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

CUSIP No. 743868101

SCHEDULE 13D

Page 19 of 23

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

(C)

Stilwell Activist Investments

(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 Investments sold shares of Common Stock as follows:

Date		Number of Shares (Sold)				Price Per Share				Total (Sale) Price
09/12/2017			(1,990	)		$	19.75			$	(39,306	)
09/14/2017			(22,603	)		$	19.75			$	(446,414	)
09/15/2017			(1,200	)		$	19.75			$	(23,700	)
09/19/2017			(3,484	)		$	19.75			$	(68,809	)
09/20/2017			(69,371	)		$	19.65			$	(1,363,334	)

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

(D)

Stilwell Value LLC

(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)

Stilwell Value LLC has made no purchases, sales or transfers of shares of Common Stock.

(d) Because he is the managing
member and owner of Stilwell Value LLC, Joseph Stilwell has the power to direct the affairs of Stilwell Value LLC. Stilwell Value
LLC is the general partner of Stilwell Value Partners VII, Stilwell Activist Fund, and Stilwell Activist Investments. Therefore,
Stilwell Value LLC may be deemed to share with Joseph Stilwell voting and disposition power with regard to the shares of Common
Stock held by Stilwell Value Partners VII, Stilwell Activist Fund, and Stilwell Activist Investments.

(E)

Joseph Stilwell

(a)

Aggregate number of shares beneficially owned: 314,940

Percentage: 4.1%