Sec Form 4 Filing - NASCA DAVID J @ EVANS BANCORP INC - 2020-11-17

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
NASCA DAVID J
2. Issuer Name and Ticker or Trading Symbol
EVANS BANCORP INC [ EVBN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President and CEO
(Last) (First) (Middle)
6460 MAIN STREET
3. Date of Earliest Transaction (MM/DD/YY)
11/17/2020
(Street)
WILLIAMSVILLE, NY14221
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 11/17/2020 A 4,850 ( 1 ) A $ 0 ( 2 ) 78,707.73 ( 3 ) D
Common Stock 210 I by son
Common Stock 198 I by son
Common Stock 144 I by daughter
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
Option (right to buy) $ 25.51 11/17/2020 A 5,676 11/17/2021( 5 ) 11/17/2030 Common Stock 5,676 $ 0 ( 4 ) 5,676 D
Option (right to buy) $ 25.51 11/17/2020 A 6,424 11/17/2021( 5 ) 11/17/2030 Common Stock 6,424 $ 0 ( 4 ) 6,424 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
NASCA DAVID J
6460 MAIN STREET
WILLIAMSVILLE, NY14221
X President and CEO
Signatures
/s/Jessica L. Brosius, Attorney in Fact for David J. Nasca 11/19/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The Restricted Stock shall be vested according to the following schedule, 20% of the shares of Common Stock subject to the Restricted Stock Award will vest on each of the first five anniversaries of the date of the award.
( 2 )The restricted stock awards were granted under an equity incentive compensation plan maintained by Evans Bancorp Inc., and therefore the reporting person paid no price for the restricted stock awards.
( 3 )Amount of beneficially owned shares includes 547 shares acquired under the Evans Bancorp, Inc. Employee Stock Purchase Plan on June 30, 2020 and 445.07 shares acquired under the Evans Bancorp, Inc. Dividend Reinvestment Plan.
( 4 )The option was granted under an equity incentive compensation plan maintained by Evans Bancorp Inc, and therefore the reporting person paid no price for the option.
( 5 )The option vests in five equal annual installments of 20% each, beginning on November 17, 2021.

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).
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