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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
PATRIOT NATIONAL BANCORP, INC.
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(Name of Issuer)
Common Stock, $2.00 par value per share
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(Title of Class of Securities)
70336F104
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(CUSIP Number)
April 5, 2007
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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 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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CUSIP No. 70336F104 SCHEDULE 13G/A Page 2 of 9 Pages
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1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
HARVEY SANDLER REVOCABLE TRUST
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2 Check the Appropriate Box If a Member of a Group (See Instructions)
a. [_]
b. [_]
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3 SEC Use Only
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4 Citizenship or Place of Organization
FLORIDA
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5 Sole Voting Power
Number of 473,922
Shares -------------------------------------------------------------
Benefically 6 Shared Voting Power
Owned By
Each -0-
Reporting -------------------------------------------------------------
Person 7 Sole Dispositive Power
With
473,922
-------------------------------------------------------------
8 Shared Dispositive Power
-0-
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
473,922 shares of Common Stock
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
[_]
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11 Percent of Class Represented By Amount in Row (9)
10.0%
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12 Type of Reporting Person (See Instructions)
OO
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CUSIP No. 70336F104 SCHEDULE 13G/A Page 3 of 9 Pages
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1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
THE HARVEY AND PHYLLIS SANDLER FOUNDATION INC.
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2 Check the Appropriate Box If a Member of a Group (See Instructions)
a. [_]
b. [_]
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3 SEC Use Only
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4 Citizenship or Place of Organization
FLORIDA
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5 Sole Voting Power
Number of 36,554
Shares -------------------------------------------------------------
Benefically 6 Shared Voting Power
Owned By
Each -0-
Reporting -------------------------------------------------------------
Person 7 Sole Dispositive Power
With
36,554
-------------------------------------------------------------
8 Shared Dispositive Power
-0-
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
36,554 shares of Common Stock
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
[_]
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11 Percent of Class Represented By Amount in Row (9)
0.8%
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12 Type of Reporting Person (See Instructions)
CO
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CUSIP No. 70336F104 SCHEDULE 13G/A Page 4 of 9 Pages
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1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
HARVEY SANDLER
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2 Check the Appropriate Box If a Member of a Group (See Instructions)
a. [_]
b. [_]
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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5 Sole Voting Power
Number of 510,476
Shares -------------------------------------------------------------
Benefically 6 Shared Voting Power
Owned By
Each -0-
Reporting -------------------------------------------------------------
Person 7 Sole Dispositive Power
With
510,476
-------------------------------------------------------------
8 Shared Dispositive Power
-0-
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
510,476 shares of Common Stock
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
[_]
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11 Percent of Class Represented By Amount in Row (9)
10.8%
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12 Type of Reporting Person (See Instructions)
IN
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CUSIP No. 70336F104 SCHEDULE 13G/A Page 5 of 9 Pages
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Item 2
1. (a) Name of Person Filing:
Harvey Sandler Revocable Trust
(b) Address of Principal Business Office or, if None, Residence:
c/o Sandler Enterprises, Inc., 21170 N.E. 22nd Court North,
Miami Beach, Florida 33180
(c) Citizenship:
Harvey Sandler Revocable Trust is a trust organized under the laws
of the State of Florida.
(d) Title of Class of Securities:
Common Stock, par value $2.00 per share
(e) CUSIP Number:
70336F104
2. (a) Name of Person Filing:
The Harvey and Phyllis Sandler Foundation, Inc.
(b) Address of Principal Business Office or, if None, Residence:
c/o Sandler Enterprises, Inc., 21170 N.E. 22nd Court North,
Miami Beach, Florida 33180
(c) Citizenship:
The Harvey and Phyllis Sandler Foundation, Inc. is a corporation
organized under the laws of the State of Florida.
(d) Title of Class of Securities:
Common Stock, par value $2.00 per share
(e) CUSIP Number:
70336F104
3. (a) Name of Person Filing:
Harvey Sandler
(b) Address of Principal Business Office or, if None, Residence:
21170 N.E. 22nd Court North,
Miami Beach, Florida 33180
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CUSIP No. 70336F104 SCHEDULE 13G/A Page 6 of 9 Pages
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(c) Citizenship:
Harvey Sandler is a United States citizen.
(d) Title of Class of Securities:
Common Stock, par value $2.00 per share
(e) CUSIP Number:
70336F104
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.
1. Harvey Sandler Revocable Trust
(a) Amount beneficially owned: 473,922 shares of Common
Stock, $2.00 par value, of Patriot National Bancorp,
Inc.
(b) Percent of class: 10.0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
473,922 shares
(ii) Shared power to vote or to direct the vote: 0
shares
(iii) Sole power to dispose or to direct the
disposition of: 473,922 shares
(iv) Shared power to dispose or to direct the
disposition of: 0 shares
2. The Harvey and Phyllis Sandler Foundation, Inc.
(a) Amount beneficially owned: 36,554 shares of Common
Stock, $2.00 par value, of Patriot National Bancorp,
Inc.
(b) Percent of class: 0.8%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
36,554 shares
(ii) Shared power to vote or to direct the vote: 0
shares
(iii) Sole power to dispose or to direct the
disposition of: 36,554 shares
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CUSIP No. 70336F104 SCHEDULE 13G/A Page 7 of 9 Pages
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(iv) Shared power to dispose or to direct the
disposition of: 0 shares
3. Harvey Sandler
(a) Amount beneficially owned: 510,476 shares of Common
Stock, $2.00 par value, of Patriot National Bancorp,
Inc.
(b) Percent of class: 10.8%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
510,476 shares(1)
(ii) Shared power to vote or to direct the vote: 0
shares
(iii) Sole power to dispose or to direct the
disposition of: 510,476 shares(1)
(iv) Shared power to dispose or to direct the
disposition of: 0 shares
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(1) Harvey Sandler is the sole trustee of the Harvey Sandler Revocable Trust
and is the President of The Harvey and Phyllis Sandler Foundation Inc. As a
result, Mr. Sandler may be deemed to beneficially own the shares held by the
Harvey Sandler Revocable Trust and The Harvey and Phyllis Sandler Foundation
and each of the reporting persons may be deemed to be a member of a group
within the meaning of Rule 13d-5(b)(1). The reporting persons do not admit to
being members of a group and Mr. Sandler disclaims beneficial ownership of the
securities held by the Harvey Sandler Revocable Trust and The Harvey and
Phyllis Sandler Foundation Inc.
Item 8. Identification and Classification of Members of the Group:
See Exhibit A for Joint Filing Agreement.
Item 10. Certification:
By signing below the undersigned certifies that, to the best of
such person's 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 such securities and were not acquired
and are not held in connection with or as a participant in any transaction
having such purpose or effect.
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CUSIP No. 70336F104 SCHEDULE 13G/A Page 8 of 9 Pages
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Date: May 2, 2007 HARVEY SANDLER REVOCABLE TRUST
By: /S/ HARVEY SANDLER
Name: Harvey Sandler
Title: Sole Trustee
Date: May 2, 2007 By: /s/ Harvey Sandler
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HARVEY SANDLER
Date: May 2, 2007 THE HARVEY AND PHYLLIS SANDLER
FOUNDATION INC.
By: /s/ Harvey Sandler
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Name: Harvey Sandler
Title: President
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CUSIP No. 70336F104 SCHEDULE 13G/A Page 9 of 9 Pages
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Exhibit A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as
amended, the undersigned hereby agree to the joint filing on behalf of each of
them of a statement on Schedule 13G (including amendments thereto) with respect
to the Common Stock of PATRIOT NATIONAL BANCORP, INC. and that this Agreement
be included as an Exhibit to such statement.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement effective as
of the dates set forth next to the undersigned's name.
Date: May 2, 2007 HARVEY SANDLER REVOCABLE TRUST
By: /S/ HARVEY SANDLER
Name: Harvey Sandler
Title: Sole Trustee
Date: May 2, 2007 By: /s/ Harvey Sandler
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HARVEY SANDLER
Date: May 2, 2007 THE HARVEY AND PHYLLIS SANDLER
FOUNDATION INC.
By: /s/ Harvey Sandler
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Name: Harvey Sandler
Title: President