Sec Form 4/A Filing - Crowley Michael T Jr @ BANK MUTUAL CORP - 2018-01-22

FORM 4/A 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 Crowley Michael T Jr 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) 4949 WEST BROWN DEER RD. 3. Date of Earliest Transaction (MM/DD/YY) 01/22/2018 (Street) MILWAUKEE, WI53223 4. If Amendment, Date Original Filed (MM/DD/YY) 01/24/2018 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (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 01/22/2018 M 15,000 A $ 5.05 1,586,274 ( 1 ) ( 2 ) D Common Stock 01/22/2018 M 20,000 A $ 3.39 1,606,274 D Common Stock 01/22/2018 M 12,000 A $ 4.82 1,618,274 D Common Stock 01/22/2018 M 8,000 A $ 7.17 1,626,274 D Common Stock 01/22/2018 F 23,631 D $ 10.95 1,602,643 D Common Stock 217,164 I By Trust ( 3 ) Common Stock 141,539 ( 1 ) I By Spouse Common Stock 135,657 ( 1 ) I By Trust ( 4 ) Common Stock 159,858 ( 1 ) ( 2 ) I By 401(k) Plan ( 5 )

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 $ 5.05 01/22/2018 M 15,000 ( 6 ) 01/18/2021 Common Stock 15,000 ( 6 ) 0 D Options to buy $ 3.39 01/22/2018 M 20,000 ( 6 ) 01/17/2022 Common Stock 20,000 ( 6 ) 0 D Options to buy $ 4.82 01/22/2018 M 12,000 ( 6 ) 01/22/2023 Common Stock 12,000 ( 6 ) 0 D Options to buy $ 7.17 01/22/2018 M 8,000 ( 7 ) 01/21/2024 Common Stock 8,000 ( 7 ) 2,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Crowley Michael T Jr 4949 WEST BROWN DEER RD. MILWAUKEE, WI53223 X Signatures /s/Michael T. Crowley, Jr. 01/26/2018 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Includes shares acquired through a dividend reinvestment plan. ( 2 )Reflects distributions from the Bank Mutual Corporation 401(k) Plan and Benefit Restoration Plan that are exempt from reporting. ( 3 )Held as trustee (executor-equivalent) of a trust owning a corrected 441,269 shares of common stock. Mr. Crowley Jr. is a 50% beneficiary of the total assets in the trust. The reported shares exclude 224,105 shares held in the trust for the benefit of, and designated for distribution to, a member of Mr. Crowley Jr.'s family, as to which Mr. Crowley Jr. disclaims any pecuniary interest. ( 4 )As trustee of a family trust. ( 5 )Held in the Bank Mutual Corporation 401(k) Plan. ( 6 )Stock options granted under the 2004 Stock Incentive Plan. The options are fully vested. ( 7 )Stock options granted under the 2004 Stock Incentive Plan. The options (10,000 in the original grant) vest in annual installments of 20% each beginning January 21, 2015.

Remarks: This amended form is filed to correct software errors that resulted in an incorrect year in Box 3 and an incorrect starting amount of securities directly beneficially owned in column 5 of Table I.

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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