SEC FORM 5

SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

BOZEL GARY R

(Last)

(First)

(Middle)

1301 MERRITT BOULEVARD

(Street)

DUNDALK

21222

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PATAPSCO BANCORP INC [ PATD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
06/30/2010

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/19/2005		A4	593⁽¹⁾	A	$13	61,656	D
Common Stock							12,620	I	By Family Partnership
Common Stock							13,989	I	By Partnership
Common Stock							575	I	By Spouse's IRA

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	⁽²⁾	07/01/2006		4A	710		⁽²⁾	⁽²⁾	Common Stock	710	$10.85	2,938	D
Phantom Stock Units	⁽²⁾	07/01/2007		4A	169		⁽²⁾	⁽²⁾	Common Stock	169	$22.8	3,107	D
Phantom Stock Units	⁽²⁾	01/01/2008		4A	280		⁽²⁾	⁽²⁾	Common Stock	280	$13.75	3,387	D
Phantom Stock Units	⁽²⁾	07/31/2008		4A	1,069		⁽²⁾	⁽²⁾	Common Stock	1,069	$8.25	4,456	D

Explanation of Responses:

1. Represents a grant of shares of common stock in lieu of cash as payment of Board fees pursuant to the Patapsco Bancorp, Inc. 2004 Stock Incentive Plan for the 2005 fiscal year.

2. This transaction reflects an award of phantom stock units on the date indicated pursuant to the Patapsco Bancorp, Inc. 2004 Deferral Compensation Plan (the "Plan"). On June 9, 2010, the reporting person filed a Form 4 reporting the settlement of all of his phantom stock units (including the phantom stock units subject to this transaction) for an equal number of shares of Patapsco Bancorp, Inc. common stock as a result of the termination of the Plan. Therefore, as of June 30, 2010, the reporting person did not own any phantom stock units.

Remarks:

	Michael J. Dee, Attorney-in-Fact	07/30/2010
	** Signature of Reporting Person	Date
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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