Sec Form 4 Filing - BAR HARBOR BANKSHARES @ BAR HARBOR BANKSHARES - 2005-11-10

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 BAR HARBOR BANKSHARES 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 X __ Officer (give title below) _____ Other (specify below) Chief Financial Offer (Last) (First) (Middle) 82 MAIN ST, PO BOX 400 3. Date of Earliest Transaction (MM/DD/YY) 11/10/2005 (Street) BAR HARBOR, ME04609-0400 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 11/10/2005 10/10/2005 M( 1 ) 750 A $ 15.4 2,609 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 Incentive Stock Option $ 15.4 11/10/2005 10/10/2005 M( 1 ) 750 06/20/2002 06/20/2011 Common Stock 15,000 $ 0 13,750 D Incentive Stock Option $ 18.5 11/10/2005 M( 2 ) 0 08/20/2003 08/20/2012 Common Stock 5,000 $ 0 19,500 D Incentive Stock Option $ 22.7 11/10/2005 M( 3 ) 0 09/16/2004 09/16/2013 Common Stock 5,000 $ 0 24,500 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other BAR HARBOR BANKSHARES 82 MAIN ST PO BOX 400 BAR HARBOR, ME04609-0400 Chief Financial Offer Signatures Gerald Shencavitz 11/10/2005 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Grant of Incentive Stock Options to acquire 15,000 shares of Bar Harbor Bankshares common stock under the Bar Harbor Bankshares (and subsidiares) Incentive Stock Option Plan of 2000. Options become exercisable with respect to 2148 shares on 6-20-02 and 6 annual increments of 2142 shares beginning on 6-20-03 at an option price of $15.40 per share. These options expire on 6/20/2011. ( 2 )Grant of Incentive Stock Options to acquire 5,000 shares of Bar Harbor Bankshares common stock under Bar Harbor Bankshares (and subsidiares) Incentive Stock Option Plan 2000. Options become exercisable with respect to 1,000 shars on 08-20-2003 and in 4 annual increments of 1,000 shres starting on 8/20/2004. These options are at a price of $18.50 per share and expire on 8/20/2012. ( 3 )Grant of Incentive Stock Options to acquire 5,000 shares of Bar Harbor Bankshares common stock under Bar Harbor Bankshares (and subsidiaries) Incentive Stock Option Plan of 2000. Options become exercisable with respects to 1000 shares on 9-16-2004 and in 4 annual equal increments of 1,000 shares starting on 9/16/2005. These optins are at an option price of $22.70 per share and expire on 9-16-2013.

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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