Kozlowski Damian Form 4 Bancorp / Damian Kozlowski 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^*

Kozlowski Damian

(Last) (First) (Middle)

C/O THE BANCORP, INC.

409 SILVERSIDE ROAD SUITE 105

(Street)

WILMINGTON DE 19809

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2021

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	08/17/2021		M		300,000	A	$6.75	866,311	D
Common Stock	08/17/2021		S(4)		26,703	D	$24.5307(1)	839,608	D
Common Stock	08/18/2021		S(4)		104,397	D	$24.6289(2)	735,211	D
Common Stock	08/19/2021		S(4)		168,900	D	$23.1307(3)	566,311	D
Common Stock								15,337	I	By 401k plan account
Common Stock								2,230	I	By son
Common Stock								2,230	I	By son

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 Option	$6.75	08/17/2021		M			300,000	06/01/2016	06/01/2026	Common Stock	300,000	$0	0	D

Explanation of Responses:

1. The Reporting Person sold a total of 26,703 shares at prices ranging from $24.19 to $25.16 for an average price of $24.5307.

2. The Reporting Person sold a total of 104,397 shares at prices ranging from $24.07 to $24.81 for an average price of $24.6289.

3. The Reporting Person sold a total of 168,900 shares at prices ranging from $22.80 to $24.13 for an average price of $23.1307.

4. The majority of the proceeds will be used over time to satisfy divorce decree, which includes the prepayment of mortgage debt (approximately $1.22 million) and direct monetary payments, as well as other expenses such as taxes and college tuition delineated in settlement. The remaining proceeds may be used for a new primary residence, and could include the future prepayment of mortgage debt and/or down payment and various other residence related expenses including taxes, insurance and closing costs.

	/s/ Paul Frenkiel, attorney-in-fact	08/19/2021
	** 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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