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^*

RESSLER PETER J

(Last)

(First)

(Middle)

2900 ARCONA ROAD

(Street)

MECHANICSBURG

17055

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Secretary to the Board

3. Date of Earliest Transaction (Month/Day/Year)
03/21/2005

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	V	11,559	A	$0⁽³⁾	23,082	D
Common Stock	03/21/2005		G		267	D	$0⁽²⁾	22,815	D
Common Stock	02/25/2005		J	V	578	A	$0⁽³⁾	1,156	I	Katherine Widmer, Wife
Common Stock	02/25/2005		J	V	17,867	A	$0⁽³⁾	35,734⁽¹⁾	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 (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)
Incentive Stock Option (Right to Buy)	$3.55	02/25/2005		J	V	1,796		11/17/1996	11/17/2005	Common Stock	1,796	$0	3,591	D
Incentive Stock Option (Right to Buy)	$6.85	02/25/2005		J	V	1,796		11/15/1997	11/15/2006	Common Stock	1,796	$0	3,591	D
Incentive Stock Option (Right to Buy)	$2.37	02/25/2005		J	V	1,796		11/21/1998	11/21/2007	Common Stock	1,796	$0	3,591	D
Incentive Stock Option (Right to Buy)	$2.09	02/25/2005		J	V	1,796		11/21/1998	11/21/2007	Common Stock	1,796	$0	3,591	D
Incentive Stock Option (Right to Buy)	$10.66	02/25/2005		J	V	1,796		11/21/1998	11/21/2007	Common Stock	1,796	$0	3,591	D
Incentive Stock Option (Right to Buy)	$10.73	02/25/2005		J	V	1,796		11/20/1999	11/20/2008	Common Stock	1,796	$0	3,591	D
Incentive Stock Option (Right to Buy)	$9.11	02/25/2005		J	V	1,796		11/19/2000	11/19/2009	Common Stock	1,796	$0	3,591	D
Incentive Stock Option (Right to Buy)	$12.13	02/25/2005		J	V	1,796		11/17/2001	11/17/2010	Common Stock	1,796	$0	3,591	D
Incentive Stock Option (Right to Buy0	$15.55	02/25/2005		J	V	1,796		11/16/2002	11/16/2011	Common Stock	1,796	$0	3,591	D
Incentive Stock Option (Right to Buy)	$17.98	02/25/2005		J	V	1,796		02/21/2004	02/21/2013	Common Stock	1,796	$0	3,591	D
Incentive Stock Option (Right to Buy)	$25.38	02/25/2005		J	V	1,796		02/20/2005	02/20/2014	Common Stock	1,796	$0	3,591	D
Incentive Stock Option (Right to Buy0	$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 FBO Mr. Ressler through Mette Evans & Woodside Pension Plan

2. No price - shares were gifted

3. No Price - Stock Split

Remarks:

J - Reflects Stock Split paid February 2005

	Peter J. Ressler	03/22/2005
	** 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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