BV Financial, Inc. — Director's Dealing 2006

Nov 16, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BV Financial, Inc. ((BVFL))
CIK: 0001302387
Period of Report: 2006-11-14

Reporting Person: KELLY MICHELE (VP of Subsidiary Bank)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-14	Common Stock	F	334	$9.2000	Disposed	496.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	939.0000	Indirect
Common Stock	3317.0000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (right to buy)	$8.94	2015-11-14	Common Stock (10368)	10368	Direct

Footnotes

F1: Since the reporting person's last report 830 shares previously held through Stock Awards have vested and are now owned directly.

F2: Stock Awards granted pursuant to the BV Financial, Inc. 2005 Equity Incentive Plan vest in five approximately equal annual installments commencing on November 14, 2006.

F3: Stock Options granted pursuant to the BV Financial, Inc. 2005 Equity Incentive Plan vest in five approximately equal annual installments commencing on November 14, 2006.