SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person*
Friedman Martin S.

(Last) (First) (Middle)
1313 DOLLEY MADISON BLVD STE 306

(Street)
MCLEAN VA 22101

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2016
3. Issuer Name and Ticker or Trading Symbol
West End Indiana Bancshares, Inc. [ WEIN ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) X Other (specify below)
See Remarks below
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 6,698 D
Common Stock 104,792 I See footnote(1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Friedman Martin S.

(Last) (First) (Middle)
1313 DOLLEY MADISON BLVD STE 306

(Street)
MCLEAN VA 22101

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
See Remarks below
1. Name and Address of Reporting Person*
FJ Capital Management LLC

(Last) (First) (Middle)
1313 DOLLEY MADISON BLVD.
SUITE 306

(Street)
MCLEAN VA 22101

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
See Remarks below
Explanation of Responses:
1. Martin S Friedman (the "Reporting Person") is the managing member of FJ Capital Management LLC ("FJ Capital"), which is the Managing Member of Financial Opportunity Fund LLC ("FOF") which holds 102,703 shares of the issuer. Martin S. Friedman, in his capacity as Managing Member of FJ Capital, has voting and dispositive power over the 102,703 shares of the issuer held by FOF. Andrew Jose is a founding member of FJ Capital and owns 2,089 shares of the issuer. Andrew Jose has dispositive power on the 102,703 share of the issuer held by FOF. Mr. Friedman disclaims beneficial ownership of the Shares reported herein except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission of beneficial ownership of such Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Remarks:
Item #4 on page 1 of 2: Relationship of Reporting Person(s) to Issuer, Other: On April 1, 2016, West End Indiana Bancshares, Inc. (WEIN) filed their form 10-K. Subsequently, FJ Capital discovered WEIN had completed a stock repurchase which resulted in FJ Capital exceeding the 10% ownership threshold.
Martin Friedman 04/19/2016
** 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 5 (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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