UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Bridge Bancorp, Inc.
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(Name of Issuer)
Common Stock, no Par Value
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(Title of Class of Securities)
10835106
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(CUSIP Number)
Dennis J. Block, Esq.
Cadwalader, Wickersham & Taft
One World Financial Center
New York, NY 10281
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 4, 2008
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box |_|.
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
* 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 on 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).
SCHEDULE 13D
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CUSIP NO. 10835106 PAGE 2 OF 5 PAGES
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1 NAMES OF REPORTING PERSONS
Patrick E. Malloy
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)|_|
(b)|X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
322,923
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 322,923
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
322,923
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.28%
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14 TYPE OF REPORTING PERSON
IN
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Item 1. Security and Issuer
This Schedule 13D relates to the Common Stock, par value $0.01 per share (the
"Common Stock"), of Bridge Bancorp, Inc., a New York corporation (the
"Company"). The address of the principal executive offices of the Company is
2200 Montauk Highway, Bridgehampton, New York 11932.
Item 2. Identity and Background
This statement is being filed by Patrick E. Malloy (the "Reporting Person"). The
business address of the Reporting Person is Bay Street at the Waterfront, Sag
Harbor, NY 11963. The Reporting Person's present principal occupation is
President of Malloy Enterprises, Inc., which specializes in real estate and
other investments. During the past five years, the Reporting Person has not been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors). During the past five years, the Reporting Person has not been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction, as a result of which he was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation
with respect to such laws. The Reporting Person is a citizen of the United
States.
Item 3. Source and Amount of Funds or Other Consideration.
The aggregate purchase price of the 322,923 shares of Common Stock purchased by
Reporting Person was $6,422,990.59. The funds used by the Reporting Person to
purchase the Common Stock of the Company were derived from borrowing through
personal funds.
Item 4. Purpose of the Transaction.
The Reporting Person acquired the Common Stock for investment purposes because
he believes that the Common Stock is undervalued in the market place and
represents an attractive investment opportunity. The Reporting Person has had,
and intends to continue to have, conversations with the Company's Chief
Executive Officer, and may have conversations with other members of management
and the board of directors, regarding the Company, its business, its prospects
and possible strategies to enhance shareholder value, which may include, among
other things, ideas and strategies to improve the Company's financial
performance and to grow and broaden the Company's competitive position. The
Reporting Person also intends to discuss these matters with other shareholders
and market participants. Depending on the Company's response to the Reporting
Persons' suggestions and views regarding the company, the Reporting Person may
consider engaging in a proxy contest to attempt to replace one or more members
of the Company's board of directors with persons nominated by the Reporting
Person.
Except as set forth in the Schedule 13D, the Reporting Person does not have any
present plan or proposal that would relate to or result in any of the matters
set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D. The Reporting
Person intends to review his investment in the Company on a continuing basis.
Depending on various factors including, without limitation, the Company's
financial position and strategic direction, price levels of the Common Stock,
conditions in the securities market and general economic and industry
conditions, the Reporting Person may in the future take such actions with
respect to his investment in the Company as he
deems appropriate including, but not limited to, purchasing additional Common
Stock or selling some or all of his Common Stock in the open market or in
privately negotiated transactions or otherwise.
Item 5. Interest in Securities of the Issuer.
According to the Company's Quarterly Report on Form 10-Q for the quarter ended
September 30, 2007, as of November 1, 2007, the Company had issued and
outstanding 6,110,445 shares of common stock outstanding. The Reporting Person
is the beneficial owner of 322,923 shares of Common Stock or 5.28% of the
outstanding Common Stock.
The Reporting Person has the sole power to vote, or to direct the vote of
322,923 shares of Common Stock and sole power to dispose of, or to direct the
disposition of 322,923 shares of Common Stock.
The following table sets forth all transactions with respect to the Common Stock
effected during the past 60 days by the Reporting Person, inclusive of any
transactions effected through 4:00 p.m., New York City time, on January 4, 2008.
Except as otherwise noted, all such transactions were effected in the open
market.
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Price Per
No. of Shares Share ($) of Transaction
Date of Common Stock Common Stock Type
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12/7/07 406 24.55 Purchase
12/11/07 450 24.55 Purchase
12/12/07 1,644 24.55 Purchase
12/21/07 600 24.2 Purchase
12/26/07 2,300 24.66 Purchase
12/31/07 4,500 24.61 Purchase
12/31/07 3,000 24.33 Purchase
12/31/07 1,990 24.22 Purchase
1/2/08 3,200 24.25 Purchase
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
None.
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.
/s/ Patrick E. Malloy
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Patrick E. Malloy
Date: January 4, 2008