Sec Form 4 Filing - HERR MARK C @ BANK MUTUAL CORP - 2013-06-12

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
HERR MARK C
2. Issuer Name and Ticker or Trading Symbol
BANK MUTUAL CORP [ BKMU]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
BANK MUTUAL CORPORATION, 4949 W. BROWN DEER RD.
3. Date of Earliest Transaction (MM/DD/YY)
06/12/2013
(Street)
MILWAUKEE, WI53223
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 06/13/2013 S 3,395 D $ 5.5443 28,586 I In trust ( 1 )
Common Stock 06/12/2013 S 805 D $ 5.64 31,981 I In trust ( 1 )
Common Stock 9,583 D
Common Stock 6,427 I In trust ( 2 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Options to buy $ 10.673 ( 3 ) 05/03/2014 Common Stock 80,000 80,000 D
Options to buy $ 5.05 ( 4 ) 01/18/2021 Common Stock 15,000 15,000 D
Options to buy $ 3.39 ( 5 ) 01/17/2022 Common Stock 15,000 15,000 D
Options to buy $ 4.82 ( 6 ) 01/22/2023 Common Stock 11,000 11,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HERR MARK C
BANK MUTUAL CORPORATION
4949 W. BROWN DEER RD.
MILWAUKEE, WI53223
X
Signatures
/s/Michael T. Crowley, Jr., POAfor Mark C. Herr 06/13/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )As trustee of the Herr-Huebner Revocable Trust.
( 2 )As trustee of the Mark Herr & Sarah Herr Revocable Living Trust.
( 3 )Directors Stock Option. The option is fully vested.
( 4 )Stock option granted under the 2004 Stock Incentive Plan. The options (15,000 in the original grant) vest in annual installments of 20% each beginning January 18, 2012.
( 5 )Stock option granted under the 2004 Stock Incentive Plan. The options (15,000 in the original grant) vest in annual installments of 20% each beginning January 17, 2013.
( 6 )Stock option granted under the 2004 Stock Incentive Plan. The options (11,000 in the original grant) vest in annual installments of 20% each beginning January 22, 2014.

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* 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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