SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_________________________
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2
(Amendment No. 3 )*
Old Line Bancshares, Inc.
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(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
67984M100
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(CUSIP NUMBER)
December 31, 2008
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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
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 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. 67984M100 13G Page 2 of 11 Pages
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NAME OF REPORTING PERSONS: Jeffrey A. Miller
.. I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) |X|
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SEC USE ONLY
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CITIZENSHIP OR PLACE OF ORGANIZATION United States of America
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NUMBER OF
SHARES 5.SOLE VOTING POWER 0
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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SHARED VOTING POWER 0
--------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER 0
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN
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2
CUSIP No. 67984M100 13G Page 3 of 11 Pages
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NAME OF REPORTING PERSONS: Eric D. Jacobs
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) |X|
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SEC USE ONLY
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CITIZENSHIP OR PLACE OF ORGANIZATION United States of America
--------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------------------------
SHARED VOTING POWER 0
--------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER 0
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN
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3
CUSIP No. 67984M100 13G Page 4 of 11 Pages
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NAME OF REPORTING PERSONS: Miller & Jacobs Capital, L.L.C.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 66-0624718
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) 0
(b) |X|
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SEC USE ONLY
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CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Virgin Islands
--------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------------------------
SHARED VOTING POWER 0
--------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER 0
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO
--------------------------------------------------------------------------------
4
CUSIP No. 67984M100 13G Page 5 of 11 Pages
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NAME OF REPORTING PERSONS: Acadia Master Fund I, Ltd.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) |X|
--------------------------------------------------------------------------------
SEC USE ONLY
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CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands
4.
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NUMBER OF SOLE VOTING POWER 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------------------------
SHARED VOTING POWER 0
--------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER 0
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO
--------------------------------------------------------------------------------
5
Item 1(a). Name of Issuer:
Old Line Bancshares, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
1525 Point Ridge Place
Bowie, MD 20716
Item 2(a). Name of Persons Filing:
Jeffrey A. Miller
Eric D. Jacobs
Miller & Jacobs Capital, L.L.C.
Acadia Master Fund I, Ltd.
(collectively, the "Reporting Persons")
Item 2(b). Address of Principal Business Office or, if None, Residence:
The principal business address of Jeffrey A. Miller, Eric D.
Jacobs, and Miller & Jacobs Capital, L.L.C. is:
P.O. Box 26039
Gallows Bay Station
Christiansted, St. Croix, USVI 00824
The principal business address of Acadia Master Fund I, Ltd.
is:
c/o Butterfield Fund Services (Bermuda) Limited
Rosebank Centre
11 Bermudiana Road
Hamilton HM 08
Bermuda
Item 2(c). Citizenship:
Jeffrey A. Miller: United States of America
Eric D. Jacobs: United States of America
Miller & Jacobs Capital, L.L.C. is organized in the
U.S. Virgin Islands
Acadia Master Fund I, Ltd. is organized in the
Cayman Islands
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Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value per share
Item 2(e). CUSIP Number:
67984M100
Item 3. If this statement is filed pursuant to Rule 13d-1(b),
or 13d-2(b) or (c), check whether the person filing is
a: Not Applicable
(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);
(d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940;
(15 U.S.C. 80a-8)
(e) [ ] Investment Adviser in accordance with Sec. 240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with Sec. 240.13d(Y)1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with Sec. 240.13d-1(b)(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 from 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) [ ] Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(J);
(k) [ ] Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(K);
If filing as a non-U.S. institution in accordance with Sec. 240.13d-
1(b)(1)(ii)(J), please specify the type of institution:______
Item 4. Ownership.
A. Jeffrey A. Miller
(a) Amount beneficially owned: 0
(b) Percent of Class: 0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 0
(iii)Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 0
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B. Eric D. Jacobs
(a) Amount beneficially owned: 0
(b) Percent of Class: 0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 0
(iii)Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 0
C. Miller & Jacobs Capital, L.L.C.
(a) Amount beneficially owned: 0
(b) Percent of Class: 0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 0
(iii)Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 0
D. Acadia Master Fund I, Ltd.
(a) Amount beneficially owned: 0
(b) Percent of Class: 0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 0
(iii)Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 0
As calculated in accordance with Rule 13d-3 of the Securities
Exchange Act of 1934, as amended, Jeffrey A. Miller, Eric D. Jacobs, Miller
& Jacobs Capital, L.L.C., and Acadia Master Fund I, Ltd. no longer
beneficially own, directly or indirectly, any shares of the Issuer's Common
Stock.
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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: [X]
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
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 I certify that, to the best of my 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 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.
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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 correct.
Dated: January 22, 2009
/s/ Jeffrey A. Miller
----------------------
Jeffrey A. Miller
/s/ Eric D. Jacobs
-------------------
Eric D. Jacobs
MILLER & JACOBS CAPITAL, L.L.C.
By: /s/ Jeffrey A. Miller
----------------------
Name: Jeffrey A. Miller
Title: Managing Member
ACADIA MASTER FUND I, LTD.
By: /s/ Jeffrey A. Miller
----------------------
Name: Jeffrey A. Miller
Title: Director
EXHIBIT INDEX
Exhibits
1. Joint Filing Agreement, dated January 22, 2009, among
Jeffrey A. Miller, Eric D. Jacobs, Miller & Jacobs Capital,
L.L.C., and Acadia Master Fund I, Ltd.
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EXHIBIT 1
JOINT FILING AGREEMENT
The undersigned hereby agree that this Statement on Schedule 13G
with respect to the beneficial ownership of shares of Common Stock, par
value $0.01 per share, of Old Line Bancshares, Inc. is filed jointly, on behalf
of each of them.
Dated: January 22, 2009
/s/ Jeffrey A. Miller
---------------------
Jeffrey A. Miller
/s/ Eric D. Jacobs
------------------
Eric D. Jacobs
MILLER & JACOBS CAPITAL, L.L.C.
By: /s/ Jeffrey A. Miller
--------------------
Name: Jeffrey A. Miller
Title: Managing Member
ACADIA MASTER FUND I, LTD.
By: /s/ Jeffrey A. Miller
----------------------
Name: Jeffrey A. Miller
Title: Director
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