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1
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NAME OF REPORTING PERSONS
Donald A. Yacktman
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) ¨
(b) S
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5
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SOLE VOTING POWER
1,832,811
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|
6
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SHARED VOTING POWER
898,931 (1)
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|
7
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SOLE DISPOSITIVE POWER
1,832,811
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||||
|
8
|
SHARED DISPOSITIVE POWER
271,687 (1)
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|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,104,498
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10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
Not Applicable
|
o
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11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0% (2)
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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(1)
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Represents shares beneficially owned by Yacktman Asset Management Co. Donald A. Yacktman holds 100% of the outstanding voting securities of Yacktman Asset Management Co.
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(2)
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Based upon an aggregate of 26,181,281 shares outstanding as of November 1, 2010.
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1
|
NAME OF REPORTING PERSONS
The Yacktman Funds, Inc.
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
(a) ¨
(b) S
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3
|
SEC USE ONLY
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|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5
|
SOLE VOTING POWER
933,880
|
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|
6
|
SHARED VOTING POWER
0
|
||||
|
7
|
SOLE DISPOSITIVE POWER
0
|
||||
|
8
|
SHARED DISPOSITIVE POWER
0
|
||||
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
933,880
|
||||
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
Not Applicable
|
o
|
|||
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.6% (1)
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12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IV
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(1)
|
Based upon an aggregate of 26,181,281 shares outstanding as of November 1, 2010.
|
|
1
|
NAME OF REPORTING PERSONS
Yacktman Asset Management Co.
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|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
(a) ¨
(b) S
|
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|
3
|
SEC USE ONLY
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4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5
|
SOLE VOTING POWER
898,931
|
|||
|
6
|
SHARED VOTING POWER
0
|
||||
|
7
|
SOLE DISPOSITIVE POWER
271,687
|
||||
|
8
|
SHARED DISPOSITIVE POWER
0
|
||||
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,170,618
|
||||
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
Not Applicable
|
o
|
|||
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.5% (1)
|
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|
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
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(1)
|
Based upon an aggregate of 26,181,281 shares outstanding as of November 1, 2010.
|
|
|
The Bancorp, Inc.
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Item 1(b).
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Address of Issuer’s Principal Executive Offices:
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409 Silverside Road, Wilmington, DE 19809
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Item 2(a).
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Name of Person Filing:
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The persons filing this Schedule 13G are: (i) Donald A. Yacktman (“Mr. Yacktman”); (ii) The Yacktman Funds, Inc. (“The Yacktman Funds”), an investment company registered under the Investment Company Act of 1940; and (iii)Yacktman Asset Management Co. (“Yacktman Asset Management”), an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Mr. Yacktman holds 100% of the outstanding voting securities of Yacktman Asset Management. Attached as Exhibit 1 hereto is an agreement among Mr. Yacktman, The Yacktman Funds and Yacktman Asset Management that this Schedule 13G is filed on behalf of each of them.
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Item 2(b).
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Address of Principal Business Office or, if none, Residence:
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(for each of Mr. Yacktman, The Yacktman Funds and Yacktman Asset Management)
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6300 Bridgepoint Parkway, Bldg. 1, Suite 320
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Austin, TX 78730
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Item 2(c).
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Citizenship:
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Mr. Yacktman is a citizen of the United States.
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The Yacktman Funds is a Maryland corporation.
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Yacktman Asset Management is an Illinios corporation.
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Item 2(d).
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Title of Class of Securities:
|
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Common Stock
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Item 2(e).
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CUSIP Number:
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|
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05969A105
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Item 3.
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If this statement is filed pursuant to sections 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:
|
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T
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
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T
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An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E).
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T
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A parent holding company or control person in accordance with section 240.13d-1(b)(1)(ii)(G) (as to Mr. Yacktman).
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Item 4.
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Ownership:
|
|
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Mr. Yacktman
|
|
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(a)
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Amount Beneficially Owned: 2,104,498
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(b)
|
Percent of Class: 8.0%
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(c)
|
Number of shares as to which such person has:
|
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(i)
|
sole power to vote or to direct the vote: 1,832,811
|
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(ii)
|
shared power to vote or to direct the vote: 898,931
|
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(iii)
|
sole power to dispose or to direct the disposition of: 1,832,811
|
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|
(iv)
|
shared power to dispose or to direct the disposition of: 271,687
|
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Mr. Yacktman’s beneficial ownership consists of (i) 933,880 shares of common stock beneficially owned by The Yacktman Funds; and (ii) 1,170,618 shares of common stock beneficially owned by Yacktman Asset Management.
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The Yacktman Funds
|
|
|
(a)
|
Amount Beneficially Owned: 933,880
|
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|
(b)
|
Percent of Class: 3.6%
|
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|
(c)
|
Number of shares as to which such person has:
|
|
|
(i)
|
sole power to vote or to direct the vote: 933,880
|
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|
(ii)
|
shared power to vote or to direct the vote: 0
|
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|
(iii)
|
sole power to dispose or to direct the disposition of: 0
|
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|
(iv)
|
shared power to dispose or to direct the disposition of: 0
|
|
|
Yacktman Asset Management
|
|
|
(a)
|
Amount Beneficially Owned: 1,170,618
|
|
|
(b)
|
Percent of Class: 4.5%
|
|
|
(c)
|
Number of shares as to which such person has:
|
|
|
(i)
|
sole power to vote or to direct the vote: 898,931
|
|
|
(ii)
|
shared power to vote or to direct the vote: 0
|
|
|
(iii)
|
sole power to dispose or to direct the disposition of: 271,687
|
|
|
(iv)
|
shared power to dispose or to direct the disposition of: 0
|
|
Item 5.
|
Ownership of Five Percent or Less of a Class:
|
|
|
N/A
|
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Item 6.
|
Ownership of More than Five Percent on Behalf of Another Person:
|
|
|
N/A
|
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Item 7.
|
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:
|
|
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Mr. Yacktman holds 100% of the outstanding voting securities of Yacktman Asset Management, whose Item 3 classification is Item 3(e), an investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). Yacktman Asset Management is the investment adviser to The Yacktman Funds.
|
|
Item 8.
|
Identification and Classification of Members of the Group:
|
|
|
N/A
|
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Item 9.
|
Notice of Dissolution of Group:
|
|
|
N/A
|
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Item 10.
|
Certification:
|
|
|
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.
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|
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Exhibits.
|
|
|
1.
|
Agreement to file Schedule 13G jointly (previously filed as Exhibit 1 to the reporting parties’ Schedule 13G filed November 7, 2008).
|