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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* CHASE BRIEN M (Last) (First) (Middle) C/O PREMIER FINANCIAL BANCORP, INC. 2883 5TH AVENUE (Street) HUNTINGTON WV 25702 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol PREMIER FINANCIAL BANCORP INC [ PFBI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Chief Financial Officer
	3. Date of Earliest Transaction (Month/Day/Year) 02/20/2008
	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
PFBI Common Stock								248.147(7)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$12.92	02/20/2008		A		5,000		(1)	02/20/2018	PFBI Common	5,000	$12.92	5,000	D
Employee Stock Option (Right to Buy)	$14.22							(2)	01/17/2017	PFBI Common	2,500		2,500	D
Employee Stock Option (Right to Buy)	$16							(3)	02/15/2016	PFBI Common	2,500		2,500	D
Employee Stock Option (Right to Buy)	$11.62							(4)	01/19/2015	PFBI Common	2,500		2,500	D
Employee Stock Option (Right to Buy)	$9.3							(5)	02/18/2014	PFBI Common	2,000		2,000	D
Employee Stock Option (Right to Buy)	$7.96							(6)	01/15/2013	PFBI Common	2,000		2,000	D

Explanation of Responses:

1. Options vest in three equal annual installments beginning on 02/20/2009.

2. Options vest in three equal annual installments beginning on 01/17/2008.

3. Options vest in three equal annual installments beginning on 02/15/2007

4. Options vested over three-year period from 01/19/2005 grand date and were fully vested on 01/19/2008.

5. Options vested over three-year period from 02/18/2004 grant date and were fully vested on 02/18/2007.

6. Options vested over three-year period from 01/15/2003 grant date and were fully vested on 01/15/2006

7. Based upon a statement dated December 31, 2007, the reporting person owned 248.147 shares of PFBI Common Stock. Increases from the previous Form 4 were the result of automated dividend reinvestment purchases.

Remarks:

	/s/ Brien M. Chase	02/21/2008
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.