FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Pivirotto Charles J
2. Issuer Name and Ticker or Trading Symbol

Clifton Bancorp Inc. [ CSBK ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

1433 VAN HOUTEN AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

8/24/2017
(Street)

CLIFTON, NJ 07015
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Common Stock   8/24/2017     M    16675.0000   A $9.0300   32434.0000   D    
Common Stock   8/24/2017     S    16675.0000   D $15.2777   (1) 15759.0000   D    
Common Stock   8/25/2017     M    30000.0000   A $9.0300   45759.0000   D    
Common Stock   8/25/2017     S    30000.0000   D $15.6843   (2) 15759.0000   D    
Common Stock                  5000.0000   I   By Pivirotto & Co CPA 401(k)  
Common Stock                  21836.0000   I   By Stock Award   (3)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Stock Option   $9.0300   8/24/2017     M         16675.0000    5/26/2011   (4) 5/26/2020   Common Stock   16675.0000   $0.0000   30000.0000   D    
Stock Option   $9.0300   8/25/2017     M         30000.0000    5/26/2011   (4) 5/26/2020   Common Stock   30000.0000   $0.0000   0.0000   D    
Stock Option   $13.8400                    9/2/2016   (5) 9/2/2025   Common Stock   68238.0000     68238.0000   D    

Explanation of Responses:
(1)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.23 to $15.41, inclusive. The reporting person undertakes to provide to Clifton Bancorp Inc., any security holder of Clifton Bancorp Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
(2)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.36 to $15.85, inclusive. The reporting person undertakes to provide to Clifton Bancorp Inc., any security holder of Clifton Bancorp Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
(3)  Stock Awards granted pursuant to the Clifton Bancorp Inc. 2015 Equity Incentive Plan vest in five approximately equal annual installments commencing on September 2, 2016.
(4)  Non-Statutory Stock Options granted pursuant to the Clifton Savings Bancorp, Inc. 2005 Equity Incentive Plan are fully vested and exercisable.
(5)  Stock Options granted pursuant to the Clifton Bancorp Inc. 2015 Equity Incentive Plan vest in five approximately equal annual installments commencing on September 2, 2016.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Pivirotto Charles J
1433 VAN HOUTEN AVENUE
CLIFTON, NJ 07015
X



Signatures
Christine R. Piano, Power of Attorney 8/28/2017
** 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 control number.
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