UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

The First of Long Island Corporation

(Name of Issuer)

Common Stock, par value $0.10 per share

(Title of Class of Securities)

320734106

(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)

 

*	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 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).

 

 

 

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13G

 

CUSIP No. 320734106		Page 2 of 7 Pages

 

1		Name of reporting person I.R.S. IDENTIFICATION NO. OF ABOVE PERSON   Basswood Capital Management, L.L.C.
2		Check the appropriate box if a member of a group* (a)  ¨        (b)  x
3		SEC use only
4		Citizenship or place of organization       Delaware
Number of shares beneficially owned by each reporting person with				5		Sole voting power       0
				6		Shared voting power       866,695
				7		Sole dispositive power       0
				8		Shared dispositive power       866,695
9		Aggregate amount beneficially owned by each reporting person       866,695
10		Check box if the aggregate amount in Row (9) excludes certain shares    ¨
11		Percent of class represented by amount in Row (9)       6.25%
12		Type of reporting person*       IA

 

 

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13G

 

CUSIP No. 320734106		Page 3 of 7 Pages

 

1		Name of reporting person I.R.S. IDENTIFICATION NO. OF ABOVE PERSON   Matthew Lindenbaum
2		Check the appropriate box if a member of a group* (a)  ¨        (b)  x
3		SEC use only
4		Citizenship or place of organization       United States
Number of shares beneficially owned by each reporting person with				5		Sole voting power       0
				6		Shared voting power       866,695
				7		Sole dispositive power       0
				8		Shared dispositive power       866,695
9		Aggregate amount beneficially owned by each reporting person       866,695
10		Check box if the aggregate amount in Row (9) excludes certain shares    ¨
11		Percent of class represented by amount in Row (9)       6.25%
12		Type of reporting person*       IN/HC

 

 

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13G

 

CUSIP No. 320734106		Page 4 of 7 Pages

 

1		Name of reporting person I.R.S. IDENTIFICATION NO. OF ABOVE PERSON   Bennett Lindenbaum
2		Check the appropriate box if a member of a group* (a)  ¨        (b)  x
3		SEC use only
4		Citizenship or place of organization       United States
Number of shares beneficially owned by each reporting person with				5		Sole voting power       0
				6		Shared voting power       866,695
				7		Sole dispositive power       0
				8		Shared dispositive power       866,695
9		Aggregate amount beneficially owned by each reporting person       866,695
10		Check box if the aggregate amount in Row (9) excludes certain shares    ¨
11		Percent of class represented by amount in Row (9)       6.25%
12		Type of reporting person*       IN/HC

 

 

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Item 1(a)

Name of Issuer:

The First of Long Island Corporation

 

Item 1(b)

Address of Issuer’s Principal Executive Offices:

10 Glen Head Road

Glen Head, NY 11545

 

Item 2(a)

Name of Person Filing:

See Cover Pages, Item 1.

 

Item 2(b)

Address or Principal Business Office:

c/o Basswood Capital Management, L.L.C.

645 Madison Avenue, 10^th Floor

New York, NY 10022

 

Item 2(c)

Citizenship:

See Cover Pages, Item 4.

 

Item 2(d)

Title of Class of Securities:

Common Stock, par value $0.10 per share

 

Item 2(e)

CUSIP Number:

320734106

 

Item 3

Not Applicable

 

Item 4

Ownership:

The information required by Items 4(a)-(c) is set forth in Rows 5-11 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.

 

Item 5

Ownership of Five Percent or Less of a Class:

Not Applicable

 

Item 6

Ownership of More than Five Percent on Behalf of Another Person:

Not Applicable

 

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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:

Not Applicable

 

Item 9

Notice of Dissolution of Group:

Not Applicable

 

Item 10

Certification:

By signing below the signatory certifies that, to the best of his 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.

[Remainder of page intentionally left blank]

 

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SIGNATURE

After reasonable inquiry and to the best of the knowledge and belief of the undersigned, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: February 13, 2015

 

 

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