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^*

STONER CHRISTY D

(Last)

(First)

(Middle)

PO BOX 338

132 NORTH FIRST STREET

(Street)

ALBEMARLE

28002-0338

(City)

(State)

(Zip)

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)	X	Other (specify below)
	Pres/CEO Strategic Alliance		EVP, Uwharrie Capital Corp

3. Date of Earliest Transaction (Month/Day/Year)
12/03/2004

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 (See Footnote 1)⁽¹⁾	12/03/2004		J⁽²⁾	V	636	A	$0.00⁽³⁾	21,848	D
Common Stock (See Footnote 4)⁽⁴⁾	12/03/2004		J⁽²⁾	V	49	A	$0.00⁽³⁾	1,687	I	By Self As Custodian for Minor Daughter
Common Stock (See Footnote 5)⁽⁵⁾								3,606.999	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)
Stock Options (Right to Purchase)	$4.711⁽⁷⁾	12/03/2004		J⁽²⁾	V	209		04/21/1998⁽⁶⁾	04/21/2008	Common Stock	209	$0.00⁽³⁾	7,165	D
Stock Options (Right to Purchase)	$4.744⁽⁷⁾	12/03/2004		J⁽²⁾	V	2,343		11/29/1999⁽⁸⁾	11/29/2009	Common Stock	2,343	$0.00⁽³⁾	80,453	D

Explanation of Responses:

1. Held by Cede & Co., Depository for Fiserv Securities, Inc., Safekeeper for Christy D. Stoner

2. Shares acquired as a result of a three percent (3%) stock dividend paid to shareholders of Uwharrie Capital Corp on 12/03/2004 as of Record Date 11/19/2004. No fractional shares were issued. Shareholders were paid cash in lieu of fractional shares.

3. No money was paid by the shareholder(s) for the acquired shares. The shares were acquired as a result of a three percent (3%) stock dividend paid to shareholders of Uwharrie Capital Corp on 12/03/2004 as of Record Date 11/19/2004.

4. Held by Cede & Co., Depository for Fiserv Securities, Inc., Safekeeper for Christy D. Stoner Custodian for Minor Daughter

5. Held by Uwharrie Capital Corp Employee Stock Ownership Plan for Christy D. Stoner

6. Incentive Stock Options granted 04/21/1998 were 100% vested as of date of grant.

7. Option price adjusted as a result of a three percent (3%) stock dividend paid to shareholders of Uwharrie Capital Corp on 12/03/2004 as of Record Date 11/19/2004.

8. Incentive Stock Options granted 11/29/1999 vest in four unequal annual installments beginning 11/29/1999.

	Christy D. Stoner by Tamara M. Singletary, EVP, Uwharrie Capital Corp	12/03/2004
	** 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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