CUSIP No. 785040106 Page 1 of 4
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
SWVA BANCSHARES, INC.
(Name of Issuer)
Common Stock, $.10 par value
(Title of Class of Securities)
785040106
(CUSIP Number)
Charles R. Haywood
Foley & Lardner
One IBM Plaza
330 North Wabash Avenue
Suite 3300
Chicago, Illinois 60611
(312) 755-2510
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 10, 1999
(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 [ ].
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CUSIP No. 785040106 Page 2 of 4
1 Name of Reporting Person
S.S. or I.R.S. Identification Number of Above Person (optional)
Richard J. Nelson
2 Check The Appropriate Box If a Member of a Group (a)[ ]
(b)[ ]
3 SEC Use Only
4 Source of Funds: Not Applicable
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [X]
6 Citizenship or Place of Organization
United States
7 Sole Voting Power
0 shares
Number of
Shares 8 Shared Voting Power
Beneficially 0 shares
Owned By
Each Reporting 9 Sole Dispositive Power
Person With 0 shares
10 Shared Dispositive Power
0 shares
11 Aggregate Amount Beneficially Owned by Each Reporting Person
0 shares
12 Check Box If The Aggregate Amount in Row (11) Excludes
Certain Shares [ ]
13 Percent of Class Represented By Amount in Row (11)
0%
14 Type of Reporting Person
IN
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CUSIP No. 785040106 Page 3 of 4
This is Amendment No. 3 to the Schedule 13D (as earlier amended, the
"Original 13D") filed by Richard J. Nelson and relates to the common stock, $.10
par value (the "Common Stock"), of SWVA Bancshares, Inc. (the "Issuer"). The
address of the principal executive offices of the Issuer is 302 Second Street,
Roanoke, Virginia 24011. The following items in the Original 13D are amended to
read in their entirety as follows:
Item 4. Purpose of Transaction
Between September, 1997 and May, 1998, Mr. Nelson engaged in various
activities related to influencing the Issuer. Details regarding those activities
are contained in the Original 13D and the exhibits thereto. On February 10,
1999, Mr. Nelson sold his entire holding of the Common Stock to the Issuer at
$17 1/16 per share. As part of the transaction, Mr. Nelson and the Issuer
entered into an agreement, pursuant to which Mr. Nelson agreed to refrain from
acquiring ownership or control of any shares of the Common Stock through
February 9, 2011.
Item 5. Interest in Securities of the Issuer
(a) Mr. Nelson beneficially owns no shares of the Common Stock.
(b) Not applicable.
(c) On February 10, 1999, Mr. Nelson sold all shares of the Common
Stock beneficially owned by Mr. Nelson to the Issuer at $17
1/16 per share.
(d) Not applicable.
(e) On February 10, 1999, Mr. Nelson ceased to be the beneficial
owner of more than five percent of the Common Stock.
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CUSIP No. 785040106 Page 4 of 4
SIGNATURES
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.
Date: February 11, 1999
/s/ Richard J. Nelson
Richard J. Nelson
