Westbury Bancorp (WBBW) Form 3 Westbury Bancorp / Martin S. Friedman ownership change

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Friedman Martin S.

(Last) (First) (Middle)

C/O FJ CAPITAL MANAGEMENT LLC

1313 DOLLEY MADISON BLVD STE 306

(Street)

MCLEAN VA 22101

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/18/2020

3. Issuer Name and Ticker or Trading Symbol
Westbury Bancorp, Inc. [ WBBW ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	283,562	D
Common Stock	30,521	I	See footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Martin S Friedman (the "Reporting Person") is the managing member of FJ Capital Management LLC ("FJ Capital") , which is the Managing Member of Financial Opportunity Fund LLC ("FOF") which holds 283,562 shares of the issuer. Martin S. Friedman, in his capacity as Managing Member of FJ Capital, has voting and dispositive power over the 314,083 shares of the issuer held by FOF and a separate managed account. Mr. Friedman disclaims beneficial ownership of the Shares reported herein, and this report shall not be deemed an admission of beneficial ownership of such Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Remarks:

On May 18, 2020, Westbury Bancorp, Inc. (WBBW) filed their form 10-K. Subsequently, FJ Capital discovered WBBW had completed a stock repurchase which resulted in FJ Capital exceeding the 10% ownership threshold.

	/s/ Martin Friedman	05/18/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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