SEC FORM 4

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^*

MALE JEFFREY N

(Last)

(First)

(Middle)

30000 AURORA ROAD

(Street)

SOLON

44139

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PVF CAPITAL CORP [ PVFC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive V.P. & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2010

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/26/2010		X		61,743⁽¹⁾	A	$1.75	98,084	I	By IRA
Common Stock	03/26/2010		X		16,587⁽¹⁾	A	$1.75	30,076	I	By Spouse's IRA
Common Stock	03/26/2010		X		178,780⁽¹⁾	A	$1.75	356,340	I	By Trust
Common Stock	03/26/2010		X		29,093⁽¹⁾	A	$1.75	58,220⁽²⁾	I	By Trust-401(k) Plan
Common Stock								33,423	I	By Trust f/b/o spouse

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Subscription Rights (Right to Buy)⁽¹⁾	$1.75	03/26/2010		X			33,500	02/17/2010	03/26/2010	Common Stock	61,743.85	$0	0	I	By IRA
Subscription Rights (Right to Buy)⁽¹⁾	$1.75	03/26/2010		X			9,000	02/17/2010	03/26/2010	Common Stock	16,587.9	$0	0	I	By Spouse's IRA
Subscription Rights (Right to Buy)⁽¹⁾	$1.75	03/26/2010		X			97,000	02/17/2010	03/26/2010	Common Stock	178,780.7	$0	0	I	By Trust
Subscription Rights (Right to Buy)⁽¹⁾	$1.75	03/26/2010		X			15,785	02/17/2010	03/26/2010	Common Stock	29,093.3335	$0	0	I	Trust - 401(k) Plan
Stock Option (Right to Buy)	$12.21							11/01/2005	11/01/2010	Common Stock	2,800		2,800	D
Stock Option (Right to Buy)	$11.7							11/01/2006	11/01/2011	Common Stock	4,500		4,500	D
Stock Option (Right to Buy)	$4.42							11/03/2008	11/02/2013	Common Stock	4,300		4,300	D

Explanation of Responses:

1. Pursuant to the rights offering of PVF Capital Corp., each subscription right entitled the shareholder to purchase 1.8431 shares of PVF Capital Corp. common stock at the subscription price of $1.75 per share. Each subscription right also entitled the shareholder to exercise an over-subscription privilege, subject to certain limitations and allotment, to purchase unsubscribed shares of common stock in the rights offering at the same subscription price of $1.75 per share. Fractional shares of common stock resulting from the exercise of subscription rights and the related over-subscription privilege were eliminated by rounding down to the nearest whole share.

2. The amount reflects the acquisition of shares pursuant to allocations under the 401(k) plan since the reporting person's last report, which are exempt under Rule 16b-3(c).

Remarks:

	Sean P. Kehoe, Power of Attorney	03/30/2010
	** 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.