UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Shore Bancshares, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
825107105
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(CUSIP Number)
December 31, 2006
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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)
|X| 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 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).
CUSIP No. 825107105 13G Page 2 of 5 Pages
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1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Nicholas F. Brady
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2 Check the Appropriate Box if a Member of a Group
(a) |_|
(b) |_|
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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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Number of 5 Sole Voting Power: 447,065
Shares
Beneficially 6 Shared Voting Power: 31,425
Owned by
Each 7 Sole Dispositive Power: 447,065
Reporting
Person With 8 Shared Dispositive Power: 31,425
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9 Aggregate Amount Beneficially Owned by Each Reporting Person: 478,490
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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): 5.71%
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12 Type of Reporting Person: IN
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Page 3 of 5 Pages
Item 1(a). Name of Issuer.
Shore Bancshares, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices.
18 E. Dover Street
Easton, Maryland 21601
Item 2 (a). Name of Person Filing.
Nicholas F. Brady
Item 2(b). Address of Principal Business Office or if none, Residence.
P.O. Box 1410 Easton, Maryland 21601
Item 2(C). Citizenship or Place of Organization.
United States of America
Item 2(d). Title of Class of Securities.
Common Stock, par value $.01 per share
Item 2(e). CUSIP Number.
825107105
Item 3. Not Applicable.
Page 4 of 5 Pages
Item 4. Ownership.
Provide the following information regarding the aggregate
number and percentage of the class of securities of the issuer
identified in Item 1.
(a) Amount Beneficially Owned: 478,490
(b) Percent of Class: 5.71%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 447,065
(ii) Shared power to vote or to direct the vote: 31,425
(iii) Sole power to dispose or to direct the disposition
of: 447,065
(iv) Shared power to dispose or to direct the
disposition of: 31,425
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 |_|.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
4,387 of the securities listed in Item 4(c)(i) and (iii) are
held in a defined benefit pension plan of which the filer is
the plan administrator, and pension plan participants may have
rights to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, such
securities. 9,300 of the securities listed in Item 4(c)(ii)
and (iv) are owned by a foundation of which the filer and his
spouse are trustees, and the foundation and the filer's spouse
have the right to receive or the power to direct the receipt
of dividends from, or the proceeds from the sale of, such
securities. 9,300 of the securities listed in Item 4(c)(ii)
and (iv) are owned by the filer's spouse, who has the right to
receive or the power to direct the receipt of dividends from,
or the proceeds from the sale of, such securities. 12,825 of
the securities listed in Item 4(c)(ii) and (iv) are owned by
two trusts of which the filer's spouse serves as trustee, and
the trusts, the trustee and/or the beneficiaries may have
rights to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, such
securities.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
Not Applicable.
Page 5 of 5 Pages
Item 8. Identification and Classification of Members of Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certifications.
(a) Not applicable.
(b) By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
not acquired 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.
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
accurate.
Dated: March 16, 2007 /s/ Nicholas F. Brady
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Nicholas F. Brady