FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 OMB APPROVAL OMB Number 3235-0287 Expires: September 30, 1998 Estimated average burden STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP hours per response.......0.5 CHECK THIS BOX IF NO LONGER SUBJECT TO SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, FORM 5 OBLIGATIONS MAY Section 17(a) of the Public Utility Holding Company Act of 1935 or CONTINUE. SEE Section 30(f) of the Investment Company Act of 1940 Instruction 1(b). (Print or Type Responses) 1. Name and Address of Reporting Person* 2. Issuer Name AND Ticker or Trading 6. Relationship of Reporting Symbol Person(s) to Issuer (Check all applicable) PUCELLA MICHAEL DIME COMMUNITY BANCSHARES, INC. ("DCOM") Director 10% Owner X Officer (give Other (specify title below) below) (Last) (First) (Middle) 3. IRS or 4. Statement for SENIOR VICE PRESIDENT - FINANCE Social Security Month/Year Number of FEBRUARY, 2001 209 HAVEMEYER STREET Reporting Person (Voluntary) (Street) 5. If Amendment, 7. Individual or Joint/Group Filing Date of Original (Check Applicable Line) BROOKLYN NY 11211 (Month/Year) X Form filed by One Reporting Person (City) (State) (Zip) Form filed by More than One Reporting Person TABLE I NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED 1. Title of Security 2. Trans- 3. Trans- 4. Securities 5. Amount of 6. Ownership 7. Nature of Instr. 3) action action Acquired (A) Securities Form: Indirect Date Code or Disposed Beneficially Direct (D) Beneficial (Inst. 8) of (D) Owned at End or Indirect Ownership (Instr. 3,4 of Month (I) (Instr. 4) and 5) (Instr. 3 and 4) (Instr. 4) (Month/ Day/ Year) Code V Amount (A) or Price (D) COMMON STOCK 2/01/2001 J5,308 A 8,128 D COMMON STOCK 2/01/2001 J 5,308 D 32,358 I COMMON STOCK 2/01/2001 J 2,957 D $26.2188 Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). (Over) SEC 1474 (7-96) FORM 4 (CONTINUED) TABLE II DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., puts, calls, warrants, options, convertible securities) 1.Title 2.Conver- 3.Trans- 4.Trans- 5.Number 6.Date Ex- 7.Title 8.Price of 9.Number of 10.Owner- 11.Nature of of Deriv- sion or action action of Deriv- ercisable and Amount Derivative derivative ship Indirect ative Secu- Exercise Date Code ative Secu- and Ex- of Under- Security Securities Form Benefi- rity of De- (Month/ (Instr. rities Ac- piration lying Secu- (Instr. 5) Beneficially of cial (Instr. 3) rivative Day/ 8) quired (A) Date rities Owned at End Deri- Owner- Security Year) or Dis- (Month/ (Instr. 3 of Month vative ship posed of Day/ and 4) (Instr. 4) Secu- (Instr.4) (D)(Instr. Year) rity 3, 4 and Direct 5) (D) or Indirect (I) NO TRANSACTIONS IN CURRENT PERIOD. 50,000 I Stock Option Plan Code V (A) (D) Date Expira- Title Amount or Exer- tion Number of cisable Date Shares Explanation of Responses: Vesting of a portion of the 28,790 shares acquired on February 1, 1997 pursuant to the Recognition and Retention Plan for Outside Directors, Officers and Employees of Dime Community Bancshares, Inc. While 5,758 shares actually vested on February 1, 2001, Mr. Pucella transferred 450 shares to related persons upon vesting and retained 5,308 shares himself, prior to any tax-related dispositions. Sale of a portion of the 5,308 shares acquired on February 1, 2001 pursuant to the Recognition and Retention Plan for Outside Directors, Officers and Employees of Dime Community Bancshares, Inc. Sale transaction incurred solely to fund income tax liability related to these acquired shares. **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/MICHAEL PUCELLA MARCH 1, 2001 ------------------------- ------------------ **Signature of Reporting Date Note: File three copies of Person this Form, one of which must be By: Michael Pucella manually signed. If space provided is insufficient, SEE Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Page 2 SEC 1474 (7-96)