Pilgrim Bancshares (PLRM) Form 4 Pilgrim Bancshares / Francis E Campbell 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^*

Campbell Francis E

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/31/2019

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	12/31/2018		A		706	A	$22.84	3,679	I	By ESOP
Common Stock	01/31/2019		U		18,455	D	(1)	0	D
Common Stock	01/31/2019		U		600	D	(1)	0	I	By Child
Common Stock	01/31/2019		U		1,000	D	(1)	0	I	By Trust
Common Stock	01/31/2019		U		600	D	(1)	0	I	By Spouse IRA
Common Stock	01/31/2019		U		900	D	(1)	0	I	As Custodian for child
Common Stock	01/31/2019		U		16,750	D	(1)	0	I	By IRA
Common Stock	01/31/2019		U		3,679	D	(1)	0	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	$12.85	01/31/2019		U			36,000(2)	06/01/2017	06/01/2026	Common Stock	0(2)	$0	0(2)	D

Explanation of Responses:

1. Each share of common stock was converted into and became exchangeable for the right to receive $23.00 in cash pursuant to an agreement and plan of merger between Pilgrim Bancshares, Inc. and Hometown Financial Group

2. Each stock option was converted into and became exchangeable for the right to receive $23.00 in cash less the option exercise price pursuant to an agreement and plan of merger between Pilgrim Bancshares, Inc. and Hometown Financial Group.

Remarks:

	/s/Francis E. Campbell	01/31/2019
	** 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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