Pathfinder Bancorp, Inc. - Director's Dealing 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Pathfinder Bancorp, Inc. (PBHC)
CIK: 0001609065
Period of Report: 2017-02-01

Reporting Person: MERVINE EDWARD (SVP and General Counsel)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-06	Common Stock	A	7381	—	Acquired	7441	Direct
2016-05-13	Common Stock	M	1000	$5.4638	Acquired	8441	Direct
2017-02-01	Common Stock	M	2000	$5.4638	Acquired	10441	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-06	Stock Options	$11.35	A	15816	Acquired	2026-05-06	Common Stock (15816)	Direct
2017-02-01	Stock Options	$5.4638	M	2000	Disposed	2021-06-23	Common Stock (2000)	Direct

F1: Shares of restricted stock vest over a 7 year period at a rate of 14.285% per year commencing on May 6, 2017.

F2: Stock options vest over a 7 year period at a rate of 14.285% per year commencing on May 6, 2017.

F3: Stock options vest at a rate of 20% per year commencing on June 23, 2012