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 MA 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)
05/22/2007
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)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share 05/22/2007 A 20,029(1) A $10.11 44,179 D(1)(2)
Common Stock, par value $0.01 per share 6,764 I By 401(k)
Common Stock, par value $0.01 per share 6,526 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $10.11 05/22/2007 A 80,168 (3) 05/22/2017 Common Stock 80,168 $0 80,168 D
Stock Option (Right to Buy) $4.39 (4) 07/26/2012 Common Stock 39,375 39,375 D
Explanation of Responses:
1. Includes a restricted stock award of 20,029 shares granted to the reporting person under the Westfield Financial, Inc. 2002 Recognition and Retention Plan. The shares subject to this award vest in 20% increments on an annual basis, with the first installment scheduled to vest on July 20, 2008.
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 vest in one-third increments on an annual basis, with the last installment scheduled to vest on October 20, 2007.
3. Includes grant of stock options to the reporting person under Westfield Financial, Inc. Stock Option Plan that vests as follows: annually in 20% increments with the first installment scheduled to vest on 7/20/2008.
4. Includes grant of stock options to the reporting person under Westfield Financial, Inc. Stock Option Plan that vests as follows: annually in 20% increments with the last installment vesting on 7/26/2007.
/s/ James C. Hagan 05/23/2007
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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