SEC Form 4 · accession 0000939057-18-000075

PROVIDENT FINANCIAL HOLDINGS INC · PROV

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President, COO, & CFO

Period of report

Mar 7, 2018

Accepted (ET)

Mar 8, 2018 · 10:04 am EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001010470

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock, Par Value $0.01^F1	Mar 7, 2018	M	25,000	$7.03	A	209,647	D
Common Stock, Par Value $0.01^F2	Mar 7, 2018	S	15,000	$18.25	D	194,647	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Options to Purchase Common Stock^F3	$7.03	Mar 7, 2018	M	25,000	D	Aug 7, 2011	Aug 7, 2018	Common Stock	25,000	85,000	D

F1Mr. Ternes exercised 25,000 options to acquire 25,000 shares of common stock under Provident's 2006 Equity Incentive Plan which vested on August 7, 2011.
F2Ownership of 194,647 shares includes the 14,250 shares of restricted stock awarded on September 30, 2014 from the 2010 Equity Incentive Plan which vests on September 30, 2018; indirect ownership of 25,784 shares in Mr. Ternes' Employee Stock Ownership Plan account; and indirect ownership of 47,500 shares owned by Mr. Ternes' spouse.
F3Mr. Ternes has previously been granted 40,000 options to acquire 40,000 shares of common stock under Provident's 2010 Equity Incentive Plan. Fifty percent of the grant vests on September 30, 2016, fifty percent of the grant vests on September 30, 2018, and the entire grant expires on September 30, 2024. Also, Mr. Ternes has previously been granted 45,000 options to acquire 45,000 shares of common stock under Provident's 2010 Equity Incentive Plan. Fifty percent of the grant vests on June 20, 2013, fifty percent of the grant vests on June 20, 2015, and the entire grant expires on June 20, 2021.