SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Bancorp Rhode Island, Inc.
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(Name of Issuer)
Common Stock $0.01 par value per share
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(Title of Class of securities)
059690 10 7
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(CUSIP Number)
September 1, 2000
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(Date Of Event Which Requires Filing of this Statement)
*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).
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Malcolm G. Chace
2 Check the Appropriate Box if a Member of a Group (a)
(See Instructions) (b)
Not Applicable
3 SEC Use Only
4 Citizenship or Place of Organization
United States
Number of 5 Sole Voting Power
Shares 65,750*
Beneficially
Owned by 6 Shared Voting Power
Each 323,583
Reporting
Person With 7 Sole Dispositive Power
65,750*
8 Shared Dispositive Power
323,583
9 Aggregate Amount Beneficially Owned by Each Reporting Person
389,333
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
11 Percent of Class Represented by Amount in Row (9)
10.4%**
12 Type of Reporting Person (See Instructions)
IN
14 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)
* Includes 2,500 shares of Common Stock issuable upon the exercise of currently
exercisable stock options.
** Does not include Non-Voting Common Stock
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 No.:
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:
389,333 shares of Common Stock, (i) 63,250 of which are held
in a Grantor Trust over which Mr. Chace has sole voting power
and sole power to direct the disposition, (ii) 2,500 of which
are purchasable upon the exercise of currently exercisable
options, (iii) 321,583 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, and (iv)
2,000 of which are owned by Mr. Chace's spouse.
b. Percent of class
10.4%**
c. Number of shares as to which such person has:
i. Sole power to vote or to direct the vote .......................65,750*
ii. Shared power to vote or to direct the vote......................323,583
iii. Sole power to dispose or to direct the disposition of ..........65,750*
iv. Shared power to dispose or to direct the disposition of.........323,583
Item 5.
Ownership of 5 Percent or Less of a Class. If this statement is being
filed to report the fact that as of the date hereof the reporting
person has ceased to be the beneficial owner of more than 5 percent of
the class of securities, check the following [ ].
Item 6.
Not Applicable
Item 7.
Not Applicable
Item 8.
Not Applicable
Item 9.
Not Applicable
Item 10.
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 12, 2001
/s/ Malcolm G. Chace
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Name Malcolm G. Chace
* Includes 2,500 shares of Common Stock purchasable upon exercise of currently
exercisable options.
** Does not include Non-Voting Common Stock.