William C Owens Form 4 Owens Realty Mortgage / WILLIAM C OWENS 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^*

OWENS WILLIAM C

(Last) (First) (Middle)

2221 OLYMPIC BLVD

(Street)

WALNUT CREEK CA 94595

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Owens Realty Mortgage, Inc. [ ORM ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2015

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
ORM Common Stock	05/26/2015		I		1,000	A	$13.0899	40,040	I	By Owens Financial Group 401(k)
ORM Common Stock	05/27/2015		I		2,000	A	$13.077	42,040	I	By Owens Financial Group 401(k)
ORM Common Stock	05/27/2015		I		1,000	A	$13.05	43,040	I	By Owens Financial Group 401(k)
ORM Common Stock	05/27/2015		I		1,000	A	$13.05	44,040	I	By Owens Financial Group 401(k)
ORM Common Stock								96,785	I	By Owens Financial Group, Inc.(1)
ORM Common Stock								360	I	By Self as Trustee for Owens Trust Dated 2/24/98(2)
ORM Common Stock								2,810	D
ORM Common Stock								4,637	I	By Belmar, Limited Partnership(3)
ORM Common Stock								6,361	I	By Spouse

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

Explanation of Responses:

1. William C. Owens is an officer and director of Owens Realty Mortgage, Inc. Mr. Owens owns 64.3889% of Owens Financial Group, Inc. Each of Bryan H. Draper and William E. Dutra own 16.7977%, and Brian M. Haines owns 2.0157% of Owens Financial Group, Inc. Owens Financial Group, Inc. owns 96,785 shares of Common Stock of Owens Realty Mortgage, Inc. Owens Financial Group, Inc. holds 83, 049 shares directly, and Investors Yield. Inc. (a wholly-owned subsidiary of Owens Financial Group, Inc.) holds 13,736 shares. Mr. Owens disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

2. Shares held by Owens Trust dated February 24, 1998, the trustee of which is Mr. Owens.

3. Shares held by Belmar, a California limited partnership of which Mr. Owens owns 49.22%. Mr. Owens disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

	Mandy Moldovan	05/29/2015
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.