XNAS:BKMU Bank Mutual Corp Insider Activity 4 Filing - 5/23/2012

Effective Date 5/23/2012

XNAS:BKMU (Bank Mutual Corp): Fair Value Estimate
Premium
XNAS:BKMU (Bank Mutual Corp): Consider Buying
Premium
XNAS:BKMU (Bank Mutual Corp): Consider Selling
Premium
XNAS:BKMU (Bank Mutual Corp): Fair Value Uncertainty
Premium
XNAS:BKMU (Bank Mutual Corp): Economic Moat
Premium
XNAS:BKMU (Bank Mutual Corp): Stewardship
Premium
 
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
Carter James P
  2. Issuer Name and Ticker or Trading Symbol
BANK MUTUAL CORP [BKMU]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President and Secretary
(Last)
(First)
(Middle)
4949 WEST BROWN DEER RD
3. Date of Earliest Transaction (Month/Day/Year)
05/23/2012
(Street)

MILWAUKEE, WI 53223
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/23/2012   W V 1,556 A $ 0 29,718 D  
Common Stock               16,857 I ESOP Plan(1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option to buy(2) $10.673               (2) 05/03/2014 Common Stock 10,000   10,000 D  
Option to buy(3) $5.05               (3) 01/18/2021 Common Stock 8,000   8,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Carter James P
4949 WEST BROWN DEER RD
MILWAUKEE, WI 53223
      Vice President and Secretary  

Signatures

 /s/James P. Carter   05/25/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Held in the Bank Mutual Corpration ESOP Plan. The information presented is based on the Plan statement dated 12-31-2011.
(2) Employee Stock Option. The option is fully vested.
(3) Stock option granted under the 2004 Stock Incentive Plan. The options (8,000 in the original grant) vest in annual installments of 20% each beginning January 18, 2012.
 
Remarks:
The directly owned shares transaction represents a portion of the shares formerly owned by filer's mother, which were previously reported due to filer's former power of attorney over those shares.  As a result of the death of filer's mother, filer received this distribution of shares and no longer has an interest in the remaining shares formerly held by filer's mother.

Note: File three copies of this Form, one of which must be manually signed. If space 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.

XNAS:BKMU Bank Mutual Corp Insider Activity 4 Filling

Bank Mutual Corp XNAS:BKMU Stock - Get Insider Activity SEC Filing of Bank Mutual Corp XNAS:BKMU stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

Content Partners
XNAS:BKMU Bank Mutual Corp Insider Activity 4 Filing - 5/23/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Popularity |  Our Choices |  Most Recent Title |  Date |  Company |  Symbol |  Interest |  Popularity

Previous: XNAS:BKMU Bank Mutual Corp Insider Activity 4 Filing - 5/23/2012  |  Next: XNAS:BKMU Bank Mutual Corp Insider Activity 4 Filing - 6/1/2012