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^*

HAGAN JAMES C

(Last)

(First)

(Middle)

C/O WESTFIELD FINANCIAL INC

141 ELM STREET

(Street)

WESTFIELD

01085

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
WESTFIELD FINANCIAL INC [ WFD ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and COO

3. Date of Earliest Transaction (Month/Day/Year)
01/03/2007

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, par value $0.01 per share	01/03/2007		P		2,000	A	$10	6,764⁽¹⁾	I	By 401(k)
Common Stock, par value $0.01 per share								24,150⁽¹⁾	D⁽²⁾
Common Stock, par value $0.01 per share								6,526⁽¹⁾	I	By ESOP

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 Option (Right to Buy)	$4.39	01/03/2007		J⁽³⁾		7,875		07/26/2003	01/25/2012	Common Stock	7,875	$0	7,875	D
Stock Option (Right to Buy)	$4.39	01/03/2007		J⁽³⁾		7,875		07/26/2004	01/25/2012	Common Stock	7,875	$0	7,875	D
Stock Option (Right to Buy)	$4.39	01/03/2007		J⁽³⁾		7,875		07/26/2005	01/25/2012	Common Stock	7,875	$0	7,875	D
Stock Option (Right to Buy)	$4.39	01/03/2007		J⁽³⁾		7,875		07/26/2006	01/25/2012	Common Stock	7,875	$0	7,875	D
Stock Option (Right to Buy)	$4.39	01/03/2007		J⁽³⁾		7,875		07/26/2007	01/15/2012	Common Stock	7,875	$0	7,875	D

Explanation of Responses:

1. Pursuant to a reorganization exempt under Rule 16b-7, each share of Westfield Financial, Inc. common stock as of January 3, 2007 was automatically exchanged for 3.28138 shares of common stock of a new corporation also called Westfield Financial, Inc., with fractional shares cashed out at a price of $10 per share.

2. Includes a restricted stock award of 19,688 shares granted to the reporting person under the Westfield Financial, Inc. 2002 Recognition and Retention Plan. The shares subject to this award vests in one-third increments on an annual basis, with the last installment scheduled to vest on October 20, 2007.

3. Pursuant to a reorganization exempt under rule 16b-7, each option for a share of Westfield Financial, Inc. common stock as of January 3, 2007 was automatically exchanged for an option for 3.28138 shares of common stock of a new corporation also called Westfield Financial, Inc. with the exercise price adjusted by a proportional amount.

	/s/ Michael J. Janosco, Jr. for James C. Hagan by power of attorney	01/05/2007
	** 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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