CARVER BANCORP INC — Director's Dealing 2004

Jun 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARVER BANCORP INC (CNY)
CIK: 0001016178
Period of Report: 2004-06-01

Reporting Person: TERRELL FREDERICK (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-06-01	Series B Convertible	$0.00	S	125000	Disposed		Common Stock (125000.00)	Indirect

Footnotes

F1: Each shere can be converted into 2.083 shares of common stock (125,000) at any time. Mr. Terrell disclaims beneficial ownership of such securities.

F2: Because this is a convertible security it has no expiration date.