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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
SCHEDULE 13D
(AMENDMENT NO.__ )
UNDER THE SECURITIES EXCHANGE ACT OF 1934
HARBOR BANKSHARES CORPORATION
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
411465107
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(CUSIP Number)
Noel M. Gruber, Esquire
James I. Lundy, III, Esquire
Kennedy, Baris & Lundy, LLP
Suite P-15, 4701 Sangamore Road, Bethesda, MD 20816
301.229.3400
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
JUNE 1996
(Date of Event which Requires Filing of this Statement)
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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 |_|.
Note. Six copies of this statement, including all exhibits, should be
filed with the Commission. See, Rule 13d-1 (a) for other parties to whom copies
are to be sent.
CUSIP NO. 411465107
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
John Paterakis
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS: PF, AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e). Not applicable
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6. CITIZENSHIP OR PLACE OF ORGANIZATION: United States
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-------------------------- -----------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER 58,789
SHARES ------- ------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY ------- ------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER 58,789
REPORTING ------- ------------------------------------------
PERSON WITH: 10. SHARED DISPOSITIVE POWER 0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 58,789
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12. CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13. PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11) 8.3%
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14. TYPE OF REPORTING PERSON* IN
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CUSIP NO. 411465107
ITEM 1. SECURITY AND ISSUER.
This report relates to the common stock $.01 par value, of Harbor
Bankshares Corporation (the "Company"), a Maryland corporation, the principal
office of which is located at 25 West Fayette Street, Baltimore, Maryland 21201.
ITEM 2. IDENTITY AND BACKGROUND.
John Paterakis.
Mr. Paterakis' principal occupation is President and Chief Executive
Officer of H & S Bakery, Inc. and Northeast Foods, Inc. The business address of
H & S Bakery, Inc. and Northeast Foods, Inc. is 601 S. Carolina
Street, Baltimore, Maryland, 21202
The reporting person has not been convicted in a criminal proceeding
(excluding traffic violations and similar misdemeanors) during the last five
years.
The reporting person has not been, during the last five years, a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which such person was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, Federal or State securities laws or finding any
violation with respect to such laws.
Mr. Paterakis is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
All shares were purchased for cash, using Mr. Paterakis' personal
funds, and funds of entities controlled by Mr. Paterakis.
ITEM 4. PURPOSE OF TRANSACTION.
All of the shares of common stock the acquisition of which is disclosed
hereby were acquired for investment purposes. The reporting person will continue
to evaluate market conditions and the business of the issuer to determine
possible future acquisitions or dispositions of common stock of the Company.
Except as indicated above, and except for periodic review of
opportunities for expansion of the Company's business by acquisition or
otherwise, review of the capital needs of the Company, review of the Company's
strategic alternatives and review of possible amendments to the Company's
articles of incorporation and bylaws (some of which might have an anti-takeover
effect), all in his capacity as a Director of the Company, the reporting person
has no present plans or proposals which relate to, or which would result in, any
of the factors set forth in paragraphs (a) through (j) of Item 4.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
All percentages given for ownership of the outstanding common stock are
based upon 704,424 shares of common stock outstanding as of March 31, 2004
(including 33,795 non-voting shares of common stock).
As of the date of this filing, Mr. Paterakis beneficially owns 58,789
shares of common stock, representing 8.3% of the outstanding. These shares
include 16,437 shares held by J&B Associates, Inc., 6,164 shares held by H&S
Bakery, Inc. and 10,273 shares held by Northeast Foods, Inc., companies
controlled by Mr. Paterakis. Mr. Paterakis possesses sole power to vote and
dispose of all of the shares, including the shares owned by companies controlled
by Mr. Paterakis.
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CUSIP NO. 411465107
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
Except as otherwise described herein, there are no agreements,
arrangements, understandings or relationships relating to any securities of the
Company, including the common stock, including with respect to the transfer or
voting thereof.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
[Remainder of page intentionally blank.]
CUSIP NO. 411465107
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, compete and
correct.
/s/ John Paterakis
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John Paterakis
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