UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
BEACON ROOFING SUPPLY, INC.
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
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(Title of Class of Securities)
073685109
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(CUSIP Number)
February 15, 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 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).
Page 1
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CUSIP No. 073685109 Page 2 of 12 Pages
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1 NAME OF REPORTING PERSON
Basswood Capital Management, LLC
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- --------- -------------------------------------------------
5 SOLE VOTING POWER
-0-
--------- ------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,202,428 shares
OWNED BY --------- ------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
--------- ------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,202,428 shares
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,202,428 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
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12 TYPE OF REPORTING PERSON*
OO
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Page 2
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CUSIP No. 073685109 Page 3 of 12 Pages
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1 NAME OF REPORTING PERSON
Basswood Partners, LLC
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- --------- -------------------------------------------------
5 SOLE VOTING POWER
-0-
--------- ------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,144,653 shares
OWNED BY --------- ------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
--------- ------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,144,653 shares
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,144,653 shares
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.6%
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12 TYPE OF REPORTING PERSON*
OO
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Page 3
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CUSIP No. 073685109 Page 4 of 12 Pages
-------------------------------- ------------------
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1 NAME OF REPORTING PERSON
Matthew Lindenbaum
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
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 2,206,742 shares
OWNED BY --------- ------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
--------- ------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,206,742 shares
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,206,742 shares
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
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Page 4
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CUSIP No. 073685109 Page 5 of 12 Pages
-------------------------------- ------------------
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1 NAME OF REPORTING PERSON
Bennett Lindenbaum
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
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 2,206,742 shares
OWNED BY --------- ------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
--------- ------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,206,742 shares
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,206,742 shares
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- ---------------------------------------------------------------------
Page 5
Item 1(a). Name of Issuer:
Beacon Roofing Supply Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
One Lakeland Park Drive,
Peabody, Mass. 01690
Items 2(a) Name and Principal Business Address of Person Filing:
and 2(b).
This Schedule is being jointly filed by:
(i) Basswood Capital Management, LLC, a Delaware limited
liability company ("Basswood"), which acts as investment
advisor or investment manager to Basswood Financial
Partners, LP, a Delaware limited partnership, Basswood
Opportunity Partners, LP, a Delaware limited partnership,
Jet I, LP, a Delaware limited partnership, and Whitewood
Financial Partners, LP, a Delaware limited partnership
(the "Domestic Funds") and Basswood Opportunity Fund,
Inc., a Cayman Islands exempted company, and Basswood
International Fund, Inc., a Cayman Islands exempted
company (the "Offshore Funds"), and a managed account (the
"Managed Account", and collectively with the Domestic
Funds and the Offshore Funds, the "Funds");
(ii) Basswood Partners, LLC, a Delaware limited liability
company (the "General Partner"), which acts as general
partner to the Domestic Funds;
(iii) Matthew Lindenbaum, a Managing Member of Basswood and the
General Partner; and
(iv) Bennett Lindenbaum, a Managing Member of Basswood and the
General Partner.
The principal business address of each reporting person is 645 Madison Avenue,
10th Floor, New York, New York 10022.
Item 2(c). Citizenship:
(i) Basswood Capital Management, LLC is a Delaware limited
liability company.
(ii) Basswood Partners, LLC is a Delaware limited liability
company.
(iii) Messrs. Lindenbaum are citizens of the United States.
Page 6
Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value ("Common Stock").
Item 2(e). CUSIP Number:
073685109
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under section 15 of the Act,
(b) [ ] Bank as defined in section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in section 3(a)(19) of the Act,
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act of 1940,
(e) [ ] An investment adviser in accordance with ss. 240.13d-
1(b)(1)(ii)(E),
(f) [ ] An employee benefit plan or endowment fund in accordance with ss.
240.13d-1(b)(1)(ii)(F),
(g) [ ] A parent holding company or control person in accordance with ss.
240.13d-1(b)(1)(ii)(G),
(h) [ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act,
(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,
(j) [ ] A group, in accordance with ss. 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
The following states the beneficial ownership of the reporting persons as
of February 15, 2007. See also the notes appearing at the end of this Item
4.
Page 7
Basswood Capital Management, LLC:
(a) Amount beneficially owned: 2,202,428 shares
(b) Percent of class: 5.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
None
(ii) Shared power to vote or to direct the vote:
2,202,428 shares
(iii) Sole power to dispose or to direct the disposition of:
None
(iv) Shared power to dispose or to direct the disposition of:
2,202,428 shares
Basswood Partners, LLC:
(a) Amount beneficially owned: 1,144,653 shares
(b) Percent of class: 2.6%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
None
(ii) Shared power to vote or to direct the vote:
1,144,653 shares
(iii)Sole power to dispose or to direct the disposition of:
None
(iv) Shared power to dispose or to direct the disposition of:
1,144,653 shares
Matthew Lindenbaum:
(a) Amount beneficially owned: 2,206,742 shares
(b) Percent of class: 5.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
None
(ii) Shared power to vote or to direct the vote:
2,206,742 shares
(iii) Sole power to dispose or to direct the disposition of:
None
(iv) Shared power to dispose or to direct the disposition of:
2,206,742 shares
Page 8
Bennett Lindenbaum:
(a) Amount beneficially owned: 2,206,742 shares
(b) Percent of class: 5.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
None
(ii) Shared power to vote or to direct the vote:
2,206,742 shares
(iii) Sole power to dispose or to direct the disposition of:
None
(iv) Shared power to dispose or to direct the disposition of:
2,206,742 shares
As the investment advisor or investment manager to the each of the Funds,
Basswood may be deemed to have beneficial ownership over 2,202,428 shares of
Common Stock directly owned by the Funds (none of which individually
beneficially own more than 5% of the class), by virtue of the authority granted
to it by the Funds (or, in the case of the Domestic Funds, the General Partner)
to vote and to dispose of the securities held by the Funds, including the shares
of Common Stock. As the general partner to each of the Domestic Funds, the
General Partner may be deemed to have beneficial ownership over 1,140,339 shares
of Common Stock directly owned by the Domestic Funds by virtue of the authority
granted to it by the Domestic Funds to vote and to dispose of the securities
held by the Domestic Funds, including the Common Stock. In addition, the General
Partner directly owns 4,314 shares of Common Stock. As Managing Members of
Basswood and the General Partner, Matthew Lindenbaum and Bennett Lindenbaum may
be deemed to have beneficial ownership over 2,206,742 shares of Common Stock
directly owned by the Funds and the General Partner.
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.
Each of the Funds has the right to receive dividends from and the proceeds of
the sale of the Common Stock owned by such entities. None of such parties
individually owns beneficially more than 5% of the class.
Page 9
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 (we) certify that, to the best of my (our)
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.
Page 10
SIGNATURE
After reasonable inquiry and to the best of my (our) knowledge and belief, I
(we) certify that the information set forth in this statement is true, complete
and correct.
Dated: February 16, 2007
Basswood Capital Management, LLC
/s/ Matthew Lindenbaum
--------------------------------
By: Matthew Lindenbaum
Title: Managing Member
Basswood Partners, LLC
/s/ Matthew Lindenbaum
--------------------------------
By: Matthew Lindenbaum
Title: Managing Member
/s/ Matthew Lindenbaum
---------------------------------
Matthew Lindenbaum, an individual
/s/ Bennett Lindenbaum
---------------------------------
Bennett Lindenbaum, an individual
Joint Filing Agreement
Basswood Capital Management, LLC, a Delaware limited liability company, and
Matthew and Bennett Lindenbaum, each an individual, hereby agree to file jointly
the statement on Schedule 13G to which this Agreement is attached and any
amendments thereto which may be deemed necessary, pursuant to Regulation 13D-G
under the Securities Exchange Act of 1934.
It is understood and agreed that each of the parties hereto is responsible for
the timely filing of such statement and any amendments thereto, and for the
completeness and accuracy of the information concerning such party contained
therein, but such party is not responsible for the completeness and accuracy of
information concerning any other party unless such party knows or has reason to
believe such information is inaccurate.
It is understood and agreed that a copy of this Agreement shall be attached as
an exhibit to the statement on Schedule 13G, and any amendments thereto, filed
on behalf of each of the parties hereto.
Dated: February 16, 2007
Basswood Capital Management, LLC
/s/ Matthew Lindenbaum
--------------------------------
By: Matthew Lindenbaum
Title: Managing Member
Basswood Partners, LLC
/s/ Matthew Lindenbaum
--------------------------------
By: Matthew Lindenbaum
Title: Managing Member
/s/ Matthew Lindenbaum
---------------------------------
Matthew Lindenbaum, an individual
/s/ Bennett Lindenbaum
---------------------------------
Bennett Lindenbaum, an individual