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CUSIP
No. 940610 10
8
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13G
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Page 2 of 7
Pages
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1
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NAME
OF REPORTING PERSON
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
David
W. Wallace
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
□
(b)
□
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3
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SEC
USE ONLY
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
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NUMBER
OF
SHARES
BENEFICIALLY OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE
VOTING POWER
904,000
|
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6
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SHARED
VOTING POWER
1,076,787
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7
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SOLE
DISPOSITIVE POWER
904,000
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8
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SHARED
DISPOSITIVE POWER
1,076,787
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9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,980,787
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10
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) [ ]
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11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.801%
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12
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TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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CUSIP
No. 940610 10 8
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13G
|
Page
3 of 7
Pages
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1
|
NAME
OF REPORTING PERSON
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Jean
and David W. Wallace Foundation
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|
2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
□
(b)
□
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|
3
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SEC
USE ONLY
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
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NUMBER
OF
SHARES
BENEFICIALLY OWNED BY
EACH
REPORTING
PERSON
WITH
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5
|
SOLE
VOTING POWER
942,787
|
|
|
6
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SHARED
VOTING POWER
0
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7
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SOLE
DISPOSITIVE POWER
942,787
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||
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8
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SHARED
DISPOSITIVE POWER
0
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9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
942,787
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||
|
10
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) [ ]
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||
|
11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.045%
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||
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12
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TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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CUSIP
No. 940610 10 8
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13G
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Page
4 of 7
Pages
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Item
1(a).
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Name
of Issuer:
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Washington
Trust Bancorp, Inc. (the “Issuer”)
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Item
1(b).
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Address
of Issuer’s Principal Executive Offices:
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23
Broad Street, Westerly,
RI 02891
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Item
2(a).
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Name
of Person Filing:
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This
statement is being filed by the following persons with respect to the
shares of Common Stock of the Issuer directly owned by:
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(i)
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David
W. Wallace;
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(ii)
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Jean
and David W. Wallace Foundation
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Item
2(b).
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Address
of Principal Business Office or, if None, Residence:
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Address
for David W. Wallace:
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680
Steamboat Road, Greenwich, CT 06380
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Address
for Jean and David W. Wallace Foundation:
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680
Steamboat Road, Greenwich, CT 06380
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Item
2(c).
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Citizenship:
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David
W. Wallace – United States
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Jean
and David W. Wallace Foundation –
Delaware
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Item
2(d).
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Title
of Class of Securities:
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Common
Stock, $.0625 par value
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Item
2(e).
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CUSIP
Number:
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940610
10 8
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(a)
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Broker
or dealer registered under section 15 of the Act (15 U.S.C.
780).
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(b)
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Bank
as defined in section 3(a)(6) of the Act (15 U.S.C.
780c).
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(c)
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Insurance
company as defined in section 3(a)(19) of the Act . (15 U.S.C.
780c)
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(d)
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Investment
company registered under section 8 of the Investment Company Act of 1940
(15 U.S.C. 80a-8).
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(e)
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An
investment adviser in accordance with
§240.13d-1(b)(1)(ii)(E);
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(f)
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An
employee benefit plan or endowment fund in accordance with
§240.13d-1(b)(1)(ii)(F);
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(g)
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A
parent holding company or control person in accordance with
§240.13d-1(b)(1)(ii)(G);
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(h)
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A
savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813);
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CUSIP
No. 940610 10 8
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13G
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Page
5 of 7 Pages
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(i)
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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);
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(j)
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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);
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(a)
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Amount
beneficially owned:
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1,980,787
Shares of Common Stock
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(b)
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Percent
of class:
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14.801%
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(c)
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Number
of shares as to which such person has:
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(i)
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Sole
power to vote or to direct the vote
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904,000
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(ii)
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Shared
power to vote or to direct the vote
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1,076,7871
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(iii)
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Sole
power to dispose or to direct the disposition
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904,000
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(iv)
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Shared
power to dispose or to direct the disposition
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1,076,7872
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(a)
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Amount
beneficially owned:
|
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942,787
Shares of Common Stock
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(b)
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Percent
of class:
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7.045%
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(c)
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Number
of shares as to which such person has:
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(i)
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Sole
power to vote or to direct the vote
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942,787
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(ii)
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Shared
power to vote or to direct the vote
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0
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(iii)
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Sole
power to dispose or to direct the disposition
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942,787
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(iv)
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Shared
power to dispose or to direct the disposition
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0
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CUSIP
No. 940610 10 8
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13G
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Page 6 of 7
Pages
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Item
5.
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Ownership
of Five Percent or Less of a Class.
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If
this statement is being filed to report the fact that as of the date
hereof a reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following
[ ].
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Item
6.
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Ownership
of More than Five Percent on Behalf of Another Person.
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N/A
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Item
7.
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Identification
and Classification of the Subsidiary Which Acquired the Security Being
Reported on by the Parent Holding Company.
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N/A
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Item
8.
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Identification
and Classification of Members of the Group.
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N/A
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Item
9.
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Notice
of Dissolution of Group.
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N/A
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Item
10.
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Certifications.
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N/A
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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CUSIP
No. 940610 10 8
|
13G
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Page 7 of 7
Pages
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February
14, 2008
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DAVID
W. WALLACE
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By:
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/s/ David W. Wallace | |
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Name:
David W. Wallace
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February
14, 2008
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JEAN
AND DAVID W. WALLACE FOUNDATION
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By:
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/s/ David W. Wallace | |
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Name:
David W. Wallace
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Title:
President and trustee
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Exhibit
1.
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Joint
Filing Agreement as required by Rule 13d-1(k)(1) under the Securities
Exchange Act of 1934, as amended.
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February
14, 2008
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DAVID
W. WALLACE
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By:
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/s/ David W. Wallace | |
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Name:
David W. Wallace
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JEAN
AND DAVID W. WALLACE FOUNDATION
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By:
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/s/ David W. Wallace | |
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Name:
David W. Wallace
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Title:
President and trustee
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