Sec Form 4 Filing - MISTRY SANJAY V @ UWHARRIE CAPITAL CORP - 2005-08-31

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 MISTRY SANJAY V 2. Issuer Name and Ticker or Trading Symbol UWHARRIE CAPITAL CORP [ NONE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President, CB&T Company (Last) (First) (Middle) PO BOX 338, 132 NORTH FIRST STREET 3. Date of Earliest Transaction (MM/DD/YY) 08/31/2005 (Street) ALBEMARLE, NC28002-0338 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 (See Footnote 1) ( 1 ) 867.478 D Common Stock (See Footnote 2) ( 2 ) 778 D Common Stock (See Footnote 3) ( 3 ) 318 I By Spouse As Custodian for Minor Daughter Common Stock (See Footnote 3) ( 3 ) 318 I By Spouse As Custodian for Minor Daughter Common Stock (Held by Self) 08/31/2005 M 38,303 A $ 5.033 38,303 D Common Stock (Held by Self) 08/31/2005 D 38,303 D $ 6.15 0 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 Stock Options (Right to Purchase) $ 5.033 08/31/2005 M 38,303 03/01/2003( 4 ) 02/28/2012 Common Stock 38,303 ( 5 ) 25,535 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other MISTRY SANJAY V PO BOX 338 132 NORTH FIRST STREET ALBEMARLE, NC28002-0338 President, CB&T Company Signatures Sanjay V. Mistry by Tamara M. Singletary, EVP, Uwharrie Capital Corp 08/31/2005 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Held by Uwharrie Capital Corp Employee Stock Ownership Plan for Sanjay V. Mistry ( 2 )Held by Cede & Co., Depository for Pershing LLC as Custodian FBO Sanjay V. Mistry - IRA ( 3 )Held by Spouse as Custodian for Minor Daughter ( 4 )Incentive Stock Options granted 03/01/2002 vest in five equal annual installments beginning 03/01/2003. ( 5 )Price of Derivative Security (Column 8, Table II) is left blank because the transaction is an exercise of a derivative security. The excercise price is reported in Column 2, Table II. (See Form 4 General Instructions, Item 4(c)(iii).)

Remarks: Note: Effective 08-31-2005 Sanjay V. Mistry resigns as Executive Officer of Cabarrus Bank & Trust Company (a subsidiary of Uwharrie Capital Corp) and is no longer a reporting person.

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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