UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G/A
Under
the Securities Exchange Act of 1934
HARLEYSVILLE
SAVINGS FINANCIAL CORPORATION
(Name of
Issuer)
Common
Stock, Par Value $.01 Per Share
(Title of
Class of Securities)
412865 10
7
(CUSIP
Number)
December
31, 2009
(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 the
disclosures provided in a prior cover page.
The
information required in the remainder of this cover page shall not be deemed to
be Afiled@
for the purpose of Section 18 of the Securities Exchange Act of 1934 (AAct@)
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).
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CUSIP NO. 412865 10
7 |
13G/A |
Page 2 of 6
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1.
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NAME
OF REPORTING PERSON
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON
Harleysville
Savings Association Employees Stock Ownership Pension Plan
Trust
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2.
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A
GROUP
(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
Pennsylvania
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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
211,419
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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
211,419
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9.
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
211,419
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10.
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [
]
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11.
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.8%
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12.
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TYPE
OF REPORTING PERSON
EP
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CUSIP NO. 412865 10
7 |
13G/A |
Page 3 of 6
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Item
1(a).
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Name
of Issuer:
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Harleysville
Savings Financial Corporation
Item
1(b).
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Address
of Issuer's Principal Executive
Offices:
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271 Main
Street
Harleysville,
Pennsylvania 19438
Item
2(a).
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Name
of Person Filing:
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Harleysville
Savings Association Employees Stock Ownership Pension Plan Trust
Item
2(b).
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Address
of Principal Business Office or, if None,
Residence:
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Harleysville
Savings Financial Corporation
271 Main
Street
Harleysville,
Pennsylvania 19438
Pennsylvania
Item
2(d).
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Title
of Class of Securities:
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Common
Stock, par value $.01 per share
412865 10
7
Item
3.
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If
This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c),
Check Whether the Person Filing is:
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(f) [X]
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An
employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F).
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CUSIP NO. 412865 10
7 |
13G/A |
Page 4 of 6
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(a)
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Amount
beneficially owned:
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211,419 shares of Common Stock
(b)
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Percent
of class: 5.8% (based on 3,645,288 shares of Common
Stock issued and outstanding as of December 31,
2009)
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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
0_________________________________________________
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(ii)
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Shared power to vote or to direct the
vote
211,419__________________________________________
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(iii)
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Sole power to dispose or to direct the disposition
of 0____________________________________
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(iv)
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Shared power to dispose or to direct the
disposition of 211,419________________________________
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The
reporting person is an employee benefit plan subject to the provisions of the
Employee Retirement Income Security Act of 1974, as amended, with individual
accounts for the benefit of participating employees and their
beneficiaries. The reporting person’s assets are held in trust by
trustees, currently Sanford L. Alderfer, Mark R. Cummins and George W. Meschter
(the “Plan Trustees”). The number of shares listed as beneficially
owned represents the number of shares of Common Stock held by the Plan Trustees
as of December 31, 2009. As of December 31, 2009, all 211,419 shares
of Common Stock were allocated to individual accounts established for
participating employees and their beneficiaries and no shares of Common Stock
were held, unallocated, for allocation in future years. In general,
participating employees and their beneficiaries have the power and authority to
direct the voting of shares of Common Stock allocated to their individual
accounts through the Plan Trustees (who have shared voting and dispositive power
over the allocated shares), subject to the fiduciary duties of the Plan Trustees
and applicable law. Any unallocated shares of Common Stock are
generally voted by the Plan Trustees in their discretion, subject to the
fiduciary duties of the Plan Trustees and applicable law.
Item
5.
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Ownership
of Five Percent or Less of a Class.
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Not
applicable since the reporting entity owns more than 5% of the
class.
Item
6.
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Ownership
of More than Five Percent on Behalf of Another Person.
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Dividends
on Common Stock allocated to the accounts of participating employees and their
beneficiaries, to the extent paid in the form of additional securities, are
added to their respective individual accounts. Dividends on Common
Stock allocated to the accounts of participating employees and their
beneficiaries, to the extent paid in cash, are, at the direction of the Plan
Administrator, either (i) credited to the respective individual accounts, or
(ii) used to pay principal and interest on outstanding indebtedness incurred by
the reporting person to acquire Common Stock.
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CUSIP NO. 412865 10
7 |
13G/A |
Page 5 of 6
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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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Not
applicable.
Item
8.
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Identification
and Classification of Members of the
Group.
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Not
applicable since the reporting entity is not a member of a group.
Item
9.
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Notice
of Dissolution of Group.
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Not
applicable since the reporting entity is not a member of a group.
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.
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CUSIP NO. 412865 10
7 |
13G/A |
Page 6 of 6
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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.
This
report is not an admission that the Plan Trustees are the beneficial owners of
any securities covered by this report, and the Plan Trustees expressly disclaim
beneficial ownership of all shares reported herein pursuant to Rule
13d-4.
Harleysville
Savings Association Employees
Stock
Ownership Pension Plan Trust
January
29, 2010
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By:
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/s/Sanford
L. Alderfer
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Sanford
L. Alderfer, Trustee
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January
29, 2010
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By:
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/s/Mark
R. Cummins
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Mark
R. Cummins, Trustee
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January
29, 2010
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By:
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/s/George
W. Meschter
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George
W. Meschter, Trustee
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