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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
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 *

Keitz Eric
2. Issuer Name and Ticker or Trading Symbol

SEVERN BANCORP INC [ SVBI ]
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)

200 WESTGATE CIRCLE, SUITE 200
3. Date of Earliest Transaction (MM/DD/YYYY)

2/25/2020
(Street)

ANNAPOLIS, MD 21401
(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         36000 D  

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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (Right to Buy) $8.26 2/25/2020  A   1500     (5)2/25/2030 Common Stock 1500 $0 1500 D  
Employee Stock Option (Right to Buy) $5.75            (1)12/22/2021 Common Stock 2000  2000 D  
Employee Stock Option (Right to Buy) $7.10            (2)8/23/2022 Common Stock 20000  20000 D  
Employee Stock Option (Right to Buy) $6.80            (3)11/22/2022 Common Stock 2000  2000 D  
Employee Stock Option (Right to Buy) $7.10            (4)12/19/2023 Common Stock 4000  4000 D  

Explanation of Responses:
(1) Options vest over a 5-year period beginning December 22, 2016.
(2) Options vest over a 5-year period beginning August 23, 2017.
(3) Options vest over a 5-year period beginning November 22, 2017.
(4) Options vest over a 5-year period beginning December 19, 2018.
(5) Options vest over a 5-year period beginning February 25, 2021.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Keitz Eric
200 WESTGATE CIRCLE, SUITE 200
ANNAPOLIS, MD 21401
X



Signatures
/s/ Eric Keitz4/1/2020
**Signature of Reporting PersonDate

Severn Bancorp (NASDAQ:SVBI)
Historical Stock Chart
From May 2020 to May 2020 Click Here for more Severn Bancorp Charts.
Severn Bancorp (NASDAQ:SVBI)
Historical Stock Chart
From May 2019 to May 2020 Click Here for more Severn Bancorp Charts.