BV Financial, Inc. — Director's Dealing 2007

Jan 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BV Financial, Inc. ((BVFL))
CIK: 0001302387
Period of Report: 2006-12-29

Reporting Person: LEONARD EDMUND T (Director, Chairman & Chief Financial Off)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-29	Common Stock	G	2000	—	Disposed	268	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11728	Indirect
Common Stock	8294	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (right to buy)	$8.94	2015-11-14	Common Stock (25921)	25921	Direct

Footnotes

F1: Since the reporting person's last report 2,074 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.