Sec Form 4 Filing - MILLER ROBERT G JR @ EVANS BANCORP INC - 2020-12-18

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
MILLER ROBERT G JR
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
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
6460 MAIN STREET
3. Date of Earliest Transaction (MM/DD/YY)
12/18/2020
(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 12/18/2020 M 1,130 A $ 14 73,008.56 ( 1 ) D
Common Stock 12/18/2020 S 1,130 D $ 28.984 ( 2 ) 71,878.56 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
Option (right to buy) $ 14 12/18/2020 M 1,130 03/15/2012( 3 ) 03/15/2021 Common Stock 1,130 $ 0 1,068 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MILLER ROBERT G JR
6460 MAIN STREET
WILLIAMSVILLE, NY14221
X
Signatures
/s/Jessica L. Brosius, Attorney in Fact for Robert G. Miller, Jr. 12/21/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Balance includes 111.02 shares acquired under the Evans Bancorp, Inc. Dividend Reinvestment Plan.
( 2 )The 1,130 shares were sold at an average price of $28.984. The breakdown of this transaction is as follows, 300 shares at $29.00, 243 shares at $28.9, 180 shares at $29.02, 150 shares at $28.91, 64 shares at $29.01, 50 shares at $28.92, 50 shares at $29.05, 50 shares at $29.19, 36 shares at $29.22 and 7 shares at $28.93.
( 3 )The Stock Options shall be exercisable according to the following schedule, 25% of the shares of Common Stock subject to the Stock Option will vest on each of the first four anniversaries of the date of grant.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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