| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Dime Community Bancshares, Inc. /NY/ [ DCOM ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 05/19/2022 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock, par value $0.01 per share ("Common Stock") | 05/19/2022 | S | 8,838 | D | $28.93 | 2,116,892 | I | See footnotes(1)(2) | ||
| Common Stock | 05/19/2022 | S | 564 | D | $28.93 | 150,399 | I | See footnotes(1)(3) | ||
| Common Stock | 05/19/2022 | S | 377 | D | $28.93 | 69,168 | I | See footnotes(1)(4) | ||
| Common Stock | 05/19/2022 | S | 221 | D | $28.93 | 438,140 | I | See footnotes(1)(5) | ||
| Common Stock | 6,394 | I | See footnotes(1)(6) | |||||||
| Common Stock | 18,660 | I | See footnotes(1)(7) | |||||||
| Common Stock | 138,282 | D(1)(8) | ||||||||
| Common Stock | 167,970.82 | D(1)(9) | ||||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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| Explanation of Responses: |
| 1. See Exhibit 99.1 |
| 2. See Exhibit 99.1 |
| 3. See Exhibit 99.1 |
| 4. See Exhibit 99.1 |
| 5. See Exhibit 99.1 |
| 6. See Exhibit 99.1 |
| 7. See Exhibit 99.1 |
| 8. See Exhibit 99.1 |
| 9. See Exhibit 99.1 |
| Remarks: |
| Exhibit List: ------------ Exhibit 99.1 - Explanation of Responses Exhibit 99.2 - Joint Filer Information Exhibit 99.3 - Joint Filers' Signatures |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C., /s/ Matthew Lindenbaum | 05/23/2022 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||
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Designated Filer:
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Basswood Capital Management, L.L.C.
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Issuer & Ticker Symbol:
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Dime Community Bancshares, Inc. [DCOM]
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Date of Event Requiring Statement:
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May 19, 2022
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Explanation of Responses:
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1.
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This Form 4 is filed on behalf of Matthew Lindenbaum, Bennett Lindenbaum, Basswood Capital Management,
L.L.C. (“BCM”), Basswood Partners, L.L.C. (“Partners”), Basswood Opportunity Partners, LP (“BOP”), Basswood Financial Fund, LP (“BFF”) and Basswood Financial Long Only Fund, LP (“BFLOF”) (collectively, the “Reporting Persons”). BCM is the
investment manager or adviser to BOP, BFF, BFLOF, Basswood Opportunity Fund, Inc. (“BOF”) and Basswood Co-Investment Fund (SPC), Ltd., For and on Behalf of Segregated Portfolio C-1 (“BCF”), (collectively, the “Funds”) and certain separate
managed accounts managed by BCM (the “Managed Accounts”) and may be deemed to have a pecuniary interest in the Common Stock directly held by the Funds and held in the Managed Accounts. Partners is the general partner of BFF, BOP and BFLOF,
and may be deemed to have a pecuniary interest in the Common Stock held directly by BFF, BOP and BFLOF. Matthew Lindenbaum and Bennett Lindenbaum are the managing members of BCM and may be deemed to have a pecuniary interest in the Common
Stock directly held by the Funds and held in the Managed Accounts, and also directly hold shares of Common Stock. In accordance with Instruction 4(b)(iv), the entire amount of Common Stock held by the Funds or Managed Accounts are reported
herein. Each Reporting Person disclaims beneficial ownership of all shares of Common Stock that are beneficially owned by the Funds or Managed Accounts, except to the extent of any direct or indirect pecuniary interest therein. BCM and
Partners also disclaim beneficial ownership of the shares held directly by Matthew Lindenbaum and Bennett Lindenbaum. Matthew Lindenbaum and Bennett Lindenbaum each disclaim beneficial ownership of the shares held directly by the other. The
inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of any securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or
otherwise.
Matthew Lindenbaum, a managing member of BCM, serves on the board of directors of the Issuer as a
representative of the Reporting Persons. As a result, each of the Reporting Persons is a “director-by-deputization” solely for purposes of Section 16 of the Exchange Act. By reason of the provisions of Rule 16a-1 of the Exchange Act, each
of the Reporting Persons may be deemed to be a beneficial owner of the shares of Common Stock issued to Matthew Lindenbaum.
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2.
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Common Stock held directly by certain separate Managed Accounts managed by BCM.
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3.
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Common Stock held directly by BFF.
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4.
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Common Stock held directly by BFLOF.
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5.
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Common Stock held directly by BOP.
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6.
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Common Stock held directly by BOF.
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7.
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Common Stock held directly by BCF.
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8.
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Common Stock held directly by Bennett Lindenbaum.
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9.
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Common Stock held directly by Matthew Lindenbaum, which includes 6,955.824747 shares
of Common Stock underlying restricted stock unit awards.
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Designated Filer:
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Basswood Capital Management, L.L.C.
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Issuer & Ticker Symbol:
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Dime Community Bancshares, Inc. [DCOM]
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Date of Event Requiring Statement:
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May 19, 2022
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Exhibit 99.2 - Joint Filer Information
Joint Filers:
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1. Name:
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Matthew Lindenbaum
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Address: c/o Basswood Capital Management, LLC
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645 Madison Avenue, 10th Floor
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New York, NY 10022
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2. Name:
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Bennett Lindenbaum
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Address: c/o Basswood Capital Management, LLC
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645 Madison Avenue, 10th Floor
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New York, NY 10022
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3. Name:
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Basswood Capital Management, L.L.C.
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Address: c/o Basswood Capital Management, LLC
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645 Madison Avenue, 10th Floor
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New York, NY 10022
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4. Name:
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Basswood Partners, L.L.C.
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Address: c/o Basswood Capital Management, LLC
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645 Madison Avenue, 10th Floor
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New York, NY 10022
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5. Name:
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Basswood Opportunity Partners, LP
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Address: c/o Basswood Capital Management, LLC
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645 Madison Avenue, 10th Floor
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New York, NY 10022
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6. Name:
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Basswood Financial Fund, LP
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Address: c/o Basswood Capital Management, LLC
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645 Madison Avenue, 10th Floor
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New York, NY 10022
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7. Name:
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Basswood Financial Long Only Fund, LP
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Address: c/o Basswood Capital Management, LLC
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645 Madison Avenue, 10th Floor
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New York, NY 10022
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Designated Filer:
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Basswood Capital Management, L.L.C.
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Issuer & Ticker Symbol:
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Dime Community Bancshares, Inc. [DCOM]
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Date of Event Requiring Statement:
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May 19, 2022
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Joint Filers’ Signatures
| /s/ Matthew Lindenbaum | ||
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Matthew Lindenbaum
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| /s/ Bennett Lindenbaum | ||
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Bennett Lindenbaum
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Basswood Capital Management, L.L.C.
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By:
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/s/ Matthew Lindenbaum | |
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Name: Matthew Lindenbaum
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Title: Managing Member
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Basswood Partners, L.L.C.
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By:
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/s/ Matthew Lindenbaum
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Name: Matthew Lindenbaum
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Title: Managing Member
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Basswood Opportunity Partners, LP
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By: Basswood Capital Management, L.L.C.
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By:
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/s/ Matthew Lindenbaum
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Name: Matthew Lindenbaum
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Title: Managing Member
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Basswood Financial Fund, LP
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By: Basswood Capital Management, L.L.C.
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By:
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/s/ Matthew Lindenbaum
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Name: Matthew Lindenbaum
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Title: Managing Member
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Basswood Financial Long Only Fund, LP
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By: Basswood Capital Management, L.L.C.
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By:
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/s/ Matthew Lindenbaum
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Name: Matthew Lindenbaum
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Title: Managing Member
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