Kathleen R. Sachs Form 4 Georgetown Bancorp / Kathleen R. Sachs 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^*

Sachs Kathleen R.

(Last) (First) (Middle)

2 EAST MAIN STREET

(Street)

GEORGETOWN MA 01833

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Georgetown Bancorp, Inc. [ GTWN ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2015

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
Common Stock	05/18/2015		M		450	A	$9.33	4,237	D
Common Stock								1,700	I	IRA

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
Stock Options	$9.33	05/18/2015		M			450	02/22/2011	02/22/2020	Common Stock	450(1)	$0.00	0(1)	D
Stock Options	$9.55							02/22/2012	02/22/2021	Common Stock	434(2)		434(2)	D
Stock Options	$9.58							02/22/2013	02/22/2022	Common Stock	314(3)		314(3)	D
Stock Options	$14							02/22/2014	02/22/2023	Common Stock	350(4)		350(4)	D
Stock Options	$14.98							02/22/2015	02/22/2024	Common Stock	575(5)		575(5)	D
Stock Options	$17.55							02/22/2016	02/22/2025	Common Stock	930(6)		930(6)	D

Explanation of Responses:

1. Represents stock options vesting at a rate of 33.3% per year commencing on February 22, 2011.

2. Represents stock options vesting at a rate of 33.3% per year commencing on February 22, 2012.

3. Represents stock options vesting at a rate of 33.3% per year commencing on February 22, 2013.

4. Represents stock options vesting at a rate of 33.3% per year commencing on February 22, 2014.

5. Represents stock options vesting at a rate of 33.3% per year commencing on February 22, 2015.

6. Represents stock options vesting at a rate of 33.3% per year commencing on February 22, 2016.

	/s/ Joseph W. Kennedy, pursuant to power of attorney	05/19/2015
	** 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).
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