0001437749-23-012345 4 1 20230501 20230503 20230503 LIDDELL KIM C 0001282955 4 34 000-51821 23884953 31 EAST FOURTH STREET DUNKIRK NY 14048 LAKE SHORE BANCORP, INC. 0001341318 6035 204729288 X1 1231 31 EAST FOURTH STREET DUNKIRK NY 14048 716-366-4070 31 EAST FOURTH STREET DUNKIRK NY 14048 Lake Shore Bancorp, Inc. 20051012 4 1 rdgdoc.xml FORM 4 FORM 4 OMB APPROVAL ? Check this box OMB Number: if no longer UNITED STATES SECURITIES AND EXCHANGE COMMISSION 3235-0287 subject to Washington, D.C. 20549 Estimated Section 16. Form STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF average burden 4 or Form 5 SECURITIES hours per obligations may response... 0.5 continue. See Instruction 1(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 1. Name and Address of Reporting 2. Issuer Name and Ticker 5. Relationship of Person * or Trading Symbol Reporting Person(s) to LIDDELL KIM C LAKE SHORE BANCORP, INC. [ Issuer (Check all LSBK ] applicable) _____ Director _____ 10% Owner _____ Officer (give title (Last) (First) (Middle) 3. Date of Earliest below) __X__ Other 31 EAST FOURTH STREET Transaction (MM/DD/YYYY) (specify below) 5/1/2023 Dir., Pres. and CEO of Bank (Street) 4. If Amendment, Date 6. Individual or DUNKIRK, NY 14048 Original Filed Joint/Group Filing (Check (MM/DD/YYYY) Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Rule 10b5-1(c) Transaction Indication ? Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security 2. Trans. Date 2A. 3. Trans. 4. Securities Acquired 5. Amount of 6. Ownership 7. Nature of (Instr. 3) Deemed Code (A) or Disposed of (D) Securities Form: Direct Indirect Execution (Instr. 8) (Instr. 3, 4 and 5) Beneficially (D) or Indirect Beneficial Date, if Owned Following (I) (Instr. 4) Ownership any Reported (Instr. 4) Transaction(s) (A) (Instr. 3 and or 4) Code V Amount (D) Price Common Stock 5/1/2023 P 500 A $10.97 500 I By IRA Common Stock 5/1/2023 P 100 A $11.16 600 I By IRA Common Stock 5/1/2023 P 100 A $11.22 700 I By IRA Common Stock 5/1/2023 P 300 A $11.12 1000 I By IRA Common Stock 5/1/2023 P 419 A $11.13 1419 I By IRA Common Stock 5/1/2023 P 88 A $11.25 1507 I By IRA Common Stock 5/2/2023 P 50 A $11.25 1557 I By IRA Common Stock 5/3/2023 P 19465 A $11.50 21022 I By IRA Common Stock 5/3/2023 P 295 A $11.40 21317 I By IRA Common Stock 5/3/2023 P 3 A $11.49 21320 I By IRA Common Stock 5/3/2023 P 400 A $11.4970 21720 I By IRA Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of 2. 3. 3A. 4. Trans. 5. Number of 6. Date Exercisable 7. Title and Amount of 8. Price 9. Number of 10. 11. Nature Derivate Conversion Trans. Deemed Code Derivative and Expiration Date Securities Underlying of derivative Ownership of Security or Date Execution (Instr. 8) Securities Derivative Security Derivative Securities Form of Indirect (Instr. 3) Exercise Date, if Acquired (A) or (Instr. 3 and 4) Security Beneficially Derivative Beneficial Price of any Disposed of (D) (Instr. 5) Owned Security: Ownership Derivative (Instr. 3, 4 Following Direct (D) (Instr. 4) Security and 5) Reported or Transaction(s) Indirect Date Expiration Amount or (Instr. 4) (I) Exercisable Date Title Number of (Instr. 4) Code V (A) (D) Shares Explanation of Responses: Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other LIDDELL KIM C Dir., Pres. and CEO of 31 EAST FOURTH STREET Bank DUNKIRK, NY 14048 Signatures /s/ Kim C. Liddell 5/3/2023 ** 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 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). 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.