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Filing Details

Accession Number:: 0001420506-20-000745
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-07-21 16:39:42
Reporting Period:: 2020-07-20

Accepted Time:: 2020-07-21 16:39:42
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1041368	Riverview Bancorp Inc	RVSB	Savings Institution, Federally Chartered (6035)	911838969

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1449556	S. Martin Friedman	C/O Fj Capital Management Llc 1313 Dolley Madison Blvd Ste 306 Mclean VA 22101		No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2020-07-17	14,028	$4.85	2,238,034	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2020-07-20	15,972	$4.75	2,222,062	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote

Footnotes

Martin S. Friedman (the "Reporting Person") is the managing member of FJ Capital Management LLC ("FJ Capital"), which is the managing member and investment adviser to Financial Opportunity Fund LLC ("FOF"), Financial Opportunity Long/Short Fund LLC ("FLS"), an investment adviser to a separately managed account ("SMA) and a sub-investment advisor to Bridge Equities XI, LLC ("BEXI"), each of which beneficially owns shares of the common stock of the issuer (the "Shares"). As a consequence of a stock repurchase by the issuer, FOF, FLS, the SMA and BEXI, in the aggregate, beneficially became owners of 10% or more of the Shares.
Therefore, (a) on behalf of FOF, FLS, FJ Capital sold 25,096 Shares, (b) on behalf of the SMA, FJ Capital sold 1,707 Shares, and (c) on behalf of BEXI, FJ Capital sold 3,197 Shares (collectively, the "Disposed Shares") in order to reduce the aggregate beneficial ownership of the Shares by FOF, FLS, the SMA and BEXI to less than 10% of the issued and outstanding Shares.
The sale by FJ Capital on behalf of FOF, FLS, the SMA, and BEXI of the Disposed Shares was necessitated solely for the purpose of reducing the aggregate amount of the Shares controlled FOF, FLS, the SMA, and BEXI as a consequence of the stock repurchase by the issuer in order to avoid FOF, FLS, the SMA, and BEXI being deemed to be bank holding companies pursuant to the Bank Holding Company Act of 1956, as amended, and the rules promulgated pursuant thereto by the Board of Governors of the Federal Reserve System.
Martin S. Friedman, in his capacity as Managing Member of FJ Capital, has voting and dispositive power over the Shares held by FOF, FLS, the SMA, and BEXI. The Reporting Person disclaims beneficial ownership of the securities referred to in this Form 4 except to the extent of the Reporting Person's pecuniary interest in such securities, and the filing of this Form 4 shall not be construed as an admission that the Reporting Person is, for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this Form 4.