FORM 4 OMB APPROVAL
|_|Check this box if no longer OMB Number: 3235-0287
subject to Section 16. Form 4 or Expires: January 31, 2005
Form 5 obligations may continue. Estimated average burden
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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, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(h) of the
Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
MacLean Jr. William Q. Slade's Ferry Bancorp-SFBC [X] Director [ ] 10% Owner
[ ] Officer (give title below)
----------------------------------------- ------------------- ---------------------- [ ] Other (specify below)
(Last) (First) (Middle) 3. I.R.S. Identi- 4. Statement for
fication Number Month/Day/Year ---------------------------------------
34 John Street of Reporting 4/15/2003 7. Individual or Joint/Group Filing
----------------------------------------- Person, if an ---------------------- (Check Applicable Line)
(Street) entity 5. If Amendment, [X] Form filed by One Reporting Person
(Voluntary) Date of Original [ ] Form filed by More than One
Newport RI 02840 (Month/Day/Year) Reporting Person
023-26-9690
----------------------------------------- ------------------- ---------------------- ---------------------------------------
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security |2. Trans- |2A. Deemed |3. Trans- |4. Securities Acquired (A) |5. Amount of |6. Ownership |7. Nature of
(Instr. 3) | action | Execu- | action | or Disposed of (D) | Securities | Form: | Indirect
| Date | tion | Code | (Instr. 3, 4 and 5) | Beneficially| Direct (D) | Beneficial
| | Date, if| (Instr.| | Owned | or In- | Ownership
| | any | 8) | | Following | direct (I) | (Instr. 4)
| (Month/ | (Month/ | | | Reported | (Instr. 4) |
| Day/ | Day/ |__________|___________________________| Transactions| |
| Year) | Year) |Code V | Amount (A)or Price | (Instr. 3 | |
| | | | (D) | and 4) | |
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Common Stock; $.01 | | | | | | |
par value | 1/24/03 | | J | 130.195 A 13.95 | 20,310.517 | D |
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see
Instruction 4(b)(v).
SEC 1474 (9-02)
Persons who respond to the collection of information contained in this form
are not required to respond unless the form displays a currently valid OMB
control nummber.
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FORM 4 (continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1.Title of |2.Conver-|3.Trans-|3A.Deemed|4.Trans-|5.Number of |6.Date Exer-|7.Title and Amount|8.Price |9.Number |10.Own-|11.Nature
Derivative |sion or |action |Execution|action |Derivative |cisable and |of Underlying Se- |of Deri-|of Deriv-|ership |of In-
Security |Exercise |Date |Date, if |Code |Securities |Expiration |curities |vative |ative |Form of|direct
(Instr. 3) |Price of |(Month |any |(Instr. |Acquired (A)|Date |(Instr. 3 and 4) |Security|Securi- |Deriva-|Benefi-
|Deri- |Day/ |(Month/ |8) |or Disposed |(Month/Day | |(Instr. |ties |tive |cial
|vative |Year) |Day/Year)| |of (D) |Year) | |5) |Bene- |Securi-|Owner-
|Security | | | |(Instr. 3, | | | |ficially |ty: Di-|ship
| | | | |4 and 5) | | | |Owned |rect |Instr.
| | | | | | | | |Follow- |(D) |4)
| | | | | | | | |ing |or In- |
| | | |________|____________|____________|__________________| |Reported |direct |
| | | | |Date | | |Trans- |(I) |
| | | | | |Exer- Expir-| Amount or | |action(s)|(Instr.|
| | | | | |cis- ation | Number of | |(Instr. |4) |
| | | |Code V | (A) (D) |able Date |Title Shares | |4) | |
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| | | | | | |Common | | | |
| | | | | | |Stock | | | |
Option | | | | | | |($.01
(right to | | | | | |4/15/ 4/14/|par | | | |
buy | $14.59 | 4/15/03| | A | 20 | 03 08 |value 2,000 | 0 | 101 | D |
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Explanation of Responses:
A Incentive Stock Option Plan
J Dividend Reinvestment
/s/ William Q. MacLean Jr. 4/16/03
_________________________________ _______________
** Signature of Reporting Person Date
By authorized signator:
/s/ Isola A. Anctil
_________________________________
** 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.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB Number.
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