UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
MERRILL MERCHANTS BANCSHARES, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
59021H103
- --------------------------------------------------------------------------------
(CUSIP Number)
AUGUST 14, 1998
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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>
- ---------------------------------- ---------------------------
| CUSIP NO. 59021H103 | 13G | Page 1 of 4 Pages |
| ----------- | | --- --- |
- ---------------------------------- ---------------------------
|--------|---------------------------------------------------------------------|
| 1 | NAME OF REPORTING PERSON |
| | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | WILLIAM C. BULLOCK, JR. |
|--------|---------------------------------------------------------------------|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] |
| | (b) [ ] |
| | |
|--------|---------------------------------------------------------------------|
| 3 | SEC USE ONLY |
| | |
|--------|---------------------------------------------------------------------|
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | UNITED STATES |
|-----------------|--------|---------------------------------------------------|
| | 5 | SOLE VOTING POWER |
| | | 226,044 |
| NUMBER OF |--------|---------------------------------------------------|
| SHARES | 6 | SHARED VOTING POWER |
| BENEFICIALLY | | NONE |
| OWNED BY |--------|---------------------------------------------------|
| EACH | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | 226,044 |
| PERSON |--------|---------------------------------------------------|
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | NONE |
|------------------------------------------------------------------------------|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 226,044 |
|--------|---------------------------------------------------------------------|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN [ ] |
| | SHARES* |
| | |
|--------|---------------------------------------------------------------------|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| | 8.9% |
|--------|---------------------------------------------------------------------|
| 12 | TYPE OF REPORTING PERSON* |
| | IN |
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 2 of 4 Pages
Item 1(a). Name of Issuer:
MERRILL MERCHANTS BANCSHARES, INC.
Item 1(b). Address of Issuer's Principal Executive Office:
201 MAIN STREET
BANGOR, ME 04402-0925
Item 2(a). Name of Person Filing:
WILLIAM C. BULLOCK, JR.
Item 2(b). Address of Principal Business Office:
201 MAIN STREET
BANGOR, ME 04402-0925
Item 2(c). Citizenship:
UNITED STATES
Item 2(d). Title of Class of Securities:
COMMON STOCK, $1.00 PAR VALUE PER SHARE ("COMMON STOCK")
Item 2(e). CUSIP Number:
59021H103
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:
If this statement is being filed pursuant to Rule 13d-1(c), check this box. [X]
Item 4. Ownership:
<TABLE>
<S> <C> <C>
(a) Amount Beneficially Owned 226,044
Common Stock
------------
The Bullock Family Trust, William C. Bullock, Jr. Trustee 87,651
Stock Options convertible into Common Stock
-------------------------------------------
William C. Bullock, Jr. 27,306
Mandatory Convertible Debentures into Common Stock
--------------------------------------------------
The Bullock Family Trust, William C. Bullock, Jr. Trustee 33,327
Series A Preferred Stock convertible into Common Stock
------------------------------------------------------
The Bullock Family Trust, William C. Bullock, Jr. Trustee 77,760
</TABLE>
<PAGE>
Page 3 of 4 Pages
<TABLE>
<S> <C> <C>
(b) Percent of Class 8.9%
Shares Beneficially Owned 226,044
Divided by
Current Outstanding Common Stock plus 2,388,036
Stock Options 27,306
Mandatory Convertible Debentures 33,327
Series A Preferred Stock 77,760
(c) Number of shares as to which
such person has:
(i) sole power to vote or to direct the vote 226,044
(ii) shared power to vote or to direct the vote n/a
(iii) sole power to dispose or to direct disposition of 226,044
(iv) shared power to dispose or to direct disposition of n/a
</TABLE>
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:
NOT APPLICABLE
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:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above 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.
<PAGE>
Page 4 of 4 Pages
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.
February 8, 1999
------------------------------
Date
/s/ William C. Bullock, Jr.
------------------------------
Signature
Chairman
------------------------------
Name/Title
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties for whom copies are to be sent.
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
