ORRSTOWN FINANCIAL SERVICES INC

Major Shareholding Notification • Jan 27, 2015

SC 13G/A 1 v399653_sc13ga.htm SC 13G/A Unassociated Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

(Amendment No. 5)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2(b) 1

ORRSTOWN FINANCIAL SERVICES, INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

687380105

(CUSIP Number)

December 31, 2014

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which

this Schedule is filed:

x Rule 13d-1(b)

¨ Rule 13d-1(c)

¨ Rule 13d-1(d)

1 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 disclosures provided in a prior cover page.

The information required in 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).

CUSIP No. 687380105 SCHEDULE 13G

| 1) | Name
and I.R.S. Identification No. of Reporting Person: Orrstown
Financial Services Tax Id # 23-2530374 |
| --- | --- |
| 2) | Check
the Appropriate Box if a Member of a Group: (A) ¨ (B) ¨ |
| 3) | SEC
Use Only |
| 4) | Citizenship
of Place of Organization Shippensburg, Pennsylvania 17257 |

Number of Shares Beneficially Owned by Each Reporting Person With: 5) Sole Voting Power 32,947 6) Shared Voting Power 297,914 7) Sole Dispositive Power 0 8) Shared Dispositive Power 0

| 9) | Aggregate
Amount Beneficially Owned by Each Reporting Person: 458,645 |
| --- | --- |
| 10) | Check
if the Aggregate Amount in Row (9) Excludes Certain Shares ¨ |
| 11) | Percent
of Class Represented by Amount in Row (9): 5.6% |
| 12) | Type
of Reporting Person: BANK |

| Item 1. | (a) | Name
of Issuer: Orrstown
Financial Services, Inc. |
| --- | --- | --- |
| | (b) | Address: 77
East King Street P.O.
Box 250 Shippensburg,
PA 17257 |
| Item
2. | (a) | Name
of Person Filing: Orrstown
Financial Services, Inc. |
| | (b) | Address: 77
East King Street P.O.
Box 250 Shippensburg,
PA 17257 |
| | (c) | N/A |
| | (d) | Common
stock |
| | (e) | 687380105 |
| Item 3. | Bank | |
| Item 4. | Amount
Beneficially owned: 458,645 shares of common stock | |
| | Percent of class: 5.6% | |
| Item
5. | | N/A |
| Item
6. | | N/A |
| Item
7. | | N/A |
| Item
8. | | N/A |
| Item
9. | | N/A |
| Item 10. | 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. | |

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.

| /s/
Robert Russoli |
| --- |
| Robert Russoli |
| Chief Trust Officer |