X0202 4 2006-02-01 0 0000818969 PROVIDENT BANKSHARES CORP (PBKS) 0001224739 STARLIPER DENNIS A 114 EAST LEXINGTON STREET BALTIMORE MD 21202 0 1 0 0 CFO and EVP Common Stock 2006-02-01 4 M 0 6615 18.1900 A 9035.0000 D Common Stock 2006-02-01 4 M 0 12600 18.5100 A 21635.0000 D Common Stock 2006-02-01 4 M 0 20000 24.6800 A 41635.0000 D Common Stock 2006-02-01 4 M 0 15000 23.5100 A 56635.0000 D Common Stock 2006-02-01 4 S 0 6615 36.3910 D 50020.0000 D Common Stock 2006-02-01 4 S 0 12600 36.1920 D 37420.0000 D Common Stock 2006-02-01 4 S 0 20000 35.0540 D 17420.0000 D Common Stock 2006-02-01 4 S 0 15000 36.0540 D 2420.0000 D Common Stock 34839.2330 I By 401(k) Common Stock 1015.8376 I By Stock Award Non-Qualified Stock Option (right to buy) 18.1900 2006-02-01 4 M 0 6615 0 D 1999-10-20 2009-10-20 Common Stock 6615 0 D Non-Qualified Stock Option (right to buy) 18.5100 2006-02-01 4 M 0 12600 0 D 2000-12-20 2010-12-20 Common Stock 12600 0 D Non-Qualified Stock Option (right to buy) 24.6800 2006-02-01 4 M 0 20000 0 D 2003-01-16 2012-01-16 Common Stock 20000 0 D Non-Qualified Stock Option (right to buy) 23.5100 2006-02-01 4 M 0 15000 0 D 2004-02-19 2013-02-19 Common Stock 15000 0 D Non-Qualified Stock Option (right to buy) 27.7600 1998-02-13 2008-02-13 Common Stock 6079 6079 D Non-Qualified Stock Option (right to buy) 33.6600 2006-02-16 2013-02-16 Common Stock 11000 11000 D Non-Qualified Stock Options (right-to-buy) 32.2200 2004-02-18 2014-02-18 Common Stock 15000 15000 D This form reflects increases in beneficial ownership resulting from exempt acquisitions under a 401(k) plan pursuant tor Rule 16b-3(c). Stock Awards granted pursuant to the Provident Bankshares Corporation 2004 Equity Compensation Plan vest in four annual installments commencing on February 16, 2006. Non-Qualified Stock Options granted pursuant to the Provident Bankshares Corporation Amended and Restated Stock Option Plan are fully vested and exercisable. Non-Qualified Stock Options granted pursuant to the Provident Bankshares Corporation Amended and Restated Stock Option Plan are fully vested and exercisable as of December 20, 2003. Non-Qualified Stock Options granted pursuant to the Provident Bankshares Corporation Amended and Restated Stock Option Plan are fully vested and exercisable as of January 16, 2005. Non-Qualified Stock Options granted pursuant to the Provident Bankshares Corporation Amended and Restated Stock Option Plan are fully vested and exercisable as of February 19, 2005. Non-Qualified Stock Options granted pursuant to the Provident Bankshares Corporation Amended and Restated Stock Option Plan are fully vested and exercisable as of February 13, 1998. Stock Options granted pursuant to the Provident Bankshares Corporation 2004 Equity Compensation Plan vest in four annual installments commencing on February 16, 2006. Non-Qualified Stock Options granted pursuant to the Provident Bankshares Corporation Amended and Restated Stock Option Plan vest in three equal annual installments commencing on February 18, 2004. By: Robert L. Davis, Power of Attorney 2006-02-03