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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G/A
UNDER THE SECURITIES ACT OF 1934
(AMENDMENT NO. 3)(1)
TRI-COUNTY FINANCIAL CORPORATION
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
89546L 10 7
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(CUSIP Number)
DECEMBER 31, 2004
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(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)
Rule 13d-1(d)
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(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 the 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).
Page 1 of 6 pages
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CUSIP NO. 89546L 10 7 13G/A PAGE 2 OF 6 PAGES
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1 NAMES OF REPORTING PERSONS:
Michael L. Middleton
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) /_/
(b) /X/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER 63,784 (not including 36,868
NUMBER OF shares subject to options)
SHARES
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER 26,337 (1)
EACH
REPORTING ---------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER 47,965 (2)
WITH
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8 SHARED DISPOSITIVE POWER 26,337 (1)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
126,989 (includes 36,868 shares subject to options)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
/_/
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.66% (3)
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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(1) Consists of shares held jointly by the reporting person and his spouse.
(2) Does not include 36,868 shares subject to options or 15,819 shares
allocated to the reporting person's account under the Community Bank of
Tri-County Employee Stock Ownership Plan.
(3) Based on 1,154,294 shares outstanding as of December 31, 2004, plus the
number of shares that the reporting person may acquire within 60 days
by exercising stock options.
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CUSIP NO. 89546L 10 7 13G/A PAGE 3 OF 6 PAGES
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1 NAMES OF REPORTING PERSONS:
Sara Middleton
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) /_/
(b) /X/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER 30,195
NUMBER OF
SHARES ------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER 26,337 (1)
OWNED BY
EACH ------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER 30,195
PERSON
WITH ------------------------------------------------------
8 SHARED DISPOSITIVE POWER 26,337 (1)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,532
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
/_/
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.89% (2)
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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(1) Consists of shares held jointly by the reporting person and her spouse.
(2) Based on 1,154,294 shares outstanding as of December 31, 2004.
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PAGE 4 OF 6 PAGES
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
ITEM 1 (a). NAME OF ISSUER: Tri-County Financial Corporation
(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 3035
Leonardtown Road, Waldorf, Maryland 20604
ITEM 2 (a). NAMES OF PERSONS FILING: Michael L. and Sara Middleton
(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
3035 Leonardtown Road, Waldorf, Maryland 20604
(c). CITIZENSHIP: United States of America
(d). TITLE OF CLASS OF SECURITIES: Common Stock, $.01 par value.
(e). CUSIP NUMBER: 89546L 10 7
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b), OR
13D-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
Not applicable. This Statement is being filed pursuant to Rule
13d-1(c).
ITEM 4. OWNERSHIP.
(a) AMOUNT BENEFICIALLY OWNED: See Row 9 of the second part of
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the cover page for each reporting person.
(b) PERCENT OF CLASS: See Row 11 of the second part of the
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cover page for each reporting person.
(c) NUMBER OF SHARES AS TO WHICH THE PERSON HAS: See Rows 5,
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6, 7, and 8 of the second part of the coverpage for each
reporting person.
ITEM 5. OWNERSHIP OF FIVE 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
five percent of the class of securities, check the following: /_/
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PAGE 5 OF 6 PAGES
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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.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
See Exhibit A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATIONS.
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above 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.
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PAGE 6 OF 6 PAGES
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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/ Michael L. Middleton February 11, 2005
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Michael L. Middleton
/s/ Sara Middleton February 11, 2005
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Sara Middleton
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EXHIBIT A
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Members of the group:
Michael L. Middleton
Sara Middleton