Pilgrim Bancshares (PLRM) Form 4/A Pilgrim Bancshares / Christopher G McCourt 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^*

McCourt Christopher G

(Last) (First) (Middle)

40 SOUTH MAIN STREET

(Street)

COHASSET MA 02025

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Pilgrim Bancshares, Inc. [ PLRM ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP, Treasurer & CFO

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)
01/30/2018

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	01/23/2018		A		2,000	A	$0.00	13,645(1)	D
Common Stock								200	I	By Spouse
Common Stock								650	I	By Spouse IRA
Common Stock								1,381(4)	I	By ESOP
Common Stock								12,935	I	By 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	$19.3	01/23/2018		A		10,000(3)		01/23/2019	01/22/2028	Common Stock	10,000(3)	$0.00	10,000(3)	D
Stock Options	$12.85							06/01/2017	06/01/2026	Common Stock	18,000(2)		18,000(2)	D

Explanation of Responses:

1. Includes shares of restricted stock. 10,000 shares of restricted stock vest at a rate of 20% per year commencing on June 1, 2017. 2,000 shares of restricted stock vest at a rate of 20% per year commencing on January 23, 2018.

2. Stock options vest at a rate of 20% per year commencing on June 1, 2017.

3. Stock options vest at a rate of 20% per year commencing on January 23, 2019.

4. Reflects transactions not required to be reported pursuant to Section of the Securities Exchange Act of 1934, as amended.

Remarks:

	/s/Christopher G. McCourt	02/14/2018
	** 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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