board, Chief Executive Officer and President of the Issuer since its
organization in 1992. Mr. Dye has served as Chairman of the Board and Chief
Executive Officer of The Peoples National Bank, a wholly-owned subsidiary of the
Issuer, since August 1986. Mr. Dye has not, during the last five years, been
convicted in a criminal proceeding or been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction as a result of which
he was or is subject to any judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, state or
federal securities laws or finding any violation with respect to such laws. Mr.
Dye is a citizen of the State of South Carolina and the United States of
America.
Item 3. Source and Amount of Funds or Other Consideration
Mr. Dye has acquired securities pursuant to purchases using personal
funds, through stock dividends and stock splits as follows:
Date # Shares Cost
---- -------- ----
Original Issue 08/08/86 60,000 $10/share
Stock Purchase (net) 11/07/86 121 $11/share
Stock Split 11/17/89 30,000 -
5% Stock dividend 07/13/92 4,860 -
5% Stock dividend 07/12/93 5,103 -
5% Stock dividend 12/12/94 5,177 -
5% Stock dividend 11/30/95 5,257 -
5% Stock dividend 11/08/96 5,351 -
5% Stock dividend 10/31/97 5,484 -
Stock Split 12/31/97 115,167 -
Item 4. Purpose of Transaction
Mr. Dye has acquired the securities of the Issuer for investment
purposes. Mr. Dye has no present plans or proposals that may result in any of
the events listed in subparagraphs (a) through (j) of Item 4. Mr. Dye may,
however, in the future, acquire or dispose of securities of the Issuer and may
participate in the taking of actions listed in subparagraphs (a) through (j) of
Item 4 in his capacity as an officer and director of the Issuer.
Item 5. Interest in Securities of the Issuer
Mr. Dye is the beneficial owner pursuant to Section 13(d) of the
Securities Exchange Act of 1934 and the rules and regulations promulgated
pursuant thereto, of 365,232 shares or 15.87% of the Issuer's outstanding common
stock, of which 63,481 shares are beneficially owned pursuant to currently
exercisable options to purchase common stock. Mr. Dye has sole voting and
disposition power with respect to 247,274 of the shares. The remaining 117,958
shares are owned by Mr. Dye's wife.
Mr. Dye has not effected any transactions with respect to the Issuer's
common stock in the past 60 days.
<PAGE>
Schedule 13D Page 4 of 4 Pages
No other person has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, such securities.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
The options referred to in Item 5 above were granted to Mr. Dye by the
Issuer pursuant to the Issuer's 1993 Incentive Stock Option Plan. The exercise
prices of the options are the fair market values as of the dates of grant.
Otherwise, no disclosure is required pursuant to Item 6.
Item 7. Material to be Filed as Exhibits
None.
Signatures
After reasonable inquiry and to the best of my knowledge and belief, I
certify the information set forth in this amended statement is true, complete
and correct.
s/Robert E. Dye, Sr.
April 23, 1998 ------------------------------------
Robert E. Dye, Sr.
<PAGE>
May 5, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Peoples Bancorporation, Inc., Robert E. Dye, Sr. Schedule 13D
Dear Sir or Madam:
Peoples Bancorporation, Inc. filed a Form 8-A registering its common stock
pursuant to the Securities Exchange Act of 1934 on April 28, 1998. Robert E.
Dye, Sr. is, to the knowledge of management of Peoples Bancorporation, Inc., the
only person who currently owns more than 5% of the Peoples Bancorporation Common
Stock. Enclosed for Mr. Dye please find a Schedule 13D.
If you have questions regarding this filing, please call me or Chip King at
(803) 779-3080.
Very truly yours,
Suzanne Hulst Clawson
Enclosure
SHC/pd
