CARVER BANCORP INC — Director's Dealing 2016

May 2, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARVER BANCORP INC (CBNJ)
CIK: 0001016178
Period of Report: 2016-05-02

Reporting Person: Ritter Thomas K (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-02	Common Stock	J	6375	—	Disposed	0	Direct
2016-05-02	Common Stock	J	107389	—	Disposed	0	Indirect
2016-05-02	Common Stock	J	48588	—	Disposed	0	Indirect
2016-05-02	Common Stock	J	10000	—	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-02	Stock Options	$7.68	J	2950	Disposed	2020-06-28	Common Stock (2950)	Direct

Footnotes

F1: Each share of common stock was converted into and became exchangeable for the right to receive (i) $2.25 in cash and (ii) 0.6375 of a share of OceanFirst Financial Corp. common stock.

F2: Each option was converted into an option to purchase a number of shares of OceanFirst Financial Corp. common stock (rounded down to the nearest whole share) determined by multiplying (i) the number of shares of Cape Bancorp, Inc. common stock subject to such stock option by (ii) 0.75, at a per share exercise price (rounded up to the nearest whole cent) equal to the quotient obtained by dividing (a) the per share exercise price for each share of Cape Bancorp, Inc. common stock subject to such option by (b) 0.75.