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* Tamburro James A. (Last) (First) (Middle) C/O DELMAR BANCORP 2245 NORTHWOOD DRIVE (Street) SALISBURY MD 21801 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 05/05/2020	3. Issuer Name and Ticker or Trading Symbol DELMAR BANCORP [ DBCP ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)	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	14,680(1)	D
Common Stock	700(1)	I	By spouse
Common Stock	556(1)	I	By spouse's IRA
Common Stock	585(1)	I	By spouse as custodian for children
Common Stock	36(1)	I	As custodian for child

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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	(2)	03/26/2023	Common Stock	1,028(3)	$4.14(3)	D

Explanation of Responses:

1. The common stock reported herein is common stock of the Issuer. On March 1, 2018, Liberty Bell Bank was acquired by the Issuer (the "Acquisition"), in which Liberty Bell Bank shareholders received 0.2857 shares of the Issuer's common stock for each share of Liberty Bell Bank common stock, or cash consideration, or a combination thereof. The number of shares reflects the Reporting Person's holdings following the Acquisition.

2. The option was originally exercisable in five equal annual installments on March 26, 2014, March 26, 2015, March 26, 2016, March 26, 2017, and March 27, 2018; however, the option became fully exercisable in connection with the Acquisition.

3. The option reported herein is an option to purchase common stock of the Issuer. At the effective time of the Acquisition, each outstanding option to purchase shares of common stock of Liberty Bell Bank was assumed by the Issuer and converted into an option to purchase shares of the Issuer's common stock, and the exercise price for each option was correspondingly adjusted. The number of shares reflects the Reporting Person's holdings following such conversion, and the exercise price reflects the exercise price following such conversion.

Remarks:

	J. Adam Sothen, as attorney-in-fact	05/05/2020
	** 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).
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