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*
TABAS DANIEL M

(Last) (First) (Middle)
543 MULBERRY LANE

(Street)
HAVERFORD PA 19041

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ROYAL BANCSHARES OF PENNSYLVANIA INC [ rbpaa ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) X Other (specify below)
Chairman of the Board
3. Date of Earliest Transaction (Month/Day/Year)
10/15/2003
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
Royal Bancshares of Pennsylvania class a common 10/15/2003 M 53,515 A $25.85 53,515 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
Royal Bancshares of Pennsylvania employee stock options $10.159 10/15/2003 M 10,151 04/23/2002 04/23/2007 Royal Bancshares of Pennsylvania class a common 10,151 $25.85 43,364 D
Royal Bancshares of Pennsylvania employee stock options $15.327 10/15/2003 M 9,762 04/23/2003 04/23/2008 Royal Bancshares of Pennsylvania class a common 9,762 $25.85 33,602 D
Royal Bancshares of Pennsylvania employee stock options $11.785 10/15/2003 M 7,510 04/23/2003 04/23/2010 Royal Bancshares of Pennsylvania class a common 7,510 $25.85 26,092 D
Royal Bancshares of Pennsylvania employee stock options $13.06 10/15/2003 M 5,158 04/23/2003 04/23/2011 Royal Bancshares of Pennsylvania class a common 5,158 $25.85 20,934 D
Royal Bancshares of Pennsylvania employee stock options $13.263 10/15/2003 M 14,224 04/23/2003 04/23/2012 Royal Bancshares of Pennsylvania class a common 14,224 $25.85 6,710 D
Royal Bancshares of Pennsylvania employee stock options $19.952 10/15/2003 M 6,710 04/23/2003 04/23/2012 Royal Bancshares of Pennsylvania class a common 6,710 $25.85 0 D
Explanation of Responses:
Remarks:
Richard S. Hannye poa Estate of Daniel M. Tabas 10/17/2003
** 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.