Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
United Security Bancshares
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
91146010
(CUSIP Number)
12/31/2019
(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 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. 91146010 SCHEDULE 13G Page 2 of 9
1 Names of Reporting Persons
Bridgewealth Advisory Group, LLC
IRS Identification No. of Above Person (entities only)
83-0769376
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(See instructions) (b) [ ]
3 SEC USE ONLY
4 Citizenship or Place of Organization
California
5 Sole Voting Power
-0-
NUMBER OF 6 Shared Voting Power
SHARES
BENEFICIALLY -0-
OWNED BY EACH
REPORTING 7 Sole Dispositive Power
PERSON WITH
931,689
8 Shared Dispositive Power
-0-
9 Aggregate Amount Beneficially Owned by each Reporting
Person
931,689
10 Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (see instructions) [ ]
11 Percent of Class Represented by Amount in Row 9
5.5%
12 Type of Reporting Person (See Instructions)
IA
CUSIP No. 91146010 SCHEDULE 13G Page 3 of 9
1 Names of Reporting Persons
Kevin C. Hook
IRS Identification No. of Above Person (entities only)
Not Applicable
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(See instructions) (b) [ ]
3 SEC USE ONLY
4 Citizenship or Place of Organization
United States
5 Sole Voting Power
-0-
NUMBER OF 6 Shared Voting Power
SHARES
BENEFICIALLY -0-
OWNED BY EACH
REPORTING 7 Sole Dispositive Power
PERSON WITH
931,689
8 Shared Dispositive Power
-0-
9 Aggregate Amount Beneficially Owned by each Reporting
Person
931,689
10 Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (see instructions) [ ]
11 Percent of Class Represented by Amount in Row 9
5.5%
12 Type of Reporting Person (See Instructions)
IN
CUSIP No. 91146010 SCHEDULE 13G Page 4 of 9
1 Names of Reporting Persons
Joshua A. Carpenter
IRS Identification No. of Above Person (entities only)
Not Applicable
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(See instructions) (b) [ ]
3 SEC USE ONLY
4 Citizenship or Place of Organization
United States
5 Sole Voting Power
-0-
NUMBER OF 6 Shared Voting Power
SHARES
BENEFICIALLY -0-
OWNED BY EACH
REPORTING 7 Sole Dispositive Power
PERSON WITH
931,689
8 Shared Dispositive Power
-0-
9 Aggregate Amount Beneficially Owned by each Reporting
Person
931,689
10 Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (see instructions) [ ]
11 Percent of Class Represented by Amount in Row 9
5.5%
12 Type of Reporting Person (See Instructions)
IN
CUSIP No. 91146010 SCHEDULE 13G Page 5 of 9
1 Names of Reporting Persons
Derek J. Elrod
IRS Identification No. of Above Person (entities only)
Not Applicable
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(See instructions) (b) [ ]
3 SEC USE ONLY
4 Citizenship or Place of Organization
United States
5 Sole Voting Power
-0-
NUMBER OF 6 Shared Voting Power
SHARES
BENEFICIALLY -0-
OWNED BY EACH
REPORTING 7 Sole Dispositive Power
PERSON WITH
931,689
8 Shared Dispositive Power
-0-
9 Aggregate Amount Beneficially Owned by each Reporting
Person
931,689
10 Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (see instructions) [ ]
11 Percent of Class Represented by Amount in Row 9
5.5%
12 Type of Reporting Person (See Instructions)
IN
CUSIP No. 91146010 SCHEDULE 13G Page 6 of 9
Item 1(a). Name of Issuer.
United Security Bancshares
Item 1(b). Address of Issuer's Principal Executive Offices.
2126 Inyo Street, Fresno, California 93721
Item 2(a). Name of Person Filing.
Bridgewealth Advisory Group, LLC
Kevin C. Hook
Joshua A. Carpenter
Derek J. Elrod
Item 2(b). Address of Principal Business Office or, if none,
Residence.
The business address of Bridgewealth Advisory Group, LLC,
Kevin C. Hook, Joshua A. Carpenter, and Derek J. Elrod is 986
West Alluvial Ave., Suite 101, Fresno, CA 93711.
Item 2(c). Citizenship.
Bridgewealth Advisory Group, LLC is a California limited
liability company
Kevin C. Hook is a United States Citizen
Joshua A. Carpenter is a United States Citizen
Derek J. Elrod is a United States Citizen
Item 2(d). Title of Class of Securities.
Common Stock, no par value
Item 2(e). CUSIP Number.
911460103
Item 3. If this statement is filed pursuant to 240.13d-
1(b) or 240.13d-2(b) or (c), check whether the person filing is
a:
(a) [ ] Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c).
CUSIP No. 91146010 SCHEDULE 13G Page 7 of 9
(d) [ ] Investment company registered under section 8 of the
Investment Company act of 1940 (15 U.S.C. 80a-8).
(e) [X] An investment adviser in accordance with 240.13d-
1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in
accordance with 240.13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in
accordance with 240.13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded form the definition of
an investment company under section 3(c)(14) of the Investment
Company act of 1940 (15 U.S.C. 80a-3).
(j) [ ] A non-U.S. institution in accordance with Rule
240.13d-1(b)(1)(ii)(J);
(K) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If
filing as a non-U.S. institution in accordance with Rule
240.13d-1(b)(1)(ii)(J), please specify the type of institution:
______
Item 4. Ownership.
Reference is hereby made to Items 5-9 and 11 of pages two
(2), three(3), four (4), and five (5) of this Schedule 13G,
which Items are incorporated by reference herein.
CUSIP No. 91146010 SCHEDULE 13G Page 8 of 9
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.
Bridgewealth Advisory Group, LLC is deemed to be the
beneficial owner of the number of securities reflected in Item
5-9 and 11 of page two (2) of this Schedule 13G pursuant to
separate arrangements whereby it acts as investment adviser to
certain persons. Each person for whom Bridgewealth Advisory
Group, LLC acts as investment adviser has the right to receive
or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the Common Stock purchased or held
pursuant to such arrangements.
Each of Mssrs. Hook, Carpenter, and Elrod is deemed to be
the beneficial owner of the number of securities reflected in
Item 5-9 and 11 of pages three(3), four (4), and five (5), as
reported, based on their position of managing member of
Bridgewealth Advisory Group, LLC.
Item 7. Identification and Classification of the
Subsidiary which Acquired the Security Being Reported on by the
Parent Holding Company or Control Person.
Not applicable.
Item 8. Identification and Classification of Members of
the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
CUSIP No. 91146010 SCHEDULE 13G Page 9 of 9
Item 10. Certification.
By signing below, the undersigned certify that, to the best
of their1 knowledge and belief, the securities referred to
above on pages two (2), three(3), four (4), and five (5) of
this Schedule 13G 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.
Signature
After reasonable inquiry and to the best of their knowledge
and belief, the undersigned certifies that the information set
forth in this statement is true, complete and correct.
DATED: February 7, 2020
Bridgewealth Advisory Group, LLC
/s/ Kevin C. Hook
________________________
By: Kevin C. Hook
its: Managing Member
Kevin C. Hook
/s/ Kevin C. Hook
________________________
By: Kevin C. Hook
Joshua A. Carpenter
/s/ Joshua A. Carpenter
________________________
By: Joshua A. Carpenter
Derek J. Elrod
/s/ Derek J. Elrod
________________________
By: Derek J. Elrod
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)