Cheviot Financial Form 4 Cheviot Financial / Patricia L. Walter 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^*

Walter Patricia L.

(Last) (First) (Middle)

3723 GLENMORE AVENUE

(Street)

CHEVIOT OH 45211

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Cheviot Financial Corp. [ CHEV ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/07/2015

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	07/07/2015		A		2,500(5)	A	$0.00	5,898	D
Common Stock								2,750	I	By IRA
Common Stock								2,750	I	By Spouse's IRA
Common Stock								375	I	By Children
Common Stock								17,711	I	By 401(k)
Common Stock								6,185	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
Stock Options	$14.79	07/07/2015		A		7,500		07/07/2016	07/07/2025	Common Stock	7,500(6)	$0.00	7,500(6)	D
Stock Options	$14.14							05/23/2007	05/23/2016	Common Stock	686		686	D
Stock Options	$15.9							05/22/2008	05/22/2017	Common Stock	686		686	D
Stock Options	$10.54							05/20/2009	05/20/2018	Common Stock	686		686	D
Stock Options	$9.89							05/19/2010	05/19/2019	Common Stock	686		686	D
Stock Options	$9.42							05/18/2011	05/18/2020	Common Stock	686		686	D
Stock Options	$10.55							06/21/2012	06/21/2021	Common Stock	686(1)		686(1)	D
Stock Options	$8.3							06/19/2013	06/19/2022	Common Stock	800(2)		800(2)	D
Stock Options	$12.48							07/15/2015	07/15/2024	Common Stock	36,000(3)		36,000(3)	D
Stock Options	$15.46							05/04/2016	05/04/2025	Common Stock	5,000(4)		5,000(4)	D

Explanation of Responses:

1. Options to purchase shares of common stock vest at a rate of 20% per year commencing on June 21, 2012.

2. Options to purchase shares of common stock vest at a rate of 20% per year commencing on June 19, 2013.

3. Options to purchase shares of common stock vest at a rate of 20% per year commencing on July 15, 2015.

4. Options to purchase shares of common stock vest at a rate of 20% per year commencing on May 4, 2016.

5. Shares of restricted stock vest over seven years commencing on July 7, 2016.

6. Options to purchase shares of common stock vest at a rate of 20% per year commencing on July 7, 2016.

Remarks:

	/s/ Patricia L. Walter	07/09/2015
	** 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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