THIS DOCUMENT IS A COPY
OF THE SCHEDULE 13G OF
CHARLES R. HARRISON
FILED ON FEBRUARY 18, 1998
PURSUANT TO A RULE 201
TEMPORARY HARDSHIP EXEMPTION
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)/1/
UNION BANKSHARES, LTD.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.001 PER SHARE
(Title of Class of Securities)
905403101
(CUSIP Number)
Check the following box if a fee is being paid with this statement o. (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.)
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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.
The information required in 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 7 Pages
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UNION BANKSHARES, LTD. SCHEDULE 13G
CUSIP NO. 905403101
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(1) Name of Reporting Person; S.S. or I.R.S. Identification No.
CHARLES RICHARD HARRISON
(2) Check the Appropriate Box if a Member (a) / /
of a Group (See Instructions) (b) /X/
(3) SEC Use Only
(4) Citizenship or Place of Organization
UNITED STATES
Number of Shares (5) Sole Voting Power 371,216
Beneficially Owned
by Each Reporting (6) Shared Voting Power 66,589
Person With
(7) Sole Dispositive Power 374,332
(8) Shared Dispositive Power 63,473
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
437,805 SHARES
(10) Check Box if the Aggregate Amount in Row (9) / /
Excludes Certain Shares (See Instructions)
Page 2 of 7 Pages
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UNION BANKSHARES, LTD. SCHEDULE 13G
CUSIP NO. 905403101
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(11) Percent of Class Represented by Amount in Row (9)
34.9%
(12) Type of Reporting Person (See Instructions)
IN
Page 3 of 7 Pages
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UNION BANKSHARES, LTD. SCHEDULE 13G
CUSIP NO. 905403101
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Item 1(a). Name of Issuer:
UNION BANKSHARES, LTD.
Item 1(b). Address of Issuer's Principal Executive Offices:
1825 LAWRENCE STREET, SUITE 444
DENVER, COLORADO 80202
Item 2(a). Name of Person Filing:
CHARLES R. HARRISON
Item 2(b). Address of Principal Business Office:
1825 LAWRENCE STREET, SUITE 444
DENVER, COLORADO 80202
Item 2(c). Citizenship:
UNITED STATES
Item 2(d). Title of Class of Securities:
COMMON STOCK, PAR VALUE OF $.001 PER SHARE
Item 2(e). CUSIP Number:
905403101
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b), check whether the person filing is a:
NOT APPLICABLE.
Page 4 of 7 Pages
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UNION BANKSHARES, LTD. SCHEDULE 13G
CUSIP NO. 905403101
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Item 4. Ownership
Amount Beneficially Owned: 437,805 SHARES/2/
Percent of Class: 34.9% /3/
Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 371,216
(ii) shared power to vote or to direct the vote: 66,589
(iii) sole power to dispose or to direct the disposition of: 374,332
(iv) shared power to dispose or to direct the disposition of: 63,473
Item 5. Ownership of Five Percent or Less of a Class. If this
statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner
of more than 5 percent of the class of securities, check the
following. [ ]
NOT APPLICABLE
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
NOT APPLICABLE.
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/2/ As of February 13, 1998. Includes (1) 286,816 shares owned directly by
Mr. Harrison and (2) 84,400 shares beneficially owned by Mr. Harrison
pursuant to currently exercisable options, or options exercisable within
sixty days of February 13, 1998, granted to Mr. Harrison by the Company
under its non-employee director stock option plan and (3) 3,116 shares
beneficially owned pursuant to Mr. Harrison's participation in the 401(k)
Plan and (4) 63,473 shares held in the Union Bankshares, Ltd.
Profit Sharing 401(k) Plan of which shares Mr. Harrison is deemed to be
the beneficial owner for purposes of this Schedule 13G by virtue of his
position as trustee of the Plan with shared voting and dispositive power
over such shares and as to which shares Mr. Harrison disclaims beneficial
ownership.
/3/ Based on 1,252,907 shares of Common Stock deemed to be outstanding on
February 13, 1998. Includes 84,400 options granted to Mr. Harrison,
exercisable immediately or within 60 days of February 13, 1998.
Page 5 of 7 Pages
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UNION BANKSHARES, LTD. SCHEDULE 13G
CUSIP NO. 905403101
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Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on 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:
NOT APPLICABLE.
Page 6 of 7 Pages
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UNION BANKSHARES, LTD. SCHEDULE 13G
CUSIP NO. 905403101
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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.
Dated: February 17, 1998
Signature
/s/ Charles R. Harrison
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Charles R. Harrison
Page 7 of 7 Pages
