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ODDFOOTER: DAVIS\13D\COMMINV.5
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
Community Investors Bancorp, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
203719 10 9
(CUSIP Number)
Jerome H. Davis
c/o David M. Perlmutter, Esq.
200 Park Ave., Suite 4515, New York, NY 10166
(212) 986-4900
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 4, 1996
(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(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 of 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 7 Pages
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CUSIP No. 203719 10 9
1. Name of Reporting Person Jerome H. Davis
S.S. or I.R.S. Identification ###-##-####
No. of Above Person
2. Check the Appropriate Box (a)
if a Member of a Group (b) X
(See Instructions)
3. SEC Use Only
4. Source of Funds (See Instructions)
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
Number of 7. Sole Voting Power 10,000
Shares 8. Shared Voting
Beneficially Power 19,000*<F1>
Owned by 9. Sole Dispositive
Each Report- Power 10,000
ing Person 10. Shared Dispositive
with Power 19,000*<F1>
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 29,000*<F1>
12. Check Box if the Aggregate Amount
in Row (11) Excludes Certain / /
Shares (See Instructions)
13. Percent of Class Represented
by amount in Row (11) 4.58%
14. Type of Reporting Person IN
(See Instructions)
<F1>
* See Items 5(a) and 5(b) of this Statement.
Page 2 of 7 Pages
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CUSIP No. 203719 10 9
1. Name of Reporting Person Susan B. Davis
S.S. or I.R.S. Identification ###-##-####
No. of Above Person
2. Check the Appropriate Box (a)
if a Member of a Group (b) X
(See Instructions)
3. SEC Use Only
4. Source of Funds (See Instructions)
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
Number of 7. Sole Voting Power -0-
Shares 8. Shared Voting
Beneficially Power 29,000*<F2>
Owned by 9. Sole Dispositive
Each Report- Power -0-
ing Person 10. Shared Dispositive
with Power 29,000*<F2>
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 29,000*<F2>
12. Check Box if the Aggregate Amount
in Row (11) Excludes Certain / /
Shares (See Instructions)
13. Percent of Class Represented
by amount in Row (11) 4.58%
14. Type of Reporting Person IN
(See Instructions)
<F2>
* See Items 5(a) and 5(b) of this Statement. For purposes of this
Statement, Susan B. Davis may be deemed, pursuant to Rules 13d-3(a)(1)
and 13d-3(a)(2) under the Securities Exchange Act of 1934,
as amended, to be the beneficial owner of 10,000 shares of the
Company's Common Stock, par value $.01 per share, held in the name
of her husband, Jerome H. Davis.
Page 3 of 7 Pages
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The Statement on Schedule 13D (the "Statement") of Jerome
H. Davis, with respect to the Common Stock, par value $.01 per
share (the "Common Stock") of Community Investors Bancorp, Inc., an
Ohio corporation ("Community") is hereby amended as set forth
below.
Item 4. Purpose of Transaction.
Item 4 of the Statement is hereby supplemented by the
addition of the following:
"The disposition of Common Stock, as set forth on
Schedule A hereto, reflects investment decisions consistent with
the purpose for which the shares of Common Stock were acquired.
Mr. and Mrs. Davis may make further dispositions of any or all of
the shares of Common Stock held by them at any time. Mr. and Mrs.
Davis may, at any time and from time to time, review or reconsider
their position with respect to Community, and formulate plans or
proposals with respect to any of such matters, but have no present
intention to do so."
Item 5. Interest in Securities of the Issuer.
A. Paragraphs (a) and (b) of Item 5 of the Statement
are amended and restated in their entirety to read as follows:
"(a) The aggregate number of shares of Common Stock
deemed to be beneficially owned by Mr. and Mrs. Davis for the
purposes of this Statement is 29,000 shares, representing 4.58%
percent of the outstanding shares of Common Stock based on 632,936
shares of Common Stock disclosed by Community as outstanding on
November 6, 1996. Of such shares, 10,000 (1.58%) are held in the
name of Mr. Davis, and 19,000 (3.0%) are held in the name of Mr.
and Mrs. Davis.
(b) (i) Subject to the matters referred to in paragraph
(a) hereof, Mr. Davis has sole power to vote or direct the vote and
sole power to dispose or direct the disposition of the 10,000
shares of Common Stock owned by him, and shared power to vote or
direct the vote and shared power to dispose or direct the
disposition of the 19,000 shares of Common Stock jointly owned by
him and Mrs. Davis.
(ii) Subject to the matters referred to in
paragraphs (a) and (b)(i) hereof, Mrs. Davis has shared power to
vote or direct the vote and shared power to dispose or direct the
disposition of the 19,000 shares of Common Stock jointly owned by
her and Mr. Davis, and may be deemed to have shared power to vote
or direct the vote and shared power to dispose or direct the
disposition of the 10,000 shares of Common Stock owned by Mr.
Davis."
Page 4 of 7 Pages
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B. Paragraph (c) of Item 5 of the Statement is hereby
supplemented by the addition of the following:
"Mr. Davis directed the sale of an aggregate of 11,000
shares of Common Stock beneficially owned by Mr. and Mrs. Davis,
and received, aggregate consideration of $194,562.50. The amount,
date and other information with respect to such sale are listed on
Schedule A hereto."
C. Item 5 is hereby supplemented by adding paragraph
(e) to read in its entirety as follows:
"(e) Mr. and Mrs. Davis, as stated above, sold
11,000 shares of Common Stock beneficially owned by them in an open
market transaction and as a result thereof on November 4, 1996, Mr.
and Mrs. Davis ceased to have five percent (5%) or more of a
beneficial ownership interest in the outstanding shares of Common
Stock. As of the date hereof, Mr. and Mrs. Davis beneficially
owned approximately 4.58% of the outstanding shares of Common
Stock."
Page 5 of 7 Pages
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Signature.
After reasonable inquiry and to the best knowledge and
belief of the undersigned, the undersigned certify that the
information set forth in this amendment is true, complete and
correct.
11/14/96 Jerome H. Davis
Date (Signature)
11/14/96 Susan B. Davis
Date (Signature)
Page 6 of 7 Pages
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<TABLE>
Schedule A
Information with Respect to
Transactions in the Common Stock
of Community Investors Bancorp, Inc.
By Jerome H. Davis and Susan B. Davis
<CAPTION>
Date of Number of Shares Price Per Share Where
How
Transaction Purchased (Sold) (excluding commissions) Transacted
Transacted
<S> <C> <C> <C>
<C>
Susan and
Jerome Davis:
1. November 4, 1996 (11,000) $17.6875 OTC
*<F3>
<FN>
<F3>
* Transaction effected in the over-the-counter market ("OTC") through a standard
brokerage
account maintained by Mr. and Mrs. Davis.
</FN>
</TABLE>
Page 7 of 7 Pages
