SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Kilroy Lillian S. (Last) (First) (Middle) 114 EAST LEXINGTON STREET (Street) BALTIMORE MD 21202 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol PROVIDENT BANKSHARES CORP [ (PBKS) ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Executive Vice President
	3. Date of Earliest Transaction (Month/Day/Year) 05/23/2009
	4. 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 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	05/23/2009		D		1,482	D	(1)	0.0000	D
Common Stock	05/23/2009		D		553.828	D	(2)	0.0000	I	By 401(k)
Common Stock	05/23/2009		D		551.4058	D	(3)	0.0000	I	By DRIP
Common Stock	05/23/2009		D		226	D	(4)	0.0000	I	By Stock Award II
Common Stock	05/23/2009		D		434	D	(5)	0.0000	I	By Stock Award III
Common Stock	05/23/2009		D		4,318	D	(6)	0.0000	I	By Stock Award IV
Common Stock	05/23/2009		D		2,216	D	(7)	0.0000	I	By Stock Award V

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 Securities Underlying Derivative Security (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: 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
Non-Qualified Stock Option (right to buy)	$18.19	05/23/2009		D			5,615	10/20/2000(8)	10/20/2009	Common Stock	5,615	$0	0	D
Non-Qualified Stock Option (right to buy)	$13.15	05/23/2009		D			3,350	06/21/2001(9)	06/21/2010	Common Stock	3,350	$0	0	D
Non-Qualified Stock Option (right to buy)	$24.68	05/23/2009		D			5,000	01/16/2003(10)	01/16/2012	Common Stock	5,000	$0	0	D
Non-Qualified Stock Option (right to buy)	$33.66	05/23/2009		D			6,000	02/16/2006(11)	02/16/2013	Common Stock	6,000	$0	0	D
Non-Qualified Stock Option (right to buy)	$23.51	05/23/2009		D			7,000	02/19/2004(12)	02/19/2013	Common Stock	7,000	$0	0	D
Non-Qualified Stock Options (right to buy)	$36	05/23/2009		D			4,786	02/15/2007(13)	02/15/2014	Common Stock	4,786	$0	0	D
Non-Qualified Stock Options (right-to-buy)	$32.22	05/23/2009		D			7,000	02/18/2004(14)	02/18/2014	Common Stock	7,000	$0	0	D
Stock Options (right to buy)	$35.7	05/23/2009		D			5,688	02/21/2008(15)	02/21/2015	Common Stock	5,688	$0	0	D
Stock Options (right to buy)	$17.37	05/23/2009		D			16,000	02/20/2009(16)	02/20/2016	Common Stock	16,000	$0	0	D
Stock Options (right to buy)	$5.5	05/23/2009		D			7,500	07/16/2009(17)	07/16/2016	Common Stock	7,500	$0	0	D
Stock Options (right to buy)	$7.04	05/23/2009		D			15,895	08/20/2009(18)	08/20/2016	Common Stock	15,895	$0	0	D

Explanation of Responses:

1. Disposed of pursuant to merger agreement between issuer and M&T Bank Corporation in exchange for 254 shares of M&T Bank Corporation common stock having a market value of $46.73 per share on the closing date of the merger.

2. Disposed of pursuant to merger agreement between issuer and M&T Bank Corporation in exchange for 95 shares of M&T Bank Corporation common stock having a market value of $46.73 per share on the closing date of the merger.

3. Disposed of pursuant to merger agreement between issuer and M&T Bank Corporation in exchange for 94 shares of M&T Bank Corporation common stock having a market value of $46.73 per share on the closing date of the merger.

4. Disposed of pursuant to merger agreement between issuer and M&T Bank Corporation in exchange for 38 shares of M&T Bank Corporation common stock having a market value of $46.73 per share on the closing date of the merger.

5. Disposed of pursuant to merger agreement between issuer and M&T Bank Corporation in exchange for 74 shares of M&T Bank Corporation common stock having a market value of $46.73 per share on the closing date of the merger.

6. Disposed of pursuant to merger agreement between issuer and M&T Bank Corporation in exchange for 741 shares of M&T Bank Corporation common stock having a market value of $46.73 per share on the closing date of the merger.

7. Disposed of pursuant to merger agreement between issuer and M&T Bank Corporation in exchange for 380 shares of M&T Bank Corporation common stock having a market value of $46.73 per share on the closing date of the merger.

8. This option, which was fully vested and exercisable, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 963 shares of M&T Bank Corporation common stock for $105.99 per share.

9. This option, which was fully vested and exercisable, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 574 shares of M&T Bank Corporation common stock for $76.62 per share.

10. This option, which was fully vested and exercisable, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 858 shares of M&T Bank Corporation common stock for $143.80 per share.

11. This option, which was fully vested and exercisable, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 1,029 shares of M&T Bank Corporation common stock for $196.13 per share.

12. This option, which was fully vested and exercisable, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 1,201 shares of M&T Bank Corporation common stock for $136.98 per share.

13. This option, which provided for vesting in four annual installments commencing on February 15, 2007, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 821 shares of M&T Bank Corporation common stock for $209.76 per share.

14. This option, which was fully vested and exercisable, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 1,201 shares of M&T Bank Corporation common stock for $187.73 per share.

15. This option, which provided for vesting in four annual installments commencing on February 21, 2008, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 976 shares of M&T Bank Corporation common stock for $208.01 per share.

16. This option, which provided for vesting in four annual installments commencing on February 20, 2009, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 2,746 shares of M&T Bank Corporation common stock for $101.21 per share.

17. This option, which provided for vesting in four annual installments commencing July 16, 2009, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 1,287 shares of M&T Bank Corporation common stock for $32.05 per share.

18. This option, which provided for vesting in four annual installments commencing on August 20, 2009, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 2,727 shares of M&T Bank Corporation common stock for $41.02 per share.

Remarks:

	By: Robert L. Davis, Power of Attorney	05/23/2009
	** 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).
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