UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
450 5th Street, N.W.
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
Tracy L. Riffe and Martha J. Riffe
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(Name of Person Filing Statement)
Beckley Bancorp, Inc.
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(Name of Issuer)
Common Stock, par value $0.10 per share
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(Title of Class of Securities)
075735 100
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(CUSIP Number of Class of Securities)
Tracy L. Riffe
Martha J. Riffe
110 Croft Street
Beckley, WV 25801
(304) 253-4230
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(Name, address and telephone number
of person authorized to receive
notices and communications)
December 11, 1996
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(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 .
-----------------
(Continued on the following pages)
(Page 1 of 6 Pages)
<PAGE>
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CUSIP No. 075 735 100 13D Page 2 of 6 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Tracy L. Riffe (###-##-####) & Martha J. Riffe (Spouse)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)|_|
(b)|_|
N/A
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_|
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
NUMBER OF
SHARES 31,100
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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8 SHARED VOTING POWER
0
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9 SOLE DISPOSITIVE POWER
39,361
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10 SHARED DISPOSITIVE POWER
714
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
40,075
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.7%
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14 TYPE OF REPORTING PERSON
IN
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<PAGE>
Tracy L. Riffe and Martha J. Riffe
SSN: ###-##-####
Schedule 13D
Page 3 of 6
Item 1. Security and Issuer
- ----------------------------
The class of equity security to which this statement relates is the
Common Stock, $0.10 par value, of Beckley Bancorp, Inc. whose executive office
is located at 200 Main Street, Beckley, West Virginia 25801.
Item 2. Identity and Background
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First Reporting Person
----------------------
(a) Name: Tracy L. Riffe
(b) Residence Address: 110 Croft Street, Beckley, WV 25801
------------------
(c) Principal Occupation: Chairman of the Board, Beckley
--------------------- Bancorp, Inc. and Beckley
Federal Savings Bank, 200 Main
Street, Beckley, WV 25801.
Retired President and Chief
Executive Officer, Beckley
Federal Savings Bank, 200 Main
Street, Beckley, WV 25801.
(d) Criminal Proceeding Convictions: None
--------------------------------
(e) Securities Laws Proceedings: None
----------------------------
(f) Citizenship: United States
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Second Reporting Person
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(a) Name: Martha J. Riffe
-----
(b) Residence Address: 110 Croft Street, Beckley, WV 25801
------------------
(c) Principal Occupation: Spouse of first reporting
--------------------- person and homemaker.
(d) Criminal Proceeding Convictions: None
--------------------------------
(e) Securities Laws Proceedings: None
----------------------------
(f) Citizenship: United States
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<PAGE>
Tracy L. Riffe and Martha J. Riffe
SSN: ###-##-####
Schedule 13D
Page 4 of 6
Item 3. Source and Amount of Funds and Other Consideration
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The purchase of 29,910 of the shares of Common Stock beneficially owned
was made with $316,896 from the personal funds of the reporting persons. Of the
remaining shares, 1,190 were granted to the first reporting person under a stock
bonus plan of which 476 shares are fully vested and 714 shares are held by the
stock bonus plan trust. The remaining 8,975 shares represent options to purchase
shares which are excercisable within sixty days.
Item 4. Purpose of Transaction
- -------------------------------
The purpose of the acquisition of securities of the issuer is for the
personal investment of the reporting persons. The reporting persons have no
plans or proposals which relate to or would result in the acquisition by any
person of additional securities of the issuer, or the disposition of securities
of the issuer; an extraordinary corporate transaction, such as a merger,
reorganization or liquidation; a sale or transfer of a material amount of assets
of the issuer or of any of its subsidiaries; any change in the present board of
directors or management of the issuer, including any plans or proposals to
change the number or term of directors or to fill any existing vacancies on the
board; any material change in the present capitalization or dividend policy of
the issuer; any other material change in the issuer's business or corporate
structure; changes in the issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of the
issuer by any person; causing a class of securities of the issuer to cease to be
authorized to be quoted in an inter-dealer quotation system of a registered
national securities association; a class of equity securities of the issuer
becoming eligible for termination of registration pursuant to Section 12(g)(4)
of the Act; or any action similar to any of those listed above.
Item 5. Interest in Securities of the Issuer
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(a) 40,075 shares are beneficially owned by the reporting
persons as of the date of this statement, representing
6.7% of the issued and outstanding shares. The shares
beneficially owned include 8,975 shares which the
reporting persons have a right to acquire within sixty
days pursuant to the exercise of stock options. The
shares beneficially owned also include 714 shares held by
a stock bonus plan trust.
<PAGE>
Tracy L. Riffe and Martha J. Riffe
SSN: ###-##-####
Schedule 13D
Page 5 of 6
Item 5. Interest in Securities of the Issuer (continued)
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(b) Of the 40,075 shares beneficially owned by the reporting
persons as of the date of this statement, the reporting
persons exercise sole voting power over 31,100 shares and
sole dispositive power over 39,361 shares. The 714
shares held by the stock bonus plan trust, of which the
first reporting person is a trustee, has specific
restrictions on the disposition of such shares. Of the
shares beneficially owned by the reporting persons, 8,975
are options to purchase shares which are exercisable
within sixty days and the reporting person has no
immediate voting rights as such shares have not been
issued. Reference is made to Items 7, 8, 9, 10 and 11 of
page 1 of this statement.
(c) On December 11, 1996, the reporting persons became
eligible to exercise 6,000 options to purchase which were
granted to the reporting persons on June 11, 1996. The
only other transaction in the class of securities
reported on that has been effected during the past sixty
days was the purchase of 211 shares on October 30, 1996
at a price of $17.00 per share from an unaffiliated third
party through a broker registered with the National
Association of Securities Dealers.
(d) No other person has any interest in the securities
reported pursuant to this Schedule 13D.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
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There are no contracts, arrangements, understandings or relationships
between the undersigned and any other person with respect to the issuer's
securities, including but not limited to the transfer or voting of securities,
finder's fees, joint ventures, loan or option arrangements, puts or calls,
guarantees of profits, division of profits or loss, the giving or withholding of
proxies or otherwise.
Item 7. Material to be Filed as Exhibits
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None required.
<PAGE>
Tracy L. Riffe and Martha J. Riffe
SSN: ###-##-####
Schedule 13D
Page 6 of 6
SIGNATURES
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After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
January 2, 1997 /s/Tracy L. Riffe
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Date Signature
Tracy L. Riffe
---------------------------
Name (Typed)
January 2, 1997 /s/Martha J. Riffe
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Date Signature
Martha J. Riffe
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Name (Typed)
