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Washington Trust Bancorp, Inc.
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(Name of Issuer)
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Common Stock, $.0625 par value
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(Title of Class of Securities)
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940610 10 8
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(CUSIP Number)
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December 31, 2010
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(Date of Event Which Requires Filing of this Statement)
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CUSIP No. 940610 10 8
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13G
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Page 2 of 7 Pages
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1
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
David W. Wallace
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) □
(b) □
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON
WITH
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5
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SOLE VOTING POWER
905,955
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6
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SHARED VOTING POWER
1,091,417
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7
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SOLE DISPOSITIVE POWER
905,955
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8
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SHARED DISPOSITIVE POWER
1,091,417
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,997,372
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.351%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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CUSIP No. 940610 10 8
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13G
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Page 3 of 7 Pages
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1
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Jean and David W. Wallace Foundation
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) □
(b) □
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON
WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
913,000
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
913,000
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
913,000
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
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||
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.646%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
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CUSIP No. 940610 10 8
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13G
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Page 4 of 7 Pages
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Item 1(a).
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Name of Issuer:
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Washington Trust Bancorp, Inc. (the “Issuer”)
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Item 1(b).
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Address of Issuer’s Principal Executive Offices:
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23 Broad Street, Westerly, RI 02891
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Item 2(a).
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Name of Person Filing:
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This statement is being filed by the following persons with respect to the shares of Common Stock of the Issuer directly owned by:
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(i)
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David W. Wallace;
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(ii)
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Jean and David W. Wallace Foundation
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Item 2(b).
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Address of Principal Business Office or, if None, Residence:
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Address for David W. Wallace:
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680 Steamboat Road, Greenwich, CT 06830
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Address for Jean and David W. Wallace Foundation:
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680 Steamboat Road, Greenwich, CT 06830
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Item 2(c).
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Citizenship:
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David W. Wallace – United States
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Jean and David W. Wallace Foundation – Delaware
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Item 2(d).
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Title of Class of Securities:
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Common Stock, $.0625 par value
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Item 2(e).
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CUSIP Number:
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940610 10 8
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CUSIP No. 940610 10 8
|
13G
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Page 5 of 7 Pages
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(a)
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Amount beneficially owned:
|
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1,997,372 Shares of Common Stock
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(b)
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Percent of class:
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12.351%
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(c)
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Number of shares as to which such person has:
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(i)
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Sole power to vote or to direct the vote
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905,9551
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(ii)
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Shared power to vote or to direct the vote
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1,091,4172
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(iii)
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Sole power to dispose or to direct the disposition
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905,9553
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(iv)
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Shared power to dispose or to direct the disposition
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1,091,4174
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(a)
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Amount beneficially owned:
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913,000 Shares of Common Stock
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(b)
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Percent of class:
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5.646%
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(c)
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Number of shares as to which such person has:
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(i)
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Sole power to vote or to direct the vote
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0
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(ii)
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Shared power to vote or to direct the vote
|
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913,000
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(iii)
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Sole power to dispose or to direct the disposition
|
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0
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(iv)
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Shared power to dispose or to direct the disposition
|
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913,000
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CUSIP No. 940610 10 8
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13G
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Page 6 of 7 Pages
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Item 5.
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Ownership of Five Percent or Less of a Class.
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If this statement is being filed to report the fact that as of the date hereof a 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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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person.
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N/A
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
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N/A
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Item 8.
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Identification and Classification of Members of the Group.
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N/A
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Item 9.
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Notice of Dissolution of Group.
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N/A
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Item 10.
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Certifications.
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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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CUSIP No. 940610 10 8
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13G
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Page 7 of 7 Pages
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February 14, 2011
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| /s/ David W. Wallace | ||
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David W. Wallace
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February 14, 2011
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JEAN AND DAVID W. WALLACE FOUNDATION
|
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| /s/ David W. Wallace | ||
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Name: David W. Wallace
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Title: Trustee
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Exhibit 1.
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Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.
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February 14, 2011
|
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| /s/ David W. Wallace | ||
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David W. Wallace
|
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JEAN AND DAVID W. WALLACE FOUNDATION
|
||
| /s/ David W. Wallace | ||
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Name: David W. Wallace
|
||
|
Title: Trustee
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