SEC FORM 3

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

THOMPSON MARK D

(Last)

(First)

(Middle)

17B OLD TOPSFIELD ROAD

(Street)

BOXFORD

01921

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/30/2003

3. Issuer Name and Ticker or Trading Symbol
BOSTON PRIVATE FINANCIAL HOLDINGS INC [ BPFH ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CEO Boston Private Bank

5. If Amendment, Date of 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

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	33,410	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (Right to Purchase)	⁽¹⁾	12/12/2005	Common Stock	300	$3.875	D
Stock Option (Right to Purchase)	⁽¹⁾	01/02/2007	Common Stock	10,000	$5.5	D
Stock Option (Right to Purchase)	⁽¹⁾	10/15/2007	Common Stock	500	$8.44	D
Stock Option (Right to Purchase)	⁽¹⁾	01/28/2008	Common Stock	9,000	$8.84	D
Stock Option (Right to Purchase)	⁽¹⁾	02/12/2009	Common Stock	10,875	$7.875	D
Stock Option (Right to Purchase)	⁽¹⁾	01/20/2010	Common Stock	15,257	$8.563	D
Stock Option (Right to Purchase)	⁽¹⁾	01/18/2010	Common Stock	15,000	$18.719	D
Stock Option (Right to Purchase)	⁽¹⁾	01/17/2012	Common Stock	12,000	$22.26	D
Stock Option (Right to Purchase)	⁽²⁾	02/14/2013	Common Stock	11,000	$16.72	D
Stock Option (Right to Purchase)	⁽²⁾	04/30/2013	Common Stock	15,000	$16.72	D

Explanation of Responses:

1. The option vests in four equal installments from date of grant.

2. The options vest on a 33 1/3 schedule beginning on the first anniversay of the date of grant

Remarks:

	Margaret W. Chambers as attorney-in-fact for Mark D. Thompson	08/04/2003
	** 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 Number.