13D Filing: Clover Partners, L.P. and SI Financial Group Inc. (SIFI)

Item 5.

Interest in Securities of the Issuer

(a) – (b) The MHC Mutual Conversion Fund Group beneficially owns 312,483 shares of Common Stock, which represents 2.6% of the Issuer’s outstanding shares of Common Stock.  The percentage of beneficial ownership of the Reporting Persons, as reported in this Schedule 13D, was calculated by dividing (i) the total number of shares of Common Stock beneficially owned by the MHC Mutual Conversion Fund Group as set forth in this Schedule 13D, by (ii) the 12,231,845 shares of Common Stock outstanding as of August 4, 2017, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 8, 2017.

The GP, in its capacity as investment manager and general partner to the Fund has power to vote the 312,483 shares of Common Stock and the power to dispose of the 312,483 shares of Common Stock held in the Fund.  Clover, in its capacity as general partner of the GP and Mr. Guerry, as the managing partner of Clover, may each be deemed to beneficially own the Common Stock held in the Fund.

Date	Number of Shares Purchased or (Sold)	Price Per Share	Where and How Transaction Effected
8/22/2017	21,388	$14.95	Open Market
8/23/2017	7,619	$14.95	Open Market
10/2/2017	(527,977)	N/A	Transfer Out In Kind

The filing of this Schedule 13D shall not be construed as admission that the GP, Clover, or Mr. Guerry is for the purposes of Section 13(d) or 13(g) of the Exchange Act the beneficial owner of any of the 312,483 shares of Common Stock owned by the Fund.  Pursuant to Rule 13d-4, the GP, Clover, and Mr. Guerry disclaim all such beneficial ownership.

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

With respect to the Fund, GP is entitled to (1) an allocation of a portion of profits, if any, and (2) a management fee based upon a percentage of total capital.

Other than the foregoing agreements and arrangements, and the Joint Filing Agreement, there are no contracts, arrangements, understandings or relationships among the persons named in Item 2 hereof and between such persons and any person with respect to any securities of the Issuer.