Citizens Community Bancorp Inc. — Director's Dealing 2014

Dec 4, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Citizens Community Bancorp Inc. (CZWI)
CIK: 0001367859
Period of Report: 2014-12-03

Reporting Person: Schaefer Edward H (CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-03	Common Stock, par value $.01 per share	S	8202	$9.21	Disposed	35834	Direct
2014-12-04	Common Stock, par value $.01 per share	M	9288	$5.48	Acquired	45122	Direct
2014-12-04	Common Stock, par value $.01 per share	M	9288	$5	Acquired	54410	Direct
2014-12-04	Common Stock, par value $.01 per share	S	2766	$9.2	Disposed	51644	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-04	Common Stock Option (right to buy)	$5.48	M	9288	Disposed	2021-06-14	Common Stock (9288)	Direct
2014-12-04	Common Stock Option (right to buy)	$5	M	9288	Disposed	2021-09-30	Common Stock (9288)	Direct

Footnotes

F1: The price reported above is the average transaction price. The range of prices for such transactions is $9.20 to $9.27. Upon request by the Commission staff, the reporting person will provide full information regarding the number of shares sold at each separate price.

F2: The price reported above is the average transaction price. The range of prices for such transactions is $9.20 to $9.21. Upon request by the Commission staff, the reporting person will provide full information regarding the number of shares sold at each separate price.

F3: The common stock option vests pro rata over a five-year period: 20% of the shares become exercisable on each of June 14, 2012, June 14, 2013, June 14, 2014, June 14, 2015 and June 14, 2016.

F4: The common stock option vests pro rata over a five-year period: 20% of the shares become exercisable on each of September 30, 2012, September 30, 2013, September 30, 2014, September 30, 2015 and September 30, 2016.