SEC FORM 4

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

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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^*

WAGNER WILLIAM J

(Last)

(First)

(Middle)

C/O WESTERN NEW ENGLAND BANCORP, INC.

141 ELM STREET

(Street)

WESTFIELD

01085

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Western New England Bancorp, Inc. [ WNEB ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Business Dev Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/22/2017

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/22/2017		M		114,839	A	$5.89	250,980	D
Common Stock	02/22/2017		S		30,000	D	$9.6509	220,980	D
Common Stock	02/23/2017		M		21,855	A	$5.89	242,835	D
Common Stock	02/23/2017		S		21,855	D	$9.7017	220,980	D
Common Stock	02/24/2017		M		25,670	A	$5.89	246,650	D
Common Stock	02/24/2017		S		25,670	D	$9.7	220,980	D
Common Stock								18,641	I	By IRA
Common Stock								242	I	By Spouse's IRA
Common Stock								41,215	I	By SERP
Common Stock								35,746	I	By 401(k)
Common Stock								1,382	I	By Daughter 1
Common Stock								1,430	I	By Daughter 2

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options	$5.89	02/22/2017		M			114,839	07/26/2008	07/26/2017	Common Stock	114,839	$0	209,887	D
Stock Options	$5.89	02/23/2017		M			21,855	07/26/2008	07/26/2017	Common Stock	21,855	$0	188,032	D
Stock Options	$5.89	02/23/2017		M			25,670	07/26/2008	07/26/2017	Common Stock	25,670	$0	162,362	D
Stock Options	$5.86							01/25/2013	01/25/2022	Common Stock	48,500		48,500	D
Stock Options	$6.82							01/22/2014	01/22/2023	Common Stock	72,750		72,750	D

Explanation of Responses:

Remarks:

	/s/ Gerald P. Ciejka, Attorney-in-Fact	02/24/2017
	** 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 Number.