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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Farmers National Banc Corp.
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(Name of Issuer)
COMMON SHARES
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(Title of Class of Securities)
309627107
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(CUSIP Number)
Frederick DiSanto
C/O Ancora Advisors, LLC
ONE CHAGRIN HIGHLANDS
2000 AUBURN DRIVE, SUITE 300
CLEVELAND, OHIO 44122
(216) 825-4000
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(Name, Address and Telephone Number of Person Authorized to
Receive Notice and Communications)
January 21, 2014
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |__|.
Check the following box if a fee is being paid with the statement |___|.
SCHEDULE 13D
--------------------------------------------------------------------------CUSIP
NO. 309627107
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
ANCORA ADVISORS, LLC 33-1033773
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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 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Nevada, U.S.A.
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7 SOLE VOTING POWER
NUMBER OF
SHARES 1,032,872
BENEFICIALLY -----------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING -----------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 1,032,872
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,032,872
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.50%
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14 TYPE OF REPORTING PERSON*
IA
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SCHEDULE 13D
-------------------------------------------------------------------------CUSIP
NO. 309627107
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1 NAME OF REPORTING PERSON
Frederick DiSanto
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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 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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7 SOLE VOTING POWER
NUMBER OF
SHARES 36,700
BENEFICIALLY -----------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING -----------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 36,700
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,700
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.20%
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14 TYPE OF REPORTING PERSON*
IN
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The following constitutes to the Schedule 13D filed by the undersigned
Item 1. Security and Issuer
This statement relates to the shares of Common Stock of farmers National Banc
Corp. The address of the issuer is 20 South Broad Street, Canfield, OH 44406.
Item 2. Identity and Background
This statement is filed on behalf of Ancora Advisors LLC. Ancora Advisors LLC
is registered as an investment advisor with the SEC under the Investment
Advisors Act, as amended. Ancora Advisors LLC is the investment advisor to the
Ancora Trust, which includes the Ancora Income Fund, Ancora Equity Fund, Ancora
Special Opportunity Fund, Ancora/Thelen Small-Mid Cap Fund, and Ancora MicroCap
Fund (Ancora Family of Mutual Funds), which are registered with the SEC as
investment companies under the Investment Company Act, as amended.
Ancora Advisors LLC has the power to dispose of the shares owned by the
investment clients for which it acts as advisor, including Merlin Partners, the
AAMAF LP, Birchwald Partners, LP and the Ancora Greater China Fund LP for which
it is also the General Partner, and the Ancora Family of Mutual Funds. Ancora
Advisors disclaims beneficial ownership of such shares, except to the extent of
its pecuniary interest therein.
During the last five years the Reporting Person has not been convicted in a
criminal proceeding, nor been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction, as a result of which he was or is
subject to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
Ancora Advisors owns no Shares directly but Ancora Advisors may be deemed to own
(within the meaning of Rule 13(d)(3) of the Securities Exchange Act of 1934)
Shares purchased for or transferred to the accounts of investment management
clients. Ancora Advisors disclaims beneficial ownership of such shares, except
to the extent of its pecuniary interest therein.
Merlin Partners, AAMAF LP, Birchwald Partners LP, Ancora Greater China Fund LP,
Ancora Family of Mutual Funds, Employees of Ancora Advisors LLC and Owners of
Ancora Advisors LLC. have used available and uncommitted cash to purchase shares
of the Issuer.
Item 4. Purpose of Transaction
The shares of Common Stock covered by this Schedule 13D were acquired in recent
months by Ancora Advisors, LLC for investment purposes in the ordinary course of
business. Ancora purchased shares based on its belief that the value of the bank
is in excess of the current share price. Ancora representatives have met with
senior management of the Company and plan to continue to engage management and
members of the Board of Directors in dialogue. Ancora Advisors, LLC reserves the
right to purchase or otherwise acquire additional securities of the Issuer, or
sell or otherwise dispose of any securities of the Issuer beneficially owned by
them.* In each case, in the open market or in privately negotiated transactions,
to the extent deemed advisable by Ancora Advisors, LLC in light of their general
investment policies, market conditions, subsequent developments affecting the
Issuer and the general business and future prospects of the Issuer.* Ancora
Advisors, LLC may take any other action with respect to the Issuer or any of the
Issuer's debt or equity securities in any manner permitted by applicable law.
Item 5. Interest in Securities of the Issuer
Set forth below, Ancora Advisors LLC, in the aggregate, are the number of Shares
which may be deemed to be beneficially owned as of January 30, 2014 and the
percentage of the Shares outstanding represented by such ownership (based on
18,775,980 shares outstanding as of October 31, 2013):
NAME NO. OF SHARES PERCENT OF CLASS
Ancora Owners/Employees (1) 43,200 0.23%
Ancora Funds & Partnerships (2) 767,757 4.09%
Ancora Advisors SMA (3) 265,115 1.41%
TOTAL 1,076,072 5.73%
(1) These Shares are owned by the owners and employees of Ancora Advisors
LLC.
(2) These Shares are owned by the Ancora Family of Mutual Funds and/or
Investment Partnerships, including Merlin Partners, the AAMAF LP,
Birchwald Partners LP and the Ancora Greater China Fund LP for which it is
also the General Partner, of which Ancora Advisors acts as the
discretionary portfolio manager.
(3) These Shares are owned by investment clients of Ancora Advisors.
Ancora Advisors does not own these shares directly, but by virtue of
Ancora Advisors Investment Management Agreement with the investment
clients of Ancora Advisors, each may be deemed to beneficially own Shares
by reason of their power to dispose of such Shares. Ancora Advisors
disclaims beneficial ownership of such Shares.
Item 6. Contracts, Arrangements, Understanding or Relationships with Respect
to Securities of the Issuer.
Other than as described herein, there are no contracts, arrangements,
understandings or relationships among the Reporting Persons, or between the
Reporting Persons and any other person, with respect to the securities of the
Issuer.
Item 7. Material to be Filed as Exhibits
Exhibit A: "Relevant Transactions in Shares" in the past 60 days.
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|DATE OF TRANSACTION BUY/SELL AMOUNT OF SECURITIES PRICE PER SHARE|
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| 12/13/13 Buy 463,247 6.1462 |
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| 12/16/13 Buy 26,083 6.3596 |
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| 12/17/13 Buy 27,017 6.3742 |
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| 12/18/13 Buy 33,300 6.4368 |
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| 12/19/13 Buy 42,700 6.4866 |
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| 12/20/13 Buy 6,888 6.4973 |
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| 12/23/13 Buy 22,500 6.5072 |
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| 12/24/13 Buy 12,773 6.4983 |
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| 12/27/13 Buy 30,339 6.5633 |
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| 12/30/13 Buy 64,427 6.5248 |
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| 12/31/13 Buy 17,500 6.5589 |
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| 1/3/14 Buy 1,550 6.5594 |
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| 1/6/14 Buy 24,976 6.6054 |
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| 1/7/14 Buy 28,867 6.6369 |
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| 1/8/14 Buy 12,400 6.6563 |
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| 1/9/14 Buy 78,781 6.7172 |
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| 1/10/14 Buy 15,276 6.7489 |
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| 1/13/14 Buy 10,842 6.7424 |
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| 1/14/14 Buy 13,697 6.7678 |
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| 1/15/14 Buy 1,420 6.7688 |
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| 1/16/14 Buy 5,725 6.7688 |
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| 1/17/14 Buy 23,777 6.7404 |
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| 1/21/14 Buy 31,633 6.8473 |
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| 1/22/14 Buy 4,310 6.8607 |
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| 1/23/14 Buy 5,170 6.8371 |
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| 1/24/14 Buy 1,520 6.8632 |
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| 1/27/14 Buy 14,883 6.8265 |
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| 1/28/14 Buy 38,600 6.8623 |
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| 1/29/14 Buy 8,602 6.9233 |
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| 1/30/14 Buy 52,449 6.9348 |
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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 31, 2014 ANCORA
ADVISORS, LLC
By: /s/ Frederick DiSanto
Frederick DiSanto
Chief Executive Officer