13D Filing: Stilwell Joseph and Provident Financial Holdings, Inc. (PROV)

CUSIP No. 743868101

SCHEDULE 13D

Page 18 of 23

Members of the Group
may seek to make additional purchases or sales of shares of Common Stock. Except as described in this filing, no member of the
Group has any plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through
(j), inclusive, of Item 4 of Schedule 13D. Members of the Group may, at any time and from time to time, review or reconsider their
positions and formulate plans or proposals with respect thereto.

Item 5. Interest in Securities of the Issuer

 

The percentages used
in this filing are calculated based on the number of outstanding shares of Common Stock, 7,695,552, reported as of August 25, 2017,
in the Issuer’s Form 10-K filed with the Securities and Exchange Commission on September 1, 2017. All dispositions of shares of
Common Stock reported in this Item 5 were sales made in open-market transactions.

(A)

Stilwell Value Partners VII

(a)

Aggregate number of shares beneficially owned: 314,940

Percentage: 4.1%

(b)

1. Sole power to vote or to direct vote: 0

2. Shared power to vote or to
direct vote: 314,940

3. Sole power to dispose or to
direct the disposition: 0

4. Shared power to dispose or
to direct disposition: 314,940

(c)

Within the past 60 days, Stilwell Value Partners VII sold shares of Common Stock as follows:

Date		Number of Shares (Sold)				Price Per Share				Total (Sale) Price
09/14/2017			(4,807	)		$	19.75			$	(94,939	)
09/19/2017			(996	)		$	19.75			$	(19,671	)
09/20/2017			(14,753	)		$	19.65			$	(289,938	)

(d) Because he is the managing
member and owner of Stilwell Value LLC, which is the general partner of Stilwell Value Partners VII, Joseph Stilwell has the power
to direct the affairs of Stilwell Value Partners VII, including the voting and disposition of shares of Common Stock held in the
name of Stilwell Value Partners VII. Therefore, Joseph Stilwell is deemed to share voting and disposition power with Stilwell Value
Partners VII with regard to those shares of Common Stock.

(B)

Stilwell Activist Fund

(a)

Aggregate number of shares beneficially owned: 314,940

Percentage: 4.1%

(b)

1. Sole power to vote or to direct vote: 0

2. Shared power to vote or to
direct vote: 314,940

3. Sole power to dispose or to
direct the disposition: 0

4. Shared power to dispose or
to direct disposition: 314,940

(c)

Within the past 60 days, Stilwell Activist Fund sold shares of Common Stock as follows:

Date		Number of Shares (Sold)				Price Per Share				Total (Sale) Price
09/12/2017			(310	)		$	19.75			$	(6,123	)
09/13/2017			(7,200	)		$	19.75			$	(142,200	)
09/14/2017			(2,990	)		$	19.75			$	(59,053	)
09/19/2017			(620	)		$	19.75			$	(12,245	)
09/20/2017			(9,176	)		$	19.65			$	(180,334	)