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1
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NAME OF REPORTING PERSONS
Yacktman Asset Management LP (1)
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(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
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SOLE VOTING POWER
2,142,165
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
2,403,852
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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
2,403,852
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
Not Applicable
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o
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.3% (2)
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
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(1)
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Yacktman Asset Management LP is an investment advisory firm that was formed in April 2012 and succeeded to the business of Yacktman Asset Management Co.
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(2)
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Based upon an aggregate of 33,101,281 shares outstanding as of November 2, 2012.
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Item 1(a).
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Name of Issuer:
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The Bancorp, Inc.
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Item 1(b).
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Address of Issuer’s Principal Executive Offices:
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409 Silverside Road, Wilmington, DE 19809
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Item 2(a).
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Name of Person Filing:
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The person filing this Schedule 13G is Yacktman Asset Management LP. Yacktman Asset Management LP (“Yacktman”) is an investment advisory firm that was formed in April 2012 and succeeded to the business of Yacktman Asset Management Co. Yacktman is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. As of July 2012, neither Donald A. Yacktman nor The Yacktman Funds, Inc., whose underlying series were reorganized into corresponding series of Managers AMG Funds, were beneficial owners of more than 5% of the Issuer’s Common Stock.
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Item 2(b).
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Address of Principal Business Office or, if none, Residence:
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6300 Bridgepoint Parkway, Bldg. 1, Suite 500
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Austin, TX 78730
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Item 2(c).
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Citizenship:
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Yacktman is a Delaware limited partnership.
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Item 2(d).
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Title of Class of Securities:
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Common Stock
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Item 2(e).
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CUSIP Number:
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05969A105
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Item 3.
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If this statement is filed pursuant to sections 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:
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T
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An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E).
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Item 4.
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Ownership:
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(a)
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Amount Beneficially Owned: 2,403,852
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(b)
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Percent of Class: 7.3%
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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: 2,142,165
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(ii)
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shared power to vote or to direct the vote: 0
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(iii)
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sole power to dispose or to direct the disposition of: 2,403,852
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(iv)
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shared power to dispose or to direct the disposition of: 0
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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 the 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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N/A
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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 or Control Person:
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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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Certification:
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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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Donald A. Yacktman
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President
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