SEC FORM 4

SEC Form 4

FORM 4

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
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).

1. Name and Address of Reporting Person^*

SROUJI SAMIR J

(Last)

(First)

(Middle)

105 OAKWOOD DRIVE

(Street)

WORMLEYSBURG

17043

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PENNSYLVANIA COMMERCE BANCORP INC [ COBH ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/05/2005

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 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	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	02/25/2005		J		37,824	A	⁽²⁾	76,845	D
Common Stock	02/25/2005		J		12,392	A	⁽²⁾	24,784⁽¹⁾	D
Common Stock	02/25/2005		J		11,375	A	⁽²⁾	23,428⁽³⁾	I	Gillian Srouji, Wife
Common Stock	07/05/2005		L		60	A	$33.67	23,488	I	Gillian Srouji, Wife
Common Stock	07/11/2005		G	V	60	D	⁽⁴⁾	23,428	I	Gillian Srouji, Wife

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)	Code	V	(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)
Directors Stock Option (Right to Buy)	$4.03	02/25/2005		J		1,796		01/15/1997	01/15/2006	Common Stock	1,796	$0	3,591	D
Directors Stock Option (Right to Buy)	$6.94	02/25/2005		J		1,796		01/15/1998	01/15/2007	Common Stock	1,796	$0	3,591	D
Directors Stock Option (Right to Buy)	$10.13	02/25/2005		J		1,796		01/15/1999	01/15/2008	Common Stock	1,796	$0	3,591	D
Directors Stock Option (Right to Buy)	$11.57	02/25/2005		J		1,796		01/15/2000	01/15/2009	Common Stock	1,796	$0	3,591	D
Directors Stock Option (Right to Buy)	$6.93	02/25/2005		J		1,796		01/15/2001	01/15/2010	Common Stock	1,796	$0	3,591	D
Directors Stock Option (Right to Buy)	$12.13	02/25/2005		J		1,796		01/15/2002	01/15/2011	Common Stock	1,796	$0	3,591	D
Directors Stock Option (Right to Buy)	$16.41	02/25/2005		J		1,796		01/15/2003	01/15/2012	Common Stock	1,796	$0	3,591	D
Directors Stock Option (Right to Buy)	$17.98	02/25/2005		J		1,796		02/21/2004	02/21/2013	Common Stock	1,796	$0	3,591	D
Directors Stock Option (Right to Buy)	$25.38	02/25/2005		J		1,796		02/20/2005	02/20/2014	Common Stock	1,796	$0	3,591	D
Directors Stock Option (Right to Buy)	$33.5	02/18/2005		A		3,000		02/18/2006	02/18/2015	Common Stock	3,000	$0	3,000	D

Explanation of Responses:

1. These shares are in the name of Plastic Surgery P.C. for Samir Srouji, M.D. Self Directed Pension and Profit Sharing Plan.

2. No Price - 2 for 1 stock split

3. Reporting Person disclaims beneficial ownership of 678 shares held by Gillian Srouji.

4. No Price - Shares were gifted.

Remarks:

J - Represents shares aquired through 2-for-1 split paid in February 2005.

	Samir J. Srouji	07/14/2005
	** 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).
** 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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