Sec Form 4 Filing - GOODALE EDGAR F @ SUFFOLK BANCORP - 2016-05-25

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
GOODALE EDGAR F
2. Issuer Name and Ticker or Trading Symbol
SUFFOLK BANCORP [ SCNB]
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)
C/O SUFFOLK BANCORP, 4 WEST SECOND STREET, PO BOX 9000
3. Date of Earliest Transaction (MM/DD/YY)
05/25/2016
(Street)
RIVERHEAD, NY11901
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
Suffolk Bancorp Common Stock 03/30/2016 L 51.511 A $ 25.48 112,748.491 D
Suffolk Bancorp Common Stock 04/27/2016 L 52.558 A $ 24.9722 112,801.049 D
Suffolk Bancorp Common Stock 05/25/2016 P 50.828 A $ 25.8226 112,851.877 D
Suffolk Bancorp Common Stock 05/25/2016 P V 39.626 A $ 24.187 112,891.503 D
Suffolk Bancorp Common Stock 05/25/2016 A 750 ( 1 ) A $ 0 113,641.503 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
Suffolk Bancorp Option $ 18.14 08/06/2014 08/06/2023 Suffolk Bancorp Common Stock 1,667 1,667 D
Suffolk Bancorp Option $ 18.14 08/06/2015 08/06/2023 Suffolk Bancorp Common Stock 1,667 1,667 D
Suffolk Bancorp Option $ 18.14 08/06/2016 08/06/2023 Suffolk Bancorp Common Stock 1,666 1,666 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GOODALE EDGAR F
C/O SUFFOLK BANCORP
4 WEST SECOND STREET, PO BOX 9000
RIVERHEAD, NY11901
X
Signatures
Jill E. Abbate Power of Attorney for Edgar F. Goodale 05/26/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Award of restricted stock pursuant to the Amended and Restated Suffolk Bancorp 2009 Stock Incentive Plan. These shares shall vest equally over three years commencing one year from the date of grant and one third each year thereafter.

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