Alan J Hyatt Form 4 SEVERN BANCORP / ALAN J HYATT ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

HYATT ALAN J

(Last) (First) (Middle)

SEVERN SAVINGS BANK FSB

200 WESTGATE CIRCLE, SUITE 500

(Street)

ANNAPOLIS MD 21401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SEVERN BANCORP INC [ SVBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
President, CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/24/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/24/2020		M		15,000	A	$4.98	144,269	D
Common Stock(1)								1,376.564	D
Common Stock								7,738	I	By Spouse
Common Stock								145,143(2)	I	By ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$4.98	11/24/2020		M			15,000	(3)	12/23/2020	Common Stock	15,000	(3)	0	D
Employee Stock Option (Right to Buy)	$6.33							(4)	12/22/2021	Common Stock	20,000		20,000	D
Employee Stock Option (Right to Buy)	$7.48							(5)	11/22/2022	Common Stock	20,000		20,000	D
Employee Stock Option (Right to Buy)	$7.81							(6)	12/19/2023	Common Stock	20,000		20,000	D

Explanation of Responses:

1. These shares are jointly owned by Alan J. Hyatt and his spouse, Sharon G. Hyatt.

2. Reflects shares allocated to Alan J. Hyatt's ESOP account.

3. These stock options were granted on December 23, 2014, and vested and became exercisable in five equal installments on the first five anniversaries of the grant date.

4. Options vest over a 5-year period beginning December 22, 2016.

5. Options vest over a 5-year period beginning November 22, 2017.

6. Options vest over a 5-year period beginning December 19, 2018.

	/s/ Alan J. Hyatt	11/27/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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