X0201 4 2003-07-31 0 0001099517 PORT FINANCIAL CORP PORT 0001254720 JEFFREY CHARLES D C/O PORT FINANCIAL CORP 1380 SOLDIERS FIELD RD BRIGHTON MA 02136 0 1 0 0 Sr. VP, Treasurer and CFO Common Stock 2003-07-31 4 D 0 37143 54 D 0 D Common Stock 2003-07-31 4 D 0 13179 54 D 0 I see note Stock Option (Right to Buy) 15.875 2003-07-31 4 D 0 15000 0 D 2003-07-01 2010-10-18 Common Stock 15000 0 D Reflects 110 shares held by the Port Financial Corp. ESOP Restoration Plan, 11,000 shares held by an IRA, 397 shares held by the SBERA 401(k) Plan as adopted by Cambridgeport Bank and 1,672 held by the Port Financial Corp. Employee Stock Ownership Plan. All options vested as of July 1, 2003 pursuant to the accelerated vesting provisions of the option agreement for changes in control. The options were cancelled in connection with the merger of Mustang Acquisition Corp., a wholly owned subsidiary of Citizens Bank of Massachusetts, and Port Financial Corp. in exchange for a cash payment of $571,875, representing the difference between the exercise price of the option and the market value of the underlying Port Financial Corp. common stock on the effective date of the merger. /s/ Charles Jeffrey 2003-07-31