FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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
                      

1. Name and Address of Reporting Person *

Debevec Edward B

2. Date of Event Requiring Statement (MM/DD/YYYY)
11/25/2008 

3. Issuer Name and Ticker or Trading Symbol

PVF CAPITAL CORP [PVFC]

(Last)        (First)        (Middle)

30000 AURORA ROAD

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
Treasurer /

(Street)

SOLON, OH 44139       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   8415   D  
 
Common Stock   1068   I   By IRA  
Common Stock   19441   I   By 401(k)  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy)   11/1/1999   11/1/2009   Common Stock   3188   $6.95   D  
 
Stock Option (Right to Buy)   11/1/2000   11/1/2010   Common Stock   2898   $6.10   D  
 
Stock Option (Right to Buy)   11/1/2001   11/1/2011   Common Stock   2635   $7.05   D  
 
Stock Option (Right to Buy)   11/1/2002   11/1/2012   Common Stock   2395   $8.31   D  
 
Stock Option (Right to Buy)   11/1/2003   11/1/2013   Common Stock   2541   $12.32   D  
 
Stock Option (Right to Buy)   11/1/2004   11/1/2014   Common Stock   2640   $12.40   D  
 
Stock Option (Right to Buy)   11/1/2005   (1) 11/1/2015   Common Stock   2500   $11.10   D  
 
Stock Option (Right to Buy)   11/1/2006   (2) 11/1/2016   Common Stock   2500   $10.64   D  
 
Stock Option (Right to Buy)   11/3/2008   (3) 11/3/2018   Common Stock   7700   $4.02   D  
 

Explanation of Responses:
( 1)  Options vest at the rate of 20% per year, with the first 20% becoming exerciseable on the date of the grant, November 1, 2005, and each additional 20% becoming exerciseable on each anniversary date thereafter.
( 2)  Options vest at the rate of 20% per year, with the first 20% becoming exerciseable on the date of the grant, November 1, 2006, and each additional 20% becoming exerciseable on each anniversary date thereafter.
( 3)  Options vest at the rate of 20% per year, with the first 20% becoming exerciseable on the date of the grant, November 3, 2008, and each additional 20% becoming exerciseable on each anniversary date thereafter.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Debevec Edward B
30000 AURORA ROAD
SOLON, OH 44139


Treasurer

Signatures
/s/ Debevec, Edward B. 12/4/2008
** Signature of Reporting Person Date


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 5(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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
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