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    Amendment: SEC Form SC 13D/A filed by Bank of Marin Bancorp

    7/30/24 7:32:54 PM ET
    $BMRC
    Major Banks
    Finance
    Get the next $BMRC alert in real time by email
    SC 13D/A 1 sc13da313168002_07302024.htm AMENDMENT NO. 3 TO SCHEDULE 13D

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

    SCHEDULE 13D

    (Rule 13d-101)

    INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

    TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

    § 240.13d-2(a)

    (Amendment No. 3)1

    Bank of Marin Bancorp

    (Name of Issuer)

    Common Stock

    (Title of Class of Securities)

    063425102

    (CUSIP Number)

    STEVE WOLOSKY, ESQ.

    OLSHAN FROME WOLOSKY LLP

    1325 Avenue of the Americas

    New York, New York 10019

    (212) 451-2300

    (Name, Address and Telephone Number of Person

    Authorized to Receive Notices and Communications)

     

    July 29, 2024

    (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 that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.

    Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties to whom copies are to be sent.

     

     

     

    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 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).

     

    CUSIP No. 063425102

      1   NAME OF REPORTING PERSON  
             
            Riley Gardner  
      2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
            (b) ☐
               
      3   SEC USE ONLY    
               
               
      4   SOURCE OF FUNDS  
             
            OO  
      5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
           
               
      6   CITIZENSHIP OR PLACE OF ORGANIZATION  
             
            USA  
    NUMBER OF   7   SOLE VOTING POWER  
    SHARES          
    BENEFICIALLY         383,347  
    OWNED BY   8   SHARED VOTING POWER  
    EACH          
    REPORTING         - 0 -  
    PERSON WITH   9   SOLE DISPOSITIVE POWER  
             
              383,347  
        10   SHARED DISPOSITIVE POWER  
               
              - 0 -  
      11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
             
            383,347  
      12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
           
               
      13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
             
            2.4%  
      14   TYPE OF REPORTING PERSON  
             
            IN  

      

    2

    CUSIP No. 063425102

      1   NAME OF REPORTING PERSON  
             
            Shawn Devlin  
      2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
            (b) ☐
               
      3   SEC USE ONLY    
               
               
      4   SOURCE OF FUNDS  
             
            OO  
      5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
           
               
      6   CITIZENSHIP OR PLACE OF ORGANIZATION  
             
            USA  
    NUMBER OF   7   SOLE VOTING POWER  
    SHARES          
    BENEFICIALLY         466,031  
    OWNED BY   8   SHARED VOTING POWER  
    EACH          
    REPORTING         - 0 -  
    PERSON WITH   9   SOLE DISPOSITIVE POWER  
             
              466,031  
        10   SHARED DISPOSITIVE POWER  
               
              - 0 -  
      11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
             
            466,031  
      12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
           
               
      13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
             
            2.9%  
      14   TYPE OF REPORTING PERSON  
             
            IN  

      

    3

    CUSIP No. 063425102

    The following constitutes Amendment No. 3 to the Schedule 13D filed by the undersigned (“Amendment No. 3”). This Amendment No. 3 amends the Schedule 13D as specifically set forth herein.

    Item 5.Interest in Securities of the Issuer.

    Items 5(a)–(c) are hereby amended and restated to read as follows:

    The aggregate percentage of Shares reported owned by each person named herein is based upon 16,285,786 Shares outstanding as of April 30, 2024, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on May 9, 2024.

    A.Mr. Gardner
    (a)As of the date hereof, Mr. Gardner directly beneficially owned 383,347 Shares.

    Percentage: Approximately 2.4%

    (b)1. Sole power to vote or direct vote: 383,347
    2. Shared power to vote or direct vote: -0-
    3. Sole power to dispose or direct the disposition: 383,347
    4. Shared power to dispose or direct the disposition: -0-
    (c)Mr. Gardner’s transactions in the securities of the Issuer during the past 60 days are set forth on Schedule A annexed hereto.
    B.Ms. Devlin
    (a)As of the date hereof, Ms. Devlin directly beneficially owned 466,031 Shares.

    Percentage: Approximately 2.9%

    (b)1. Sole power to vote or direct vote: 466,031
    2. Shared power to vote or direct vote: -0-
    3. Sole power to dispose or direct the disposition: 466,031
    4. Shared power to dispose or direct the disposition: -0-
    (c)Ms. Devlin’s transactions in the securities of the Issuer during the past 60 days are set forth on Schedule A annexed hereto.

    The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or she does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or she does not directly own.

    4

    CUSIP No. 063425102

    SIGNATURES

    After reasonable inquiry and to the best of their respective knowledge, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

    Dated: July 30, 2024

     

    /s/ Riley Gardner

      Riley Gardner
       
       
     

    /s/ Shawn Devlin

      Shawn Devlin

    5

    CUSIP No. 063425102

    SCHEDULE A

    Transactions in the Securities of the Issuer During the Past Sixty Days

    Nature of the Transaction

    Amount of Securities

    Purchased/(Sold)

    Price ($)

    Date of

    Purchase/Sale

    RILEY GARDNER

    Sale of Common Stock (2,514) $15.4045 05/31/2024
    Sale of Common Stock (2,586) $15.1891 06/03/2024
    Sale of Common Stock (2,456) $14.7621 06/04/2024
    Sale of Common Stock (2,708) $14.8090 06/05/2024
    Sale of Common Stock (2,137) $15.1581 06/07/2024
    Sale of Common Stock (2,400) $14.9117 06/10/2024
    Sale of Common Stock (1,440) $14.7836 06/11/2024
    Sale of Common Stock (1,600) $15.2725 06/12/2024
    Sale of Common Stock (748) $14.9129 06/20/2024
    Sale of Common Stock (2,118) $14.7449 06/21/2024
    Sale of Common Stock (1,722) $14.7503 06/24/2024
    Sale of Common Stock (2,300) $14.6036 06/25/2024
    Sale of Common Stock (4,882) $16.2071 06/28/2024
    Sale of Common Stock (2,001) $16.3790 07/01/2024
    Sale of Common Stock (1,802) $16.4897 07/02/2024
    Sale of Common Stock (4,402) $20.0257 07/15/2024
    Sale of Common Stock (5,608) $21.1791 07/16/2024
    Sale of Common Stock (1,859) $21.3835 07/17/2024
    Sale of Common Stock (2,342) $20.8920 07/18/2024
    Sale of Common Stock (1,200) $20.4908 07/19/2024
    Sale of Common Stock (2,000) $20.8850 07/22/2024
    Sale of Common Stock (2) $21.4500 07/23/2024
    Sale of Common Stock (2,704) $21.3377 07/24/2024
    Sale of Common Stock (2,058) $22.0895 07/25/2024
    Sale of Common Stock (2,800) $22.2546 07/26/2024
    Sale of Common Stock (2,804) $19.6246 07/29/2024

     

     

    CUSIP No. 063425102

    SHAWN DEVLIN

    Sale of Common Stock (1,400) $14.7586 06/11/2024
    Sale of Common Stock (2,335) $15.2578 06/12/2024
    Sale of Common Stock (1,181) $14.8995 06/13/2024
    Sale of Common Stock (1,024) $14.7182 06/14/2024
    Sale of Common Stock (1,681) $14.7404 06/17/2024
    Sale of Common Stock (2,379) $14.9450 06/18/2024
    Sale of Common Stock (1,797) $14.9612 06/20/2024
    Sale of Common Stock (4,855) $14.7509 06/21/2024
    Sale of Common Stock (2,159) $14.7734 06/24/2024
    Sale of Common Stock (3,725) $14.6380 06/25/2024
    Sale of Common Stock (4,948) $14.6584 06/26/2024
    Sale of Common Stock (8,065) $15.6700 06/27/2024
    Sale of Common Stock (7,731) $16.1752 06/28/2024
    Sale of Common Stock (4,769) $16.4111 07/01/2024
    Sale of Common Stock (2,901) $16.5027 07/02/2024
    Sale of Common Stock (2,703) $16.2272 07/03/2024
    Sale of Common Stock (3,055) $16.0024 07/05/2024
    Sale of Common Stock (3,377) $16.3617 07/08/2024
    Sale of Common Stock (1,178) $16.4148 07/09/2024
    Sale of Common Stock (6,176) $17.2679 07/10/2024
    Sale of Common Stock (3,350) $18.4542 07/11/2024
    Sale of Common Stock (4,771) $18.9303 07/12/2024
    Sale of Common Stock (6,823) $20.0925 07/15/2024
    Sale of Common Stock (6,911) $21.0021 07/16/2024
    Sale of Common Stock (8,248) $21.4810 07/17/2024
    Sale of Common Stock (2,458) $21.0948 07/18/2024

     

     

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