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*
HALL R WAYNE
(Last) (First) (Middle)
114 EAST LEXINGTON STREET
(Street)
BALTIMORE MD 21202
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PROVIDENT BANKSHARES CORP [ (PBKS) ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Vice President
3. Date of Earliest Transaction (Month/Day/Year)
02/15/2006
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)
Code V Amount (A) or (D) Price
Common Stock 02/16/2006 F 81 D $36.3 6,625(1) D
Common Stock 02/15/2006 A 611 A $0 611 I By Stock Award II(2)
Common Stock 247.241 I By 401(k)(3)
Common Stock 600 I By Stock Award(1)(4)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Options (right to buy) $36 02/15/2006 A 3,240 02/15/2007(5) 02/15/2014 Common Stock 3,240 $0 3,240 D
Non-Qualified Stock Option (right to buy) $27.76 02/13/1998(6) 02/13/2008 Common Stock 6,079 6,079 D
Non-Qualified Stock Option (right to buy) $18.19 10/20/2000(7) 10/20/2009 Common Stock 6,615 6,615 D
Non-Qualified Stock Option (right to buy) $13.15 06/21/2001(7) 06/21/2010 Common Stock 7,350 7,350 D
Non-Qualified Stock Option (right to buy) $24.68 01/16/2003(8) 01/16/2012 Common Stock 5,000 5,000 D
Non-Qualified Stock Option (right to buy) $24.73 03/20/2003(7) 03/20/2012 Common Stock 10,000 10,000 D
Non-Qualified Stock Option (right to buy) $33.66 02/16/2006(9) 02/16/2013 Common Stock 6,000 6,000 D
Non-Qualified Stock Option (right to buy) $23.51 02/19/2004(10) 02/19/2013 Common Stock 10,000 10,000 D
Non-Qualified Stock Options (right-to-buy) $32.22 02/18/2004(11) 02/18/2014 Common Stock 10,000 10,000 D
Explanation of Responses:
1. Since the reporting person's last report 200 shares have vested and are now owned directly.
2. Stock Awards granted pursuant to the Provident Bankshares Corporation 2004 Equity Compensation Plan vest in four annual installments commencing on February 15, 2007.
3. This form reflects increases in beneficial ownership resulting from exempt acquisitions under a 401(k) plan pursuant tor Rule 16b-3(c).
4. Stock Awards granted pursuant to the Provident Bankshares Corporation 2004 Equity Compensation Plan vest in four annual installments commencing on February 16, 2006.
5. Stock Options granted pursuant to the Provident Bankshares Corporation 2004 Equity Compensation Plan vest in four annual installments commencing on February 15, 2007.
6. Non-Qualified Stock Options granted pursuant to the Provident Bankshares Corporation Amended and Restated Stock Option Plan are fully vested and exercisable as of February 13, 1998.
7. Non-Qualified Stock Options are fully vested and exercisable.
8. Non-Qualified Stock Options granted pursuant to the Provident Bankshares Corporation Amended and Restated Stock Option Plan are fully vested and exercisable as of January 16, 2005.
9. Stock Options granted pursuant to the Provident Bankshares Corporation 2004 Equity Compensation Plan vest in four annual installments commencing on February 16, 2006.
10. Non-Qualified Stock Options granted pursuant to the Provident Bankshares Corporation Amended and Restated Stock Option Plan are fully vested and exercisable as of February 19, 2005.
11. Non-Qualified Stock Options granted pursuant to the Provident Bankshares Corporation Amended and Restated Stock Option Plan vest in three equal annual installments commencing on February 18, 2004.
Remarks:
By: Robert L. Davis, Power of Attorney 02/17/2006
** 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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