Sec Form 4 Filing - READ DEAN S @ BAR HARBOR BANKSHARES - 2005-04-15

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 READ DEAN S 2. Issuer Name and Ticker or Trading Symbol BAR HARBOR BANKSHARES [ BHB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) X __ Other (specify below) Former Officer (Last) (First) (Middle) P O BOX 343, 4 OLD GARDEN WAY 3. Date of Earliest Transaction (MM/DD/YY) 04/15/2005 (Street) BAR HARBOR, ME04609 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 Bar Harbor Bankshares 04/15/2005 04/15/2005 M 14,900 A $ 15.4 22,201 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 (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 Common Stock ( 1 ) $ 15.4 04/15/2005 M 2,050 06/20/2002( 2 ) 06/20/2011 common stock 2,050 $ 0 12,850 D common stock $ 15.4 04/15/2005 M 6,425 06/20/2003( 3 ) 06/20/2011 common stock 6,425 $ 0 6,425 D common stock $ 15.4 04/15/2005 M 6,425 06/20/2004( 4 ) 06/20/2011 common stock 6,425 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other READ DEAN S P O BOX 343 4 OLD GARDEN WAY BAR HARBOR, ME04609 Former Officer Signatures Dean S. Read 04/15/2005 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Grant of Incentive Stock Options to acquire Bar Harbor Bankshares connom stock under Bar Harbor Bankshares (and subsidiaries) Incentive Stock Options Plan of 2000. ( 2 )This option became exercisable with respect to 2,050 shares on June 20, 2002. ( 3 )The option became exercisable with respect to 6,425 shares on June 20, 2003. ( 4 )The option became exercisable with respect to 6,425 shares on June 20, 2004.

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.
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