Citizens Bancshares Corp. (CZBS)

[norweger1979]

Amended Statement of Ownership (sc 13g/a) filing 1/24/2017

Name of Person Filing:

This statement is being filed by Context BH Capital Management, LP (“Context BH Capital Management”) with respect to 144,660 shares of Common Stock directly owned by Context BH Partners LP (the “Fund”), of which the General Partner is CCP BH III, LP, and 10,901 shares of Common Stock directly owned by private investment funds to which Context BH Capital Management acts as sub-adviser to the adviser to such private investment funds (the “Sub-Advised Funds”).

Context BH Capital Management is the investment manager of the Fund and thereby exercises investment discretion over its accounts and accordingly may be deemed to have beneficial ownership over the shares of Common Stock directly owned by the Fund. Context BH Capital Management is the sub-adviser to the Sub-Advised Funds and thereby exercises investment discretion over its accounts and accordingly may be deemed to have beneficial ownership over the shares of Common Stock directly owned by the Sub-Advised Funds.


(a) Amount beneficially owned: 155,561 shares

(b) Percent of class: 7.5%