SEC FORM 4

SEC FORM 4 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

OMB APPROVAL

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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^*

Mineer Michael Ray

(Last)

(First)

(Middle)

10 SECOND STREET

(Street)

VANCEBURG

41179

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PREMIER FINANCIAL BANCORP INC [ PFBI ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2021

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
PFBI Common	01/27/2021		M		11,000	A	$5.0545	39,990	D
PFBI Common	01/27/2021		M		11,000	A	$5.4327	50,990	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)	$8.5							⁽¹⁾	03/18/2030	PFBI Common	6,300		6,300	D
Employee Stock Option (Right to Buy)	$15.57							⁽²⁾	03/20/2029	PFBI Common	6,300		6,300	D
Employee Stock Option (Right to Buy)	$15.12							⁽³⁾	03/21/2028	PFBI Common	6,250		6,250	D
Employee Stock Option (Right to Buy)	$15.208							⁽⁴⁾	03/15/2027	PFBI Common	6,250		6,250	D
Employee Stock Option (Right to Buy) (PFBI Common)	$10.8364							⁽⁵⁾	03/16/2026	PFBI Common	6,875		6,875	D
Employee Stock Option (Right to Buy)	$10.7055							⁽⁶⁾	03/18/2025	PFBI Common	6,875		6,875	D
Employee Stock Option (Right to Buy)	$10.4945							⁽⁷⁾	03/19/2024	PFBI Common	6,875		6,875	D
Employee Stock Option (Right to Buy)	$8.2836							⁽⁸⁾	03/20/2023	PFBI Common	6,875		6,875	D
Employee Stock Option (Right to Buy)	$5.4327	01/27/2021		M			11,000	⁽⁹⁾	03/21/2022	PFBI Common	11,000	$0.00	0	D
Employee Stock Option (Right to Buy)	$5.0545	01/27/2021		M			11,000	⁽¹⁰⁾	03/16/2021	PFBI Common	11,000	$0.00	0	D

Explanation of Responses:

1. Options vest in three equal annual installments beginning on 03/18/2021.

2. Options vest in three equal annual installments beginning on 03/20/2020.

3. Options vest in three equal annual installments beginning on 03/21/2019.

4. Options vested over three-year period from 03/15/2017 grant date and were fully vested on 03/15/2020.

5. Options vested over three-year period from 03/16/2016 grant date and were fully vested on 03/16/2019.

6. Options vested over three-year period from 03/18/2015 grant date and were fully vested on 03/18/2018.

7. Options vested over three-year period from 03/19/2014 grant date and were fully vested on 03/19/2017.

8. Options vested over three-year period from 03/20/2013 grant date and were fully vested on 03/20/2016.

9. Options vested over three-year period from 03/21/2012 grant date and were fully vested on 03/21/2015.

10. Options vested over three-year period from 03/16/2011 grant date and were fully vested on 03/16/2014.

	/s/ Michael R. Mineer	01/28/2021
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

SEC Form 4: Ray Michael Mineer exercised 22,000 units of PFBI Common at a strike of $5.24, increasing ownership by 76% to 50,990 units