UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

(Amendment No. 3)*

Clifton Bancorp Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

186873105

(CUSIP Number)

December 31, 2017

(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)

☐ 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).


CUSIP No.186873105		13G		Page 2 of 6 Pages


CUSIP No.186873105		13G		Page 3 of 6 Pages

CLIFTON SAVINGS BANK

EMPLOYEE STOCK OWNERSHIP PLAN

SCHEDULE 13G

Item 1.

(a)

Name of Issuer:

Clifton Bancorp Inc.

(b)

Address of Issuer’s Principal Executive Offices:

1433 Van Houten Avenue

Clifton, New Jersey 07015

Item 2.

(a)

Name of Person Filing:

Clifton Savings Bank Employee Stock Ownership Plan

Trustee: Pentegra Trust Company

(b)

Address of Principal Business Office or, if none, Residence:

2 Enterprise Drive, Suite 408

Shelton, Connecticut 06484

(c)

Citizenship:

See Page 2, Item 4.

(d)

Title of Class of Securities:

Common Stock, par value $0.01 per share

(e)

CUSIP Number:

See Page 1.


CUSIP No.186873105		13G		Page 4 of 6 Pages

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(f) [x]

An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F).

Item 4.

Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)

Amount beneficially owned: See Page 2, Item 9.

(b)

Percent of class: See Page 2, Item 11.

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote:

See Page 2, Item 5.

(ii)

Shared power to vote or to direct the vote:

See Page 2, Item 6.

(iii)

Sole power to dispose or to direct the disposition of:

See Page 2, Item 7.

(iv)

Shared power to dispose or to direct the disposition of:

See Page 2, Item 8.

Item 5.

Ownership of Five Percent or Less of a Class.

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 5 percent of the class of securities, check the following ☐.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

N/A


CUSIP No.186873105		13G		Page 5 of 6 Pages

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

N/A

Item 8.

Identification and Classification of Members of the Group.

N/A

Item 9.

Notice of Dissolution of Group.

N/A

Item 10.

Certification.

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, other than activities solely in connection with a nomination under § 240.14a-11.


CUSIP No.186873105		13G		Page 6 of 6 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

January 30, 2018

Date

/s/ William J. Pieper

Signature

Pentegra Trust Company, as Trustee for the

Clifton Savings Bank Employee Stock Ownership Plan

By: William J. Pieper, Senior Vice President

Pentegra Trust Company

Name/Title

NAMES OF REPORTING PERSONS

Clifton Savings Bank Employee Stock Ownership Plan

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a) ☐ (b) ☐

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

State of New Jersey

Clifton Bancorp Inc. SC 13G/A