Sec Form 4 Filing - Pivirotto Charles J @ Clifton Bancorp Inc. - 2017-08-22

Every director, officer or owner of more than ten percent of a class of equity securities registered under Section 12 of the '34 Act must file with the U.S. Securities and Exchange Commission (SEC) a statement of ownership regarding such security.

Form 4: Statement of changes in beneficial ownership, filed before the end of the 2nd business day following the day on which a transaction resulting in a change in beneficial ownership.

"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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The following is an SEC EDGAR document rendered as filed.
Here is the list of insider trading transaction codes.

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 *
Pivirotto Charles J
2. Issuer Name and Ticker or Trading Symbol
Clifton Bancorp Inc. [ CSBK]
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)
1433 VAN HOUTEN AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
08/22/2017
(Street)
CLIFTON, NJ07015
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 08/22/2017 M 6,405 A $ 9.03 21,164 D
Common Stock 08/22/2017 M 1,000 A $ 9.03 22,164 D
Common Stock 08/22/2017 S 6,405 D $ 15.7418 ( 1 ) 15,759 D
Common Stock 08/23/2017 M 18,373 A $ 9.03 34,132 D
Common Stock 08/23/2017 S 18,373 D $ 15.4974 ( 2 ) 15,759 D
Common Stock 5,000 I By Pivirotto & Co CPA 401(k)
Common Stock 21,836 I By Stock Award ( 3 )
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
Stock Option $ 9.03 08/22/2017 M 1,000 05/26/2011( 4 ) 05/26/2020 Common Stock 1,000 $ 0 71,453 D
Stock Option $ 9.03 08/22/2017 M 6,405 05/26/2011( 4 ) 05/26/2020 Common Stock 6,405 $ 0 65,048 D
Stock Option $ 9.03 08/23/2017 M 18,373 05/26/2011( 4 ) 05/26/2020 Common Stock 18,373 $ 0 46,675 D
Stock Option $ 13.84 09/02/2016( 5 ) 09/02/2025 Common Stock 68,238 68,238 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Pivirotto Charles J
1433 VAN HOUTEN AVENUE
CLIFTON, NJ07015
X
Signatures
Christine R. Piano, Power of Attorney 08/24/2017
** Signature of Reporting Person Date
Explanation of Responses:
( 1 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.70 to $15.85, inclusive. The reporting person undertakes to provide to Clifton Bancorp Inc., any security holder of Clifton Bancorp Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
( 2 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.45 to $15.60, inclusive. The reporting person undertakes to provide to Clifton Bancorp Inc., any security holder of Clifton Bancorp Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
( 3 )Stock Awards granted pursuant to the Clifton Bancorp Inc. 2015 Equity Incentive Plan vest in five approximately equal annual installments commencing on September 2, 2016.
( 4 )Non-Statutory Stock Options granted pursuant to the Clifton Savings Bancorp, Inc. 2005 Equity Incentive Plan are fully vested and exercisable.
( 5 )Stock Options granted pursuant to the Clifton Bancorp Inc. 2015 Equity Incentive Plan vest in five approximately equal annual installments commencing on September 2, 2016.

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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