SEC Form 4 · accession 0001140361-17-046505

Provident Bancorp, Inc. · PVBC

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

Reporting owner

Officer — President and CEO · Director

Period of report

Dec 13, 2017

Accepted (ET)

Dec 18, 2017 · 4:22 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001635840

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Dec 13, 2017	S	4,255	$23.50	D	40,389	D
Common Stock^F4	Dec 13, 2017	P	3,430	$23.50	A	3,430	I	By IRA
Common Stock^F4	Dec 13, 2017	P	199	$23.35	A	3,629	I	By IRA
Common Stock^F4	Dec 13, 2017	P	100	$23.425	A	3,729	I	By IRA
Common Stock^F4	Dec 13, 2017	P	200	$23.45	A	3,929	I	By IRA
Common Stock^F4	Dec 13, 2017	P	326	$23.00	A	4,255	I	By IRA
Common Stock	holding	—	—		—	15,000	I	By 401(k)
Common Stock	holding	—	—		—	1,519	I	By Spouse
Common Stock	holding	—	—		—	8,481	I	By Spouse joint with children
Common Stock^F3	holding	—	—		—	1,015	I	By ESOP

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Options^F2	$17.40	holding	—	—	—	Nov 17, 2017	Nov 17, 2026	Common Stock	111,600	111,600	D

F1Includes shares of restricted stock which vest at a rate of 20% per year commencing on November 17, 2017.
F2Stock option vest at a rate of 20% per year commencing on November 17, 2017.
F3Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
F4These purchases were matchable against a sale under Section 16(b) of the Securities Exchange Act of 1934, as amended. Mr. Mansfield has paid the Issuer $210,35, representing the full amount of profit realized in connection with the short-swing transactions. The amount of profit realized includes purchases which occurred on December 13, 2017, which were reported on this Form 4.