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*
Whitt Katrina
(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)
VP Human Resources
3. Date of Earliest Transaction (Month/Day/Year)
05/05/2021
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 05/05/2021 M 1,000 A $8.2836 9,500 D
PFBI Common Stock 05/05/2021 M 3,572 A $5.4327 13,072 D
PFBI Common Stock 05/05/2021 M 1,750 A $8.2836 14,822 D
PFBI Common Stock 05/05/2021 M 2,750 A $10.4945 17,572 D
PFBI Common Stock 05/05/2021 M 3,094 A $10.7055 20,666 D
PFBI Common Stock 05/05/2021 M 1,967 A $10.8364 22,633 D
PFBI Common Stock 05/05/2021 M 1,050 A $8.5 23,683 D
PFBI Common Stock 05/05/2021 F 5,553 D $19.22 18,130 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) $8.5 05/05/2021 M 1,050 (1) 03/18/2030 PFBI Common 1,050 $0.00 2,100 D
Employee Stock Option (Right to Buy) $15.57 (2) 03/20/2029 PFBI Common 3,150 3,150 D
Employee Stock Option (Right to Buy) $15.12 (3) 03/21/2028 PFBI Common 3,125 3,125 D
Employee Stock Option (Right to Buy) $15.208 (4) 03/15/2027 PFBI Common 3,125 3,125 D
Employee Stock Option (Right to Buy) $10.8364 05/05/2021 M 1,967 (5) 03/16/2026 PFBI Common 1,967 $0.00 1,127 D
Employee Stock Option (Right to Buy) $10.7055 05/05/2021 M 3,094 (6) 03/18/2025 PFBI Common 3,094 $0.00 0 D
Employee Stock Option (Right to Buy) $10.4945 05/05/2021 M 2,750 (7) 03/19/2024 PFBI Common 2,750 $0.00 0 D
Employee Stock Option (Right to Buy) $8.2836 05/05/2021 M 1,000 (8) 03/20/2023 PFBI Common 1,000 $0.00 1,750 D
Employee Stock Option (Right to Buy) (PFBI Common) $8.2836 05/05/2021 M 1,750 (8) 03/20/2023 PFBI Common 1,750 $0.00 0 D
Employee Stock Option (Right to Buy) $5.4327 05/05/2021 M 3,572 (9) 03/21/2022 PFBI Common 3,572 $0.00 0 D
Explanation of Responses:
1. Options vest in three equal annual installments beginning on 03/18/2021.
2. Options vest in three equal annual installments beginning on 03/20/2020.
3. Options vested over three-year period from 03/21/2018 grant date and were fully vested on 03/21/2021.
4. Options vested over three-year period from 03/15/2017 grant date and were fully vested on 03/15/2020.
5. Options vested over three-year period from 03/16/2016 grant date and were fully vested on 03/16/2019.
6. Options vested over three-year period from 03/18/2015 grant date and were fully vested on 03/18/2018.
7. Options vested over three-year period from 03/19/2014 grant date and were fully vested on 03/19/2017.
8. Options vested over three-year period from 03/21/2013 grant date and were fully vested on 03/21/2016.
9. Options vested over three-year period from 03/21/2012 grant date and were fully vested on 03/21/2015.
/s/ Katrina Whitt 05/06/2021
** 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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