SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

_____________________________

Schedule 13G
(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. ___)



Greene County Bancshares, Inc.
(Name of Issuer)



Common Stock, $2.00 par value
(Title of Class of Securities)



394361208
(CUSIP Number)



December 31, 2004
(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)
ý Rule 13d-1(d)

 
Page 1 of 5 Pages
 
 

 
CUSIP NO. 394361208
 
13G
 
Page 2 of 5 Pages

 
 
1
 
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
 
Phil M. Bachman, Jr.
 
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*           (a)  ¨
 
                                                               (b)  ¨
 
3
 
SEC USE ONLY
 
4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States of America
 
NUMBER OF
SHARES
 
BENEFICIALLY
 
OWNED BY
 
EACH
 
REPORTING
 
PERSON
 
WITH
 
5
 
SOLE VOTING POWER      
 
682,960
 
6
 
SHARED VOTING POWER     
 
 
7
 
SOLE DISPOSITIVE POWER
 
682,960
 
8
 
SHARED DISPOSITIVE POWER
 
 
9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
682,960
 
10
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*     (a)  x
 
The reporting person disclaims beneficial ownership of 131,845 shares owned by his spouse.
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
8.93%
 
12
 
TYPE OF REPORTING PERSON*
 
IN

 

 
CUSIP NO. 394361208
 
13G
 
Page 3 of 5 Pages


 
Item 1(a).
Name of Issuer:
Greene County Bancshares, Inc.
Item 1(b).
Address of Issuer’s
Principal Executive
Offices:
100 North Main Street
Greeneville, TN 37743
Item 2(a).
Name of Person Filing:
See Item 1 of page 2
Item 2(b).
Address of Principal
Business Office or, if none, Residence:
1330 E. Allen Bridge Road
Greeneville, TN 37743
Item 2(c).
Organization/Citizenship:
See Item 4 of page 2
Item 2(d).
Title of Class
Of Securities:
Common Stock, $2.00 par value
Item 2(e).
CUSIP Number:
394361208
Item 3.
Inapplicable.
  
Item 4.
Ownership.
  

 
 
 
 
 
Person
  
Total Shares
of
Common
Stock
Beneficially
Owned
  
 
 
 
Percent
of
Class(1)
  
 
 
 
Sole
Voting
Power
  
 
 
 
Shared
Voting
Power
  
 
 
Sole
Power
to
Dispose
  
 
 
Shared
Power
to
Dispose
Phil M. Bachman, Jr.
  
 
682,960(2)
  
 
8.93%
  
 
682,960(2)
      
 
682,960(2)
    
                     

 
(1)
Based on 7,649,212 shares of Common Stock outstanding as of March 1, 2005.
 
(2)
Excludes 131,845 shares of common stock owned by the reporting person’s spouse, of which the reporting person disclaims beneficial ownership.


 

 
CUSIP NO. 394361208
 
13G
 
Page 4 of 5 Pages

Item 5.
Ownership of Five Percent or Less of a Class.
 
Inapplicable
 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
 
Inapplicable
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
 
                 Inapplicable 
 
Item 8.
Identification and Classification of Members of the Group.
 
                 Inapplicable
 
Item 9.
Notice of Dissolution of Group.
 
                 Inapplicable
 
Item 10.
Certification.
 
                 Inapplicable


 

 
CUSIP NO. 394361208
 
13G
 
Page 5 of 5 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.




 
March 1, 2005
 
Date
 
 
 
/s/ Phil M. Bachman, Jr.
 
(Signature)
 
 
 
Phil M. Bachman, Jr., Director
 
(Name/Title)