Pathfinder Bancorp, Inc. — Director's Dealing 2018

May 8, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Pathfinder Bancorp, Inc. (PBHC)
CIK: 0001609065
Period of Report: 2018-05-07

Reporting Person: MERVINE EDWARD (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-07	Common Stock	M	1000	$5.4638	Acquired	12441	Direct
2018-05-07	Common Stock	M	1000	$15.476	Disposed	11441	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-07	Stock Options	$5.4638	M	1000	Disposed	2021-06-23	Common Stock (1000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9824	Indirect
Common Stock	4981	Indirect
Common Stock	10790	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$11.35	2026-05-06	Common Stock (0)	15816	Direct