Malcolm G. Chace Schedule 13G
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
Bancorp Rhode Island, Inc.
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
059690 10 7
(CUSIP Number)
December 31, 2004
(Date Of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[x] Rule 13d-1(d)
*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 the
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).
(A fee is not being paid with this statement.)
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities
Only)
Malcolm G. Chace
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
Not Applicable
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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----------------------------------- --------- ---------------------------------------------------
Number of 5 Sole Voting Power
Shares 77,902
Beneficially
Owned by 6 Shared Voting Power
Each 475,706
Reporting
Person With 7 Sole Dispositive Power
77,902
8 Shared Dispositive Power
475,706
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
553,608
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
13.8% (based on 4,010,929 shares outstanding).
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12 Type of Reporting Person (See Instructions)
IN
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Item 1.
Item 1(a). Name of Issuer.
Bancorp Rhode Island, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices.
One Turks Head Place
Providence, RI 02903
Item 2.
2(a). Name of Person Filing.
Malcolm G. Chace
2(b). Address or Principal Business Office or, if none, Residence.
c/o Point Gammon Corporation
One Providence Washington Plaza, 4th Floor
Providence, Rhode Island 02903
2(c). Citizenship.
United States
2(d). Title of Class of Securities.
Common Stock, par value $0.01 per share
2(e). CUSIP Number.
059690 10 7
Item 3.
Not Applicable
Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
a. Amount Beneficially Owned.
As of December 31, 2004, the reporting person beneficially owned: 553,608
shares of Common Stock, (i) 77,902 shares of which are held in a Grantor
Trust over which Mr. Chace has sole voting power and sole power to direct
the disposition, (ii) 59,673 shares of which are held in trusts for which
Mr. Chace acts as co-trustee and over which Mr. Chace shares voting power
and the power to direct the disposition, (iii) 411,533 shares of which are
held in trusts for which an immediate family member of Mr. Chace acts as a
trustee and over which Mr. Chace is deemed to share voting power and the
power to direct the disposition, and (iv) 4,500 shares of which are owned
by Mr. Chace's spouse. Mr. Chace expressly disclaims any economic or
beneficial interest in 9,225 of the shares held by certain trusts
referenced in clause (ii).
b. Percent of class. 13.8% (based upon 4,010,929 shares outstanding).
c. Number of shares as to which such person has:
i. sole power to vote or to direct the vote ........................77,902
ii. shared power to vote or to direct the vote......................475,706
iii. sole power to dispose or to direct the disposition of ...........77,902
iv. shared power to dispose or to direct the disposition of.........475,706
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being
Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certifications.
Not Applicable
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 9, 2005
/s/ Malcolm G. Chace
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Name/Title Malcolm G. Chace