ddalrymple13d02232012.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
CHEMUNG FINANCIAL CORPORATION
(Name of Issuer)
Common Stock, Par Value $0.01
(Title of Class of Securities)
164024 10 1
(CUSIP NUMBER)
David J. Dalrymple, 274 Coleman Avenue, Elmira, New York 14903; Telephone: (607) 737-5077 with a copy to Seth T. Hiland, Esq., Sayles & Evans, One West Church Street, Elmira, New York 14901; Telephone: (607) 734-2271
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
April 8, 2011
(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 Rule 13d-7 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 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 “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. 164024 10 1
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
David J. Dalrymple
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
3. SEC Use Only
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4.
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Source of Funds (See Instructions):
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PF
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5.
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Check if Disclosure of Legal Proceedings is Required Pursuant
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to Items 2(d) or 2(e)
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6.
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Citizenship or Place of Organization
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United States
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Number of 7. Sole Voting Power 10,915
Shares
Beneficially 8. Shared Voting Power 413,870
Owned by
Each Reporting 9. Sole Dispositive Power 10,915
Person With
10. Shared Dispositive Power 413,870
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11.
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Aggregate Amount Beneficially Owned by
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424,785
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12.
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Check if the Aggregate Amount in Row (11)
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Excludes Certain Shares (See Instructions)
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13.
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Percent of Class Represented by Amount in Row (11)
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9.30%
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14.
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Type of Reporting Person (See Instructions)
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IN
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CUSIP No. 164024 10 1
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Robert H. Dalrymple
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) ý
3. SEC Use Only
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4.
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Source of Funds (See Instructions):
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PF
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5.
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Check if Disclosure of Legal Proceedings is Required Pursuant
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to Items 2(d) or 2(e)
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6.
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Citizenship or Place of Organization
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United States
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Number of 7. Sole Voting Power 243,175
Shares
Beneficially 8. Shared Voting Power 106,150
Owned by
Each Reporting 9. Sole Dispositive Power 243,175
Person With
10. Shared Dispositive Power 106,150
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11.
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Aggregate Amount Beneficially Owned by
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349,325
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12.
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Check if the Aggregate Amount in Row (11) X
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Excludes Certain Shares (See Instructions)
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13.
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Percent of Class Represented by Amount in Row (11)
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7.65%
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14.
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Type of Reporting Person (See Instructions)
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IN
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CUSIP No. 164024 10 1
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Joanne F. Dalrymple
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) ý
3. SEC Use Only
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4.
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Source of Funds (See Instructions):
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OO
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5.
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Check if Disclosure of Legal Proceedings is Required Pursuant
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to Items 2(d) or 2(e)
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6.
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Citizenship or Place of Organization
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United States
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Number of 7. Sole Voting Power 0
Shares
Beneficially 8. Shared Voting Power 307,720
Owned by
Each Reporting 9. Sole Dispositive Power 0
Person With
10. Shared Dispositive Power 307,720
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11.
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Aggregate Amount Beneficially Owned by
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307,720
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12.
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Check if the Aggregate Amount in Row (11)
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Excludes Certain Shares (See Instructions)
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13.
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Percent of Class Represented by Amount in Row (11)
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6.73%
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14.
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Type of Reporting Person (See Instructions)
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IN
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CUSIP No. 164024 10 1
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Dalrymple Family Limited Partnership
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) ý
3. SEC Use Only
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4.
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Source of Funds (See Instructions):
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OO
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5.
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Check if Disclosure of Legal Proceedings is Required Pursuant
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to Items 2(d) or 2(e)
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6.
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Citizenship or Place of Organization
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State of New York
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Number of 7. Sole Voting Power 0
Shares
Beneficially 8. Shared Voting Power 307720
Owned by
Each Reporting 9. Sole Dispositive Power 0
Person With
10. Shared Dispositive Power 307720
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11.
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Aggregate Amount Beneficially Owned by
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307720
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12.
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Check if the Aggregate Amount in Row (11)
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Excludes Certain Shares (See Instructions)
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13.
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Percent of Class Represented by Amount in Row (11)
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6.73%
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14.
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Type of Reporting Person (See Instructions)
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PN
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Item 1. Security and Issuer.
Common Stock, Par Value $0.01
Chemung Financial Corporation
One Chemung Canal Plaza
Elmira, New York 14902
Item 2. Identity and Background.
Item 2 is hereby amended and supplemented effect as of the date of this Amendment so that the first paragraph thereof reads as follows:
“Pursuant to Rule 13d-1(k) of Rgulation 13D of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (“Exchange Act”), the undersigned David J. Dalrymple, Robert H. Dalrymple, Joanne F. Dalrymple, and Dalrymple Family Limited Partnership, hereby file this Schedule 13D statement jointly. The above-named persons are hereinafter sometimes collectively referred to as the “Reporting Persons.” The Reporting Persons are making this single joint filing because certain of the ReportingPersons may be deemed to share beneficial ownership of certain shares of the Common Stock of the Issuer as a result of family and other relationships among them. Any such benficial ownership is expressly disclaimed by each of the Reporting Persons. The Reporting Persons are also making this single joint filing because they may be deemed to constitute a “group” within the meaning of Section 13(d)(3) of the Exchange Act, altough neither the fact of this filing for anything contained herein shall be deemed an admission by any Reporting Person that any such group exists.
David J. Dalrymple
David J. Dalrymple
274 Coleman Avenue
Elmira, New York 14903
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(c)
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Present Principal Occupation or Employment and Name, Principal Business, and Address of Organization in which Conducted
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President of Dalrynple Holding Corporation
2105 South Broadway
Pine City, New York 14871
(d) Criminal Convictions in Past Five (5) Years
None
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(e)
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Civil Proceedings under Federal and State Securities Laws in Past Five (5) Years
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None
(f) Citizenship
United States
Robert H. Dalrymple
Robert H. Dalrymple
875 Upland Drive
Elmira, New York 14905
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(c)
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Present Principal Occupation or Employment and Name, Principal Business, and Address of Organization in which Conducted
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Vice President & Secretary of Dalrynple Holding Corporation
2105 South Broadway
Pine City, New York 14871
(d) Criminal Convictions in Past Five (5) Years
None
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(e)
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Civil Proceedings under Federal and State Securities Laws in Past Five (5) Years
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None
(f) Citizenship
United States
Joanne F. Dalrymple
Joanne F. Dalrymple
274 Coleman Avenue
Elmira, New York 14903
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(c)
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Present Principal Occupation or Employment and Name, Principal Business, and Address of Organization in which Conducted
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None
(d)Criminal Convictions in Past Five (5) Years
None
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(e)
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Civil Proceedings under Federal and State Securities Laws in Past Five (5) Years
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None
(f)Citizenship
United States
Dalrymple Family Limited Partnership
Name
Dalrymple Family Limited Partnership
State of Organization
New York
Principal Busines Address
2105 South Broadway
Pine City, New York 14871
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(c)
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Criminal Convictions in Past Five (5) Years
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None
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(d)
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Civil Proceedings under Federal and State Securities Laws in Past Five (5) Years
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None
(f) Citizenship
United States
David J. Dalrymple and Joanne F. Dalrymple are the two general partners of Dalrymple Family Limited Partnership. David J. Dalrymple and Joanne F. Dalrymple and their children are the limited partners of said partnership. Pursuant to the terms of the relevant agreement of limited partnership, the general partners share voting and dispositive powers with respect to all assets owned by Dalrymple Family Limited Partnership, decisions to be made by a majority vote with each general partner entitled to cast one vote for each percentage point or fraction thereof of such general partners’ respective partnership percentages as of the date of the vote. The limited partners have no power to vote or direct the voting of or dispose or direct the disposition of any of the assets of Dalrymple Family Limited Partnership.”
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is hereby amended by adding the following to the end thereof:
Since February 11, 2008, David J. Dalrymple has acquired 8,900 by purchases made in the open market using personal funds, has sold 2,200 shares to Dalrymple Family Limited Partnership, and has acquired 3,618 shares by grant from the Issuer.
Since February 11, 2008, Robert H. Dalrymple has acquired 4,300 by purchase from the Mary Dalrymple Trust of which he is a trustee and beneficiary using personal funds in a number
of trades and has acquired 2,883 shares by grant from the Issuer. During the same period, Robert H. Dalrymple’s wife, Elizabeth T. Dalrymple, acquired 1,798 shares. Robert H. Dalrymple disclaims beneficial ownership of all shares held by his wife.
Joanne F. Dalrymple has not acquired any shares since February 11, 2008.
On August 25, 2009, Dalrymple Family Limited Partnership purchased 2,200 shares from David J. Dalrymple using its working capital.”
Item 4. Purpose of Transaction.
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended by deleting part (a) in its entirety and inserting the following in the place thereof:
“(a)
David J. Dalrymple
The aggregate number of shares that David J. Dalrymple may be deemed to beneficially own is 424,785. This number consists of 10,915 shares held in his own name, 59,416 shares held by Dalrymple Holding Corporation, a New York corporation of which he is a shareholder and executive officer, 307,720 shares held by Dalrymple Family Limited Partnership, 30,230 shares held by Susquehanna Supply Company, a New York corporation of which he is a 23.1% owner, and 16,504 shares held in two trusts under the Will of Mary Ellen Dalrymple of which he is a co-trustee and, in the case of one trust, a beneficiary. David J. Dalrymple disclaims beneficial ownership of all of the shares held by Susquehanna Supply Company and disclaims beneficial ownership of the shares held by Dalrymple Family Limited Partnership except to the extent of his pecuniary interest as a limited partner thereof. The percentage of the issued and outstanding shares that David J. Dalrymple may be deemed to beneficially own is 9.30%.
Robert H. Dalrymple
The aggregate number of shares that Robert H. Dalrymple may be deemed to beneficially own is 359,905. This number consists of 243,867 shares held in his own name, 59,416 shares held by Dalrymple Holding Corporation, a New York corporation of which he is a shareholder and executive officer, 30,230 shares held by Susquehanna Supply Company, a New York corporation of which he is a 23.1% owner, 16,504 shares held in two trusts under the Will of Mary Ellen Dalrymple of which he is a co-trustee and, in the case of one trust, a beneficiary, and 9,888 shares held by his wife, Elizabeth T. Dalrymple. Robert H. Dalrymple disclaims beneficial ownership of all of the shares held by Susquehanna Supply Company and by Elizabeth T. Dalrymple. The percentage of the issued and outstanding shares that Robert H. Dalrymple may be deemed to beneficially own is 7.88%.
Joanne F. Dalrymple
The aggregate number of shares that Joanne F. Dalrymple may be deemed to beneficially own is 307,720, all of which shares are held by Dalrymple Family Limited Partnership. Joanne F. Dalrymple disclaims beneficial ownership of all of the shares held by David J. Dalrymple and disclaims beneficial ownership of the shares held by Dalrymple Family Limited Partnership except to the extent of her pecuniary interest as a limited partner thereof. The percentage of the issued and outstanding shares that David J. Dalrymple may be deemed to beneficially own is 6.73%.
Dalrymple Family Limited Partnership
The aggregate number of shares that Dalrymple Family Limited Partnership may be deemed to beneficially own is 307,720. This number represents the number of shares held by Dalrymple Family Limited Partnership in its own name. The percentage of the issued and outstanding shares that Dalrymple Family Limited Partnership may be deemed to beneficially own is 6.73%.”
Item 5 is further amended by deleting part (b) in its entirety and inserting the following in the place thereof:
“(b)
David J. Dalrymple
David J. Dalrymple has sole power to vote or direct the voting and sole power to dispose or direct the disposition of 10,915 shares. With respect to the remaining shares deemed beneficially owned by David J. Dalrymple, he shares the power to vote and dispose of such shares as follows: (i) with respect to the 16,504 shares held in trusts created under the Will of Mary E. Dalrymple, with his co-trustee, Robert H. Dalrymple; (ii) with respect to the 307,720 shares held by the Dalrymple Family Limited Partnership, with Joanne F. Dalrymple; (iii) with respect to the 59,416 shares held by Dalrymple Holding Corporation, with the other officers and shareholders of said corporation, Robert H. Dalrymple and Edward C. Dalrymple, Jr. (an individual residing at 6217 Bills Road, Mineral, Virginia 23117); and (iv) with respect to the 30,230 shares held by Susquehanna Supply Company, with the other officers and shareholders of Susquehanna Supply Company.
Robert H. Dalrymple
Robert H. Dalrymple has sole power to vote or direct the voting and sole power to dispose or direct the disposition of 243,867 shares. With respect to the remaining shares deemed beneficially owned by Robert H. Dalrymple, he shares the power to vote and dispose of such shares as follows: (i) with respect to the 16,504 shares held in trusts created under the Will of Mary E. Dalrymple, with his co-trustee, David J. Dalrymple; (ii) with respect to the 59,416 shares held by Dalrymple Holding Corporation, with the other officers and shareholders of said corporation, David J. Dalrymple and Edward C. Dalrymple, Jr.; and (iv) with respect to the 30,230 shares held by Susquehanna Supply Company, with the other officers and shareholders of Susquehanna Supply Company. Robert H. Dalrymple does not have the power to vote or direct the voting of or dispose or direct the disposition of the shares owned by Elizabeth T. Dalrymple.
Joanne F. Dalrymple
Joanne F. Dalrymple shares the power to vote and dispose of the 307,720 shares held by the Dalrymple Family Limited Partnership with David J. Dalrymple. Joanne F. Dalrymple does not have the power to vote or direct the voting of or dispose or direct the disposition of the shares owned by her husband.
Dalrymple Family Limited Partnership
Through its two general partners, David J. Dalrymple and Joanne F. Dalrymple, Dalrymple Family Limited Partnership has voting and dispositive power over 307,720 shares.”
Item 5 is further amended by deleting part (c) in its entirety and inserting the following in the place thereof:
“(c)
David J. Dalrymple
On January 9, 2012, David J. Dalrymple acquired 846 shares by grant from the Issuer.
Robert H. Dalrymple
On January 9, 2012, David J. Dalrymple acquired 692 shares by grant from the Issuer.
Joanne F. Dalrymple
Joanne F. Dalrymple has effected no transactions in the Issuer’s common stock during the past sixty (60) days.
Dalrymple Family Limited Partnership
Dalrymple Family Limited Partnership has effected no transactions in the Issuer’s common stock during the past sixty (60) days.”
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Item 6.
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Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
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Item 7. Material to be Filed as Exhibits.
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.
Dated: February 24, 2012
Signature: /s/David J. Dalrymple
David J. Dalrymple
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.
Dated: February 24, 2012
Signature: /s/Robert H. Dalrymple
Robert H. Dalrymple
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.
Dated: February 24, 2012
Signature: /s/Joanne F. Dalrymple
Joanne F. Dalrymple
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.
Dated: February 24, 2012
Signature: /s/David J. Dalrymple
Dalrymple Family Limited Partnership
By: David J. Dalrymple, general partner