SC 13G 1 lousiana13g.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Louisiana Bancorp, Inc. ------------------------------------------------------------------------------- (Name of Issuer) Comon Stock, Par Value $.01 ------------------------------------------------------------------------------- (Title of Class of Securities) 54619P104 ---------------------------- (CUSIP Number) August 1, 2007 ------------------------------------------------------------------------------- (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-l(b) |X| Rule 13d-l(c) |_| Rule 13d-l(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 of 6 pages CUSIP No. 54619P104 ------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). MFP Investors LLC - 22-3608480 51 John F. Kennedy Parkway, 2nd Floor Short Hills, NJ 07078 Michael F. Price 51 John F. Kennedy Parkway, 2nd Floor Short Hills, NJ 07078 Michael F. Price is the controlling person of MFP Investors LLC ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) |_| (a) |X| (b) ------------------------------------------------------------------------------- 3. SEC Use Only ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware ------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power Beneficially by Owned ----------------------------------------------------- by Each Reporting Person With: 6. Shared Voting Power 550,000 ----------------------------------------------------- 7. Sole Dispositive Power ----------------------------------------------------- 8. Shared Dispositive Power 550,000 ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 550,000 ------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions). ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 8.7% ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) OO ------------------------------------------------------------------------------- Page 2 of 6 pages CUSIP No. 54619P104 ------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). MFP Partners, LP - 22-3608482 c/o MFP Investors LLC 51 John F. Kennedy Parkway, 2nd Floor Short Hills, NJ 07078 ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) |_| (a) |X| (b) ------------------------------------------------------------------------------- 3. SEC Use Only ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware ------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power Beneficially by Owned ------------------------------------------------------- by Each Reporting Person With: 6. Shared Voting Power 428,700 ------------------------------------------------------- 7. Sole Dispositive Power ------------------------------------------------------- 8. Shared Dispositive Power 428,700 ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 428,700 ------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions). ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 6.8% ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) PN ------------------------------------------------------------------------------- Page 3 of 6 pages Item 1. (a) Name of Issuer Louisiana Bancorp, Inc. (b) Address of Issuer's Principal Executive Offices 1600 Veterans Memorial Boulevard Metairie, Lousiana 70005 Item 2. (a) Name of Person Filing MFP Investors LLC MFP Partners, LP (b) Address of Principal Business Office or, if none, Residence 51 John F. Kennedy Parkway, 2nd Floor Short Hills, NJ 07078 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock, par value $.01 per share (e) CUSIP Number 54619P104 Item 3. If this statement is filed pursuant to ss.ss.240.13d-l(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable. Item 4. Ownership. As the investment advisor to several clients, MFP Investors LLC is deemed to own 550,000 shares (8.7%) of the common stock of the issuer. MFP Partners, LP (a client of MFP Investors LLC) has the shared power to vote 428,700 shares (6.8%) of the common stock of the issuer. 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. MFP Investors LLC manages investments for several clients, including MFP Partners, LP which owns more than 5% of the common stock of the issuer. 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. Page 4 of 6 pages Item 10. Certification 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. 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. August 8, 2007 ---------------------------------- Date MFP Investors LLC /s/ Michael F. Price ---------------------------------- Signature Name: Michael F. Price Title: Managing Member MICHAEL F. PRICE /s/ Michael F. Price ---------------------------------- Signature Name: Michael F. Price MFP Partners, LP /s/ Michael F. Price ---------------------------------- Signature Name: Michael F. Price Title: Authorized Signatory of the Investment Adviser Page 5 of 6 pages JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the stock of Louisiana Bancorp, Inc., and that this Joint Filing Agreement may be included as an exhibit to such joint filing. This Joint Filing Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of the 8th day of August, 2007. MFP Investors LLC /s/ Michael F. Price ---------------------------------- Signature Name: Michael F. Price Title: Managing Member MICHAEL F. PRICE /s/ Michael F. Price ---------------------------------- Signature Name: Michael F. Price MFP Partners, LP /s/ Michael F. Price ---------------------------------- Signature Name: Michael F. Price Title: Authorized Signatory of the Investment Adviser Page 6 of 6 pages