<SEC-DOCUMENT>0000904454-23-000029.txt : 20230120
<SEC-HEADER>0000904454-23-000029.hdr.sgml : 20230120
<ACCEPTANCE-DATETIME>20230120095116
ACCESSION NUMBER:		0000904454-23-000029
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230120
DATE AS OF CHANGE:		20230120

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PATRIOT NATIONAL BANCORP INC
		CENTRAL INDEX KEY:			0001098146
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				061559137
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-58533
		FILM NUMBER:		23539295

	BUSINESS ADDRESS:	
		STREET 1:		900 BEDFORD ST
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901
		BUSINESS PHONE:		2033247500

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIGULER GUFF ADVISERS, LLC
		CENTRAL INDEX KEY:			0001568814
		IRS NUMBER:				133855629
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		200 PARK AVENUE
		STREET 2:		23RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166
		BUSINESS PHONE:		212-332-5100

	MAIL ADDRESS:	
		STREET 1:		200 PARK AVENUE
		STREET 2:		23RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>s13ga_patriotnatlbanc011923.htm
<DESCRIPTION>SCHEDULE 13G/A
<TEXT>
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            <div style="text-align: center; font-size: 12pt;">UNITED STATES</div>
            <div style="text-align: center; font-size: 12pt;">SECURITIES AND EXCHANGE COMMISSION</div>
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            <div style="text-align: center; font-size: 12pt;">Washington, D.C. 20549</div>
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          <td style="width: 100%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center; font-size: 14pt; font-weight: bold;">SCHEDULE 13G</div>
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            <div style="text-align: center; font-size: 12pt;">(Rule 13d-102)</div>
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          <td style="width: 100%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center; font-size: 12pt;">INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT</div>
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            <div style="text-align: center; font-size: 12pt;">TO RULES 13d-1(b),(c) AND (d) AND AMENDMENTS THERETO FILED</div>
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            <div style="text-align: center; font-size: 12pt;">PURSUANT TO RULE 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
            <div>&#160;</div>
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            <div style="text-align: center; font-size: 12pt;">(Amendment No. 1) *</div>
            <div>&#160;</div>
            <div>&#160;</div>
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            <div style="text-align: center; font-size: 12pt; font-weight: bold;">Patriot National Bancorp Inc.</div>
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            <div style="text-align: center;">(Name of Issuer)</div>
            <div>&#160;</div>
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            <div style="text-align: center; font-size: 12pt; font-weight: bold;">Common Stock, par value $0.01</div>
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            <div style="text-align: center;">(Title of Class of Securities)</div>
            <div>&#160;</div>
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            <div style="text-align: center; font-size: 12pt; font-weight: bold;">70336F203</div>
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            <div style="text-align: center;">(CUSIP Number)</div>
            <div>&#160;</div>
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          <td style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">December 31, 2022</div>
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            <div style="text-align: center;">(Date of Event Which Requires Filing of this Statement)</div>
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    <div style="font-size: 12pt;">Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</div>
    <div><br>
    </div>
    <div style="margin-bottom: 3pt;">[X]&#160; Rule 13d-1(b)</div>
    <div style="margin-bottom: 3pt;">[ &#160; ]&#160; Rule 13d-1(c)</div>
    [&#160;&#160; ]&#160; Rule 13d-1(d)
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    <div style="font-size: 12pt;">_______________________</div>
    <div><br>
    </div>
    <div style="font-size: 12pt;">*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.</div>
    <div><br>
    </div>
    <div style="font-size: 12pt;">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, <font style="font-style: italic;">see</font> the <font style="font-style: italic;">Notes</font>).</div>
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      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-weight: normal; font-style: normal;">1</font></div>
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            <div style="text-align: center; font-weight: bold;">1</div>
          </td>
          <td colspan="3" style="width: 79.19%; vertical-align: top;">
            <div>NAMES OF REPORTING PERSON</div>
            <div>I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) (VOLUNTARY):</div>
          </td>
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          <td colspan="3" style="width: 79.19%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div style="font-weight: bold;">Siguler Guff Advisers, LLC</div>
            <div>&#160;</div>
            <div>&#160;</div>
          </td>
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            <div style="text-align: center; font-weight: bold;">2</div>
          </td>
          <td colspan="2" style="width: 63.57%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)</div>
            <div>&#160;</div>
          </td>
          <td style="width: 15.62%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right;">&#160;</div>
            <div style="text-align: right; font-family: 'Times New Roman',Times,serif; font-weight: bold;">(a) [&#160;&#160; ]</div>
            <div style="text-align: right; font-family: 'Times New Roman',Times,serif; font-weight: bold;">(b) [ &#160; ]</div>
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            <div style="text-align: center; font-weight: bold;">3</div>
          </td>
          <td colspan="3" style="width: 79.19%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>SEC USE ONLY</div>
            <div>&#160;</div>
            <div>&#160;</div>
          </td>
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          <td style="width: 20.81%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">4</div>
          </td>
          <td colspan="2" style="width: 63.57%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div>&#160;</div>
            <div>&#160;</div>
          </td>
          <td style="width: 15.62%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-weight: bold;">Delaware</div>
          </td>
        </tr>
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          <td rowspan="4" style="width: 20.81%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
          </td>
          <td style="width: 19.99%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">5</div>
          </td>
          <td style="width: 43.58%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>SOLE VOTING POWER</div>
            <div>&#160;</div>
            <div>&#160;</div>
          </td>
          <td style="width: 15.62%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-weight: bold;">0</div>
          </td>
        </tr>
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          <td style="width: 19.99%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">6</div>
          </td>
          <td style="width: 43.58%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>SHARED VOTING POWER</div>
            <div>&#160;</div>
            <div>&#160;</div>
          </td>
          <td style="width: 15.62%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div style="text-align: right; font-weight: bold;">299,711</div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.99%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">7</div>
          </td>
          <td style="width: 43.58%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>SOLE DISPOSITIVE POWER</div>
            <div>&#160;</div>
            <div>&#160;</div>
          </td>
          <td style="width: 15.62%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-weight: bold;">0</div>
          </td>
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          <td style="width: 19.99%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">8</div>
          </td>
          <td style="width: 43.58%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>SHARED DISPOSITIVE POWER</div>
            <div>&#160;</div>
            <div>&#160;</div>
          </td>
          <td style="width: 15.62%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-weight: bold;">299,711</div>
          </td>
        </tr>
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          <td style="width: 20.81%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">9</div>
          </td>
          <td colspan="2" style="width: 63.57%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div>&#160;</div>
          </td>
          <td style="width: 15.62%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-weight: bold;">299,711</div>
          </td>
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          <td style="width: 20.81%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">10</div>
          </td>
          <td colspan="2" style="width: 63.57%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</div>
            <div>&#160;</div>
          </td>
          <td style="width: 15.62%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div style="text-align: right;">[ &#160; ]</div>
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            <div style="text-align: center; font-weight: bold;">11</div>
          </td>
          <td colspan="2" style="width: 63.57%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9</div>
            <div>&#160;</div>
          </td>
          <td style="width: 15.62%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-weight: bold;">7.6%</div>
          </td>
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            <div style="text-align: center; font-weight: bold;">12</div>
          </td>
          <td colspan="2" style="width: 63.57%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
            <div>&#160;</div>
            <div>&#160;</div>
          </td>
          <td style="width: 15.62%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-weight: bold;">OO, IA</div>
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      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-weight: normal; font-style: normal;">2</font></div>
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    <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;"><u> <br>
      </u></div>
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  <div><u> <br>
    </u>
    <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;"><u> <br>
      </u></div>
    <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;"><u> <br>
      </u></div>
    <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;"><u> <br>
      </u></div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;"><u>AMENDMENT NO. 1 TO SCHEDULE 13G</u></div>
    <div><br>
    </div>
    <div style="font-size: 12pt;">Reference is hereby made to the statement on Schedule 13G filed with the Securities and Exchange Commission by the Reporting Person with respect to the Common Stock of the Issuer on May 3, 2021 (the &#8220;Schedule 13G&#8221;).&#160; Terms
      defined in the Schedule 13G are used herein as so defined.</div>
    <div><br>
    </div>
    <div style="font-size: 12pt;">The following Items of the Schedule 13G are hereby amended and restated as follows:</div>
    <div><br>
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            <div style="margin-right: 42pt; font-size: 12pt;">Item 2(a)</div>
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          <td style="width: 76.32%; vertical-align: top;">
            <div style="margin-right: 42pt; font-size: 12pt;">Name of Persons Filing:</div>
            <div>&#160;</div>
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          <td style="width: 23.68%; vertical-align: top;">&#160;</td>
          <td style="width: 76.32%; vertical-align: top;">
            <div style="margin-right: 42pt; font-size: 12pt;">This statement is filed by Siguler Guff Advisers, LLC (&#8220;SGA&#8221; or the &#8220;Reporting Person&#8221;).&#160; SGA is a registered investment adviser to certain affiliated funds (the &#8220;Funds&#8221;) that directly hold the
              securities of the Issuer to which this statement relates for the benefit of their respective investors, and in such capacity SGA has voting and dispositive power over such securities. SGA is 100% owned by Siguler Guff &amp; Company, LP.&#160; The
              general partner of Siguler Guff &amp; Company, LP is Siguler Guff Holdings GP, LLC. George W. Siguler, Andrew J. Guff and Kenneth J.&#160; Burns are the owners of Siguler Guff Holdings GP, LLC and the executive officers of SGA.</div>
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          <td style="width: 23.68%; vertical-align: top;">&#160;</td>
          <td style="width: 76.32%; vertical-align: top;">&#160;</td>
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          <td style="width: 23.68%; vertical-align: top;">
            <div style="margin-right: 42pt; font-size: 12pt;">Item 4</div>
          </td>
          <td style="width: 76.32%; vertical-align: top;">
            <div style="margin-right: 42pt; font-size: 12pt;">Ownership</div>
          </td>
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          <td style="width: 23.68%; vertical-align: top;">&#160;</td>
          <td style="width: 76.32%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 23.68%; vertical-align: top;">&#160;</td>
          <td style="width: 76.32%; vertical-align: top;">
            <div style="margin-right: 42pt; font-size: 12pt;">(a) through (c):</div>
          </td>
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          <td style="width: 23.68%; vertical-align: top;">&#160;</td>
          <td style="width: 76.32%; vertical-align: top;">
            <div style="margin-right: 42pt; font-size: 12pt;">The information requested in this item is incorporated herein by reference to the cover pages to this Amendment No. 1 to Schedule 13G.&#160; Ownership is stated as of December 31, 2022 and ownership
              percentage is based on 3,957,269 shares of Common Stock outstanding as of November 14, 2022, as reported in the Issuer&#8217;s Form 10-Q for the period ended September 30, 2022 filed with the Securities and Exchange Commission on November 14, 2022.</div>
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    <div style="margin-top: 6pt; margin-bottom: 6pt;"><br>
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    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-weight: normal; font-style: normal;">3</font></div>
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    <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;"> <br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;"> <br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;"> <br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;"> <br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;"> <br>
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    <div style="text-align: center; font-size: 12pt; font-weight: bold;">SIGNATURE</div>
    <div><br>
    </div>
    <div style="margin-top: 6pt; margin-bottom: 6pt; font-size: 12pt;">After reasonable inquiry and to the best of the undersigned&#8217;s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and
      correct.</div>
    <div><br>
    </div>
    <div style="font-size: 12pt;">Date:&#160; January 20, 2023</div>
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            <div style="font-size: 12pt;">SIGULER GUFF ADVISERS, LLC</div>
            <div>&#160;</div>
            <div>&#160;</div>
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            <div style="font-size: 12pt;">/s/&#160; Marcelo Phillips</div>
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            <div style="font-size: 12pt;">Principal, Chief Compliance Officer</div>
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